Øyvar AS
ASActiveOrg 985345899Lonavegen 20, 5353 StraumeSewerage· NACE 3700Est. 2003 · 23 years old65 employeeshttps://www.oyvar.no
Loading company…
Overview
Øyvar AS is a Norwegian AS based in Straume, operating in the Sewerage sector. Incorporated in 2003, the company has 65 employees and reported revenue of NOK 306.3m in its latest annual filing.
Revenue 2025
0.3B NOK
+7% vs 2024
EBITDA margin
37.8 %
+11% vs 2024
Net profit 2025
0B NOK
+570% vs 2024
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
8.1 %
Very weakAmong the 20% lowest rated companies in the industry
20212025
Liquidity ratioCurrent assets ÷ Short-term debt
1.2×
WeakAmong the 40% lowest rated companies in the industry
20212025
Return on assets (ROA)Net profit ÷ Total assets × 100
0.6 %
AverageAround the average of companies in the same industry
20212025
EBITDA — year on year
NOK millionsKey figures
Annual report 2025| Revenue | 0.3B NOK | +7% |
| EBITDA | 0.1B NOK | +11% |
| Net profit | 0B NOK | +570% |
| Total assets | 1.3B NOK | -1% |
| Equity | 0.1B NOK | +4% |
| Employees | 65 | — |
Company information
Legal name
ØYVAR AS
Org number
985345899
Legal form
Aksjeselskap
NACE code
3700 · Sewerage
Founded
20 January 2003 · 23 years
Share capital
NOK 10,000,000
Employees
65 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2025-12-31
Financial year
January – December
Signatory rights
Dagleg leiar og styreleiar i fellesskap.
Company purpose
Forvaltning, planlegging, utbygging og drift av vass- og avløpsanlegga i øygarden kommune og for anna verksemd knytt til desse områda. Selskapet skal vidare vere ansvarleg for innsamling og gjenvinning av avfall. Drivast etter forretningsmessige prinsipp, men vere bevisst det samfunnsansvaret verksemda har. Selskapet skal vere ein utøvande reiskap og eit stabilt element for gjennomføring av øygarden kommune sin politikk for vass-, avløps- og renovasjonstenester. Selskapet skal vere kjenneteikna av høg kompetanse, service og samhandling med omgivnadene, særleg med øygarden kommune. Selskapet skal hovudsakleg drive verksemd retta mot behova i øygarden kommune, men kan også drive marknadsretta verksemd der det høyrer naturleg saman med oppgåvene i punkt 3-1, og dersom det ikkje er i strid med gjeldande regelverk for anskaffingar.
(no translation available)
Contact
Address
Lonavegen 20, 5353 Straume
Phone
+47 56 31 59 30
Email
postboks@oyvar.no
Website
https://www.oyvar.no
Risika for professionals
Risika provides regulated workflow tools for finance, procurement and compliance teams that need monitoring, alerts and an API.
Financial development
In its most recent annual report (2025), Øyvar AS reported revenue of NOK 306.3m, an increase of 7% 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 7.1m, and the EBITDA margin stood at 37.8%.
At the end of 2025, equity financed 8.1% of the balance sheet, and current assets covered short-term debt 1.2 times.
Financials
Revenue
NOK millionsEBITDA
NOK millionsIncome statement
NOK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 306,299 | 287,048 | 269,501 | 235,089 | 221,093 |
| Staff expenses | -39,314 | -44,864 | -44,803 | -41,302 | -42,991 |
| EBITDA | 115,859 | 104,171 | 95,456 | 77,148 | 57,278 |
| Depreciation & amort. | -54,197 | -51,182 | -49,250 | -48,310 | -47,011 |
| EBIT | 61,662 | 52,989 | 46,206 | 28,838 | 10,267 |
| Net financials | -54,372 | -54,360 | -45,261 | -24,055 | -12,112 |
| Profit before tax | 7,289 | -1,371 | 945 | 4,783 | -1,846 |
| Tax | 219 | 134 | 67 | 138 | 161 |
| Net profit | 7,070 | -1,504 | 878 | 4,645 | -2,007 |
Get a credit rating – not just the numbers
Financial statements show the past. Risika gives you a score and a recommended credit limit, so you know what the numbers mean for your risk.
Balance sheet
NOK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total assets | 1,276,856 | 1,283,856 | 1,272,816 | 1,244,692 | 1,277,462 |
| Equity | 103,339 | 99,560 | 99,600 | 94,426 | 73,028 |
| Long-term debt | 1,123,967 | 1,131,412 | 1,107,187 | 1,105,040 | 1,165,214 |
| Short-term debt | 49,549 | 52,884 | 66,029 | 45,226 | 39,220 |
| Total debt | 1,173,517 | 1,184,297 | 1,173,215 | 1,150,266 | 1,204,434 |
Financial ratios
5-year trendEBITDA margin
37.8 %
20212025
Equity ratio
8.1 %
Very weakAmong the 20% lowest rated companies in the industry
20212025
Return on equity
6.8 %
AverageAround the average of companies in the same industry
20212025
Net profit margin
2.3 %
AverageAround the average of companies in the same industry
20212025
Asset turnover
0.24×
WeakAmong the 40% lowest rated companies in the industry
20212025
Debt / equity
11.36×
Very weakAmong the 10% lowest 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 40% 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 strong
Among the 20% 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)Strong
Among the 40% 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 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 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 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 capitalWeak
Among the 30% 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 ratioVery weak
Among the 20% 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 10% 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 10% 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 debtVery weak
Among the 20% 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 turnoverWeak
Among the 40% lowest rated companies in the industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
Inventory turnoverVery weak
Among the 10% 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 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.
