Riskpilot← Back to searchSign inGet full accessCYIENT NORWAY AS
ASActiveOrg 990019851Strandveien 37, 1366 LysakerEngineering activities and related technical consultancy · NACE 7112Est. 200644 employeeswww.citec.com
Revenue 2023
NOK 135,8M
+28% vs 2021
EBITDA margin
16.4%
+16% vs 2021
Equity ratio
53.4%
Financial strength
Net profit 2023
NOK 20,3M
+42% vs 2021
| Revenue | NOK 135,8M | +28% |
| EBITDA | NOK 22,3M | +16% |
| Net profit | NOK 20,3M | +42% |
| Total assets | NOK 86M | +50% |
| Equity | NOK 45,9M | +79% |
| Employees | 44 | — |
Legal name
CYIENT NORWAY AS
Org number
990019851
Legal form
Aksjeselskap
NACE code
7112 · Engineering activities and related technical consultancy
Founded
18. juli 2006
Share capital
NOK 400 000
Employees
44 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2023-03-31
Financial year
January – December
Signatory rights
Styrets leder alene.
Company purpose
Import/eksport, kjøp og salg av handelsvarer, rådgivning, industrileveranser og deltagelse i andre virksomheter.
Address
Strandveien 37, 1366 Lysaker
Website
www.citec.com
Risika for professionals
Risika provides regulated workflow tools for finance, procurement and compliance teams that need monitoring, alerts and an API.
| Item | 2018 | 2019 | 2020 | 2021 | 2023 |
|---|---|---|---|---|---|
| Revenue | 71 599 | 83 755 | 82 911 | 105 861 | 135 764 |
| Staff expenses | −34 237 | −42 169 | −43 503 | −43 098 | −51 365 |
| EBITDA | 10 944 | 8 695 | 10 050 | 19 189 | 22 254 |
| Depreciation & amort. | −731 | −752 | 224 | −548 | −316 |
| EBIT | 10 213 | 7 943 | 10 274 | 18 640 | 21 938 |
| Net financials | 161 | 378 | 688 | −298 | 4 116 |
| Profit before tax | 10 374 | 8 320 | 10 961 | 18 343 | 26 054 |
| Tax | 2 349 | 1 769 | 2 411 | 4 036 | 5 737 |
| Net profit | 8 025 | 6 551 | 8 550 | 14 306 | 20 318 |
| Item | 2018 | 2019 | 2020 | 2021 | 2023 |
|---|---|---|---|---|---|
| Total assets | 31 174 | 39 703 | 50 651 | 57 509 | 85 986 |
| Equity | 16 210 | 22 762 | 11 312 | 25 618 | 45 936 |
| Long-term debt | 6 | 0 | 4 | 0 | 0 |
| Short-term debt | 14 958 | 16 941 | 39 335 | 31 891 | 40 050 |
| Total debt | 14 964 | 16 941 | 39 339 | 31 891 | 40 050 |
EBITDA margin
16.4%
This company
15.8%
Market median
+4% vs market
20182023
Equity ratio
53.4%
This company
38.2%
Market median
+40% vs market
20182023
Return on equity
44.2%
This company
18.4%
Market median
+140% vs market
20182023
Net profit margin
15.0%
This company
8.1%
Market median
+85% vs market
20182023
Asset turnover
1.58×
This company
1.12×
Market median
+41% vs market
20182023
Debt / equity
0.87×
This company
0.62×
Market median
+40% vs market
20182023
- Annual report 2023Filed via Brønnøysundsregistrene · Period 2022-01-01 – 2023-03-31
- Annual report 2021Filed via Brønnøysundsregistrene · Period 2021-01-01 – 2021-12-31
- Annual report 2020Filed via Brønnøysundsregistrene · Period 2020-01-01 – 2020-12-31
- Annual report 2019Filed via Brønnøysundsregistrene · Period 2019-01-01 – 2019-12-31
- Annual report 2018Filed via Brønnøysundsregistrene · Period 2018-01-01 – 2018-12-31
| Name | Role | Member since |
|---|---|---|
| Current (1) | ||
EB Chief Executive Officer | Chief Executive Officer | 2018 |
| Name | Role | Member since |
|---|---|---|
| Current (1) | ||
| Chairman | 2023 | |
| Former (2) | ||
| Chairman | 2021 – 2023 | |
| Board of Directors | 2021 – 2023 | |
| Shareholder | Type | Ownership | Votes | Since |
|---|---|---|---|---|
Citec Oy | Company | 100% | 100% | 2023 |
Cyient Oy | Company | 100% | 100% | 2024 |
Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive. Learn more.
No registered parent or subsidiaries
Board members of CYIENT NORWAY AS also hold positions in 0 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Espen Berg | Chief Executive Officer | 0 companies |
| Lars Johan Westermarck | Chairman | 0 companies |
| Tuuli Katarina Kangasaho | Board of Directors | 0 companies |
| John Patrick Renard | Chairman | 0 companies |