Cubera Private Equity AS
ASActiveOrg 98958035310. Etg. Haakon Viis Gate 2, 0161 OsloFund management activities· NACE 6630Est. 2006 · 20 years old23 employeeshttps://cubera.no
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Overview
Cubera Private Equity AS is a Norwegian AS based in Oslo, operating in the Fund management activities sector. Incorporated in 2006, the company has 23 employees and reported revenue of NOK 166.0m in its latest annual filing.
Revenue 2025
166M NOK
−5% vs 2024
EBITDA margin
37.1 %
−30% vs 2024
Net profit 2025
119.6M NOK
+1% vs 2024
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
8.3 %
Very weakAmong the 20% lowest rated companies in the industry
20212025
Liquidity ratioCurrent assets ÷ Short-term debt
1.0×
Very weakAmong the 20% lowest rated companies in the industry
20212025
Return on assets (ROA)Net profit ÷ Total assets × 100
47.6 %
Very strongAmong the 10% highest rated companies in the industry
20212025
EBITDA — year on year
NOK millionsKey figures
Annual report 2025| Revenue | 166M NOK | -5% |
| EBITDA | 61.7M NOK | -30% |
| Net profit | 119.6M NOK | +1% |
| Total assets | 251.1M NOK | -6% |
| Equity | 20.8M NOK | +33% |
| Employees | 23 | — |
Company information
Legal name
CUBERA PRIVATE EQUITY AS
Org number
989580353
Legal form
Aksjeselskap
NACE code
6630 · Fund management activities
Founded
1 March 2006 · 20 years
Share capital
NOK 68,470
Employees
23 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2025-12-31
Financial year
January – December
Signatory rights
To styremedlemmer i fellesskap. Styrets leder alene.
Company purpose
Å være forvalter for alternative investeringsfond, yte rådgivning vedrørende investeringer i virksomheter som ikke er notert på børs samt fond og investeringsselskaper som investerer i slike virksomheter, generell rådgivning innenfor investeringsvirksomhet samt investeringer i noterte og unoterte verdipapirer, andre investeringsselskaper og investeringsfond.
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Contact
Address
10. Etg. Haakon Viis Gate 2, 0161 Oslo
Phone
+47 97 08 86 65
Email
info@cubera.no
Website
https://cubera.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), Cubera Private Equity AS reported revenue of NOK 166.0m, a decrease of 5% 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 119.6m, and the EBITDA margin stood at 37.1%.
At the end of 2025, equity financed 8.3% of the balance sheet, and current assets covered short-term debt 1 times.
Financials
Revenue
NOK millionsEBITDA
NOK millionsIncome statement
NOK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 166,021 | 173,913 | 108,601 | 100,908 | 94,166 |
| Staff expenses | -61,318 | -50,863 | -53,733 | -42,501 | -31,534 |
| EBITDA | 61,666 | 88,525 | 25,781 | 36,171 | 50,445 |
| Depreciation & amort. | -339 | -380 | -436 | -439 | -554 |
| EBIT | 61,327 | 88,145 | 25,345 | 35,731 | 49,890 |
| Net financials | 76,096 | 54,605 | 51,147 | 32,696 | 40,321 |
| Profit before tax | 137,423 | 142,750 | 76,492 | 68,427 | 90,212 |
| Tax | 17,807 | 23,937 | 7,498 | 8,671 | 12,844 |
| Net profit | 119,616 | 118,813 | 68,994 | 59,756 | 77,367 |
Balance sheet
NOK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total assets | 251,063 | 267,950 | 179,636 | 156,440 | 181,749 |
| Equity | 20,830 | 15,633 | 15,321 | 14,897 | 12,333 |
| Long-term debt | 0 | 0 | 0 | 0 | 0 |
| Short-term debt | 230,193 | 252,246 | 164,244 | 141,429 | 166,193 |
| Total debt | 230,193 | 252,246 | 164,244 | 141,429 | 166,193 |
Financial ratios
5-year trendEBITDA margin
37.1 %
20212025
Equity ratio
8.3 %
Very weakAmong the 20% lowest rated companies in the industry
20212025
Return on equity
574.2 %
Very strongAmong the 10% highest rated companies in the industry
20212025
Net profit margin
72.0 %
Very strongAmong the 20% highest rated companies in the industry
20212025
Asset turnover
0.66×
AverageAround the average of companies in the same industry
20212025
Debt / equity
11.05×
Very weakAmong the 20% lowest rated companies in the industry
20212025
Sector performance
27 of 28 ratios graded28 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 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 marginVery strong
Among the 20% 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 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 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)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 ratioVery strong
Among the 20% 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 ratioVery weak
Among the 20% 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 ratioVery weak
Among the 20% 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 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 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 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 ratioWeak
Among the 40% lowest rated companies in the industry
Cash flow relative to profit — the ability to convert reported profits into accessible cash.
