AB Tertius

ABActive

Org 5566538657Nygränd 2, 111 30 StockholmAll other professional, scientific and technical activities n.e.c.· NACE 7499Est. 2004 · 22 years old0 employees

Overview

AB Tertius is a Swedish AB based in Stockholm, operating in the All other professional, scientific and technical activities n.e.c. sector. Incorporated in 2004, the company has 0 employees and reported revenue of SEK 197.0k in its latest annual filing.

Revenue 2025

0.2M SEK

+392% vs 2024

EBITDA margin

81.0 %

+493% vs 2024

Net profit 2025

0.1M SEK

+370% vs 2024

Key ratios

See full ratios →

16.5 %

Very weak

Among the 20% lowest rated companies in the industry

20212025

5.9×

Strong

Among the 30% highest rated companies in the industry

20212025

7.5 %

Average

Around the average of companies in the same industry

20212025

EBITDA — year on year

SEK thousands

Key figures

Annual report 2025

Revenue	0.2M SEK	+392%
EBITDA	0.2M SEK	+493%
Net profit	0.1M SEK	+370%
Total assets	1.7M SEK	+10%
Equity	0.3M SEK	+84%
Employees	0	—

Financial development

In its most recent annual report (2025), AB Tertius reported revenue of SEK 197.0k, an increase of 392% 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 SEK 129.0k, and the EBITDA margin stood at 81%.

At the end of 2025, equity financed 16.5% of the balance sheet, and current assets covered short-term debt 5.9 times.

Financials

Revenue

SEK thousands

EBITDA

SEK thousands

Income statement

SEK thousands

Item	2025	2024	2023	2022	2021
Revenue	197	40	0	0	19
Staff expenses	—	—	—	—	—
EBITDA	160	27	-18	-11	-7
Depreciation & amort.	—	—	—	—	-0
EBIT	160	27	-18	-11	-7
Net financials	-0	1	4	-0	—
Profit before tax	159	27	-14	-12	-7
Tax	-30	—	—	—	-0
Net profit	129	27	-14	-12	-7

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Balance sheet

SEK thousands

Item	2025	2024	2023	2022	2021
Total assets	1,722	1,559	1,517	1,538	1,550
Equity	283	154	127	141	153
Long-term debt	1,148	1,148	1,148	1,148	1,149
Short-term debt	290	256	241	249	248
Total debt	1,439	1,405	1,390	1,397	1,397

Financial ratios

5-year trend

EBITDA margin

81.0 %

20212025

Equity ratio

16.5 %

Very weak

Among the 20% lowest rated companies in the industry

20212025

Return on equity

45.5 %

Strong

Among the 30% highest rated companies in the industry

20212025

Net profit margin

65.5 %

Very strong

Among the 20% highest rated companies in the industry

20212025

Asset turnover

0.11×

Weak

Among the 40% lowest rated companies in the industry

20212025

Debt / equity

5.08×

Very weak

Among the 10% lowest rated companies in the industry

20212025

Sector performance

25 of 28 ratios graded

28 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 marginVery strong

Among the 10% 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)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)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)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)Average

Around the average of companies in the same 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 ratioStrong

Among the 30% 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.

Cash ratioStrong

Among the 30% 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 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.

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.

Quick ratioNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

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.

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 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 ratioVery weak

Among the 10% 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 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 debtAverage

Around the average of companies in the same industry

EBITDA relative to debt — how much operating earnings are available to service the debt.

Interest coverageStrong

Among the 40% 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 40% 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.

Efficiency & development

Asset turnoverWeak

Among the 40% lowest 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 30% 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 strong

Among the 20% highest rated companies in the 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 2025
Filed via Bolagsverket / SCB · Period 2025-01-01 – 2025-12-31
View PDF
Annual report 2024
Filed via Bolagsverket / SCB · Period 2024-01-01 – 2024-12-31
View PDF
Annual report 2023
Filed via Bolagsverket / SCB · Period 2023-01-01 – 2023-12-31
View PDF
Annual report 2022
Filed via Bolagsverket / SCB · Period 2022-01-01 – 2022-12-31
View PDF
Annual report 2021
Filed via Bolagsverket / SCB · Period 2021-01-01 – 2021-12-31

People & ownership

Management

Actively employed in the business

Name	Role	Member since
Current (1)
TR Tor Ragnar Tell Lund Chief Executive Officer	Chief Executive Officer	2021

Board of directors

Non-executive oversight

Name	Role	Member since
Current (2)
DS Disa S A A M Sandberg Deputy Board Member	Deputy Board Member	2022
TR Tor Ragnar Tell Lund Board of Directors	Board of Directors	2021

Former (1)


KS Kurth Stephan Jörgne Deputy Board Member	Deputy Board Member	2021 – 2022

Shareholders

Active legal owners

No shareholder data available.

One in three Danish companies experiences fraud

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Related companies

Company hierarchy

No registered parent or subsidiaries

Board network connections

Board members of AB Tertius also hold positions in 10 other companies.

Person	Role here	Other companies
Kurth Stephan Jörgne	Deputy Board Member	5 companies
Tor Ragnar Tell Lund	Chief Executive Officer	3 companies
Disa S A A M Sandberg	Deputy Board Member	2 companies

Frequently asked questions

What is the Org number of AB Tertius?

AB Tertius is registered with Bolagsverket / SCB under Org 5566538657.

What is the revenue of AB Tertius?

AB Tertius reported revenue of SEK 197.0k in 2025.

Who is the CEO of AB Tertius?

Tor Ragnar Tell Lund is the CEO of AB Tertius, in role since 2021.

Where is AB Tertius headquartered?

AB Tertius's registered address is Nygränd 2.