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ERTE AS
AS
Active
Org 923224459
Jim Ertesvåg Flatøyvegen 77, 5918 Frekhaug
Retail sale of furniture, lighting equipment, tableware and other household goods · NACE 4755
Est. 2019
4 employees
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Share
Overview
Financials
People & ownership
Related companies
Revenue 2024
NOK 6,5M
+5% vs 2023
EBITDA margin
7.2%
+5170% vs 2023
Equity ratio
37.5%
Financial strength
Net profit 2024
NOK 350K
+27451% vs 2023
EBITDA — year on year
NOK millions
0M
-0M
-1M
-1M
-1M
0M
2020
0M
0%
2021
0M
0%
2022
0M
0%
2023
0M
0%
2024
Key figures
Annual report 2024
Revenue
NOK 6,5M
+5%
EBITDA
NOK 465K
+5170%
Net profit
NOK 350K
+27451%
Total assets
NOK 1,5M
+37%
Equity
NOK 578K
+153%
Employees
4
—
Company information
Legal name
ERTE AS
Org number
923224459
Legal form
Aksjeselskap
NACE code
4755 · Retail sale of furniture, lighting equipment, tableware and other household goods
Founded
20. august 2019
Share capital
NOK 30 000
Employees
4 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Signatory rights
Styrets medlemmer hver for seg.
Company purpose
Drive nettbutikk.
Contact
Address
Jim Ertesvåg Flatøyvegen 77, 5918 Frekhaug
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Companies in Retail sale of furniture, lighting equipment, tableware and other household goods
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Revenue
NOK millions
0M
2M
3M
5M
7M
1M
2020
5M
2021
6M
2022
6M
2023
6M
2024
EBITDA
NOK millions
0M
0M
1M
1M
1M
0M
2020
0M
2021
0M
2022
0M
2023
0M
2024
Income statement
NOK thousands
Item
2020
2021
2022
2023
2024
Revenue
1 442
4 812
6 049
6 202
6 497
Staff expenses
−198
−847
−893
−594
−689
EBITDA
250
76
−39
−9
465
Depreciation & amort.
−12
−12
−7
−0
−0
EBIT
238
64
−45
−9
465
Net financials
−1
−0
−1
−1
−7
Profit before tax
236
64
−46
−10
458
Tax
52
14
−0
−11
108
Net profit
184
50
−46
1
350
Balance sheet
NOK thousands
Item
2020
2021
2022
2023
2024
Total assets
534
1 132
4 574
1 123
1 544
Equity
223
273
227
228
578
Long-term debt
0
0
0
0
0
Short-term debt
311
859
4 347
895
965
Total debt
311
859
4 347
895
965
Financial ratios
5-year trend
EBITDA margin
7.2%
This company
15.8%
Market median
-54% vs market
2020
2024
Equity ratio
37.5%
This company
38.2%
Market median
+2% vs market
2020
2024
Return on equity
60.5%
This company
18.4%
Market median
+229% vs market
2020
2024
Net profit margin
5.4%
This company
8.1%
Market median
-33% vs market
2020
2024
Asset turnover
4.21×
This company
1.12×
Market median
+276% vs market
2020
2024
Debt / equity
1.67×
This company
0.62×
Market median
-169% vs market
2020
2024
Annual reports & filings
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
Annual report 2020
Filed via Brønnøysundsregistrene · Period 2020-01-01 – 2020-12-31
View
PDF
Management
Actively employed in the business
Name
Role
Member since
Current (1)
ES
Eivind Skår Ertesvåg
Chief Executive Officer
Chief Executive Officer
2019
Board of directors
Non-executive oversight
Name
Role
Member since
Current (1)
JR
Jim Roger Ertesvåg
Chairman
2019
Shareholders
As of last annual report
No shareholder data available.
Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive.
Learn more
.
Company hierarchy
No registered parent or subsidiaries
Board network connections
Board members of ERTE AS also hold positions in
0
other companies.
Person
Role here
Other companies
Eivind Skår Ertesvåg
Chief Executive Officer
0 companies
Jim Roger Ertesvåg
Chairman
0 companies