ZTL Payment Solution AS
ASActiveOrg 920970931Akersgata 32, 0180 OsloComputer programming activities· NACE 6210Est. 2018 · 8 years old18 employeeshttps://www.ztlpay.io
Loading company…
Overview
ZTL Payment Solution AS is a Norwegian AS based in Oslo, operating in the Computer programming activities sector. Incorporated in 2018, the company has 18 employees and reported revenue of NOK 10.8m in its latest annual filing.
Revenue 2025
10.8M NOK
+96% vs 2024
EBITDA margin
−263.7 %
−15% vs 2024
Net profit 2025
-34.9M NOK
-18% vs 2024
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
70.9 %
StrongAmong the 40% highest rated companies in the industry
20212025
Liquidity ratioCurrent assets ÷ Short-term debt
3.1×
StrongAmong the 40% highest rated companies in the industry
20212025
Return on assets (ROA)Net profit ÷ Total assets × 100
-89.6 %
Very weakAmong the 20% lowest rated companies in the industry
20212025
EBITDA — year on year
NOK millionsKey figures
Annual report 2025| Revenue | 10.8M NOK | +96% |
| EBITDA | -28.5M NOK | -15% |
| Net profit | -34.9M NOK | -18% |
| Total assets | 38.9M NOK | -15% |
| Equity | 27.6M NOK | -23% |
| Employees | 18 | — |
Company information
Legal name
ZTL PAYMENT SOLUTION AS
Org number
920970931
Legal form
Aksjeselskap
NACE code
Founded
1 May 2018 · 8 years
Share capital
NOK 523,237
Employees
18 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2025-12-31
Financial year
January – December
Signatory rights
To styremedlemmer i fellesskap eller daglig leder og styrets leder i fellesskap.
Company purpose
Yte betalingstjenester, betalingsfullmakttjenester og kontoinformasjonstjenester med konsesjon fra finanstilsynet.
(no translation available)
Contact
Risika for professionals
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), ZTL Payment Solution AS reported revenue of NOK 10.8m, an increase of 96% 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 34.9m, and the EBITDA margin stood at -263.7%.
At the end of 2025, equity financed 70.9% of the balance sheet, and current assets covered short-term debt 3.1 times.
Financials
Revenue
NOK millionsEBITDA
NOK millionsIncome statement
NOK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 10,797 | 5,497 | 567 | 78 | 11 |
| Staff expenses | -21,169 | -19,070 | -19,178 | -19,471 | -17,664 |
| EBITDA | -28,470 | -24,801 | -29,573 | -28,288 | -20,206 |
| Depreciation & amort. | -6,109 | -4,329 | -7,631 | -6,336 | -156 |
| EBIT | -34,580 | -29,131 | -37,204 | -34,624 | -20,361 |
| Net financials | -285 | -308 | -140 | -172 | -265 |
| Profit before tax | -34,865 | -29,438 | -37,344 | -34,796 | -20,626 |
| Tax | -0 | -0 | -0 | -0 | -0 |
| Net profit | -34,865 | -29,438 | -37,344 | -34,796 | -20,626 |
Get a credit rating – not just the numbers
Financial statements show the past. Risika gives you a score and a recommended credit limit, so you know what the numbers mean for your risk.
Balance sheet
NOK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total assets | 38,920 | 45,661 | 40,733 | 43,171 | 60,908 |
| Equity | 27,600 | 35,988 | 34,456 | 36,907 | 52,708 |
| Long-term debt | 0 | 5,120 | 1,400 | 1,400 | 2,400 |
| Short-term debt | 6,574 | 4,553 | 4,877 | 4,864 | 5,800 |
| Total debt | 11,320 | 9,673 | 6,277 | 6,264 | 8,200 |
Financial ratios
5-year trendEBITDA margin
-263.7 %
20212025
Equity ratio
70.9 %
StrongAmong the 40% highest rated companies in the industry
20212025
Return on equity
-126.3 %
Very weakAmong the 10% lowest rated companies in the industry
20212025
Net profit margin
-322.9 %
Very weakAmong the 10% lowest rated companies in the industry
20212025
Asset turnover
0.28×
AverageAround the average of companies in the same industry
20212025
Debt / equity
0.41×
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 marginVery weak
Among the 20% 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 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 10% 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)Very weak
Among the 20% 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 10% 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)Very weak
Among the 20% 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 ratioStrong
Among the 40% highest 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 ratioStrong
Among the 40% highest 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 ratioStrong
Among the 30% highest 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 40% 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 ratioWeak
Among the 30% lowest rated companies in the industry
Cash flow relative to profit — the ability to convert reported profits into accessible cash.
Debt & solvency
Solidity ratioStrong
Among the 40% highest rated companies in the 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 debtVery weak
Among the 10% lowest rated companies in the industry
Profit relative to debt — the ability to create earnings while operating with debt.
EBITDA to debtVery weak
Among the 10% 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 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 marginVery weak
Among the 20% 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 turnoverAverage
Around the average of companies in the same industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
Equity to contributed capitalVery strong
Among the 20% 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 equityWeak
Among the 30% lowest rated companies in the industry
The size of this year's increase or decrease in the company's equity.
