Corecelium AS

ASDissolved

Org 929546997Heimdalsgata 2A, 0561 OsloEngineering activities and related technical consultancy· NACE 7112Est. 2022 · 4 years old0 employeeshttps://www.corecelium.com

Overview

Corecelium AS is a Norwegian AS based in Oslo, operating in the Engineering activities and related technical consultancy sector. Incorporated in 2022, the company has 0 employees and reported revenue of NOK 243.0k in its latest annual filing.

Revenue 2023

243K NOK

+386% vs 2022

EBITDA margin

−12.9 %

−206% vs 2022

Net profit 2023

-24.4K NOK

-191% vs 2022

Key ratios

See full ratios →

24.5 %

Weak

Among the 40% lowest rated companies in the industry

20222023

1.3×

Weak

Among the 40% lowest rated companies in the industry

20222023

-22.4 %

Very weak

Among the 20% lowest rated companies in the industry

20222023

EBITDA — year on year

NOK thousands

Key figures

Annual report 2023

Revenue	243K NOK	+386%
EBITDA	-31.5K NOK	-206%
Net profit	-24.4K NOK	-191%
Total assets	108.9K NOK	+90%
Equity	26.7K NOK	-48%
Employees	0	—

Contact

Address

Heimdalsgata 2A, 0561 Oslo

Website

https://www.corecelium.com

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Financial development

In its most recent annual report (2023), Corecelium AS reported revenue of NOK 243.0k, an increase of 386% on the year before. The figures on this page draw on 2 annual filings covering 2022 to 2023. The bottom line showed a net loss of NOK 24.4k, and the EBITDA margin stood at -12.9%.

At the end of 2023, equity financed 24.5% of the balance sheet, and current assets covered short-term debt 1.3 times.

Financials

Revenue

NOK thousands

EBITDA

NOK thousands

Income statement

NOK thousands

Item	2023	2022
Revenue	243	50
Staff expenses	-218	-0
EBITDA	-31	30
Depreciation & amort.	-0	-0
EBIT	-31	30
Net financials	0	0
Profit before tax	-31	30
Tax	-7	3
Net profit	-24	27

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Balance sheet

NOK thousands

Item	2023	2022
Total assets	109	57
Equity	27	51
Long-term debt	3	3
Short-term debt	79	3
Total debt	82	6

Financial ratios

5-year trend

EBITDA margin

-12.9 %

20222023

Equity ratio

24.5 %

Weak

Among the 40% lowest rated companies in the industry

20222023

Return on equity

-91.2 %

Very weak

Among the 10% lowest rated companies in the industry

20222023

Net profit margin

-10.0 %

Weak

Among the 30% lowest rated companies in the industry

20222023

Asset turnover

2.23×

Strong

Among the 30% highest rated companies in the industry

20222023

Debt / equity

3.08×

Very weak

Among the 20% lowest rated companies in the industry

20222023

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 marginWeak

Among the 30% 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 marginWeak

Among the 30% 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)Very weak

Among the 10% 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)Very weak

Among the 20% 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)Very weak

Among the 10% 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)Very weak

Among the 20% 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 40% 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 40% 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 ratioStrong

Among the 40% highest 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 weak

Among the 20% lowest 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 capitalAverage

Around the average of companies in the same 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 strong

Among the 20% highest rated companies in the industry

Cash flow relative to profit — the ability to convert reported profits into accessible cash.

Debt & solvency

Solidity ratioWeak

Among the 40% lowest 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 ratioWeak

Among the 40% lowest 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 equityVery weak

Among the 20% lowest rated companies in the industry

Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.

Liabilities to equityVery weak

Among the 20% lowest 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 20% lowest rated companies in the industry

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

EBITDA to debtVery weak

Among the 20% 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 10% 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 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 turnoverStrong

Among the 30% highest rated companies in the industry

Revenue relative to total assets — the ability to generate revenue from the asset base.

Equity to contributed capitalWeak

Among the 30% lowest 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 equityVery weak

Among the 20% 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 weak

Among the 10% lowest 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 2023
Filed via Brønnøysundsregistrene · Period 2023-01-01 – 2023-12-31
View PDF
Annual report 2022
Filed via Brønnøysundsregistrene · Period 2022-04-29 – 2022-12-31
View PDF

People & ownership

Management

Actively employed in the business

Name	Role	Member since
Current (1)
ES Erik Sandtrø Trustee	Trustee	2026

Former (2)


JK Johar Khalid Chief Executive Officer	Chief Executive Officer	2024 – 2024
TM Tawfeq Mohammed Tawfeq Chief Executive Officer	Chief Executive Officer	2022 – 2024

Board of directors

Non-executive oversight

Name	Role	Member since
Current (1)
TM Tawfeq Mohammed Tawfeq Chairman	Chairman	2022

Former (3)


JK Johar Khalid Deputy Chairman	Deputy Chairman	2022 – 2024
HB Harald Bjørnstad Board of Directors	Board of Directors	2023 – 2024
YI Yashar Irandoust Board of Directors	Board of Directors	2022 – 2024

Shareholders

Active legal owners

Shareholder	Type	Ownership	Votes	Registered
Yashar Irandoust	Individual	2%	2%	2022

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Related companies

Company hierarchy

No registered parent or subsidiaries

Board network connections

Board members of Corecelium AS also hold positions in 208 other companies.

Person	Role here	Other companies
Erik Sandtrø	Trustee	187 companiesMany roles
Yashar Irandoust	Board of Directors	8 companiesMany roles
Johar Khalid	Chief Executive Officer	6 companiesMany roles
Harald Bjørnstad	Board of Directors	4 companies
Tawfeq Mohammed Tawfeq	Chief Executive Officer	3 companies

Frequently asked questions

What is the Org number of Corecelium AS?

Corecelium AS is registered with Brønnøysundsregistrene under Org 929546997.

What is the revenue of Corecelium AS?

Corecelium AS reported revenue of NOK 243.0k in 2023.

Who is the chairman of Corecelium AS?

Tawfeq Mohammed Tawfeq chairs the board of Corecelium AS.

Where is Corecelium AS headquartered?

Corecelium AS's registered address is Heimdalsgata 2A.