Debt & solvency
Solidity ratioVery weak
Among the 20% 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 ratioVery weak
Among the 20% 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 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 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 40% 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 turnoverAverage
Around the average of companies in the same industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
Equity to contributed capitalVery strong
Among the 10% 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 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 debtStrong
Among the 30% highest 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
- 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) | ||
RT Chief Executive Officer | Chief Executive Officer | 2022 |
Former (2)
KB Chief Executive Officer | Chief Executive Officer | 2018 – 2022 |
RB Chief Executive Officer | Chief Executive Officer | 2022 – 2022 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (5) | ||
DN Board of Directors | Board of Directors | 2019 |
AB Board of Directors | Board of Directors | 2019 |
SR Board of Directors | Board of Directors | 2025 |
AH Board of Directors | Board of Directors | 2025 |
JE Chairman | Chairman | 2019 |
Former (2)
JK Board of Directors | Board of Directors | 2019 – 2024 |
VM Board of Directors | Board of Directors | 2019 – 2024 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 100% | 100% | 2020 |
Related companies
Company hierarchy
Folketrygdfondet10.9571%
Storebrand Asa100%
Cubera Private Equity AS (this company)CSV 2020 AS33% ownedCSV 2021 AS20% ownedCSV 2023 AS21.741% ownedCpe Iv AS20% ownedCSV 2025 AS20% ownedCSV Ix AS26.333% ownedCpe V AS20% ownedCSV X AS30.041% ownedCubera Collection AS6.4033% ownedCSV Impact i AS20% ownedCSV 2024 AS21% ownedCSV 2026 AS20% ownedCSV 2022 AS20% ownedBoard network connections
Board members of Cubera Private Equity AS also hold positions in 110 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Kine Burøy-Olsen | Chief Executive Officer | 24 companiesMany roles |
| Dagfin Norum | Board of Directors | 24 companiesMany roles |
| Jørgen Kjærnes | Board of Directors | 24 companiesMany roles |
| Anne-Kristine Baltzersen | Board of Directors | 21 companiesMany roles |
| Jan Erik Saugestad | Chairman | 10 companiesMany roles |
| Reidun Tysseland | Chief Executive Officer | 4 companies |
| Viveka Marianne Ekberg | Board of Directors | 2 companies |
| Rasmus Bertram | Chief Executive Officer | 1 company |
Frequently asked questions
What is the Org number of Cubera Private Equity AS?
Cubera Private Equity AS is registered with Brønnøysundsregistrene under Org 989580353.
What is the revenue of Cubera Private Equity AS?
Cubera Private Equity AS reported revenue of NOK 166.0m in 2025.
How many employees does Cubera Private Equity AS have?
Cubera Private Equity AS employs 23 people as of the latest annual report.
Who is the CEO of Cubera Private Equity AS?
Reidun Tysseland is the CEO of Cubera Private Equity AS, in role since 2022.
Who is the chairman of Cubera Private Equity AS?
Jan Erik Saugestad chairs the board of Cubera Private Equity AS, in role since 2019.
Where is Cubera Private Equity AS headquartered?
Cubera Private Equity AS's registered address is 10. Etg. Haakon Viis Gate 2.