Tide AS
ASActiveOrg 912423921Møllendalsveien 1A, 5009 BergenScheduled passenger transport by road· NACE 4931Est. 1880 · 145 years old56 employeeshttps://www.tide.no
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Overview
Tide AS is a Norwegian AS based in Bergen, operating in the Scheduled passenger transport by road sector. Incorporated in 1880, the company has 56 employees and reported revenue of NOK 69.0m in its latest annual filing.
Revenue 2025
0.1B NOK
−1% vs 2024
EBITDA margin
−89.2 %
−92% vs 2024
Net profit 2025
-0.1B NOK
+37% vs 2024
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
49.7 %
AverageAround the average of companies in the same industry
20212025
Liquidity ratioCurrent assets ÷ Short-term debt
0.9×
WeakAmong the 30% lowest rated companies in the industry
20212025
Return on assets (ROA)Net profit ÷ Total assets × 100
-3.5 %
WeakAmong the 30% lowest rated companies in the industry
20212025
EBITDA — year on year
NOK millionsKey figures
Annual report 2025| Revenue | 0.1B NOK | -1% |
| EBITDA | -0.1B NOK | -92% |
| Net profit | -0.1B NOK | +37% |
| Total assets | 1.7B NOK | +7% |
| Equity | 0.8B NOK | +6% |
| Employees | 56 | — |
Company information
Legal name
TIDE AS
Org number
912423921
Legal form
Aksjeselskap
NACE code
Founded
23 October 1880 · 145 years
Share capital
NOK 22,785,151
Employees
56 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2025-12-31
Financial year
January – December
Signatory rights
Daglig leder og ett styremedlem i fellesskap, eller to styremedlemmer i fellesskap.
Company purpose
Å drive transport- og reiselivsvirksomhet, og annen tilknyttet virksomhet.
(no translation available)
Contact
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Risika provides regulated workflow tools for finance, procurement and compliance teams that need monitoring, alerts and an API.
Financial development
In its most recent annual report (2025), Tide AS reported revenue of NOK 69.0m, a decrease of 1% on the year before. The figures on this page draw on 5 annual filings covering 2021 to 2025. The bottom line showed a net loss of NOK 58.0m, and the EBITDA margin stood at -89.2%.
At the end of 2025, equity financed 49.7% of the balance sheet, and current assets covered short-term debt 0.9 times.
Financials
Revenue
NOK millionsEBITDA
NOK millionsIncome statement
NOK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 68,979 | 69,488 | 63,235 | 45,566 | 42,792 |
| Staff expenses | -76,556 | -62,427 | -58,035 | -47,922 | -45,585 |
| EBITDA | -61,507 | -32,023 | -39,282 | -35,061 | -33,875 |
| Depreciation & amort. | -10,792 | -9,299 | -7,633 | -8,085 | -10,255 |
| EBIT | -72,299 | -41,322 | -46,915 | -43,146 | -44,130 |
| Net financials | -2,145 | -12,402 | -26,950 | -7,666 | 55,077 |
| Profit before tax | -74,444 | -53,724 | -73,865 | -50,812 | 10,947 |
| Tax | -16,488 | 38,474 | -16,032 | -9,109 | 2,371 |
| Net profit | -57,956 | -92,198 | -57,833 | -41,703 | 8,576 |
Balance sheet
NOK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total assets | 1,656,939 | 1,555,425 | 1,379,436 | 972,351 | 590,872 |
| Equity | 822,712 | 779,767 | 564,185 | 404,962 | 446,543 |
| Long-term debt | 131,553 | 124,520 | 115,689 | 103,497 | 6,732 |
| Short-term debt | 698,238 | 641,499 | 690,138 | 453,987 | 127,173 |
| Total debt | 829,791 | 766,019 | 805,827 | 557,484 | 133,905 |
Financial ratios
5-year trendEBITDA margin
-89.2 %
20212025
Equity ratio
49.7 %
AverageAround the average of companies in the same industry
20212025
Return on equity
-7.0 %
Very weakAmong the 20% lowest rated companies in the industry
20212025
Net profit margin
-84.0 %
Very weakAmong the 10% lowest rated companies in the industry
20212025
Asset turnover
0.04×
WeakAmong the 30% lowest rated companies in the industry
20212025
Debt / equity
1.01×
AverageAround the average of companies in the same industry
20212025
Sector performance
27 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Gross marginAverage
Around the average of companies in the same industry
The gross result as a share of revenue — how much of the revenue is left after variable costs to cover the company's fixed costs.
