Fuglesangs Tech AS

ASActive

Org 985081220Caspar Storms Vei 21, 0664 OsloActivities of agents involved in the wholesale of fuels, ores, metals and industrial chemicals· NACE 4612Est. 2002 · 24 years old1-4 employeeshttps://www.fuglesangs.net

Overview

Fuglesangs Tech AS is a Norwegian AS based in Oslo, operating in the Activities of agents involved in the wholesale of fuels, ores, metals and industrial chemicals sector. Incorporated in 2002, the company reported revenue of NOK 13.0m in its latest annual filing.

Revenue 2025

13M NOK

+1583% vs 2024

EBITDA margin

2.1 %

−54% vs 2024

Net profit 2025

0M NOK

-97% vs 2024

Key ratios

See full ratios →

44.8 %

Average

Around the average of companies in the same industry

20212025

3.4×

Strong

Among the 30% highest rated companies in the industry

20212025

0.3 %

Average

Around the average of companies in the same industry

20212025

EBITDA — year on year

NOK thousands

Key figures

Annual report 2025

Revenue	13M NOK	+1583%
EBITDA	0.3M NOK	-54%
Net profit	0M NOK	-97%
Total assets	6.8M NOK	+78%
Equity	3.1M NOK	+1%
Employees	—	—

Contact

Address

Caspar Storms Vei 21, 0664 Oslo

Website

https://www.fuglesangs.net

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Financial development

In its most recent annual report (2025), Fuglesangs Tech AS reported revenue of NOK 13.0m, an increase of 1583% 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 18.6k, and the EBITDA margin stood at 2.1%.

At the end of 2025, equity financed 44.8% of the balance sheet, and current assets covered short-term debt 3.4 times.

Financials

Revenue

NOK millions

EBITDA

NOK thousands

Income statement

NOK thousands

Item	2025	2024	2023	2022	2021
Revenue	13,029	774	827	472	608
Staff expenses	-2,542	-71	-0	-0	-60
EBITDA	277	604	763	437	470
Depreciation & amort.	-184	-0	-0	-0	-0
EBIT	93	604	763	437	470
Net financials	-69	98	179	64	9
Profit before tax	24	702	942	501	479
Tax	5	158	207	110	105
Net profit	19	544	735	391	374

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Balance sheet

NOK thousands

Item	2025	2024	2023	2022	2021
Total assets	6,827	3,833	6,550	5,608	5,150
Equity	3,059	3,041	2,497	5,045	4,654
Long-term debt	1,899	494	609	563	453
Short-term debt	1,869	299	3,444	0	43
Total debt	3,768	793	4,054	563	496

Financial ratios

5-year trend

EBITDA margin

2.1 %

20212025

Equity ratio

44.8 %

Average

Around the average of companies in the same industry

20212025

Return on equity

0.6 %

Weak

Among the 40% lowest rated companies in the industry

20212025

Net profit margin

0.1 %

Weak

Among the 40% lowest rated companies in the industry

20212025

Asset turnover

1.91×

Average

Around the average of companies in the same industry

20212025

Debt / equity

1.23×

Average

Around the average of companies in the same industry

20212025

Sector performance

28 of 28 ratios graded

28 financial ratios from the latest filing, each graded against companies in the same industry.

Profitability

Gross marginAverage

Around the average of companies in the same 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 marginWeak

Among the 40% 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 marginWeak

Among the 40% lowest 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)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)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 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 40% 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 equityWeak

Among the 40% 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 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 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 ratioAverage

Around the average of companies in the same industry

Equity as a share of total assets — the ability to absorb losses. Around 40% is considered satisfactory from a credit perspective.

Debt ratioAverage

Around the average of companies in the same industry

Total debt relative to the balance-sheet total — the share of the assets financed by debt rather than equity.

Debt to equityAverage

Around the average of companies in the same industry

Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.

Liabilities to equityAverage

Around the average of companies in the same 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 marginWeak

Among the 40% lowest 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 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 turnoverStrong

Among the 40% 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 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 debtVery weak

Among the 10% 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 2025
Filed via Brønnøysundsregistrene · Period 2025-01-01 – 2025-12-31
View PDF
Annual report 2024
Filed via Brønnøysundsregistrene · Period 2024-01-01 – 2024-12-31
View PDF
Annual report 2023
Filed via Brønnøysundsregistrene · Period 2023-01-01 – 2023-12-31
View PDF
Annual report 2022
Filed via Brønnøysundsregistrene · Period 2022-01-01 – 2022-12-31
View PDF
Annual report 2021
Filed via Brønnøysundsregistrene · Period 2021-01-01 – 2021-12-31
View PDF

People & ownership

Management

Actively employed in the business

Name	Role	Member since
Current (1)
HP Hans Peter Fuglesang Chief Executive Officer	Chief Executive Officer	2019

Board of directors

Non-executive oversight

Name	Role	Member since
Current (2)
AL Alexander Løvdahl Fuglesang Board of Directors	Board of Directors	2020
HP Hans Peter Fuglesang Chairman	Chairman	2020

Former (2)


SL Stian Lund Board of Directors	Board of Directors	2022 – 2024
AA Are Arntsen Board of Directors	Board of Directors	2020 – 2024

Shareholders

Active legal owners

Shareholder	Type	Ownership	Votes	Registered
G R Fuglesangs Sønner As	Company	100%	100%	2020

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Related companies

Company hierarchy

G R Fuglesangs Sønner As100%

Fuglesangs Tech AS (this company)

Board network connections

Board members of Fuglesangs Tech AS also hold positions in 54 other companies.

Person	Role here	Other companies
Stian Lund	Board of Directors	38 companiesMany roles
Alexander Løvdahl Fuglesang	Board of Directors	9 companiesMany roles
Hans Peter Fuglesang	Chief Executive Officer	5 companies
Are Arntsen	Board of Directors	2 companies

Frequently asked questions

What is the Org number of Fuglesangs Tech AS?

Fuglesangs Tech AS is registered with Brønnøysundsregistrene under Org 985081220.

What is the revenue of Fuglesangs Tech AS?

Fuglesangs Tech AS reported revenue of NOK 13.0m in 2025.

Who is the CEO of Fuglesangs Tech AS?

Hans Peter Fuglesang is the CEO of Fuglesangs Tech AS, in role since 2019.

Who is the chairman of Fuglesangs Tech AS?

Hans Peter Fuglesang chairs the board of Fuglesangs Tech AS, in role since 2020.

Where is Fuglesangs Tech AS headquartered?

Fuglesangs Tech AS's registered address is Caspar Storms Vei 21.