Circular Ways Design AS

ASActive

Org 929600339Richard Olsens Vei 3, 1532 MossIndustrial product and fashion design activities· NACE 7411Est. 2022 · 4 years old0 employees

Overview

Circular Ways Design AS is a Norwegian AS based in Moss, operating in the Industrial product and fashion design activities sector. Incorporated in 2022, the company has 0 employees and reported revenue of NOK 272.1k in its latest annual filing.

Revenue 2025

272.1K NOK

+6% vs 2024

EBITDA margin

32.2 %

+503% vs 2024

Net profit 2025

66.6K NOK

+480% vs 2024

Key ratios

See full ratios →

42.5 %

Average

Around the average of companies in the same industry

20222025

1.7×

Average

Around the average of companies in the same industry

20222025

15.3 %

Strong

Among the 40% highest rated companies in the industry

20222025

EBITDA — year on year

NOK thousands

Key figures

Annual report 2025

Revenue	272.1K NOK	+6%
EBITDA	87.7K NOK	+503%
Net profit	66.6K NOK	+480%
Total assets	435K NOK	+272%
Equity	184.7K NOK	+56%
Employees	0	—

Financial development

In its most recent annual report (2025), Circular Ways Design AS reported revenue of NOK 272.1k, an increase of 6% on the year before. The figures on this page draw on 4 annual filings covering 2022 to 2025. The bottom line showed a net profit of NOK 66.6k, and the EBITDA margin stood at 32.2%.

At the end of 2025, equity financed 42.5% of the balance sheet, and current assets covered short-term debt 1.7 times.

Financials

Revenue

NOK thousands

EBITDA

NOK thousands

Income statement

NOK thousands

Item	2025	2024	2023	2022
Revenue	272	258	526	0
Staff expenses	-0	-0	-0	-0
EBITDA	88	15	103	-6
Depreciation & amort.	-0	-0	-0	-0
EBIT	88	15	103	-6
Net financials	1	0	1	0
Profit before tax	89	15	104	-6
Tax	22	3	23	-1
Net profit	67	11	81	-5

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Balance sheet

NOK thousands

Item	2025	2024	2023	2022
Total assets	435	117	141	25
Equity	185	118	107	25
Long-term debt	0	0	0	0
Short-term debt	250	-1	34	0
Total debt	250	-1	34	0

Financial ratios

5-year trend

EBITDA margin

32.2 %

20222025

Equity ratio

42.5 %

Average

Around the average of companies in the same industry

20222025

Return on equity

36.1 %

Strong

Among the 40% highest rated companies in the industry

20222025

Net profit margin

24.5 %

Strong

Among the 40% highest rated companies in the industry

20222025

Asset turnover

0.63×

Average

Around the average of companies in the same industry

20222025

Debt / equity

1.35×

Weak

Among the 40% lowest rated companies in the industry

20222025

Sector performance

24 of 28 ratios graded

28 financial ratios from the latest filing, each graded against companies in the same industry.

Profitability

Gross marginVery weak

Among the 20% lowest rated companies in the 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 marginStrong

Among the 30% highest 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 marginStrong

Among the 40% highest 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)Strong

Among the 40% highest 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)Strong

Among the 40% highest 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)Strong

Among the 40% highest 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)Strong

Among the 30% highest rated companies in the industry

EBIT relative to total assets — the company's earning power before the effects of tax and financial leverage.

Capacity ratioVery strong

Among the 20% highest rated companies in the 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 ratioAverage

Around the average of companies in the same 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 ratioAverage

Around the average of companies in the same 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 ratioAverage

Around the average of companies in the same industry

Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.

Current assets to equityWeak

Among the 30% 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.

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.

Fixed assets to long-term capitalNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

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.

Debt & solvency

Solidity ratioAverage

Around the average of companies in the same industry

Equity as a share of total assets — the ability to absorb losses. Around 40% is considered satisfactory from a credit perspective.

Debt ratioAverage

Around the average of companies in the same industry

Total debt relative to the balance-sheet total — the share of the assets financed by debt rather than equity.

Debt to equityWeak

Among the 40% 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 equityWeak

Among the 40% 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 debtAverage

Around the average of companies in the same industry

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

EBITDA to debtStrong

Among the 40% highest rated companies in the industry

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

Interest rate on debtVery strong

Among the 10% highest rated companies in the industry

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

Interest marginStrong

Among the 30% highest 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.

Interest coverageNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

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

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 equityVery strong

Among the 20% highest rated companies in the industry

The size of this year's increase or decrease in the company's equity.

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.

One-year change in debtNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

The size of this year's increase or decrease in the company's debt.

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

People & ownership

Management

Actively employed in the business

Name	Role	Member since
Current (1)
KM Katerina Medbøe Eriksen Chief Executive Officer	Chief Executive Officer	2022

Board of directors

Non-executive oversight

Name	Role	Member since
Current (2)
VV Viktor Varan Board of Directors	Board of Directors	2022
KM Katerina Medbøe Eriksen Chairman	Chairman	2022

Shareholders

Active legal owners

No shareholder data available.

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Related companies

Company hierarchy

No registered parent or subsidiaries

Board network connections

Board members of Circular Ways Design AS also hold positions in 23 other companies.

Person	Role here	Other companies
Katerina Medbøe Eriksen	Chief Executive Officer	12 companiesMany roles
Viktor Varan	Board of Directors	11 companiesMany roles

Frequently asked questions

What is the Org number of Circular Ways Design AS?

Circular Ways Design AS is registered with Brønnøysundsregistrene under Org 929600339.

What is the revenue of Circular Ways Design AS?

Circular Ways Design AS reported revenue of NOK 272.1k in 2025.

Who is the CEO of Circular Ways Design AS?

Katerina Medbøe Eriksen is the CEO of Circular Ways Design AS.

Who is the chairman of Circular Ways Design AS?

Katerina Medbøe Eriksen chairs the board of Circular Ways Design AS.

Where is Circular Ways Design AS headquartered?

Circular Ways Design AS's registered address is Richard Olsens Vei 3.