Cemit Group AS
ASActiveOrg 921160968Kverndalsgata 8, 3717 SkienComputer programming activities· NACE 6210Est. 2018 · 8 years old0 employees
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Overview
Cemit Group AS is a Norwegian AS based in Skien, operating in the Computer programming activities sector. Incorporated in 2018, the company has 0 employees and reported revenue of NOK 2.7m in its latest annual filing.
Revenue 2025
2.7M NOK
−59% vs 2024
EBITDA margin
−35.8 %
−453% vs 2024
Net profit 2025
-12M NOK
-420% vs 2024
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
90.8 %
StrongAmong the 30% highest rated companies in the industry
20212025
Liquidity ratioCurrent assets ÷ Short-term debt
0.1×
Very weakAmong the 10% lowest rated companies in the industry
20212025
Return on assets (ROA)Net profit ÷ Total assets × 100
-14.7 %
WeakAmong the 30% lowest rated companies in the industry
20212025
EBITDA — year on year
NOK thousandsKey figures
Annual report 2025| Revenue | 2.7M NOK | -59% |
| EBITDA | -1M NOK | -453% |
| Net profit | -12M NOK | -420% |
| Total assets | 81.4M NOK | +7% |
| Equity | 73.9M NOK | +31% |
| Employees | 0 | — |
Company information
Legal name
CEMIT GROUP AS
Org number
921160968
Legal form
Aksjeselskap
NACE code
Founded
21 June 2018 · 8 years
Share capital
NOK 597,329
Employees
0 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2025-12-31
Financial year
January – December
Signatory rights
Daglig leder og styrets leder i fellesskap.
Company purpose
Hovedkontortjenester og investering i aksjer, selskapsandeler og annen investeringsvirksomhet, samt annen virksomhet som står i naturlig tilknytning til dette.
(no translation available)
Contact
Address
Kverndalsgata 8, 3717 Skien
Phone
+47 93 20 63 20
Risika for professionals
Risika provides regulated workflow tools for finance, procurement and compliance teams that need monitoring, alerts and an API.
Financial development
In its most recent annual report (2025), Cemit Group AS reported revenue of NOK 2.7m, a decrease of 59% on the year before. The figures on this page draw on 5 annual filings covering 2021 to 2025. The bottom line showed a net loss of NOK 12.0m, and the EBITDA margin stood at -35.8%.
At the end of 2025, equity financed 90.8% of the balance sheet, and current assets covered short-term debt 0.1 times.
Financials
Revenue
NOK millionsEBITDA
NOK thousandsIncome statement
NOK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 2,700 | 6,637 | 13,059 | 14,199 | 2,782 |
| Staff expenses | -379 | -367 | -6,840 | -6,371 | -2,228 |
| EBITDA | -967 | -175 | -1,024 | -1,385 | -2,922 |
| Depreciation & amort. | -140 | -287 | -185 | -198 | -89 |
| EBIT | -1,107 | -462 | -1,209 | -1,584 | -3,011 |
| Net financials | -10,876 | -1,844 | -1,765 | -11,969 | 2,270 |
| Profit before tax | -11,983 | -2,306 | -2,974 | -13,552 | -741 |
| Tax | -0 | -0 | -0 | 163 | -162 |
| Net profit | -11,983 | -2,306 | -2,974 | -13,715 | -579 |
Balance sheet
NOK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total assets | 81,360 | 76,099 | 52,112 | 34,404 | 26,420 |
| Equity | 73,851 | 56,295 | 11,129 | 8,405 | 8,062 |
| Long-term debt | 3,363 | 4,413 | 5,300 | 5,600 | 4,157 |
| Short-term debt | 4,146 | 15,391 | 35,682 | 20,400 | 14,202 |
| Total debt | 7,509 | 19,804 | 40,982 | 26,000 | 18,359 |
Financial ratios
5-year trendEBITDA margin
-35.8 %
20212025
Equity ratio
90.8 %
StrongAmong the 30% highest rated companies in the industry
20212025
Return on equity
-16.2 %
WeakAmong the 30% lowest rated companies in the industry
20212025
Net profit margin
-443.8 %
Very weakAmong the 10% lowest rated companies in the industry
20212025
Asset turnover
0.03×
AverageAround the average of companies in the same industry
20212025
Debt / equity
0.10×
StrongAmong the 30% highest rated companies in the industry
20212025
Sector performance
27 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Gross marginAverage
Around the average of companies in the same industry
The gross result as a share of revenue — how much of the revenue is left after variable costs to cover the company's fixed costs.
