Borgenhaug AS
ASActiveOrg 988350125Bolette Brygge 1, 0252 OsloRental and operating of own or leased real estate· NACE 6820Est. 2005 · 21 years old1-4 employees
Loading company…
Overview
Borgenhaug AS is a Norwegian AS based in Oslo, operating in the Rental and operating of own or leased real estate sector. Incorporated in 2005, the company reported revenue of NOK 3.0m in its latest annual filing.
Revenue 2025
3M NOK
+1686% vs 2024
EBITDA margin
−19.8 %
+88% vs 2024
Net profit 2025
27.7M NOK
+76% vs 2024
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
94.9 %
Very strongAmong the 20% highest rated companies in the industry
20212025
Liquidity ratioCurrent assets ÷ Short-term debt
7.7×
StrongAmong the 30% highest rated companies in the industry
20212025
Return on assets (ROA)Net profit ÷ Total assets × 100
6.7 %
StrongAmong the 30% highest rated companies in the industry
20212025
EBITDA — year on year
NOK thousandsKey figures
Annual report 2025| Revenue | 3M NOK | +1686% |
| EBITDA | -0.6M NOK | +88% |
| Net profit | 27.7M NOK | +76% |
| Total assets | 410.9M NOK | -2% |
| Equity | 390M NOK | -1% |
| Employees | — | — |
Company information
Legal name
BORGENHAUG AS
Org number
988350125
Legal form
Aksjeselskap
NACE code
Founded
30 May 2005 · 21 years
Share capital
NOK 100,000
Employees
1-4
VAT registered
No
Audit selected
No
Last report
2025-12-31
Financial year
January – December
Signatory rights
Styrets leder alene.
Company purpose
Eie selskaper som driver kjøp, salg, utvikling og forvaltning av fast eiendom og alt som står i forbindelse med dette.
(no translation available)
Address
Bolette Brygge 1, 0252 Oslo
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), Borgenhaug AS reported revenue of NOK 3.0m, an increase of 1686% 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 27.7m, and the EBITDA margin stood at -19.8%.
At the end of 2025, equity financed 94.9% of the balance sheet, and current assets covered short-term debt 7.7 times.
Financials
Revenue
NOK thousandsEBITDA
NOK thousandsIncome statement
NOK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 2,970 | 166 | 520 | 228 | 242 |
| Staff expenses | -209 | -476 | -0 | -131 | -0 |
| EBITDA | -588 | -5,055 | -4,981 | -2,354 | -1,817 |
| Depreciation & amort. | -267 | -425 | -509 | -425 | -162 |
| EBIT | -854 | -5,480 | -5,490 | -2,779 | -1,979 |
| Net financials | 28,134 | 20,532 | 19,441 | 15,402 | 19,532 |
| Profit before tax | 27,280 | 15,053 | 13,950 | 12,623 | 17,553 |
| Tax | -455 | -729 | -591 | -203 | -538 |
| Net profit | 27,735 | 15,782 | 14,541 | 12,826 | 18,090 |
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 | 410,912 | 419,691 | 430,931 | 432,085 | 420,964 |
| Equity | 389,979 | 394,709 | 383,246 | 348,705 | 358,579 |
| Long-term debt | 17,317 | 21,109 | 19,800 | 26,168 | 0 |
| Short-term debt | 3,617 | 3,873 | 27,885 | 57,212 | 22,453 |
| Total debt | 20,934 | 24,982 | 47,685 | 83,381 | 62,385 |
Financial ratios
5-year trendEBITDA margin
-19.8 %
20212025
Equity ratio
94.9 %
Very strongAmong the 20% highest rated companies in the industry
20212025
Return on equity
7.1 %
AverageAround the average of companies in the same industry
20212025
Net profit margin
933.7 %
Very strongAmong the 10% highest rated companies in the industry
20212025
Asset turnover
0.01×
WeakAmong the 40% lowest rated companies in the industry
20212025
Debt / equity
0.05×
Very strongAmong the 20% highest rated companies in the industry
20212025
Sector performance
26 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 marginVery strong
Among the 10% highest 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)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)Strong
Among the 30% highest rated companies in the 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 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 equityVery strong
Among the 20% 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 ratioWeak
Among the 30% lowest rated companies in the industry
Cash flow relative to profit — the ability to convert reported profits into accessible cash.
