Tess AS
ASActiveOrg 916643233Industrigata 8, 3414 LierstrandaWholesale of mining, construction and civil engineering machinery· NACE 4663Est. 2016 · 10 years old140 employeeshttps://tess.no
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Overview
Tess AS is a Norwegian AS based in Lierstranda, operating in the Wholesale of mining, construction and civil engineering machinery sector. Incorporated in 2016, the company has 140 employees and reported revenue of NOK 341.9m in its latest annual filing.
Revenue 2025
0.3B NOK
+5% vs 2024
EBITDA margin
−5.7 %
−360% vs 2024
Net profit 2025
0.1B NOK
+86% vs 2024
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
42.1 %
AverageAround the average of companies in the same industry
20212025
Liquidity ratioCurrent assets ÷ Short-term debt
1.2×
WeakAmong the 40% lowest rated companies in the industry
20212025
Return on assets (ROA)Net profit ÷ Total assets × 100
4.0 %
AverageAround the average of companies in the same industry
20212025
EBITDA — year on year
NOK millionsKey figures
Annual report 2025| Revenue | 0.3B NOK | +5% |
| EBITDA | -0B NOK | -360% |
| Net profit | 0.1B NOK | +86% |
| Total assets | 1.8B NOK | +7% |
| Equity | 0.8B NOK | +6% |
| Employees | 140 | — |
Company information
Legal name
TESS AS
Org number
916643233
Legal form
Aksjeselskap
Founded
14 January 2016 · 10 years
Share capital
NOK 55,000,000
Employees
140 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2025-12-31
Financial year
January – December
Signatory rights
Selskapets firma tegnes av daglig leder og ett styremedlem i fellesskap.
Company purpose
Investering i andre selskaper og tilhørende virksomhet.
(no translation available)
Contact
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Financial development
In its most recent annual report (2025), Tess AS reported revenue of NOK 341.9m, an increase of 5% on the year before. The figures on this page draw on 5 annual filings covering 2021 to 2025. The bottom line showed a net profit of NOK 72.8m, and the EBITDA margin stood at -5.7%.
At the end of 2025, equity financed 42.1% of the balance sheet, and current assets covered short-term debt 1.2 times.
Financials
Revenue
NOK millionsEBITDA
NOK millionsIncome statement
NOK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 341,851 | 324,319 | 301,166 | 262,066 | 235,929 |
| Staff expenses | -183,387 | -165,037 | -148,912 | -126,184 | -96,287 |
| EBITDA | -19,567 | 7,519 | 8,313 | 20,875 | 7,749 |
| Depreciation & amort. | -23,843 | -20,329 | -18,212 | -14,089 | -14,666 |
| EBIT | -43,411 | -12,810 | -9,899 | 6,786 | -6,917 |
| Net financials | 121,185 | 57,247 | 92,345 | 20,628 | 32,596 |
| Profit before tax | 77,774 | 44,437 | 82,446 | 27,414 | 25,678 |
| Tax | 4,963 | 5,323 | 4,395 | 3,812 | 850 |
| Net profit | 72,811 | 39,114 | 78,051 | 23,602 | 24,828 |
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Balance sheet
NOK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total assets | 1,834,685 | 1,719,251 | 1,639,425 | 1,481,973 | 1,248,596 |
| Equity | 772,528 | 725,447 | 713,027 | 659,720 | 655,729 |
| Long-term debt | 382,713 | 96,713 | 108,713 | 120,713 | 150,184 |
| Short-term debt | 679,444 | 897,090 | 817,685 | 701,539 | 442,683 |
| Total debt | 1,062,157 | 993,804 | 926,399 | 822,253 | 592,867 |
Financial ratios
5-year trendEBITDA margin
-5.7 %
20212025
Equity ratio
42.1 %
AverageAround the average of companies in the same industry
20212025
Return on equity
9.4 %
AverageAround the average of companies in the same industry
20212025
Net profit margin
21.3 %
Very strongAmong the 20% highest rated companies in the industry
20212025
Asset turnover
0.19×
WeakAmong the 30% lowest rated companies in the industry
20212025
Debt / equity
1.37×
AverageAround the average of companies in the same industry
20212025
Sector performance
28 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Gross marginVery strong
Among the 20% highest rated companies in the 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 20% 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 strong
Among the 20% 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)Average
Around the average of companies in the same industry
Net profit as a percentage of equity — the return the owners earned on their invested capital this year.
Return on assets (ROA)Average
Around the average of companies in the same industry
Net profit as a percentage of total assets — the return generated on the capital employed.
