Ferd AS
ASActiveOrg 930185930Dronning Mauds Gate 10, 0250 OsloWholesale of wood, construction materials and sanitary equipment· NACE 4683Est. 1921 · 104 years old83 employees
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Overview
Ferd AS is a Norwegian AS based in Oslo, operating in the Wholesale of wood, construction materials and sanitary equipment sector. Incorporated in 1921, the company has 83 employees and reported revenue of NOK 6.1bn in its latest annual filing.
Revenue 2025
6.1B NOK
+9% vs 2024
EBITDA margin
92.2 %
+8% vs 2024
Net profit 2025
5.4B NOK
+6% vs 2024
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
92.1 %
Very strongAmong the 20% highest rated companies in the industry
20212025
Liquidity ratioCurrent assets ÷ Short-term debt
8.3×
Very strongAmong the 20% highest rated companies in the industry
20212025
Return on assets (ROA)Net profit ÷ Total assets × 100
9.2 %
StrongAmong the 40% highest rated companies in the industry
20212025
EBITDA — year on year
NOK millionsKey figures
Annual report 2025| Revenue | 6.1B NOK | +9% |
| EBITDA | 5.6B NOK | +8% |
| Net profit | 5.4B NOK | +6% |
| Total assets | 58.4B NOK | +9% |
| Equity | 53.8B NOK | +9% |
| Employees | 83 | — |
Company information
Legal name
FERD AS
Org number
930185930
Legal form
Aksjeselskap
NACE code
Founded
26 October 1921 · 104 years
Share capital
NOK 183,267,630
Employees
83 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2025-12-31
Financial year
January – December
Address
Dronning Mauds Gate 10, 0250 Oslo
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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), Ferd AS reported revenue of NOK 6.1bn, an increase of 9% 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 5.4bn, and the EBITDA margin stood at 92.2%.
At the end of 2025, equity financed 92.1% of the balance sheet, and current assets covered short-term debt 8.3 times.
Financials
Revenue
NOK millionsEBITDA
NOK millionsIncome statement
NOK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 6,059,000 | 5,575,000 | 4,266,000 | 4,310,000 | 7,489,000 |
| Staff expenses | -0 | -313,000 | -235,000 | -80,000 | -348,000 |
| EBITDA | 5,589,000 | 5,175,000 | 3,935,000 | -4,474,000 | 7,094,000 |
| Depreciation & amort. | -29,000 | -0 | -0 | -0 | -0 |
| EBIT | 5,560,000 | 5,175,000 | 3,935,000 | -4,474,000 | 7,094,000 |
| Net financials | -160,000 | 17,000 | -52,000 | 95,000 | 4,000 |
| Profit before tax | 5,400,000 | 5,192,000 | 3,883,000 | -4,379,000 | 7,098,000 |
| Tax | -0 | 116,000 | 51,000 | 90,000 | -80,000 |
| Net profit | 5,382,000 | 5,076,000 | 3,832,000 | -4,469,000 | 7,178,000 |
Balance sheet
NOK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total assets | 58,414,000 | 53,641,000 | 48,437,000 | 44,327,000 | 50,011,000 |
| Equity | 53,816,000 | 49,271,000 | 44,669,000 | 41,808,000 | 46,933,000 |
| Long-term debt | 1,723,000 | 1,744,000 | 1,631,000 | 899,000 | 721,000 |
| Short-term debt | 2,795,000 | 2,556,000 | 2,083,000 | 1,574,000 | 2,307,000 |
| Total debt | 4,518,000 | 4,300,000 | 3,714,000 | 2,473,000 | 3,028,000 |
Financial ratios
5-year trendEBITDA margin
92.2 %
20212025
Equity ratio
92.1 %
Very strongAmong the 20% highest rated companies in the industry
20212025
Return on equity
10.0 %
AverageAround the average of companies in the same industry
20212025
Net profit margin
88.8 %
Very strongAmong the 10% highest rated companies in the industry
20212025
Asset turnover
0.10×
WeakAmong the 30% lowest rated companies in the industry
20212025
Debt / equity
0.09×
Very strongAmong the 10% highest rated companies in the industry
20212025
Sector performance
27 of 28 ratios graded28 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)Average
Around the average of companies in the same industry
Net profit as a percentage of equity — the return the owners earned on their invested capital this year.
Return on assets (ROA)Strong
Among the 40% 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)Average
Around the average of companies in the same 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 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 ratioVery strong
Among the 20% highest 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 ratioVery strong
Among the 20% 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 30% 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 equityVery strong
Among the 20% highest 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 ratioVery strong
Among the 20% 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 ratioVery strong
Among the 10% 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 equityVery strong
Among the 10% 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 equityVery strong
Among the 20% highest 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 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 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 turnoverWeak
Among the 30% lowest rated companies in the industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
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 equityStrong
Among the 40% highest rated companies in the industry
The size of this year's increase or decrease in the company's equity.
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.
