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TI-TECH SVEIS AS
AS
Active
Org 975967263
Drivenesvegen 24, 4706 Vennesla
Machining of metals · NACE 2553
Est. 1995
18 employees
www.ti-tech.no
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Overview
Financials
People & ownership
Related companies
Revenue 2024
NOK 25,6M
-4% vs 2023
EBITDA margin
6.0%
-12% vs 2023
Equity ratio
40.2%
Financial strength
Net profit 2024
NOK 945K
-17% vs 2023
EBITDA — year on year
NOK millions
3M
2M
1M
1M
0M
1M
2020
1M
0%
2021
1M
0%
2022
2M
+100%
2023
2M
0%
2024
Key figures
Annual report 2024
Revenue
NOK 25,6M
-4%
EBITDA
NOK 1,5M
-12%
Net profit
NOK 945K
-17%
Total assets
NOK 7,8M
-3%
Equity
NOK 3,1M
+5%
Employees
18
—
Company information
Legal name
TI-TECH SVEIS AS
Org number
975967263
Legal form
Aksjeselskap
NACE code
2553 · Machining of metals
Founded
20. desember 1995
Share capital
NOK 315 000
Employees
18 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Contact
Address
Drivenesvegen 24, 4706 Vennesla
Phone
+4748185938
Email
frank@ti-tech.no
Website
www.ti-tech.no
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Companies in Machining of metals
Companies in Vennesla
All Norway companies
Revenue
NOK millions
0M
8M
16M
23M
31M
17M
2020
22M
2021
24M
2022
27M
2023
26M
2024
EBITDA
NOK millions
0M
1M
1M
2M
2M
1M
2020
1M
2021
1M
2022
2M
2023
2M
2024
Income statement
NOK thousands
Item
2020
2021
2022
2023
2024
Revenue
17 196
21 961
24 067
26 709
25 555
Staff expenses
−9 029
−10 493
−10 428
−12 140
−13 279
EBITDA
803
1 130
1 478
1 750
1 535
Depreciation & amort.
−135
−170
−201
−277
−320
EBIT
667
960
1 276
1 473
1 216
Net financials
5
−15
−24
−19
−2
Profit before tax
662
945
1 253
1 453
1 213
Tax
146
208
276
320
268
Net profit
516
737
977
1 133
945
Balance sheet
NOK thousands
Item
2020
2021
2022
2023
2024
Total assets
5 705
7 323
7 083
8 107
7 830
Equity
2 337
2 769
2 852
3 003
3 147
Long-term debt
0
3
8
2
3
Short-term debt
3 368
4 551
4 222
5 102
4 680
Total debt
3 368
4 554
4 230
5 104
4 683
Financial ratios
5-year trend
EBITDA margin
6.0%
This company
15.8%
Market median
-62% vs market
2020
2024
Equity ratio
40.2%
This company
38.2%
Market median
+5% vs market
2020
2024
Return on equity
30.0%
This company
18.4%
Market median
+63% vs market
2020
2024
Net profit margin
3.7%
This company
8.1%
Market median
-54% vs market
2020
2024
Asset turnover
3.26×
This company
1.12×
Market median
+191% vs market
2020
2024
Debt / equity
1.49×
This company
0.62×
Market median
-140% 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)
HL
Hilde Lie
Deputy Member
Deputy Member
2021
Board of directors
Non-executive oversight
No data on file.
Shareholders
As of last annual report
Shareholder
Type
Ownership
Votes
Since
Frank Rosaas
Individual
23.43%
23.43%
2022
Morten Rosaas
Individual
16.57%
16.57%
2022
Unknown
Individual
10%
10%
2022
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Company hierarchy
No registered parent or subsidiaries
Board network connections
Board members of TI-TECH SVEIS AS also hold positions in
0
other companies.
Person
Role here
Other companies
Hilde Lie
Deputy Member
0 companies