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TVEDESTRAND ELEKTRO AS
AS
Active
Org 986569766
Vestervei 7, 4900 Tvedestrand
Electrical installation · NACE 4321
Est. 2004
11 employees
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Overview
Financials
People & ownership
Related companies
Revenue 2021
NOK 11,8M
+3% vs 2020
EBITDA margin
2.2%
-32% vs 2020
Equity ratio
37.4%
Financial strength
Net profit 2021
NOK 86K
-17% vs 2020
EBITDA — year on year
NOK millions
1M
1M
1M
0M
0M
1M
2017
1M
0%
2018
1M
0%
2019
0M
-100%
2020
0M
0%
2021
Key figures
Annual report 2021
Revenue
NOK 11,8M
+3%
EBITDA
NOK 258K
-32%
Net profit
NOK 86K
-17%
Total assets
NOK 4,2M
+7%
Equity
NOK 1,6M
+6%
Employees
11
—
Company information
Legal name
TVEDESTRAND ELEKTRO AS
Org number
986569766
Legal form
Aksjeselskap
NACE code
4321 · Electrical installation
Founded
19. februar 2004
Share capital
NOK 20 000 000
Employees
11 (FTE)
VAT registered
No
Audit selected
No
Last report
2021-12-31
Financial year
January – December
Signatory rights
Daglig leder og styrets leder i fellesskap.
Company purpose
Elektriske installasjoner, salg og beslektet virksomhet.
Contact
Address
Vestervei 7, 4900 Tvedestrand
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Companies in Electrical installation
Companies in Tvedestrand
All Norway companies
Revenue
NOK millions
0M
5M
10M
15M
20M
13M
2017
17M
2018
14M
2019
11M
2020
12M
2021
EBITDA
NOK millions
0M
0M
1M
1M
1M
1M
2017
1M
2018
1M
2019
0M
2020
0M
2021
Income statement
NOK thousands
Item
2017
2018
2019
2020
2021
Revenue
12 999
17 175
13 660
11 416
11 758
Staff expenses
−4 853
−6 361
−6 763
−6 020
−5 485
EBITDA
1 426
941
1 001
376
258
Depreciation & amort.
−72
−232
−220
−191
−56
EBIT
1 354
709
781
186
202
Net financials
−163
−10
−48
−39
−62
Profit before tax
1 191
699
733
146
139
Tax
305
164
161
43
53
Net profit
886
535
572
104
86
Balance sheet
NOK thousands
Item
2017
2018
2019
2020
2021
Total assets
4 478
5 234
5 416
3 889
4 155
Equity
1 214
1 089
1 365
1 469
1 555
Long-term debt
996
1 211
1 276
746
824
Short-term debt
2 268
2 934
2 774
1 674
1 776
Total debt
3 264
4 145
4 051
2 420
2 600
Financial ratios
5-year trend
EBITDA margin
2.2%
This company
15.8%
Market median
-86% vs market
2017
2021
Equity ratio
37.4%
This company
38.2%
Market median
+2% vs market
2017
2021
Return on equity
5.5%
This company
18.4%
Market median
-70% vs market
2017
2021
Net profit margin
0.7%
This company
8.1%
Market median
-91% vs market
2017
2021
Asset turnover
2.83×
This company
1.12×
Market median
+153% vs market
2017
2021
Debt / equity
1.67×
This company
0.62×
Market median
-169% vs market
2017
2021
Annual reports & filings
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
Annual report 2019
Filed via Brønnøysundsregistrene · Period 2019-01-01 – 2019-12-31
View
PDF
Annual report 2018
Filed via Brønnøysundsregistrene · Period 2018-01-01 – 2018-12-31
View
PDF
Annual report 2017
Filed via Brønnøysundsregistrene · Period 2017-01-01 – 2017-12-31
View
PDF
Management
Actively employed in the business
Name
Role
Member since
Current (1)
VS
Vidar Sandvad Salvesen
Chief Executive Officer
Chief Executive Officer
2016
Board of directors
Non-executive oversight
Name
Role
Member since
Current (1)
NL
Nils-Martin Lund
Chairman
2017
Shareholders
As of last annual report
No shareholder data available.
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
No registered parent or subsidiaries
Board network connections
Board members of TVEDESTRAND ELEKTRO AS also hold positions in
0
other companies.
Person
Role here
Other companies
Vidar Sandvad Salvesen
Chief Executive Officer
0 companies
Nils-Martin Lund
Chairman
0 companies