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) | ||
MB Chief Executive Officer | Chief Executive Officer | 2017 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (7) | ||
MB Board of Directors | Board of Directors | 2017 |
JH Chairman | Chairman | 2017 |
RK Board of Directors | Board of Directors | 2025 |
JH Board of Directors | Board of Directors | 2025 |
EC Board of Directors | Board of Directors | 2017 |
TE Board of Directors | Board of Directors | 2017 |
JR Board of Directors | Board of Directors | 2025 |
Former (1)
GS Board of Directors | Board of Directors | 2017 – 2022 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 100% | 100% | 2020 |
Related companies
Company hierarchy
Ferd Holding As100%
Ferd AS (this company)Startuplab Founders Fund Ii As13.5263% ownedBrevio As7.8571% ownedLucidtech As5.0478% ownedFoodspace AS5.4304% ownedAge Labs As6.2145% ownedEdinsights AS6.5687% ownedScrimba Holding As6.7082% ownedGlobus Holding As7.9046% ownedAbler Nordic GP V AS16.129% ownedMomentum Ii As13.1234% ownedRemora Robotics As17.2959% owned7analytics As10.5345% ownedTequs As12.0638% ownedPascal Technologies As16.7746% ownedOsc As16.0578% ownedNofence As10.5269% ownedGlint Solar As8.5776% ownedCharging As10.8126% ownedGeoproceeds AS18.8466% ownedAS Norse Crown Company LTD100% ownedCloudberry Clean Energy Asa11.1455% ownedCloudberry Production As100% ownedCloudberry Production Ii As100% ownedCloudberry Develop As100% ownedCaptiva Asset Management As100% ownedMunkene AS18.4247% ownedAbler Nordic As14.2092% ownedChess Mates Capital AS100% ownedShoreline As9.1557% ownedFlow Us Holding AS58.2118% ownedStartuplab Founders Fund Iv As6.6534% ownedCutting Room AS5.643% ownedSmartwatt AS5.2646% ownedOver Easy Solar As5.725% ownedEasyx AS5.2744% ownedAnkerdb AS5.8543% ownedWewillwrite AS7.7938% ownedTigeni AS6.9656% ownedShapemaker AS5.06% ownedBotanist AS9.009% ownedMasterchannel As8.8948% ownedElevate Ocean As6.6669% ownedOncosyne AS5.9346% ownedSirk AS6.764% ownedFlow Technologies AS6.334% ownedInstaller AS6.7029% ownedReprice AS5.3828% ownedInfraspace AS8.5268% ownedCounting Hero As7.9834% ownedVersiro As7.8958% ownedMitigrate As6.6593% ownedInsert Logic As8.3617% ownedAkigai AS5.0389% ownedVilda AS10.8216% ownedSurfact As5.3785% ownedBevart As7.1834% ownedLybe Scientific As12.945% ownedOsirion As9.6929% ownedF3nice As7.508% ownedDebattene Om Norges Fremtid AS100% ownedWind Catching Systems As23.7891% ownedWind Catching Demo AS100% ownedWind Catching Development AS100% ownedEnergy Ventures Ii AS91.5828% ownedAxif 13 AS77.2078% ownedFerd Eiendom As100% ownedFe Holding 19 AS50% ownedBråtejordet Tomteselskap AS80% ownedTrekantkvartalet AS100% ownedFe Holding 22 AS100% ownedFerd Eiendom Logistikk Holding As100% ownedHamangskogen 10 AS100% ownedVitaminveien 1b Holding As100% ownedStokkamyr Holding As100% ownedØstensjøveien 16 AS100% ownedKleivveien Utvikling AS100% ownedGladengveien Utvikling AS100% ownedFe Holding 21 AS100% ownedStorhove Næringsbygg AS100% ownedMarienlyst Byutvikling As100% ownedJoh. H. Andresens Vei 5 AS100% ownedTiedemannsfabrikken AS50% ownedFerd Eiendomsinvest AS100% ownedHieronymus Heyerdahls Gate 1 Holding As100% ownedBergerveien 12 As100% ownedMarienlyst Utvikling AS100% ownedLensmannslia Asker AS100% ownedTiedemannsbyen Næring AS100% ownedSanderveien 18 AS100% ownedTrekanttomten Utvikling AS92% ownedKringkastingshuset AS100% ownedFe Holding 20 AS100% ownedFe Holding 23 AS100% ownedMarkalleen Utvikling AS100% ownedRabekkgata 4-6 AS50% ownedKunstblokka På Romsås AS100% ownedAbler Nordic GP Iv AS11.044% ownedMotitech AS21.2598% ownedEv Private Equity Iii AS25% ownedStartuplab Founders Fund Iii As10.5798% ownedVölur Nor Holdco AS6.0415% ownedCubit AS6.0218% ownedEmerald Geomodelling As7.7668% ownedMobai As6.98% ownedSeafood7 As7.1856% ownedZendera As5.9106% ownedGire As5.2549% ownedSoundsensing As5.227% ownedNordic Brain Tech As7.4424% ownedCompax Solutions As6.6199% ownedGrin AS5.2603% ownedFoodsoft As6.0698% ownedCleria AS12.5% ownedTempogene As8.2798% ownedDplan Project AS8.3048% ownedNorwegian Microfinance Initiative AS12.5% ownedBoard network connections
Board members of Ferd AS also hold positions in 99 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Erik Carl Rosness | Board of Directors | 39 companiesMany roles |
| Johan Henrik Andresen | Chairman | 15 companiesMany roles |
| Morten Borge | Chief Executive Officer | 14 companiesMany roles |
| Jannike Rosén | Board of Directors | 13 companiesMany roles |
| Janne Hagen Lygren | Board of Directors | 12 companiesMany roles |
| Tom Erik Myrland | Board of Directors | 5 companies |
| Gry Skorpen | Board of Directors | 1 company |
Frequently asked questions
What is the Org number of Ferd AS?
Ferd AS is registered with Brønnøysundsregistrene under Org 930185930.
What is the revenue of Ferd AS?
Ferd AS reported revenue of NOK 6.1bn in 2025.
How many employees does Ferd AS have?
Ferd AS employs 83 people as of the latest annual report.
Who is the CEO of Ferd AS?
Morten Borge is the CEO of Ferd AS, in role since 2017.
Who is the chairman of Ferd AS?
Johan Henrik Andresen chairs the board of Ferd AS, in role since 2017.
Where is Ferd AS headquartered?
Ferd AS's registered address is Dronning Mauds Gate 10.