Brødr Helgesens Eftf AS
ASActiveOrg 935900557Barbroveien 7, 3511 HønefossElectrical installation· NACE 4321Est. 1984 · 42 years old40 employeeshttps://www.brhelgesen.no
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Overview
Brødr Helgesens Eftf AS is a Norwegian AS based in Hønefoss, operating in the Electrical installation sector. Incorporated in 1984, the company has 40 employees and reported revenue of NOK 60.3m in its latest annual filing.
Revenue 2025
60.3M NOK
−26% vs 2024
EBITDA margin
4.6 %
−59% vs 2024
Net profit 2025
2.4M NOK
-58% vs 2024
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
1.7 %
Very weakAmong the 20% lowest rated companies in the industry
20212025
Liquidity ratioCurrent assets ÷ Short-term debt
1.0×
WeakAmong the 30% lowest rated companies in the industry
20212025
Return on assets (ROA)Net profit ÷ Total assets × 100
8.5 %
StrongAmong the 40% highest rated companies in the industry
20212025
EBITDA — year on year
NOK thousandsKey figures
Annual report 2025| Revenue | 60.3M NOK | -26% |
| EBITDA | 2.8M NOK | -59% |
| Net profit | 2.4M NOK | -58% |
| Total assets | 28.6M NOK | -31% |
| Equity | 0.5M NOK | -95% |
| Employees | 40 | — |
Company information
Legal name
BRØDR HELGESENS EFTF AS
Org number
935900557
Legal form
Aksjeselskap
NACE code
4321 · Electrical installation
Founded
31 August 1984 · 42 years
Share capital
NOK 500,000
Employees
40 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2025-12-31
Financial year
January – December
Signatory rights
Styrets leder og ett styremedlem i fellesskap.
Contact
Address
Barbroveien 7, 3511 Hønefoss
Phone
+47 32 14 01 40
Email
post@brhelgesen.no
Website
https://www.brhelgesen.no
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Financial development
In its most recent annual report (2025), Brødr Helgesens Eftf AS reported revenue of NOK 60.3m, a decrease of 26% 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 2.4m, and the EBITDA margin stood at 4.6%.
At the end of 2025, equity financed 1.7% of the balance sheet, and current assets covered short-term debt 1 times.
Financials
Revenue
NOK millionsEBITDA
NOK thousandsIncome statement
NOK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 60,290 | 81,664 | 73,262 | 85,092 | 78,596 |
| Staff expenses | -31,825 | -32,675 | -32,481 | -29,528 | -29,731 |
| EBITDA | 2,784 | 6,847 | 5,573 | 8,918 | 9,923 |
| Depreciation & amort. | -178 | -140 | -87 | -53 | -83 |
| EBIT | 2,606 | 6,707 | 5,486 | 8,865 | 9,840 |
| Net financials | 519 | 684 | 542 | 211 | 35 |
| Profit before tax | 3,125 | 7,391 | 6,028 | 9,076 | 9,875 |
| Tax | 687 | 1,626 | 1,328 | 2,002 | 2,180 |
| Net profit | 2,437 | 5,765 | 4,700 | 7,074 | 7,695 |
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Balance sheet
NOK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total assets | 28,624 | 41,425 | 36,423 | 29,510 | 50,275 |
| Equity | 500 | 10,139 | 10,170 | 8,021 | 4,094 |
| Long-term debt | 0 | 0 | 0 | 2,299 | 0 |
| Short-term debt | 28,124 | 28,387 | 23,346 | 19,189 | 44,996 |
| Total debt | 28,124 | 31,285 | 26,253 | 21,488 | 46,181 |
Financial ratios
5-year trendEBITDA margin
4.6 %
20212025
Equity ratio
1.7 %
Very weakAmong the 20% lowest rated companies in the industry
20212025
Return on equity
487.5 %
Very strongAmong the 10% highest rated companies in the industry
20212025
Net profit margin
4.0 %
AverageAround the average of companies in the same industry
20212025
Asset turnover
2.11×
AverageAround the average of companies in the same industry
20212025
Debt / equity
56.25×
Very weakAmong the 10% lowest 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 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 marginAverage
Around the average of companies in the same 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)Very strong
Among the 10% 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 40% 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)Very strong
Among the 10% 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)Strong
Among the 40% 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 ratioAverage
Around the average of companies in the same 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 30% 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 ratioWeak
Among the 30% lowest 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 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 equityVery weak
Among the 10% 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 capitalAverage
Around the average of companies in the same 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 weak
Among the 20% lowest 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 weak
Among the 20% lowest 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 weak
Among the 10% lowest rated companies in the industry
Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.
Liabilities to equityVery weak
Among the 10% lowest rated companies in the 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 debtAverage
Around the average of companies in the same 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 debtVery strong
Among the 20% 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.
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 capitalWeak
Among the 30% lowest 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 equityVery weak
Among the 10% lowest rated companies in the industry
The size of this year's increase or decrease in the company's equity.
One-year change in debtStrong
Among the 40% highest 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 (2) | ||
TB Deputy Member | Deputy Member | 2024 |
MW Chief Executive Officer | Chief Executive Officer | 2017 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (2) | ||
MV Board of Directors | Board of Directors | 2024 |
TE Chairman | Chairman | 2024 |
Former (5)
TF Board of Directors | Board of Directors | 2021 – 2022 |
TB Board of Directors | Board of Directors | 2023 – 2024 |
TM Board of Directors | Board of Directors | 2021 – 2023 |
JE Chairman | Chairman | 2021 – 2024 |
RM Chairman | Chairman | 2024 – 2024 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 100% | 100% | 2020 |
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Brødr Helgesens Eftf AS (this company)Board network connections
Board members of Brødr Helgesens Eftf AS also hold positions in 147 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Marcus Virik | Board of Directors | 47 companiesMany roles |
| Tom Erik Brekke | Chairman | 39 companiesMany roles |
| Trym Berggren Bakken | Deputy Member | 37 companiesMany roles |
| Runar Moss | Chairman | 8 companiesMany roles |
| Tron Magnus Trondsen | Board of Directors | 7 companiesMany roles |
| Marius Waagaard | Chief Executive Officer | 4 companies |
| Torje Fjotland | Board of Directors | 3 companies |
| Jan Einar Rebne | Chairman | 2 companies |
Frequently asked questions
What is the Org number of Brødr Helgesens Eftf AS?
Brødr Helgesens Eftf AS is registered with Brønnøysundsregistrene under Org 935900557.
What is the revenue of Brødr Helgesens Eftf AS?
Brødr Helgesens Eftf AS reported revenue of NOK 60.3m in 2025.
How many employees does Brødr Helgesens Eftf AS have?
Brødr Helgesens Eftf AS employs 40 people as of the latest annual report.
Who is the CEO of Brødr Helgesens Eftf AS?
Marius Waagaard is the CEO of Brødr Helgesens Eftf AS, in role since 2017.
Who is the chairman of Brødr Helgesens Eftf AS?
Tom Erik Brekke chairs the board of Brødr Helgesens Eftf AS, in role since 2024.
Where is Brødr Helgesens Eftf AS headquartered?
Brødr Helgesens Eftf AS's registered address is Barbroveien 7.