Riskpilot← Back to searchSign inGet full accessERTEC AS
ASActiveOrg 948534053Kalsåsveien 73, 4900 TvedestrandManufacture of doors and windows of metal · NACE 2512Est. 198854 employees
Revenue 2024
NOK 60,6M
+4% vs 2023
EBITDA margin
-2.0%
-53% vs 2023
Equity ratio
66.6%
Financial strength
Net profit 2024
NOK -1,1M
-8% vs 2023
| Revenue | NOK 60,6M | +4% |
| EBITDA | NOK -1,2M | -53% |
| Net profit | NOK -1,1M | -8% |
| Total assets | NOK 39,1M | +5% |
| Equity | NOK 26M | -6% |
| Employees | 54 | — |
Legal name
ERTEC AS
Org number
948534053
Legal form
Aksjeselskap
NACE code
2512 · Manufacture of doors and windows of metal
Founded
30. juni 1988
Share capital
—
Employees
54 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Address
Kalsåsveien 73, 4900 Tvedestrand
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| Item | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 43 233 | 53 130 | 53 429 | 56 953 | 57 473 | 61 906 | 57 937 | 81 975 | 83 654 | 58 288 | 60 632 |
| Staff expenses | −17 471 | −20 486 | −21 815 | −22 230 | −23 757 | −25 173 | −22 296 | −31 670 | −32 702 | −23 290 | −25 544 |
| EBITDA | −509 | 1 908 | 555 | 1 212 | −788 | 1 507 | 4 053 | 6 489 | 4 188 | −780 | −1 192 |
| Depreciation & amort. | −775 | −259 | −88 | −105 | −124 | −178 | −212 | −392 | −598 | −672 | −492 |
| EBIT | −1 285 | 1 650 | 467 | 1 107 | −912 | 1 329 | 3 841 | 6 097 | 3 589 | −1 453 | −1 684 |
| Net financials | 28 | 22 | 2 | −0 | 7 | −10 | 29 | −18 | 247 | 23 | 41 |
| Profit before tax | −1 256 | 1 671 | 469 | 1 106 | −905 | 1 319 | 3 870 | 6 079 | 3 836 | −1 430 | −1 642 |
| Tax | −486 | 358 | −156 | 113 | −295 | 175 | 760 | 1 253 | 746 | −402 | −528 |
| Net profit | −770 | 1 314 | 625 | 994 | −610 | 1 144 | 3 110 | 4 826 | 3 091 | −1 028 | −1 114 |
| Item | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | 24 649 | 27 326 | 28 758 | 31 617 | 30 911 | 29 825 | 32 931 | 42 711 | 40 997 | 37 194 | 39 072 |
| Equity | 17 722 | 19 036 | 19 661 | 20 654 | 19 859 | 20 822 | 23 710 | 28 536 | 29 126 | 27 709 | 26 013 |
| Long-term debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 917 |
| Short-term debt | 6 927 | 8 290 | 9 097 | 10 963 | 11 052 | 9 003 | 9 221 | 14 175 | 11 871 | 9 484 | 12 142 |
| Total debt | 6 927 | 8 290 | 9 097 | 10 963 | 11 052 | 9 003 | 9 221 | 14 175 | 11 871 | 9 484 | 13 059 |
EBITDA margin
-2.0%
This company
15.8%
Market median
-113% vs market
20142024
Equity ratio
66.6%
This company
38.2%
Market median
+74% vs market
20142024
Return on equity
-4.3%
This company
18.4%
Market median
-123% vs market
20142024
Net profit margin
-1.8%
This company
8.1%
Market median
-122% vs market
20142024
Asset turnover
1.55×
This company
1.12×
Market median
+38% vs market
20142024
Debt / equity
0.50×
This company
0.62×
Market median
+19% vs market
20142024
- Annual report 2024Filed via Brønnøysundsregistrene · Period 2024-01-01 – 2024-12-31
- Annual report 2023Filed via Brønnøysundsregistrene · Period 2023-01-01 – 2023-12-31
- Annual report 2022Filed via Brønnøysundsregistrene · Period 2022-01-01 – 2022-12-31
- Annual report 2021Filed via Brønnøysundsregistrene · Period 2021-01-01 – 2021-12-31
- Annual report 2020Filed via Brønnøysundsregistrene · Period 2020-01-01 – 2020-12-31
- Annual report 2019Filed via Brønnøysundsregistrene · Period 2019-01-01 – 2019-12-31
- Annual report 2018Filed via Brønnøysundsregistrene · Period 2018-01-01 – 2018-12-31
- Annual report 2017Filed via Brønnøysundsregistrene · Period 2017-01-01 – 2017-12-31
- Annual report 2016Filed via Brønnøysundsregistrene · Period 2016-01-01 – 2016-12-31
- Annual report 2015Filed via Brønnøysundsregistrene · Period 2015-01-01 – 2015-12-31
- Annual report 2014Filed via Brønnøysundsregistrene · Period 2014-01-01 – 2014-12-31
| Name | Role | Member since | Age | Other directorships |
|---|---|---|---|---|
GH Chief Executive Officer | Chief Executive Officer | 1992 | — | — |
EB Chief Executive Officer | Chief Executive Officer | 2024 | — | — |
| Name | Role | Member since | Age | Other directorships |
|---|---|---|---|---|
| Board of Directors | 2020 | — | — | |
| Board of Directors | 2020 | — | — | |
| Board of Directors | 2020 | — | — | |
| Board of Directors | 2020 | — | — | |
| Board of Directors | 2024 | — | — | |
| Board of Directors | 2020 | — | — | |
| Board of Directors | 2024 | — | — | |
| Chairman | 2020 | — | — | |
| Board of Directors | 2020 | — | — |
| Shareholder | Type | Ownership | Votes | Since |
|---|---|---|---|---|
Holmen As | Company | 100.0% | 100.0% | 2024 |
Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive. Learn more.
Holmen As
ERTEC AS Board members of ERTEC AS also hold positions in 0 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Geir Horst Søraker | Chief Executive Officer | 0 companies |
| Eli Bell | Chief Executive Officer | 0 companies |
| Arild Eriksen | Board of Directors | 0 companies |
| Thomas Ellingsen | Board of Directors | 0 companies |
| Geir-Arne Nordahl | Board of Directors | 0 companies |
| Trygve Eriksen | Board of Directors | 0 companies |
| Jan Arild Krosshøl | Board of Directors | 0 companies |
| Ole Jørgen Olsen | Board of Directors | 0 companies |
| Kristin Hansen | Board of Directors | 0 companies |
| Roger Iskow Bach | Chairman | 0 companies |
| Terje Strandene | Board of Directors | 0 companies |