BKK AS
ASActiveOrg 976944801Fjøsangerveien 65, 5054 BergenDistribution of electricity· NACE 3514Est. 1996 · 29 years old556 employeeshttps://www.bkk.no
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Overview
BKK AS is a Norwegian AS based in Bergen, operating in the Distribution of electricity sector. Incorporated in 1996, the company has 556 employees and reported revenue of NOK 2.6bn in its latest annual filing.
Revenue 2025
2.6B NOK
+1% vs 2024
EBITDA margin
42.9 %
+4% vs 2024
Net profit 2025
0.4B NOK
+3% vs 2024
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
33.2 %
AverageAround the average of companies in the same industry
20212025
Liquidity ratioCurrent assets ÷ Short-term debt
0.4×
Very weakAmong the 20% lowest rated companies in the industry
20212025
Return on assets (ROA)Net profit ÷ Total assets × 100
3.9 %
StrongAmong the 30% highest rated companies in the industry
20212025
EBITDA — year on year
NOK millionsKey figures
Annual report 2025| Revenue | 2.6B NOK | +1% |
| EBITDA | 1.1B NOK | +4% |
| Net profit | 0.4B NOK | +3% |
| Total assets | 9.9B NOK | +8% |
| Equity | 3.3B NOK | +9% |
| Employees | 556 | — |
Company information
Legal name
BKK AS
Org number
976944801
Legal form
Aksjeselskap
NACE code
3514 · Distribution of electricity
Founded
26 November 1996 · 29 years
Share capital
NOK 1,321,207,667
Employees
556 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2025-12-31
Financial year
January – December
Signatory rights
Styrets leder eller to styremedlemmer i fellesskap med daglig leder.
Contact
Address
Fjøsangerveien 65, 5054 Bergen
Phone
+47 55 12 70 00
Email
kundepostnett@bkk.no
Website
https://www.bkk.no
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Financial development
In its most recent annual report (2025), BKK AS reported revenue of NOK 2.6bn, an increase of 1% 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 387.7m, and the EBITDA margin stood at 42.9%.
At the end of 2025, equity financed 33.2% of the balance sheet, and current assets covered short-term debt 0.4 times.
Financials
Revenue
NOK millionsEBITDA
NOK millionsIncome statement
NOK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 2,554,650 | 2,521,405 | 2,277,674 | 2,913,135 | 2,145,363 |
| Staff expenses | -636,766 | -591,301 | -559,106 | -554,402 | -538,974 |
| EBITDA | 1,095,910 | 1,058,637 | 1,130,013 | 1,195,985 | 636,193 |
| Depreciation & amort. | -387,932 | -361,620 | -345,932 | -323,098 | -308,320 |
| EBIT | 707,978 | 697,017 | 784,081 | 872,887 | 327,873 |
| Net financials | -208,730 | -213,609 | -139,617 | -78,430 | -28,455 |
| Profit before tax | 499,248 | 483,408 | 644,464 | 794,457 | 299,417 |
| Tax | 111,555 | 107,247 | 141,123 | 175,144 | 66,186 |
| Net profit | 387,693 | 376,160 | 503,340 | 619,312 | 233,232 |
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Balance sheet
NOK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total assets | 9,920,795 | 9,168,010 | 8,404,744 | 7,814,206 | 7,167,615 |
| Equity | 3,289,090 | 3,013,293 | 2,648,517 | 2,473,601 | 2,274,994 |
| Long-term debt | 5,170,000 | 5,089,230 | 3,954,052 | 3,906,364 | 3,779,497 |
| Short-term debt | 1,461,705 | 1,065,487 | 1,786,889 | 1,356,656 | 971,657 |
| Total debt | 6,631,705 | 6,154,717 | 5,740,941 | 5,263,020 | 4,751,155 |
Financial ratios
5-year trendEBITDA margin
42.9 %
20212025
Equity ratio
33.2 %
AverageAround the average of companies in the same industry
20212025
Return on equity
11.8 %
StrongAmong the 30% highest rated companies in the industry
20212025
Net profit margin
15.2 %
StrongAmong the 40% highest rated companies in the industry
20212025
Asset turnover
0.26×
StrongAmong the 30% highest rated companies in the industry
20212025
Debt / equity
2.02×
WeakAmong the 40% 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 marginVery strong
Among the 10% highest 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 marginStrong
Among the 40% 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 marginStrong
Among the 40% 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)Strong
Among the 30% 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 ratioStrong
Among the 30% 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 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 ratioVery weak
Among the 20% 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 equityStrong
Among the 30% 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 ratioVery strong
Among the 20% highest rated companies in the industry
Cash flow relative to profit — the ability to convert reported profits into accessible cash.
