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Norse Cutting AS
AS
Active
Org 915701868
Skvadronvegen 25, 4050
Sola
Machining of metals
·
NACE 2553
Est. 2015 · 10 years old
44 employees
www.norse-cutting.com
Monitor
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Norway
/
Companies
/
Machining of metals
/
Norse Cutting AS
Overview
Financials
People & ownership
Related companies
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Financials
Revenue
NOK millions
171M
128M
85M
43M
0M
2020: 35M
35M
2020
2021: 62M (+77% vs 2020)
62M
+77%
2021
2022: 64M (+3% vs 2021)
64M
+3%
2022
2023: 104M (+63% vs 2022)
104M
+63%
2023
2024: 137M (+32% vs 2023)
137M
+32%
2024
EBITDA
NOK millions
30M
22M
15M
7M
0M
2020: 1M
1M
2020
2021: 6M (+500% vs 2020)
6M
+500%
2021
2022: 7M (+17% vs 2021)
7M
+17%
2022
2023: 17M (+143% vs 2022)
17M
+143%
2023
2024: 24M (+41% vs 2023)
24M
+41%
2024
Income statement
NOK thousands
Item
2024
2023
2022
2021
2020
Revenue
137 220
103 530
63 842
61 931
35 362
Staff expenses
−66 160
−51 185
−33 221
−31 901
−20 054
EBITDA
24 391
16 897
6 520
6 110
1 170
Depreciation & amort.
−3 533
−2 549
−1 770
−1 344
−1 121
EBIT
20 858
14 348
4 749
4 766
49
Net financials
93
−422
−159
35
−330
Profit before tax
20 950
13 926
4 591
4 801
−281
Tax
4 614
2 748
899
441
−389
Net profit
16 336
11 178
3 692
4 360
108
Balance sheet
NOK thousands
Item
2024
2023
2022
2021
2020
Total assets
64 003
50 198
43 077
27 813
20 069
Equity
25 226
18 690
14 211
12 819
11 795
Long-term debt
385
708
227
274
157
Short-term debt
38 393
30 800
28 639
14 720
8 116
Total debt
38 778
31 508
28 866
14 994
8 273
Financial ratios
5-year trend
EBITDA margin
17,8 %
This company
15,8 %
Market median
This company
Market median
13% above market
2020
2024
Equity ratio
39,4 %
This company
38,2 %
Market median
This company
Market median
3% above market
2020
2024
Return on equity
64,8 %
This company
18,4 %
Market median
This company
Market median
252% above market
2020
2024
Net profit margin
11,9 %
This company
8,1 %
Market median
This company
Market median
47% above market
2020
2024
Asset turnover
2,14×
This company
1,12×
Market median
This company
Market median
91% above market
2020
2024
Debt / equity
1,54×
This company
0,62×
Market median
This company
Market median
148% above market
2020
2024
Annual reports & filings
Annual report 2024
Filed via Brønnøysundsregistrene · Period 2024-01-01 – 2024-12-31
View
PDF
Annual report 2023
Filed via Brønnøysundsregistrene · Period 2023-01-01 – 2023-12-31
View
PDF
Annual report 2022
Filed via Brønnøysundsregistrene · Period 2022-01-01 – 2022-12-31
View
PDF
Annual report 2021
Filed via Brønnøysundsregistrene · Period 2021-01-01 – 2021-12-31
View
PDF
Annual report 2020
Filed via Brønnøysundsregistrene · Period 2020-01-01 – 2020-12-31
View
PDF
More on Norse Cutting AS
Overview →
Headline figures, risk assessment and company summary
People & ownership →
Management, board and shareholder breakdown
Related companies →
Corporate hierarchy, parent and subsidiary network
