Liquidity
Strong2.58
How the figure is assessed
Current assets divided by current liabilities. Below 1.0 is weak, 1.0–1.5 needs attention and 1.5 or more is strong.
BORGSTEIN AS
Org. no. 824 783 802 · Private limited company (AS) · Active · Stålhaugen 9, 6065, ULSTEINVIK · ULSTEIN · 68.320 – Management of real estate on a fee or contract basis
ActiveVAT registeredRegister of Business Enterprises
- Organisation form
- AS
- Employees
- 13
- Established
- 31 January 2020
- Municipality
- ULSTEIN
- Industry code
- 68.320
BORGSTEIN AS is a private limited company (as) registered in ULSTEINVIK since 2020. The organisation number is 824 783 802. The register lists 13 employees. The latest submitted annual accounts are for 2025.
Source: The Brønnøysund Register Centre · Last updated 14 November 2026 at 23:49
Overview
Quick overview
Status and key figures
Based on the latest submitted annual accounts (2025) and registry data.
Profitability
Strong11.4 %
How the figure is assessed
Operating profit divided by operating revenue. Below 0% is weak, 0–10% needs attention and 10% or more is strong.
Solidity
Strong65.1 %
How the figure is assessed
Equity divided by assets. Below 10% is weak, 10–30% needs attention and 30% or more is strong.
- Operating revenue
- 290.2 m NOK
- +466.1 % vs. the year before
- Net result
- 254.7 m NOK
- Fiscal year 2025
- Equity
- 1.4 bn NOK
- Fiscal year 2025
- Status
- Active
- Central Coordinating Register
- Employees
- 13
- Registered in the Central Coordinating Register
- Founded
- 31 January 2020
- Place
- ULSTEINVIK
- Industry
- Management of real estate on a fee or contract basis
- 68.320
- Public contracts
- –
- Roles
- 10
- People and entities
The gauges are calculated key figures with open thresholds, not a credit assessment. All amounts come from the Register of Company Accounts.
Calculated by us
Proffi Risk Indicator
97
av 100
Low risk
Based on status, solvency, liquidity, profitability, trend and how recent the accounts are. Public register data only.
This is an indicative assessment, not a credit rating. It does not replace your own due diligence before entering into an agreement.
Proffi+
Proffi estimated value
Calculating …
Indicative model estimate based on public accounting figures and typical industry multiples. Not an appraisal, a valuation or investment advice.
Development
Revenue and profit
RevenueResult
Development
Solvency and profitability (%)
SolidityProfitability
Registry data
Company information
- Organisation number
- 824 783 802
- Organisation form
- Private limited company (AS)
- Registered in the Central Coordinating Register
- 18 March 2020
- Date of incorporation
- 31 January 2020
- Number of employees
- 13
- Language form
- Norwegian Nynorsk
- Latest submitted annual accounts
- 2025
- Deleted
- Not provided
- Website
- Not stated
- Bankruptcy date
- Not provided
Addresses
Visiting and postal address
Business address
Stålhaugen 96065 ULSTEINVIKULSTEIN municipalityNorgePostal address
Not registered
Industry
Industry and sector
- 68.320
Management of real estate on a fee or contract basis(main industry)
M Real estate activities › 68 Real estate activities › 68.3 Real estate activities on a fee or contract basis › 68.32 Management of real estate on a fee or contract basis
See the industry: largest companies and key figures →What does this industry cover?
Omfatter: Innkreving av husleie på honorar- eller kontraktbasis. Eiendomsforvaltning, f.eks. av fast eiendom eller boliger i sameie (for det meste utført på honorar- eller kontraktbasis). Taksering i forbindelse med kjøp, salg og utleie av fast eiendom på honorar- eller kontraktbasis. Deponeringsagentvirksomhet (escrowagentvirksomhet) i forbindelse med fast eiendom. Rådgivning på honorar- eller kontraktbasis i forbindelse med kjøp, salg og utleie av eiendom. Ekskluderer: Juridiske tjenester grupperes under 69.10 Juridisk tjenesteyting. Forvaltning av eiendeler som del av finansiell rådgivning grupperes under 70.20 Bedriftsrådgivning og annen administrativ rådgivning. Tjenesteyting i forbindelse med fasiliteter (kombinasjon av tjenesteytelser som f.eks. alminnelig innendørs rengjøring, vedlikehold og mindre reparasjoner, fjerning av avfall, vakt- og sikkerhetstjeneste) grupperes under 81.10 Kombinerte tjenester tilknyttet eiendomsdrift.