Debt & solvency
Solidity ratioAverage
Around the average of companies in the same industry
Equity as a share of total assets — the ability to absorb losses. Around 40% is considered satisfactory from a credit perspective.
Debt ratioAverage
Around the average of companies in the same industry
Total debt relative to the balance-sheet total — the share of the assets financed by debt rather than equity.
Debt to equityWeak
Among the 40% 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 equityWeak
Among the 40% 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 debtStrong
Among the 40% highest rated companies in the industry
Profit relative to debt — the ability to create earnings while operating with debt.
EBITDA to debtStrong
Among the 30% highest rated companies in the industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest coverageStrong
Among the 30% 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 marginStrong
Among the 30% 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 30% highest rated companies in the industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
Inventory turnoverWeak
Among the 30% 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 debtWeak
Among the 40% 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 (7) | ||
LB Deputy Member | Deputy Member | 2024 |
JR Deputy Member | Deputy Member | 2025 |
BT Deputy Member | Deputy Member | 2026 |
AT Deputy Member | Deputy Member | 2026 |
RL Deputy Member | Deputy Member | 2026 |
KJ Chief Executive Officer | Chief Executive Officer | 2023 |
TB Deputy Member | Deputy Member | 2026 |
Former (15)
KS Deputy Member | Deputy Member | 2026 – 2026 |
AF Deputy Member | Deputy Member | 2024 – 2026 |
JS Deputy Member | Deputy Member | 2024 – 2026 |
TU Deputy Member | Deputy Member | 2022 – 2024 |
JB Deputy Member | Deputy Member | 2020 – 2022 |
KT Chief Executive Officer | Chief Executive Officer | 2019 – 2023 |
DJ Deputy Member | Deputy Member | 2022 – 2024 |
IL Deputy Member | Deputy Member | 2020 – 2022 |
AA Deputy Member | Deputy Member | 2020 – 2022 |
RH Deputy Member | Deputy Member | 2020 – 2022 |
MA Deputy Member | Deputy Member | 2020 – 2022 |
MT Deputy Member | Deputy Member | 2024 – 2025 |
DT Deputy Member | Deputy Member | 2022 – 2024 |
ES Deputy Member | Deputy Member | 2024 – 2026 |
SS Deputy Member | Deputy Member | 2020 – 2024 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (8) | ||
KS Board of Directors | Board of Directors | 2026 |
BF Board of Directors | Board of Directors | 2026 |
EF Board of Directors | Board of Directors | 2024 |
ØA Board of Directors | Board of Directors | 2026 |
RH Board of Directors | Board of Directors | 2026 |
JF Chairman | Chairman | 2025 |
TH Board of Directors | Board of Directors | 2025 |
SF Board of Directors | Board of Directors | 2023 |
Former (16)
AF Board of Directors | Board of Directors | 2020 – 2022 |
SK Board of Directors | Board of Directors | 2020 – 2023 |
JS Board of Directors | Board of Directors | 2023 – 2024 |
RI Deputy Chairman | Deputy Chairman | 2021 – 2023 |
HR Board of Directors | Board of Directors | 2020 – 2026 |
DJ Board of Directors | Board of Directors | 2020 – 2022 |
MH Chairman | Chairman | 2020 – 2022 |
