Liquidity
Strong2.09
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.
LETNES AS
Org. no. 989 057 154 · Private limited company (AS) · Active · Utøyvegen 760, 7670, INDERØY · INDERØY · 43.120 – Site preparation
ActiveRegister of Business Enterprises
- Organisation form
- AS
- Employees
- Not registered
- Established
- 29 November 2005
- Municipality
- INDERØY
- Industry code
- 43.120
LETNES AS is a private limited company (as) registered in INDERØY since 2005. The organisation number is 989 057 154. The latest submitted annual accounts are for 2025.
Source: The Brønnøysund Register Centre · Last updated 14 November 2026 at 23:16
Overview
Quick overview
Status and key figures
Based on the latest submitted annual accounts (2025) and registry data.
Profitability
Watch3.3 %
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
Strong85.5 %
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
- 279.4 m NOK
- Fiscal year 2025
- Net result
- 7.4 m NOK
- Fiscal year 2025
- Equity
- 118.4 m NOK
- Fiscal year 2025
- Status
- Active
- Central Coordinating Register
- Employees
- –
- Registered in the Central Coordinating Register
- Founded
- 29 November 2005
- Place
- INDERØY
- Industry
- Site preparation
- 43.120
- Public contracts
- –
- Roles
- 5
- 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
88
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
- 989 057 154
- Organisation form
- Private limited company (AS)
- Registered in the Central Coordinating Register
- 15 December 2005
- Date of incorporation
- 29 November 2005
- Number of employees
- No registered employees
- Language form
- Norwegian Bokmål
- Latest submitted annual accounts
- 2025
- Deleted
- Not provided
- Website
- Not stated
- Bankruptcy date
- Not provided
Addresses
Visiting and postal address
Business address
Utøyvegen 7607670 INDERØYINDERØY municipalityNorgePostal address
Not registered
Industry
Industry and sector
- 43.120
Site preparation(main industry)
F Construction › 43 Specialised construction activities › 43.1 Demolition and site preparation › 43.12 Site preparation
See the industry: largest companies and key figures →What does this industry cover?
Inkluderer: Omfatter klargjøring av byggeplasser: utgraving, drenering, graving av grøfter, rensking, sprenging, sortering, planering, bortkjøring og deponering av masser mv. og forberedende anleggsarbeider i forbindelse med utvinning av mineraler og gruvedrift, unntatt for olje- og gassfelt Inkluderer også: Omfatter også dreneringsarbeid innenfor jordbruk og skogbruk Ekskluderer: Boring etter olje eller gass grupperes under hhv.: 06.10 Utvinning av råolje og: 06.20 Utvinning av naturgass. Rensing av jord grupperes under: 39.00 Miljørydding, miljørensing og lignende virksomhet. Brønnboring grupperes under: 42.21 Bygging av vann- og kloakkanlegg. Graving av sjakter grupperes under: 43.99 Annen spesialisert bygge- og anleggsvirksomhet
Institutional sector code: Private aksjeselskaper mv. (2100)
Statutory purpose
Investering i aksjer, eiendommer og investering i annet.
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
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Accounts
Financial overview
Accounts and key figures
Fiscal year 2025 · Amounts in NOK
Data basis
6 stored years
Liquidity
Strong2.09
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
Watch3.3 %
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
Strong85.5 %
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 | 279,406,238 | – | 188,798,186 | |
| Operating profit | 9,166,166 | -85,418 | 717,110 | |
| Profit before tax | 9,835,011 | 141,167 | 1,433,804 | |
| Net result | 7,415,518 | -877,831 | 876,373 | |
| Total assets | 138,473,982 | 53,026,143 | 183,217,056 | |
| Equity | 118,383,823 | 46,564,970 | 113,968,306 | |
| Liabilities | 45,026,838 | 6,461,173 | 69,248,749 |
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
- 279,406,238 NOK
- Net result 2025
- 7,415,518 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 | 279,406,238 NOK |
|---|---|
| Total operating expenses | 270,240,072 NOK |
| Operating profit | 9,166,166 NOK |
| Total financial income | 2,440,716 NOK |
| Total financial expenses | 1,771,871 NOK |
| Net financial items | 668,845 NOK |
| Profit before tax | 9,835,011 NOK |
| Net result | 7,415,518 NOK |
Assets
| Total fixed assets | 62,519,347 NOK |
|---|---|
| Total current assets | 75,954,635 NOK |
| Total assets | 138,473,982 NOK |
Equity and liabilities
| Paid-in equity | 1,164,089 NOK |
|---|---|
| Retained earnings | 116,492,121 NOK |
| Total equity | 118,383,823 NOK |
| Current liabilities | 36,274,048 NOK |
| Long-term liabilities | 8,752,790 NOK |
| Total debt | 45,026,838 NOK |
| Total equity and liabilities | 163,410,661 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 expenses | 85,418 NOK |
|---|---|
| Operating profit | -85,418 NOK |
| Total financial income | 4,757,631 NOK |
| Total financial expenses | 4,531,046 NOK |
| Net financial items | 226,585 NOK |
| Profit before tax | 141,167 NOK |
| Net result | -877,831 NOK |
Assets
| Total fixed assets | 22,248,200 NOK |
|---|---|
| Total current assets | 30,777,943 NOK |
| Total assets | 53,026,143 NOK |
Equity and liabilities
| Paid-in equity | 1,164,089 NOK |
|---|---|
| Retained earnings | 45,400,881 NOK |
| Total equity | 46,564,970 NOK |
| Current liabilities | 4,631,538 NOK |
