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ARVE TVETE & CO AS
AS
Active
Org 927982498
St. Marie Gate 97, 1706 Sarpsborg
Retail sale of clothing · NACE 4771
Est. 1977
9 employees
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Overview
Financials
People & ownership
Related companies
Revenue 2024
NOK 11,3M
-13% vs 2023
EBITDA margin
-7.0%
-55734% vs 2023
Equity ratio
56.1%
Financial strength
Net profit 2024
NOK -827K
-703% vs 2023
EBITDA — year on year
NOK millions
0M
-0M
-1M
-1M
-1M
0M
2020
0M
0%
2021
0M
0%
2022
0M
0%
2023
-1M
-100%
2024
Key figures
Annual report 2024
Revenue
NOK 11,3M
-13%
EBITDA
NOK -789K
-55734%
Net profit
NOK -827K
-703%
Total assets
NOK 4,5M
-11%
Equity
NOK 2,5M
-25%
Employees
9
—
Company information
Legal name
ARVE TVETE & CO AS
Org number
927982498
Legal form
Aksjeselskap
NACE code
4771 · Retail sale of clothing
Founded
20. juni 1977
Share capital
—
Employees
9 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Company purpose
Varehandel, samt engasjere seg i andre selskaper herunder kjøp og salg av aksjer og alt som naturlig hører inn under dette.
Contact
Address
St. Marie Gate 97, 1706 Sarpsborg
Phone
+4769152510
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Explore
Companies in Retail sale of clothing
Companies in Sarpsborg
All Norway companies
Revenue
NOK millions
0M
4M
7M
11M
15M
7M
2020
7M
2021
11M
2022
13M
2023
11M
2024
EBITDA
NOK millions
0M
0M
1M
1M
1M
0M
2020
0M
2021
0M
2022
0M
2023
-1M
2024
Income statement
NOK thousands
Item
2020
2021
2022
2023
2024
Revenue
6 543
6 904
11 143
12 957
11 265
Staff expenses
−1 799
−1 897
−2 697
−3 198
−3 274
EBITDA
68
264
480
−1
−789
Depreciation & amort.
−9
−14
−28
−44
−35
EBIT
59
250
452
−45
−825
Net financials
2
4
0
−3
−3
Profit before tax
61
254
452
−48
−827
Tax
−0
1
101
55
−0
Net profit
61
253
351
−103
−827
Balance sheet
NOK thousands
Item
2020
2021
2022
2023
2024
Total assets
3 611
4 100
5 153
5 038
4 504
Equity
2 852
3 105
3 456
3 353
2 525
Long-term debt
0
1
0
0
100
Short-term debt
759
994
1 697
1 685
1 879
Total debt
759
995
1 697
1 685
1 979
Financial ratios
5-year trend
EBITDA margin
-7.0%
This company
15.8%
Market median
-144% vs market
2020
2024
Equity ratio
56.1%
This company
38.2%
Market median
+47% vs market
2020
2024
Return on equity
-32.8%
This company
18.4%
Market median
-278% vs market
2020
2024
Net profit margin
-7.3%
This company
8.1%
Market median
-190% vs market
2020
2024
Asset turnover
2.50×
This company
1.12×
Market median
+123% vs market
2020
2024
Debt / equity
0.78×
This company
0.62×
Market median
+26% 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
No data on file.
Board of directors
Non-executive oversight
Name
Role
Member since
Current (2)
EK
Elin Karine Tvete
Chairman
2017
FT
Fredrik Tvete-Valhovd
Board of Directors
2025
Former (1)
KO
Kjell Olav Tvete
Board of Directors
2017 – 2025
Shareholders
As of last annual report
Shareholder
Type
Ownership
Votes
Since
Elin Tvete Eiendom As
Company
49%
49%
2024
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Company hierarchy
Elin Tvete Eiendom As
ARVE TVETE & CO AS
(this company)
Board network connections
Board members of ARVE TVETE & CO AS also hold positions in
0
other companies.
Person
Role here
Other companies
Kjell Olav Tvete
Board of Directors
0 companies
Elin Karine Tvete
Chairman
0 companies
Fredrik Tvete-Valhovd
Board of Directors
0 companies