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COMMERCE GROUP AS
AS
Active
Org 927550881
Gamle Hobølvei 11, 1550 Hølen
Computer programming activities · NACE 6210
Est. 2021
0 employees
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Overview
Financials
People & ownership
Related companies
Revenue 2025
NOK 706K
+745% vs 2024
EBITDA margin
21.2%
+742% vs 2024
Equity ratio
24.0%
Financial strength
Net profit 2025
NOK 102K
+406% vs 2024
EBITDA — year on year
NOK millions
0M
0M
1M
1M
1M
0M
2021
0M
0%
2022
0M
0%
2023
0M
0%
2024
0M
0%
2025
Key figures
Annual report 2025
Revenue
NOK 706K
+745%
EBITDA
NOK 150K
+742%
Net profit
NOK 102K
+406%
Total assets
NOK 499K
+316%
Equity
NOK 120K
+578%
Employees
0
—
Company information
Legal name
COMMERCE GROUP AS
Org number
927550881
Legal form
Aksjeselskap
NACE code
6210 · Computer programming activities
Founded
4. september 2021
Share capital
NOK 30 000
Employees
0
VAT registered
Yes
Audit selected
No
Last report
2025-12-31
Financial year
January – December
Signatory rights
Styrets medlemmer hver for seg, styrets leder alene eller daglig leder alene.
Company purpose
Utvikle og drifte netthandelsløsninger.
Contact
Address
Gamle Hobølvei 11, 1550 Hølen
Risika for professionals
Risika provides regulated workflow tools for finance, procurement and compliance teams that need monitoring, alerts and an API.
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Companies in Computer programming activities
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Revenue
NOK millions
0M
0M
1M
1M
1M
0M
2021
0M
2022
0M
2023
0M
2024
1M
2025
EBITDA
NOK millions
0M
0M
1M
1M
1M
0M
2021
0M
2022
0M
2023
0M
2024
0M
2025
Income statement
NOK thousands
Item
2021
2022
2023
2024
2025
Revenue
0
0
21
84
706
Staff expenses
−0
−0
−0
−0
−10
EBITDA
−0
0
37
−23
150
Depreciation & amort.
−0
−0
−2
−9
−32
EBIT
−0
0
35
−32
118
Net financials
0
0
−0
−1
4
Profit before tax
−0
0
35
−33
122
Tax
−0
−0
6
0
20
Net profit
−0
0
28
−33
102
Balance sheet
NOK thousands
Item
2021
2022
2023
2024
2025
Total assets
30
30
124
120
499
Equity
24
24
51
18
120
Long-term debt
6
6
67
72
252
Short-term debt
0
0
6
31
127
Total debt
6
6
73
102
379
Financial ratios
5-year trend
EBITDA margin
21.2%
This company
15.8%
Market median
+34% vs market
2021
2025
Equity ratio
24.0%
This company
38.2%
Market median
-37% vs market
2021
2025
Return on equity
85.3%
This company
18.4%
Market median
+364% vs market
2021
2025
Net profit margin
14.5%
This company
8.1%
Market median
+79% vs market
2021
2025
Asset turnover
1.41×
This company
1.12×
Market median
+26% vs market
2021
2025
Debt / equity
3.16×
This company
0.62×
Market median
-410% vs market
2021
2025
Annual reports & filings
Annual report 2025
Filed via Brønnøysundsregistrene · Period 2025-01-01 – 2025-12-31
View
PDF
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
Management
Actively employed in the business
Name
Role
Member since
Age
Other directorships
ME
Malin Ellingsen
Chief Executive Officer
Chief Executive Officer
2022
—
—
Board of directors
Non-executive oversight
Name
Role
Member since
Age
Other directorships
MN
Martin Nøhr
Board of Directors
2025
—
—
CL
Cathrine Lippert
Board of Directors
2022
—
—
EL
Espen Lippert
Chairman
2022
—
—
Shareholders
As of last annual report
Shareholder
Type
Ownership
Votes
Since
Lippert As
Company
100.0%
100.0%
2022
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Company hierarchy
Lippert As
COMMERCE GROUP AS
(this company)
Board network connections
Board members of COMMERCE GROUP AS also hold positions in
0
other companies.
Person
Role here
Other companies
Malin Ellingsen
Chief Executive Officer
0 companies
Martin Nøhr
Board of Directors
0 companies
Cathrine Lippert
Board of Directors
0 companies
Espen Lippert
Chairman
0 companies