Second Space Drift AS
ASActiveOrg 925702765Holtet 45, 1368 StabekkDevelopment of building projects· NACE 6812Est. 2020 · 6 years old5 employees
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Overview
Second Space Drift AS is a Norwegian AS based in Stabekk, operating in the Development of building projects sector. Incorporated in 2020, the company has 5 employees and reported revenue of NOK 50.6m in its latest annual filing.
Revenue 2025
50.6M NOK
+16% vs 2024
EBITDA margin
13.3 %
+51% vs 2024
Net profit 2025
-4.9M NOK
+7% vs 2024
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
-12.0 %
Very weakAmong the 10% lowest rated companies in the industry
20212025
Liquidity ratioCurrent assets ÷ Short-term debt
0.6×
WeakAmong the 30% lowest rated companies in the industry
20212025
Return on assets (ROA)Net profit ÷ Total assets × 100
-5.2 %
Very weakAmong the 20% lowest rated companies in the industry
20212025
EBITDA — year on year
NOK millionsKey figures
Annual report 2025| Revenue | 50.6M NOK | +16% |
| EBITDA | 6.7M NOK | +51% |
| Net profit | -4.9M NOK | +7% |
| Total assets | 94.6M NOK | -4% |
| Equity | -11.4M NOK | -76% |
| Employees | 5 | — |
Company information
Legal name
SECOND SPACE DRIFT AS
Org number
925702765
Legal form
Aksjeselskap
NACE code
Founded
19 August 2020 · 6 years
Share capital
NOK 30,000
Employees
5 (FTE)
VAT registered
No
Audit selected
No
Last report
2025-12-31
Financial year
January – December
Signatory rights
To styremedlemmer i fellesskap.
Company purpose
Drift, kjøp, salg og utvikling av fast eiendom, herunder gjennom deltakelse i andre selskaper, samt virksomhet som står i forbindelse med dette. Selskapet kan også påta seg annen inntektsgivende virksomhet.
(no translation available)
Address
Holtet 45, 1368 Stabekk
Risika for professionals
Risika provides regulated workflow tools for finance, procurement and compliance teams that need monitoring, alerts and an API.
Financial development
In its most recent annual report (2025), Second Space Drift AS reported revenue of NOK 50.6m, an increase of 16% 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 4.9m, and the EBITDA margin stood at 13.3%.
At the end of 2025, current assets covered short-term debt 0.6 times.
Financials
Revenue
NOK millionsEBITDA
NOK millionsIncome statement
NOK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 50,565 | 43,618 | 32,621 | 22,544 | 5,726 |
| Staff expenses | -1,554 | -1,574 | -1,172 | -40 | -20 |
| EBITDA | 6,737 | 4,460 | -8,930 | -10,908 | -3,945 |
| Depreciation & amort. | -5,517 | -4,008 | -3,590 | -1,567 | -24 |
| EBIT | 1,220 | 452 | -12,520 | -12,475 | -3,969 |
| Net financials | -5,716 | -5,894 | -5,196 | -1,397 | -163 |
| Profit before tax | -4,496 | -5,442 | -17,716 | -13,873 | -4,132 |
| Tax | 416 | -152 | -3,840 | -3,052 | -909 |
| Net profit | -4,911 | -5,291 | -13,876 | -10,821 | -3,224 |
Balance sheet
NOK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total assets | 94,621 | 98,676 | 107,435 | 96,067 | 55,506 |
| Equity | -11,377 | -6,466 | -1,175 | -575 | 28 |
| Long-term debt | 0 | 103,930 | 101,084 | 90,572 | 44,094 |
| Short-term debt | 9,305 | 1,212 | 7,525 | 6,070 | 11,385 |
| Total debt | 105,998 | 105,142 | 108,610 | 96,642 | 55,479 |
Financial ratios
5-year trendEBITDA margin
13.3 %
20212025
Equity ratio
-12.0 %
Very weakAmong the 10% lowest rated companies in the industry
20212025
Return on equity
—
20212025
Net profit margin
-9.7 %
WeakAmong the 30% lowest rated companies in the industry
20212025
Asset turnover
0.53×
Very strongAmong the 10% highest rated companies in the industry
20212025
Debt / equity
—
20212025
Sector performance
20 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Gross marginWeak
Among the 30% 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 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.
