XTND AS

ASActive

Org 929350502Klokkerlia 26B, 3531 KrokkleivaEconomic activity was not specified by tax authority· NACE 0000Est. 2022 · 4 years old0 employees

Overview

XTND AS is a Norwegian AS based in Krokkleiva, operating in the Economic activity was not specified by tax authority sector. Incorporated in 2022, the company has 0 employees and reported revenue of NOK 1.2m in its latest annual filing.

Revenue 2025

1.2M NOK

+254% vs 2024

EBITDA margin

43.0 %

+543% vs 2024

Net profit 2025

0.7M NOK

+299% vs 2024

Key ratios

See full ratios →

84.7 %

Average

Around the average of companies in the same industry

20222025

6.5×

Average

Around the average of companies in the same industry

20222025

52.5 %

Very strong

Among the 10% highest rated companies in the industry

20222025

EBITDA — year on year

NOK thousands

Key figures

Annual report 2025

Revenue	1.2M NOK	+254%
EBITDA	0.5M NOK	+543%
Net profit	0.7M NOK	+299%
Total assets	1.3M NOK	+59%
Equity	1.1M NOK	+163%
Employees	0	—

Financial development

In its most recent annual report (2025), XTND AS reported revenue of NOK 1.2m, an increase of 254% on the year before. The figures on this page draw on 4 annual filings covering 2022 to 2025. The bottom line showed a net profit of NOK 706.5k, and the EBITDA margin stood at 43%.

At the end of 2025, equity financed 84.7% of the balance sheet, and current assets covered short-term debt 6.5 times.

Financials

Revenue

NOK thousands

EBITDA

NOK thousands

Income statement

NOK thousands

Item	2025	2024	2023	2022
Revenue	1,212	342	327	0
Staff expenses	-621	-215	-10	-2
EBITDA	522	81	299	-2
Depreciation & amort.	-0	-0	-0	-0
EBIT	522	81	299	-2
Net financials	299	113	0	0
Profit before tax	821	195	299	-2
Tax	114	18	66	-0
Net profit	707	177	234	-2

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Balance sheet

NOK thousands

Item	2025	2024	2023	2022
Total assets	1,346	845	321	101
Equity	1,139	433	256	22
Long-term debt	0	0	0	78
Short-term debt	206	412	66	1
Total debt	206	412	66	79

Financial ratios

5-year trend

EBITDA margin

43.0 %

20222025

Equity ratio

84.7 %

Average

Around the average of companies in the same industry

20222025

Return on equity

62.0 %

Very strong

Among the 20% highest rated companies in the industry

20222025

Net profit margin

58.3 %

Average

Around the average of companies in the same industry

20222025

Asset turnover

0.90×

Very strong

Among the 10% highest rated companies in the industry

20222025

Debt / equity

0.18×

Average

Around the average of companies in the same industry

20222025

Sector performance

26 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 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 20% 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)Very strong

Among the 10% highest 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 strong

Among the 20% 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)Very strong

Among the 10% 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 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 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 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.

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.

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 ratioAverage

Around the average of companies in the same industry

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

Debt ratioStrong

Among the 40% highest 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 equityAverage

Around the average of companies in the same industry

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

Liabilities to equityAverage

Around the average of companies in the same industry

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

Income to debtVery strong

Among the 20% highest rated companies in the industry

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

EBITDA to debtVery strong

Among the 10% highest rated companies in the industry

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

Interest coverageVery strong

Among the 10% highest 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 marginVery strong

Among the 10% 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 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 capitalStrong

Among the 30% highest 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 equityVery strong

Among the 10% highest rated companies in the industry

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

One-year change in debtVery strong

Among the 20% highest 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

People & ownership

Management

Actively employed in the business

Name	Role	Member since
Current (3)
MU Martin Uthus Deputy Member	Deputy Member	2024
JS Joakim Skålbones Gaski Deputy Member	Deputy Member	2024
JG Joakim Gaski Deputy Member	Deputy Member	2024

Former (1)


MB Morten Berglind Contact Person	Contact Person	2022 – 2026

Board of directors

Non-executive oversight

Name	Role	Member since
Current (1)
MB Morten Berglind Chairman	Chairman	2022

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 XTND AS also hold positions in 41 other companies.

Person	Role here	Other companies
Martin Uthus	Deputy Member	21 companiesMany roles
Morten Berglind	Contact Person	18 companiesMany roles
Joakim Skålbones Gaski	Deputy Member	1 company
Joakim Gaski	Deputy Member	1 company

Frequently asked questions

What is the Org number of XTND AS?

XTND AS is registered with Brønnøysundsregistrene under Org 929350502.

What is the revenue of XTND AS?

XTND AS reported revenue of NOK 1.2m in 2025.

Who is the chairman of XTND AS?

Morten Berglind chairs the board of XTND AS.

Where is XTND AS headquartered?

XTND AS's registered address is Klokkerlia 26B.