Mathiesen Eidsvold Værk Ans
ANSActiveOrg 931073737Brustadvegen 15, 2090 HurdalLogging· NACE 0220Est. 1671 · 354 years old28 employeeshttps://www.mev.no
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Overview
Mathiesen Eidsvold Værk Ans is a Norwegian ANS based in Hurdal, operating in the Logging sector. Incorporated in 1671, the company has 28 employees and reported revenue of NOK 154.5m in its latest annual filing.
Revenue 2025
154.5M NOK
+39% vs 2024
EBITDA margin
34.0 %
+73% vs 2024
Net profit 2025
53.1M NOK
+67% vs 2024
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
87.7 %
Very strongAmong the 20% highest rated companies in the industry
20212025
Liquidity ratioCurrent assets ÷ Short-term debt
4.0×
StrongAmong the 30% highest rated companies in the industry
20212025
Return on assets (ROA)Net profit ÷ Total assets × 100
21.4 %
Very strongAmong the 20% highest rated companies in the industry
20212025
EBITDA — year on year
NOK millionsKey figures
Annual report 2025| Revenue | 154.5M NOK | +39% |
| EBITDA | 52.5M NOK | +73% |
| Net profit | 53.1M NOK | +67% |
| Total assets | 247.8M NOK | +23% |
| Equity | 217.2M NOK | +19% |
| Employees | 28 | — |
Company information
Legal name
MATHIESEN EIDSVOLD VÆRK ANS
Org number
931073737
Legal form
Ansvarlig Selskap Med Solidarisk Ansvar
NACE code
0220 · Logging
Founded
31 December 1671 · 354 years
Share capital
—
Employees
28 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2025-12-31
Financial year
January – December
Signatory rights
Styrets leder alene eller to styremedlemmer i fellesskap.
Company purpose
Drift av skogbruk, jordbruk og eiendomsforvaltning samt annen virksomhet som naturlig faller inn under dette. Selskapet er en direkte fortsettelse av mathiesen-eidsvold værk.
(no translation available)
Contact
Address
Brustadvegen 15, 2090 Hurdal
Phone
+47 63 98 89 70
Email
hovedkontor@mev.no
Website
https://www.mev.no
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Financial development
In its most recent annual report (2025), Mathiesen Eidsvold Værk Ans reported revenue of NOK 154.5m, an increase 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 53.1m, and the EBITDA margin stood at 34%.
At the end of 2025, equity financed 87.7% of the balance sheet, and current assets covered short-term debt 4 times.
Financials
Revenue
NOK millionsEBITDA
NOK millionsIncome statement
NOK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 154,451 | 110,925 | 108,793 | 97,846 | 72,470 |
| Staff expenses | -19,515 | -15,800 | -16,648 | -16,607 | -14,058 |
| EBITDA | 52,524 | 30,357 | 29,647 | 30,528 | 16,889 |
| Depreciation & amort. | -3,405 | -2,650 | -2,777 | -1,638 | -1,309 |
| EBIT | 49,118 | 27,707 | 26,870 | 28,890 | 15,580 |
| Net financials | 3,989 | 4,060 | 2,489 | -710 | 1,265 |
| Profit before tax | 53,107 | 31,767 | 29,359 | 28,180 | 16,845 |
| Tax | -0 | -0 | -0 | -0 | -0 |
| Net profit | 53,107 | 31,767 | 29,359 | 28,180 | 16,845 |
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Balance sheet
NOK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total assets | 247,790 | 201,963 | 189,579 | 168,384 | 143,903 |
| Equity | 217,223 | 183,232 | 168,785 | 151,272 | 131,406 |
| Long-term debt | 0 | 0 | 0 | 0 | 599 |
| Short-term debt | 30,161 | 18,337 | 20,286 | 16,507 | 11,233 |
| Total debt | 30,161 | 18,337 | 20,286 | 16,507 | 11,832 |
Financial ratios
5-year trendEBITDA margin
34.0 %
20212025
Equity ratio
87.7 %
Very strongAmong the 20% highest rated companies in the industry
20212025
Return on equity
24.4 %
StrongAmong the 30% highest rated companies in the industry
20212025
Net profit margin
34.4 %
Very strongAmong the 20% highest rated companies in the industry
20212025
Asset turnover
0.62×
StrongAmong the 40% highest rated companies in the industry
20212025
Debt / equity
0.14×
Very strongAmong the 20% highest rated companies in the 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 marginWeak
Among the 30% 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 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)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)Very strong
Among the 20% 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 ratioStrong
Among the 30% 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 30% 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 40% 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 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 ratioAverage
Around the average of companies in the same industry
Cash flow relative to profit — the ability to convert reported profits into accessible cash.
