ELTEAM AS
Score · fiscal year 2025
68of 100
How to read this: the company is ahead of 87 % of medium-sized companies in the same sector in 2025. What does this mean?
Rank: 5,196 of 32,582 · Bygg og anlegg
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 81 and solidity 67 out of 100 among medium-sized companies in the same sector in 2025. Methodology
Against the sector
ELTEAM AS is 18 points above the median for medium-sized companies in the same sector in 2025.
Median score 50 among 1,024 companies.
Against medium-sized companies in the same sector in 2025: operating margin 11.9% (median 4.6%) and equity ratio 39.8% (median 31.2%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 181 MNOK | 176 MNOK |
| Operating margin | 11.9% | 4.6% |
| Profit margin | 12.6% | 4.6% |
| Return on assets | 18.0% | 10.7% |
| Equity ratio | 39.8% | 31.2% |
| Debt-to-equity | 1.52 | 2.19 |
| Current ratio | 1.87 | 1.36 |
| Revenue growth | −5.3% | 6.6% |
| Revenue per employee | 1.63 MNOK | 3.09 MNOK |
The median and “ahead of” refer to medium-sized companies in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 68, ELTEAM AS does better than 87% of medium-sized companies in the same sector (1,030 companies) in 2025.
Score 2023–2025
- ELTEAM AS
- Median: medium-sized companies in the same sector
ELTEAM AS has a score of 68 for 2025, rank 5,196 of 32,582 in the sector.
Strongest: Profitability: percentile 81 against peers, operating margin 11.9% against a median of 4.6%. Liquidity: percentile 80 against peers, current ratio 1.87 against a median of 1.36.
Weakest: Growth: percentile 29 against peers, revenue growth −5.3% against a median of 6.6%.
Worth a closer look
- What lies behind weak growth, and will it last?
Written by fixed rules from the figures. Describes the figures, does not explain causes. Not investment or financial advice. How the summary is made
What the numbers say
ELTEAM AS had an operating margin of 11.9% and an equity ratio of 39.8% in 2025, and ranks 5,196 of 32,582 in Bygg og anlegg.
From 2024 to 2025: the equity ratio rose from 18.2% to 39.8% and the operating margin fell from 14.4% to 11.9%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 51 MNOK and 178 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 178 MNOK |
| EV/EBIT | 8.0 | 165 MNOK |
| P/B | 1.0 | 51 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 0.5% of the debt in 2025. The policy rate averaged 4.30 % 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 2.5%. 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 | 81 | weight 30% |
|---|---|---|
| Solidity | 67 | weight 25% |
| Liquidity | 80 | weight 15% |
| Growth | 29 | weight 15% |
| Consistency | 72 | weight 15% |
Durability: 58 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is ELTEAM AS?
The operating margin was 11.9% in 2025, against a median of 4.6% among medium-sized companies in the same sector. Return on assets was 18.0%.
How solid is ELTEAM AS?
The equity ratio was 39.8% in 2025 (median 31.2%). Debt-to-equity was 1.52 (median 2.19).
What is the liquidity of ELTEAM AS like?
The current ratio was 1.87 in 2025 (median 1.36).
How does ELTEAM AS compare in Bygg og anlegg?
ELTEAM AS ranks 5,196 of 32,582 in Bygg og anlegg for 2025. Among companies of the same size (medium-sized companies) it ranks 136 of 1,030. Revenue changed by −5.3% from the year before.
From the Central Coordinating Register
- Org. no.
- 980332551
- Legal form
- AS
- Sector
- Bygg og anlegg (43.210)
- Size tier
- medium
- Employees
- 111 registered 10 October 2026
- Founded
- 23 November 1998 27 years in operation
- Share capital
- 0.26 MNOK
- Business address
- Leangenvegen 7, 7044 TRONDHEIM
- Municipality
- Trondheim rank 3–7 of 11 in KOSTRA group 12
- Latest accounts filed
- 2025
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
- Stig Tøndervik
- Chair of the board
- Lars Ole Hageskal
- Board member
- Marcus Virik
- Deputy member
- Trym Berggren Bakken
- Auditor
- ERNST & YOUNG AS
- Accountant
- ECIT INTUNOR 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 28 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 51 | 55 | 68 | |
| Rank | 14,057 | 12,453 | 5,196 | |
| Operating margin | 10.9% | 14.4% | 11.9% | |
| Return on assets | 17.9% | 30.6% | 18.0% | |
| Equity ratio | 20.4% | 18.2% | 39.8% | |
| Current ratio | 1.21 | 1.19 | 1.87 | |
| Revenue growth | – | 21.5% | −5.3% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 157.6 MNOK | 191.4 MNOK | 181.3 MNOK |
| Operating profit | 17.2 MNOK | 27.5 MNOK | 21.6 MNOK |
| Profit before tax | 18.1 MNOK | 29.4 MNOK | 22.9 MNOK |
| Net profit | 14.1 MNOK | 22.9 MNOK | 17.8 MNOK |
| Financial expenses | 0.2 MNOK | 0.1 MNOK | 0.4 MNOK |
| Total assets | 102.8 MNOK | 96.4 MNOK | 129.4 MNOK |
| Current assets | 97.9 MNOK | 92.6 MNOK | 126.3 MNOK |
| Equity | 20.9 MNOK | 17.6 MNOK | 51.4 MNOK |
| Retained earnings | 20.7 MNOK | 17.3 MNOK | 35.2 MNOK |
| Total liabilities | 81.8 MNOK | 78.8 MNOK | 78.0 MNOK |
| Current liabilities | 80.7 MNOK | 77.7 MNOK | 67.5 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 28 October 2026, accounts id 6833338.
Further
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