Bir AS
ASActiveOrg 983495400Lungegårdskaien 42, 5015 BergenCollection of non-hazardous waste· NACE 3811Est. 2001 · 25 years old54 employeeshttps://bir.no
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Overview
Bir AS is a Norwegian AS based in Bergen, operating in the Collection of non-hazardous waste sector. Incorporated in 2001, the company has 54 employees and reported revenue of NOK 896.8m in its latest annual filing.
Revenue 2025
0.9B NOK
−5% vs 2024
EBITDA margin
21.2 %
+2% vs 2024
Net profit 2025
0B NOK
+27% vs 2024
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
15.8 %
WeakAmong the 30% lowest rated companies in the industry
20212025
Liquidity ratioCurrent assets ÷ Short-term debt
1.9×
AverageAround the average of companies in the same 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 | 0.9B NOK | -5% |
| EBITDA | 0.2B NOK | +2% |
| Net profit | 0B NOK | +27% |
| Total assets | 3.6B NOK | +4% |
| Equity | 0.6B NOK | +1% |
| Employees | 54 | — |
Company information
Legal name
BIR AS
Org number
983495400
Legal form
Aksjeselskap
NACE code
Founded
26 June 2001 · 25 years
Share capital
NOK 50,673,000
Employees
54 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2025-12-31
Financial year
January – December
Signatory rights
Styrets leder alene. To styremedlemmer og daglig leder i felleskap.
Company purpose
Eie og forvalte selskaper som skal sørge for innsamling, transport og behandling av husholdnings- og næringsavfall. Selskapet kan også etablere innsamling, transport og behandling av produksjons-, nærings- og farlig avfall. Forøvrig kan selskapet ta på seg alle oppgaver som naturlig hører sammem med de oppgaver som er nevnt i førtse avsnitt. Selskapet kan inngå samarbeidsavtaler eller delta i andre foretak dersom dette er hensiktsmessig for å oppfylle formålet. Ved fremtidig vedtak om avfallsbehandlingsmetode og tilhørende anlegg vil vertskommunen (aksjeeierne) være besluttende organ i henhold til plan og bygningslovens regelverk.
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Contact
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Financial development
In its most recent annual report (2025), Bir AS reported revenue of NOK 896.8m, a decrease 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 36.2m, and the EBITDA margin stood at 21.2%.
At the end of 2025, equity financed 15.8% of the balance sheet, and current assets covered short-term debt 1.9 times.
Financials
Revenue
NOK millionsEBITDA
NOK millionsIncome statement
NOK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 896,791 | 939,978 | 698,586 | 668,179 | 593,201 |
| Staff expenses | -67,275 | -78,189 | -73,291 | -59,693 | -48,372 |
| EBITDA | 190,033 | 186,866 | 137,814 | 84,106 | 120,269 |
| Depreciation & amort. | -92,598 | -90,882 | -91,214 | -79,248 | -74,369 |
| EBIT | 97,434 | 95,984 | 46,600 | 4,858 | 45,900 |
| Net financials | -56,006 | -62,668 | -26,111 | 89,257 | -11,339 |
| Profit before tax | 41,428 | 33,316 | 20,489 | 94,115 | 34,561 |
| Tax | 5,204 | 4,841 | -2,018 | -3,277 | 4,602 |
| Net profit | 36,225 | 28,475 | 22,507 | 97,392 | 29,959 |
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Balance sheet
NOK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total assets | 3,613,160 | 3,489,439 | 3,280,820 | 3,052,260 | 3,015,631 |
| Equity | 572,120 | 567,971 | 384,934 | 350,062 | 313,370 |
| Long-term debt | 2,701,088 | 2,743,169 | 2,585,839 | 2,246,516 | 2,266,140 |
| Short-term debt | 286,652 | 178,299 | 310,047 | 455,682 | 436,120 |
| Total debt | 2,987,740 | 2,921,468 | 2,895,886 | 2,702,198 | 2,702,260 |
Financial ratios
5-year trendEBITDA margin
21.2 %
20212025
Equity ratio
15.8 %
WeakAmong the 30% lowest rated companies in the industry
20212025
Return on equity
6.3 %
AverageAround the average of companies in the same industry
20212025
Net profit margin
4.0 %
AverageAround the average of companies in the same industry
20212025
Asset turnover
0.25×
WeakAmong the 40% lowest rated companies in the industry
20212025
Debt / equity
5.32×
Very weakAmong the 20% lowest rated companies in the industry
20212025
Sector performance
27 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Gross marginVery weak
Among the 10% 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 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 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)Average
Around the average of companies in the same 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 ratioAverage
Around the average of companies in the same 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 ratioVery weak
Among the 20% lowest 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 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 ratioVery strong
Among the 10% highest rated companies in the 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 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 debtAverage
Around the average of companies in the same industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest coverageAverage
Around the average of companies in the same 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 turnoverWeak
Among the 40% 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 40% 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 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.
