Crust AS
ASActiveOrg 933746097Olaf Helsets Vei 6, 0694 OsloMobile food service activities· NACE 5612Est. 2024 · 2 years old47 employees
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Overview
Crust AS is a Norwegian AS based in Oslo, operating in the Mobile food service activities sector. Incorporated in 2024, the company has 47 employees and reported revenue of NOK 2.4m in its latest annual filing.
Revenue 2025
2.4M NOK
+351% vs 2024
EBITDA margin
2.3 %
−4% vs 2024
Net profit 2025
0M NOK
-99% vs 2024
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
5.9 %
WeakAmong the 40% lowest rated companies in the industry
20242025
Liquidity ratioCurrent assets ÷ Short-term debt
0.7×
WeakAmong the 40% lowest rated companies in the industry
20242025
Return on assets (ROA)Net profit ÷ Total assets × 100
0.0 %
AverageAround the average of companies in the same industry
20242025
EBITDA — year on year
NOK thousandsKey figures
Annual report 2025| Revenue | 2.4M NOK | +351% |
| EBITDA | 0.1M NOK | -4% |
| Net profit | 0M NOK | -99% |
| Total assets | 0.8M NOK | +720% |
| Equity | 0M NOK | +1% |
| Employees | 47 | — |
Company information
Legal name
CRUST AS
Org number
933746097
Legal form
Aksjeselskap
NACE code
Founded
21 June 2024 · 2 years
Share capital
NOK 30,000
Employees
47 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2025-12-31
Financial year
January – December
Signatory rights
Styrets leder alene. Daglig leder alene.
Company purpose
Salg av drikkevarer og mat fra utsalgsvogn.
(no translation available)
Address
Olaf Helsets Vei 6, 0694 Oslo
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Financial development
In its most recent annual report (2025), Crust AS reported revenue of NOK 2.4m, an increase of 351% on the year before. The figures on this page draw on 2 annual filings covering 2024 to 2025. The bottom line showed a net profit of NOK 248, and the EBITDA margin stood at 2.3%.
At the end of 2025, equity financed 5.9% of the balance sheet, and current assets covered short-term debt 0.7 times.
Financials
Revenue
NOK thousandsEBITDA
NOK thousandsIncome statement
NOK thousands| Item | 2025 | 2024 |
|---|---|---|
| Revenue | 2,401 | 533 |
| Staff expenses | -815 | -220 |
| EBITDA | 56 | 59 |
| Depreciation & amort. | -47 | -0 |
| EBIT | 9 | 59 |
| Net financials | -9 | -24 |
| Profit before tax | 0 | 35 |
| Tax | 0 | 5 |
| Net profit | 0 | 30 |
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Balance sheet
NOK thousands| Item | 2025 | 2024 |
|---|---|---|
| Total assets | 812 | 99 |
| Equity | 48 | 48 |
| Long-term debt | 366 | 0 |
| Short-term debt | 397 | 51 |
| Total debt | 764 | 51 |
Financial ratios
5-year trendEBITDA margin
2.3 %
20242025
Equity ratio
5.9 %
WeakAmong the 40% lowest rated companies in the industry
20242025
Return on equity
0.5 %
WeakAmong the 40% lowest rated companies in the industry
20242025
Net profit margin
0.0 %
AverageAround the average of companies in the same industry
20242025
Asset turnover
2.96×
StrongAmong the 40% highest rated companies in the industry
20242025
Debt / equity
15.82×
Very weakAmong the 20% lowest rated companies in the industry
20242025
Sector performance
27 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Gross marginStrong
Among the 40% highest 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)Weak
Among the 40% 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)Average
Around the average of companies in the same industry
Net profit as a percentage of total assets — the return generated on the capital employed.
Return on net assets (RONA)Weak
Among the 40% 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 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 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 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 capitalWeak
Among the 30% 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 strong
Among the 10% 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 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 debtAverage
Around the average of companies in the same 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 debtWeak
Among the 40% lowest rated companies in the industry
Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.
Interest marginAverage
Around the average of companies in the same 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 40% highest rated companies in the 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 equityAverage
Around the average of companies in the same 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
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (1) | ||
MM Chief Executive Officer | Chief Executive Officer | 2024 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (2) | ||
MM Board of Directors | Board of Directors | 2026 |
SC Chairman | Chairman | 2026 |
Former (7)
NK Board of Directors | Board of Directors | 2024 – 2025 |
MN Chairman | Chairman | 2024 – 2024 |
CE Board of Directors | Board of Directors | 2024 – 2025 |
EA Chairman | Chairman | 2024 – 2024 |
HP Chairman | Chairman | 2024 – 2025 |
JH Chairman | Chairman | 2025 – 2026 |
BT Board of Directors | Board of Directors | 2024 – 2025 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 36% | 36% | 2025 | |
| Company | 21% | 21% | 2025 | |
| Company | 20% | 20% | 2025 | |
| Company | 13% | 13% | 2024 | |
| Company | 10% | 10% | 2024 | |
| Company | 2% | 2% | 2024 | |
| Company | 10% | 10% | 2024 |
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Company hierarchy
Cwh Holding As
Crust AS (this company)Board network connections
Board members of Crust AS also hold positions in 135 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Morten Nicklas Ormstrup | Chairman | 33 companiesMany roles |
| Eirik Austlid | Chairman | 33 companiesMany roles |
| Nils Kristoffer Gram | Board of Directors | 27 companiesMany roles |
| Bjørn Thomas Talen | Board of Directors | 16 companiesMany roles |
| Jostein Hjellegjerde | Chairman | 11 companiesMany roles |
| Magnus Moe Heide | Chief Executive Officer | 6 companiesMany roles |
| Hans Petter Aagaard Stub | Chairman | 6 companiesMany roles |
| Silje Christin Johansen | Chairman | 3 companies |
Frequently asked questions
What is the Org number of Crust AS?
Crust AS is registered with Brønnøysundsregistrene under Org 933746097.
What is the revenue of Crust AS?
Crust AS reported revenue of NOK 2.4m in 2025.
How many employees does Crust AS have?
Crust AS employs 47 people as of the latest annual report.
Who is the CEO of Crust AS?
Magnus Moe Heide is the CEO of Crust AS.
Who is the chairman of Crust AS?
Silje Christin Johansen chairs the board of Crust AS, in role since 2026.
Where is Crust AS headquartered?
Crust AS's registered address is Olaf Helsets Vei 6.