Riskpilot← Back to searchSign inGet full accessULMATEC PYRO AS
ASActiveOrg 966300345Hamnsundvegen 370, 6280 SøvikManufacture of central heating radiators, steam generators and boilers · NACE 2521Est. 199251 employees
Revenue 2024
NOK 114,8M
+29% vs 2023
EBITDA margin
12.6%
+97% vs 2023
Equity ratio
42.4%
Financial strength
Net profit 2024
NOK 11,2M
+79% vs 2023
| Revenue | NOK 114,8M | +29% |
| EBITDA | NOK 14,5M | +97% |
| Net profit | NOK 11,2M | +79% |
| Total assets | NOK 72,8M | +2% |
| Equity | NOK 30,8M | +4% |
| Employees | 51 | — |
Legal name
ULMATEC PYRO AS
Org number
966300345
Legal form
Aksjeselskap
NACE code
2521 · Manufacture of central heating radiators, steam generators and boilers
Founded
28. desember 1992
Share capital
—
Employees
51 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Signatory rights
Daglig leder og styrets leder i fellesskap.
Address
Hamnsundvegen 370, 6280 Søvik
Phone
+4770209870
Email
karstein.nygard@ulmatec.no
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| Item | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 41 057 | 45 591 | 36 303 | 42 742 | 67 896 | 75 065 | 61 518 | 79 657 | 74 150 | 60 206 | 56 650 | 102 167 | 91 649 | 81 247 | 77 000 | 89 051 | 114 825 |
| Staff expenses | −10 647 | −11 486 | −11 500 | −14 530 | −18 022 | −22 333 | −22 791 | −25 937 | −25 632 | −25 541 | −21 468 | −30 985 | −30 205 | −31 979 | −32 380 | −37 448 | −0 |
| EBITDA | 14 075 | 15 430 | 6 797 | 7 391 | 15 936 | 11 474 | 10 689 | 13 342 | 8 486 | 4 370 | 8 754 | 28 771 | 12 669 | 5 177 | 4 938 | 7 342 | 14 475 |
| Depreciation & amort. | −485 | −463 | −421 | −565 | −579 | −0 | −0 | −0 | −0 | −535 | −720 | −0 | −0 | −0 | −0 | −0 | −1 120 |
| EBIT | 13 590 | 14 967 | 6 376 | 6 826 | 15 357 | 11 474 | 10 689 | 13 342 | 8 486 | 3 835 | 8 033 | 28 771 | 12 669 | 5 177 | 4 938 | 7 342 | 13 355 |
| Net financials | 1 971 | 359 | −1 819 | 280 | 497 | 1 527 | 1 584 | 951 | 218 | 291 | 170 | 146 | 884 | 80 | 390 | 591 | 832 |
| Profit before tax | 15 561 | 15 327 | 4 557 | 7 106 | 15 854 | 13 001 | 12 273 | 14 293 | 8 704 | 4 127 | 8 204 | 28 918 | 13 553 | 5 257 | 5 328 | 7 933 | 14 187 |
| Tax | 4 359 | 4 291 | 1 806 | 1 797 | 4 322 | 3 347 | 2 902 | 3 439 | 1 676 | 435 | 1 371 | 5 806 | 2 568 | 1 008 | 954 | 1 710 | −0 |
| Net profit | 11 202 | 11 035 | 2 751 | 5 310 | 11 533 | 9 654 | 9 371 | 10 854 | 7 028 | 3 692 | 6 833 | 23 111 | 10 985 | 4 250 | 4 375 | 6 222 | 11 161 |
| Item | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | 34 048 | 33 834 | 25 152 | 27 001 | 41 467 | 46 818 | 39 362 | 44 253 | 39 682 | 40 124 | 50 729 | 71 813 | 77 127 | 68 201 | 62 550 | 71 397 | 72 801 |
| Equity | 14 089 | 17 124 | 14 978 | 16 278 | 19 810 | 21 464 | 16 835 | 19 689 | 23 217 | 24 909 | 27 742 | 35 853 | 38 838 | 35 088 | 31 462 | 29 685 | 30 845 |
| Long-term debt | 498 | 664 | 368 | 201 | 828 | 0 | 195 | 0 | 0 | 0 | 802 | 1 723 | 790 | 501 | 568 | 802 | 772 |
| Short-term debt | 19 462 | 18 108 | 11 341 | 10 523 | 20 828 | 25 353 | 22 331 | 24 564 | 16 466 | 15 215 | 22 186 | 34 236 | 37 499 | 32 612 | 30 519 | 40 911 | 41 184 |
| Total debt | 19 959 | 18 772 | 11 708 | 10 724 | 21 656 | 25 353 | 22 527 | 24 564 | 16 466 | 15 215 | 22 987 | 35 959 | 38 289 | 33 113 | 31 088 | 41 713 | 41 956 |
EBITDA margin
12.6%
This company
15.8%
Market median
-20% vs market
20082024
Equity ratio
42.4%
This company
38.2%
Market median
+11% vs market
20082024
Return on equity
36.2%
This company
18.4%
Market median
+97% vs market
20082024
Net profit margin
9.7%
This company
8.1%
Market median
+20% vs market
20082024
Asset turnover
1.58×
This company
1.12×
Market median
+41% vs market
20082024
Debt / equity
1.36×
This company
0.62×
Market median
-119% vs market
20082024
- 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
- Annual report 2013Filed via Brønnøysundsregistrene · Period 2013-01-01 – 2013-12-31
- Annual report 2012Filed via Brønnøysundsregistrene · Period 2012-01-01 – 2012-12-31
- Annual report 2011Filed via Brønnøysundsregistrene · Period 2011-01-01 – 2011-12-31
- Annual report 2010Filed via Brønnøysundsregistrene · Period 2010-01-01 – 2010-12-31
- Annual report 2009Filed via Brønnøysundsregistrene · Period 2009-01-01 – 2009-12-31
- Annual report 2008Filed via Brønnøysundsregistrene · Period 2008-01-01 – 2008-12-31
| Name | Role | Member since | Age | Other directorships |
|---|---|---|---|---|
IB Deputy Member | Deputy Member | 2025 | — | — |
HO Deputy Member | Deputy Member | 2025 | — | — |
BA Chief Executive Officer | Chief Executive Officer | 2021 | — | — |
| Name | Role | Member since | Age | Other directorships |
|---|---|---|---|---|
| Chairman | 2025 | — | — | |
| Board of Directors | 2008 | — | — | |
| Board of Directors | 2008 | — | — | |
| Board of Directors | 2024 | — | — |
| Shareholder | Type | Ownership | Votes | Since |
|---|---|---|---|---|
Ulstein Marine Technology As | Company | 55.0% | 55.0% | 2024 |
Pyrofabrikken As | Company | 45.0% | 45.0% | 2024 |
Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive. Learn more.
Pyrofabrikken As
ULMATEC PYRO AS Board members of ULMATEC PYRO AS also hold positions in 0 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Iver Bjørnerem | Deputy Member | 0 companies |
| Håvard Ole Myrene | Deputy Member | 0 companies |
| Bernt Aage Ulstein | Chief Executive Officer | 0 companies |
| Stig Ulstein | Chairman | 0 companies |
| Ove Arild Bjørnøy | Board of Directors | 0 companies |
| Palmar Svenn Bjørnøy | Board of Directors | 0 companies |
| Geir Bjørkeli | Board of Directors | 0 companies |