Kvarøy Borettslag

BRLActive

Org 920344313Ole Tobias Olsens Gate 7, 8622 Mo I RanaActivities of households as employers of domestic personnel· NACE 9700Est. 2018 · 8 years old0 employeeshttps://www.helgelandbbl.no

Overview

Kvarøy Borettslag is a Norwegian BRL based in Mo I Rana, operating in the Activities of households as employers of domestic personnel sector. Incorporated in 2018, the company has 0 employees and reported revenue of NOK 989.5k in its latest annual filing.

Revenue 2025

1M NOK

−2% vs 2024

EBITDA margin

77.2 %

−6% vs 2024

Net profit 2025

0M NOK

-44% vs 2024

Key ratios

See full ratios →

1.9 %

Weak

Among the 40% lowest rated companies in the industry

20212025

9.3×

Strong

Among the 40% highest rated companies in the industry

20212025

0.2 %

Weak

Among the 40% lowest rated companies in the industry

20212025

EBITDA — year on year

NOK thousands

Key figures

Annual report 2025

Revenue	1M NOK	-2%
EBITDA	0.8M NOK	-6%
Net profit	0M NOK	-44%
Total assets	22.6M NOK	0%
Equity	0.4M NOK	+10%
Employees	0	—

Contact

Address

Ole Tobias Olsens Gate 7, 8622 Mo I Rana

Website

https://www.helgelandbbl.no

Risika for professionals

Risika provides regulated workflow tools for finance, procurement and compliance teams that need monitoring, alerts and an API.

Visit risika.com

Financial development

In its most recent annual report (2025), Kvarøy Borettslag reported revenue of NOK 989.5k, a decrease of 2% on the year before. The figures on this page draw on 5 annual filings covering 2021 to 2025. The bottom line showed a net profit of NOK 39.6k, and the EBITDA margin stood at 77.2%.

At the end of 2025, equity financed 1.9% of the balance sheet, and current assets covered short-term debt 9.3 times.

Financials

Revenue

NOK thousands

EBITDA

NOK thousands

Income statement

NOK thousands

Item	2025	2024	2023	2022	2021
Revenue	990	1,006	875	566	431
Staff expenses	-0	-0	-0	-0	-0
EBITDA	764	810	682	414	279
Depreciation & amort.	-0	-0	-0	-0	-0
EBIT	764	810	682	414	279
Net financials	-725	-739	-616	-334	-214
Profit before tax	40	71	66	80	64
Tax	-0	-0	-0	-0	-0
Net profit	40	71	66	80	64

Get a credit rating – not just the numbers

Financial statements show the past. Risika gives you a score and a recommended credit limit, so you know what the numbers mean for your risk.

See the credit rating

Balance sheet

NOK thousands

Item	2025	2024	2023	2022	2021
Total assets	22,634	22,597	22,544	22,492	22,397
Equity	431	392	321	254	175
Long-term debt	22,130	22,130	22,130	22,130	22,130
Short-term debt	54	75	93	107	93
Total debt	22,184	22,205	22,223	22,237	22,223

Financial ratios

5-year trend

EBITDA margin

77.2 %

20212025

Equity ratio

1.9 %

Weak

Among the 40% lowest rated companies in the industry

20212025

Return on equity

9.2 %

Average

Around the average of companies in the same industry

20212025

Net profit margin

4.0 %

Weak

Among the 40% lowest rated companies in the industry

20212025

Asset turnover

0.04×

Very weak

Among the 20% lowest rated companies in the industry

20212025

Debt / equity

51.49×

Very weak

Among the 10% lowest rated companies in the industry

20212025

Sector performance

27 of 28 ratios graded

28 financial ratios from the latest filing, each graded against companies in the same industry.

Profitability

Gross marginVery weak

Among the 10% lowest rated companies in the industry

The gross result as a share of revenue — how much of the revenue is left after variable costs to cover the company's fixed costs.

Operating marginVery strong

Among the 10% highest rated companies in the industry

EBIT as a share of revenue — the share of revenue remaining as earnings once all operating costs are covered. A key measure of earning power.

Net profit marginWeak

Among the 40% lowest rated companies in the industry

The profit for the year as a share of revenue — the company's ability to turn revenue into profit.

Return on equity (ROE)Average

Around the average of companies in the same industry

Net profit as a percentage of equity — the return the owners earned on their invested capital this year.

Return on assets (ROA)Weak

Among the 40% lowest rated companies in the industry

Net profit as a percentage of total assets — the return generated on the capital employed.

Return on net assets (RONA)Average

Around the average of companies in the same industry

Profit relative to net assets (total assets minus total debt) — the ability to generate earnings from the net asset base alone.

Basic earning power (BEP)Average

Around the average of companies in the same industry

EBIT relative to total assets — the company's earning power before the effects of tax and financial leverage.

Capacity ratioVery strong

Among the 10% highest rated companies in the industry

Shows how strongly fixed costs weigh on the gross result — a high ratio means fixed costs take only a small bite out of the earnings from basic operations.

Liquidity

Current ratioStrong

Among the 40% highest rated companies in the industry

Current assets relative to short-term debt — the ability to settle short-term obligations with current assets alone. Around 150% is considered satisfactory from a credit perspective.

