Sandnes Garn Fabrikkutsalg AS
ASActiveOrg 934609921Kvernelandsveien 126, 4323 SandnesRetail sale of textiles· NACE 4751Est. 2024 · 1 year old13 employees
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Overview
Sandnes Garn Fabrikkutsalg AS is a Norwegian AS based in Sandnes, operating in the Retail sale of textiles sector. Incorporated in 2024, the company has 13 employees and reported revenue of NOK 18.0m in its latest annual filing.
Revenue 2025
18M NOK
EBITDA margin
12.9 %
Net profit 2025
1.8M NOK
13 employees
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
43.1 %
AverageAround the average of companies in the same industry
20252025
Liquidity ratioCurrent assets ÷ Short-term debt
1.7×
AverageAround the average of companies in the same industry
20252025
Return on assets (ROA)Net profit ÷ Total assets × 100
40.8 %
Very strongAmong the 10% highest rated companies in the industry
20252025
EBITDA — year on year
NOK thousandsKey figures
Annual report 2025| Revenue | 18M NOK | — |
| EBITDA | 2.3M NOK | — |
| Net profit | 1.8M NOK | — |
| Total assets | 4.3M NOK | — |
| Equity | 1.9M NOK | — |
| Employees | 13 | — |
Company information
Legal name
SANDNES GARN FABRIKKUTSALG AS
Org number
934609921
Legal form
Aksjeselskap
NACE code
4751 · Retail sale of textiles
Founded
4 November 2024 · 1 year
Share capital
NOK 100,000
Employees
13 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2025-12-31
Financial year
January – December
Signatory rights
Styrets leder alene.
Company purpose
Drift av sandnes garn as sitt fabrikkutsalg og butikkdrift generelt.
(no translation available)
Address
Kvernelandsveien 126, 4323 Sandnes
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Financial development
In its most recent annual report (2025), Sandnes Garn Fabrikkutsalg AS reported revenue of NOK 18.0m. The bottom line showed a net profit of NOK 1.8m, and the EBITDA margin stood at 12.9%.
At the end of 2025, equity financed 43.1% of the balance sheet, and current assets covered short-term debt 1.7 times.
Financials
Revenue
NOK millionsEBITDA
NOK thousandsIncome statement
NOK thousands| Item | 2025 |
|---|---|
| Revenue | 18,038 |
| Staff expenses | -5,114 |
| EBITDA | 2,329 |
| Depreciation & amort. | -57 |
| EBIT | 2,272 |
| Net financials | -2 |
| Profit before tax | 2,271 |
| Tax | 495 |
| Net profit | 1,776 |
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Balance sheet
NOK thousands| Item | 2025 |
|---|---|
| Total assets | 4,350 |
| Equity | 1,876 |
| Long-term debt | 0 |
| Short-term debt | 2,473 |
| Total debt | 2,473 |
Financial ratios
5-year trendEBITDA margin
12.9 %
20252025
Equity ratio
43.1 %
AverageAround the average of companies in the same industry
20252025
Return on equity
94.7 %
Very strongAmong the 10% highest rated companies in the industry
20252025
Net profit margin
9.8 %
StrongAmong the 30% highest rated companies in the industry
20252025
Asset turnover
4.15×
Very strongAmong the 20% highest rated companies in the industry
20252025
Debt / equity
1.32×
AverageAround the average of companies in the same industry
20252025
Sector performance
24 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Gross marginAverage
Around the average of companies in the same 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 20% 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 marginStrong
Among the 30% 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 10% 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 10% 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 ratioWeak
Among the 40% lowest 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 ratioAverage
Around the average of companies in the same industry
Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.
Current assets to equityWeak
Among the 40% 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.
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 ratioStrong
Among the 40% highest rated companies in the industry
Cash flow relative to profit — the ability to convert reported profits into accessible cash.
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 ratioAverage
Around the average of companies in the same 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 debtNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.
Interest marginNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
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 20% highest rated companies in the industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
Inventory turnoverAverage
Around the average of companies in the same 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 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 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.
One-year change in debtNot 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 debt.
Annual reports & filings
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (1) | ||
HM Chief Executive Officer | Chief Executive Officer | 2026 |
Former (1)
LW Chief Executive Officer | Chief Executive Officer | 2024 – 2026 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (2) | ||
HM Chairman | Chairman | 2024 |
SE Board of Directors | Board of Directors | 2024 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 100% | 100% | 2025 |
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Related companies
Company hierarchy
Sandnes Uldvarefabrik As
Sandnes Garn Fabrikkutsalg AS Board network connections
Board members of Sandnes Garn Fabrikkutsalg AS also hold positions in 34 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Harald Mjølne | Chairman | 24 companiesMany roles |
| Siv Elise Seland | Board of Directors | 6 companiesMany roles |
| Lone Wedtfald Sørensen | Chief Executive Officer | 4 companies |
Frequently asked questions
What is the Org number of Sandnes Garn Fabrikkutsalg AS?
Sandnes Garn Fabrikkutsalg AS is registered with Brønnøysundsregistrene under Org 934609921.
What is the revenue of Sandnes Garn Fabrikkutsalg AS?
Sandnes Garn Fabrikkutsalg AS reported revenue of NOK 18.0m in 2025.
How many employees does Sandnes Garn Fabrikkutsalg AS have?
Sandnes Garn Fabrikkutsalg AS employs 13 people as of the latest annual report.
Who is the CEO of Sandnes Garn Fabrikkutsalg AS?
Hanne Medhus Vestbø is the CEO of Sandnes Garn Fabrikkutsalg AS, in role since 2026.
Who is the chairman of Sandnes Garn Fabrikkutsalg AS?
Harald Mjølne chairs the board of Sandnes Garn Fabrikkutsalg AS.
Where is Sandnes Garn Fabrikkutsalg AS headquartered?
Sandnes Garn Fabrikkutsalg AS's registered address is Kvernelandsveien 126.