VB Telemark Rør AS

ASDissolved

Org 992403861Surstoffveien 5, 0661 OsloPlumbing, heat and air-conditioning installation· NACE 4322Est. 2008 · 18 years old31 employeeshttps://www.trvv.no

Overview

VB Telemark Rør AS is a Norwegian AS based in Oslo, operating in the Plumbing, heat and air-conditioning installation sector. Incorporated in 2008, the company has 31 employees and reported revenue of NOK 58.5m in its latest annual filing.

Revenue 2023

58.5M NOK

+25% vs 2022

EBITDA margin

22.1 %

+53% vs 2022

Net profit 2023

10.4M NOK

+64% vs 2022

Key ratios

See full ratios →

22.7 %

Weak

Among the 40% lowest rated companies in the industry

20192023

1.2×

Average

Around the average of companies in the same industry

20192023

34.7 %

Very strong

Among the 10% highest rated companies in the industry

20192023

EBITDA — year on year

NOK millions

Key figures

Annual report 2023

Revenue	58.5M NOK	+25%
EBITDA	12.9M NOK	+53%
Net profit	10.4M NOK	+64%
Total assets	30M NOK	+23%
Equity	6.8M NOK	+3%
Employees	31	—

Contact

Address

Surstoffveien 5, 0661 Oslo

Phone

+47 90 81 21 66

post@trvv.no

Website

https://www.trvv.no

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Financial development

In its most recent annual report (2023), VB Telemark Rør AS reported revenue of NOK 58.5m, an increase of 25% on the year before. The figures on this page draw on 5 annual filings covering 2019 to 2023. The bottom line showed a net profit of NOK 10.4m, and the EBITDA margin stood at 22.1%.

At the end of 2023, equity financed 22.7% of the balance sheet, and current assets covered short-term debt 1.2 times.

Financials

Revenue

NOK millions

EBITDA

NOK millions

Income statement

NOK thousands

Item	2023	2022	2021	2020	2019
Revenue	58,488	46,950	41,119	36,312	33,914
Staff expenses	-15,380	-12,926	-13,463	-13,085	-11,238
EBITDA	12,946	8,453	5,062	5,455	3,234
Depreciation & amort.	-272	-396	-336	-216	-146
EBIT	12,674	8,058	4,726	5,239	3,088
Net financials	494	76	86	40	60
Profit before tax	13,168	8,134	4,812	5,279	3,148
Tax	2,786	1,787	1,111	1,104	678
Net profit	10,382	6,347	3,701	4,175	2,470

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Balance sheet

NOK thousands

Item	2023	2022	2021	2020	2019
Total assets	29,959	24,410	22,718	19,730	14,201
Equity	6,810	6,592	10,245	9,544	7,869
Long-term debt	0	0	0	0	0
Short-term debt	23,149	17,818	12,473	10,186	6,332
Total debt	23,149	17,818	12,473	10,186	6,332

Financial ratios

5-year trend

EBITDA margin

22.1 %

20192023

Equity ratio

22.7 %

Weak

Among the 40% lowest rated companies in the industry

20192023

Return on equity

152.5 %

Very strong

Among the 10% highest rated companies in the industry

20192023

Net profit margin

17.8 %

Very strong

Among the 20% highest rated companies in the industry

20192023

Asset turnover

1.95×

Average

Around the average of companies in the same industry

20192023

Debt / equity

3.40×

Weak

Among the 30% lowest rated companies in the industry

20192023

Sector performance

27 of 28 ratios graded

28 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 marginVery strong

Among the 20% 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 marginVery strong

Among the 20% 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)Very strong

Among the 10% 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 10% 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 ratioVery strong

Among the 10% 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 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 ratioWeak

Among the 30% 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 20% 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 capitalStrong

Among the 30% highest 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 ratioAverage

Around the average of companies in the same 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 equityWeak

Among the 30% 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 30% 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 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 20% 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 10% 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 turnoverAverage

Around the average of companies in the same industry

Revenue relative to total assets — the ability to generate revenue from the asset base.

Equity to contributed capitalVery strong

Among the 20% 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 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 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 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
Annual report 2020
Filed via Brønnøysundsregistrene · Period 2020-01-01 – 2020-12-31
View PDF
Annual report 2019
Filed via Brønnøysundsregistrene · Period 2019-01-01 – 2019-12-31
View PDF

People & ownership

Management

Actively employed in the business

No data on file.

Board of directors

Non-executive oversight

No data on file.

Shareholders

Active legal owners

No shareholder data available.

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Related companies

Company hierarchy

No registered parent or subsidiaries

Frequently asked questions

What is the Org number of VB Telemark Rør AS?

VB Telemark Rør AS is registered with Brønnøysundsregistrene under Org 992403861.

What is the revenue of VB Telemark Rør AS?

VB Telemark Rør AS reported revenue of NOK 58.5m in 2023.

How many employees does VB Telemark Rør AS have?

VB Telemark Rør AS employs 31 people as of the latest annual report.

Where is VB Telemark Rør AS headquartered?

VB Telemark Rør AS's registered address is Surstoffveien 5.