Future Waves AS
ASActiveOrg 934359232Austadveien 2, 3043 DrammenWholesale of china and glassware and cleaning materials· NACE 4644Est. 2024 · 2 years old1-4 employees
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Overview
Future Waves AS is a Norwegian AS based in Drammen, operating in the Wholesale of china and glassware and cleaning materials sector. Incorporated in 2024, the company reported revenue of NOK 5.0m in its latest annual filing.
Revenue 2025
5M NOK
EBITDA margin
−56.4 %
−6738% vs 2024
Net profit 2025
-2.8M NOK
-8616% vs 2024
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
93.4 %
Very strongAmong the 20% highest rated companies in the industry
20242025
Liquidity ratioCurrent assets ÷ Short-term debt
14.0×
Very strongAmong the 10% highest rated companies in the industry
20242025
Return on assets (ROA)Net profit ÷ Total assets × 100
-60.9 %
Very weakAmong the 10% lowest rated companies in the industry
20242025
EBITDA — year on year
NOK thousandsKey figures
Annual report 2025| Revenue | 5M NOK | — |
| EBITDA | -2.8M NOK | -6738% |
| Net profit | -2.8M NOK | -8616% |
| Total assets | 4.6M NOK | +489% |
| Equity | 4.3M NOK | +6769% |
| Employees | — | — |
Company information
Legal name
FUTURE WAVES AS
Org number
934359232
Legal form
Aksjeselskap
NACE code
Founded
18 September 2024 · 2 years
Share capital
NOK 132,755
Employees
1-4
VAT registered
Yes
Audit selected
No
Last report
2025-12-31
Financial year
January – December
Signatory rights
Styrets leder og ett styremedlem i fellesskap.
Company purpose
Å fremme produksjon og distribusjon av regenerative løsninger for å redusere skadelig miljøpåvirkning og skape positive sosiale og miljømessige ringvirkninger. Prosjektene vi deltar i, skal kunne ha dokumentert miljømessig effekt, og selskapet skal prioritere prosjekter med svært gode og effektive miljømessige og sosiale ringvirkninger. Vi er også positive til prosjekter som fokuserer på holdningsendringer. Selskapet skal drives etter følgende prinsipper 1. Selskapet skal levere dokumentert miljømessig effekt 2. Selskapet skal levere dokumentert sosial effekt 3. Selskapet skal sikre vekst og økonomisk avkastning til aksjonærer ved konflikt mellom 1), 2) og 3), skal 1) og 2) ha forrang (i den rekkefølgen).
(no translation available)
Address
Austadveien 2, 3043 Drammen
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Financial development
In its most recent annual report (2025), Future Waves AS reported revenue of NOK 5.0m. The figures on this page draw on 2 annual filings covering 2024 to 2025. The bottom line showed a net loss of NOK 2.8m, and the EBITDA margin stood at -56.4%.
At the end of 2025, equity financed 93.4% of the balance sheet, and current assets covered short-term debt 14 times.
Financials
Revenue
NOK thousandsEBITDA
NOK thousandsIncome statement
NOK thousands| Item | 2025 | 2024 |
|---|---|---|
| Revenue | 4,971 | 0 |
| Staff expenses | -321 | -0 |
| EBITDA | -2,804 | -41 |
| Depreciation & amort. | -37 | -0 |
| EBIT | -2,841 | -41 |
| Net financials | 53 | 0 |
| Profit before tax | -2,787 | -41 |
| Tax | -0 | -9 |
| Net profit | -2,787 | -32 |
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Balance sheet
NOK thousands| Item | 2025 | 2024 |
|---|---|---|
| Total assets | 4,578 | 777 |
| Equity | 4,275 | 62 |
| Long-term debt | 0 | 525 |
| Short-term debt | 303 | 190 |
| Total debt | 303 | 715 |
Financial ratios
5-year trendEBITDA margin
-56.4 %
20242025
Equity ratio
93.4 %
Very strongAmong the 20% highest rated companies in the industry
20242025
Return on equity
-65.2 %
Very weakAmong the 10% lowest rated companies in the industry
20242025
Net profit margin
-56.1 %
Very weakAmong the 10% lowest rated companies in the industry
20242025
Asset turnover
1.09×
AverageAround the average of companies in the same industry
20242025
Debt / equity
0.07×
Very strongAmong the 10% highest rated companies in the industry
20242025
Sector performance
27 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 marginVery weak
Among the 10% 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 equity (ROE)Very weak
Among the 10% lowest 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 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.
Return on net assets (RONA)Very weak
Among the 10% lowest 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 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 ratioWeak
Among the 30% lowest 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 10% 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 10% 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 10% 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 equityStrong
Among the 30% 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 capitalStrong
Among the 40% highest 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 weak
Among the 10% lowest rated companies in the industry
Profit relative to debt — the ability to create earnings while operating with debt.
EBITDA to debtVery weak
Among the 10% lowest rated companies in the industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest coverageVery weak
Among the 10% lowest 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 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 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.
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.
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 10% 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
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (1) | ||
AH Chief Executive Officer | Chief Executive Officer | 2024 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (5) | ||
AH Board of Directors | Board of Directors | 2025 |
BL Board of Directors | Board of Directors | 2024 |
KH Chairman | Chairman | 2025 |
AB Board of Directors | Board of Directors | 2024 |
AM Board of Directors | Board of Directors | 2025 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 62.82% | 62.82% | 2025 | |
| Company | 12.24% | 12.24% | 2025 | |
| Company | 7.71% | 7.71% | 2025 | |
| Company | 5.75% | 5.75% | 2025 | |
| Company | 3.77% | 3.77% | 2025 | |
| Company | 3.01% | 3.01% | 2025 | |
| Company | 1.88% | 1.88% | 2025 | |
| Company | 1.51% | 1.51% | 2025 |
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Company hierarchy
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Future Waves AS (this company)Board network connections
Board members of Future Waves AS also hold positions in 61 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Alexander Huitfeldt Bakke | Chief Executive Officer | 34 companiesMany roles |
| Bent-Håkon Lauritzen | Board of Directors | 11 companiesMany roles |
| Knut Harald Aas Jacobsen | Chairman | 8 companiesMany roles |
| Arild Bjørn-Larsen | Board of Directors | 7 companiesMany roles |
| Anne Mari Hoff | Board of Directors | 1 company |
Frequently asked questions
What is the Org number of Future Waves AS?
Future Waves AS is registered with Brønnøysundsregistrene under Org 934359232.
What is the revenue of Future Waves AS?
Future Waves AS reported revenue of NOK 5.0m in 2025.
Who is the CEO of Future Waves AS?
Alexander Huitfeldt Bakke is the CEO of Future Waves AS.
Who is the chairman of Future Waves AS?
Knut Harald Aas Jacobsen chairs the board of Future Waves AS, in role since 2025.
Where is Future Waves AS headquartered?
Future Waves AS's registered address is Austadveien 2.