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BOYESEN & MUNTHE AS
AS
Active
Org 975374564
Tvetenveien 152, 0671 Oslo
Wholesale of hardware, plumbing and heating equipment and supplies · NACE 4684
Est. 1995
17 employees
www.boyesen-munthe.no
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Overview
Financials
People & ownership
Related companies
Revenue 2024
NOK 62,7M
-6% vs 2023
EBITDA margin
6.2%
-59% vs 2023
Equity ratio
59.9%
Financial strength
Net profit 2024
NOK 1,7M
-68% vs 2023
EBITDA — year on year
NOK millions
11M
8M
6M
3M
0M
9M
2020
5M
-44%
2021
9M
+80%
2022
9M
0%
2023
4M
-56%
2024
Key figures
Annual report 2024
Revenue
NOK 62,7M
-6%
EBITDA
NOK 3,9M
-59%
Net profit
NOK 1,7M
-68%
Total assets
NOK 42,1M
-4%
Equity
NOK 25,2M
+3%
Employees
17
—
Company information
Legal name
BOYESEN & MUNTHE AS
Org number
975374564
Legal form
Aksjeselskap
NACE code
4684 · Wholesale of hardware, plumbing and heating equipment and supplies
Founded
1. september 1995
Share capital
NOK 900 000
Employees
17 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Signatory rights
Daglig leder alene. Styrets leder alene.
Contact
Address
Tvetenveien 152, 0671 Oslo
Phone
+4723347000
Email
post@boyesen-munthe.no
Website
www.boyesen-munthe.no
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Revenue
NOK millions
0M
19M
39M
58M
77M
60M
2020
57M
2021
65M
2022
67M
2023
63M
2024
EBITDA
NOK millions
0M
3M
5M
8M
10M
9M
2020
5M
2021
9M
2022
9M
2023
4M
2024
Income statement
NOK thousands
Item
2020
2021
2022
2023
2024
Revenue
60 359
56 523
65 440
66 753
62 698
Staff expenses
−14 287
−15 912
−17 016
−17 352
−16 125
EBITDA
9 250
5 404
9 337
9 447
3 872
Depreciation & amort.
−1 166
−1 390
−1 580
−1 429
−1 373
EBIT
8 084
4 014
7 758
8 019
2 499
Net financials
−629
−101
−891
−1 114
−494
Profit before tax
7 454
3 914
6 867
6 904
2 005
Tax
1 655
872
1 530
1 540
296
Net profit
5 799
3 042
5 337
5 364
1 709
Balance sheet
NOK thousands
Item
2020
2021
2022
2023
2024
Total assets
34 796
34 984
39 563
44 027
42 139
Equity
18 791
19 833
22 170
24 534
25 243
Long-term debt
1 551
1 236
271
0
0
Short-term debt
14 454
13 915
17 122
19 493
16 896
Total debt
16 004
15 151
17 393
19 493
16 896
Financial ratios
5-year trend
EBITDA margin
6.2%
This company
15.8%
Market median
-61% vs market
2020
2024
Equity ratio
59.9%
This company
38.2%
Market median
+57% vs market
2020
2024
Return on equity
6.8%
This company
18.4%
Market median
-63% vs market
2020
2024
Net profit margin
2.7%
This company
8.1%
Market median
-67% vs market
2020
2024
Asset turnover
1.49×
This company
1.12×
Market median
+33% vs market
2020
2024
Debt / equity
0.67×
This company
0.62×
Market median
+8% 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
Name
Role
Member since
Former (1)
AK
Atle Knudsen
Chief Executive Officer
Chief Executive Officer
2015 – 2023
Board of directors
Non-executive oversight
Name
Role
Member since
Current (2)
BL
Britt Lerbrekk
Board of Directors
2024
TL
Thorleif Lerbrekk
Chairman
2024
Former (2)
MR
Morten Reidar Gyllensten
Chairman
2021 – 2024
TU
Tom Undall
Board of Directors
2021 – 2024
Shareholders
As of last annual report
Shareholder
Type
Ownership
Votes
Since
Tlco As
Company
100%
100%
2024
Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive.
Learn more
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Company hierarchy
Tlco As
BOYESEN & MUNTHE AS
(this company)
Board network connections
Board members of BOYESEN & MUNTHE AS also hold positions in
0
other companies.
Person
Role here
Other companies
Atle Knudsen
Chief Executive Officer
0 companies
Morten Reidar Gyllensten
Chairman
0 companies
Britt Lerbrekk
Board of Directors
0 companies
Tom Undall
Board of Directors
0 companies
Thorleif Lerbrekk
Chairman
0 companies