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NORTECH AS
AS
Active
Org 941668399
Unnelandsvegen 258, 5268 Haukeland
Wholesale of other machinery and equipment · NACE 4664
Est. 1987
4 employees
www.nortech-as.no
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Overview
Financials
People & ownership
Related companies
Revenue 2024
NOK 5M
+3% vs 2023
EBITDA margin
11.9%
+6% vs 2023
Equity ratio
91.4%
Financial strength
Net profit 2024
NOK 722K
+21% vs 2023
EBITDA — year on year
NOK millions
1M
1M
1M
0M
0M
1M
2020
1M
0%
2021
1M
0%
2022
1M
0%
2023
1M
0%
2024
Key figures
Annual report 2024
Revenue
NOK 5M
+3%
EBITDA
NOK 596K
+6%
Net profit
NOK 722K
+21%
Total assets
NOK 16,7M
+2%
Equity
NOK 15,3M
+4%
Employees
4
—
Company information
Legal name
NORTECH AS
Org number
941668399
Legal form
Aksjeselskap
NACE code
4664 · Wholesale of other machinery and equipment
Founded
1. januar 1987
Share capital
NOK 2 100 000
Employees
4 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Contact
Address
Unnelandsvegen 258, 5268 Haukeland
Phone
+4755390610
Email
admin@nortech.biz
Website
www.nortech-as.no
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Companies in Wholesale of other machinery and equipment
Companies in Bergen
All Norway companies
Revenue
NOK millions
0M
1M
3M
4M
6M
4M
2020
5M
2021
5M
2022
5M
2023
5M
2024
EBITDA
NOK millions
0M
0M
1M
1M
1M
1M
2020
1M
2021
1M
2022
1M
2023
1M
2024
Income statement
NOK thousands
Item
2020
2021
2022
2023
2024
Revenue
4 326
4 560
5 172
4 853
4 987
Staff expenses
−1 469
−1 303
−1 357
−1 572
−1 463
EBITDA
870
1 045
1 100
562
596
Depreciation & amort.
−47
−47
−47
−47
−43
EBIT
823
998
1 053
515
553
Net financials
41
19
106
250
372
Profit before tax
864
1 018
1 159
765
925
Tax
190
224
255
169
204
Net profit
674
794
904
596
722
Balance sheet
NOK thousands
Item
2020
2021
2022
2023
2024
Total assets
13 966
14 630
16 076
16 326
16 696
Equity
13 129
13 331
14 135
14 630
15 252
Long-term debt
63
51
55
52
52
Short-term debt
738
1 213
1 851
1 608
1 357
Total debt
802
1 264
1 907
1 660
1 409
Financial ratios
5-year trend
EBITDA margin
11.9%
This company
15.8%
Market median
-25% vs market
2020
2024
Equity ratio
91.4%
This company
38.2%
Market median
+139% vs market
2020
2024
Return on equity
4.7%
This company
18.4%
Market median
-74% vs market
2020
2024
Net profit margin
14.5%
This company
8.1%
Market median
+79% vs market
2020
2024
Asset turnover
0.30×
This company
1.12×
Market median
-73% vs market
2020
2024
Debt / equity
0.09×
This company
0.62×
Market median
+85% 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)
ST
Sigurd Tor Smedsvik
Chairman
2020
GK
Gyda Karin Smedsvik
Board of Directors
2020
Shareholders
As of last annual report
Shareholder
Type
Ownership
Votes
Since
Merete Smedsvik
Individual
20%
20%
2022
Tor Petter Smedsvik
Individual
20%
20%
2022
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Company hierarchy
NORTECH AS
(this company)
Karl B Hauge As
I-GROUP AS
Board network connections
Board members of NORTECH AS also hold positions in
0
other companies.
Person
Role here
Other companies
Sigurd Tor Smedsvik
Chairman
0 companies
Gyda Karin Smedsvik
Board of Directors
0 companies