Institutional sector code: Private aksjeselskaper mv. (2100)
Statutory purpose
Formues- og eiendomsforvaltning og dermed beslektet virksomhet, samt å eie aksjer i selskaper med samme og lignende formål.
Registry status
Registrations and status
- Registered in the Register of Business Enterprises
- Registered in the VAT register
- Registered in the Register of Non-Profit Organisations
- Registered in the Register of Foundations
- Bankruptcy
- In liquidation
- In compulsory liquidation
Experiences
Reviews
Loading reviews …
Write a review
You must sign in with a verified email to write a review.
Accounts
Financial overview
Accounts and key figures
Fiscal year 2025 · Amounts in NOK
Data basis
6 stored years
Liquidity
Strong2.58
How the figure is assessed
Current assets divided by current liabilities. Below 1.0 is weak, 1.0–1.5 needs attention and 1.5 or more is strong.
Profitability
Strong11.4 %
How the figure is assessed
Operating profit divided by operating revenue. Below 0% is weak, 0–10% needs attention and 10% or more is strong.
Solidity
Strong65.1 %
How the figure is assessed
Equity divided by assets. Below 10% is weak, 10–30% needs attention and 30% or more is strong.
Key numbers and development
Only reported amounts from the Register of Company Accounts
| Accounting item | 2025 | 2025 | 2024 | Development |
|---|---|---|---|---|
| Operating revenue | 290,215,995 | 51,267,688 | 61,461,224 | |
| Operating profit | 33,042,090 | 21,323,415 | 31,371,556 | |
| Profit before tax | 273,271,823 | 20,335,790 | 73,960,087 | |
| Net result | 254,743,868 | 23,546,322 | 61,760,362 | |
| Total assets | 2,114,204,543 | 1,190,450,934 | 1,151,384,511 | |
| Equity | 1,377,301,634 | 789,436,914 | 788,390,592 | |
| Liabilities | 736,902,909 | 401,014,019 | 362,993,918 |
The gauges are calculated key figures with open thresholds. They are not a credit assessment.
Graphical analysis
6 fiscal years (2023–2025)
- Operating revenue 2025
- 290,215,995 NOK
- Net result 2025
- 254,743,868 NOK
- Revenue growth
- –
Revenue and profit
Amounts in NOK
Operating margin
Calculated by us, in percent
Equity and liabilities
Balance sheet in NOK
Register of Company Accounts
Annual accounts 2025
Period 2025-01-01 to 2025-12-31. Currency NOK. Audited annual accounts.
Income statement
| Total operating revenue | 290,215,995 NOK |
|---|---|
| Total operating expenses | 257,173,905 NOK |
| Operating profit | 33,042,090 NOK |
| Total financial income | 315,055,625 NOK |
| Total financial expenses | 74,825,893 NOK |
| Net financial items | 240,229,733 NOK |
| Profit before tax | 273,271,823 NOK |
| Net result | 254,743,868 NOK |
Assets
| Total fixed assets | 2,005,679,390 NOK |
|---|---|
| Total current assets | 108,525,154 NOK |
| Total assets | 2,114,204,543 NOK |
Equity and liabilities
| Paid-in equity | 314,275,141 NOK |
|---|---|
| Retained earnings | 1,063,026,493 NOK |
| Total equity | 1,377,301,634 NOK |
| Current liabilities | 42,020,396 NOK |
| Long-term liabilities | 694,882,513 NOK |
| Total debt | 736,902,909 NOK |
| Total equity and liabilities | 2,114,204,543 NOK |
Register of Company Accounts
Annual accounts 2025
Period 2025-01-01 to 2025-12-31. Currency NOK. Audited annual accounts.
Income statement
| Total operating revenue | 51,267,688 NOK |
|---|---|
| Total operating expenses | 29,944,273 NOK |
| Operating profit | 21,323,415 NOK |
| Total financial income | 55,689,139 NOK |
| Total financial expenses | 56,676,763 NOK |
| Net financial items | -987,624 NOK |
| Profit before tax | 20,335,790 NOK |
| Net result | 23,546,322 NOK |
Assets
| Total fixed assets | 1,090,565,351 NOK |
|---|---|
| Total current assets | 99,885,583 NOK |
| Total assets | 1,190,450,934 NOK |
Equity and liabilities
| Paid-in equity | 314,275,141 NOK |
|---|---|
| Retained earnings | 475,161,773 NOK |
| Total equity | 789,436,914 NOK |
| Current liabilities | 88,326,350 NOK |
| Long-term liabilities | 312,687,669 NOK |
| Total debt | 401,014,019 NOK |
| Total equity and liabilities | 1,190,450,934 NOK |
Register of Company Accounts
Annual accounts 2024
Period 2024-01-01 to 2024-12-31. Currency NOK. Audited annual accounts.
