Cover Group AS
ASActiveOrg 934111621Vinkelveien 18, 3300 HokksundOther specialised construction activities n.e.c.· NACE 4399Est. 2024 · 2 years old106 employees
Loading company…
Overview
Cover Group AS is a Norwegian AS based in Hokksund, operating in the Other specialised construction activities n.e.c. sector. Incorporated in 2024, the company has 106 employees and reported revenue of NOK 36.1m in its latest annual filing.
Revenue 2025
36.1M NOK
+48% vs 2024
EBITDA margin
10.3 %
+89% vs 2024
Net profit 2025
2.7M NOK
+97% vs 2024
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
4.1 %
WeakAmong the 30% lowest rated companies in the industry
20242025
Liquidity ratioCurrent assets ÷ Short-term debt
1.0×
WeakAmong the 30% lowest rated companies in the industry
20242025
Return on assets (ROA)Net profit ÷ Total assets × 100
21.3 %
Very strongAmong the 20% highest rated companies in the industry
20242025
EBITDA — year on year
NOK thousandsKey figures
Annual report 2025| Revenue | 36.1M NOK | +48% |
| EBITDA | 3.7M NOK | +89% |
| Net profit | 2.7M NOK | +97% |
| Total assets | 12.7M NOK | +66% |
| Equity | 0.5M NOK | -36% |
| Employees | 106 | — |
Company information
Legal name
COVER GROUP AS
Org number
934111621
Legal form
Aksjeselskap
NACE code
Founded
21 August 2024 · 2 years
Share capital
NOK 30,000
Employees
106 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2025-12-31
Financial year
January – December
Company purpose
Konsulentvirksomhet i byggebransjen, kjøp og salg av securiplast og andre byggevarer, samt alt som naturlig faller sammen med dette. Selskapet kan delta i andre selskaper med lignende virksomhet. Selskapet kan også utvikle andre forretningsområder.
(no translation available)
Address
Vinkelveien 18, 3300 Hokksund
Risika for professionals
Risika provides regulated workflow tools for finance, procurement and compliance teams that need monitoring, alerts and an API.
Financial development
In its most recent annual report (2025), Cover Group AS reported revenue of NOK 36.1m, an increase of 48% 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 2.7m, and the EBITDA margin stood at 10.3%.
At the end of 2025, equity financed 4.1% of the balance sheet, and current assets covered short-term debt 1 times.
Financials
Revenue
NOK millionsEBITDA
NOK thousandsIncome statement
NOK thousands| Item | 2025 | 2024 |
|---|---|---|
| Revenue | 36,082 | 24,386 |
| Staff expenses | -27,876 | -18,936 |
| EBITDA | 3,734 | 1,976 |
| Depreciation & amort. | -245 | -189 |
| EBIT | 3,489 | 1,787 |
| Net financials | -6 | -21 |
| Profit before tax | 3,484 | 1,765 |
| Tax | 772 | 389 |
| Net profit | 2,712 | 1,377 |
Get a credit rating – not just the numbers
Financial statements show the past. Risika gives you a score and a recommended credit limit, so you know what the numbers mean for your risk.
Balance sheet
NOK thousands| Item | 2025 | 2024 |
|---|---|---|
| Total assets | 12,728 | 7,666 |
| Equity | 518 | 807 |
| Long-term debt | 0 | 1,112 |
| Short-term debt | 12,209 | 5,747 |
| Total debt | 12,210 | 6,860 |
Financial ratios
5-year trendEBITDA margin
10.3 %
20242025
Equity ratio
4.1 %
WeakAmong the 30% lowest rated companies in the industry
20242025
Return on equity
523.1 %
Very strongAmong the 10% highest rated companies in the industry
20242025
Net profit margin
7.5 %
StrongAmong the 40% highest rated companies in the industry
20242025
Asset turnover
2.83×
StrongAmong the 30% highest rated companies in the industry
20242025
Debt / equity
23.55×
Very weakAmong the 10% 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 marginVery strong
Among the 20% 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 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)Very strong
Among the 10% 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 20% 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 10% 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 20% 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 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 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 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 equityVery weak
Among the 10% 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 capitalVery weak
Among the 10% 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 ratioWeak
Among the 30% 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 30% 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 10% 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 10% 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 debtStrong
Among the 40% highest rated companies in the 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 coverageStrong
Among the 30% highest 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 strong
Among the 20% 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.
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 capitalStrong
Among the 40% highest 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 20% 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 |
|---|
Former (3)
KM Chief Executive Officer | Chief Executive Officer | 2025 – 2025 |
AZ Contact Person | Contact Person | 2025 – 2026 |
AC Chief Executive Officer | Chief Executive Officer | 2024 – 2025 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (2) | ||
KM Board of Directors | Board of Directors | 2024 |
JB Chairman | Chairman | 2025 |
Former (1)
AC Chairman | Chairman | 2024 – 2025 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 50% | 50% | 2025 | |
| Company | 50% | 50% | 2025 | |
| Company | 100% | 100% | 2024 |
One in three Danish companies experiences fraud
Sound familiar? See how to strengthen your defences and catch suspicious changes in ownership and management in time.
Related companies
Company hierarchy
Karol Cg As
Cover Group AS Board network connections
Board members of Cover Group AS also hold positions in 15 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Angelique Cecilie Luce Mauffrey | Chief Executive Officer | 9 companiesMany roles |
| Karol Michal Korycki | Chief Executive Officer | 3 companies |
| Jakub Burski | Chairman | 3 companies |
Frequently asked questions
What is the Org number of Cover Group AS?
Cover Group AS is registered with Brønnøysundsregistrene under Org 934111621.
What is the revenue of Cover Group AS?
Cover Group AS reported revenue of NOK 36.1m in 2025.
How many employees does Cover Group AS have?
Cover Group AS employs 106 people as of the latest annual report.
Who is the chairman of Cover Group AS?
Jakub Burski chairs the board of Cover Group AS, in role since 2025.
Where is Cover Group AS headquartered?
Cover Group AS's registered address is Vinkelveien 18.