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CUTCO AS
AS
Active
Org 928075141
Kråkholmvegen 20, 6460 Eidsvåg I Romsdal
Industrial product and fashion design activities · NACE 7411
Est. 2021
0 employees
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Full Risika report
Overview
Financials
People & ownership
Related companies
Revenue 2024
NOK 257K
+1371% vs 2023
EBITDA margin
33.9%
+268% vs 2023
Equity ratio
59.6%
Financial strength
Net profit 2024
NOK 82K
+249% vs 2023
EBITDA — year on year
NOK millions
0M
0M
1M
1M
1M
0M
2021
0M
0%
2022
0M
0%
2023
0M
0%
2024
Key figures
Annual report 2024
Revenue
NOK 257K
+1371%
EBITDA
NOK 87K
+268%
Net profit
NOK 82K
+249%
Total assets
NOK 196K
+400%
Equity
NOK 117K
+231%
Employees
0
—
Company information
Legal name
CUTCO AS
Org number
928075141
Legal form
Aksjeselskap
NACE code
7411 · Industrial product and fashion design activities
Founded
1. desember 2021
Share capital
NOK 150 000
Employees
0
VAT registered
Yes
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Signatory rights
To styremedlemmer i fellesskap.
Company purpose
Design og utvikling av utstyr til industri
Contact
Address
Kråkholmvegen 20, 6460 Eidsvåg I Romsdal
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Companies in Industrial product and fashion design activities
Companies in Molde
All Norway companies
Revenue
NOK millions
0M
0M
1M
1M
1M
0M
2021
0M
2022
0M
2023
0M
2024
EBITDA
NOK millions
0M
0M
1M
1M
1M
0M
2021
0M
2022
0M
2023
0M
2024
Income statement
NOK thousands
Item
2021
2022
2023
2024
Revenue
0
476
18
257
Staff expenses
−0
−0
−0
−0
EBITDA
0
−5
−52
87
Depreciation & amort.
−0
−0
−0
−0
EBIT
0
−5
−52
87
Net financials
0
1
−3
−1
Profit before tax
0
−4
−55
87
Tax
−0
−0
−0
5
Net profit
0
−4
−55
82
Balance sheet
NOK thousands
Item
2021
2022
2023
2024
Total assets
150
159
39
196
Equity
144
140
35
117
Long-term debt
0
0
0
4
Short-term debt
6
19
4
76
Total debt
6
19
4
79
Financial ratios
5-year trend
EBITDA margin
33.9%
This company
15.8%
Market median
+115% vs market
2021
2024
Equity ratio
59.6%
This company
38.2%
Market median
+56% vs market
2021
2024
Return on equity
69.8%
This company
18.4%
Market median
+279% vs market
2021
2024
Net profit margin
31.7%
This company
8.1%
Market median
+291% vs market
2021
2024
Asset turnover
1.31×
This company
1.12×
Market median
+17% vs market
2021
2024
Debt / equity
0.68×
This company
0.62×
Market median
+10% vs market
2021
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 2021-11-01 – 2021-12-31
View
PDF
Management
Actively employed in the business
Name
Role
Member since
Age
Other directorships
LE
Lars Erik Aarstad
Chief Executive Officer
Chief Executive Officer
2025
—
—
GØ
Gunnar Øverås
Chief Executive Officer
Chief Executive Officer
2021
—
—
Board of directors
Non-executive oversight
Name
Role
Member since
Age
Other directorships
BS
Bjørn Steinar Brubæk
Chairman
2024
—
—
GO
Geir Olav Aarstad
Board of Directors
2021
—
—
JS
Jørn Storholt
Board of Directors
2021
—
—
Shareholders
As of last annual report
Shareholder
Type
Ownership
Votes
Since
Cutco As
Company
33.3%
33.3%
2024
Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive.
Learn more
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Company hierarchy
No registered parent or subsidiaries
Board network connections
Board members of CUTCO AS also hold positions in
0
other companies.
Person
Role here
Other companies
Lars Erik Aarstad
Chief Executive Officer
0 companies
Gunnar Øverås
Chief Executive Officer
0 companies
Bjørn Steinar Brubæk
Chairman
0 companies
Geir Olav Aarstad
Board of Directors
0 companies
Jørn Storholt
Board of Directors
0 companies