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TSG Holdco AS
AS
Active
Org 993034169
Versvikvegen 6B, 3937
Porsgrunn
Engineering activities and related technical consultancy
·
NACE 7112
Est. 2008 · 17 years old
25 employees
Monitor
Share
Norway
/
Companies
/
Engineering activities and related technical consultancy
/
TSG Holdco AS
Overview
Financials
People & ownership
Related companies
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Financials
Revenue
NOK millions
72M
54M
36M
18M
0M
2021: 0M
0M
2021
2022: 22M
22M
2022
2023: 32M (+45% vs 2022)
32M
+45%
2023
2024: 42M (+31% vs 2023)
42M
+31%
2024
2025: 58M (+38% vs 2024)
58M
+38%
2025
EBITDA
NOK millions
10M
4M
-2M
-8M
-14M
2021: -3M
-3M
2021
2022: -9M (-200% vs 2021)
-9M
-200%
2022
2023: -1M (+89% vs 2022)
-1M
+89%
2023
2024: -2M (-100% vs 2023)
-2M
-100%
2024
2025: 5M (+350% vs 2024)
5M
+350%
2025
Income statement
NOK thousands
Item
2025
2024
2023
2022
2021
Revenue
57 792
41 976
32 469
21 921
0
Staff expenses
−29 791
−27 153
−24 144
−22 133
−6
EBITDA
5 029
−1 739
−1 366
−8 994
−2 551
Depreciation & amort.
−1 182
−888
−270
−156
−9
EBIT
3 847
−2 627
−1 636
−9 150
−2 560
Net financials
35 617
7 216
7 608
16 517
11 581
Profit before tax
39 464
4 590
5 972
7 367
9 021
Tax
652
6
392
614
−386
Net profit
38 812
4 584
5 581
6 753
9 407
Balance sheet
NOK thousands
Item
2025
2024
2023
2022
2021
Total assets
165 424
95 931
85 690
83 020
80 111
Equity
69 354
60 569
54 967
50 440
47 784
Long-term debt
0
13
7
0
0
Short-term debt
96 070
35 350
30 715
32 580
32 327
Total debt
96 070
35 363
30 722
32 580
32 327
Financial ratios
5-year trend
EBITDA margin
8,7 %
This company
15,8 %
Market median
This company
Market median
45% below market
2021
2025
Equity ratio
41,9 %
This company
38,2 %
Market median
This company
Market median
10% above market
2021
2025
Return on equity
56,0 %
This company
18,4 %
Market median
This company
Market median
204% above market
2021
2025
Net profit margin
67,2 %
This company
8,1 %
Market median
This company
Market median
730% above market
2021
2025
Asset turnover
0,35×
This company
1,12×
Market median
This company
Market median
69% below market
2021
2025
Debt / equity
1,39×
This company
0,62×
Market median
This company
Market median
124% 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 TSG Holdco AS
Overview →
Headline figures, risk assessment and company summary
People & ownership →
Management, board and shareholder breakdown
Related companies →
Corporate hierarchy, parent and subsidiary network