Quick ratioStrong

Among the 40% highest rated companies in the industry

Current assets excluding inventory relative to short-term debt — whether the most liquid assets alone can cover the short-term obligations. A value of 1 or above signals a healthy liquidity position.

Cash ratioStrong

Among the 40% highest rated companies in the industry

Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.

Current assets to equityWeak

Among the 40% lowest rated companies in the industry

Current assets relative to equity — an indicator of the balance-sheet structure and of the company's short- and long-term financing. The healthy level is highly industry-dependent.

Fixed assets to long-term capitalWeak

Among the 30% lowest rated companies in the industry

Fixed assets relative to long-term capital (equity plus long-term liabilities). Below 100% means the long-term capital finances more than just the fixed assets — a healthier liquidity position.

Cash conversion ratioVery strong

Among the 10% highest rated companies in the industry

Cash flow relative to profit — the ability to convert reported profits into accessible cash.

Debt & solvency

Solidity ratioWeak

Among the 40% lowest rated companies in the industry

Equity as a share of total assets — the ability to absorb losses. Around 40% is considered satisfactory from a credit perspective.

Debt ratioWeak

Among the 40% lowest rated companies in the industry

Total debt relative to the balance-sheet total — the share of the assets financed by debt rather than equity.

Debt to equityVery weak

Among the 10% lowest rated companies in the industry

Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.

Liabilities to equityVery weak

Among the 10% lowest rated companies in the industry

Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.

Income to debtWeak

Among the 40% lowest rated companies in the industry

Profit relative to debt — the ability to create earnings while operating with debt.

EBITDA to debtWeak

Among the 40% lowest rated companies in the industry

EBITDA relative to debt — how much operating earnings are available to service the debt.

Interest coverageWeak

Among the 40% lowest rated companies in the industry

The ability to pay the interest on the company's debt out of its earnings.

Interest rate on debtWeak

Among the 40% lowest rated companies in the industry

Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.

Interest marginWeak

Among the 30% lowest rated companies in the industry

The return on assets minus the interest rate on debt. Positive means the company benefits from operating with debt; negative means the debt makes it worse off.

Efficiency & development

Asset turnoverVery weak

Among the 20% lowest rated companies in the industry

Revenue relative to total assets — the ability to generate revenue from the asset base.

Equity to contributed capitalAverage

Around the average of companies in the same industry

Total equity relative to the capital the owners contributed — how the equity has developed from its starting point.

One-year change in equityAverage

Around the average of companies in the same industry

The size of this year's increase or decrease in the company's equity.

One-year change in debtWeak

Among the 40% lowest rated companies in the industry

The size of this year's increase or decrease in the company's debt.

Inventory turnoverNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

Revenue relative to inventory — how many times a year the inventory is sold and replaced. A low value can indicate weak sales or excess inventory.

Annual reports & filings

Annual report 2025
Filed via Brønnøysundsregistrene · Period 2025-01-01 – 2025-12-31
View PDF
Annual report 2024
Filed via Brønnøysundsregistrene · Period 2024-01-01 – 2024-12-31
View PDF
Annual report 2023
Filed via Brønnøysundsregistrene · Period 2023-01-01 – 2023-12-31
View PDF
Annual report 2022
Filed via Brønnøysundsregistrene · Period 2022-01-01 – 2022-12-31
View PDF
Annual report 2021
Filed via Brønnøysundsregistrene · Period 2021-01-01 – 2021-12-31
View PDF

People & ownership

Management

Actively employed in the business

Name	Role	Member since

Former (1)


JS Jørn Sandstedt Contact Person	Contact Person	2018 – 2026

Board of directors

Non-executive oversight

Name	Role	Member since
Current (3)
HO Håvard Olsen Board of Directors	Board of Directors	2018
GO Gjermund Olsen Board of Directors	Board of Directors	2018
AG Alf Gøran Knutsen Chairman	Chairman	2018

Shareholders

Active legal owners

No shareholder data available.

One in three Danish companies experiences fraud

Sound familiar? See how to strengthen your defences and catch suspicious changes in ownership and management in time.

See the fraud module

Related companies

Company hierarchy

No registered parent or subsidiaries

Board network connections

Board members of Kvarøy Borettslag also hold positions in 71 other companies.

Person	Role here	Other companies
Alf Gøran Knutsen	Chairman	33 companiesMany roles
Gjermund Olsen	Board of Directors	17 companiesMany roles
Håvard Olsen	Board of Directors	12 companiesMany roles
Jørn Sandstedt	Contact Person	9 companiesMany roles

Frequently asked questions

What is the Org number of Kvarøy Borettslag?

Kvarøy Borettslag is registered with Brønnøysundsregistrene under Org 920344313.

What is the revenue of Kvarøy Borettslag?

Kvarøy Borettslag reported revenue of NOK 989.5k in 2025.

Who is the chairman of Kvarøy Borettslag?

Alf Gøran Knutsen chairs the board of Kvarøy Borettslag.

Where is Kvarøy Borettslag headquartered?

Kvarøy Borettslag's registered address is Ole Tobias Olsens Gate 7.