Flagget Velforening

FLIActive

Org 999241794Flaggdalen 5, 5302 StrusshamnActivities of other membership organisations n.e.c.· NACE 9499Est. 2002 · 23 years old0 employeeshttps://flagget.com

Overview

Flagget Velforening is a Norwegian FLI based in Strusshamn, operating in the Activities of other membership organisations n.e.c. sector. Incorporated in 2002, the company has 0 employees and reported revenue of NOK 1.4m in its latest annual filing.

Revenue 2025

1.4M NOK

−7% vs 2024

EBITDA margin

5.1 %

−49% vs 2024

Net profit 2025

0.1M NOK

-31% vs 2024

Key ratios

See full ratios →

61.3 %

Average

Around the average of companies in the same industry

20212025

2.3×

Strong

Among the 40% highest rated companies in the industry

20212025

3.9 %

Average

Around the average of companies in the same industry

20212025

EBITDA — year on year

NOK thousands

Key figures

Annual report 2025

Revenue	1.4M NOK	-7%
EBITDA	0.1M NOK	-49%
Net profit	0.1M NOK	-31%
Total assets	1.4M NOK	+8%
Equity	0.9M NOK	+7%
Employees	0	—

Contact

Address

Flaggdalen 5, 5302 Strusshamn

Website

https://flagget.com

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Financial development

In its most recent annual report (2025), Flagget Velforening reported revenue of NOK 1.4m, a decrease 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 54.7k, and the EBITDA margin stood at 5.1%.

At the end of 2025, equity financed 61.3% of the balance sheet, and current assets covered short-term debt 2.3 times.

Financials

Revenue

NOK thousands

EBITDA

NOK thousands

Income statement

NOK thousands

Item	2025	2024	2023	2022	2021
Revenue	1,369	1,469	1,459	1,366	1,172
Staff expenses	-30	-26	-20	-20	-20
EBITDA	70	137	109	150	82
Depreciation & amort.	-18	-62	-36	-25	-5
EBIT	52	75	73	125	77
Net financials	3	3	-1	1	1
Profit before tax	55	79	73	126	77
Tax	-0	-0	-0	-0	-0
Net profit	55	79	73	126	77

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Balance sheet

NOK thousands

Item	2025	2024	2023	2022	2021
Total assets	1,400	1,294	1,251	1,171	847
Equity	859	804	725	653	527
Long-term debt	0	0	0	0	0
Short-term debt	541	490	526	518	320
Total debt	541	490	526	518	320

Financial ratios

5-year trend

EBITDA margin

5.1 %

20212025

Equity ratio

61.3 %

Average

Around the average of companies in the same industry

20212025

Return on equity

6.4 %

Average

Around the average of companies in the same industry

20212025

Net profit margin

4.0 %

Average

Around the average of companies in the same industry

20212025

Asset turnover

0.98×

Average

Around the average of companies in the same industry

20212025

Debt / equity

0.63×

Average

Around the average of companies in the same industry

20212025

Sector performance

25 of 28 ratios graded

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

Profitability

Gross marginStrong

Among the 40% 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 marginAverage

Around the average of companies in the same 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)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 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 ratioStrong

Among the 40% 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 ratioStrong

Among the 40% 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 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 rate on debtVery strong

Among the 10% highest rated companies in the industry

Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.

Interest marginAverage

Around the average of companies in the same 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.

Interest coverageNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

The ability to pay the interest on the company's debt out of its earnings.

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.

One-year change in equityStrong

Among the 40% highest rated companies in the industry

The size of this year's increase or decrease in the company's equity.

One-year change in debtWeak

Among the 40% lowest 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 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

Former (1)


KS Kjetil Solevåg Pedersen Contact Person	Contact Person	2014 – 2026

Board of directors

Non-executive oversight

Name	Role	Member since
Current (4)
KS Kjetil Solevåg Pedersen Chairman	Chairman	2020
TB Torkell Bjørnnes Håland Board of Directors	Board of Directors	2023
JA Jørgen Andre Huseklepp Board of Directors	Board of Directors	2020
HF Hanne Fjellhaug Board of Directors	Board of Directors	2026

Former (2)


ØW Øyvind Westad Olsen Board of Directors	Board of Directors	2020 – 2023
RK Rolf Kjøde Board of Directors	Board of Directors	2023 – 2026

Shareholders

Active legal owners

No shareholder data available.

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Related companies

Company hierarchy

No registered parent or subsidiaries

Board network connections

Board members of Flagget Velforening also hold positions in 23 other companies.

Person	Role here	Other companies
Øyvind Westad Olsen	Board of Directors	13 companiesMany roles
Rolf Kjøde	Board of Directors	5 companies
Jørgen Andre Huseklepp	Board of Directors	4 companies
Kjetil Solevåg Pedersen	Contact Person	1 company

Frequently asked questions

What is the Org number of Flagget Velforening?

Flagget Velforening is registered with Brønnøysundsregistrene under Org 999241794.

What is the revenue of Flagget Velforening?

Flagget Velforening reported revenue of NOK 1.4m in 2025.

Who is the chairman of Flagget Velforening?

Kjetil Solevåg Pedersen chairs the board of Flagget Velforening, in role since 2020.

Where is Flagget Velforening headquartered?

Flagget Velforening's registered address is Flaggdalen 5.