| Long-term liabilities | 1,829,635 NOK |
| Total debt | 6,461,173 NOK |
| Total equity and liabilities | 53,026,143 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 | 188,798,186 NOK |
|---|---|
| Total operating expenses | 188,081,076 NOK |
| Operating profit | 717,110 NOK |
| Total financial income | 884,188 NOK |
| Total financial expenses | 167,494 NOK |
| Net financial items | 716,694 NOK |
| Profit before tax | 1,433,804 NOK |
| Net result | 876,373 NOK |
Assets
| Total fixed assets | 57,120,133 NOK |
|---|---|
| Total current assets | 126,096,923 NOK |
| Total assets | 183,217,056 NOK |
Equity and liabilities
| Paid-in equity | 1,164,089 NOK |
|---|---|
| Retained earnings | 112,804,217 NOK |
| Total equity | 113,968,306 NOK |
| Current liabilities | 60,299,552 NOK |
| Long-term liabilities | 8,949,197 NOK |
| Total debt | 69,248,749 NOK |
| Total equity and liabilities | 183,217,055 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 expenses | 91,248 NOK |
|---|---|
| Operating profit | -91,248 NOK |
| Total financial income | 1,385,798 NOK |
| Total financial expenses | 54,585 NOK |
| Net financial items | 1,331,213 NOK |
| Profit before tax | 1,239,965 NOK |
| Net result | 966,981 NOK |
Assets
| Total fixed assets | 23,120,660 NOK |
|---|---|
| Total current assets | 28,029,479 NOK |
| Total assets | 51,150,139 NOK |
Equity and liabilities
| Paid-in equity | 1,164,089 NOK |
|---|---|
| Retained earnings | 49,278,712 NOK |
| Total equity | 50,442,801 NOK |
| Current liabilities | 272,984 NOK |
| Long-term liabilities | 434,354 NOK |
| Total debt | 707,338 NOK |
| Total equity and liabilities | 51,150,139 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 | 207,100,863 NOK |
|---|---|
| Total operating expenses | 196,438,655 NOK |
| Operating profit | 10,662,208 NOK |
| Total financial income | 1,068,365 NOK |
| Total financial expenses | 412,521 NOK |
| Net financial items | 655,844 NOK |
| Profit before tax | 11,318,052 NOK |
| Net result | 8,498,111 NOK |
Assets
| Total fixed assets | 67,348,227 NOK |
|---|---|
| Total current assets | 91,913,887 NOK |
| Total assets | 159,262,114 NOK |
Equity and liabilities
| Paid-in equity | 1,164,089 NOK |
|---|---|
| Retained earnings | 113,927,843 NOK |
| Total equity | 115,091,932 NOK |
| Current liabilities | 31,810,159 NOK |
| Long-term liabilities | 12,360,023 NOK |
| Total debt | 44,170,182 NOK |
| Total equity and liabilities | 159,262,114 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 expenses | 97,887 NOK |
|---|---|
| Operating profit | -97,887 NOK |
| Total financial income | 2,000,806 NOK |
| Total financial expenses | 30,293 NOK |
| Net financial items | 1,970,513 NOK |
| Profit before tax | 1,872,626 NOK |
| Net result | 1,666,608 NOK |
Assets
| Total fixed assets | 23,120,660 NOK |
|---|---|
| Total current assets | 29,107,198 NOK |
| Total assets | 52,227,858 NOK |
Equity and liabilities
| Paid-in equity | 1,164,089 NOK |
|---|---|
| Retained earnings | 50,311,731 NOK |
| Total equity | 51,475,820 NOK |
| Long-term liabilities | 752,038 NOK |
| Total debt | 752,038 NOK |
| Total equity and liabilities | 52,227,858 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 |
|---|---|---|---|---|---|---|
| Operating marginOperating profit divided by total operating revenue. | 3.3 % | – | 0.4 % | – | 5.1 % | – |
| Profit marginOrdinary profit before tax divided by total operating revenue. | 3.5 % | – | 0.8 % | – | 5.5 % | – |
| Equity ratioTotal equity divided by total assets. | 85.5 % | 87.8 % | 62.2 % | 98.6 % | 72.3 % | 98.6 % |
| Current ratioTotal current assets divided by total current liabilities. | 2.09 | 6.65 | 2.09 | 102.68 | 2.89 | – |
| Debt ratioTotal liabilities divided by total equity. | 0.38 | 0.14 | 0.61 | 0.01 | 0.38 | 0.01 |
| Return on assetsOrdinary profit before tax plus financial expenses, divided by total assets. | 8.4 % | 8.8 % | 0.9 % | 2.5 % | 7.4 % | 3.6 % |
| Return on equityNet profit divided by total equity. | 6.3 % | -1.9 % | 0.8 % | 1.9 % | 7.4 % | 3.2 % |
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 officerDavid Letnes
Board
- Chair of the boardDavid Letnes
- Deputy board memberKirsten Margrete Skjervold Letnes
Auditor
- AuditorBDO AS
Accountant
- AccountantBERG ØKONOMI 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
- 0
No sub-units
The company has no registered sub-units in the Central Coordinating Register.
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.
Registered changes
We show changes from the Brønnøysund Register Centre's change log from the next registered change.
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 23:16
Open official sourceRoles
Brønnøysund Register Centre · Public register
Last retrieved 14 November 2026 at 23:16
Open official sourceAccounts and key figures
Register of Company Accounts · Public register
Last retrieved 14 November 2026 at 23:16
Open official sourceAddress (verified)
Norwegian Mapping Authority – Geonorge address API · Public register
Last retrieved 14 November 2026 at 23:16
Open official sourceCentral approval
Norwegian Building Authority (DiBK) · No approval found
Last retrieved 14 November 2026 at 23:16
Open official sourceIndustry standard (SN2007)
Statistics Norway – KLASS · Official standard
Last retrieved 14 November 2026 at 23:16
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