BTH Inv AS

ASActive

Org 920167683Vardeveien 8F, 1182 OsloActivities of trust, estate and agency accounts· NACE 6432Est. 2017 · 8 years old0 employees

Overview

BTH Inv AS is a Norwegian AS based in Oslo, operating in the Activities of trust, estate and agency accounts sector. Incorporated in 2017, the company has 0 employees and reported revenue of NOK 972.7k in its latest annual filing.

Revenue 2025

1M NOK

−39% vs 2024

EBITDA margin

97.8 %

+159% vs 2024

Net profit 2025

1M NOK

+159% vs 2024

Key ratios

See full ratios →

94.3 %

Average

Around the average of companies in the same industry

20212025

15.6×

Average

Around the average of companies in the same industry

20212025

5.5 %

Average

Around the average of companies in the same industry

20212025

EBITDA — year on year

NOK thousands

Key figures

Annual report 2025

Revenue	1M NOK	-39%
EBITDA	1M NOK	+159%
Net profit	1M NOK	+159%
Total assets	17.5M NOK	+5%
Equity	16.5M NOK	-1%
Employees	0	—

Financial development

In its most recent annual report (2025), BTH Inv AS reported revenue of NOK 972.7k, a decrease of 39% 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 954.4k, and the EBITDA margin stood at 97.8%.

At the end of 2025, equity financed 94.3% of the balance sheet, and current assets covered short-term debt 15.6 times.

Financials

Revenue

NOK thousands

EBITDA

NOK thousands

Income statement

NOK thousands

Item	2025	2024	2023	2022	2021
Revenue	973	1,588	25	1,330	4,203
Staff expenses	-0	-0	-0	-0	-0
EBITDA	951	-1,613	-46	1,310	4,184
Depreciation & amort.	-0	-0	-0	-0	-0
EBIT	951	-1,613	-46	1,310	4,184
Net financials	3	1	300	9,161	-1
Profit before tax	954	-1,612	254	10,471	4,183
Tax	-0	-0	-0	-0	-0
Net profit	954	-1,612	254	10,471	4,183

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Balance sheet

NOK thousands

Item	2025	2024	2023	2022	2021
Total assets	17,482	16,727	18,339	19,085	10,215
Equity	16,482	16,727	18,339	19,085	8,615
Long-term debt	0	0	0	0	1,600
Short-term debt	1,000	0	0	0	0
Total debt	1,000	0	0	0	1,600

Financial ratios

5-year trend

EBITDA margin

97.8 %

20212025

Equity ratio

94.3 %

Average

Around the average of companies in the same industry

20212025

Return on equity

5.8 %

Average

Around the average of companies in the same industry

20212025

Net profit margin

98.1 %

Average

Around the average of companies in the same industry

20212025

Asset turnover

0.06×

Very strong

Among the 10% highest rated companies in the industry

20212025

Debt / equity

0.06×

Average

Around the average of companies in the same industry

20212025

Sector performance

25 of 28 ratios graded

28 financial ratios from the latest filing, each graded against companies in the same industry.

Profitability

Gross marginVery weak

Among the 10% lowest 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 strong

Among the 20% 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 marginAverage

Around the average of companies in the same 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)Very strong

Among the 10% 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 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 equityWeak

Among the 40% 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 capitalStrong

Among the 30% 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 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 debtVery strong

Among the 10% highest rated companies in the industry

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

Interest rate on debtVery strong

Among the 10% highest rated companies in the industry

Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.

Interest marginStrong

Among the 40% 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.

Interest coverageNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

The ability to pay the interest on the company's debt out of its earnings.

Efficiency & development

Asset turnoverVery strong

Among the 10% highest rated companies in the industry

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

Equity to contributed capitalAverage

Around the average of companies in the same industry

Total equity relative to the capital the owners contributed — how the equity has developed from its starting point.

One-year change in equityWeak

Among the 30% lowest rated companies in the industry

The size of this year's increase or decrease in the company's equity.

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.

One-year change in debtNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

The size of this year's increase or decrease in the company's debt.

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

People & ownership

Management

Actively employed in the business

Name	Role	Member since
Current (1)
BT Bård Thomas Helland Chief Executive Officer	Chief Executive Officer	2017

Board of directors

Non-executive oversight

Name	Role	Member since
Current (1)
BT Bård Thomas Helland Chairman	Chairman	2017

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 BTH Inv AS also hold positions in 18 other companies.

Person	Role here	Other companies
Bård Thomas Helland	Chief Executive Officer	18 companiesMany roles

Frequently asked questions

What is the Org number of BTH Inv AS?

BTH Inv AS is registered with Brønnøysundsregistrene under Org 920167683.

What is the revenue of BTH Inv AS?

BTH Inv AS reported revenue of NOK 972.7k in 2025.

Who is the CEO of BTH Inv AS?

Bård Thomas Helland is the CEO of BTH Inv AS.

Who is the chairman of BTH Inv AS?

Bård Thomas Helland chairs the board of BTH Inv AS.

Where is BTH Inv AS headquartered?

BTH Inv AS's registered address is Vardeveien 8F.