Income statement
| Total operating revenue | 61,461,224 NOK |
|---|---|
| Total operating expenses | 30,089,668 NOK |
| Operating profit | 31,371,556 NOK |
| Total financial income | 61,457,929 NOK |
| Total financial expenses | 18,869,399 NOK |
| Net financial items | 42,588,530 NOK |
| Profit before tax | 73,960,087 NOK |
| Net result | 61,760,362 NOK |
Assets
| Total fixed assets | 1,103,379,135 NOK |
|---|---|
| Total current assets | 48,005,375 NOK |
| Total assets | 1,151,384,511 NOK |
Equity and liabilities
| Paid-in equity | 314,275,141 NOK |
|---|---|
| Retained earnings | 474,115,451 NOK |
| Total equity | 788,390,592 NOK |
| Current liabilities | 45,192,608 NOK |
| Long-term liabilities | 317,801,311 NOK |
| Total debt | 362,993,918 NOK |
| Total equity and liabilities | 1,151,384,511 NOK |
Register of Company Accounts
Annual accounts 2024
Period 2024-01-01 to 2024-12-31. Currency NOK. Audited annual accounts.
Income statement
| Total operating revenue | 71,959,306 NOK |
|---|---|
| Total operating expenses | 41,739,261 NOK |
| Operating profit | 30,220,045 NOK |
| Total financial income | 165,172,044 NOK |
| Total financial expenses | 33,579,683 NOK |
| Net financial items | 131,592,361 NOK |
| Profit before tax | 161,812,406 NOK |
| Net result | 120,678,776 NOK |
Assets
| Total fixed assets | 1,851,836,779 NOK |
|---|---|
| Total current assets | 87,771,273 NOK |
| Total assets | 1,939,608,052 NOK |
Equity and liabilities
| Paid-in equity | 314,275,141 NOK |
|---|---|
| Retained earnings | 890,215,245 NOK |
| Total equity | 1,204,490,385 NOK |
| Current liabilities | 35,751,037 NOK |
| Long-term liabilities | 699,366,630 NOK |
| Total debt | 735,117,666 NOK |
| Total equity and liabilities | 1,939,608,052 NOK |
Register of Company Accounts
Annual accounts 2023
Period 2023-01-01 to 2023-12-31. Currency NOK. Audited annual accounts.
Income statement
| Total operating revenue | 61,110,308 NOK |
|---|---|
| Total operating expenses | 44,708,823 NOK |
| Operating profit | 16,401,484 NOK |
| Total financial income | 510,929,557 NOK |
| Total financial expenses | 58,987,815 NOK |
| Net financial items | 451,941,741 NOK |
| Profit before tax | 468,343,226 NOK |
| Net result | 381,941,594 NOK |
Assets
| Total fixed assets | 1,570,269,768 NOK |
|---|---|
| Total current assets | 94,225,378 NOK |
| Total assets | 1,664,495,146 NOK |
Equity and liabilities
| Paid-in equity | 314,275,141 NOK |
|---|---|
| Retained earnings | 741,193,761 NOK |
| Total equity | 1,055,468,901 NOK |
| Current liabilities | 20,897,286 NOK |
| Long-term liabilities | 588,128,959 NOK |
| Total debt | 609,026,244 NOK |
| Total equity and liabilities | 1,664,495,146 NOK |
Register of Company Accounts
Annual accounts 2023
Period 2023-01-01 to 2023-12-31. Currency NOK. Audited annual accounts.
Income statement
| Total operating revenue | 49,668,283 NOK |
|---|---|
| Total operating expenses | 31,896,055 NOK |
| Operating profit | 17,772,229 NOK |
| Total financial income | 374,119,128 NOK |
| Total financial expenses | 45,533,695 NOK |
| Net financial items | 328,585,433 NOK |
| Profit before tax | 346,357,662 NOK |
| Net result | 346,089,429 NOK |
Assets
| Total fixed assets | 954,717,377 NOK |
|---|---|
| Total current assets | 48,778,378 NOK |
| Total assets | 1,003,495,755 NOK |
Equity and liabilities
| Paid-in equity | 314,275,141 NOK |
|---|---|
| Retained earnings | 412,355,089 NOK |
| Total equity | 726,630,230 NOK |
| Current liabilities | 24,905,297 NOK |
| Long-term liabilities | 251,960,228 NOK |
| Total debt | 276,865,525 NOK |
| Total equity and liabilities | 1,003,495,755 NOK |
Source: Register of Company Accounts, Brønnøysund Register Centre. Figures are shown as submitted, and historical years are never overwritten by newer submissions.
