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COMPANY CARD COMPANY

BORGSTEIN AS

Business reg. no. 824 783 802ASULSTEINIndustry code 68.320

Eiendomsforvaltning på oppdrag

Equity ratio: Good · 66,3 % (2025)

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Company financial statements in NOK · 2023: 49 668 283 NOK · 2024: 61 461 224 NOK · 2025: 51 267 688 NOK
2023–2025 · NOK
Operating revenue51,3 mill. NOK
2025 · company↓ 16,6 % from 2024
Company financial statements in NOK · 2023: 17 772 229 NOK · 2024: 31 371 556 NOK · 2025: 21 323 415 NOK
2023–2025 · NOK
Operating income · EBIT21,3 mill. NOK
2025 · company↓ 32,0 % from 2024

41,6 % EBIT-margin

Registered employees13 employees
RegistrertRegistry data 06.11.2026

FINANCIALS

Financial statements and key figures

Amount in whole currency units
Company financial statements

Amount in NOK

Company financial statements · amounts without rounding to thousands for display
Financial statement item202520242023
CurrencyNOKNOKNOK
Operating revenue51 267 68861 461 22449 668 283
Operating profit21 323 41531 371 55617 772 229
Net income23 546 32261 760 362346 089 429
Equity789 436 914788 390 592726 630 230
Total assets1 190 450 9341 151 384 5111 003 495 755
EBIT margin41,6 %51,0 %35,8 %

Indicators: equity / assets and EBIT / operating revenue. Midline is 0%, scale −100% to +100%. Not a credit assessment.

Show trend in NOK
Operating revenueNOK · 2023–202551,3 mill. NOK
↓ 16,6 % from 2024
Operating revenue202320242025

Click the year markers for exact amounts. Missing years create gaps. The financial statement table above shows all amounts.

Operating profitNOK · 2023–202521,3 mill. NOK
↓ 32,0 % from 2024
Operating profit202320242025

Click the year markers for exact amounts. Missing years create gaps. The financial statement table above shows all amounts.

Sources and conversion basis

Companies and corporate groups are kept separate. The same historical annual exchange rate is used for income statement and balance sheet figures. Missing values are shown as “—”. Actual zero values are retained.

  • 2025 · NOK · original-NOK · source version 9258d935c72a
  • 2024 · NOK · original-NOK · source version 19798c19c8e6
  • 2023 · NOK · original-NOK · source version 06a34159aa0c

Expand for more financial statement items. We show items with information in at least one year. “—” means a value is missing for that year.

Income statement12 entries with information
Company financial statements · Income statement · whole currency units
Financial statement item202520242023
Operating revenue
Total sales revenue51 267 68854 625 68949 214 283
Total operating revenue51 267 68861 461 22449 668 283
Operating expenses
Wage costs14 572 77613 976 07115 244 818
Total operating expenses29 944 27330 089 66831 896 055
Operating profit
Operating income (EBIT)21 323 41531 371 55617 772 229
Financial income
Total finance income55 689 13961 457 929374 119 128
Financial expenses
Total finance costs56 676 76318 869 39945 533 695
Net finance result-987 62442 588 530328 585 433
Results and tax
Income before tax20 335 79073 960 087346 357 662
Tax expense on ordinary income-3 210 53212 199 725268 233
Net income23 546 32261 760 362346 089 429
Total comprehensive income23 546 32261 760 362346 089 429
Balance sheet12 entries with information
Company financial statements · Balance sheet · whole currency units
Financial statement item202520242023
Financial fixed assets
Total non-current assets1 090 565 3511 103 379 135954 717 377
Current assets
Total receivables89 260 00343 537 07139 374 210
Total cash and cash equivalents10 625 5804 468 3049 404 169
Total current assets99 885 58348 005 37548 778 378
Total assets1 190 450 9341 151 384 5111 003 495 755
Equity
Total paid-in equity314 275 141314 275 141314 275 141
Total retained earnings475 161 773474 115 451412 355 089
Total equity789 436 914788 390 592726 630 230
Provisions and long-term liabilities
Total long-term liabilities312 687 669317 801 311251 960 228
Current liabilities
Total current liabilities88 326 35045 192 60824 905 297
Total liabilities401 014 019362 993 918276 865 525
Total
Total equity and liabilities1 190 450 9341 151 384 5111 003 495 755
Executive salaryUnavailable

No information in the available financial statement data.

