Grilstad AS
ASActiveOrg 937070632Ranheimsvegen 129, 7053 RanheimProduction of meat and poultry meat products· NACE 1013Est. 1984 · 41 years old483 employees
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Overview
Grilstad AS is a Norwegian AS based in Ranheim, operating in the Production of meat and poultry meat products sector. Incorporated in 1984, the company has 483 employees and reported revenue of NOK 2.1bn in its latest annual filing.
Revenue 2025
2.1B NOK
+8% vs 2024
EBITDA margin
5.8 %
+13% vs 2024
Net profit 2025
0.1B NOK
+9% vs 2024
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
66.1 %
StrongAmong the 40% highest rated companies in the industry
20212025
Liquidity ratioCurrent assets ÷ Short-term debt
2.0×
AverageAround the average of companies in the same industry
20212025
Return on assets (ROA)Net profit ÷ Total assets × 100
7.2 %
StrongAmong the 40% highest rated companies in the industry
20212025
EBITDA — year on year
NOK millionsKey figures
Annual report 2025| Revenue | 2.1B NOK | +8% |
| EBITDA | 0.1B NOK | +13% |
| Net profit | 0.1B NOK | +9% |
| Total assets | 1.3B NOK | +3% |
| Equity | 0.8B NOK | +4% |
| Employees | 483 | — |
Company information
Legal name
GRILSTAD AS
Org number
937070632
Legal form
Aksjeselskap
NACE code
Founded
1 November 1984 · 41 years
Share capital
NOK 155,000,000
Employees
483 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2025-12-31
Financial year
January – December
Signatory rights
Selskapets firma skal tegnes av styrets leder og dagligleder i fellesskap, eller hver av disse i fellesskap med ett styremedlem.
Company purpose
Handel, industri, investering i fast eiendom inkludert jordbruk og skogbruk samt investering i verdipapirer og deltakelse i andre selskaper eller virksomheter.
(no translation available)
Address
Ranheimsvegen 129, 7053 Ranheim
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Financial development
In its most recent annual report (2025), Grilstad AS reported revenue of NOK 2.1bn, an increase of 8% 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 91.4m, and the EBITDA margin stood at 5.8%.
At the end of 2025, equity financed 66.1% of the balance sheet, and current assets covered short-term debt 2 times.
Financials
Revenue
NOK millionsEBITDA
NOK millionsIncome statement
NOK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 2,129,397 | 1,968,061 | 1,861,465 | 1,671,474 | 1,574,466 |
| Staff expenses | -366,792 | -346,498 | -317,318 | -282,740 | -276,731 |
| EBITDA | 123,245 | 109,258 | 87,874 | 132,916 | 174,812 |
| Depreciation & amort. | -0 | -0 | -0 | -0 | -45,285 |
| EBIT | 123,245 | 109,258 | 87,874 | 132,916 | 129,527 |
| Net financials | -5,960 | -1,724 | -6,763 | -1,872 | -764 |
| Profit before tax | 117,285 | 107,534 | 81,112 | 131,044 | 128,763 |
| Tax | 25,934 | 23,552 | 17,339 | 29,099 | 28,258 |
| Net profit | 91,352 | 83,982 | 63,772 | 101,945 | 100,505 |
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Balance sheet
NOK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total assets | 1,275,119 | 1,237,670 | 1,207,843 | 1,096,387 | 977,492 |
| Equity | 843,332 | 810,030 | 803,856 | 778,276 | 694,927 |
| Long-term debt | -15,865 | 100,683 | 111,828 | 99,229 | 60,283 |
| Short-term debt | 307,019 | 311,539 | 275,009 | 209,495 | 211,466 |
| Total debt | 415,922 | 412,222 | 386,837 | 308,724 | 271,749 |
Financial ratios
5-year trendEBITDA margin
5.8 %
20212025
Equity ratio
66.1 %
StrongAmong the 40% highest rated companies in the industry
20212025
Return on equity
10.8 %
AverageAround the average of companies in the same industry
20212025
Net profit margin
4.3 %
AverageAround the average of companies in the same industry
20212025
Asset turnover
1.67×
StrongAmong the 40% highest rated companies in the industry
20212025
Debt / equity
0.51×
StrongAmong the 40% highest rated companies in the industry
20212025
Sector performance
28 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 marginAverage
Around the average of companies in the same 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 marginAverage
Around the average of companies in the same 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 ratioStrong
Among the 30% 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 ratioVery weak
Among the 20% 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 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 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 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 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 equityStrong
Among the 40% 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 debtStrong
Among the 40% highest rated companies in the industry
Profit relative to debt — the ability to create earnings while operating with debt.