Operating marginVery weak
Among the 20% lowest rated companies in the industry
EBIT as a share of revenue — the share of revenue remaining as earnings once all operating costs are covered. A key measure of earning power.
Net profit marginVery weak
Among the 10% lowest rated companies in the industry
The profit for the year as a share of revenue — the company's ability to turn revenue into profit.
Return on equity (ROE)Weak
Among the 30% lowest rated companies in the industry
Net profit as a percentage of equity — the return the owners earned on their invested capital this year.
Return on assets (ROA)Weak
Among the 30% lowest rated companies in the industry
Net profit as a percentage of total assets — the return generated on the capital employed.
Return on net assets (RONA)Weak
Among the 30% lowest rated companies in the industry
Profit relative to net assets (total assets minus total debt) — the ability to generate earnings from the net asset base alone.
Basic earning power (BEP)Average
Around the average of companies in the same industry
EBIT relative to total assets — the company's earning power before the effects of tax and financial leverage.
Capacity ratioAverage
Around the average of companies in the same industry
Shows how strongly fixed costs weigh on the gross result — a high ratio means fixed costs take only a small bite out of the earnings from basic operations.
Liquidity
Current ratioVery weak
Among the 10% lowest rated companies in the industry
Current assets relative to short-term debt — the ability to settle short-term obligations with current assets alone. Around 150% is considered satisfactory from a credit perspective.
Quick ratioVery weak
Among the 10% lowest rated companies in the industry
Current assets excluding inventory relative to short-term debt — whether the most liquid assets alone can cover the short-term obligations. A value of 1 or above signals a healthy liquidity position.
Cash ratioVery weak
Among the 20% lowest rated companies in the industry
Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.
Current assets to equityVery strong
Among the 10% highest rated companies in the industry
Current assets relative to equity — an indicator of the balance-sheet structure and of the company's short- and long-term financing. The healthy level is highly industry-dependent.
Fixed assets to long-term capitalVery weak
Among the 20% lowest rated companies in the industry
Fixed assets relative to long-term capital (equity plus long-term liabilities). Below 100% means the long-term capital finances more than just the fixed assets — a healthier liquidity position.
Cash conversion ratioVery weak
Among the 20% lowest rated companies in the industry
Cash flow relative to profit — the ability to convert reported profits into accessible cash.
Debt & solvency
Solidity ratioStrong
Among the 30% highest rated companies in the industry
Equity as a share of total assets — the ability to absorb losses. Around 40% is considered satisfactory from a credit perspective.
Debt ratioVery strong
Among the 20% highest rated companies in the industry
Total debt relative to the balance-sheet total — the share of the assets financed by debt rather than equity.
Debt to equityStrong
Among the 30% highest rated companies in the industry
Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.
Liabilities to equityStrong
Among the 40% highest rated companies in the industry
Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.
Income to debtVery weak
Among the 10% lowest rated companies in the industry
Profit relative to debt — the ability to create earnings while operating with debt.
EBITDA to debtWeak
Among the 40% lowest rated companies in the industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest coverageAverage
Around the average of companies in the same industry
The ability to pay the interest on the company's debt out of its earnings.
Interest rate on debtVery weak
Among the 10% lowest rated companies in the industry
Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.
Interest marginVery weak
Among the 20% lowest rated companies in the industry
The return on assets minus the interest rate on debt. Positive means the company benefits from operating with debt; negative means the debt makes it worse off.
Efficiency & development
Asset turnoverAverage
Around the average of companies in the same industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
Equity to contributed capitalVery strong
Among the 10% highest rated companies in the industry
Total equity relative to the capital the owners contributed — how the equity has developed from its starting point.
One-year change in equityStrong
Among the 30% highest rated companies in the industry
The size of this year's increase or decrease in the company's equity.
One-year change in debtVery strong
Among the 20% highest rated companies in the industry
The size of this year's increase or decrease in the company's debt.
Inventory turnoverNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Revenue relative to inventory — how many times a year the inventory is sold and replaced. A low value can indicate weak sales or excess inventory.