Debt & solvency
Solidity ratioVery strong
Among the 20% 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 ratioVery strong
Among the 20% 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 equityVery strong
Among the 20% 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 equityVery strong
Among the 20% 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 debtVery strong
Among the 20% highest rated companies in the 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 coverageVery weak
Among the 10% lowest rated companies in the industry
The ability to pay the interest on the company's debt out of its earnings.
Interest rate on debtStrong
Among the 30% highest rated companies in the industry
Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.
Interest marginStrong
Among the 30% highest 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.
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 30% 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.
Equity to contributed capitalNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Total equity relative to the capital the owners contributed — how the equity has developed from its starting point.
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 |
|---|
Former (1)
BB Contact Person | Contact Person | 2005 – 2026 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (3) | ||
KH Board of Directors | Board of Directors | 2024 |
BB Chairman | Chairman | 2020 |
HF Board of Directors | Board of Directors | 2024 |
Former (2)
EM Board of Directors | Board of Directors | 2023 – 2024 |
ØF Board of Directors | Board of Directors | 2023 – 2024 |
Shareholders
Active legal ownersNo shareholder data available.
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
Borgenhaug AS (this company)
Tjeldbergodden Invest AS12.5% ownedBorgenhaug Capital As100% ownedBts Group As33.3333% ownedBTS G 9.30 AS100% ownedBTS D 3.32 AS100% ownedBTS G 10.22 AS100% ownedBTS D 9.36 AS100% ownedBTS D 3.7 AS100% ownedBTS G 9.32 AS100% ownedBTS U602 L624-625 AS100% ownedBTS U404 L420-421 AS100% ownedBTS U612 L607-608 AS100% ownedBTS G 10.23 AS100% ownedBTS D 9.17 AS100% ownedBTS G 10.37 AS100% ownedBTS G 9.40 AS100% ownedBTS G 9.22 AS100% ownedBTS G 10.65 AS100% ownedBTS G 9.52 D 9.58 AS100% ownedBTS U204 L211 AS100% ownedBTS G 10.20 AS100% ownedBTS U205 L210 AS100% ownedBTS G 10.13 AS100% ownedBTS D 9.7 AS100% ownedBTS G 10.39 AS100% ownedBTS G 10.64 AS100% ownedBTS G 9.61 D 9.49 AS100% ownedBTS D 3.34 AS100% ownedBTS G 9.13 AS100% ownedBTS D 3.12 AS100% ownedBTS G 10.11 AS100% ownedBTS G 10.35 AS100% ownedBTS G 9.47 D 9.63 AS100% ownedBTS D 3.24 AS100% ownedBTS G 9.45 D 9.65 AS100% ownedBTS D 8.9 AS100% ownedBTS G 9.39 AS100% ownedBTS D 8.15 AS100% ownedBTS D 3.17 AS100% ownedBTS G 9.50 D 9.60 AS100% ownedBTS G 10.25 AS100% ownedBTS G 9.70 AS100% ownedBTS G 9.31 AS100% ownedBTS G 9.60 D 9.50 AS100% ownedBTS G 9.28 AS100% ownedBTS G 9.33 AS100% ownedBTS D 3.11 AS100% ownedBTS G 10.27 AS100% ownedBTS G 10.7 AS100% ownedBTS G 9.55 D 9.55 AS100% ownedBTS