Langesand AS
ASActiveOrg 989977229Fjellstadveien 12, 4950 RisørRental and operating of own or leased real estate· NACE 6820Est. 2006 · 20 years old1-4 employeeshttps://www.langesand.no
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Overview
Langesand AS is a Norwegian AS based in Risør, operating in the Rental and operating of own or leased real estate sector. Incorporated in 2006, the company reported revenue of NOK 1.6m in its latest annual filing.
Revenue 2024
1.6M NOK
+140% vs 2023
EBITDA margin
−27.9 %
+71% vs 2023
Net profit 2024
-3.6M NOK
+4% vs 2023
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
7.0 %
WeakAmong the 30% lowest rated companies in the industry
20202024
Liquidity ratioCurrent assets ÷ Short-term debt
12.5×
StrongAmong the 30% highest rated companies in the industry
20202024
Return on assets (ROA)Net profit ÷ Total assets × 100
-7.8 %
Very weakAmong the 20% lowest rated companies in the industry
20202024
EBITDA — year on year
NOK thousandsKey figures
Annual report 2024| Revenue | 1.6M NOK | +140% |
| EBITDA | -0.5M NOK | +71% |
| Net profit | -3.6M NOK | +4% |
| Total assets | 45.9M NOK | -10% |
| Equity | 3.2M NOK | +40% |
| Employees | — | — |
Company information
Legal name
LANGESAND AS
Org number
989977229
Legal form
Aksjeselskap
NACE code
Founded
2 June 2006 · 20 years
Share capital
NOK 10,516,900
Employees
1-4
VAT registered
Yes
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Signatory rights
Styrets leder alene.
Company purpose
Være eiendomsselskap, delta i andre selskaper, innkjøp og utleie av driftsmidler.
(no translation available)
Contact
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Financial development
In its most recent annual report (2024), Langesand AS reported revenue of NOK 1.6m, an increase of 140% on the year before. The figures on this page draw on 5 annual filings covering 2020 to 2024. The bottom line showed a net loss of NOK 3.6m, and the EBITDA margin stood at -27.9%.
At the end of 2024, equity financed 7% of the balance sheet, and current assets covered short-term debt 12.5 times.
Financials
Revenue
NOK thousandsEBITDA
NOK thousandsIncome statement
NOK thousands| Item | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Revenue | 1,645 | 685 | 448 | 1,625 | 240 |
| Staff expenses | -338 | -939 | -1,320 | -1,048 | -114 |
| EBITDA | -458 | -1,565 | -4,902 | -567 | -276 |
| Depreciation & amort. | -414 | -499 | -209 | -37 | -37 |
| EBIT | -872 | -2,065 | -5,112 | -604 | -314 |
| Net financials | -2,709 | -1,648 | -1,023 | -850 | -368 |
| Profit before tax | -3,581 | -3,713 | -6,134 | -1,454 | -682 |
| Tax | -0 | -0 | 999 | -234 | -150 |
| Net profit | -3,581 | -3,713 | -7,134 | -1,220 | -532 |
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Balance sheet
NOK thousands| Item | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Total assets | 45,906 | 50,773 | 43,568 | 31,066 | 27,568 |
| Equity | 3,200 | 2,281 | -506 | 6,382 | 7,602 |
| Long-term debt | 40,626 | 46,818 | 43,021 | 23,780 | 17,639 |
| Short-term debt | 2,080 | 1,674 | 1,054 | 904 | 2,326 |
| Total debt | 42,705 | 48,492 | 44,074 | 24,684 | 19,966 |
Financial ratios
5-year trendEBITDA margin
-27.9 %
20202024
Equity ratio
7.0 %
WeakAmong the 30% lowest rated companies in the industry
20202024
Return on equity
-111.9 %
Very weakAmong the 10% lowest rated companies in the industry
20202024
Net profit margin
-217.6 %
Very weakAmong the 10% lowest rated companies in the industry
20202024
Asset turnover
0.04×
AverageAround the average of companies in the same industry
20202024
Debt / equity
13.34×
Very weakAmong the 20% lowest rated companies in the industry
20202024
Sector performance
28 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Gross marginVery strong
Among the 10% highest 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 weak
Among the 10% 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)Very weak
Among the 10% 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)Very weak
Among the 20% lowest 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)Very weak
Among the 10% 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)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 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 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 equityVery weak
Among the 10% 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 30% 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 ratioWeak
Among the 40% lowest 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 debtVery weak
Among the 20% lowest rated companies in the industry
Profit relative to debt — the ability to create earnings while operating with debt.
EBITDA to debtWeak
Among the 40% lowest rated companies in the industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest coverageWeak
Among the 40% lowest rated companies in the industry
The ability to pay the interest on the company's debt out of its earnings.
Interest rate on debtVery weak
Among the 10% lowest rated companies in the industry
Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.
Interest marginVery weak
Among the 20% 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 30% 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 capitalVery weak
Among the 20% lowest 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 equityVery strong
Among the 20% highest 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.
Annual reports & filings
- 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
- Annual report 2020Filed via Brønnøysundsregistrene · Period 2020-01-01 – 2020-12-31
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (1) | ||
MJ Deputy Member | Deputy Member | 2016 |
Former (1)
RJ Contact Person | Contact Person | 2015 – 2026 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (1) | ||
RJ Chairman | Chairman | 2016 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 100% | 100% | 2020 |
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Company hierarchy
Elizalex As100%
Langesand AS (this company)Bekkegata Tun As100% ownedJunge & Co AS100% ownedJunge & Co As100% ownedLangesand Digital Media Group As100% ownedTig Partners As100% ownedTolpinrud Torg AS100% ownedBoard network connections
Board members of Langesand AS also hold positions in 20 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Robin Junge | Contact Person | 18 companiesMany roles |
| Mabel Junge Halvorsen | Deputy Member | 2 companies |
Frequently asked questions
What is the Org number of Langesand AS?
Langesand AS is registered with Brønnøysundsregistrene under Org 989977229.
What is the revenue of Langesand AS?
Langesand AS reported revenue of NOK 1.6m in 2024.
Who is the chairman of Langesand AS?
Robin Junge chairs the board of Langesand AS, in role since 2016.
Where is Langesand AS headquartered?
Langesand AS's registered address is Fjellstadveien 12.