Frostec AS

ASActive

Org 930093777Bruksenhetsnummer H060 Sandekra 17, 1396 BillingstadWholesale of information and communication equipment· NACE 4650Est. 2022 · 4 years old22 employees

Overview

Frostec AS is a Norwegian AS based in Billingstad, operating in the Wholesale of information and communication equipment sector. Incorporated in 2022, the company has 22 employees and reported revenue of NOK 20.3m in its latest annual filing.

Revenue 2025

20.3M NOK

+227% vs 2024

EBITDA margin

32.5 %

+208% vs 2024

Net profit 2025

4.9M NOK

+192% vs 2024

Key ratios

See full ratios →

59.7 %

Strong

Among the 40% highest rated companies in the industry

20222025

2.1×

Average

Around the average of companies in the same industry

20222025

44.3 %

Very strong

Among the 10% highest rated companies in the industry

20222025

EBITDA — year on year

NOK thousands

Key figures

Annual report 2025

Revenue	20.3M NOK	+227%
EBITDA	6.6M NOK	+208%
Net profit	4.9M NOK	+192%
Total assets	11M NOK	+336%
Equity	6.6M NOK	+288%
Employees	22	—

Financial development

In its most recent annual report (2025), Frostec AS reported revenue of NOK 20.3m, an increase of 227% 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 4.9m, and the EBITDA margin stood at 32.5%.

At the end of 2025, equity financed 59.7% of the balance sheet, and current assets covered short-term debt 2.1 times.

Financials

Revenue

NOK millions

EBITDA

NOK thousands

Income statement

NOK thousands

Item	2025	2024	2023	2022
Revenue	20,321	6,223	0	0
Staff expenses	-642	-0	-0	-0
EBITDA	6,610	2,143	-20	0
Depreciation & amort.	-290	-0	-0	-0
EBIT	6,320	2,143	-20	0
Net financials	-57	1	0	0
Profit before tax	6,263	2,144	-20	0
Tax	1,386	472	-0	-0
Net profit	4,877	1,672	-20	0

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Balance sheet

NOK thousands

Item	2025	2024	2023	2022
Total assets	11,003	2,522	30	44
Equity	6,573	1,696	24	44
Long-term debt	54	1	0	0
Short-term debt	4,376	825	6	0
Total debt	4,430	826	6	0

Financial ratios

5-year trend

EBITDA margin

32.5 %

20222025

Equity ratio

59.7 %

Strong

Among the 40% highest rated companies in the industry

20222025

Return on equity

74.2 %

Very strong

Among the 20% highest rated companies in the industry

20222025

Net profit margin

24.0 %

Very strong

Among the 10% highest rated companies in the industry

20222025

Asset turnover

1.85×

Average

Around the average of companies in the same industry

20222025

Debt / equity

0.67×

Strong

Among the 40% highest rated companies in the industry

20222025

Sector performance

28 of 28 ratios graded

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

Profitability

Gross marginVery strong

Among the 20% highest 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 marginVery strong

Among the 10% highest 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 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 20% 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 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 equityAverage

Around the average of companies in the same 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 capitalAverage

Around the average of companies in the same 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 30% highest rated companies in the industry

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

Debt & solvency

Solidity ratioStrong

Among the 40% highest 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 ratioStrong

Among the 30% 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 equityStrong

Among the 40% highest rated companies in the 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 10% 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 20% 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 turnoverAverage

Around the average of companies in the same industry

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

Inventory turnoverVery weak

Among the 10% lowest rated companies in the industry

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 capitalVery strong

Among the 10% 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 weak

Among the 10% lowest rated companies in the industry

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 2022-08-15 – 2022-12-31
View PDF

People & ownership

Management

Actively employed in the business

Name	Role	Member since
Current (1)
AS Alexander Skaar Chief Executive Officer	Chief Executive Officer	2026

Former (2)


SO Sebastian Otto Frost Nyquist Chief Executive Officer	Chief Executive Officer	2024 – 2026
AL Anders Linden Nyquist Chief Executive Officer	Chief Executive Officer	2022 – 2024

Board of directors

Non-executive oversight

Name	Role	Member since
Current (1)
AD Alexander Douglas Frost Nyquist Chairman	Chairman	2024

Former (1)


AL Anders Linden Nyquist Chairman	Chairman	2022 – 2024

Shareholders

Active legal owners

No shareholder data available.

One in three Danish companies experiences fraud

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Related companies

Company hierarchy

No registered parent or subsidiaries

Board network connections

Board members of Frostec AS also hold positions in 19 other companies.

Person	Role here	Other companies
Alexander Douglas Frost Nyquist	Chairman	6 companiesMany roles
Alexander Skaar	Chief Executive Officer	5 companies
Sebastian Otto Frost Nyquist	Chief Executive Officer	5 companies
Anders Linden Nyquist	Chief Executive Officer	3 companies

Frequently asked questions

What is the Org number of Frostec AS?

Frostec AS is registered with Brønnøysundsregistrene under Org 930093777.

What is the revenue of Frostec AS?

Frostec AS reported revenue of NOK 20.3m in 2025.

How many employees does Frostec AS have?

Frostec AS employs 22 people as of the latest annual report.

Who is the CEO of Frostec AS?

Alexander Skaar is the CEO of Frostec AS, in role since 2026.

Who is the chairman of Frostec AS?

Alexander Douglas Frost Nyquist chairs the board of Frostec AS, in role since 2024.

Where is Frostec AS headquartered?

Frostec AS's registered address is Bruksenhetsnummer H060 Sandekra 17.