What is the Org number of MTG AS?

MTG AS is registered with Brønnøysundsregistrene under Org 941627943.

What is the revenue of MTG AS?

MTG AS reported revenue of NOK 50,5M in 2025.

How many employees does MTG AS have?

MTG AS employs 39 people as of the latest annual report.

Who is the CEO of MTG AS?

Morten Lien is Chief Executive Officer of MTG AS, in role since 2020.

Who is the chairman of MTG AS?

Bård Olav Guldseth chairs the board of MTG AS, in role since 2024.

Where is MTG AS headquartered?

MTG AS's registered address is Ingvald Ystgaards Veg 7B, 7047 Trondheim.

MTG AS

ASActive

Org 941627943Ingvald Ystgaards Veg 7B, 7047 TrondheimPainting and glazing · NACE 4334Est. 198639 employeeswww.mtg.no

Full Risika report

Revenue 2025

NOK 50,5M

+6% vs 2024

EBITDA margin

15.1%

+21% vs 2024

Equity ratio

36.5%

Financial strength

Net profit 2025

NOK 5,9M

+22% vs 2024

EBITDA — year on yearNOK millions

Key figuresAnnual report 2025

Revenue	NOK 50,5M	+6%
EBITDA	NOK 7,6M	+21%
Net profit	NOK 5,9M	+22%
Total assets	NOK 21,3M	+13%
Equity	NOK 7,8M	-15%
Employees	39	—

Company information

Legal name

MTG AS

Org number

941627943

Legal form

Aksjeselskap

NACE code

4334 · Painting and glazing

Founded

6. mai 1986

Share capital

NOK 66 000

Employees

39 (FTE)

VAT registered

Yes

Audit selected

Last report

2025-12-31

Financial year

January – December

Signatory rights

Styrets medlemmer hver for seg.

Contact

Address

Ingvald Ystgaards Veg 7B, 7047 Trondheim

Website

www.mtg.no

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Risika provides regulated workflow tools for finance, procurement and compliance teams that need monitoring, alerts and an API.

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RevenueNOK millions

EBITDANOK millions

Income statementNOK thousands

Item	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Revenue	35 502	34 615	34 759	34 400	35 683	31 159	31 188	27 930	29 090	32 574	36 341	34 047	32 249	33 837	46 255	39 673	47 582	50 531
Staff expenses	−19 911	−18 160	−18 894	−18 619	−19 032	−18 139	−19 222	−16 595	−15 752	−16 724	−17 030	−18 417	−18 246	−18 894	−22 410	−22 212	−23 422	−25 936
EBITDA	285	2 239	2 164	156	573	−98	628	−661	2 947	3 145	2 558	3 401	2 688	2 542	4 616	5 481	6 285	7 610
Depreciation & amort.	−432	−402	−357	−282	−238	−119	−138	−171	−176	−168	−185	−159	−114	−108	−125	−124	−104	−107
EBIT	−147	1 836	1 807	−126	335	−217	490	−832	2 771	2 977	2 373	3 242	2 574	2 434	4 491	5 358	6 181	7 503
Net financials	317	43	173	236	339	18	65	−21	−21	29	27	45	510	628	−4	−6	13	46
Profit before tax	170	1 879	1 980	110	674	−199	555	−853	2 750	3 005	2 401	3 287	3 083	3 062	4 487	5 352	6 194	7 549
Tax	74	533	555	43	212	−74	135	−245	646	675	507	719	572	540	988	1 177	1 364	1 674
Net profit	96	1 347	1 425	67	462	−125	419	−607	2 104	2 330	1 894	2 568	2 511	2 522	3 499	4 175	4 830	5 875

Balance sheetNOK thousands

Item	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Total assets	10 382	12 105	12 924	12 011	11 282	8 800	9 111	6 638	10 191	13 365	12 303	15 511	14 381	15 150	18 373	14 341	18 808	21 265
Equity	4 017	3 374	4 408	4 086	2 597	2 473	1 894	1 287	2 791	3 341	4 385	6 953	6 298	5 607	6 107	4 282	9 112	7 772
Long-term debt	514	995	1 111	692	2 673	1 849	1 068	322	968	987	971	993	1 175	504	497	675	2 038	0
Short-term debt	5 851	7 736	7 404	7 234	6 011	4 479	6 149	5 029	6 432	9 037	6 947	7 565	6 908	9 039	11 770	9 385	7 657	12 020
Total debt	6 365	8 731	8 515	7 925	8 685	6 328	7 217	5 351	7 400	10 024	7 918	8 558	8 084	9 543	12 266	10 059	9 696	13 494

