Loading company…
Riskpilot
← Back to search
Sign in
Get full access
CUTBEND AS
AS
Active
Org 928855724
Brannstasjonsveien 20, 4312 Sandnes
Manufacture of locks and hinges · NACE 2562
Est. 2022
1 employees
Watchlist
Share
Download PDF
Full Risika report
Overview
Financials
People & ownership
Related companies
Revenue 2023
NOK 8,5M
+497% vs 2022
EBITDA margin
22.4%
+574% vs 2022
Equity ratio
58.9%
Financial strength
Net profit 2023
NOK 1,3M
+1900% vs 2022
EBITDA — year on year
NOK millions
0M
1M
1M
2M
3M
0M
2022
2M
+200%
2023
Key figures
Annual report 2023
Revenue
NOK 8,5M
+497%
EBITDA
NOK 1,9M
+574%
Net profit
NOK 1,3M
+1900%
Total assets
NOK 3,2M
+58%
Equity
NOK 1,9M
+231%
Employees
1
—
Company information
Legal name
CUTBEND AS
Org number
928855724
Legal form
Aksjeselskap
NACE code
2562 · Manufacture of locks and hinges
Founded
2. mars 2022
Share capital
NOK 500 000
Employees
1 (FTE)
VAT registered
No
Audit selected
No
Last report
2023-12-31
Financial year
January – December
Signatory rights
Styrets leder alene.
Company purpose
Bearbeiding av metaller, samt alt hva hermed står i forbindelse, herunder deltagelse i andre selskaper med samme, lignende eller tilknyttet formål.
Contact
Address
Brannstasjonsveien 20, 4312 Sandnes
Risika for professionals
Risika provides regulated workflow tools for finance, procurement and compliance teams that need monitoring, alerts and an API.
Visit risika.com
Explore
Companies in Manufacture of locks and hinges
Companies in Sandnes
All Norway companies
Revenue
NOK millions
0M
3M
5M
8M
10M
1M
2022
9M
2023
EBITDA
NOK millions
0M
1M
1M
2M
2M
0M
2022
2M
2023
Income statement
NOK thousands
Item
2022
2023
Revenue
1 428
8 528
Staff expenses
−16
−1 330
EBITDA
283
1 906
Depreciation & amort.
−136
−248
EBIT
147
1 659
Net financials
−63
16
Profit before tax
84
1 675
Tax
18
370
Net profit
65
1 305
Balance sheet
NOK thousands
Item
2022
2023
Total assets
2 010
3 175
Equity
565
1 870
Long-term debt
4
0
Short-term debt
1 440
1 305
Total debt
1 445
1 305
Financial ratios
5-year trend
EBITDA margin
22.4%
This company
15.8%
Market median
+42% vs market
2022
2023
Equity ratio
58.9%
This company
38.2%
Market median
+54% vs market
2022
2023
Return on equity
69.8%
This company
18.4%
Market median
+279% vs market
2022
2023
Net profit margin
15.3%
This company
8.1%
Market median
+89% vs market
2022
2023
Asset turnover
2.69×
This company
1.12×
Market median
+140% vs market
2022
2023
Debt / equity
0.70×
This company
0.62×
Market median
+13% vs market
2022
2023
Annual reports & filings
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
Management
Actively employed in the business
Name
Role
Member since
Age
Other directorships
SF
Svein Frode Bakke Nilsen
Chief Executive Officer
Chief Executive Officer
2023
—
—
GS
Gyri Sembsmoen
Deputy Member
Deputy Member
2022
—
—
Board of directors
Non-executive oversight
Name
Role
Member since
Age
Other directorships
HO
Helge Olsen
Chairman
2023
—
—
Shareholders
As of last annual report
Shareholder
Type
Ownership
Votes
Since
Gsf Holding As
Company
50.0%
50.0%
2023
Aiho Invest As
Company
50.0%
50.0%
2023
Lofthus Solutions As
Company
10.0%
10.0%
2022
Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive.
Learn more
.
Company hierarchy
Lofthus Solutions As
CUTBEND AS
(this company)
Board network connections
Board members of CUTBEND AS also hold positions in
0
other companies.
Person
Role here
Other companies
Svein Frode Bakke Nilsen
Chief Executive Officer
0 companies
Gyri Sembsmoen
Deputy Member
0 companies
Helge Olsen
Chairman
0 companies