Narvikgården AS
ASActiveOrg 9833873812. Etasje Kongens Gate 49, 8514 NarvikDevelopment of building projects· NACE 6812Est. 2001 · 25 years old12 employeeshttps://www.narvikgaarden.no
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Overview
Narvikgården AS is a Norwegian AS based in Narvik, operating in the Development of building projects sector. Incorporated in 2001, the company has 12 employees and reported revenue of NOK 16.0m in its latest annual filing.
Revenue 2025
16M NOK
−31% vs 2024
EBITDA margin
−19.5 %
−225% vs 2024
Net profit 2025
2.7M NOK
-58% vs 2024
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
70.0 %
StrongAmong the 40% highest rated companies in the industry
20212025
Liquidity ratioCurrent assets ÷ Short-term debt
10.0×
StrongAmong the 30% highest rated companies in the industry
20212025
Return on assets (ROA)Net profit ÷ Total assets × 100
1.0 %
AverageAround the average of companies in the same industry
20212025
EBITDA — year on year
NOK millionsKey figures
Annual report 2025| Revenue | 16M NOK | -31% |
| EBITDA | -3.1M NOK | -225% |
| Net profit | 2.7M NOK | -58% |
| Total assets | 280.3M NOK | +9% |
| Equity | 196.3M NOK | +1% |
| Employees | 12 | — |
Company information
Legal name
NARVIKGÅRDEN AS
Org number
983387381
Legal form
Aksjeselskap
NACE code
Founded
29 March 2001 · 25 years
Share capital
NOK 47,942,000
Employees
12 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2025-12-31
Financial year
January – December
Signatory rights
To styremedlemmer i fellesskap. Daglig leder og ett styremedlem i fellesskap.
Company purpose
Eiendomsutvikling, kjøp, salg og utleie av fast eiendom samt annen virksomhet som naturlig faller inn under dette ved aksjekjøp eller på annen måte.
(no translation available)
Contact
Address
2. Etasje Kongens Gate 49, 8514 Narvik
Phone
+47 76 97 72 80
Email
post@narvikgaarden.no
Website
https://www.narvikgaarden.no
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Financial development
In its most recent annual report (2025), Narvikgården AS reported revenue of NOK 16.0m, a decrease of 31% 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 2.7m, and the EBITDA margin stood at -19.5%.
At the end of 2025, equity financed 70% of the balance sheet, and current assets covered short-term debt 10 times.
Financials
Revenue
NOK millionsEBITDA
NOK millionsIncome statement
NOK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 15,994 | 23,119 | 13,049 | 13,471 | 14,472 |
| Staff expenses | -11,556 | -12,341 | -13,407 | -11,654 | -10,284 |
| EBITDA | -3,112 | 2,492 | -7,298 | -4,551 | -13,949 |
| Depreciation & amort. | -915 | -812 | -6,679 | -3,198 | -1,006 |
| EBIT | -4,027 | 1,680 | -13,977 | -7,749 | -14,954 |
| Net financials | 6,358 | 3,248 | 25,625 | 1,701 | 94,246 |
| Profit before tax | 2,331 | 4,928 | 11,648 | -6,049 | 79,291 |
| Tax | -392 | -1,600 | -2,222 | -1,276 | -3,563 |
| Net profit | 2,723 | 6,528 | 13,870 | -4,773 | 82,855 |
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Balance sheet
NOK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total assets | 280,335 | 256,948 | 272,507 | 275,295 | 295,978 |
| Equity | 196,271 | 193,548 | 187,021 | 173,151 | 177,924 |
| Long-term debt | 75,584 | 57,036 | 62,489 | 92,370 | 110,564 |
| Short-term debt | 7,230 | 4,813 | 21,447 | 8,224 | 5,940 |
| Total debt | 82,814 | 61,849 | 83,936 | 100,594 | 116,504 |
Financial ratios
5-year trendEBITDA margin
-19.5 %
20212025
Equity ratio
70.0 %
StrongAmong the 40% highest rated companies in the industry
20212025
Return on equity
1.4 %
AverageAround the average of companies in the same industry
20212025
Net profit margin
17.0 %
AverageAround the average of companies in the same industry
20212025
Asset turnover
0.06×
AverageAround the average of companies in the same industry
20212025
Debt / equity
0.43×
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 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 20% 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 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)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)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)Weak
Among the 30% 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 ratioAverage
Around the average of companies in the same 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 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 ratioStrong
Among the 30% 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 equityAverage
Around the average of companies in the same 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 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 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 40% 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 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 30% lowest rated companies in the industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest coverageWeak