EBITDA to debtStrong
Among the 30% highest rated companies in the industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest coverageStrong
Among the 40% 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 turnoverStrong
Among the 40% highest rated companies in the industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
Inventory turnoverStrong
Among the 30% highest 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 capitalAverage
Around the average of companies in the same industry
Total equity relative to the capital the owners contributed — how the equity has developed from its starting point.
One-year change in equityAverage
Around the average of companies in the same 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.
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 (5) | ||
AR Deputy Member | Deputy Member | 2021 |
GO Deputy Member | Deputy Member | 2021 |
TS Chief Executive Officer | Chief Executive Officer | 2024 |
AJ Deputy Member | Deputy Member | 2022 |
SH Deputy Member | Deputy Member | 2021 |
Former (8)
CN Observer | Observer | 2022 – 2024 |
TF Deputy Member | Deputy Member | 2020 – 2021 |
MS Deputy Member | Deputy Member | 2020 – 2021 |
NR Deputy Member | Deputy Member | 2021 – 2024 |
MS Deputy Member | Deputy Member | 2020 – 2021 |
JN Chief Executive Officer | Chief Executive Officer | 2018 – 2024 |
LT Deputy Member | Deputy Member | 2020 – 2021 |
JB Deputy Member | Deputy Member | 2020 – 2022 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (8) | ||
CN Board of Directors | Board of Directors | 2024 |
VH Board of Directors | Board of Directors | 2021 |
SB Board of Directors | Board of Directors | 2022 |
AR Chairman | Chairman | 2020 |
DR Board of Directors | Board of Directors | 2020 |
ØM Board of Directors | Board of Directors | 2020 |
EB Board of Directors | Board of Directors | 2020 |
FS Board of Directors | Board of Directors | 2026 |
Former (5)
BJ Board of Directors | Board of Directors | 2020 – 2021 |
AJ Board of Directors | Board of Directors | 2020 – 2022 |
NR Board of Directors | Board of Directors | 2020 – 2021 |
GH Board of Directors | Board of Directors | 2024 – 2026 |
LT Board of Directors | Board of Directors | 2021 – 2024 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 100% | 100% | 2020 |
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Related companies
Company hierarchy
Jenssen Holding As
Grilstad AS Board network connections
Board members of Grilstad AS also hold positions in 222 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Sophie Bodd Jenssen | Board of Directors | 41 companiesMany roles |
| Anton Jenssen | Deputy Member | 31 companiesMany roles |
| Gunnar Hovland | Board of Directors | 31 companiesMany roles |
| Narve Reiten | Deputy Member | 17 companiesMany roles |
| Asbjørn Reinkind | Chairman | 17 companiesMany roles |
| Julie Bodd Jenssen | Deputy Member | 16 companiesMany roles |
| Dan Rønning | Board of Directors | 12 companiesMany roles |
| Caroline Nerlien Jenssen | Observer | 10 companiesMany roles |
| Jørgen Nicolay Wiig | Chief Executive Officer | 10 companiesMany roles |
| Line Tønnessen | Deputy Member | 9 companiesMany roles |
| Terje Sørnes | Chief Executive Officer | 7 companiesMany roles |
| Øivind Moen | Board of Directors | 4 companies |
| Fredrik Strømmen | Board of Directors | 3 companies |
| Arnfinn Rosenvinge | Deputy Member | 2 companies |
| Silje Helen Sandø | Deputy Member | 2 companies |
| Mona Solbakk Iversen | Deputy Member | 2 companies |
| Bjørn Johansen | Board of Directors | 2 companies |
| Vigdis Hansen | Board of Directors | 2 companies |
| Geir Ove Risnes | Deputy Member | 1 company |
| Torbjørn Føll | Deputy Member | 1 company |
| Marius Sundberg | Deputy Member | 1 company |
| Espen Bendiksen | Board of Directors | 1 company |
Frequently asked questions
What is the Org number of Grilstad AS?
Grilstad AS is registered with Brønnøysundsregistrene under Org 937070632.
What is the revenue of Grilstad AS?
Grilstad AS reported revenue of NOK 2.1bn in 2025.
How many employees does Grilstad AS have?
Grilstad AS employs 483 people as of the latest annual report.
Who is the CEO of Grilstad AS?
Terje Sørnes is the CEO of Grilstad AS, in role since 2024.
Who is the chairman of Grilstad AS?
Asbjørn Reinkind chairs the board of Grilstad AS, in role since 2020.
Where is Grilstad AS headquartered?
Grilstad AS's registered address is Ranheimsvegen 129.