Tromsø Turnforening
FLIActiveOrg 974899450Templarheimvegen 37, 9010 TromsøActivities of sports clubs· NACE 9312Est. 1862 · 164 years old66 employeeshttps://www.tromsoturn.no
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Overview
Tromsø Turnforening is a Norwegian FLI based in Tromsø, operating in the Activities of sports clubs sector. Incorporated in 1862, the company has 66 employees and reported revenue of NOK 9.9m in its latest annual filing.
Revenue 2022
9.9M NOK
+9% vs 2021
EBITDA margin
−6.2 %
−249% vs 2021
Net profit 2022
-0.7M NOK
-234% vs 2021
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
80.0 %
StrongAmong the 30% highest rated companies in the industry
20182022
Liquidity ratioCurrent assets ÷ Short-term debt
1.3×
AverageAround the average of companies in the same industry
20182022
Return on assets (ROA)Net profit ÷ Total assets × 100
-8.0 %
WeakAmong the 30% lowest rated companies in the industry
20182022
EBITDA — year on year
NOK thousandsKey figures
Annual report 2022| Revenue | 9.9M NOK | +9% |
| EBITDA | -0.6M NOK | -249% |
| Net profit | -0.7M NOK | -234% |
| Total assets | 8.6M NOK | -15% |
| Equity | 6.9M NOK | -9% |
| Employees | 66 | — |
Company information
Legal name
TROMSØ TURNFORENING
Org number
974899450
Legal form
Forening/Lag/Innretning
NACE code
9312 · Activities of sports clubs
Founded
29 April 1862 · 164 years
Share capital
—
Employees
66 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2022-12-31
Financial year
January – December
Signatory rights
Not yet available for this organisation form.
Contact
Address
Templarheimvegen 37, 9010 Tromsø
Website
https://www.tromsoturn.no
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Financial development
In its most recent annual report (2022), Tromsø Turnforening reported revenue of NOK 9.9m, an increase of 9% on the year before. The figures on this page draw on 5 annual filings covering 2018 to 2022. The bottom line showed a net loss of NOK 688.3k, and the EBITDA margin stood at -6.2%.
At the end of 2022, equity financed 80% of the balance sheet, and current assets covered short-term debt 1.3 times.
Financials
Revenue
NOK millionsEBITDA
NOK thousandsIncome statement
NOK thousands| Item | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|
| Revenue | 9,886 | 9,049 | 9,576 | 10,719 | 9,700 |
| Staff expenses | -4,840 | -4,681 | -4,110 | -4,406 | -3,337 |
| EBITDA | -616 | -176 | 767 | 150 | 1,024 |
| Depreciation & amort. | -73 | -29 | -184 | -184 | -222 |
| EBIT | -688 | -205 | 583 | -34 | 802 |
| Net financials | 0 | -0 | -1 | 1 | 0 |
| Profit before tax | -688 | -206 | 582 | -33 | 802 |
| Tax | -0 | -0 | -0 | -0 | -0 |
| Net profit | -688 | -206 | 582 | -33 | 802 |
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Balance sheet
NOK thousands| Item | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|
| Total assets | 8,649 | 10,122 | 10,606 | 8,904 | 8,318 |
| Equity | 6,916 | 7,604 | 7,810 | 7,228 | 7,261 |
| Long-term debt | 0 | 0 | 0 | 0 | 0 |
| Short-term debt | 1,733 | 2,518 | 2,796 | 1,676 | 1,057 |
| Total debt | 1,733 | 2,518 | 2,796 | 1,676 | 1,057 |
Financial ratios
5-year trendEBITDA margin
-6.2 %
20182022
Equity ratio
80.0 %
StrongAmong the 30% highest rated companies in the industry
20182022
Return on equity
-10.0 %
WeakAmong the 30% lowest rated companies in the industry
20182022
Net profit margin
-7.0 %
WeakAmong the 30% lowest rated companies in the industry
20182022
Asset turnover
1.14×
AverageAround the average of companies in the same industry
20182022
Debt / equity
0.25×
StrongAmong the 30% highest rated companies in the industry
20182022
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 40% 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 30% 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)Weak
Among the 30% 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)Weak
Among the 30% 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)Weak
Among the 30% 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 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 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 equityVery strong
Among the 20% 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 30% 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 30% 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 30% 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 equityStrong
Among the 30% 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 40% 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 weak
Among the 20% 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 20% lowest rated companies in the industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest coverageVery weak
Among the 10% lowest rated companies in the industry
The ability to pay the interest on the company's debt out of its earnings.
Interest rate on debtStrong
Among the 30% highest 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 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 turnoverVery weak
Among the 10% 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.
One-year change in equityWeak
Among the 40% lowest rated companies in the industry
The size of this year's increase or decrease in the company's equity.