Among the 30% 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 40% 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 turnoverAverage
Around the average of companies in the same industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
Inventory turnoverWeak
Among the 40% lowest 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 debtVery weak
Among the 20% lowest rated companies in the 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) | ||
GA Deputy Member | Deputy Member | 2026 |
SK Deputy Member | Deputy Member | 2025 |
EM Deputy Member | Deputy Member | 2021 |
BE Chief Executive Officer | Chief Executive Officer | 2021 |
TP Deputy Member | Deputy Member | 2025 |
Former (8)
BH Deputy Member | Deputy Member | 2023 – 2025 |
LH Deputy Member | Deputy Member | 2021 – 2021 |
FK Chief Executive Officer | Chief Executive Officer | 2020 – 2021 |
RH Deputy Member | Deputy Member | 2024 – 2025 |
BF Deputy Member | Deputy Member | 2021 – 2023 |
ED Deputy Member | Deputy Member | 2022 – 2024 |
ML Deputy Member | Deputy Member | 2022 – 2026 |
US Deputy Member | Deputy Member | 2021 – 2022 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (6) | ||
BH Board of Directors | Board of Directors | 2025 |
RH Board of Directors | Board of Directors | 2021 |
AM Board of Directors | Board of Directors | 2026 |
TK Board of Directors | Board of Directors | 2021 |
ML Board of Directors | Board of Directors | 2023 |
TN Chairman | Chairman | 2021 |
Former (6)
CK Board of Directors | Board of Directors | 2022 – 2024 |
BE Chairman | Chairman | 2021 – 2021 |
LM Board of Directors | Board of Directors | 2021 – 2022 |
SV Board of Directors | Board of Directors | 2021 – 2023 |
ED Board of Directors | Board of Directors | 2024 – 2025 |
SL Board of Directors | Board of Directors | 2021 – 2025 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 100% | 100% | 2020 |
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Company hierarchy
Narvik Kommune100%
Narvikgården AS (this company)Visit Narvik As32.3794% ownedRombaksveien 45 Eiendom AS100% ownedNewco 1 Narvik AS100% ownedEn Helt Rå By AS33.3333% ownedNarvikfjellet Allmenn As18.1436% ownedNarvik Vm 2029 As40% ownedNorway Home Of Skiing As11.1111% ownedAdminveien AS24% ownedArena Nord Utvikling AS22.5564% ownedFagernesfjellet Parkering AS100% ownedAstafjord Industrier AS35.7143% ownedNarvik Spektrum Drift AS100% ownedKinobakken 1 AS100% ownedIndre Havn Eiendom Narvik AS100% ownedTrekanten Eiendom Narvik AS100% ownedNewco 2 Narvik AS100% ownedNarvikgården Utleiebygg AS100% ownedBrannbakken 1 AS100% ownedSykehusveien 3 AS100% ownedHaikjeften As10.02% ownedNarvik Kapital As100% ownedØvreveien 7 AS100% ownedNarvik Spektrum AS100% ownedBoard network connections
Board members of Narvikgården AS also hold positions in 185 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Bjørn Harald Larsen | Deputy Member | 50 companiesMany roles |
| Bjørnar Evenrud | Chief Executive Officer | 28 companiesMany roles |
| Frode Kristian Danielsen | Chief Executive Officer | 27 companiesMany roles |
| Stig Lennart Nerdal | Board of Directors | 14 companiesMany roles |
| Børge Edvardsen Klingan | Chairman | 8 companiesMany roles |
| Lena Hope | Deputy Member | 6 companiesMany roles |
| Trine Pettersen | Deputy Member | 6 companiesMany roles |
| Linda Merete Ingebrigtsen | Board of Directors | 6 companiesMany roles |
| Cathrine Kaarbø | Board of Directors | 5 companies |
| Torje Kosmo Karlsen | Board of Directors | 5 companies |
| Marie Lovise Ve | Board of Directors | 5 companies |
| Georg Andre Nicolaisen Eriksen | Deputy Member | 4 companies |
| Sirianne Voie Brochmann | Board of Directors | 4 companies |
| Bengt Fagerli | Deputy Member | 3 companies |
| Eirik Djupvik | Deputy Member | 3 companies |
| Tomas Nygård | Chairman | 3 companies |
| Rune Hakvåg Pettersen | Deputy Member | 2 companies |
| Ellen Marie Iversen | Deputy Member | 2 companies |
| Astrid Maria Lovisa Hegborn | Board of Directors | 2 companies |
| Sonja Katrin Eidstø | Deputy Member | 1 company |
| Unni Sommerseth Kufaas | Deputy Member | 1 company |
Frequently asked questions
What is the Org number of Narvikgården AS?
Narvikgården AS is registered with Brønnøysundsregistrene under Org 983387381.
What is the revenue of Narvikgården AS?
Narvikgården AS reported revenue of NOK 16.0m in 2025.
How many employees does Narvikgården AS have?
Narvikgården AS employs 12 people as of the latest annual report.
Who is the CEO of Narvikgården AS?
Bjørnar Evenrud is the CEO of Narvikgården AS, in role since 2021.
Who is the chairman of Narvikgården AS?
Tomas Nygård chairs the board of Narvikgården AS, in role since 2021.
Where is Narvikgården AS headquartered?
Narvikgården AS's registered address is 2. Etasje Kongens Gate 49.