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Netel AS
AS
Active
Org 983096514
Østre Aker Vei 22, 0581
Oslo
Construction of utility projects for electricity and telecommunications
·
NACE 4222
Est. 2001 · 25 years old
314 employees
Monitor
Share
Norway
/
Companies
/
Construction of utility projects for electricity and telecommunications
/
Netel AS
Overview
Financials
People & ownership
Related companies
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Financials
Revenue
NOK millions
1.2B
0.9B
0.6B
0.3B
0B
2021: 0.7B
0.7B
2021
2022: 0.8B (+8% vs 2021)
0.8B
+8%
2022
2023: 0.8B (+3% vs 2022)
0.8B
+3%
2023
2024: 0.9B (+13% vs 2023)
0.9B
+13%
2024
2025: 0.9B (+2% vs 2024)
0.9B
+2%
2025
EBITDA
NOK millions
87M
65M
44M
22M
0M
2021: 70M
70M
2021
2022: 42M (-40% vs 2021)
42M
-40%
2022
2023: 11M (-74% vs 2022)
11M
-74%
2023
2024: 10M (-9% vs 2023)
10M
-9%
2024
2025: 9M (-10% vs 2024)
9M
-10%
2025
Income statement
NOK thousands
Item
2025
2024
2023
2022
2021
Revenue
946 585
927 292
823 247
800 044
739 751
Staff expenses
−307 743
−267 275
−255 617
−243 801
−181 784
EBITDA
9 225
9 721
11 025
42 171
69 781
Depreciation & amort.
−10 688
−9 222
−10 890
−9 370
−6 834
EBIT
−1 463
499
135
32 801
62 947
Net financials
8 419
−13 423
45 555
−2 893
−3 252
Profit before tax
6 957
−12 924
45 691
29 908
59 695
Tax
−0
−0
−618
6 672
16 361
Net profit
6 957
−12 924
46 308
23 236
43 333
Balance sheet
NOK thousands
Item
2025
2024
2023
2022
2021
Total assets
453 802
402 106
419 788
393 769
402 229
Equity
36 624
29 667
42 567
111 259
88 023
Long-term debt
0
203 372
116 177
123 296
148 669
Short-term debt
211 501
169 067
261 044
159 214
165 538
Total debt
417 178
372 439
377 221
282 510
314 207
Financial ratios
5-year trend
EBITDA margin
1,0 %
This company
15,8 %
Market median
This company
Market median
94% below market
2021
2025
Equity ratio
8,1 %
This company
38,2 %
Market median
This company
Market median
79% below market
2021
2025
Return on equity
19,0 %
This company
18,4 %
Market median
This company
Market median
3% above market
2021
2025
Net profit margin
0,7 %
This company
8,1 %
Market median
This company
Market median
91% below market
2021
2025
Asset turnover
2,09×
This company
1,12×
Market median
This company
Market median
87% above market
2021
2025
Debt / equity
11,39×
This company
0,62×
Market median
This company
Market median
>999% above market
2021
2025
Annual reports & filings
Annual report 2025
Filed via Brønnøysundsregistrene · Period 2025-01-01 – 2025-12-31
View
PDF
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
More on Netel AS
Overview →
Headline figures, risk assessment and company summary
People & ownership →
Management, board and shareholder breakdown
Related companies →
Corporate hierarchy, parent and subsidiary network