Annual reports & filings
- Annual report 2025Filed via Brønnøysundsregistrene · Period 2025-01-01 – 2025-12-31
- 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
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (1) | ||
ST Chief Executive Officer | Chief Executive Officer | 2025 |
Former (4)
SW Chief Executive Officer | Chief Executive Officer | 2022 – 2023 |
JR Observer | Observer | 2023 – 2026 |
AF Chief Executive Officer | Chief Executive Officer | 2023 – 2025 |
AS Chief Executive Officer | Chief Executive Officer | 2018 – 2022 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (4) | ||
EK Board of Directors | Board of Directors | 2024 |
PT Chairman | Chairman | 2025 |
IS Board of Directors | Board of Directors | 2025 |
AF Board of Directors | Board of Directors | 2025 |
Former (7)
LA Board of Directors | Board of Directors | 2021 – 2022 |
SA Board of Directors | Board of Directors | 2022 – 2022 |
AS Chairman | Chairman | 2021 – 2022 |
MS Board of Directors | Board of Directors | 2022 – 2025 |
GD Board of Directors | Board of Directors | 2021 – 2022 |
SW Chairman | Chairman | 2022 – 2023 |
HM Board of Directors | Board of Directors | 2022 – 2023 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 37.26% | 37.26% | 2025 | |
| Company | 10.47% | 10.47% | 2025 | |
| Company | 6.92% | 6.92% | 2025 | |
| Company | 6.3% | 6.3% | 2025 | |
| Company | 5.63% | 5.63% | 2025 | |
| Company | 4.45% | 4.45% | 2025 | |
| Company | 2.57% | 2.57% | 2025 | |
| Company | 2.14% | 2.14% | 2025 | |
| Company | 2.04% | 2.04% | 2025 | |
| Company | 1.52% | 1.52% | 2025 | |
| Individual | 1.51% | 1.51% | 2025 | |
| Company | 1.43% | 1.43% | 2025 | |
| Company | 1.4% | 1.4% | 2025 | |
Beech Holding Oy | Company | 1.23% | 1.23% | 2025 |
| Company | 1.18% | 1.18% | 2025 | |
| Company | 1.13% | 1.13% | 2025 | |
Dimerent Oy | Company | 1.13% | 1.13% | 2025 |
| Individual | 0.72% | 0.72% | 2025 | |
| Company | 0.62% | 0.62% | 2025 | |
| Company | 0.51% | 0.51% | 2025 | |
| Individual | 0.33% | 0.33% | 2025 | |
| Individual | 0.27% | 0.27% | 2025 | |
| Individual | 0.14% | 0.14% | 2025 | |
| Individual | 0.11% | 0.11% | 2025 | |
| Individual | 0.02% | 0.02% | 2025 | |
Dimerent Oy | Company | 1.49% | 1.49% | 2024 |
Beech Holding Oy | Company | 1.49% | 1.49% | 2024 |
Related companies
Company hierarchy
Moonage As6.9192%Core Equity Fund I As37.2569%Friar Venture As5.6274%New Normal Group As10.4671%Visi Invest As6.3045%Silverwater As4.45%Hulita Holding As2.14%Aiga Invest As2.04%Bacs Invest As1.52%Gd Support As1.43%Beech Holding Oy1.23%Dimerent Oy1.13%Proventia As0.62%Moen Investment As0.51%
Cemit Group AS (this company)Cemit Digital AS100% ownedBoard network connections
Board members of Cemit Group AS also hold positions in 134 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Aleksander Farstad | Chief Executive Officer | 27 companiesMany roles |
| Espen Kjeldsen | Board of Directors | 19 companiesMany roles |
| Ingvild Standal Næss | Board of Directors | 16 companiesMany roles |
| Stig Williams Seljeseth | Chief Executive Officer | 15 companiesMany roles |
| Lars Anders Ulfsson Hungefält | Board of Directors | 14 companiesMany roles |
| Sigurd Aanesen | Board of Directors | 9 companiesMany roles |
| Hege Moe Tveit | Board of Directors | 7 companiesMany roles |
| Jørn Roar Bamle | Observer | 6 companiesMany roles |
| Simen Teigre | Chief Executive Officer | 5 companies |
| Peter Tonstad | Chairman | 5 companies |
| Mette Stavrum-Tång | Board of Directors | 4 companies |
| Are Sandersen | Chief Executive Officer | 3 companies |
| Arve Stavrum-Tång | Chairman | 2 companies |
| Geir Danielsen | Board of Directors | 2 companies |
Frequently asked questions
What is the Org number of Cemit Group AS?
Cemit Group AS is registered with Brønnøysundsregistrene under Org 921160968.
What is the revenue of Cemit Group AS?
Cemit Group AS reported revenue of NOK 2.7m in 2025.
Who is the CEO of Cemit Group AS?
Simen Teigre is the CEO of Cemit Group AS, in role since 2025.
Who is the chairman of Cemit Group AS?
Peter Tonstad chairs the board of Cemit Group AS, in role since 2025.
Where is Cemit Group AS headquartered?
Cemit Group AS's registered address is Kverndalsgata 8.