Elmat AS
ASActiveOrg 976530330Industriveien 1, 6517 Kristiansund NTrade of electricity· NACE 3515Est. 1996 · 30 years old0 employeeshttps://www.neas.mr.no
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Overview
Elmat AS is a Norwegian AS based in Kristiansund N, operating in the Trade of electricity sector. Incorporated in 1996, the company has 0 employees and reported revenue of NOK 2.7m in its latest annual filing.
Revenue 2025
2.7M NOK
+6% vs 2024
EBITDA margin
−0.5 %
−26% vs 2024
Net profit 2025
0M NOK
0 employees
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
11.3 %
WeakAmong the 30% lowest rated companies in the industry
20212025
Liquidity ratioCurrent assets ÷ Short-term debt
1.1×
WeakAmong the 40% lowest rated companies in the industry
20212025
Return on assets (ROA)Net profit ÷ Total assets × 100
0.0 %
AverageAround the average of companies in the same industry
20212025
EBITDA — year on year
NOK thousandsKey figures
Annual report 2025| Revenue | 2.7M NOK | +6% |
| EBITDA | -0M NOK | -26% |
| Net profit | 0M NOK | — |
| Total assets | 1.5M NOK | +2% |
| Equity | 0.2M NOK | 0% |
| Employees | 0 | — |
Company information
Legal name
ELMAT AS
Org number
976530330
Legal form
Aksjeselskap
NACE code
3515 · Trade of electricity
Founded
18 June 1996 · 30 years
Share capital
NOK 170,000
Employees
0 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2025-12-31
Financial year
January – December
Company purpose
Samordne innkjøp for eierne, og på forretningsmessig grunnlag engasjere seg i salg/kjøp av varer og tjenester som er av felles interesse for eierne. Aksjonærene skal være nettselskap.
(no translation available)
Contact
Address
Industriveien 1, 6517 Kristiansund N
Website
https://www.neas.mr.no
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Financial development
In its most recent annual report (2025), Elmat AS reported revenue of NOK 2.7m, an increase of 6% on the year before. The figures on this page draw on 5 annual filings covering 2021 to 2025. The bottom line showed a break-even result, and the EBITDA margin stood at -0.5%.
At the end of 2025, equity financed 11.3% of the balance sheet, and current assets covered short-term debt 1.1 times.
Financials
Revenue
NOK thousandsEBITDA
NOK thousandsIncome statement
NOK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 2,672 | 2,528 | 1,363 | 883 | 913 |
| Staff expenses | -115 | -118 | -110 | -156 | -98 |
| EBITDA | -13 | -10 | -7 | 1 | 2 |
| Depreciation & amort. | -0 | -0 | -0 | -0 | -0 |
| EBIT | -13 | -10 | -7 | 1 | 2 |
| Net financials | 13 | 10 | 7 | -1 | -2 |
| Profit before tax | 0 | 0 | -0 | 0 | -0 |
| Tax | -0 | -0 | -0 | -0 | -0 |
| Net profit | 0 | 0 | 0 | 0 | 0 |
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Balance sheet
NOK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total assets | 1,505 | 1,474 | 974 | 748 | 960 |
| Equity | 170 | 170 | 170 | 160 | 160 |
| Long-term debt | 0 | 0 | 0 | 0 | 0 |
| Short-term debt | 1,334 | 1,304 | 804 | 587 | 800 |
| Total debt | 1,334 | 1,304 | 804 | 587 | 800 |
Financial ratios
5-year trendEBITDA margin
-0.5 %
20212025
Equity ratio
11.3 %
WeakAmong the 30% lowest rated companies in the industry
20212025
Return on equity
0.0 %
AverageAround the average of companies in the same industry
20212025
Net profit margin
0.0 %
AverageAround the average of companies in the same industry
20212025
Asset turnover
1.78×
Very strongAmong the 10% highest rated companies in the industry
20212025
Debt / equity
7.83×
Very weakAmong the 20% lowest rated companies in the industry
20212025
Sector performance
24 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 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 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)Average
Around the average of companies in the same industry
Net profit as a percentage of equity — the return the owners earned on their invested capital this year.
Return on assets (ROA)Average
Around the average of companies in the same industry
Net profit as a percentage of total assets — the return generated on the capital employed.
Return on net assets (RONA)Average
Around the average of companies in the same 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 40% 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 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 40% 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 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 ratioWeak
Among the 40% 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 capitalNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
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 ratioNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Cash flow relative to profit — the ability to convert reported profits into accessible cash.
