Cencom AS
ASActiveOrg 953151553Spireaveien 18, 0580 OsloComputer programming activities· NACE 6210Est. 1989 · 37 years old17 employeeshttps://www.cencom.no
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Overview
Cencom AS is a Norwegian AS based in Oslo, operating in the Computer programming activities sector. Incorporated in 1989, the company has 17 employees and reported revenue of NOK 90.0m in its latest annual filing.
Revenue 2025
90M NOK
+11% vs 2024
EBITDA margin
6.9 %
+225% vs 2024
Net profit 2025
6.1M NOK
+105% vs 2024
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
63.5 %
AverageAround the average of companies in the same industry
20212025
Liquidity ratioCurrent assets ÷ Short-term debt
2.0×
AverageAround the average of companies in the same industry
20212025
Return on assets (ROA)Net profit ÷ Total assets × 100
14.5 %
StrongAmong the 30% highest rated companies in the industry
20212025
EBITDA — year on year
NOK thousandsKey figures
Annual report 2025| Revenue | 90M NOK | +11% |
| EBITDA | 6.2M NOK | +225% |
| Net profit | 6.1M NOK | +105% |
| Total assets | 41.8M NOK | -36% |
| Equity | 26.6M NOK | +30% |
| Employees | 17 | — |
Company information
Legal name
CENCOM AS
Org number
953151553
Legal form
Aksjeselskap
NACE code
Founded
1 September 1989 · 37 years
Share capital
NOK 7,368,000
Employees
17 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2025-12-31
Financial year
January – December
Signatory rights
Styrets leder og ett styremedlem i fellesskap. Daglig leder og styrets leder i fellesskap. Daglig leder og ett styremedlem i fellesskap.
Company purpose
Utvikling, produksjon, salg og service innen data og alt som står i forbindelse med dette. Selskapets formål skal også være kjøp og salg av varer og tjenester, og alt som hører sammen med dette herunder aksjetegning, samt deltakelse i andre selskaper med lignende formål. Selskapet skal primært innrette sin virksomhet mot å dekke taxinæringens og dets medlemmers behov for varer og tjenester.
(no translation available)
Contact
Address
Spireaveien 18, 0580 Oslo
Website
https://www.cencom.no
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Financial development
In its most recent annual report (2025), Cencom AS reported revenue of NOK 90.0m, an increase of 11% on the year before. The figures on this page draw on 5 annual filings covering 2021 to 2025. The bottom line showed a net profit of NOK 6.1m, and the EBITDA margin stood at 6.9%.
At the end of 2025, equity financed 63.5% of the balance sheet, and current assets covered short-term debt 2 times.
Financials
Revenue
NOK millionsEBITDA
NOK thousandsIncome statement
NOK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 90,039 | 81,349 | 76,764 | 68,538 | 57,577 |
| Staff expenses | -20,252 | -20,965 | -18,995 | -17,990 | -14,612 |
| EBITDA | 6,168 | 1,895 | 3,438 | 3,804 | 5,019 |
| Depreciation & amort. | -735 | -686 | -534 | -366 | -252 |
| EBIT | 5,433 | 1,210 | 2,904 | 3,438 | 4,767 |
| Net financials | 1,581 | 1,951 | 1,483 | 1,068 | 620 |
| Profit before tax | 7,013 | 3,161 | 4,387 | 4,507 | 5,387 |
| Tax | 952 | 210 | 890 | 952 | 1,281 |
| Net profit | 6,061 | 2,950 | 3,497 | 3,554 | 4,105 |
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Balance sheet
NOK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total assets | 41,819 | 65,845 | 64,912 | 64,857 | 58,751 |
| Equity | 26,560 | 20,499 | 44,499 | 44,436 | 44,557 |
| Long-term debt | 0 | 0 | 1,667 | 2,687 | 4,103 |
| Short-term debt | 15,259 | 45,347 | 18,746 | 17,734 | 10,090 |
| Total debt | 15,259 | 45,347 | 20,413 | 20,421 | 14,194 |
Financial ratios
5-year trendEBITDA margin
6.9 %
20212025
Equity ratio
63.5 %
AverageAround the average of companies in the same industry
20212025
Return on equity
22.8 %
StrongAmong the 40% highest rated companies in the industry
20212025
Net profit margin
6.7 %
AverageAround the average of companies in the same industry
20212025
Asset turnover
2.15×
Very strongAmong the 20% highest rated companies in the industry
20212025
Debt / equity
0.57×
AverageAround the average of companies in the same industry
20212025
Sector performance
28 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Gross marginVery weak
Among the 10% 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)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 30% 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 ratioStrong
Among the 30% 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 ratioWeak
Among the 30% 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 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 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 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 ratioStrong
Among the 40% 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 equityAverage
Around the average of companies in the same industry
Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.
