Credokirken
FLIActiveOrg 970969632Øvre Kråkenes 49, 5152 BønesActivities of religious organisations· NACE 9491Est. 1995 · 31 years old31 employeeshttps://www.credokirken.no
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Overview
Credokirken is a Norwegian FLI based in Bønes, operating in the Activities of religious organisations sector. Incorporated in 1995, the company has 31 employees and reported revenue of NOK 16.2m in its latest annual filing.
Revenue 2025
16.2M NOK
+9% vs 2024
EBITDA margin
−31.4 %
−42% vs 2024
Net profit 2025
0.1M NOK
-76% vs 2024
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
95.6 %
StrongAmong the 30% highest rated companies in the industry
20212025
Liquidity ratioCurrent assets ÷ Short-term debt
1.1×
WeakAmong the 30% lowest rated companies in the industry
20212025
Return on assets (ROA)Net profit ÷ Total assets × 100
0.1 %
WeakAmong the 40% lowest rated companies in the industry
20212025
EBITDA — year on year
NOK thousandsKey figures
Annual report 2025| Revenue | 16.2M NOK | +9% |
| EBITDA | -5.1M NOK | -42% |
| Net profit | 0.1M NOK | -76% |
| Total assets | 105.3M NOK | 0% |
| Equity | 100.6M NOK | 0% |
| Employees | 31 | — |
Company information
Legal name
CREDOKIRKEN
Org number
970969632
Legal form
Forening/Lag/Innretning
NACE code
Founded
12 March 1995 · 31 years
Share capital
—
Employees
31 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2025-12-31
Financial year
January – December
Signatory rights
To styremedlemmer i fellesskap eller daglig leder og ett styremedlem i fellesskap.
Company purpose
Forkynne evangeliet om jesus kristus lokalt, nasjonalt og internasjonalt. Oppdraget retter seg mot alle generasjoner og ulike kulturer. Menigheten vil også aktivt satse på eller bistå i nødhjelps- og utviklingsprosjekter for å hjelpe fattige og nødlidende. Menigheten vil også oppmuntre medlemmene til et samfunnsengasjement innen ulike områder. Menigheten vil være delaktig i skolevirksomhet. Frivillig arbeid er en sentral del av menighetens virksomhet.
(no translation available)
Contact
Address
Øvre Kråkenes 49, 5152 Bønes
Website
https://www.credokirken.no
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), Credokirken reported revenue of NOK 16.2m, an increase of 9% 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 143.2k, and the EBITDA margin stood at -31.4%.
At the end of 2025, equity financed 95.6% of the balance sheet, and current assets covered short-term debt 1.1 times.
Financials
Revenue
NOK millionsEBITDA
NOK thousandsIncome statement
NOK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 16,179 | 14,845 | 13,595 | 13,784 | 11,579 |
| Staff expenses | -9,275 | -7,958 | -7,911 | -6,810 | -6,372 |
| EBITDA | -5,083 | -3,588 | -3,630 | -3,018 | -2,582 |
| Depreciation & amort. | -72 | -312 | -153 | -106 | -121 |
| EBIT | -5,155 | -3,900 | -3,784 | -3,124 | -2,703 |
| Net financials | 5,268 | 4,485 | 4,083 | 3,308 | 2,709 |
| Profit before tax | 113 | 585 | 299 | 183 | 7 |
| Tax | -31 | -5 | -7 | -16 | -25 |
| Net profit | 143 | 591 | 306 | 199 | 32 |
Balance sheet
NOK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total assets | 105,266 | 105,382 | 104,682 | 104,189 | 101,982 |
| Equity | 100,586 | 100,603 | 100,013 | 99,706 | 99,507 |
| Long-term debt | 0 | 195 | 241 | 299 | 373 |
| Short-term debt | 4,524 | 4,583 | 4,429 | 4,184 | 2,102 |
| Total debt | 4,680 | 4,778 | 4,669 | 4,483 | 2,475 |
Financial ratios
5-year trendEBITDA margin
-31.4 %
20212025
Equity ratio
95.6 %
StrongAmong the 30% highest rated companies in the industry
20212025
Return on equity
0.1 %
WeakAmong the 40% lowest rated companies in the industry
20212025
Net profit margin
0.9 %
WeakAmong the 40% lowest rated companies in the industry
20212025
Asset turnover
0.15×
WeakAmong the 40% lowest rated companies in the industry
20212025
Debt / equity
0.05×
Very strongAmong the 20% highest rated companies in the industry
20212025
Sector performance
25 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Gross marginWeak
Among the 30% 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 marginVery weak
Among the 10% lowest 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 marginWeak
Among the 40% lowest 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)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)Weak
Among the 40% lowest 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)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)Weak
Among the 30% lowest rated companies in the industry
EBIT relative to total assets — the company's earning power before the effects of tax and financial leverage.
