ELTEL NETWORKS AS
Score · fiscal year 2025
12of 100
How to read this: the company is ahead of 3 % of large companies in the same sector in 2025. What does this mean?
Rank: 30,880 of 32,580 · Bygg og anlegg
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 4 and solidity 11 out of 100 among large companies in the same sector in 2025. Methodology
Against the sector
ELTEL NETWORKS AS is 40 points below the median for large companies in the same sector in 2025.
Median score 52 among 86 companies.
Against large companies in the same sector in 2025: operating margin −4.4% (median 3.4%) and equity ratio 11.1% (median 26.2%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 1,172 MNOK | 1,770 MNOK |
| Operating margin | −4.4% | 3.4% |
| Profit margin | −5.4% | 3.8% |
| Return on assets | −15.8% | 7.6% |
| Equity ratio | 11.1% | 26.2% |
| Debt-to-equity | 7.97 | 2.81 |
| Current ratio | 1.07 | 1.22 |
| Revenue growth | −12.4% | 2.4% |
| Revenue per employee | 2.25 MNOK | 5.10 MNOK |
The median and “ahead of” refer to large companies in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 12, ELTEL NETWORKS AS does better than 3% of large companies in the same sector (89 companies) in 2025.
Score 2023–2025
- ELTEL NETWORKS AS
- Median: large companies in the same sector
ELTEL NETWORKS AS has a score of 12 for 2025, rank 30,880 of 32,580 in the sector.
Strongest: Liquidity: percentile 26 against peers, current ratio 1.07 against a median of 1.22.
Weakest: Profitability: percentile 4 against peers, operating margin −4.4% against a median of 3.4%. Solidity: percentile 11 against peers, equity ratio 11.1% against a median of 26.2%.
Worth a closer look
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin −5.4% (median 3.8%).
- The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors? Based on: operating margin −4.4% (median 3.4%).
- What lies behind weak profitability, and will it last?
- What lies behind weak solidity, 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
ELTEL NETWORKS AS had an operating margin of −4.4% and an equity ratio of 11.1% in 2025, and ranks 30,880 of 32,580 in Bygg og anlegg.
From 2024 to 2025: the operating margin rose from −9.5% to −4.4% and the equity ratio rose from 3.8% to 11.1%.
This text is generated automatically from the 2025 accounts.
Three simple methods
One method gives a figure: 35 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 35 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
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −5.4% (median 3.8%).
- watch
The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors?
Based on: Operating margin −4.4% (median 3.4%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 4.9% 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 2.4%. 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 | 4 | weight 30% |
|---|---|---|
| Solidity | 11 | weight 25% |
| Liquidity | 26 | weight 15% |
| Growth | 13 | weight 15% |
| Consistency | 16 | weight 15% |
Durability: 17 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is ELTEL NETWORKS AS?
The operating margin was −4.4% in 2025, against a median of 3.4% among large companies in the same sector. Return on assets was −15.8%. The company made a loss before tax.
How solid is ELTEL NETWORKS AS?
The equity ratio was 11.1% in 2025 (median 26.2%). Debt-to-equity was 7.97 (median 2.81).
What is the liquidity of ELTEL NETWORKS AS like?
The current ratio was 1.07 in 2025 (median 1.22).
How does ELTEL NETWORKS AS compare in Bygg og anlegg?
ELTEL NETWORKS AS ranks 30,880 of 32,580 in Bygg og anlegg for 2025. Among companies of the same size (large companies) it ranks 86 of 89. Revenue changed by −12.4% from the year before.
Public contracts
- Contracts awarded since 2024
- 3
- Total awarded value since 2024
- value not stated
- 1 contracts without a stated value are not in the total.
- Framework agreements
- 2
- Left out of the total: the value is a ceiling, not actual spend.
| Date | Buyer | Notice | Value |
|---|---|---|---|
| 23 October 2026 | AVINOR AS | Avinor AS - T - 192844 - Anskaffelse - Rammeavtale for vedlikehold av radomer og stålmaster | value not stated |
| 16 April 2026 | Ålesund kommune | Anskaffelse - Fiber, 2025 | 8.0 MNOK (framework) |
| 5 January 2026 | Bane NOR SF | Rammeavtale på el- og telemontør | 12.2 MNOK (framework) |
| 22 August 2018 | Bane NOR SF | Etablere fiberkabel langs Rauma- og Dovrebanen | value not stated |
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 30 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.
- 912955915
- Legal form
- AS
- Sector
- Bygg og anlegg (42.222)
- Size tier
- large
- Employees
- 521 registered 10 October 2026
- Founded
- 19 January 1933 93 years in operation
- Share capital
- 18.69 MNOK
- Business address
- Haavard Martinsens vei 30, 0978 OSLO
- Municipality
- Oslo rank 63–221 of 357 in Norway
- Latest accounts filed
- 2025
- Website
- www.eltelnetworks.no
- LEI
- 549300UY5E154K2YIA30 not renewed (lapsed)
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
- Ingrid Therese Tjøsvold
- Chair of the board
- Jan Håkan Martin Dahlström
- Board member
- Lasse Meier Strand
- Board member
- Malin Mogstad
- Board member
- Arild-Oskar Rekdal
- Board member
- Caroline Anna Sofie Lindgren
- Board member
- Satu Anne-Mari Luusua
- Deputy member
- Robin Andersen
- Deputy member
- Tom Petter Eriksen
- Deputy member
- Lise Adriansen
- Auditor
- KPMG 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 | 31 | 7 | 12 | |
| Rank | 22,135 | 30,340 | 30,880 | |
| Operating margin | −4.4% | −9.5% | −4.4% | |
| Return on assets | −14.5% | −36.6% | −15.8% | |
| Equity ratio | 27.7% | 3.8% | 11.1% | |
| Current ratio | 1.20 | 0.96 | 1.07 | |
| Revenue growth | – | −10.2% | −12.4% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 1,490.3 MNOK | 1,337.6 MNOK | 1,171.9 MNOK |
| Operating profit | −66.3 MNOK | −127.7 MNOK | −51.4 MNOK |
| Profit before tax | −74.7 MNOK | −137.2 MNOK | −63.0 MNOK |
| Net profit | −58.0 MNOK | −153.8 MNOK | −63.0 MNOK |
| Financial expenses | 13.7 MNOK | 13.8 MNOK | 13.6 MNOK |
| Total assets | 421.4 MNOK | 337.5 MNOK | 313.6 MNOK |
| Current assets | 366.4 MNOK | 311.3 MNOK | 297.0 MNOK |
| Equity | 116.8 MNOK | 13.0 MNOK | 35.0 MNOK |
| Retained earnings | −1.9 MNOK | −155.7 MNOK | 0.0 MNOK |
| Total liabilities | 304.7 MNOK | 324.5 MNOK | 278.6 MNOK |
| Current liabilities | 304.7 MNOK | 324.5 MNOK | 278.6 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 6503307.
Further
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