Leeway AS

ASActive

Org 924766204Kyrkjevegen 177, 5470 RosendalEngineering activities and related technical consultancy· NACE 7112Est. 2020 · 6 years old1-4 employees

Overview

Leeway AS is a Norwegian AS based in Rosendal, operating in the Engineering activities and related technical consultancy sector. Incorporated in 2020, the company reported revenue of NOK 640.2k in its latest annual filing.

Revenue 2025

640.2K NOK

+1563% vs 2024

EBITDA margin

5.1 %

+356% vs 2024

Net profit 2025

27.7K NOK

+317% vs 2024

Key ratios

See full ratios →

5.3 %

Weak

Among the 30% lowest rated companies in the industry

20212025

1.7×

Average

Around the average of companies in the same industry

20212025

9.1 %

Average

Around the average of companies in the same industry

20212025

EBITDA — year on year

NOK thousands

Key figures

Annual report 2025

Revenue	640.2K NOK	+1563%
EBITDA	32.8K NOK	+356%
Net profit	27.7K NOK	+317%
Total assets	304.7K NOK	+841%
Equity	16.1K NOK	+39%
Employees	—	—

Financial development

In its most recent annual report (2025), Leeway AS reported revenue of NOK 640.2k, an increase of 1563% 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 27.7k, and the EBITDA margin stood at 5.1%.

At the end of 2025, equity financed 5.3% of the balance sheet, and current assets covered short-term debt 1.7 times.

Financials

Revenue

NOK thousands

EBITDA

NOK thousands

Income statement

NOK thousands

Item	2025	2024	2023	2022	2021
Revenue	640	39	21	0	0
Staff expenses	-277	-0	-0	-0	-0
EBITDA	33	-13	1	0	-8
Depreciation & amort.	-0	-0	-0	-0	-0
EBIT	33	-13	1	0	-8
Net financials	-0	0	0	0	0
Profit before tax	33	-13	1	0	-8
Tax	5	-0	-0	-0	-0
Net profit	28	-13	1	0	-8

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Balance sheet

NOK thousands

Item	2025	2024	2023	2022	2021
Total assets	305	32	6	6	6
Equity	16	12	6	6	6
Long-term debt	108	-36	0	0	0
Short-term debt	180	-8	0	0	0
Total debt	289	-44	0	0	0

Financial ratios

5-year trend

EBITDA margin

5.1 %

20212025

Equity ratio

5.3 %

Weak

Among the 30% lowest rated companies in the industry

20212025

Return on equity

172.2 %

Very strong

Among the 10% highest rated companies in the industry

20212025

Net profit margin

4.3 %

Average

Around the average of companies in the same industry

20212025

Asset turnover

2.10×

Strong

Among the 30% highest rated companies in the industry

20212025

Debt / equity

17.92×

Very weak

Among the 10% lowest rated companies in the industry

20212025

Sector performance

25 of 28 ratios graded

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

Profitability

Gross marginWeak

Among the 40% 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 marginAverage

Around the average of companies in the same 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 marginAverage

Around the average of companies in the same 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 strong

Among the 10% highest 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)Average

Around the average of companies in the same industry

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

Return on net assets (RONA)Very strong

Among the 10% highest 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)Strong

Among the 40% highest rated companies in the industry

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

Capacity ratioAverage

Around the average of companies in the same 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 ratioAverage

Around the average of companies in the same 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 ratioAverage

Around the average of companies in the same 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 ratioAverage

Around the average of companies in the same industry

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

Current assets to equityVery weak

Among the 10% 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 capitalVery strong

Among the 10% highest 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 ratioStrong

Among the 40% 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 30% 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 30% 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 debtAverage

Around the average of companies in the same industry

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

EBITDA to debtAverage

Around the average of companies in the same industry

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

Interest coverageStrong

Among the 40% highest 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 marginStrong

Among the 40% highest 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 turnoverStrong

Among the 30% highest rated companies in the industry

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

One-year change in equityStrong

Among the 30% highest rated companies in the industry

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

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.

Equity to contributed capitalNot rated

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

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

One-year change in debtNot rated

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

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

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)
RR Ronald Refvik Hellenes Chief Executive Officer	Chief Executive Officer	2020

Board of directors

Non-executive oversight

Name	Role	Member since
Current (1)
RR Ronald Refvik Hellenes Chairman	Chairman	2020

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 Leeway AS also hold positions in 3 other companies.

Person	Role here	Other companies
Ronald Refvik Hellenes	Chief Executive Officer	3 companies

Frequently asked questions

What is the Org number of Leeway AS?

Leeway AS is registered with Brønnøysundsregistrene under Org 924766204.

What is the revenue of Leeway AS?

Leeway AS reported revenue of NOK 640.2k in 2025.

Who is the CEO of Leeway AS?

Ronald Refvik Hellenes is the CEO of Leeway AS.

Who is the chairman of Leeway AS?

Ronald Refvik Hellenes chairs the board of Leeway AS.

Where is Leeway AS headquartered?

Leeway AS's registered address is Kyrkjevegen 177.