TECNO VVS AS
Score · fiscal year 2023
71of 100
How to read this: the company is ahead of 82 % of medium-sized companies in the same sector in 2023. What does this mean?
Rank: 4,995 of 28,987 · Bygg og anlegg
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2023, not a verdict on the company. Based on profitability 72 and solidity 70 out of 100 among medium-sized companies in the same sector in 2023. Methodology
Against the sector
TECNO VVS AS is 21 points above the median for medium-sized companies in the same sector in 2023.
Median score 50 among 950 companies.
Against medium-sized companies in the same sector in 2023: operating margin 5.8% (median 4.6%) and equity ratio 38.8% (median 28.9%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 110 MNOK | 178 MNOK |
| Operating margin | 5.8% | 4.6% |
| Profit margin | 9.7% | 4.6% |
| Return on assets | 19.9% | 10.2% |
| Equity ratio | 38.8% | 28.9% |
| Debt-to-equity | 1.58 | 2.38 |
| Current ratio | 1.53 | 1.33 |
| Revenue growth | – | 24.8% |
| Revenue per employee | 2.29 MNOK | 2.99 MNOK |
The median and “ahead of” refer to medium-sized companies in the same sector in 2023. The bar shows the share of companies the figure is ahead of.
With an index of 71, TECNO VVS AS does better than 82% of medium-sized companies in the same sector (950 companies) in 2023.
Score 2023–2025
- TECNO VVS AS
- Median: medium-sized companies in the same sector
What the numbers say
TECNO VVS AS had an operating margin of 5.8% and an equity ratio of 38.8% in 2023, and ranks 4,995 of 28,987 in Bygg og anlegg.
This text is generated automatically from the 2023 accounts.
Three simple methods
The methods give between 22 MNOK and 94 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 94 MNOK |
| EV/EBIT | 8.0 | 55 MNOK |
| P/B | 1.0 | 22 MNOK |
A mechanical estimate from public accounts, not advice. Mechanical estimate from public accounts with fixed multiples. Not a valuation and not advice to buy or sell. The multiples are provisional default values and must be adjusted per sector before the figures are used for anything. See the calculation
Worth a closer look
No rules were triggered for this year.
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 1.7% of the debt in 2023. The policy rate averaged 3.54 % the same year. This is a plain description of what the debt cost, not a model of interest sensitivity.
Data quality
No anomalies found in the figures.
Scenario analysis: the sector's weakest year
We have no accounts for 2022, the sector's weakest year, for this company.
The sector's weakest year was 2022, with a median operating margin of 2.4%. Based on the 10 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 72 | weight 30% |
|---|---|---|
| Solidity | 70 | weight 25% |
| Liquidity | 68 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 71 | weight 15% |
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is TECNO VVS AS?
The operating margin was 5.8% in 2023, against a median of 4.6% among medium-sized companies in the same sector. Return on assets was 19.9%.
How solid is TECNO VVS AS?
The equity ratio was 38.8% in 2023 (median 28.9%). Debt-to-equity was 1.58 (median 2.38).
What is the liquidity of TECNO VVS AS like?
The current ratio was 1.53 in 2023 (median 1.33).
How does TECNO VVS AS compare in Bygg og anlegg?
TECNO VVS AS ranks 4,995 of 28,987 in Bygg og anlegg for 2023. Among companies of the same size (medium-sized companies) it ranks 175 of 950.
Public contracts
- Contracts awarded since 2024
- 3
- Total awarded value since 2024
- 14.2 MNOK
- Framework agreements
- 1
- Left out of the total: the value is a ceiling, not actual spend.
| Date | Buyer | Notice | Value |
|---|---|---|---|
| 21 October 2026 | Kvam Herad | Varmesentral og brønnpark, Strandebarm skule og Tolo varmesentral - 2. gongs utlysing | 11.5 MNOK |
| 10 December 2025 | Tysnes Kommune | Ombygging varmeanlegg til ny luft-vatn varmepumpe | 2.7 MNOK |
| 1 December 2025 | Vestland fylkeskommune | Røyrleggjartenester | 17.0 MNOK (framework) |
| 11 October 2023 | Samnanger kommune | Rammeavtale håndverker- og entreprenørtjenester | 2.0 MNOK (framework) (11 lots) |
| 4 October 2023 | Ullensvang kommune | Ventilasjonstjenester, rammeavtale | 5.1 MNOK |
| 4 October 2023 | Ullensvang kommune | Rørleggertjenester, rammeavtale | 5.0 MNOK |
Based on notices in Doffin. Does not show call-offs under framework agreements or purchases below the publication threshold. Values are as stated by the buyer.
Source: Doffin (DFØ), fetched 27 October 2026. Winners are matched on organisation number.
Contains data under the Norwegian licence for public data (NLOD 2.0) made available by Doffin/the Norwegian Agency for Public and Financial Management (DFØ). NLOD 2.0
From the Central Coordinating Register
- Org. no.
- 913916204
- Legal form
- AS
- Sector
- Bygg og anlegg (43.221)
- Size tier
- medium
- Employees
- 48 registered 10 October 2026
- Founded
- 5 June 2014 12 years in operation
- Share capital
- 0.10 MNOK
- Business address
- Gamle Dalavegen 84, 5600 NORHEIMSUND (KVAM)
- Municipality
- Kvam rank 8–22 of 33 in KOSTRA group 5
- Latest accounts filed
- 2025
- Website
- www.tecno.no
Source: Central Coordinating Register, Brønnøysund Register Centre. The employee count is reported by the company and may be older than the accounts. See the company at the Brønnøysund Register Centre
Ownership and roles
- Chief executive
- Frode Kaldestad
- Chair of the board
- Johannes Djuvsland Neteland
- Board member
- Geir Neteland
- Auditor
- HORDALAND REVISJON AS
- Accountant
- MEIRE VVS REGNSKAP AS
Source: Central Coordinating Register, fetched 29 October 2026. Only names are shown.
Owners and shareholdings will appear here once the shareholder data extract is in place.
Coming · not built yet
Error in the data?
Do you see an error in the figures or in how the company is mapped (sector, holding, group)? Let us know. Corrections require documentation.
Figures last fetched 26 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 71 | 34 | 54 | |
| Rank | 4,995 | 23,684 | 13,436 | |
| Operating margin | 5.8% | −4.8% | 0.0% | |
| Return on assets | 19.9% | −4.0% | 10.1% | |
| Equity ratio | 38.8% | 34.0% | 40.6% | |
| Current ratio | 1.53 | 1.46 | 1.72 | |
| Revenue growth | – | −6.6% | 20.3% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 110.1 MNOK | 102.8 MNOK | 123.7 MNOK |
| Operating profit | 6.4 MNOK | −4.9 MNOK | −0.1 MNOK |
| Profit before tax | 10.7 MNOK | −3.1 MNOK | 4.4 MNOK |
| Net profit | 9.4 MNOK | −2.0 MNOK | 4.4 MNOK |
| Financial expenses | 0.6 MNOK | 0.7 MNOK | 1.0 MNOK |
| Total assets | 56.7 MNOK | 58.8 MNOK | 52.8 MNOK |
| Current assets | 39.2 MNOK | 41.7 MNOK | 36.3 MNOK |
| Equity | 22.0 MNOK | 20.0 MNOK | 21.4 MNOK |
| Retained earnings | 16.5 MNOK | 14.5 MNOK | 15.9 MNOK |
| Total liabilities | 34.7 MNOK | 38.8 MNOK | 31.4 MNOK |
| Current liabilities | 25.6 MNOK | 28.6 MNOK | 21.1 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 5132937.
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