Financial ratios5-year trend

EBITDA margin

15.1%

This company

15.8%

Market median

+4% vs market

20082025

Equity ratio

36.5%

This company

38.2%

Market median

+4% vs market

20082025

Return on equity

75.6%

This company

18.4%

Market median

+311% vs market

20082025

Net profit margin

11.6%

This company

8.1%

Market median

+43% vs market

20082025

Asset turnover

2.38×

This company

1.12×

Market median

+112% vs market

20082025

Debt / equity

1.74×

This company

0.62×

Market median

-181% vs market

20082025

Annual reports & filings

Annual report 2025
Filed via Brønnøysundsregistrene · Period 2025-01-01 – 2025-12-31
Annual report 2024
Filed via Brønnøysundsregistrene · Period 2024-01-01 – 2024-12-31
Annual report 2023
Filed via Brønnøysundsregistrene · Period 2023-01-01 – 2023-12-31
Annual report 2022
Filed via Brønnøysundsregistrene · Period 2022-01-01 – 2022-12-31
Annual report 2021
Filed via Brønnøysundsregistrene · Period 2021-01-01 – 2021-12-31
Annual report 2020
Filed via Brønnøysundsregistrene · Period 2020-01-01 – 2020-12-31
Annual report 2019
Filed via Brønnøysundsregistrene · Period 2019-01-01 – 2019-12-31
Annual report 2018
Filed via Brønnøysundsregistrene · Period 2018-01-01 – 2018-12-31
Annual report 2017
Filed via Brønnøysundsregistrene · Period 2017-01-01 – 2017-12-31
Annual report 2016
Filed via Brønnøysundsregistrene · Period 2016-01-01 – 2016-12-31
Annual report 2015
Filed via Brønnøysundsregistrene · Period 2015-01-01 – 2015-12-31
Annual report 2014
Filed via Brønnøysundsregistrene · Period 2014-01-01 – 2014-12-31
Annual report 2013
Filed via Brønnøysundsregistrene · Period 2013-01-01 – 2013-12-31
Annual report 2012
Filed via Brønnøysundsregistrene · Period 2012-01-01 – 2012-12-31
Annual report 2011
Filed via Brønnøysundsregistrene · Period 2011-01-01 – 2011-12-31
Annual report 2010
Filed via Brønnøysundsregistrene · Period 2010-01-01 – 2010-12-31
Annual report 2009
Filed via Brønnøysundsregistrene · Period 2009-01-01 – 2009-12-31
Annual report 2008
Filed via Brønnøysundsregistrene · Period 2008-01-01 – 2008-12-31

Name	Role	Member since	Age	Other directorships
ML Morten Lien Chief Executive Officer	Chief Executive Officer	2020	—	—

Name	Role	Member since	Age	Other directorships
BO Bård Olav Guldseth	Chairman	2024	—	—
TL Terje Leer	Chairman	2020	—	—
CL Christian Leer	Board of Directors	2024	—	—

Person	Role here	Other companies
Morten Lien	Chief Executive Officer	0 companies
Bård Olav Guldseth	Chairman	0 companies
Terje Leer	Chairman	0 companies
Christian Leer	Board of Directors	0 companies

Item

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

2024

2025

Revenue

35 502

34 615

34 759

34 400

35 683

31 159

31 188

27 930

29 090

32 574

36 341

34 047

32 249

33 837

46 255

39 673

47 582

50 531

Staff expenses

−19 911

−18 160

−18 894

−18 619

−19 032

−18 139

−19 222

−16 595

−15 752

−16 724

−17 030

−18 417

−18 246

−18 894

−22 410

−22 212

−23 422

−25 936

EBITDA

285

2 239

2 164

156

573

−98

628

−661

2 947

3 145

2 558

3 401

2 688

2 542

4 616

5 481

6 285

7 610

Depreciation & amort.

−432

−402

−357

−282

−238

−119

−138

−171

−176

−168

−185

−159

−114

−108

−125

−124

−104

−107

EBIT

−147

1 836

1 807

−126

335

−217

490

−832

2 771

2 977

2 373

3 242

2 574

2 434

4 491

5 358

6 181

7 503

Net financials

317

173

236

339

−21

510

628

−4

−6

Profit before tax

170

1 879

1 980

110

674

−199

555

−853

2 750

3 005

2 401

3 287

3 083

3 062

4 487

5 352

6 194

7 549

Tax

533

555

212

−74

135

−245

646

675

507

719

572

540

988

1 177

1 364

1 674

Net profit

1 347

1 425

462

−125

419

−607

2 104

2 330

1 894

2 568

2 511

2 522

3 499

4 175

4 830

5 875

Item

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

2024

2025

Total assets

10 382

12 105

12 924

12 011

11 282

8 800

9 111

6 638

10 191

13 365

12 303

15 511

14 381

15 150

18 373

14 341

18 808

21 265

Equity

4 017

3 374

4 408

4 086

2 597

2 473

1 894

1 287

2 791

3 341

4 385

6 953

6 298

5 607

6 107

4 282

9 112

7 772

Long-term debt

514

995

1 111

692

2 673

1 849

1 068

322

968

987

971

993

1 175

504

497

675

2 038

Short-term debt

5 851

7 736

7 404

7 234

6 011

4 479

6 149

5 029

6 432

9 037

6 947

7 565

6 908

9 039

11 770

9 385

7 657

12 020

Total debt

6 365

8 731

8 515

7 925

8 685

6 328

7 217

5 351

7 400

10 024

7 918

8 558

8 084

9 543

12 266

10 059

9 696

13 494