Varde Omsorg AS
ASDissolvedOrg 990282552Damtjernveien 141, 3175 RamnesBofellesskap for psykisk utviklingshemmede· NACE 87203Est. 2006 · 20 years old97 employeeshttps://www.opvestfold.no
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Overview
Varde Omsorg AS is a Norwegian AS based in Ramnes, operating in the Bofellesskap for psykisk utviklingshemmede sector. Incorporated in 2006, the company has 97 employees and reported revenue of NOK 31.9m in its latest annual filing.
Revenue 2021
31.9M NOK
+43% vs 2020
EBITDA margin
20.7 %
+627% vs 2020
Net profit 2021
4.4M NOK
+303% vs 2020
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
46.9 %
AverageAround the average of companies in the same industry
20172021
Liquidity ratioCurrent assets ÷ Short-term debt
2.8×
StrongAmong the 40% highest rated companies in the industry
20172021
Return on assets (ROA)Net profit ÷ Total assets × 100
20.4 %
StrongAmong the 40% highest rated companies in the industry
20172021
EBITDA — year on year
NOK thousandsKey figures
Annual report 2021| Revenue | 31.9M NOK | +43% |
| EBITDA | 6.6M NOK | +627% |
| Net profit | 4.4M NOK | +303% |
| Total assets | 21.7M NOK | +6% |
| Equity | 10.2M NOK | +495% |
| Employees | 97 | — |
Company information
Legal name
VARDE OMSORG AS
Org number
990282552
Legal form
Aksjeselskap
NACE code
Founded
1 August 2006 · 20 years
Share capital
NOK 66,000
Employees
97 (FTE)
VAT registered
No
Audit selected
No
Last report
2021-12-31
Financial year
January – December
Signatory rights
Styrets medlemmer hver for seg.
Company purpose
Å tilby sosialtjenster utenfor institusjon og andre helsetjenester. Dette omfatter tjenester innen habilitering/rehabilitering overfor ulike brukergrupper med omfattende heldøgns omsorgstilbud som kan skyldes nevrologisk- og/eller psykiske lidelser. Omsorgstilbudet skal primært være for personer med alvorlig atferdsavvik med bakgrunn i psykisk utviklingshemming, geriatriske lidelser og/eller psykiske lidelser. Selskapet skal være en aktør som kan tilby flere fylker, kommuner eller private institiusjoner en omsorgstjeneste der den enkelte bruker og dens pårørende er med på å påvirke og tilrettelegge for et individulet bo- og aktivitetstilbud innenfor faste økonomiske rammer. Selskapets målsetting er å medvirke faglig til at den enkelte brukers verdighet og livskvalitet blir ivaretatt ved å sette brukernes behov i sentrum.selskapet kan bistå med ulike former for kartlegging, diagnostisering og individuelle planer. Selskapet skal opparbeide en solid økonomi der prosjektering, finansiering, utleie eller drift av omsorgsboliger/bokollektiv skal inngå i tjenestespekteret.
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Contact
Address
Damtjernveien 141, 3175 Ramnes
Phone
+47 95 20 56 81
Email
post@vardeomsorg.no
Website
https://www.opvestfold.no
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Financial development
In its most recent annual report (2021), Varde Omsorg AS reported revenue of NOK 31.9m, an increase of 43% on the year before. The figures on this page draw on 5 annual filings covering 2017 to 2021. The bottom line showed a net profit of NOK 4.4m, and the EBITDA margin stood at 20.7%.
At the end of 2021, equity financed 46.9% of the balance sheet, and current assets covered short-term debt 2.8 times.
