Follo Ren Iks
IKSActiveOrg 975804569Kveldroveien 4, 1407 VinterbroCollection of non-hazardous waste· NACE 3811Est. 1995 · 30 years old87 employeeshttps://www.folloren.no
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Overview
Follo Ren Iks is a Norwegian IKS based in Vinterbro, operating in the Collection of non-hazardous waste sector. Incorporated in 1995, the company has 87 employees and reported revenue of NOK 190.3m in its latest annual filing.
Revenue 2025
190.3M NOK
+5% vs 2024
EBITDA margin
13.8 %
+80% vs 2024
Net profit 2025
23.1M NOK
+91% vs 2024
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
18.8 %
WeakAmong the 30% lowest rated companies in the industry
20212025
Liquidity ratioCurrent assets ÷ Short-term debt
1.3×
WeakAmong the 40% lowest rated companies in the industry
20212025
Return on assets (ROA)Net profit ÷ Total assets × 100
15.3 %
Very strongAmong the 20% highest rated companies in the industry
20212025
EBITDA — year on year
NOK millionsKey figures
Annual report 2025| Revenue | 190.3M NOK | +5% |
| EBITDA | 26.2M NOK | +80% |
| Net profit | 23.1M NOK | +91% |
| Total assets | 151.6M NOK | +4% |
| Equity | 28.5M NOK | +27% |
| Employees | 87 | — |
Company information
Legal name
FOLLO REN IKS
Org number
975804569
Legal form
Interkommunalt Selskap
NACE code
Founded
13 October 1995 · 30 years
Share capital
—
Employees
87 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2025-12-31
Financial year
January – December
Signatory rights
Styrets leder og ett styremedlem i fellesskap. Daglig leder og styrets leder i fellesskap. Daglig leder og styrets nestleder og ett styremedlem i fellesskap.
Company purpose
2.1. På vegne av eierkommunene skal follo ren iks sørge for en økonomisk, helsemessig og miljømessig optimal håndtering av avfall som faller innenfor det til enhver tid gjeldende kommunale ansvarsområdet etter forurensningsloven. Follo ren iks har enerett til å samle inn og behandle det avfall som eierkommunene er lovpålagt å håndtere, jf. Forurensingsloven §§29 og 30, samt farlig avfall som samles inn fra næringslivet som kommunene er lovpålagt å ha et mottak for. Eierkommunene kan tildele enerett for eget næringsavfall som stammer fra kommunale institusjoner, skoler, barnehager mv til follo ren iks. Tjenestene skal kompenseres utifra selvkostprinsippet, iht forurensingsloven § 34. Follo ren iks har ikke erverv til formål. 2.2. Folle ren iks kan innenfor det til enhver gjeldende regelverk som selskapet er underlagt, organisere sin virksomhet på den måte selskapet finner mest hensiktsmessig for å ivareta det oppdrag follo ren iks er tildelt som enerett etter punkt 2.1 ovenfor. Selskapet kan samarbeide med andre dersom samarbeid er hensiktsmessig for en økonomisk, helsemessig og miljømessig optimal håndtering av det oppdrag follo ren iks er tildelt som enerett. Follo ren iks kan herunder inngå samarbeidsavtaler etter delegasjon av deler av enerettsoppgaven etter punkt 2.1 ovenfor, til aktuell samarbeidspart. 2.3. Folle ren iks skal være eierkommunenes kompetansesenter i avfallssaker som er omfattet av folle rens myndighetsområdet i punkt 2.1. 2.4. Follo ren iks kan utnytte ledig kapasitet og kompetanse i en naturlig forlengelse av det primære formålet. Slik virksomhet må ikke på noen måte være i konflikt med hovedformålet. Slik virsomhet skal organiseres gjennom samarbeidsavtaler, eller deltakelse i foretak eller opprettelse av egne selskaper som hører naturlig inn i utviklingen av selskapet og som bidrar til at eierkommunenes og selskapets målsetninger oppnås.
(no translation available)
Contact
Address
Kveldroveien 4, 1407 Vinterbro
Website
https://www.folloren.no
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Financial development
In its most recent annual report (2025), Follo Ren Iks reported revenue of NOK 190.3m, an increase of 5% 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 23.1m, and the EBITDA margin stood at 13.8%.
At the end of 2025, equity financed 18.8% of the balance sheet, and current assets covered short-term debt 1.3 times.