Debt & solvency
Solidity ratioVery strong
Among the 20% 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 ratioVery strong
Among the 20% 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 equityVery strong
Among the 20% highest rated companies in the industry
Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.
Liabilities to equityStrong
Among the 30% highest rated companies in the industry
Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.
Income to debtVery strong
Among the 10% highest rated companies in the 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 coverageVery strong
Among the 10% 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 marginVery strong
Among the 20% 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 turnoverStrong
Among the 40% highest rated companies in the industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
Inventory turnoverVery weak
Among the 20% 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 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 equityStrong
Among the 30% 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 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 (3) | ||
PA Deputy Member | Deputy Member | 2022 |
HN Participant With Joint And Several Liability (Fully Responsible) | Participant With Joint And Several Liability (Fully Responsible) | 1998 |
SM Chief Executive Officer | Chief Executive Officer | 2024 |
Former (4)
HE Participant With Joint And Several Liability (Fully Responsible) | Participant With Joint And Several Liability (Fully Responsible) | 1998 – 2022 |
JJ Deputy Member | Deputy Member | 2020 – 2022 |
TE Chief Executive Officer | Chief Executive Officer | 2007 – 2024 |
ØL Deputy Member | Deputy Member | 2020 – 2022 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (8) | ||
ET Board of Directors | Board of Directors | 2026 |
LN Board of Directors | Board of Directors | 2025 |
OK Board of Directors | Board of Directors | 2024 |
SH Board of Directors | Board of Directors | 2024 |
HE Board of Directors | Board of Directors | 2024 |
HN Chairman | Chairman | 2024 |
JJ Board of Directors | Board of Directors | 2022 |
MH Board of Directors | Board of Directors | 2024 |
Former (3)
TG Board of Directors | Board of Directors | 2020 – 2024 |
HS Board of Directors | Board of Directors | 2020 – 2022 |
DL Deputy Chairman | Deputy Chairman | 2020 – 2024 |
Shareholders
Active legal ownersNo shareholder data available.
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Company hierarchy
Mathiesen Eidsvold Værk Ans (this company)
Mago B AS50% ownedMev Eiendom As100% ownedPiston Events AS100% ownedHolmenga Sør As50% ownedHurdal Nærings- og Handelspark AS20% ownedHøversjøvegen 49 As20% ownedBoard network connections
Board members of Mathiesen Eidsvold Værk Ans also hold positions in 126 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Sigurd Haavik | Board of Directors | 28 companiesMany roles |
| Tron Erik Hovind | Chief Executive Officer | 20 companiesMany roles |
| Mari Helen Gulsvik | Board of Directors | 18 companiesMany roles |
| Haaken Nicolai Mathiesen | Participant With Joint And Several Liability (Fully Responsible) | 14 companiesMany roles |
| Jørgen Johannes Mathiesen | Deputy Member | 10 companiesMany roles |
| Severin Myrbakken | Chief Executive Officer | 10 companiesMany roles |
| Halvor Svenkerud | Board of Directors | 9 companiesMany roles |
| Haaken Eric Mathiesen | Participant With Joint And Several Liability (Fully Responsible) | 4 companies |
| Erik Toverud | Board of Directors | 4 companies |
| Per Almqvist | Deputy Member | 3 companies |
| Øystein Løvli | Deputy Member | 2 companies |
| Line Nybakken | Board of Directors | 1 company |
| Tina Granheim | Board of Directors | 1 company |
| Ole Kristian Østengen | Board of Directors | 1 company |
| Dag Langaard | Deputy Chairman | 1 company |
Frequently asked questions
What is the Org number of Mathiesen Eidsvold Værk Ans?
Mathiesen Eidsvold Værk Ans is registered with Brønnøysundsregistrene under Org 931073737.
What is the revenue of Mathiesen Eidsvold Værk Ans?
Mathiesen Eidsvold Værk Ans reported revenue of NOK 154.5m in 2025.
How many employees does Mathiesen Eidsvold Værk Ans have?
Mathiesen Eidsvold Værk Ans employs 28 people as of the latest annual report.
Who is the CEO of Mathiesen Eidsvold Værk Ans?
Severin Myrbakken is the CEO of Mathiesen Eidsvold Værk Ans, in role since 2024.
Who is the chairman of Mathiesen Eidsvold Værk Ans?
Haaken Nicolai Mathiesen chairs the board of Mathiesen Eidsvold Værk Ans, in role since 2024.
Where is Mathiesen Eidsvold Værk Ans headquartered?
Mathiesen Eidsvold Værk Ans's registered address is Brustadvegen 15.