Riskpilot← Back to searchSign inGet full accessG. COWARD AS
ASActiveOrg 929683943Hagebyvegen 33, 3734 SkienWholesale of hardware, plumbing and heating equipment and supplies · NACE 4684Est. 198044 employeeswww.coward.no
Revenue 2024
NOK 181,6M
+9% vs 2023
EBITDA margin
3.6%
-26% vs 2023
Equity ratio
65.2%
Financial strength
Net profit 2024
NOK 4,3M
-13% vs 2023
| Revenue | NOK 181,6M | +9% |
| EBITDA | NOK 6,6M | -26% |
| Net profit | NOK 4,3M | -13% |
| Total assets | NOK 109,1M | +7% |
| Equity | NOK 71,2M | +6% |
| Employees | 44 | — |
Legal name
G. COWARD AS
Org number
929683943
Legal form
Aksjeselskap
NACE code
4684 · Wholesale of hardware, plumbing and heating equipment and supplies
Founded
12. desember 1980
Share capital
NOK 2 500 000
Employees
44 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Signatory rights
Daglig leder og styrets leder i fellesskap.
Address
Hagebyvegen 33, 3734 Skien
Website
www.coward.no
Risika for professionals
Risika provides regulated workflow tools for finance, procurement and compliance teams that need monitoring, alerts and an API.
| Item | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | 196 623 | 204 597 | 172 951 | 166 517 | 181 589 |
| Staff expenses | −23 945 | −24 343 | −25 660 | −25 735 | −28 543 |
| EBITDA | 12 682 | 11 083 | −1 198 | 8 895 | 6 557 |
| Depreciation & amort. | −2 060 | −2 355 | −4 176 | −2 515 | −1 337 |
| EBIT | 10 622 | 8 729 | −5 374 | 6 380 | 5 220 |
| Net financials | −361 | 460 | −48 | −65 | 279 |
| Profit before tax | 10 260 | 9 189 | −5 422 | 6 314 | 5 499 |
| Tax | 2 349 | 2 025 | −1 187 | 1 396 | 1 224 |
| Net profit | 7 911 | 7 163 | −4 235 | 4 918 | 4 275 |
| Item | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Total assets | 108 390 | 105 999 | 101 869 | 102 315 | 109 118 |
| Equity | 65 474 | 69 057 | 63 658 | 66 899 | 71 174 |
| Long-term debt | 0 | 0 | 15 000 | 14 000 | 14 000 |
| Short-term debt | 42 747 | 36 847 | 23 191 | 21 416 | 23 945 |
| Total debt | 42 747 | 36 847 | 38 191 | 35 416 | 37 945 |
EBITDA margin
3.6%
This company
15.8%
Market median
-77% vs market
20202024
Equity ratio
65.2%
This company
38.2%
Market median
+71% vs market
20202024
Return on equity
6.0%
This company
18.4%
Market median
-67% vs market
20202024
Net profit margin
2.4%
This company
8.1%
Market median
-70% vs market
20202024
Asset turnover
1.66×
This company
1.12×
Market median
+48% vs market
20202024
Debt / equity
0.53×
This company
0.62×
Market median
+15% 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 (2) | ||
RK Chief Executive Officer | Chief Executive Officer | 2006 |
CV Deputy Member | Deputy Member | 2025 |
| Name | Role | Member since |
|---|---|---|
| Current (3) | ||
| Board of Directors | 2025 | |
| Board of Directors | 2024 | |
| Chairman | 2010 | |
| Former (2) | ||
| Board of Directors | 2010 – 2024 | |
| Board of Directors | 2010 – 2025 | |
| Shareholder | Type | Ownership | Votes | Since |
|---|---|---|---|---|
| Individual | 24% | 24% | 2024 | |
| Company | 23% | 23% | 2024 | |
| Individual | 19.5% | 19.5% | 2022 | |
| Individual | 19.5% | 19.5% | 2024 | |
| Individual | 19.5% | 19.5% | 2024 | |
| Individual | 9% | 9% | 2024 | |
| Individual | 9% | 9% | 2022 | |
| Individual | 5% | 5% | 2024 | |
| Individual | 3% | 3% | 2022 |
Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive. Learn more.
G. COWARD AS 
BYGG OG INDUSTRIGROSS NORGE ASBoard members of G. COWARD AS also hold positions in 0 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Roger Kolstad | Chief Executive Officer | 0 companies |
| Caroline Vestgarden | Deputy Member | 0 companies |
| Atle Bringsås | Board of Directors | 0 companies |
| Willem Vincent Westli | Board of Directors | 0 companies |
| Berthe Ellen Cecilie Westli Coward Schøyen | Board of Directors | 0 companies |
| Ole Arnt Nilsen | Board of Directors | 0 companies |
| Per Herbert Westli | Chairman | 0 companies |