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 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.
Return on equity (ROE)Not rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Net profit as a percentage of equity — the return the owners earned on their invested capital this year.
Return on net assets (RONA)Not rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Profit relative to net assets (total assets minus total debt) — the ability to generate earnings from the net asset base alone.
Liquidity
Current ratioWeak
Among the 30% 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 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.
Cash conversion ratioVery weak
Among the 10% lowest rated companies in the industry
Cash flow relative to profit — the ability to convert reported profits into accessible cash.
Current assets to equityNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
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 capitalNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
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.
Debt & solvency
Solidity ratioVery weak
Among the 10% 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 ratioVery weak
Among the 10% 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.
Income to debtWeak
Among the 30% lowest rated companies in the 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 coverageAverage
Around the average of companies in the same industry
The ability to pay the interest on the company's debt out of its earnings.
Interest rate on debtWeak
Among the 30% lowest rated companies in the 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.
Debt to equityNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.
Liabilities to equityNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.
Efficiency & development
Asset turnoverVery strong
Among the 10% highest rated companies in the industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
Equity to contributed capitalVery weak
Among the 10% lowest rated companies in the industry
Total equity relative to the capital the owners contributed — how the equity has developed from its starting point.
One-year change in debtAverage
Around the average of companies in the same 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.
One-year change in equityNot 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 equity.
Annual reports & filings
- Annual report 2025Filed via Brønnøysundsregistrene · Period 2025-01-01 – 2025-12-31
- Annual report 2024Filed via Brønnøysundsregistrene · Period 2024-01-01 – 2024-12-31
- Annual report 2023Filed via Brønnøysundsregistrene · Period 2023-01-01 – 2023-12-31
- Annual report 2022Filed via Brønnøysundsregistrene · Period 2022-01-01 – 2022-12-31
- Annual report 2021Filed via Brønnøysundsregistrene · Period 2021-01-01 – 2021-12-31
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (1) | ||
HI Chief Executive Officer | Chief Executive Officer | 2021 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (2) | ||
LC Board of Directors | Board of Directors | 2025 |
HI Chairman | Chairman | 2025 |
Former (2)
MN Chairman | Chairman | 2021 – 2025 |
EA Board of Directors | Board of Directors | 2021 – 2025 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 100% | 100% | 2020 |
Related companies
Company hierarchy
Sugarloaf Bidco As
Second Space Drift AS Board network connections
Board members of Second Space Drift AS also hold positions in 367 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Espen Aubert | Board of Directors | 299 companiesMany roles |
| Hans Isak Larsson | Chief Executive Officer | 28 companiesMany roles |
| Lars Christian Stugaard | Board of Directors | 24 companiesMany roles |
| Martin Nes | Chairman | 16 companiesMany roles |
Frequently asked questions
What is the Org number of Second Space Drift AS?
Second Space Drift AS is registered with Brønnøysundsregistrene under Org 925702765.
What is the revenue of Second Space Drift AS?
Second Space Drift AS reported revenue of NOK 50.6m in 2025.
How many employees does Second Space Drift AS have?
Second Space Drift AS employs 5 people as of the latest annual report.
Who is the CEO of Second Space Drift AS?
Hans Isak Larsson is the CEO of Second Space Drift AS, in role since 2021.
Who is the chairman of Second Space Drift AS?
Hans Isak Larsson chairs the board of Second Space Drift AS, in role since 2025.
Where is Second Space Drift AS headquartered?
Second Space Drift AS's registered address is Holtet 45.