TSB AS

ASDissolved

Org 915585574Nordheimvegen 53, 3714 SkienRental and leasing of construction and civil engineering machinery and equipment· NACE 7732Est. 2015 · 11 years old0 employeeshttps://www.bratsbergbil.no

Overview

TSB AS is a Norwegian AS based in Skien, operating in the Rental and leasing of construction and civil engineering machinery and equipment sector. Incorporated in 2015, the company has 0 employees and reported revenue of NOK 218.1k in its latest annual filing.

Revenue 2023

218.1K NOK

+2073% vs 2022

EBITDA margin

69.0 %

+251% vs 2022

Net profit 2023

106.7K NOK

+174% vs 2022

Key ratios

See full ratios →

27.6 %

Average

Around the average of companies in the same industry

20192023

1.4×

Average

Around the average of companies in the same industry

20192023

15.9 %

Strong

Among the 30% highest rated companies in the industry

20192023

EBITDA — year on year

NOK thousands

Key figures

Annual report 2023

Revenue	218.1K NOK	+2073%
EBITDA	150.5K NOK	+251%
Net profit	106.7K NOK	+174%
Total assets	672.4K NOK	+7%
Equity	185.6K NOK	+4%
Employees	0	—

Contact

Address

Nordheimvegen 53, 3714 Skien

Website

https://www.bratsbergbil.no

Recent events

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Financial development

In its most recent annual report (2023), TSB AS reported revenue of NOK 218.1k, an increase of 2073% on the year before. The figures on this page draw on 5 annual filings covering 2019 to 2023. The bottom line showed a net profit of NOK 106.7k, and the EBITDA margin stood at 69%.

At the end of 2023, equity financed 27.6% of the balance sheet, and current assets covered short-term debt 1.4 times.

Financials

Revenue

NOK thousands

EBITDA

NOK thousands

Income statement

NOK thousands

Item	2023	2022	2021	2020	2019
Revenue	218	10	378	692	325
Staff expenses	-0	-0	-0	-0	-0
EBITDA	150	-100	118	33	81
Depreciation & amort.	-39	-44	-86	-77	-50
EBIT	112	-144	32	-44	30
Net financials	-5	0	-1	-2	0
Profit before tax	107	-144	32	-46	30
Tax	-0	-0	-0	-0	-0
Net profit	107	-144	32	-46	30

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Balance sheet

NOK thousands

Item	2023	2022	2021	2020	2019
Total assets	672	626	841	785	646
Equity	186	178	322	290	336
Long-term debt	0	0	0	0	0
Short-term debt	487	448	520	494	310
Total debt	487	448	520	494	310

Financial ratios

5-year trend

EBITDA margin

69.0 %

20192023

Equity ratio

27.6 %

Average

Around the average of companies in the same industry

20192023

Return on equity

57.5 %

Strong

Among the 30% highest rated companies in the industry

20192023

Net profit margin

48.9 %

Very strong

Among the 10% highest rated companies in the industry

20192023

Asset turnover

0.32×

Weak

Among the 40% lowest rated companies in the industry

20192023

Debt / equity

2.62×

Weak

Among the 40% lowest rated companies in the industry

20192023

Sector performance

27 of 28 ratios graded

28 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 strong

Among the 10% highest 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 strong

Among the 10% highest 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)Strong

Among the 30% highest 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)Strong

Among the 30% highest 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)Strong

Among the 30% highest 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)Strong

Among the 30% highest rated companies in the industry

EBIT relative to total assets — the company's earning power before the effects of tax and financial leverage.

Capacity ratioVery strong

Among the 10% highest 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 ratioAverage

Around the average of companies in the same 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 ratioAverage

Around the average of companies in the same 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 ratioWeak

Among the 30% lowest rated companies in the industry

Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.

Current assets to equityVery weak

Among the 20% lowest 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 capitalVery strong

Among the 10% highest 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 ratioStrong

Among the 30% highest rated companies in the 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 ratioAverage

Around the average of companies in the same industry

Total debt relative to the balance-sheet total — the share of the assets financed by debt rather than equity.

Debt to equityWeak

Among the 40% lowest rated companies in the industry

Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.

Liabilities to equityWeak

Among the 30% lowest rated companies in the industry

Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.

Income to debtStrong

Among the 40% highest rated companies in the industry

Profit relative to debt — the ability to create earnings while operating with debt.

EBITDA to debtStrong

Among the 30% highest rated companies in the industry

EBITDA relative to debt — how much operating earnings are available to service the debt.

Interest coverageStrong

Among the 30% highest 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 marginStrong

Among the 30% highest 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 40% lowest rated companies in the industry

Revenue relative to total assets — the ability to generate revenue from the asset base.

Equity to contributed capitalWeak

Among the 40% lowest 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 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
Annual report 2019
Filed via Brønnøysundsregistrene · Period 2019-01-01 – 2019-12-31
View PDF

People & ownership

Management

Actively employed in the business

Name	Role	Member since
Current (2)
RS Ranveig Sem Trustee	Trustee	2026
SS Stian Slåttedalen Chief Executive Officer	Chief Executive Officer	2019

Board of directors

Non-executive oversight

Name	Role	Member since
Current (2)
MT Magnus Tvedt Chairman	Chairman	2019
SS Stian Slåttedalen Board of Directors	Board of Directors	2019

Shareholders

Active legal owners

No shareholder data available.

One in three Danish companies experiences fraud

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Related companies

Company hierarchy

No registered parent or subsidiaries

Board network connections

Board members of TSB AS also hold positions in 110 other companies.

Person	Role here	Other companies
Ranveig Sem	Trustee	105 companiesMany roles
Stian Slåttedalen	Chief Executive Officer	3 companies
Magnus Tvedt	Chairman	2 companies

Frequently asked questions

What is the Org number of TSB AS?

TSB AS is registered with Brønnøysundsregistrene under Org 915585574.

What is the revenue of TSB AS?

TSB AS reported revenue of NOK 218.1k in 2023.

Who is the CEO of TSB AS?

Stian Slåttedalen is the CEO of TSB AS, in role since 2019.

Who is the chairman of TSB AS?

Magnus Tvedt chairs the board of TSB AS, in role since 2019.

Where is TSB AS headquartered?

TSB AS's registered address is Nordheimvegen 53.