Riskpilot← Back to searchSign inGet full accessTHERMOTECH AS
ASActiveOrg 970995692Kvalamarka 23, 5514 HaugesundMachining of metals · NACE 2553Est. 199454 employeeswww.thermotech-as.no
Revenue 2025
NOK 134M
+5% vs 2024
EBITDA margin
26.2%
-8% vs 2024
Equity ratio
29.9%
Financial strength
Net profit 2025
NOK 25,8M
-11% vs 2024
| Revenue | NOK 134M | +5% |
| EBITDA | NOK 35M | -8% |
| Net profit | NOK 25,8M | -11% |
| Total assets | NOK 76,4M | -7% |
| Equity | NOK 22,9M | -21% |
| Employees | 54 | — |
Legal name
THERMOTECH AS
Org number
970995692
Legal form
Aksjeselskap
NACE code
2553 · Machining of metals
Founded
10. juni 1994
Share capital
—
Employees
54 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2025-12-31
Financial year
January – December
Signatory rights
Daglig leder alene.
Address
Kvalamarka 23, 5514 Haugesund
Website
www.thermotech-as.no
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| Item | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 30 471 | 59 556 | 59 049 | 45 837 | 0 | 55 649 | 52 204 | 24 406 | 40 996 | 28 166 | 44 691 | 60 839 | 43 131 | 42 470 | 76 090 | 110 479 | 127 911 | 134 018 |
| Staff expenses | −0 | −12 579 | −18 780 | −18 343 | −20 779 | −0 | −24 800 | −25 353 | −17 823 | −23 387 | −19 643 | −22 469 | −32 142 | −21 819 | −23 299 | −32 054 | −43 923 | −51 855 | −58 758 |
| EBITDA | 0 | 8 520 | 20 345 | 23 800 | 15 242 | 0 | 18 125 | 13 213 | −2 736 | 5 850 | −1 376 | 10 750 | 11 393 | 11 139 | 9 045 | 20 147 | 31 094 | 38 229 | 35 048 |
| Depreciation & amort. | −0 | −710 | −567 | −525 | −692 | −0 | −938 | −1 786 | −1 923 | −1 677 | −1 744 | −1 533 | −852 | −801 | −770 | −858 | −1 330 | −1 824 | −2 766 |
| EBIT | 0 | 7 810 | 19 777 | 23 275 | 14 550 | 0 | 17 186 | 11 427 | −4 659 | 4 173 | −3 120 | 9 216 | 10 541 | 10 338 | 8 275 | 19 289 | 29 764 | 36 405 | 32 282 |
| Net financials | 0 | 447 | 2 | 318 | 1 049 | 0 | 266 | 451 | 218 | −1 810 | 163 | −35 | 87 | 129 | −1 042 | 1 504 | 115 | 908 | 848 |
| Profit before tax | 0 | 8 257 | 19 780 | 23 593 | 15 599 | 0 | 17 453 | 11 878 | −4 441 | 2 362 | −2 957 | 9 181 | 10 627 | 10 468 | 7 233 | 20 793 | 29 880 | 37 313 | 33 130 |
| Tax | −0 | 2 222 | 5 540 | 6 623 | 4 240 | −0 | 4 869 | 3 216 | −1 230 | 792 | −839 | 2 046 | 2 299 | 2 304 | 1 823 | 4 328 | 6 491 | 8 229 | 7 294 |
| Net profit | 0 | 6 035 | 14 239 | 16 970 | 11 360 | 0 | 12 584 | 8 662 | −3 211 | 1 570 | −2 118 | 7 135 | 8 328 | 8 164 | 5 410 | 16 465 | 23 389 | 29 084 | 25 835 |
| Item | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | — | 16 040 | 36 015 | 38 000 | 38 481 | — | 29 443 | 31 489 | 26 399 | 25 643 | 24 212 | 23 288 | 27 494 | 33 173 | 33 841 | 47 828 | 64 312 | 82 490 | 76 382 |
| Equity | — | 3 819 | 7 978 | 17 748 | 24 072 | — | 12 514 | 11 176 | 10 473 | 8 443 | 8 330 | 6 966 | 15 294 | 9 958 | 10 168 | 14 533 | 26 221 | 29 005 | 22 870 |
| Long-term debt | 0 | 0 | 0 | 0 | 0 | 0 | 677 | 684 | 382 | 152 | 0 | 0 | 0 | 0 | 10 000 | 0 | 2 500 | 0 | 0 |
| Short-term debt | 0 | 11 938 | 24 620 | 20 122 | 14 344 | 0 | 16 252 | 19 629 | 15 544 | 17 047 | 15 882 | 16 323 | 12 200 | 23 215 | 13 673 | 28 295 | 35 591 | 53 485 | 53 512 |
| Total debt | 0 | 12 221 | 28 037 | 20 252 | 14 409 | 0 | 16 929 | 20 313 | 15 927 | 17 199 | 15 882 | 16 323 | 12 200 | 23 215 | 23 673 | 28 295 | 38 091 | 53 485 | 53 512 |
EBITDA margin
26.2%
This company
15.8%
Market median
+66% vs market
20072025
Equity ratio
29.9%
This company
38.2%
Market median
-22% vs market
20072025
Return on equity
113.0%
This company
18.4%
Market median
+514% vs market
20072025
Net profit margin
19.3%
This company
8.1%
Market median
+138% vs market
20072025
Asset turnover
1.75×
This company
1.12×
Market median
+56% vs market
20072025
Debt / equity
2.34×
This company
0.62×
Market median
-277% vs market
20072025
- Annual report 2025Filed via Brønnøysundsregistrene · Period 2025-01-01 – 2025-12-31
- 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
- Annual report 2007Filed via Brønnøysundsregistrene · Period 2007-01-01 – 2007-12-31
| Name | Role | Member since | Age | Other directorships |
|---|---|---|---|---|
SK Chief Executive Officer | Chief Executive Officer | 2017 | — | — |
| Name | Role | Member since | Age | Other directorships |
|---|---|---|---|---|
| Chairman | 2018 | — | — | |
| Chairman | 2024 | — | — | |
| Board of Directors | 2024 | — | — | |
| Board of Directors | 2023 | — | — | |
| Chairman | 2023 | — | — | |
| Board of Directors | 2018 | — | — |
| Shareholder | Type | Ownership | Votes | Since |
|---|---|---|---|---|
Indutrade Ab | Company | 100.0% | 100.0% | 2024 |
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THERMOTECH AS 
THERMOTECH ASBoard members of THERMOTECH AS also hold positions in 0 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Svein Kvale | Chief Executive Officer | 0 companies |
| Fred Joakim Skantze | Chairman | 0 companies |
| Jan Richard Denlin | Chairman | 0 companies |
| Evelyn Høy Erlandsen | Board of Directors | 0 companies |
| Carl Markus Evers | Board of Directors | 0 companies |
| Lars Sæther | Chairman | 0 companies |
| Per-Erik Andersson | Board of Directors | 0 companies |