Consolidated financial statements

Amount in NOK

Consolidated financial statements · amounts without rounding to thousands for display
Financial statement item202520242023
CurrencyNOKNOKNOK
Operating revenue290 215 99571 959 30661 110 308
Operating profit33 042 09030 220 04516 401 484
Net income254 743 868120 678 776381 941 594
Equity1 377 301 6341 204 490 3851 055 468 901
Total assets2 114 204 5431 939 608 0521 664 495 146
EBIT margin11,4 %42,0 %26,8 %

Indicators: equity / assets and EBIT / operating revenue. Midline is 0%, scale −100% to +100%. Not a credit assessment.

Show trend in NOK
Operating revenueNOK · 2023–2025290,2 mill. NOK
↑ 303,3 % from 2024
Operating revenue202320242025

Click the year markers for exact amounts. Missing years create gaps. The financial statement table above shows all amounts.

Operating profitNOK · 2023–202533,0 mill. NOK
↑ 9,3 % from 2024
Operating profit202320242025

Click the year markers for exact amounts. Missing years create gaps. The financial statement table above shows all amounts.

Sources and conversion basis

Companies and corporate groups are kept separate. The same historical annual exchange rate is used for income statement and balance sheet figures. Missing values are shown as “—”. Actual zero values are retained.

  • 2025 · NOK · original-NOK · source version 554d7b10a54d
  • 2024 · NOK · original-NOK · source version 50e8cdfa3ba2
  • 2023 · NOK · original-NOK · source version 5371f1c061d5

Expand for more financial statement items. We show items with information in at least one year. “—” means a value is missing for that year.

Income statement12 entries with information
Consolidated financial statements · Income statement · whole currency units
Financial statement item202520242023
Operating revenue
Total sales revenue290 195 99565 123 77160 656 307
Total operating revenue290 215 99571 959 30661 110 308
Operating expenses
Wage costs17 297 67616 919 16517 991 030
Total operating expenses257 173 90541 739 26144 708 823
Operating profit
Operating income (EBIT)33 042 09030 220 04516 401 484
Financial income
Total finance income315 055 625165 172 044510 929 557
Financial expenses
Total finance costs74 825 89333 579 68358 987 815
Net finance result240 229 733131 592 361451 941 741
Results and tax
Income before tax273 271 823161 812 406468 343 226
Tax expense on ordinary income18 527 95541 133 63086 401 632
Net income254 743 868120 678 776381 941 594
Total comprehensive income254 743 868120 678 776381 941 594
Balance sheet14 entries with information
Consolidated financial statements · Balance sheet · whole currency units
Financial statement item202520242023
Financial fixed assets
Total non-current assets2 005 679 3901 851 836 7791 570 269 768
Current assets
Total inventory905 494696 304814 085
Total receivables20 331 96227 409 30128 640 471
Total investments87 287 69859 665 66864 770 822
Total cash and cash equivalents19 867 0637 997 24715 184 565
Total current assets108 525 15487 771 27394 225 378
Total assets2 114 204 5431 939 608 0521 664 495 146
Equity
Total paid-in equity314 275 141314 275 141314 275 141
Total retained earnings1 063 026 493890 215 245741 193 761
Total equity1 377 301 6341 204 490 3851 055 468 901
Provisions and long-term liabilities
Total long-term liabilities694 882 513699 366 630588 128 959
Current liabilities
Total current liabilities42 020 39635 751 03720 897 286
Total liabilities736 902 909735 117 666609 026 244
Total
Total equity and liabilities2 114 204 5431 939 608 0521 664 495 146
Executive salaryUnavailable

No information in the available financial statement data.

REGISTRY INFORMATION

Company at a glance

Registrert
Industry
68.320 · Eiendomsforvaltning på oppdrag
Registered address
Stålhaugen 9, 6065 ULSTEINVIK
Founded
31.01.2020
Entity type
Main entity

ADDRESS AND PROPERTY

Property information

Open data

Stålhaugen 9, 6065 ULSTEINVIK

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    About the address match

    Same registered street address, postal code, and municipality. This does not document ownership, tenancy, or who uses the building. The address match does not identify a specific unit or dwelling. Open information does not show titleholders, sale date, plot area, or a complete building overview.

    REGISTERED ROLES

    The people and companies behind it.