Financials
Revenue
NOK millionsEBITDA
NOK millionsIncome statement
NOK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 190,253 | 181,766 | 165,111 | 165,420 | 158,877 |
| Staff expenses | -35,799 | -41,433 | -39,491 | -37,910 | -35,103 |
| EBITDA | 26,192 | 14,557 | 9,943 | 15,272 | 16,655 |
| Depreciation & amort. | -2,941 | -3,022 | -3,063 | -2,907 | -3,911 |
| EBIT | 23,251 | 11,535 | 6,880 | 12,365 | 12,744 |
| Net financials | 469 | 966 | 3,234 | 1,826 | 401 |
| Profit before tax | 23,720 | 12,502 | 10,114 | 14,191 | 13,146 |
| Tax | 583 | 399 | 325 | 394 | 465 |
| Net profit | 23,137 | 12,103 | 9,789 | 13,797 | 12,680 |
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Balance sheet
NOK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total assets | 151,576 | 145,574 | 101,370 | 102,788 | 85,213 |
| Equity | 28,506 | 22,440 | 47,710 | 50,845 | 40,060 |
| Long-term debt | 65,282 | 66,467 | 12,912 | 13,501 | 14,211 |
| Short-term debt | 57,788 | 48,994 | 33,606 | 29,366 | 23,760 |
| Total debt | 123,070 | 115,461 | 46,518 | 42,867 | 37,971 |
Financial ratios
5-year trendEBITDA margin
13.8 %
20212025
Equity ratio
18.8 %
WeakAmong the 30% lowest rated companies in the industry
20212025
Return on equity
81.2 %
Very strongAmong the 10% highest rated companies in the industry
20212025
Net profit margin
12.2 %
StrongAmong the 30% highest rated companies in the industry
20212025
Asset turnover
1.26×
StrongAmong the 30% highest rated companies in the industry
20212025
Debt / equity
4.32×
Very weakAmong the 20% lowest rated companies in the industry
20212025
Sector performance
26 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Gross marginStrong
Among the 40% 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 marginStrong
Among the 40% 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 20% 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 20% 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 40% 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 ratioWeak
Among the 40% lowest 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 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 equityVery weak
Among the 20% 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 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.
Debt & solvency
Solidity ratioWeak
Among the 30% 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 ratioWeak
Among the 30% 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.
Debt to equityVery weak
Among the 20% lowest 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 weak
Among the 20% lowest 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 40% 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 marginVery strong
Among the 20% 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 30% highest rated companies in the industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
One-year change in equityVery strong
Among the 20% 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.
Equity to contributed capitalNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Total equity relative to the capital the owners contributed — how the equity has developed from its starting point.
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 (4) | ||
SH Deputy Member | Deputy Member | 2026 |
RJ Chief Executive Officer | Chief Executive Officer | 2011 |
JO Deputy Member | Deputy Member | 2026 |
EH Deputy Member | Deputy Member | 2026 |
Former (8)
SS Deputy Member | Deputy Member | 2021 – 2026 |
AÅ Deputy Member | Deputy Member | 2022 – 2023 |
SH Deputy Member | Deputy Member | 2023 – 2026 |
TM Deputy Member | Deputy Member | 2020 – 2021 |
DE Deputy Member | Deputy Member | 2020 – 2021 |
MH Deputy Member | Deputy Member | 2020 – 2021 |
RB Deputy Member | Deputy Member | 2020 – 2022 |
OB Deputy Member | Deputy Member | 2021 – 2026 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (5) | ||
MH Board of Directors | Board of Directors | 2021 |
NC Deputy Chairman | Deputy Chairman | 2026 |
RK Chairman | Chairman | 2021 |
RP Board of Directors | Board of Directors | 2026 |
JR Board of Directors | Board of Directors | 2026 |
Former (6)
PO Deputy Chairman | Deputy Chairman | 2021 – 2026 |
MH Board of Directors | Board of Directors | 2020 – 2022 |
CS Board of Directors | Board of Directors | 2022 – 2023 |
BG Board of Directors | Board of Directors | 2020 – 2021 |
KA Chairman | Chairman | 2020 – 2021 |
EH Board of Directors | Board of Directors | 2023 – 2026 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 0% | 0% | 2016 | |
| Company | 0% | 0% | 2016 | |
| Company | 0% | 0% | 2016 | |
| Company | 0% | 0% | 2016 | |
| Company | 0% | 0% | 2016 | |
| Company | 0% | 0% | 2021 |
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Related companies
Company hierarchy
Nesodden Kommune
Follo Ren Iks Board network connections
Board members of Follo Ren Iks also hold positions in 47 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Erlend Homme Falklev | Deputy Member | 7 companiesMany roles |
| Bjørn Gunnar Ganger | Board of Directors | 6 companiesMany roles |
| Dag Ekelberg | Deputy Member | 5 companies |
| Jan Ove Mushtaq Rikheim | Deputy Member | 5 companies |
| Rannveig Kvifte Andresen | Chairman | 5 companies |
| Renate Bjørvik | Deputy Member | 3 companies |
| Olav Bjerke Soldal | Deputy Member | 3 companies |
| Asbjørn Ånerudhaugen Gulbrandsen | Deputy Member | 2 companies |
| Tone Merete Hauk-Hansen | Deputy Member | 2 companies |
| Runar Jacobsen | Chief Executive Officer | 2 companies |
| Kari Agnor | Chairman | 2 companies |
| Selma Sollihagen | Deputy Member | 1 company |
| Marianne Helen Røed | Deputy Member | 1 company |
| Marie Hesselberg Simonsen | Board of Directors | 1 company |
| Carina Simonsen | Board of Directors | 1 company |
| Nicolay Cornelius Corneliussen | Deputy Chairman | 1 company |
Frequently asked questions
What is the Org number of Follo Ren Iks?
Follo Ren Iks is registered with Brønnøysundsregistrene under Org 975804569.
What is the revenue of Follo Ren Iks?
Follo Ren Iks reported revenue of NOK 190.3m in 2025.
How many employees does Follo Ren Iks have?
Follo Ren Iks employs 87 people as of the latest annual report.
Who is the CEO of Follo Ren Iks?
Runar Jacobsen is the CEO of Follo Ren Iks, in role since 2011.
Who is the chairman of Follo Ren Iks?
Rannveig Kvifte Andresen chairs the board of Follo Ren Iks, in role since 2021.
Where is Follo Ren Iks headquartered?
Follo Ren Iks's registered address is Kveldroveien 4.