Midt-Telemark Kommunale Eigedom AS
ASActiveOrg 963198752Gullbringvegen 20, 3800 Bø I TelemarkRental and operating of own or leased real estate· NACE 6820Est. 1991 · 35 years old11 employeeshttps://www.mtke.no
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Overview
Midt-Telemark Kommunale Eigedom AS is a Norwegian AS based in Bø I Telemark, operating in the Rental and operating of own or leased real estate sector. Incorporated in 1991, the company has 11 employees and reported revenue of NOK 18.5m in its latest annual filing.
Revenue 2025
18.5M NOK
+24% vs 2024
EBITDA margin
22.6 %
−17% vs 2024
Net profit 2025
-1.6M NOK
-1621% vs 2024
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
12.1 %
WeakAmong the 40% lowest rated companies in the industry
20212025
Liquidity ratioCurrent assets ÷ Short-term debt
0.3×
Very weakAmong the 20% lowest rated companies in the industry
20212025
Return on assets (ROA)Net profit ÷ Total assets × 100
-1.8 %
WeakAmong the 30% lowest rated companies in the industry
20212025
EBITDA — year on year
NOK thousandsKey figures
Annual report 2025| Revenue | 18.5M NOK | +24% |
| EBITDA | 4.2M NOK | -17% |
| Net profit | -1.6M NOK | -1621% |
| Total assets | 91.5M NOK | +12% |
| Equity | 11.1M NOK | -19% |
| Employees | 11 | — |
Company information
Legal name
MIDT-TELEMARK KOMMUNALE EIGEDOM AS
Org number
963198752
Legal form
Aksjeselskap
NACE code
Founded
1 August 1991 · 35 years
Share capital
NOK 502,700
Employees
11 (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 eller daglig leder og styrets leder i fellesskap.
Company purpose
Kjøp, salg, drift og oppføring av fast eiendom. Utleie av personell. Utvikle forprosjekter for handel, industri, reiseliv og andre i tilknytning til selskapets eiendommer. Ellers alt som naturlig står i forbindelse med prosjektutvikling og prosjektrealisering i tilknytning til selskapets formål.
(no translation available)
Contact
Address
Gullbringvegen 20, 3800 Bø I Telemark
Website
https://www.mtke.no
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Financial development
In its most recent annual report (2025), Midt-Telemark Kommunale Eigedom AS reported revenue of NOK 18.5m, an increase of 24% 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 1.6m, and the EBITDA margin stood at 22.6%.
At the end of 2025, equity financed 12.1% of the balance sheet, and current assets covered short-term debt 0.3 times.
Financials
Revenue
NOK millionsEBITDA
NOK thousandsIncome statement
NOK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 18,478 | 14,952 | 12,948 | 12,682 | 10,009 |
| Staff expenses | -7,663 | -5,198 | -3,060 | -2,647 | -2,271 |
| EBITDA | 4,167 | 5,049 | 7,222 | 7,047 | 5,172 |
| Depreciation & amort. | -2,462 | -1,965 | -2,005 | -2,008 | -2,016 |
| EBIT | 1,706 | 3,084 | 5,216 | 5,040 | 3,156 |
| Net financials | -3,815 | -3,206 | -2,777 | -2,103 | -1,524 |
| Profit before tax | -2,109 | -123 | 2,439 | 2,936 | 1,633 |
| Tax | -463 | -27 | 537 | 646 | 359 |
| Net profit | -1,646 | -96 | 1,902 | 2,290 | 1,273 |
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Balance sheet
NOK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total assets | 91,490 | 81,376 | 77,235 | 74,408 | 73,264 |
| Equity | 11,093 | 13,739 | 15,335 | 13,433 | 11,143 |
| Long-term debt | 0 | 62,374 | 53,358 | 55,281 | 57,116 |
| Short-term debt | 9,675 | 5,263 | 8,542 | 5,693 | 5,005 |
| Total debt | 80,397 | 67,637 | 61,900 | 60,975 | 62,121 |
Financial ratios
5-year trendEBITDA margin
22.6 %
20212025
Equity ratio
12.1 %
WeakAmong the 40% lowest rated companies in the industry
20212025
Return on equity
-14.8 %
Very weakAmong the 20% lowest rated companies in the industry
20212025
Net profit margin
-8.9 %
WeakAmong the 30% lowest rated companies in the industry
20212025
Asset turnover
0.20×
StrongAmong the 30% highest rated companies in the industry
20212025
Debt / equity
7.25×
Very weakAmong the 20% lowest rated companies in the 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 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 marginWeak
Among the 40% 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 marginWeak
Among the 30% 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 20% 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)Weak
Among the 30% 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 20% 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)Average
Around the average of companies in the same 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 ratioVery weak
Among the 20% 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 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 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 capitalVery weak
Among the 10% 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 ratioVery weak
Among the 10% lowest rated companies in the industry
Cash flow relative to profit — the ability to convert reported profits into accessible cash.