    Search registered roles →Explore positions and documented connections.
    NameRoleSource date
    Morten UlsteinBorn 1953Styrets leder06.11.2026
    Morten UlsteinBorn 1953Daglig leder06.11.2026
    Ingunn Merete Ulstein BotnenBorn 1955Styremedlem06.11.2026
    Henning UlsteinBorn 1956Styremedlem06.11.2026
    Hanne Birthe UlsteinBorn 1986Styremedlem06.11.2026
    BDO ASView role recordRevisor06.11.2026
    Svein Idar UlsteinBorn 1963Styremedlem06.11.2026
    Håvard UlsteinBorn 1959Styremedlem06.11.2026
    HASUND ASView role recordRegnskapsfører06.11.2026
    Ingrid Margrethe UlsteinBorn 1985Styremedlem06.11.2026

    Source: Brønnøysund Register Centre. A registered role is not documentation of direct contact information.

    YEAR-DATED OWNERSHIP

    Reported shareholders.

    Search shareholders →Find a shareholder and follow reported ownership entries.

    As of 31 December 2025 · 5 av 5 available ownership entries

    ShareholderShare / share classSource date
    EXCALIBUR ASView ownership entryView share entries →20,00 % · Ordinære aksjer31.12.2025
    HENNA INVEST ASView ownership entryView share entries →20,00 % · Ordinære aksjer31.12.2025
    KNIVEN INVEST ASView ownership entryView share entries →20,00 % · Ordinære aksjer31.12.2025
    MIMAR BORGSTEIN ASView ownership entryView share entries →20,00 % · Ordinære aksjer31.12.2025
    REITEN ASView ownership entryView share entries →20,00 % · Ordinære aksjer31.12.2025
    Distribution of share count 31.12.2025
    100,0 %displayed share of shares
    • EXCALIBUR ASOrdinære aksjer20,00 %
    • HENNA INVEST ASOrdinære aksjer20,00 %
    • KNIVEN INVEST ASOrdinære aksjer20,00 %
    • MIMAR BORGSTEIN ASOrdinære aksjer20,00 %
    • REITEN ASOrdinære aksjer20,00 %

    Fixed scale 0–100%. Shares are not normalized. Any unfilled portion is outside the displayed total.

    Source: Skatteetaten. Ownership share is a share of the number of shares, not necessarily voting rights or control. Person names refer to separate source records. Similar names are not automatically the same person.

    Previously reported ownership entries (10)

    YEAR-DATED OWNERSHIP

    Company share entries

    The company’s own investments in other businesses. Shareholders who own the company are shown under Ownership.

    Count direct ownership entries could not be retrieved.

    Source and scope

    Skatteetaten / Aksjonærregisteret. Every level uses the same source year and source set. Further links follow Norwegian business registration numbers; foreign identifiers are not linked automatically. Calculated share is the product of reported share count / total shares at each level, not voting rights, control, or today’s shareholder register. Partial source coverage is stated at the relevant level; unresolved calculation basis is shown without a percentage.

    Up to 500 source records examined; the view may be limited. Missing matches do not prove that ownership is absent.

    YEAR-DATED OWNERSHIP

    Indirect ownership

    Explore documented ownership paths through companies. Each path and share class is shown separately; shares are not added together.

    Count indirect ownership paths could not be retrieved.

    Source and scope

    Skatteetaten / Aksjonærregisteret. Every level uses the same source year and source set. Further links follow Norwegian business registration numbers; foreign identifiers are not linked automatically. Calculated share is the product of reported share count / total shares at each level, not voting rights, control, or today’s shareholder register. Partial source coverage is stated at the relevant level; unresolved calculation basis is shown without a percentage.

    Up to four ownership levels, 32 company lookups, and 250 chains are examined within a short time budget. This is a limited selection, not a ranking of the largest 250. Cycles are stopped. Missing matches do not prove that ownership is absent.

    CONNECTIONS

    Explore the ownership structure.

    Directly reported ownership entries are shown first. Open the map to explore further.

    Direct ownership entries without an interactive map

    As of 31 December 2025 · 5 av 5 available ownership entries

    ShareholderShare / share classSource date
    EXCALIBUR ASView ownership entryView share entries →20,00 % · Ordinære aksjer31.12.2025
    HENNA INVEST ASView ownership entryView share entries →20,00 % · Ordinære aksjer31.12.2025
    KNIVEN INVEST ASView ownership entryView share entries →20,00 % · Ordinære aksjer31.12.2025
    MIMAR BORGSTEIN ASView ownership entryView share entries →20,00 % · Ordinære aksjer31.12.2025
    REITEN ASView ownership entryView share entries →20,00 % · Ordinære aksjer31.12.2025

    Source: Skatteetaten / Aksjonærregisteret. Year-dated share ownership is not necessarily today’s voting rights or corporate control.

    Open interactive map for direct ownership entries

    CONNECTIONS

    Explore the ownership structure.

    See owners and open further company levels, using the same year throughout the tree.

    Year-end ownership