Capacity ratioWeak
Among the 30% lowest 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 ratioWeak
Among the 40% 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 strong
Among the 10% highest 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 20% 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 weak
Among the 10% lowest 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 30% 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 ratioVery strong
Among the 20% 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 equityVery strong
Among the 20% 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 30% 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 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 debtVery weak
Among the 10% lowest 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 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.
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 turnoverWeak
Among the 40% lowest rated companies in the industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
One-year change in equityWeak
Among the 40% lowest rated companies in the industry
The size of this year's increase or decrease in the company's equity.
One-year change in debtAverage
Around the average of companies in the same 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.
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.
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 (1) | ||
RO Chief Executive Officer | Chief Executive Officer | 2019 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (6) | ||
IM Chairman | Chairman | 2026 |
GE Board of Directors | Board of Directors | 2026 |
RO Board of Directors | Board of Directors | 2020 |
HC Board of Directors | Board of Directors | 2021 |
OR Board of Directors | Board of Directors | 2020 |
MG Board of Directors | Board of Directors | 2024 |
Former (5)
ME Board of Directors | Board of Directors | 2020 – 2025 |
EB Board of Directors | Board of Directors | 2020 – 2021 |
KH Board of Directors | Board of Directors | 2021 – 2024 |
HH Chairman | Chairman | 2020 – 2026 |
SU Board of Directors | Board of Directors | 2020 – 2021 |
Shareholders
Active legal ownersNo shareholder data available.
Related companies
Company hierarchy
Credokirken (this company)
Credo Holding As100% ownedCredobygget Stord AS100% ownedCredoservice AS100% ownedCredohuset AS100% ownedNaturbasen Barnehage AS100% ownedBoard network connections
Board members of Credokirken also hold positions in 63 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Elisabeth Brenno Mikkelsen | Board of Directors | 15 companiesMany roles |
| Roy Oddvar Eide | Chief Executive Officer | 14 companiesMany roles |
| Hans Christen Salvesen | Board of Directors | 8 companiesMany roles |
| Olav Rønhovde | Board of Directors | 5 companies |
| Kristine Harila Kolden | Board of Directors | 5 companies |
| Stein Undheim | Board of Directors | 4 companies |
| Inga-Marit Morstøl Folgerø | Chairman | 3 companies |
| Gerd Elin Halhjem | Board of Directors | 3 companies |
| Mariann Gabrielsen | Board of Directors | 3 companies |
| Helge Høgberg | Chairman | 2 companies |
| Marit Eikeskog | Board of Directors | 1 company |
Frequently asked questions
What is the Org number of Credokirken?
Credokirken is registered with Brønnøysundsregistrene under Org 970969632.
What is the revenue of Credokirken?
Credokirken reported revenue of NOK 16.2m in 2025.
How many employees does Credokirken have?
Credokirken employs 31 people as of the latest annual report.
Who is the CEO of Credokirken?
Roy Oddvar Eide is the CEO of Credokirken, in role since 2019.
Who is the chairman of Credokirken?
Inga-Marit Morstøl Folgerø chairs the board of Credokirken, in role since 2026.
Where is Credokirken headquartered?
Credokirken's registered address is Øvre Kråkenes 49.