G 9.27 AS100% ownedBTS G 9.37 AS100% ownedBTS G 9.38 AS100% ownedBTS D 3.13 AS100% ownedBTS D 3.16 AS100% ownedBTS G 9.36 AS100% ownedBTS U103 L101-102 AS100% ownedBTS D 9.14 AS100% ownedBTS D 9.13 AS100% ownedBTS G 10.24 AS100% ownedBTS G 9.26 AS100% ownedBTS G 9.57 D 9.53 AS100% ownedBTS G 10.12 AS100% ownedBTS G 10.48 D 10.23 AS100% ownedBTS G 10.21 AS100% ownedBTS G 10.10 AS100% ownedBTS G 9.21 AS100% ownedBTS G 9.35 AS100% ownedBTS G 10.1 AS100% ownedBTS G 10.4 AS100% ownedBTS D 3.35 AS100% ownedBTS U201 L216-217 AS100% ownedBTS G 9.29 AS100% ownedBTS D 9.1 AS100% ownedBTS U203 L212-213 AS100% ownedBTS G 9.46 D 9.64 AS100% ownedBTS U202 L214-215 AS100% ownedBTS G 9.17 AS100% ownedBTS U901 L923 AS100% ownedBTS G 10.58 D 10.33 AS100% ownedBTS U304 L320-321 AS100% ownedBTS G 9.51 D 9.59 AS100% ownedRedy Norge AS58.43% ownedRucoria AS10.0494% ownedAcquire As33.3333% ownedImotiv As50% ownedMadlaveien 75 AS70% ownedJon Smørs Gate Eiendom AS100% ownedSunnyfriday AS90% ownedVikebø & Jørgensen As79% ownedKryptonite AS70% ownedAxer Eiendom As100% ownedJessheim Ii AS100% ownedSalhusveien 90 AS100% ownedFollo Kombibygg As20% ownedLille Nesttunvann Holding AS100% ownedMyrdalsvegen AS100% ownedSandslimarka 260 Holding As49.9709% ownedAxbo Holding As50% ownedFagerborg K34 i AS100% ownedBrugata 50/56 AS100% ownedAxer Invest AS100% ownedDolviken Bolig AS100% ownedKronstad Stasjon AS100% ownedKlokkarlia 20 Eiendom AS100% ownedBuar Drift AS100% ownedViken Næring AS100% ownedFrogner Stasjon AS50% ownedErvikveien Eiendom Invest AS100% ownedGartnerløkken Eiendom As100% ownedSagveien 31 AS100% ownedBriskebyen i AS100% ownedGriggastemma Utbygging AS91.279% ownedHjalmar Brantings Vei 2 Eiendom AS50% ownedSentrumshagen Jessheim AS100% ownedLangarinden Utvikling As50% ownedVerksgaten 31 Eiendom As100% ownedVangsveien 185 AS100% ownedKnudsenkvartalet AS100% ownedSagveien 31 Næring Ii AS100% ownedHåkongården AS100% ownedS45 Utvikling AS100% ownedLille Nesttunvann AS50% ownedSalhusveien 18 AS100% ownedBoro Eiendom As100% ownedBiterud AS100% ownedHusebybakken 6 AS100% ownedBoard network connections
Board members of Borgenhaug AS also hold positions in 229 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Borger Borgenhaug | Contact Person | 145 companiesMany roles |
| Øyvind Flood Ryssdal | Board of Directors | 49 companiesMany roles |
| Kjersti Helen Krokeide Hobøl | Board of Directors | 17 companiesMany roles |
| Erik Mathias Bjercke Lorentzen | Board of Directors | 11 companiesMany roles |
| Harald Festøy Hellebust | Board of Directors | 7 companiesMany roles |
Frequently asked questions
What is the Org number of Borgenhaug AS?
Borgenhaug AS is registered with Brønnøysundsregistrene under Org 988350125.
What is the revenue of Borgenhaug AS?
Borgenhaug AS reported revenue of NOK 3.0m in 2025.
Who is the chairman of Borgenhaug AS?
Borger Borgenhaug chairs the board of Borgenhaug AS, in role since 2020.
Where is Borgenhaug AS headquartered?
Borgenhaug AS's registered address is Bolette Brygge 1.