Debt & solvency
Solidity ratioWeak
Among the 30% 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 30% 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 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 debtWeak
Among the 40% lowest rated companies in the industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest rate on debtVery strong
Among the 10% highest rated companies in the industry
Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.
Interest marginAverage
Around the average of companies in the same 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.
Interest coverageNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
The ability to pay the interest on the company's debt out of its earnings.
Efficiency & development
Asset turnoverVery strong
Among the 10% highest rated companies in the industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
Equity to contributed capitalWeak
Among the 40% 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 equityAverage
Around the average of companies in the same industry
The size of this year's increase or decrease in the company's equity.
One-year change in debtAverage
Around the average of companies in the same 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 (1) | ||
AO Chief Executive Officer | Chief Executive Officer | 2024 |
Former (3)
AV Deputy Member | Deputy Member | 2020 – 2023 |
KJ Chief Executive Officer | Chief Executive Officer | 2003 – 2024 |
IM Deputy Member | Deputy Member | 2020 – 2025 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (4) | ||
GE Chairman | Chairman | 2024 |
SV Board of Directors | Board of Directors | 2024 |
KS Board of Directors | Board of Directors | 2023 |
LI Board of Directors | Board of Directors | 2022 |
Former (5)
JB Chairman | Chairman | 2023 – 2024 |
TL Board of Directors | Board of Directors | 2020 – 2023 |
OR Board of Directors | Board of Directors | 2020 – 2022 |
KA Chairman | Chairman | 2020 – 2023 |
HI Board of Directors | Board of Directors | 2020 – 2022 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 47.06% | 47.06% | 2023 | |
| Company | 5.88% | 5.88% | 2020 | |
| Company | 5.88% | 5.88% | 2023 | |
| Company | 5.88% | 5.88% | 2020 | |
| Company | 5.88% | 5.88% | 2020 | |
| Company | 5.88% | 5.88% | 2020 | |
| Company | 5.88% | 5.88% | 2021 | |
| Company | 5.88% | 5.88% | 2021 | |
| Company | 5.88% | 5.88% | 2020 | |
| Company | 5.88% | 5.88% | 2023 | |
| Company | 5.88% | 5.88% | 2020 | |
| Company | 5.88% | 5.88% | 2020 | |
| Company | 5.88% | 5.88% | 2020 | |
| Company | 5.88% | 5.88% | 2020 |
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Company hierarchy
Vevig As5.8824%Viermie As5.8824%Fjellnett As5.8824%Klive As5.8824%Netera As5.8824%Mellom As5.8824%Romsdalsnett As5.8824%Griug As5.8824%Elinett As5.8824%Elmat As47.06%Istad Kraft As5.88%Fosenkraft Energi As5.88%Sunndal Energi As5.88%
Elmat AS (this company)Board network connections
Board members of Elmat AS also hold positions in 161 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Ivar Muller Often | Deputy Member | 26 companiesMany roles |
| Kolbjørn Solem | Board of Directors | 24 companiesMany roles |
| Leif Inge Schjølberg | Board of Directors | 23 companiesMany roles |
| Alf Vee Midtun | Deputy Member | 21 companiesMany roles |
| Hans Ivar Kolden | Board of Directors | 17 companiesMany roles |
| Johannes Bergum | Chairman | 15 companiesMany roles |
| Knut Johnny Hansen | Chief Executive Officer | 10 companiesMany roles |
| Alf Olav Hjelmaas | Chief Executive Officer | 9 companiesMany roles |
| Knut Arne Vike | Chairman | 6 companiesMany roles |
| Torgeir Leet Halvorsen | Board of Directors | 4 companies |
| Gerhard Eidså | Chairman | 4 companies |
| Siri Vea Grytting | Board of Directors | 1 company |
| Odd Refsdal | Board of Directors | 1 company |
Frequently asked questions
What is the Org number of Elmat AS?
Elmat AS is registered with Brønnøysundsregistrene under Org 976530330.
What is the revenue of Elmat AS?
Elmat AS reported revenue of NOK 2.7m in 2025.
Who is the CEO of Elmat AS?
Alf Olav Hjelmaas is the CEO of Elmat AS, in role since 2024.
Who is the chairman of Elmat AS?
Gerhard Eidså chairs the board of Elmat AS, in role since 2024.
Where is Elmat AS headquartered?
Elmat AS's registered address is Industriveien 1.