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BRØDRENE VATNE AS
AS
Active
Org 986644016
Tjennaveien 35, 4900 Tvedestrand
Rørleggerarbeid · NACE 43221
Est. 2004
13 employees
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Overview
Financials
People & ownership
Related companies
Revenue 2024
NOK 25,8M
+13% vs 2023
EBITDA margin
15.7%
+16% vs 2023
Equity ratio
67.9%
Financial strength
Net profit 2024
NOK 3,3M
+27% vs 2023
EBITDA — year on year
NOK millions
5M
4M
3M
1M
0M
1M
2020
2M
+100%
2021
4M
+100%
2022
3M
-25%
2023
4M
+33%
2024
Key figures
Annual report 2024
Revenue
NOK 25,8M
+13%
EBITDA
NOK 4M
+16%
Net profit
NOK 3,3M
+27%
Total assets
NOK 18,8M
+26%
Equity
NOK 12,8M
+35%
Employees
13
—
Company information
Legal name
BRØDRENE VATNE AS
Org number
986644016
Legal form
Aksjeselskap
NACE code
43221 · Rørleggerarbeid
Founded
13. mars 2004
Share capital
NOK 33 000
Employees
13 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Signatory rights
Styret i fellesskap.
Company purpose
Å drive rørleggervirksomhet, tilhørende handel og hva som står i forbindelse med dette, samt delta i andre selskaper.
Contact
Address
Tjennaveien 35, 4900 Tvedestrand
Risika for professionals
Risika provides regulated workflow tools for finance, procurement and compliance teams that need monitoring, alerts and an API.
Visit risika.com
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Revenue
NOK millions
0M
7M
15M
22M
30M
14M
2020
18M
2021
19M
2022
23M
2023
26M
2024
EBITDA
NOK millions
0M
1M
2M
3M
5M
1M
2020
2M
2021
4M
2022
3M
2023
4M
2024
Income statement
NOK thousands
Item
2020
2021
2022
2023
2024
Revenue
13 903
17 680
19 060
22 857
25 795
Staff expenses
−5 615
−5 845
−6 621
−8 408
−9 103
EBITDA
1 115
2 277
3 592
3 479
4 047
Depreciation & amort.
−40
−49
−21
−49
−120
EBIT
1 075
2 228
3 571
3 429
3 927
Net financials
70
−39
−81
−54
356
Profit before tax
1 145
2 190
3 489
3 375
4 283
Tax
238
477
768
743
943
Net profit
907
1 712
2 722
2 632
3 340
Balance sheet
NOK thousands
Item
2020
2021
2022
2023
2024
Total assets
9 754
10 049
13 257
14 973
18 795
Equity
6 703
4 063
6 785
9 417
12 757
Long-term debt
0
2 266
0
27
0
Short-term debt
3 051
3 720
4 519
5 529
6 038
Total debt
3 051
5 985
6 472
5 556
6 038
Financial ratios
5-year trend
EBITDA margin
15.7%
This company
15.8%
Market median
+1% vs market
2020
2024
Equity ratio
67.9%
This company
38.2%
Market median
+78% vs market
2020
2024
Return on equity
26.2%
This company
18.4%
Market median
+42% vs market
2020
2024
Net profit margin
12.9%
This company
8.1%
Market median
+59% vs market
2020
2024
Asset turnover
1.37×
This company
1.12×
Market median
+22% vs market
2020
2024
Debt / equity
0.47×
This company
0.62×
Market median
+24% 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)
TT
Tommy Tveit
Chief Executive Officer
Chief Executive Officer
2021
Board of directors
Non-executive oversight
Name
Role
Member since
Current (1)
TV
Tore Vatne
Chairman
2021
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
.
Company hierarchy
No registered parent or subsidiaries
Board network connections
Board members of BRØDRENE VATNE AS also hold positions in
0
other companies.
Person
Role here
Other companies
Tommy Tveit
Chief Executive Officer
0 companies
Tore Vatne
Chairman
0 companies