J.E.T. AS

ASActive

Org 923220062Seiersbjerget 6, 5022 BergenEngineering activities and related technical consultancy· NACE 7112Est. 2019 · 7 years old0 employees

Overview

J.E.T. AS is a Norwegian AS based in Bergen, operating in the Engineering activities and related technical consultancy sector. Incorporated in 2019, the company has 0 employees and reported revenue of NOK 2.8m in its latest annual filing.

Revenue 2024

2.8M NOK

+31% vs 2023

EBITDA margin

50.6 %

+210% vs 2023

Net profit 2024

1.1M NOK

+193% vs 2023

Key ratios

See full ratios →

53.7 %

Average

Around the average of companies in the same industry

20202024

2.1×

Average

Around the average of companies in the same industry

20202024

22.2 %

Strong

Among the 30% highest rated companies in the industry

20202024

EBITDA — year on year

NOK thousands

Key figures

Annual report 2024

Revenue	2.8M NOK	+31%
EBITDA	1.4M NOK	+210%
Net profit	1.1M NOK	+193%
Total assets	4.9M NOK	+32%
Equity	2.6M NOK	+12%
Employees	0	—

Financial development

In its most recent annual report (2024), J.E.T. AS reported revenue of NOK 2.8m, an increase of 31% on the year before. The figures on this page draw on 5 annual filings covering 2020 to 2024. The bottom line showed a net profit of NOK 1.1m, and the EBITDA margin stood at 50.6%.

At the end of 2024, equity financed 53.7% of the balance sheet, and current assets covered short-term debt 2.1 times.

Financials

Revenue

NOK thousands

EBITDA

NOK thousands

Income statement

NOK thousands

Item	2024	2023	2022	2021	2020
Revenue	2,776	2,113	2,285	2,089	1,975
Staff expenses	-649	-844	-0	-0	-0
EBITDA	1,404	453	1,539	1,597	1,599
Depreciation & amort.	-0	-0	-0	-0	-0
EBIT	1,404	453	1,539	1,597	1,599
Net financials	-7	17	-4	0	-1
Profit before tax	1,397	470	1,535	1,597	1,598
Tax	315	100	339	352	352
Net profit	1,081	370	1,196	1,245	1,246

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Balance sheet

NOK thousands

Item	2024	2023	2022	2021	2020
Total assets	4,867	3,697	3,697	3,431	2,265
Equity	2,616	2,335	2,215	2,019	1,774
Long-term debt	0	0	0	0	0
Short-term debt	2,251	1,362	1,482	1,412	491
Total debt	2,251	1,362	1,482	1,412	491

Financial ratios

5-year trend

EBITDA margin

50.6 %

20202024

Equity ratio

53.7 %

Average

Around the average of companies in the same industry

20202024

Return on equity

41.3 %

Strong

Among the 30% highest rated companies in the industry

20202024

Net profit margin

38.9 %

Strong

Among the 30% highest rated companies in the industry

20202024

Asset turnover

0.57×

Average

Around the average of companies in the same industry

20202024

Debt / equity

0.86×

Average

Around the average of companies in the same industry

20202024

Sector performance

28 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 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 marginStrong

Among the 30% 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)Very strong

Among the 20% 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 20% 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 ratioVery weak

Among the 20% 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 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 40% 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 ratioVery strong

Among the 20% 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 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 coverageVery strong

Among the 20% 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 turnoverAverage

Around the average of companies in the same industry

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

Inventory turnoverAverage

Around the average of companies in the same 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 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 equityStrong

Among the 40% highest rated companies in the industry

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

One-year change in debtVery weak

Among the 20% lowest rated companies in the industry

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

Annual reports & filings

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
Annual report 2020
Filed via Brønnøysundsregistrene · Period 2020-01-01 – 2020-12-31
View PDF

People & ownership

Management

Actively employed in the business

Name	Role	Member since

Former (1)


JE Jon Erik Thunold Contact Person	Contact Person	2019 – 2026

Board of directors

Non-executive oversight

Name	Role	Member since
Current (1)
JE Jon Erik Thunold Chairman	Chairman	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 J.E.T. AS also hold positions in 2 other companies.

Person	Role here	Other companies
Jon Erik Thunold	Contact Person	2 companies

Frequently asked questions

What is the Org number of J.E.T. AS?

J.E.T. AS is registered with Brønnøysundsregistrene under Org 923220062.

What is the revenue of J.E.T. AS?

J.E.T. AS reported revenue of NOK 2.8m in 2024.

Who is the chairman of J.E.T. AS?

Jon Erik Thunold chairs the board of J.E.T. AS.

Where is J.E.T. AS headquartered?

J.E.T. AS's registered address is Seiersbjerget 6.