One-year change in debtVery strong
Among the 20% highest rated companies in the industry
The size of this year's increase or decrease in the company's debt.
Equity to contributed capitalNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Total equity relative to the capital the owners contributed — how the equity has developed from its starting point.
Annual reports & filings
- Annual report 2022Filed via Brønnøysundsregistrene · Period 2022-01-01 – 2022-12-31
- Annual report 2021Filed via Brønnøysundsregistrene · Period 2021-01-01 – 2021-12-31
- Annual report 2020Filed via Brønnøysundsregistrene · Period 2020-01-01 – 2020-12-31
- Annual report 2019Filed via Brønnøysundsregistrene · Period 2019-01-01 – 2019-12-31
- Annual report 2018Filed via Brønnøysundsregistrene · Period 2018-01-01 – 2018-12-31
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|
Former (3)
AB Chief Executive Officer | Chief Executive Officer | 2022 – 2024 |
KE Chief Executive Officer | Chief Executive Officer | 2019 – 2022 |
JW Contact Person | Contact Person | 2024 – 2026 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (6) | ||
KJ Chairman | Chairman | 2026 |
ME Board of Directors | Board of Directors | 2026 |
VA Board of Directors | Board of Directors | 2024 |
MF Board of Directors | Board of Directors | 2025 |
LS Board of Directors | Board of Directors | 2024 |
KC Board of Directors | Board of Directors | 2026 |
Former (17)
TE Board of Directors | Board of Directors | 2021 – 2022 |
KÅ Board of Directors | Board of Directors | 2021 – 2024 |
ME Board of Directors | Board of Directors | 2020 – 2024 |
AS Chairman | Chairman | 2024 – 2026 |
KE Chairman | Chairman | 2022 – 2023 |
AH Board of Directors | Board of Directors | 2024 – 2025 |
SL Board of Directors | Board of Directors | 2020 – 2024 |
MF Deputy Chairman | Deputy Chairman | 2021 – 2024 |
ID Board of Directors | Board of Directors | 2020 – 2021 |
MJ Board of Directors | Board of Directors | 2020 – 2021 |
LR Deputy Chairman | Deputy Chairman | 2020 – 2021 |
BJ Board of Directors | Board of Directors | 2020 – 2024 |
MB Deputy Chairman | Deputy Chairman | 2024 – 2026 |
LO Chairman | Chairman | 2020 – 2022 |
SF Board of Directors | Board of Directors | 2020 – 2022 |
SM Board of Directors | Board of Directors | 2022 – 2024 |
JM Board of Directors | Board of Directors | 2022 – 2024 |
Shareholders
Active legal ownersNo shareholder data available.
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Company hierarchy
Tromsø Turnforening 
Turnhallen Tromsø ASBoard network connections
Board members of Tromsø Turnforening also hold positions in 65 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Kristian Jordan | Chairman | 15 companiesMany roles |
| Jarl Magne Figenschou | Board of Directors | 9 companiesMany roles |
| Ane Birgitte Berg | Chief Executive Officer | 8 companiesMany roles |
| Liv-Inger Resvoll | Deputy Chairman | 7 companiesMany roles |
| Anja Støback Bjørsvik | Chairman | 3 companies |
| Stine Larsen Loso | Board of Directors | 3 companies |
| Knut Einar Larsen | Chief Executive Officer | 2 companies |
| Kent Erik Jæger Holmen | Chairman | 2 companies |
| Vidar Arne Ytterdal Sørum | Board of Directors | 2 companies |
| Marius Johan Jensen | Board of Directors | 2 companies |
| Lasse Schøning | Board of Directors | 2 companies |
| Stine Fladseth | Board of Directors | 2 companies |
| Kjersti Corneliussen Øren | Board of Directors | 2 companies |
| John Willy Olsen | Contact Person | 1 company |
| Tormod Eilertsen Sletvold | Board of Directors | 1 company |
| Marianne Færøyvik | Deputy Chairman | 1 company |
| Ingeborg Dahl Evertsen | Board of Directors | 1 company |
| Børge Johansen | Board of Directors | 1 company |
| May-Iren Bratsberg | Deputy Chairman | 1 company |
Frequently asked questions
What is the Org number of Tromsø Turnforening?
Tromsø Turnforening is registered with Brønnøysundsregistrene under Org 974899450.
What is the revenue of Tromsø Turnforening?
Tromsø Turnforening reported revenue of NOK 9.9m in 2022.
How many employees does Tromsø Turnforening have?
Tromsø Turnforening employs 66 people as of the latest annual report.
Who is the chairman of Tromsø Turnforening?
Kristian Jordan chairs the board of Tromsø Turnforening, in role since 2026.
Where is Tromsø Turnforening headquartered?
Tromsø Turnforening's registered address is Templarheimvegen 37.