Gce-Group

NUFActive

Org 932540193Laan Van Westenenk 739a, 4e Verdieping Links,Engineering activities and related technical consultancy· NACE 7112Est. 2023 · 2 years old0 employees

Overview

Gce-Group is a Norwegian NUF, operating in the Engineering activities and related technical consultancy sector. Incorporated in 2023, the company has 0 employees and reported revenue of NOK 16.6m in its latest annual filing.

Revenue 2023

16.6M NOK

EBITDA margin

6.5 %

Net profit 2023

0.8M NOK

0 employees

Key ratios

See full ratios →

78.0 %

Strong

Among the 40% highest rated companies in the industry

20232023

4.5×

Strong

Among the 30% highest rated companies in the industry

20232023

78.0 %

Very strong

Among the 10% highest rated companies in the industry

20232023

EBITDA — year on year

NOK thousands

Key figures

Annual report 2023

Revenue	16.6M NOK	—
EBITDA	1.1M NOK	—
Net profit	0.8M NOK	—
Total assets	1.1M NOK	—
Equity	0.8M NOK	—
Employees	0	—

Financial development

In its most recent annual report (2023), Gce-Group reported revenue of NOK 16.6m. The bottom line showed a net profit of NOK 849.4k, and the EBITDA margin stood at 6.5%.

At the end of 2023, equity financed 78% of the balance sheet, and current assets covered short-term debt 4.5 times.

Financials

Revenue

NOK millions

EBITDA

NOK thousands

Income statement

NOK thousands

Item	2023
Revenue	16,646
Staff expenses	-988
EBITDA	1,089
Depreciation & amort.	-0
EBIT	1,089
Net financials	0
Profit before tax	1,089
Tax	240
Net profit	849

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Balance sheet

NOK thousands

Item	2023
Total assets	1,089
Equity	849
Long-term debt	0
Short-term debt	240
Total debt	240

Financial ratios

5-year trend

EBITDA margin

6.5 %

20232023

Equity ratio

78.0 %

Strong

Among the 40% highest rated companies in the industry

20232023

Return on equity

100.0 %

Very strong

Among the 20% highest rated companies in the industry

20232023

Net profit margin

5.1 %

Average

Around the average of companies in the same industry

20232023

Asset turnover

15.29×

Very strong

Among the 10% highest rated companies in the industry

20232023

Debt / equity

0.28×

Strong

Among the 40% highest rated companies in the industry

20232023

Sector performance

21 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 marginAverage

Around the average of companies in the same 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 marginAverage

Around the average of companies in the same 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 strong

Among the 20% 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)Very strong

Among the 10% 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)Very strong

Among the 20% 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)Very strong

Among the 10% 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 ratioStrong

Among the 40% 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 ratioStrong

Among the 30% highest 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 ratioStrong

Among the 30% highest 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 10% 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 equityAverage

Around the average of companies in the same 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 strong

Among the 10% highest 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 30% 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 40% 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 40% 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 strong

Among the 10% highest rated companies in the industry

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

EBITDA to debtVery strong

Among the 10% highest rated companies in the industry

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

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.

Interest rate on debtNot rated

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

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

Interest marginNot rated

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

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 turnoverVery strong

Among the 10% highest rated companies in the industry

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

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.

Equity to contributed capitalNot rated

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

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

One-year change in equityNot 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 equity.

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 2023
Filed via Brønnøysundsregistrene · Period 2023-01-01 – 2023-12-31
View PDF

People & ownership

Management

Actively employed in the business

Name	Role	Member since
Current (1)
KA Knut Andreassen Contact Person	Contact Person	2023

Board of directors

Non-executive oversight

No data on file.

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 Gce-Group also hold positions in 76 other companies.

Person	Role here	Other companies
Knut Andreassen	Contact Person	76 companiesMany roles

Frequently asked questions

What is the Org number of Gce-Group?

Gce-Group is registered with Brønnøysundsregistrene under Org 932540193.

What is the revenue of Gce-Group?

Gce-Group reported revenue of NOK 16.6m in 2023.

Where is Gce-Group headquartered?

Gce-Group's registered address is Laan Van Westenenk 739a, 4e Verdieping Links,.