Operating marginVery weak
Among the 10% lowest rated companies in the industry
EBIT as a share of revenue — the share of revenue remaining as earnings once all operating costs are covered. A key measure of earning power.
Net profit marginVery weak
Among the 10% lowest rated companies in the industry
The profit for the year as a share of revenue — the company's ability to turn revenue into profit.
Return on equity (ROE)Very weak
Among the 20% lowest rated companies in the industry
Net profit as a percentage of equity — the return the owners earned on their invested capital this year.
Return on assets (ROA)Weak
Among the 30% lowest rated companies in the industry
Net profit as a percentage of total assets — the return generated on the capital employed.
Return on net assets (RONA)Very weak
Among the 20% lowest rated companies in the industry
Profit relative to net assets (total assets minus total debt) — the ability to generate earnings from the net asset base alone.
Basic earning power (BEP)Weak
Among the 30% lowest rated companies in the industry
EBIT relative to total assets — the company's earning power before the effects of tax and financial leverage.
Capacity ratioWeak
Among the 30% lowest rated companies in the industry
Shows how strongly fixed costs weigh on the gross result — a high ratio means fixed costs take only a small bite out of the earnings from basic operations.
Liquidity
Current ratioWeak
Among the 30% lowest rated companies in the industry
Current assets relative to short-term debt — the ability to settle short-term obligations with current assets alone. Around 150% is considered satisfactory from a credit perspective.
Quick ratioWeak
Among the 30% lowest rated companies in the industry
Current assets excluding inventory relative to short-term debt — whether the most liquid assets alone can cover the short-term obligations. A value of 1 or above signals a healthy liquidity position.
Cash ratioAverage
Around the average of companies in the same industry
Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.
Current assets to equityStrong
Among the 30% highest rated companies in the industry
Current assets relative to equity — an indicator of the balance-sheet structure and of the company's short- and long-term financing. The healthy level is highly industry-dependent.
Fixed assets to long-term capitalWeak
Among the 30% lowest rated companies in the industry
Fixed assets relative to long-term capital (equity plus long-term liabilities). Below 100% means the long-term capital finances more than just the fixed assets — a healthier liquidity position.
Cash conversion ratioAverage
Around the average of companies in the same industry
Cash flow relative to profit — the ability to convert reported profits into accessible cash.
Debt & solvency
Solidity ratioAverage
Around the average of companies in the same industry
Equity as a share of total assets — the ability to absorb losses. Around 40% is considered satisfactory from a credit perspective.
Debt ratioStrong
Among the 40% highest rated companies in the industry
Total debt relative to the balance-sheet total — the share of the assets financed by debt rather than equity.
Debt to equityAverage
Around the average of companies in the same industry
Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.
Liabilities to equityAverage
Around the average of companies in the same industry
Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.
Income to debtWeak
Among the 30% lowest rated companies in the industry
Profit relative to debt — the ability to create earnings while operating with debt.
EBITDA to debtWeak
Among the 30% lowest rated companies in the industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest coverageWeak
Among the 30% lowest rated companies in the industry
The ability to pay the interest on the company's debt out of its earnings.
Interest rate on debtAverage
Around the average of companies in the same industry
Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.
Interest marginWeak
Among the 30% lowest rated companies in the industry
The return on assets minus the interest rate on debt. Positive means the company benefits from operating with debt; negative means the debt makes it worse off.
Efficiency & development
Asset turnoverWeak
Among the 30% lowest rated companies in the industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
Equity to contributed capitalStrong
Among the 30% highest rated companies in the industry
Total equity relative to the capital the owners contributed — how the equity has developed from its starting point.
One-year change in equityAverage
Around the average of companies in the same industry
The size of this year's increase or decrease in the company's equity.
One-year change in debtAverage
Around the average of companies in the same industry
The size of this year's increase or decrease in the company's debt.
Inventory turnoverNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Revenue relative to inventory — how many times a year the inventory is sold and replaced. A low value can indicate weak sales or excess inventory.