Financials
Revenue
NOK millionsEBITDA
NOK thousandsIncome statement
NOK thousands| Item | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|
| Revenue | 31,936 | 22,406 | 41,510 | 49,651 | 49,992 |
| Staff expenses | -17,792 | -14,337 | -23,499 | -24,308 | -18,642 |
| EBITDA | 6,616 | -1,255 | 4,137 | 3,979 | 5,343 |
| Depreciation & amort. | -695 | -1,116 | -4,310 | -1,418 | -1,455 |
| EBIT | 5,921 | -2,371 | -173 | 2,561 | 3,887 |
| Net financials | -251 | -397 | -556 | -471 | -515 |
| Profit before tax | 5,670 | -2,768 | -729 | 2,090 | 3,373 |
| Tax | 1,253 | -591 | -159 | 485 | 814 |
| Net profit | 4,418 | -2,177 | -570 | 1,605 | 2,559 |
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Balance sheet
NOK thousands| Item | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|
| Total assets | 21,651 | 20,389 | 28,072 | 32,867 | 34,304 |
| Equity | 10,155 | 1,707 | 7,883 | 8,454 | 7,812 |
| Long-term debt | 6,815 | 10,743 | 14,785 | 16,132 | 17,220 |
| Short-term debt | 4,681 | 7,939 | 5,403 | 8,281 | 9,272 |
| Total debt | 11,496 | 18,682 | 20,188 | 24,414 | 26,492 |
Financial ratios
5-year trendEBITDA margin
20.7 %
20172021
Equity ratio
46.9 %
AverageAround the average of companies in the same industry
20172021
Return on equity
43.5 %
StrongAmong the 40% highest rated companies in the industry
20172021
Net profit margin
13.8 %
StrongAmong the 40% highest rated companies in the industry
20172021
Asset turnover
1.48×
AverageAround the average of companies in the same industry
20172021
Debt / equity
1.13×
AverageAround the average of companies in the same industry
20172021
Sector performance
27 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 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 marginStrong
Among the 40% 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)Strong
Among the 40% highest 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)Strong
Among the 40% 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)Strong
Among the 40% highest 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)Strong
Among the 30% 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 ratioStrong
Among the 30% 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 ratioStrong
Among the 40% 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 40% 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 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 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 ratioVery strong
Among the 20% 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 debtStrong
Among the 40% highest rated companies in the industry
Profit relative to debt — the ability to create earnings while operating with debt.
EBITDA to debtStrong
Among the 40% highest rated companies in the 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 marginStrong
Among the 40% 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 turnoverAverage
Around the average of companies in the same industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
Equity to contributed capitalVery strong
Among the 10% 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 equityVery strong
Among the 10% highest rated companies in the industry
The size of this year's increase or decrease in the company's equity.
One-year change in debtVery strong
Among the 20% 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.
Annual reports & filings
- Annual report 2021Filed via Brønnøysundsregistrene · Period 2021-01-01 – 2021-12-31
- Annual report 2020Filed via Brønnøysundsregistrene · Period 2020-01-01 – 2020-12-31
- Annual report 2019Filed via Brønnøysundsregistrene · Period 2019-01-01 – 2019-12-31
- Annual report 2018Filed via Brønnøysundsregistrene · Period 2018-01-01 – 2018-12-31
- Annual report 2017Filed via Brønnøysundsregistrene · Period 2017-01-01 – 2017-12-31
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (1) | ||
EG Chief Executive Officer | Chief Executive Officer | 2006 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (3) | ||
JF Board of Directors | Board of Directors | 2022 |
CS Board of Directors | Board of Directors | 2022 |
PG Chairman | Chairman | 2022 |
Former (2)
EG Chairman | Chairman | 2020 – 2022 |
MI Board of Directors | Board of Directors | 2020 – 2022 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 100% | 100% | 2022 | |
| Company | 100% | 100% | 2020 |
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Company hierarchy
Ecura Bo Og Habilitering As
Varde Omsorg AS Board network connections
Board members of Varde Omsorg AS also hold positions in 49 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Chris Sørum | Board of Directors | 18 companiesMany roles |
| Per Gunnar Borhaug | Chairman | 15 companiesMany roles |
| Jonny Finstad | Board of Directors | 12 companiesMany roles |
| Eli Gåsemyr | Chief Executive Officer | 2 companies |
| May Irene Fløtre | Board of Directors | 2 companies |
Frequently asked questions
What is the Org number of Varde Omsorg AS?
Varde Omsorg AS is registered with Brønnøysundsregistrene under Org 990282552.
What is the revenue of Varde Omsorg AS?
Varde Omsorg AS reported revenue of NOK 31.9m in 2021.
How many employees does Varde Omsorg AS have?
Varde Omsorg AS employs 97 people as of the latest annual report.
Who is the CEO of Varde Omsorg AS?
Eli Gåsemyr is the CEO of Varde Omsorg AS.
Who is the chairman of Varde Omsorg AS?
Per Gunnar Borhaug chairs the board of Varde Omsorg AS, in role since 2022.
Where is Varde Omsorg AS headquartered?
Varde Omsorg AS's registered address is Damtjernveien 141.