Volstad AS
ASActiveOrg 979913281Lerstadvegen 517, 6018 ÅlesundBuilding of civilian ships and floating structures· NACE 3011Est. 1998 · 28 years old1-4 employeeshttps://www.volstad.com
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Overview
Volstad AS is a Norwegian AS based in Ålesund, operating in the Building of civilian ships and floating structures sector. Incorporated in 1998, the company reported revenue of NOK 0 in its latest annual filing.
Revenue 2025
0M NOK
EBITDA margin
—
Net profit 2025
14.4M NOK
-70% vs 2024
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
70.9 %
StrongAmong the 30% highest rated companies in the industry
20212025
Liquidity ratioCurrent assets ÷ Short-term debt
2.7×
StrongAmong the 30% highest rated companies in the industry
20212025
Return on assets (ROA)Net profit ÷ Total assets × 100
1.9 %
AverageAround the average of companies in the same industry
20212025
EBITDA — year on year
NOK millionsKey figures
Annual report 2025| Revenue | 0M NOK | — |
| EBITDA | -6.5M NOK | +7% |
| Net profit | 14.4M NOK | -70% |
| Total assets | 759.1M NOK | -4% |
| Equity | 537.9M NOK | -2% |
| Employees | — | — |
Company information
Legal name
VOLSTAD AS
Org number
979913281
Legal form
Aksjeselskap
NACE code
Founded
20 May 1998 · 28 years
Share capital
NOK 23,245,200
Employees
1-4
VAT registered
No
Audit selected
No
Last report
2025-12-31
Financial year
January – December
Signatory rights
Styrets leder alene eller to styremedlemmer i fellesskap.
Company purpose
Å eie aksjer og investere i virksomheter av enhver art, samt det som naturlig står i forbindelse med dette.
(no translation available)
Contact
Address
Lerstadvegen 517, 6018 Ålesund
Phone
+47 70 10 49 50
Email
office@volstad.com
Website
https://www.volstad.com
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Financial development
In its most recent annual report (2025), Volstad AS reported revenue of NOK 0. The figures on this page draw on 5 annual filings covering 2021 to 2025. The bottom line showed a net profit of NOK 14.4m.
At the end of 2025, equity financed 70.9% of the balance sheet, and current assets covered short-term debt 2.7 times.
Financials
Revenue
NOK millionsEBITDA
NOK millionsIncome statement
NOK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 442 | 1,038,629 |
| Staff expenses | -2,586 | -2,569 | -3,085 | -3,667 | -4,188 |
| EBITDA | -6,470 | -6,959 | -7,026 | -6,963 | 1,028,848 |
| Depreciation & amort. | -18 | -14 | -14 | -5 | -0 |
| EBIT | -6,488 | -6,973 | -7,040 | -6,968 | 1,028,848 |
| Net financials | 20,031 | 53,790 | 61,466 | -37,943 | 22,180 |
| Profit before tax | 13,543 | 46,817 | 54,426 | -44,911 | 1,051,028 |
| Tax | -880 | -877 | 542 | -512 | 225,608 |
| Net profit | 14,423 | 47,694 | 53,885 | -44,400 | 825,420 |
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Balance sheet
NOK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total assets | 759,115 | 789,139 | 832,706 | 845,575 | 905,837 |
| Equity | 537,936 | 547,512 | 519,818 | 487,934 | 532,829 |
| Long-term debt | 0 | 104,112 | 129,775 | 160,774 | 200,825 |
| Short-term debt | 137,335 | 137,515 | 183,112 | 196,867 | 169,477 |
| Total debt | 221,180 | 241,626 | 312,887 | 357,641 | 370,301 |
Financial ratios
5-year trendEBITDA margin
<−999 %
20212025
Equity ratio
70.9 %
StrongAmong the 30% highest rated companies in the industry
20212025
Return on equity
2.7 %
WeakAmong the 40% lowest rated companies in the industry
20212025
Net profit margin
>999 %
20212025
Asset turnover
0.00×
Very weakAmong the 10% lowest rated companies in the industry
20212025
Debt / equity
0.41×
StrongAmong the 30% highest rated companies in the industry
20212025
Sector performance
24 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Return on equity (ROE)Weak
Among the 40% 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)Average
Around the average of companies in the same industry
Net profit as a percentage of total assets — the return generated on the capital employed.
Return on net assets (RONA)Weak
Among the 40% 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)Weak
Among the 40% 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 weak
Among the 10% 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.
Gross marginNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
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 marginNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
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 marginNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
The profit for the year as a share of revenue — the company's ability to turn revenue into profit.
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 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 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 ratioVery weak
Among the 10% lowest 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 30% 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 30% 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 debtAverage
Around the average of companies in the same 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 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 marginAverage
Around the average of companies in the same 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 turnoverVery weak
Among the 10% lowest rated companies in the 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 equityWeak
Among the 40% lowest rated companies in the industry
The size of this year's increase or decrease in the company's equity.
One-year change in debtStrong
Among the 40% 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
- 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 (1) | ||
EV Chief Executive Officer | Chief Executive Officer | 2021 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (4) | ||
EV Board of Directors | Board of Directors | 2021 |
EV Chairman | Chairman | 2025 |
JK Board of Directors | Board of Directors | 2021 |
EV Board of Directors | Board of Directors | 2025 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 34% | 34% | 2025 | |
| Company | 33% | 33% | 2025 | |
| Company | 33% | 33% | 2025 | |
| Company | 100% | 100% | 2020 |
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Company hierarchy
Volstad AS (this company)
Pir Invest As5.2632% ownedWind Energy Construction AS23.85% ownedBlue Aqua Ships AS6.0386% ownedBjorli Skisenter Holding As23.1765% ownedBjorli Vintercamping Eiendom AS37.9% ownedNye Bjorli Skisenter AS100% ownedSaga Seafood Eiendom AS49.0093% ownedPir Vii Invest As11.0753% ownedNordvest Næringsbygg As7.0563% ownedPostveien 13 AS100% ownedBreivika Industriveg 63 AS100% ownedLerstadveien 546 AS100% ownedBreivika Industrivei 65 AS100% ownedBreivika Industrivei 69 AS100% ownedLerstadveien 519 AS100% ownedBreivika Industrivei 41 AS100% ownedLerstadveien 517 As100% ownedBjorli Utvikling As11.6678% ownedSaltlageret Kaidrift AS50% ownedBoard network connections
Board members of Volstad AS also hold positions in 130 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Jon Ketil Gjørtz | Board of Directors | 98 companiesMany roles |
| Espen Volstad | Chief Executive Officer | 18 companiesMany roles |
| Eivind Volstad | Board of Directors | 11 companiesMany roles |
| Elisabeth Volstad | Board of Directors | 3 companies |
Frequently asked questions
What is the Org number of Volstad AS?
Volstad AS is registered with Brønnøysundsregistrene under Org 979913281.
Who is the CEO of Volstad AS?
Espen Volstad is the CEO of Volstad AS, in role since 2021.
Who is the chairman of Volstad AS?
Espen Volstad chairs the board of Volstad AS, in role since 2025.
Where is Volstad AS headquartered?
Volstad AS's registered address is Lerstadvegen 517.