Rasch AS

ASActive

Org 921609108Kongsgård Alle 59, 4632 Kristiansand SCombined facilities support activities· NACE 8110Est. 2018 · 7 years old1-4 employees

Overview

Rasch AS is a Norwegian AS based in Kristiansand S, operating in the Combined facilities support activities sector. Incorporated in 2018, the company reported revenue of NOK 2.0m in its latest annual filing.

Revenue 2025

2M NOK

+48% vs 2024

EBITDA margin

−8.0 %

−143% vs 2024

Net profit 2025

-0.1M NOK

-160% vs 2024

Key ratios

See full ratios →

17.4 %

Weak

Among the 40% lowest rated companies in the industry

20212025

1.0×

Weak

Among the 40% lowest rated companies in the industry

20212025

-27.0 %

Very weak

Among the 20% lowest rated companies in the industry

20212025

EBITDA — year on year

NOK thousands

Key figures

Annual report 2025

Revenue	2M NOK	+48%
EBITDA	-0.2M NOK	-143%
Net profit	-0.1M NOK	-160%
Total assets	0.5M NOK	-14%
Equity	0.1M NOK	-69%
Employees	—	—

Financial development

In its most recent annual report (2025), Rasch AS reported revenue of NOK 2.0m, an increase of 48% on the year before. The figures on this page draw on 5 annual filings covering 2021 to 2025. The bottom line showed a net loss of NOK 147.0k, and the EBITDA margin stood at -8%.

At the end of 2025, equity financed 17.4% of the balance sheet, and current assets covered short-term debt 1 times.

Financials

Revenue

NOK thousands

EBITDA

NOK thousands

Income statement

NOK thousands

Item	2025	2024	2023	2022	2021
Revenue	1,981	1,337	1,475	756	1,319
Staff expenses	-318	-15	-19	-5	-1
EBITDA	-159	371	366	47	142
Depreciation & amort.	-19	-16	-18	-74	-14
EBIT	-178	355	348	-27	128
Net financials	0	-43	-6	-7	-8
Profit before tax	-178	312	342	-34	120
Tax	-31	69	68	-0	20
Net profit	-147	244	274	-33	101

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Balance sheet

NOK thousands

Item	2025	2024	2023	2022	2021
Total assets	544	635	405	674	332
Equity	95	302	240	58	182
Long-term debt	0	0	4	342	0
Short-term debt	449	334	161	275	150
Total debt	449	334	165	616	150

Financial ratios

5-year trend

EBITDA margin

-8.0 %

20212025

Equity ratio

17.4 %

Weak

Among the 40% lowest rated companies in the industry

20212025

Return on equity

-155.6 %

Very weak

Among the 10% lowest rated companies in the industry

20212025

Net profit margin

-7.4 %

Weak

Among the 30% lowest rated companies in the industry

20212025

Asset turnover

3.64×

Very strong

Among the 20% highest rated companies in the industry

20212025

Debt / equity

4.75×

Weak

Among the 30% 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 20% 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 marginWeak

Among the 30% lowest 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 30% 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)Very weak

Among the 10% lowest rated companies in the industry

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

Return on assets (ROA)Very weak

Among the 20% 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)Very weak

Among the 10% lowest rated companies in the 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)Very weak

Among the 20% lowest rated companies in the industry

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

Capacity ratioWeak

Among the 40% lowest 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 ratioWeak

Among the 40% lowest 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 ratioWeak

Among the 40% lowest 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 ratioVery weak

Among the 20% lowest rated companies in the industry

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

Current assets to equityVery weak

Among the 20% 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 40% 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 ratioAverage

Around the average of companies in the same 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 equityWeak

Among the 30% 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 20% 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 debtVery weak

Among the 20% lowest rated companies in the industry

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

EBITDA to debtVery weak

Among the 20% lowest rated companies in the industry

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

Interest coverageVery weak

Among the 20% lowest rated companies in the industry

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

Interest rate on debtAverage

Around the average of companies in the same industry

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

Interest marginVery weak

Among the 20% 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 strong

Among the 20% highest 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 equityVery weak

Among the 20% lowest rated companies in the industry

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

One-year change in debtWeak

Among the 30% 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
Current (1)
SR Stein-Tore Rasch Chief Executive Officer	Chief Executive Officer	2018

Board of directors

Non-executive oversight

Name	Role	Member since
Current (1)
SR Stein-Tore Rasch Chairman	Chairman	2018

Shareholders

Active legal owners

No shareholder data available.

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Related companies

Company hierarchy

No registered parent or subsidiaries

Board network connections

Board members of Rasch AS also hold positions in 2 other companies.

Person	Role here	Other companies
Stein-Tore Rasch	Chief Executive Officer	2 companies

Frequently asked questions

What is the Org number of Rasch AS?

Rasch AS is registered with Brønnøysundsregistrene under Org 921609108.

What is the revenue of Rasch AS?

Rasch AS reported revenue of NOK 2.0m in 2025.

Who is the CEO of Rasch AS?

Stein-Tore Rasch is the CEO of Rasch AS.

Who is the chairman of Rasch AS?

Stein-Tore Rasch chairs the board of Rasch AS.

Where is Rasch AS headquartered?

Rasch AS's registered address is Kongsgård Alle 59.