Key figures
Calculated by us
Key figures
| Key figures | 2025 | 2025 | 2024 | 2024 | 2023 | 2023 |
|---|---|---|---|---|---|---|
| Revenue growthChange in total operating revenue from the previous fiscal year. | – | -16.6 % | – | 17.8 % | – | – |
| Operating marginOperating profit divided by total operating revenue. | 11.4 % | 41.6 % | 51 % | 42 % | 26.8 % | 35.8 % |
| Profit marginOrdinary profit before tax divided by total operating revenue. | 94.2 % | 39.7 % | 120.3 % | 224.9 % | 766.4 % | 697.3 % |
| Equity ratioTotal equity divided by total assets. | 65.1 % | 66.3 % | 68.5 % | 62.1 % | 63.4 % | 72.4 % |
| Current ratioTotal current assets divided by total current liabilities. | 2.58 | 1.13 | 1.06 | 2.46 | 4.51 | 1.96 |
| Debt ratioTotal liabilities divided by total equity. | 0.54 | 0.51 | 0.46 | 0.61 | 0.58 | 0.38 |
| Return on assetsOrdinary profit before tax plus financial expenses, divided by total assets. | 16.5 % | 6.5 % | 8.1 % | 10.1 % | 31.7 % | 39.1 % |
| Return on equityNet profit divided by total equity. | 18.5 % | 3 % | 7.8 % | 10 % | 36.2 % | 47.6 % |
About the calculation
The key figures are calculated by us (formula version v1) from public accounts in the Register of Company Accounts. A figure is only calculated when all input values exist and the denominator is not zero. The figures are not a credit assessment.
Roles and owners
Registry data
Roles
Chief executive officer
- Chief executive officerMorten Ulstein
Board
- Chair of the boardMorten Ulstein
- Board memberIngunn Merete Ulstein Botnen
- Board memberHenning Ulstein
- Board memberHåvard Ulstein
- Board memberSvein Idar Ulstein
- Board memberIngrid Margrethe Ulstein
- Board memberHanne Birthe Ulstein
Auditor
- AuditorBDO AS
Accountant
- AccountantHASUND AS
Source: The Brønnøysund Register Centre. We only show name and role as published by the register – never date of birth or private address.
Organisation
Structure
Organisation structure
- Entity type
- Main entity
- Parent entity
- Not stated
- Number of sub-units
- 1
Overview
Structure map
BORGSTEIN AS
BORGSTEIN AS
ULSTEINVIK · 13 employees
Registry data
Sub-units
| Name | Org. no. | Place | Employees |
|---|---|---|---|
| BORGSTEIN ASManagement of real estate on a fee or contract basis | 981 986 660 | ULSTEINVIK | 13 |
Changes
Registry data
Change history
Retrieved from the Brønnøysund Register Centre's official change log. Each line shows what changed, the previous value, the new value and when the change happened.
15 October 2026 at 16:35
Antall ansatte
Before: 15
After: 13
More about the company
This has not been registered yet. We never show made-up information.
Services and products
The company has not added any services yet.
Public approvals
Not in the Norwegian Building Authority's central approval register.
Public contracts
No notices found in TED where the company is a supplier or contracting authority.
Documents
Certificates of registration and other documents require a separate agreement with a document provider.
Transparency
Sources and data quality
Company information
Brønnøysund Register Centre · Public register
Last retrieved 14 November 2026 at 23:49
Open official sourceRoles
Brønnøysund Register Centre · Public register
Last retrieved 14 November 2026 at 23:49
Open official sourceAccounts and key figures
Register of Company Accounts · Public register
Last retrieved 14 November 2026 at 23:49
Open official sourceAddress (verified)
Norwegian Mapping Authority – Geonorge address API · Public register
Last retrieved 14 November 2026 at 23:49
Open official sourceCentral approval
Norwegian Building Authority (DiBK) · No approval found
Last retrieved 14 November 2026 at 23:49
Open official sourceIndustry standard (SN2007)
Statistics Norway – KLASS · Official standard
Last retrieved 14 November 2026 at 23:49
Open official source
Public registry data is updated periodically and cannot be changed by the company. Calculated figures are marked “Calculated by us”.
Report an errorSource
Public registry fields on this page come from the Central Coordinating Register and cannot be changed by the company. Self-reported content is marked separately.
Read about the data sources