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 (8) | ||
AV Deputy Member | Deputy Member | 2024 |
SO Deputy Member | Deputy Member | 2024 |
OI Deputy Member | Deputy Member | 2024 |
AU Deputy Member | Deputy Member | 2020 |
RB Deputy Member | Deputy Member | 2024 |
RK Deputy Member | Deputy Member | 2022 |
BU Chief Executive Officer | Chief Executive Officer | 2009 |
RK Deputy Member | Deputy Member | 2024 |
Former (6)
KA Deputy Member | Deputy Member | 2020 – 2024 |
ES Deputy Member | Deputy Member | 2020 – 2024 |
EN Deputy Member | Deputy Member | 2020 – 2024 |
JS Deputy Member | Deputy Member | 2020 – 2024 |
LE Deputy Member | Deputy Member | 2020 – 2024 |
MD Deputy Member | Deputy Member | 2020 – 2022 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (7) | ||
LT Board of Directors | Board of Directors | 2020 |
ÅG Board of Directors | Board of Directors | 2026 |
HH Board of Directors | Board of Directors | 2024 |
KA Board of Directors | Board of Directors | 2024 |
CØ Board of Directors | Board of Directors | 2022 |
KB Board of Directors | Board of Directors | 2024 |
PR Chairman | Chairman | 2024 |
Former (6)
KC Board of Directors | Board of Directors | 2020 – 2024 |
IK Deputy Chairman | Deputy Chairman | 2020 – 2024 |
BH Chairman | Chairman | 2020 – 2024 |
KT Board of Directors | Board of Directors | 2020 – 2022 |
TA Board of Directors | Board of Directors | 2020 – 2024 |
TT Board of Directors | Board of Directors | 2020 – 2024 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 100% | 100% | 2020 |
One in three Danish companies experiences fraud
Sound familiar? See how to strengthen your defences and catch suspicious changes in ownership and management in time.
Related companies
Company hierarchy
Øygarden Kommune
Øyvar AS Board network connections
Board members of Øyvar AS also hold positions in 143 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Kjell Arne Skålevik | Board of Directors | 40 companiesMany roles |
| Tommy Angeltveit | Board of Directors | 12 companiesMany roles |
| Anita Vindenes | Deputy Member | 10 companiesMany roles |
| Anita Undal | Deputy Member | 10 companiesMany roles |
| Ingvill Kvalsnes Blom | Deputy Chairman | 8 companiesMany roles |
| Svein Otto Jacobsen | Deputy Member | 7 companiesMany roles |
| Robert Krondorfer | Deputy Member | 6 companiesMany roles |
| Elna Nybakk | Deputy Member | 5 companies |
| Hogne Hole | Board of Directors | 5 companies |
| Cathrine Østervold | Board of Directors | 5 companies |
| Åse Gunn Husebø | Board of Directors | 4 companies |
| Kristin Brennhaug | Board of Directors | 4 companies |
| Per Rune Eikeseth | Chairman | 4 companies |
| Eivind Solsvik | Deputy Member | 3 companies |
| Ole Iben Pettersen Vårdal | Deputy Member | 3 companies |
| Robert Kaupang Sæle | Deputy Member | 3 companies |
| Liv Trellevik | Board of Directors | 3 companies |
| Børge Haugetun | Chairman | 3 companies |
| Rebekka Bjelkarøy Moldøen | Deputy Member | 2 companies |
| Tonje Tangen Alvsvåg | Board of Directors | 2 companies |
| Jorunn Småbrekke Gjersvik | Deputy Member | 1 company |
| Bjarne Ulvestad | Chief Executive Officer | 1 company |
| Ketil Christensen | Board of Directors | 1 company |
| Knut-Rune Torsvik | Board of Directors | 1 company |
Frequently asked questions
What is the Org number of Øyvar AS?
Øyvar AS is registered with Brønnøysundsregistrene under Org 985345899.
What is the revenue of Øyvar AS?
Øyvar AS reported revenue of NOK 306.3m in 2025.
How many employees does Øyvar AS have?
Øyvar AS employs 65 people as of the latest annual report.
Who is the CEO of Øyvar AS?
Bjarne Ulvestad is the CEO of Øyvar AS, in role since 2009.
Who is the chairman of Øyvar AS?
Per Rune Eikeseth chairs the board of Øyvar AS, in role since 2024.
Where is Øyvar AS headquartered?
Øyvar AS's registered address is Lonavegen 20.