Liabilities to equityAverage
Around the average of companies in the same industry
Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.
Income to debtStrong
Among the 30% highest rated companies in the industry
Profit relative to debt — the ability to create earnings while operating with debt.
EBITDA to debtStrong
Among the 30% 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 marginStrong
Among the 40% 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 turnoverVery strong
Among the 20% highest rated companies in the industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
Inventory turnoverStrong
Among the 40% highest rated companies in the industry
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 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 equityStrong
Among the 30% highest rated companies in the industry
The size of this year's increase or decrease in the company's equity.
One-year change in debtVery strong
Among the 20% highest rated companies in the industry
The size of this year's increase or decrease in the company's debt.
Annual reports & filings
- Annual report 2025Filed via Brønnøysundsregistrene · Period 2025-01-01 – 2025-12-31
- Annual report 2024Filed via Brønnøysundsregistrene · Period 2024-01-01 – 2024-12-31
- Annual report 2023Filed via Brønnøysundsregistrene · Period 2023-01-01 – 2023-12-31
- Annual report 2022Filed via Brønnøysundsregistrene · Period 2022-01-01 – 2022-12-31
- Annual report 2021Filed via Brønnøysundsregistrene · Period 2021-01-01 – 2021-12-31
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (2) | ||
KO Chief Executive Officer | Chief Executive Officer | 2021 |
TA Deputy Member | Deputy Member | 2024 |
Former (3)
ET Chief Executive Officer | Chief Executive Officer | 2018 – 2021 |
RA Deputy Member | Deputy Member | 2022 – 2024 |
TU Deputy Member | Deputy Member | 2021 – 2022 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (5) | ||
AM Board of Directors | Board of Directors | 2026 |
RL Chairman | Chairman | 2021 |
SH Board of Directors | Board of Directors | 2021 |
SL Board of Directors | Board of Directors | 2024 |
EK Board of Directors | Board of Directors | 2026 |
Former (6)
SN Board of Directors | Board of Directors | 2022 – 2024 |
MS Board of Directors | Board of Directors | 2021 – 2021 |
RO Board of Directors | Board of Directors | 2021 – 2026 |
KO Deputy Chairman | Deputy Chairman | 2021 – 2021 |
OG Board of Directors | Board of Directors | 2021 – 2022 |
KH Chairman | Chairman | 2021 – 2021 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 88.34% | 88.34% | 2025 | |
| Company | 4.4% | 4.4% | 2025 | |
| Company | 2.22% | 2.22% | 2025 | |
| Company | 1.28% | 1.28% | 2020 |
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Company hierarchy
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Cencom AS (this company)Board network connections
Board members of Cencom AS also hold positions in 90 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Erik Karsten Horn | Board of Directors | 23 companiesMany roles |
| Rune Lian | Chairman | 22 companiesMany roles |
| Olav Grøholt | Board of Directors | 8 companiesMany roles |
| Snorre Luneng | Board of Directors | 8 companiesMany roles |
| Tom Arne Svendsen | Deputy Member | 6 companiesMany roles |
| Espen Thorsen | Chief Executive Officer | 5 companies |
| Kurt Ove Bratseth | Chief Executive Officer | 5 companies |
| Sajjad Hussain Naqvi | Board of Directors | 3 companies |
| Rafaqat Ali Awan | Deputy Member | 2 companies |
| Steinar Nilsen | Board of Directors | 2 companies |
| Amjad Munir | Board of Directors | 2 companies |
| Tom Ugstad | Deputy Member | 1 company |
| Mohammed Shakoor Riaz | Board of Directors | 1 company |
| Roar Olafsen | Board of Directors | 1 company |
| Kenneth Holm | Chairman | 1 company |
Frequently asked questions
What is the Org number of Cencom AS?
Cencom AS is registered with Brønnøysundsregistrene under Org 953151553.
What is the revenue of Cencom AS?
Cencom AS reported revenue of NOK 90.0m in 2025.
How many employees does Cencom AS have?
Cencom AS employs 17 people as of the latest annual report.
Who is the CEO of Cencom AS?
Kurt Ove Bratseth is the CEO of Cencom AS, in role since 2021.
Who is the chairman of Cencom AS?
Rune Lian chairs the board of Cencom AS, in role since 2021.
Where is Cencom AS headquartered?
Cencom AS's registered address is Spireaveien 18.