Bratseth AS
ASActiveOrg 998489520Industrivegen 92, 6600 SunndalsøraElectrical installation· NACE 4321Est. 2012 · 14 years old34 employeeshttps://www.bratseth.as
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Overview
Bratseth AS is a Norwegian AS based in Sunndalsøra, operating in the Electrical installation sector. Incorporated in 2012, the company has 34 employees and reported revenue of NOK 95.9m in its latest annual filing.
Revenue 2025
95.9M NOK
−30% vs 2024
EBITDA margin
−24.8 %
−260% vs 2024
Net profit 2025
-21M NOK
-345% vs 2024
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
2.9 %
Very weakAmong the 20% lowest rated companies in the industry
20212025
Liquidity ratioCurrent assets ÷ Short-term debt
0.9×
WeakAmong the 30% lowest rated companies in the industry
20212025
Return on assets (ROA)Net profit ÷ Total assets × 100
-37.2 %
Very weakAmong the 10% lowest rated companies in the industry
20212025
EBITDA — year on year
NOK millionsKey figures
Annual report 2025| Revenue | 95.9M NOK | -30% |
| EBITDA | -23.8M NOK | -260% |
| Net profit | -21M NOK | -345% |
| Total assets | 56.5M NOK | -38% |
| Equity | 1.6M NOK | -93% |
| Employees | 34 | — |
Company information
Legal name
BRATSETH AS
Org number
998489520
Legal form
Aksjeselskap
NACE code
4321 · Electrical installation
Founded
8 June 2012 · 14 years
Share capital
NOK 5,290,000
Employees
34 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2025-12-31
Financial year
January – December
Signatory rights
To styremedlemmer i fellesskap.
Company purpose
Selskapets formål er å gjennomføre tekniske installasjoner, drive med handelsvirksomhet, investeringer og alt som står i den forbindelse, herunder deltagelse i annen virksomhet.
(no translation available)
Contact
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Financial development
In its most recent annual report (2025), Bratseth AS reported revenue of NOK 95.9m, a decrease of 30% on the year before. The figures on this page draw on 5 annual filings covering 2021 to 2025. The bottom line showed a net loss of NOK 21.0m, and the EBITDA margin stood at -24.8%.
At the end of 2025, equity financed 2.9% of the balance sheet, and current assets covered short-term debt 0.9 times.
Financials
Revenue
NOK millionsEBITDA
NOK millionsIncome statement
NOK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 95,942 | 137,675 | 124,335 | 104,595 | 115,419 |
| Staff expenses | -41,171 | -47,998 | -40,638 | -36,056 | -44,019 |
| EBITDA | -23,790 | 14,849 | 8,280 | 10,618 | 12,872 |
| Depreciation & amort. | -1,841 | -1,747 | -1,555 | -1,587 | -1,532 |
| EBIT | -25,631 | 13,102 | 6,725 | 9,031 | 11,340 |
| Net financials | -1,288 | -2,106 | -7,289 | -472 | -775 |
| Profit before tax | -26,919 | 10,996 | -564 | 8,560 | 10,565 |
| Tax | -5,904 | 2,415 | 332 | 1,987 | 2,514 |
| Net profit | -21,015 | 8,581 | -896 | 6,572 | 8,052 |
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Balance sheet
NOK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total assets | 56,490 | 91,313 | 63,385 | 56,266 | 50,409 |
| Equity | 1,641 | 22,656 | 16,260 | 17,156 | 10,584 |
| Long-term debt | 0 | 13,280 | 3,911 | 7,114 | 10,785 |
| Short-term debt | 54,849 | 55,377 | 43,215 | 31,996 | 29,040 |
| Total debt | 54,849 | 68,657 | 47,125 | 39,111 | 39,825 |
Financial ratios
5-year trendEBITDA margin
-24.8 %
20212025
Equity ratio
2.9 %
Very weakAmong the 20% lowest rated companies in the industry
20212025
Return on equity
<−999 %
Very weakAmong the 10% lowest rated companies in the industry
20212025
Net profit margin
-21.9 %
Very weakAmong the 10% lowest rated companies in the industry
20212025
Asset turnover
1.70×
AverageAround the average of companies in the same industry
20212025
Debt / equity
33.43×
Very weakAmong the 10% 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 marginWeak
Among the 30% 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 weak
Among the 10% 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 marginVery weak
Among the 10% 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)Very weak
Among the 10% 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)Very weak
Among the 10% 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)Very weak
Among the 10% 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)Very weak
Among the 10% 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 30% 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 ratioWeak
Among the 30% 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 ratioWeak
Among the 30% 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 20% 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 capitalVery weak
Among the 10% 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 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 ratioVery weak
Among the 20% 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 10% 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 10% 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 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 20% lowest rated companies in the industry
The ability to pay the interest on the company's debt out of its earnings.
Interest rate on debtWeak
Among the 30% lowest rated companies in the industry
Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.
Interest marginVery weak
Among the 20% 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 turnoverStrong
Among the 40% highest 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 capitalVery weak
Among the 20% 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 equityVery weak
Among the 10% lowest rated companies in the industry
The size of this year's increase or decrease in the company's equity.
One-year change in debtStrong
Among the 30% highest 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 (1) | ||
RM Chief Executive Officer | Chief Executive Officer | 2014 |
Former (1)
MS Deputy Member | Deputy Member | 2020 – 2023 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (2) | ||
RM Chairman | Chairman | 2020 |
IB Board of Directors | Board of Directors | 2020 |
Former (2)
ON Board of Directors | Board of Directors | 2020 – 2024 |
ØH Board of Directors | Board of Directors | 2020 – 2024 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 100% | 100% | 2022 | |
| Company | 100% | 100% | 2020 |
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Related companies
Company hierarchy
Bratseth Holding As
Bratseth AS Board network connections
Board members of Bratseth AS also hold positions in 71 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Rune Midthaug | Chief Executive Officer | 31 companiesMany roles |
| Øyvind Hasselø Meisingset | Board of Directors | 29 companiesMany roles |
| Ottar Nasvik | Board of Directors | 4 companies |
| Ingar Bugge | Board of Directors | 4 companies |
| Mattias Sletnes | Deputy Member | 3 companies |
Frequently asked questions
What is the Org number of Bratseth AS?
Bratseth AS is registered with Brønnøysundsregistrene under Org 998489520.
What is the revenue of Bratseth AS?
Bratseth AS reported revenue of NOK 95.9m in 2025.
How many employees does Bratseth AS have?
Bratseth AS employs 34 people as of the latest annual report.
Who is the CEO of Bratseth AS?
Rune Midthaug is the CEO of Bratseth AS, in role since 2014.
Who is the chairman of Bratseth AS?
Rune Midthaug chairs the board of Bratseth AS, in role since 2020.
Where is Bratseth AS headquartered?
Bratseth AS's registered address is Industrivegen 92.