Project Luminara 1 AS
ASActiveOrg 933824713Karenslyst Allé 6, 0278 OsloEconomic activity was not specified by tax authority· NACE 0000Est. 2024 · 2 years old0 employees
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Overview
Project Luminara 1 AS is a Norwegian AS based in Oslo, operating in the Economic activity was not specified by tax authority sector. Incorporated in 2024, the company has 0 employees and reported revenue of NOK 1.8m in its latest annual filing.
Revenue 2025
1.8M NOK
EBITDA margin
−282.0 %
−94% vs 2024
Net profit 2025
-5.7M NOK
-113% vs 2024
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
-42.5 %
Very weakAmong the 10% lowest rated companies in the industry
20242025
Liquidity ratioCurrent assets ÷ Short-term debt
29.2×
StrongAmong the 30% highest rated companies in the industry
20242025
Return on assets (ROA)Net profit ÷ Total assets × 100
-29.0 %
Very weakAmong the 10% lowest rated companies in the industry
20242025
EBITDA — year on year
NOK thousandsKey figures
Annual report 2025| Revenue | 1.8M NOK | — |
| EBITDA | -5.2M NOK | -94% |
| Net profit | -5.7M NOK | -113% |
| Total assets | 19.7M NOK | +13713% |
| Equity | -8.4M NOK | -215% |
| Employees | 0 | — |
Company information
Legal name
PROJECT LUMINARA 1 AS
Org number
933824713
Legal form
Aksjeselskap
NACE code
Founded
1 June 2024 · 2 years
Share capital
NOK 30,000
Employees
0 (FTE)
VAT registered
No
Audit selected
No
Last report
2025-12-31
Financial year
January – December
Signatory rights
Styrets leder alene.
Company purpose
Drive virksomhet innenfor utvikling og investering i andre selskaper og alt som står i forbindelse med de forannevnte virksomheter.
(no translation available)
Address
Karenslyst Allé 6, 0278 Oslo
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Financial development
In its most recent annual report (2025), Project Luminara 1 AS reported revenue of NOK 1.8m. The figures on this page draw on 2 annual filings covering 2024 to 2025. The bottom line showed a net loss of NOK 5.7m, and the EBITDA margin stood at -282%.
At the end of 2025, current assets covered short-term debt 29.2 times.
Financials
Revenue
NOK thousandsEBITDA
NOK thousandsIncome statement
NOK thousands| Item | 2025 | 2024 |
|---|---|---|
| Revenue | 1,843 | 0 |
| Staff expenses | -0 | -0 |
| EBITDA | -5,196 | -2,673 |
| Depreciation & amort. | -0 | -0 |
| EBIT | -5,196 | -2,673 |
| Net financials | -516 | -12 |
| Profit before tax | -5,712 | -2,685 |
| Tax | -0 | -0 |
| Net profit | -5,712 | -2,685 |
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Balance sheet
NOK thousands| Item | 2025 | 2024 |
|---|---|---|
| Total assets | 19,683 | 142 |
| Equity | -8,373 | -2,661 |
| Long-term debt | 28,017 | 0 |
| Short-term debt | 39 | 2,804 |
| Total debt | 28,056 | 2,804 |
Financial ratios
5-year trendEBITDA margin
-282.0 %
20242025
Equity ratio
-42.5 %
Very weakAmong the 10% lowest rated companies in the industry
20242025
Return on equity
—
20242025
Net profit margin
-310.0 %
Very weakAmong the 10% lowest rated companies in the industry
20242025
Asset turnover
0.09×
Very strongAmong the 10% highest rated companies in the industry
20242025
Debt / equity
—
20242025
Sector performance
21 of 28 ratios graded28 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 marginVery weak
Among the 20% 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 marginVery weak
Among the 10% 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 10% 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)Very weak
Among the 10% lowest 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.
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 ratioStrong
Among the 30% 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 ratioStrong
Among the 30% 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 ratioVery strong
Among the 20% highest rated companies in the industry
Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.
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 ratioAverage
Around the average of companies in the same 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.
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 debtVery weak
Among the 20% lowest rated companies in the industry
Profit relative to debt — the ability to create earnings while operating with debt.
EBITDA to debtWeak
Among the 40% lowest rated companies in the industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest coverageWeak
Among the 40% lowest rated companies in the industry
The ability to pay the interest on the company's debt out of its earnings.
Interest rate on debtVery weak
Among the 20% 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 10% 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 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.
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
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (1) | ||
BO Chief Executive Officer | Chief Executive Officer | 2024 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (1) | ||
EV Chairman | Chairman | 2025 |
Former (2)
KB Chairman | Chairman | 2024 – 2024 |
ED Chairman | Chairman | 2024 – 2025 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 100% | 100% | 2024 |
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Company hierarchy
Magnora Asa
Project Luminara 1 AS Board network connections
Board members of Project Luminara 1 AS also hold positions in 375 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Kristian Brekke Djuve | Chairman | 320 companiesMany roles |
| Erik Daylemani Sneve | Chairman | 27 companiesMany roles |
| Bård Olsen | Chief Executive Officer | 22 companiesMany roles |
| Espen Vatne Erdal | Chairman | 6 companiesMany roles |
Frequently asked questions
What is the Org number of Project Luminara 1 AS?
Project Luminara 1 AS is registered with Brønnøysundsregistrene under Org 933824713.
What is the revenue of Project Luminara 1 AS?
Project Luminara 1 AS reported revenue of NOK 1.8m in 2025.
Who is the CEO of Project Luminara 1 AS?
Bård Olsen is the CEO of Project Luminara 1 AS.
Who is the chairman of Project Luminara 1 AS?
Espen Vatne Erdal chairs the board of Project Luminara 1 AS, in role since 2025.
Where is Project Luminara 1 AS headquartered?
Project Luminara 1 AS's registered address is Karenslyst Allé 6.