One-year change in debtWeak
Among the 40% lowest rated companies in the 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 (1) | ||
EA Chief Executive Officer | Chief Executive Officer | 2019 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (5) | ||
AL Board of Directors | Board of Directors | 2026 |
TS Board of Directors | Board of Directors | 2021 |
TA Board of Directors | Board of Directors | 2021 |
LK Board of Directors | Board of Directors | 2026 |
AH Chairman | Chairman | 2021 |
Former (4)
CS Board of Directors | Board of Directors | 2021 – 2023 |
AK Board of Directors | Board of Directors | 2023 – 2026 |
ES Board of Directors | Board of Directors | 2023 – 2026 |
AH Board of Directors | Board of Directors | 2021 – 2023 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 16.27% | 16.27% | 2025 | |
| Company | 10.76% | 10.76% | 2025 | |
| Company | 9.78% | 9.78% | 2025 | |
| Individual | 9.77% | 9.77% | 2025 | |
| Company | 6.65% | 6.65% | 2025 | |
| Company | 5.76% | 5.76% | 2025 | |
| Company | 4.97% | 4.97% | 2025 | |
| Company | 4.61% | 4.61% | 2025 | |
| Company | 3.57% | 3.57% | 2025 | |
| Company | 2.28% | 2.28% | 2025 | |
| Company | 2.13% | 2.13% | 2025 | |
| Company | 1.9% | 1.9% | 2025 | |
| Company | 1.37% | 1.37% | 2025 | |
| Company | 1.28% | 1.28% | 2025 | |
| Company | 1.13% | 1.13% | 2025 | |
| Company | 0.79% | 0.79% | 2025 | |
| Individual | 0.79% | 0.79% | 2025 | |
| Company | 0.71% | 0.71% | 2025 | |
| Individual | 0.68% | 0.68% | 2025 | |
| Company | 0.58% | 0.58% | 2025 | |
| Individual | 0.42% | 0.42% | 2025 | |
| Company | 0.34% | 0.34% | 2025 | |
| Individual | 0.11% | 0.11% | 2025 | |
| Company | 0.83% | 0.83% | 2023 | |
| Company | 0.78% | 0.78% | 2023 | |
| Company | 3.69% | 3.69% | 2022 | |
| Company | 6.4% | 6.4% | 2020 | |
| Company | 18.48% | 18.48% | 2023 | |
Afrooz Förvaltning Ab | Company | 5.56% | 5.56% | 2020 |
| Company | 8.72% | 8.72% | 2020 | |
Skandinaviska Enskilda Banken Ab | Company | 2.78% | 2.78% | 2024 |
One in three Danish companies experiences fraud
Sound familiar? See how to strengthen your defences and catch suspicious changes in ownership and management in time.
Related companies
Company hierarchy
Ecit As6.6532%Tucan Holding As10.7561%Ronja Capital Investment As16.2746%Visma Norge Holding As9.7811%Anako As5.7646%Skips As Tudor4.61%New & Company As2.13%Herman As1.37%Nh Kapital As1.13%Naley As0.79%Movida As0.71%Qfiolilla Holding As0.83%Altitude Capital As3.69%Ronja Capital As18.48%Afrooz Förvaltning Ab5.56%Investinor As8.72%
ZTL Payment Solution AS (this company)Board network connections
Board members of ZTL Payment Solution AS also hold positions in 144 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Liv-Kari Kroken | Board of Directors | 30 companiesMany roles |
| Anders Hvide | Chairman | 25 companiesMany roles |
| Axel Leonard Norstrøm Roth | Board of Directors | 22 companiesMany roles |
| Thale Susanne Kuvås Solberg | Board of Directors | 18 companiesMany roles |
| Tore Andreas Frøysa Tønseth | Board of Directors | 15 companiesMany roles |
| Anna Karin Veronica Gunberg Østlie | Board of Directors | 15 companiesMany roles |
| Erlend Sogn | Board of Directors | 8 companiesMany roles |
| Even Andreas Bjerke | Chief Executive Officer | 4 companies |
| Arild Hermansen | Board of Directors | 4 companies |
| Christopher Sparre-Enger Clausen | Board of Directors | 3 companies |
Frequently asked questions
What is the Org number of ZTL Payment Solution AS?
ZTL Payment Solution AS is registered with Brønnøysundsregistrene under Org 920970931.
What is the revenue of ZTL Payment Solution AS?
ZTL Payment Solution AS reported revenue of NOK 10.8m in 2025.
How many employees does ZTL Payment Solution AS have?
ZTL Payment Solution AS employs 18 people as of the latest annual report.
Who is the CEO of ZTL Payment Solution AS?
Even Andreas Bjerke is the CEO of ZTL Payment Solution AS, in role since 2019.
Who is the chairman of ZTL Payment Solution AS?
Anders Hvide chairs the board of ZTL Payment Solution AS, in role since 2021.
Where is ZTL Payment Solution AS headquartered?
ZTL Payment Solution AS's registered address is Akersgata 32.