Erlings Mathus AS

ASActive

Org 986327509Christian Sindings Vei, 3610 KongsbergNon-specialised retail sale of predominately food, beverages or tobacco· NACE 4711Est. 2003 · 22 years old0 employees

Overview

Erlings Mathus AS is a Norwegian AS based in Kongsberg, operating in the Non-specialised retail sale of predominately food, beverages or tobacco sector. Incorporated in 2003, the company has 0 employees and reported revenue of NOK 39.9m in its latest annual filing.

Revenue 2025

39.9M NOK

−16% vs 2024

EBITDA margin

3.0 %

+60% vs 2024

Net profit 2025

1M NOK

+57% vs 2024

Key ratios

See full ratios →

63.7 %

Strong

Among the 40% highest rated companies in the industry

20212025

2.8×

Strong

Among the 40% highest rated companies in the industry

20212025

30.4 %

Very strong

Among the 10% highest rated companies in the industry

20212025

EBITDA — year on year

NOK thousands

Key figures

Annual report 2025

Revenue	39.9M NOK	-16%
EBITDA	1.2M NOK	+60%
Net profit	1M NOK	+57%
Total assets	3.4M NOK	-36%
Equity	2.2M NOK	+91%
Employees	0	—

Contact

Address

Christian Sindings Vei, 3610 Kongsberg

Phone

+47 92 44 60 62

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Financial development

In its most recent annual report (2025), Erlings Mathus AS reported revenue of NOK 39.9m, a decrease of 16% 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 1.0m, and the EBITDA margin stood at 3%.

At the end of 2025, equity financed 63.7% of the balance sheet, and current assets covered short-term debt 2.8 times.

Financials

Revenue

NOK millions

EBITDA

NOK thousands

Income statement

NOK thousands

Item	2025	2024	2023	2022	2021
Revenue	39,915	47,392	44,480	41,762	45,614
Staff expenses	-3,993	-4,829	-4,986	-4,974	-5,105
EBITDA	1,209	756	598	66	909
Depreciation & amort.	-0	-0	-0	-0	-0
EBIT	1,209	756	598	66	909
Net financials	122	95	58	26	12
Profit before tax	1,331	851	656	93	921
Tax	293	188	144	20	203
Net profit	1,038	663	512	72	719

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Balance sheet

NOK thousands

Item	2025	2024	2023	2022	2021
Total assets	3,417	5,355	5,610	4,752	4,557
Equity	2,177	1,139	1,476	964	891
Long-term debt	0	0	0	0	0
Short-term debt	1,240	4,217	4,135	3,788	3,666
Total debt	1,240	4,217	4,135	3,788	3,666

Financial ratios

5-year trend

EBITDA margin

3.0 %

20212025

Equity ratio

63.7 %

Strong

Among the 40% highest rated companies in the industry

20212025

Return on equity

47.7 %

Very strong

Among the 20% highest rated companies in the industry

20212025

Net profit margin

2.6 %

Average

Around the average of companies in the same industry

20212025

Asset turnover

11.68×

Very strong

Among the 10% highest rated companies in the industry

20212025

Debt / equity

0.57×

Strong

Among the 40% highest rated companies in the industry

20212025

Sector performance

26 of 28 ratios graded

28 financial ratios from the latest filing, each graded against companies in the same industry.

Profitability

Gross marginVery weak

Among the 20% 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 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 20% 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)Very strong

Among the 10% 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 20% 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 10% 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 ratioStrong

Among the 40% highest 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 ratioStrong

Among the 30% highest 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 strong

Among the 20% highest rated companies in the industry

Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.

Current assets to equityAverage

Around the average of companies in the same 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.

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.

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.

Debt & solvency

Solidity ratioStrong

Among the 40% 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 40% 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 strong

Among the 20% highest rated companies in the industry

Profit relative to debt — the ability to create earnings while operating with debt.

EBITDA to debtVery strong

Among the 10% highest rated companies in the 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 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 marginVery strong

Among the 20% 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 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 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 equityVery strong

Among the 10% highest 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 10% highest 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 2025
Filed via Brønnøysundsregistrene · Period 2025-01-01 – 2025-12-31
View PDF
Annual report 2024
Filed via Brønnøysundsregistrene · Period 2024-01-01 – 2024-12-31
View PDF
Annual report 2023
Filed via Brønnøysundsregistrene · Period 2023-01-01 – 2023-12-31
View PDF
Annual report 2022
Filed via Brønnøysundsregistrene · Period 2022-01-01 – 2022-12-31
View PDF
Annual report 2021
Filed via Brønnøysundsregistrene · Period 2021-01-01 – 2021-12-31
View PDF

People & ownership

Management

Actively employed in the business

Name	Role	Member since
Current (1)
ØB Øyvind Bruvoll Deputy Member	Deputy Member	2021

Former (1)


EB Erling Bakken Chief Executive Officer	Chief Executive Officer	2003 – 2026

Board of directors

Non-executive oversight

Name	Role	Member since
Current (1)
EB Erling Bakken Chairman	Chairman	2021

Former (1)


PL Per Lønning Board of Directors	Board of Directors	2021 – 2021

Shareholders

Active legal owners

No shareholder data available.

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Related companies

Company hierarchy

No registered parent or subsidiaries

Board network connections

Board members of Erlings Mathus AS also hold positions in 2 other companies.

Person	Role here	Other companies
Øyvind Bruvoll	Deputy Member	1 company
Erling Bakken	Chief Executive Officer	1 company

Frequently asked questions

What is the Org number of Erlings Mathus AS?

Erlings Mathus AS is registered with Brønnøysundsregistrene under Org 986327509.

What is the revenue of Erlings Mathus AS?

Erlings Mathus AS reported revenue of NOK 39.9m in 2025.

Who is the chairman of Erlings Mathus AS?

Erling Bakken chairs the board of Erlings Mathus AS, in role since 2021.

Where is Erlings Mathus AS headquartered?

Erlings Mathus AS's registered address is Christian Sindings Vei.