Riskpilot← Back to searchSign inGet full accessNORSE CUTTING AS
ASActiveOrg 915701868Skvadronvegen 25, 4050 SolaMachining of metals · NACE 2553Est. 201552 employeeswww.norse-cutting.com
Revenue 2024
NOK 137,2M
+33% vs 2023
EBITDA margin
17.8%
+44% vs 2023
Equity ratio
39.4%
Financial strength
Net profit 2024
NOK 16,3M
+46% vs 2023
| Revenue | NOK 137,2M | +33% |
| EBITDA | NOK 24,4M | +44% |
| Net profit | NOK 16,3M | +46% |
| Total assets | NOK 64M | +28% |
| Equity | NOK 25,2M | +35% |
| Employees | 52 | — |
Legal name
NORSE CUTTING AS
Org number
915701868
Legal form
Aksjeselskap
NACE code
2553 · Machining of metals
Founded
10. august 2015
Share capital
NOK 910 400
Employees
52 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Company purpose
Mobil maskinering/kutting og annen servicearbeid samt alt hva som dermed står i naturlig forbindelse.
Address
Skvadronvegen 25, 4050 Sola
Phone
+4761699500
Email
post@norse-cutting.no
Website
www.norse-cutting.com
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| Item | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | 35 362 | 61 931 | 63 842 | 103 530 | 137 220 |
| Staff expenses | −20 054 | −31 901 | −33 221 | −51 185 | −66 160 |
| EBITDA | 1 170 | 6 110 | 6 520 | 16 897 | 24 391 |
| Depreciation & amort. | −1 121 | −1 344 | −1 770 | −2 549 | −3 533 |
| EBIT | 49 | 4 766 | 4 749 | 14 348 | 20 858 |
| Net financials | −330 | 35 | −159 | −422 | 93 |
| Profit before tax | −281 | 4 801 | 4 591 | 13 926 | 20 950 |
| Tax | −389 | 441 | 899 | 2 748 | 4 614 |
| Net profit | 108 | 4 360 | 3 692 | 11 178 | 16 336 |
| Item | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Total assets | 20 069 | 27 813 | 43 077 | 50 198 | 64 003 |
| Equity | 11 795 | 12 819 | 14 211 | 18 690 | 25 226 |
| Long-term debt | 157 | 274 | 227 | 708 | 385 |
| Short-term debt | 8 116 | 14 720 | 28 639 | 30 800 | 38 393 |
| Total debt | 8 273 | 14 994 | 28 866 | 31 508 | 38 778 |
EBITDA margin
17.8%
This company
15.8%
Market median
+13% vs market
20202024
Equity ratio
39.4%
This company
38.2%
Market median
+3% vs market
20202024
Return on equity
64.8%
This company
18.4%
Market median
+252% vs market
20202024
Net profit margin
11.9%
This company
8.1%
Market median
+47% vs market
20202024
Asset turnover
2.14×
This company
1.12×
Market median
+91% vs market
20202024
Debt / equity
1.54×
This company
0.62×
Market median
-148% vs market
20202024
- 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
- Annual report 2020Filed via Brønnøysundsregistrene · Period 2020-01-01 – 2020-12-31
| Name | Role | Member since |
|---|---|---|
| Current (1) | ||
TH Chief Executive Officer | Chief Executive Officer | 2016 |
| Name | Role | Member since |
|---|---|---|
| Current (2) | ||
| Chairman | 2016 | |
| Board of Directors | 2016 | |
| Former (1) | ||
| Board of Directors | 2016 – 2025 | |
| Shareholder | Type | Ownership | Votes | Since |
|---|---|---|---|---|
| Company | 35.15% | 35.15% | 2024 | |
| Company | 35.15% | 35.15% | 2024 | |
| Individual | 23.07% | 23.07% | 2024 | |
| Individual | 2.77% | 2.77% | 2024 | |
| Individual | 2.77% | 2.77% | 2024 | |
| Individual | 1.1% | 1.1% | 2024 |
Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive. Learn more.
No registered parent or subsidiaries
Board members of NORSE CUTTING AS also hold positions in 0 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Tor Hallgeir Johannessen | Chief Executive Officer | 0 companies |
| Stein Hogstad | Chairman | 0 companies |
| Kenneth Erga | Board of Directors | 0 companies |
| Cato Erga | Board of Directors | 0 companies |