Annual reports & filings
- Annual report 2025Filed via Brønnøysundsregistrene · Period 2025-01-01 – 2025-12-31
- Annual report 2024Filed via Brønnøysundsregistrene · Period 2024-01-01 – 2024-12-31
- Annual report 2023Filed via Brønnøysundsregistrene · Period 2023-01-01 – 2023-12-31
- Annual report 2022Filed via Brønnøysundsregistrene · Period 2022-01-01 – 2022-12-31
- Annual report 2021Filed via Brønnøysundsregistrene · Period 2021-01-01 – 2021-12-31
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (4) | ||
HG Deputy Member | Deputy Member | 2023 |
MH Deputy Member | Deputy Member | 2025 |
RR Chief Executive Officer | Chief Executive Officer | 2025 |
DA Deputy Member | Deputy Member | 2025 |
Former (6)
RR Chief Executive Officer | Chief Executive Officer | 2014 – 2025 |
KN Deputy Member | Deputy Member | 2021 – 2023 |
TS Deputy Member | Deputy Member | 2021 – 2023 |
LT Deputy Member | Deputy Member | 2023 – 2025 |
SB Chief Executive Officer | Chief Executive Officer | 2025 – 2025 |
KI Deputy Member | Deputy Member | 2023 – 2025 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (7) | ||
MD Board of Directors | Board of Directors | 2021 |
KN Board of Directors | Board of Directors | 2023 |
EM Board of Directors | Board of Directors | 2025 |
AK Board of Directors | Board of Directors | 2024 |
MØ Chairman | Chairman | 2024 |
TJ Board of Directors | Board of Directors | 2025 |
RM Board of Directors | Board of Directors | 2021 |
Former (5)
IL Chairman | Chairman | 2021 – 2024 |
PL Board of Directors | Board of Directors | 2021 – 2025 |
SF Board of Directors | Board of Directors | 2021 – 2025 |
TC Board of Directors | Board of Directors | 2021 – 2025 |
KI Board of Directors | Board of Directors | 2021 – 2023 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 100% | 100% | 2022 | |
| Company | 100% | 100% | 2020 |
Related companies
Company hierarchy
Folke Hermansen As100%
Dsd As100%
Dsd Bus As100%Dsd As100%
Tide AS (this company)Tide Eiendom Utvikling As100% ownedTide Eiendom Hordaland AS100% ownedRødlimyra AS100% ownedTide Eiendom Hordaland Newco AS100% ownedTide Eiendom Voss AS100% ownedTide Bane AS100% ownedKristiansund Storbilverksted AS50% ownedNorsk Tur As33.3399% ownedBoard network connections
Board members of Tide AS also hold positions in 161 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Ingvald Løyning | Chairman | 37 companiesMany roles |
| Tormod Johan Rosseid | Board of Directors | 26 companiesMany roles |
| Anita Krohn | Board of Directors | 21 companiesMany roles |
| Philipp Lasse Hartlieb Engedal | Board of Directors | 12 companiesMany roles |
| Roger Rong Harkestad | Chief Executive Officer | 9 companiesMany roles |
| Martin Økland | Chairman | 7 companiesMany roles |
| Raymond Marcussen | Board of Directors | 7 companiesMany roles |
| Torgeir Sørensen | Deputy Member | 6 companiesMany roles |
| Marianne Dorthea Jacobsen | Board of Directors | 6 companiesMany roles |
| Trude Christin Sande | Board of Directors | 6 companiesMany roles |
| Ronny Risdal Paulsen | Chief Executive Officer | 5 companies |
| Stein Byrkjeland | Chief Executive Officer | 5 companies |
| Katrine Ihle | Deputy Member | 5 companies |
| Lene Thon | Deputy Member | 2 companies |
| Else Marie Rambø | Board of Directors | 2 companies |
| Siv Fagerland Christensen | Board of Directors | 2 companies |
| Harald Grimelund | Deputy Member | 1 company |
| Kjell Nesheim | Deputy Member | 1 company |
| Marit Hilde Engeseth | Deputy Member | 1 company |
Frequently asked questions
What is the Org number of Tide AS?
Tide AS is registered with Brønnøysundsregistrene under Org 912423921.
What is the revenue of Tide AS?
Tide AS reported revenue of NOK 69.0m in 2025.
How many employees does Tide AS have?
Tide AS employs 56 people as of the latest annual report.
Who is the CEO of Tide AS?
Ronny Risdal Paulsen is the CEO of Tide AS, in role since 2025.
Who is the chairman of Tide AS?
Martin Økland chairs the board of Tide AS, in role since 2024.
Where is Tide AS headquartered?
Tide AS's registered address is Møllendalsveien 1A.