LB Board of Directors | Board of Directors | 2022 – 2024 |
JR Board of Directors | Board of Directors | 2023 – 2025 |
AT Board of Directors | Board of Directors | 2024 – 2026 |
KB Board of Directors | Board of Directors | 2026 – 2026 |
RL Board of Directors | Board of Directors | 2020 – 2024 |
VK Board of Directors | Board of Directors | 2023 – 2025 |
GH Board of Directors | Board of Directors | 2020 – 2023 |
KL Chairman | Chairman | 2022 – 2025 |
MA Board of Directors | Board of Directors | 2022 – 2023 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 100% | 100% | 2020 |
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Company hierarchy
Eviny As100%
BKK AS (this company)Validér AS30.0031% ownedRen As5.8275% ownedRasjonell Beredskap AS100% ownedRen Sjøkabelberedskap AS100% ownedRen Transformatorberedskap AS100% ownedRasjonell Elektrisk Nettvirksomhet AS100% ownedRen Gis-Beredskap AS100% ownedGroft AS100% ownedRen Ip AS100% ownedBoard network connections
Board members of BKK AS also hold positions in 158 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Jon Fredrik Baksaas | Chairman | 16 companiesMany roles |
| Johannes Richard Namstad Dobson | Deputy Member | 15 companiesMany roles |
| Jo Skansen | Deputy Member | 14 companiesMany roles |
| Tina Hovland Bargård | Board of Directors | 14 companiesMany roles |
| Øivind Askvik | Board of Directors | 11 companiesMany roles |
| Ketil Tømmernes | Chief Executive Officer | 10 companiesMany roles |
| Marius Tveit | Deputy Member | 9 companiesMany roles |
| Helge Robert Midtbø | Board of Directors | 8 companiesMany roles |
| Kjetil Skeistrand Kjoberg | Deputy Member | 5 companies |
| Robert Loven | Deputy Member | 5 companies |
| Kristin Johnsen Aadland | Chief Executive Officer | 5 companies |
| Svein Kåre Grønås | Board of Directors | 5 companies |
| Rune Indrøy | Deputy Chairman | 5 companies |
| Grethe Høiland | Board of Directors | 5 companies |
| Kristin Lian | Chairman | 5 companies |
| Anne-Lene Fromreide Svendsen | Deputy Member | 3 companies |
| Thomas Utne Skovdahl | Deputy Member | 3 companies |
| Jørund Barth Vedøy | Deputy Member | 3 companies |
| Ruth Helene Kyte | Deputy Member | 3 companies |
| Vivian Kirkeng Vennerød | Board of Directors | 3 companies |
| Daniel Tvedt Syslak | Deputy Member | 2 companies |
| Magne Heimvik | Chairman | 2 companies |
| Siw Fedog Hellesen | Board of Directors | 2 companies |
| Amalie Thunold Matthiessen | Deputy Member | 1 company |
| Malin Amundsen | Deputy Member | 1 company |
| Erik Stenseth | Deputy Member | 1 company |
| Espen Foldnes Skibenes | Board of Directors | 1 company |
| Rune Haugsdal | Board of Directors | 1 company |
Frequently asked questions
What is the Org number of BKK AS?
BKK AS is registered with Brønnøysundsregistrene under Org 976944801.
What is the revenue of BKK AS?
BKK AS reported revenue of NOK 2.6bn in 2025.
How many employees does BKK AS have?
BKK AS employs 556 people as of the latest annual report.
Who is the CEO of BKK AS?
Kristin Johnsen Aadland is the CEO of BKK AS, in role since 2023.
Who is the chairman of BKK AS?
Jon Fredrik Baksaas chairs the board of BKK AS, in role since 2025.
Where is BKK AS headquartered?
BKK AS's registered address is Fjøsangerveien 65.