Return on net assets (RONA)Average
Around the average of companies in the same 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 40% 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 40% 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 40% 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 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 ratioVery weak
Among the 10% 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 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 ratioVery weak
Among the 10% lowest 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 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 debtAverage
Around the average of companies in the same industry
Profit relative to debt — the ability to create earnings while operating with debt.
EBITDA to debtWeak
Among the 40% lowest rated companies in the industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest coverageWeak
Among the 40% lowest rated companies in the industry
The ability to pay the interest on the company's debt out of its earnings.
Interest rate on debtVery weak
Among the 20% lowest rated companies in the industry
Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.
Interest marginAverage
Around the average of companies in the same 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.
Inventory turnoverVery weak
Among the 10% lowest rated companies in the industry
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.
Equity to contributed capitalStrong
Among the 40% 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.
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 (1) | ||
EJ Chief Executive Officer | Chief Executive Officer | 2016 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (5) | ||
GK Board of Directors | Board of Directors | 2023 |
NL Board of Directors | Board of Directors | 2019 |
IL Board of Directors | Board of Directors | 2024 |
JA Chairman | Chairman | 2019 |
HB Board of Directors | Board of Directors | 2024 |
Former (5)
HK Board of Directors | Board of Directors | 2019 – 2021 |
JG Board of Directors | Board of Directors | 2019 – 2024 |
LE Board of Directors | Board of Directors | 2021 – 2022 |
FS Board of Directors | Board of Directors | 2019 – 2024 |
FA Board of Directors | Board of Directors | 2022 – 2022 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 98.94% | 98.94% | 2025 | |
| Individual | 0.02% | 0.02% | 2025 | |
| Individual | 0.02% | 0.02% | 2025 | |
| Individual | 0% | 0% | 2025 |
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Company hierarchy
Stiftelsen Erik Jølberg100%
Jølberg Holding As93.35%
Teknisk Service Holding As98.9387%
Tess AS (this company)Landbruksnett AS100% ownedFellessalget Norge AS100% ownedEntreprenørnett AS100% ownedActive Slangeservice AS100% ownedAS Rettsinkasso100% ownedDrifts og Vedlikeholdsprodukter Norge AS100% ownedMro Norge AS100% ownedEsveis AS100% ownedRiggshop AS100% ownedHavbruksnett AS100% ownedMarkedshub AS100% ownedMobilservice AS100% ownedSlangevakten AS100% ownedEiva-Safex As100% ownedIndustrioutlet AS100% ownedPartnershop AS100% ownedTess Sørøst AS100% ownedTess Sør As90.4743% ownedSkogholt Hanskefabrikk As50% ownedJD Sveiseservice AS100% ownedReol-Consult AS34% ownedSveisesenteret AS100% ownedTess Produksjon AS100% ownedTess Handel AS100% ownedIndustrinett AS100% ownedSveisenett AS100% ownedOffshorenett AS100% ownedSveisehuset Bergen AS100% ownedFiskerinett AS100% ownedBryggerinett AS100% ownedTess Hydraspec As99.2105% ownedBoard network connections
Board members of Tess AS also hold positions in 266 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Erik Jølberg | Chief Executive Officer | 87 companiesMany roles |
| Hanne-Celin Bakke Ekeberg | Board of Directors | 66 companiesMany roles |
| Henning Knutsen | Board of Directors | 30 companiesMany roles |
| John Ansgar Karlsen | Chairman | 19 companiesMany roles |
| Nils Lauvlid | Board of Directors | 17 companiesMany roles |
| Jan Georg Tunes | Board of Directors | 15 companiesMany roles |
| Geir Korsmo | Board of Directors | 12 companiesMany roles |
| Frode Soot | Board of Directors | 7 companiesMany roles |
| Fredrik Amundsen | Board of Directors | 6 companiesMany roles |
| Inger Lise Løkken Caspersen | Board of Directors | 5 companies |
| Lars Erik Istad | Board of Directors | 2 companies |
Frequently asked questions
What is the Org number of Tess AS?
Tess AS is registered with Brønnøysundsregistrene under Org 916643233.
What is the revenue of Tess AS?
Tess AS reported revenue of NOK 341.9m in 2025.
How many employees does Tess AS have?
Tess AS employs 140 people as of the latest annual report.
Who is the CEO of Tess AS?
Erik Jølberg is the CEO of Tess AS.
Who is the chairman of Tess AS?
John Ansgar Karlsen chairs the board of Tess AS, in role since 2019.
Where is Tess AS headquartered?
Tess AS's registered address is Industrigata 8.