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IRTECH AS
AS
Active
Org 975785653
Vakåsveien 9, 1395 Hvalstad
Wholesale of other machinery and equipment · NACE 4664
Est. 1995
2 employees
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Overview
Financials
People & ownership
Related companies
Revenue 2024
NOK 18,3M
+94% vs 2023
EBITDA margin
8.5%
-52% vs 2023
Equity ratio
73.9%
Financial strength
Net profit 2024
NOK 1,9M
-46% vs 2023
EBITDA — year on year
NOK millions
4M
2M
1M
-1M
-3M
0M
2020
-2M
-200%
2021
2M
+200%
2022
3M
+50%
2023
2M
-33%
2024
Key figures
Annual report 2024
Revenue
NOK 18,3M
+94%
EBITDA
NOK 1,5M
-52%
Net profit
NOK 1,9M
-46%
Total assets
NOK 35,6M
+34%
Equity
NOK 26,3M
+8%
Employees
2
—
Company information
Legal name
IRTECH AS
Org number
975785653
Legal form
Aksjeselskap
NACE code
4664 · Wholesale of other machinery and equipment
Founded
15. september 1995
Share capital
NOK 1 400 000
Employees
2 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Signatory rights
Styrets leder alene.
Contact
Address
Vakåsveien 9, 1395 Hvalstad
Phone
+4766842980
Email
mail@irtech.no
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Companies in Wholesale of other machinery and equipment
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Revenue
NOK millions
0M
5M
10M
16M
21M
7M
2020
3M
2021
9M
2022
9M
2023
18M
2024
EBITDA
NOK millions
0M
1M
2M
3M
3M
0M
2020
-2M
2021
2M
2022
3M
2023
2M
2024
Income statement
NOK thousands
Item
2020
2021
2022
2023
2024
Revenue
6 795
2 614
8 668
9 462
18 311
Staff expenses
−2 151
−2 431
−2 663
−2 587
−3 668
EBITDA
260
−1 637
1 732
3 213
1 548
Depreciation & amort.
−28
−27
−55
−35
−43
EBIT
232
−1 663
1 677
3 177
1 505
Net financials
181
−183
621
1 243
981
Profit before tax
413
−1 846
2 297
4 420
2 486
Tax
187
−0
60
858
551
Net profit
226
−1 846
2 237
3 563
1 935
Balance sheet
NOK thousands
Item
2020
2021
2022
2023
2024
Total assets
23 316
21 790
23 324
26 626
35 643
Equity
21 633
19 787
21 084
24 395
26 330
Long-term debt
0
0
0
4
555
Short-term debt
1 683
2 003
2 239
2 227
8 758
Total debt
1 683
2 003
2 239
2 231
9 313
Financial ratios
5-year trend
EBITDA margin
8.5%
This company
15.8%
Market median
-46% vs market
2020
2024
Equity ratio
73.9%
This company
38.2%
Market median
+93% vs market
2020
2024
Return on equity
7.3%
This company
18.4%
Market median
-60% vs market
2020
2024
Net profit margin
10.6%
This company
8.1%
Market median
+31% vs market
2020
2024
Asset turnover
0.51×
This company
1.12×
Market median
-54% vs market
2020
2024
Debt / equity
0.35×
This company
0.62×
Market median
+44% 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
Current (1)
FJ
Finn Johan Hovland
Chief Executive Officer
Chief Executive Officer
2023
Board of directors
Non-executive oversight
Name
Role
Member since
Current (1)
HH
Heljar Hovland
Board of Directors
2023
Shareholders
As of last annual report
Shareholder
Type
Ownership
Votes
Since
Nipa As
Company
100%
100%
2024
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Company hierarchy
Nipa As
IRTECH AS
(this company)
Board network connections
Board members of IRTECH AS also hold positions in
0
other companies.
Person
Role here
Other companies
Finn Johan Hovland
Chief Executive Officer
0 companies
Heljar Hovland
Board of Directors
0 companies