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 (9) | ||
AM Deputy Member | Deputy Member | 2021 |
OV Deputy Member | Deputy Member | 2024 |
TS Deputy Member | Deputy Member | 2024 |
SK Deputy Member | Deputy Member | 2024 |
KJ Deputy Member | Deputy Member | 2024 |
BT Deputy Member | Deputy Member | 2024 |
BK Deputy Member | Deputy Member | 2024 |
MH Deputy Member | Deputy Member | 2024 |
BL Chief Executive Officer | Chief Executive Officer | 2020 |
Former (14)
KJ Deputy Member | Deputy Member | 2020 – 2021 |
SV Deputy Member | Deputy Member | 2020 – 2021 |
HR Deputy Member | Deputy Member | 2020 – 2024 |
KB Deputy Member | Deputy Member | 2020 – 2021 |
AL Deputy Member | Deputy Member | 2023 – 2024 |
KD Deputy Member | Deputy Member | 2020 – 2024 |
BS Deputy Member | Deputy Member | 2020 – 2021 |
FH Deputy Member | Deputy Member | 2022 – 2024 |
KM Deputy Member | Deputy Member | 2020 – 2024 |
AS Deputy Member | Deputy Member | 2020 – 2021 |
AA Deputy Member | Deputy Member | 2021 – 2023 |
DP Deputy Member | Deputy Member | 2021 – 2024 |
AK Deputy Member | Deputy Member | 2021 – 2024 |
MW Deputy Member | Deputy Member | 2021 – 2022 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (8) | ||
GB Board of Directors | Board of Directors | 2020 |
EP Board of Directors | Board of Directors | 2022 |
RF Chairman | Chairman | 2025 |
NM Board of Directors | Board of Directors | 2024 |
KF Board of Directors | Board of Directors | 2026 |
IO Board of Directors | Board of Directors | 2025 |
AA Board of Directors | Board of Directors | 2023 |
MW Board of Directors | Board of Directors | 2022 |
Former (8)
RM Board of Directors | Board of Directors | 2021 – 2022 |
TL Board of Directors | Board of Directors | 2021 – 2025 |
RM Board of Directors | Board of Directors | 2020 – 2021 |
AS Chairman | Chairman | 2020 – 2025 |
EH Board of Directors | Board of Directors | 2020 – 2022 |
HE Board of Directors | Board of Directors | 2022 – 2022 |
GV Board of Directors | Board of Directors | 2020 – 2021 |
AK Board of Directors | Board of Directors | 2020 – 2024 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 79.2% | 79.2% | 2023 | |
| Company | 6.67% | 6.67% | 2023 | |
| Company | 6.01% | 6.01% | 2023 | |
| Company | 2.52% | 2.52% | 2023 | |
| Company | 1.82% | 1.82% | 2023 | |
| Company | 1.59% | 1.59% | 2023 |
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Company hierarchy
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Board members of Bir AS also hold positions in 208 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Renate Friele Hjortland | Chairman | 27 companiesMany roles |
| Anne Lorgen Riise | Deputy Member | 17 companiesMany roles |
| Ivan Ove Alver | Board of Directors | 16 companiesMany roles |
| Borghild Lekve | Chief Executive Officer | 10 companiesMany roles |
| Karl Johan Kirkebø | Deputy Member | 9 companiesMany roles |
| Kari Foseid Aakre | Board of Directors | 8 companiesMany roles |
| Kurt Johnny Hæggernæs | Deputy Member | 7 companiesMany roles |
| Bjørn-Frode Schjelderup | Deputy Member | 7 companiesMany roles |
| Karen Marie Aker Haarklau | Deputy Member | 7 companiesMany roles |
| Gustav Bahus | Board of Directors | 7 companiesMany roles |
| Aslak Sverdrup | Chairman | 7 companiesMany roles |
| Samuel Vegard Skrunes | Deputy Member | 6 companiesMany roles |
| Sigurd Kolstrup Hille | Deputy Member | 6 companiesMany roles |
| Fauzia Hussain-Wiik | Deputy Member | 6 companiesMany roles |
| Daniel Prestø-Økland | Deputy Member | 6 companiesMany roles |
| Ruth Mari Grung | Board of Directors | 6 companiesMany roles |
| Kine Bratli Dale | Deputy Member | 5 companies |
| Ole Viggo Skaathun | Deputy Member | 5 companies |
| Anne-Merete Ask | Deputy Member | 5 companies |
| Hans Edvard Seim | Board of Directors | 5 companies |
| Aud Margunn Aas Minne | Deputy Member | 4 companies |
| Benedicte Kragh | Deputy Member | 4 companies |
| Gina Viviann Gjerme | Board of Directors | 4 companies |
| Heidi Rongved | Deputy Member | 3 companies |
| Mona Høgli | Deputy Member | 3 companies |
| Atle Kristoffersen | Board of Directors | 3 companies |
| Kjetil Dalen | Deputy Member | 2 companies |
| Atle Kvåle | Deputy Member | 2 companies |
| Mads Wiik Kleven | Deputy Member | 2 companies |
| Espen Petter Walde | Board of Directors | 2 companies |
| Roger Martin Pilskog | Board of Directors | 2 companies |
| Torstein Strand | Deputy Member | 1 company |
| Britt Torunn Dalseid Klever | Deputy Member | 1 company |
| Tori Langaas | Board of Directors | 1 company |
| Nina Mønstre | Board of Directors | 1 company |
| Ena Helland | Board of Directors | 1 company |
Frequently asked questions
What is the Org number of Bir AS?
Bir AS is registered with Brønnøysundsregistrene under Org 983495400.
What is the revenue of Bir AS?
Bir AS reported revenue of NOK 896.8m in 2025.
How many employees does Bir AS have?
Bir AS employs 54 people as of the latest annual report.
Who is the CEO of Bir AS?
Borghild Lekve is the CEO of Bir AS, in role since 2020.
Who is the chairman of Bir AS?
Renate Friele Hjortland chairs the board of Bir AS, in role since 2025.
Where is Bir AS headquartered?
Bir AS's registered address is Lungegårdskaien 42.