Debt & solvency
Solidity ratioWeak
Among the 40% 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 ratioWeak
Among the 40% 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 20% 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 20% 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 debtWeak
Among the 40% lowest rated companies in the 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 coverageAverage
Around the average of companies in the same industry
The ability to pay the interest on the company's debt out of its earnings.
Interest rate on debtWeak
Among the 40% lowest rated companies in the industry
Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.
Interest marginWeak
Among the 30% 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 turnoverStrong
Among the 30% highest rated companies in the industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
Equity to contributed capitalStrong
Among the 40% 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 equityVery weak
Among the 20% 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 30% 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 (3) | ||
GV Deputy Member | Deputy Member | 2024 |
HG Chief Executive Officer | Chief Executive Officer | 2017 |
LH Deputy Member | Deputy Member | 2024 |
Former (4)
PS Deputy Member | Deputy Member | 2019 – 2022 |
SE Deputy Member | Deputy Member | 2022 – 2024 |
OT Deputy Member | Deputy Member | 2019 – 2024 |
HB Deputy Member | Deputy Member | 2019 – 2022 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (5) | ||
GS Chairman | Chairman | 2019 |
IA Board of Directors | Board of Directors | 2019 |
SE Board of Directors | Board of Directors | 2024 |
OT Board of Directors | Board of Directors | 2024 |
TM Board of Directors | Board of Directors | 2021 |
Former (2)
BD Deputy Chairman | Deputy Chairman | 2019 – 2024 |
AL Board of Directors | Board of Directors | 2019 – 2024 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 100% | 100% | 2020 |
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Company hierarchy
Midt-Telemark Kommunale Eigedom AS (this company)
Valenvegen 2 AS100% ownedValenvegen 6 AS100% ownedMidt-Telemark Næringspark AS100% ownedBreisås 1 AS100% ownedBoard network connections
Board members of Midt-Telemark Kommunale Eigedom AS also hold positions in 74 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Per Simon Slettebø | Deputy Member | 13 companiesMany roles |
| Gunnar Snippen | Chairman | 12 companiesMany roles |
| Helge Guttorm Hallingby | Chief Executive Officer | 11 companiesMany roles |
| Trygve Myrene | Board of Directors | 7 companiesMany roles |
| Bente Dysthe | Deputy Chairman | 6 companiesMany roles |
| Gunnhild Volden | Deputy Member | 5 companies |
| Lars Halvor Ova Johnsen | Deputy Member | 5 companies |
| Arnt Langkaas | Board of Directors | 5 companies |
| Olav Tangen | Deputy Member | 3 companies |
| Ingrid Alise Kvissel | Board of Directors | 3 companies |
| Sif Elin Kjartansdottir | Deputy Member | 2 companies |
| Henry Bråthen | Deputy Member | 2 companies |
Frequently asked questions
What is the Org number of Midt-Telemark Kommunale Eigedom AS?
Midt-Telemark Kommunale Eigedom AS is registered with Brønnøysundsregistrene under Org 963198752.
What is the revenue of Midt-Telemark Kommunale Eigedom AS?
Midt-Telemark Kommunale Eigedom AS reported revenue of NOK 18.5m in 2025.
How many employees does Midt-Telemark Kommunale Eigedom AS have?
Midt-Telemark Kommunale Eigedom AS employs 11 people as of the latest annual report.
Who is the CEO of Midt-Telemark Kommunale Eigedom AS?
Helge Guttorm Hallingby is the CEO of Midt-Telemark Kommunale Eigedom AS, in role since 2017.
Who is the chairman of Midt-Telemark Kommunale Eigedom AS?
Gunnar Snippen chairs the board of Midt-Telemark Kommunale Eigedom AS, in role since 2019.
Where is Midt-Telemark Kommunale Eigedom AS headquartered?
Midt-Telemark Kommunale Eigedom AS's registered address is Gullbringvegen 20.