Cortavik AS

ASActive

Org 926043552Østenåslia 15, 1344 HaslumBusiness and other management consultancy activities· NACE 7020Est. 2020 · 5 years old1-4 employees

Overview

Cortavik AS is a Norwegian AS based in Haslum, operating in the Business and other management consultancy activities sector. Incorporated in 2020, the company reported revenue of NOK 139.3k in its latest annual filing.

Revenue 2025

139.3K NOK

−81% vs 2024

EBITDA margin

−21.1 %

−111% vs 2024

Net profit 2025

-24.5K NOK

-111% vs 2024

Key ratios

See full ratios →

83.0 %

Strong

Among the 30% highest rated companies in the industry

20212025

1.0×

Weak

Among the 30% lowest rated companies in the industry

20212025

-3.8 %

Weak

Among the 40% lowest rated companies in the industry

20212025

EBITDA — year on year

NOK thousands

Key figures

Annual report 2025

Revenue	139.3K NOK	-81%
EBITDA	-29.4K NOK	-111%
Net profit	-24.5K NOK	-111%
Total assets	644.6K NOK	-16%
Equity	534.8K NOK	-4%
Employees	—	—

Financial development

In its most recent annual report (2025), Cortavik AS reported revenue of NOK 139.3k, a decrease of 81% 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 24.5k, and the EBITDA margin stood at -21.1%.

At the end of 2025, equity financed 83% of the balance sheet, and current assets covered short-term debt 1 times.

Financials

Revenue

NOK thousands

EBITDA

NOK thousands

Income statement

NOK thousands

Item	2025	2024	2023	2022	2021
Revenue	139	724	478	492	0
Staff expenses	-94	-332	-167	-487	-0
EBITDA	-29	270	122	-34	-8
Depreciation & amort.	-0	-0	-0	-0	-0
EBIT	-29	270	122	-34	-8
Net financials	5	10	-216	0	0
Profit before tax	-25	280	-94	-34	-8
Tax	-0	62	16	-0	-0
Net profit	-25	218	-110	-34	-8

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Balance sheet

NOK thousands

Item	2025	2024	2023	2022	2021
Total assets	645	772	773	873	836
Equity	535	559	341	451	485
Long-term debt	0	0	0	0	0
Short-term debt	110	212	432	422	351
Total debt	110	212	432	422	351

Financial ratios

5-year trend

EBITDA margin

-21.1 %

20212025

Equity ratio

83.0 %

Strong

Among the 30% highest rated companies in the industry

20212025

Return on equity

-4.6 %

Weak

Among the 30% lowest rated companies in the industry

20212025

Net profit margin

-17.6 %

Very weak

Among the 20% lowest rated companies in the industry

20212025

Asset turnover

0.22×

Average

Around the average of companies in the same industry

20212025

Debt / equity

0.21×

Strong

Among the 30% highest rated companies in the industry

20212025

Sector performance

27 of 28 ratios graded

28 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 20% 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 40% 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)Weak

Among the 30% lowest rated companies in the 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 ratioWeak

Among the 30% 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 ratioWeak

Among the 30% 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 ratioWeak

Among the 40% 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 ratioStrong

Among the 40% highest 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 ratioStrong

Among the 30% 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 debtWeak

Among the 30% lowest rated companies in the industry

Profit relative to debt — the ability to create earnings while operating with debt.

EBITDA to debtWeak

Among the 30% lowest rated companies in the industry

EBITDA relative to debt — how much operating earnings are available to service the debt.

Interest coverageVery weak

Among the 20% lowest rated companies in the industry

The ability to pay the interest on the company's debt out of its earnings.

Interest rate on debtAverage

Around the average of companies in the same industry

Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.

Interest marginWeak

Among the 40% 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 capitalAverage

Around the average of companies in the same industry

Total equity relative to the capital the owners contributed — how the equity has developed from its starting point.

One-year change in equityWeak

Among the 40% lowest 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 2025
Filed via Brønnøysundsregistrene · Period 2025-01-01 – 2025-12-31
View PDF
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 2021-01-01 – 2021-12-31
View PDF

People & ownership

Management

Actively employed in the business

Name	Role	Member since

Former (1)


SA Stephane-Edouard Arnaud Cortadellas Contact Person	Contact Person	2020 – 2026

Board of directors

Non-executive oversight

Name	Role	Member since
Current (2)
KE Kristian Eidesvik Board of Directors	Board of Directors	2020
SA Stephane-Edouard Arnaud Cortadellas Chairman	Chairman	2020

Shareholders

Active legal owners

Shareholder	Type	Ownership	Votes	Registered
Maria Cortadellas Eidesvik	Individual	10%	10%	2023
Eidesvik Maria C	Individual	10%	10%	2020

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Related companies

Company hierarchy

No registered parent or subsidiaries

Board network connections

Board members of Cortavik AS also hold positions in 30 other companies.

Person	Role here	Other companies
Kristian Eidesvik	Board of Directors	25 companiesMany roles
Stephane-Edouard Arnaud Cortadellas	Contact Person	5 companies

Frequently asked questions

What is the Org number of Cortavik AS?

Cortavik AS is registered with Brønnøysundsregistrene under Org 926043552.

What is the revenue of Cortavik AS?

Cortavik AS reported revenue of NOK 139.3k in 2025.

Who is the chairman of Cortavik AS?

Stephane-Edouard Arnaud Cortadellas chairs the board of Cortavik AS.

Where is Cortavik AS headquartered?

Cortavik AS's registered address is Østenåslia 15.