Cinclus AS
ASActiveOrg 989749757Hieronymus Heyerdahls Gate 1, 0160 OsloEconomic activity was not specified by tax authority· NACE 0000Est. 2006 · 20 years old0 employeeshttps://www.uio.no
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Overview
Cinclus AS is a Norwegian AS based in Oslo, operating in the Economic activity was not specified by tax authority sector. Incorporated in 2006, the company has 0 employees and reported revenue of NOK 0 in its latest annual filing.
Revenue 2025
0K NOK
EBITDA margin
—
Net profit 2025
33.9K NOK
+103% vs 2024
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
-46.9 %
Very weakAmong the 10% lowest rated companies in the industry
20212025
Liquidity ratioCurrent assets ÷ Short-term debt
0.7×
WeakAmong the 30% lowest rated companies in the industry
20212025
Return on assets (ROA)Net profit ÷ Total assets × 100
21.5 %
Very strongAmong the 20% highest rated companies in the industry
20212025
EBITDA — year on year
NOK millionsKey figures
Annual report 2025| Revenue | 0K NOK | — |
| EBITDA | 49.7K NOK | +100% |
| Net profit | 33.9K NOK | +103% |
| Total assets | 157.4K NOK | +280% |
| Equity | -73.8K NOK | +96% |
| Employees | 0 | — |
Company information
Legal name
CINCLUS AS
Org number
989749757
Legal form
Aksjeselskap
NACE code
Founded
4 April 2006 · 20 years
Share capital
NOK 6,160,000
Employees
0 (FTE)
VAT registered
No
Audit selected
No
Last report
2025-12-31
Financial year
January – December
Signatory rights
Daglig leder og styrets leder i fellesskap.
Company purpose
Å foreta lønnsomme investeringer i selskaper med stort potensial, enten dette er som følge av vekst, restrukturering eller annet, ta aktiv del i utviklingen av disse selskapene og deretter realisere investeringene med størst mulig gevinst.
(no translation available)
Contact
Address
Hieronymus Heyerdahls Gate 1, 0160 Oslo
Email
forskningsredaksjon@admin.uio.no
Website
https://www.uio.no
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Financial development
In its most recent annual report (2025), Cinclus AS reported revenue of NOK 0, a decrease of 100% 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 33.9k.
At the end of 2025, current assets covered short-term debt 0.7 times.
Financials
Revenue
NOK millionsEBITDA
NOK millionsIncome statement
NOK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 0 | 35,273 | 39,847 | 0 | 0 |
| Staff expenses | -0 | -0 | -0 | -0 | -0 |
| EBITDA | 50 | -35,629 | -40,367 | -661 | -681 |
| Depreciation & amort. | -0 | -4,000 | -1,197 | -0 | -0 |
| EBIT | 50 | -39,629 | -41,564 | -661 | -681 |
| Net financials | -16 | 38,374 | 36,228 | 1,361 | -842 |
| Profit before tax | 34 | -1,254 | -5,336 | 700 | -1,522 |
| Tax | -0 | -0 | -0 | -0 | -0 |
| Net profit | 34 | -1,254 | -5,336 | 700 | -1,522 |
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Balance sheet
NOK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total assets | 157 | 41 | 39,298 | 104,994 | 115,043 |
| Equity | -74 | -2,054 | -799 | 4,537 | -771 |
| Long-term debt | 0 | 1,744 | 39,918 | 100,334 | 115,619 |
| Short-term debt | 231 | 351 | 179 | 124 | 195 |
| Total debt | 231 | 2,095 | 40,097 | 100,458 | 115,814 |
Financial ratios
5-year trendEBITDA margin
>999 %
20212025
Equity ratio
-46.9 %
Very weakAmong the 10% lowest rated companies in the industry
20212025
Return on equity
—
20212025
Net profit margin
>999 %
20212025
Asset turnover
0.00×
Very weakAmong the 10% lowest rated companies in the industry
20212025
Debt / equity
—
20212025
Sector performance
16 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
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.
Basic earning power (BEP)Very strong
Among the 10% highest rated companies in the industry
EBIT relative to total assets — the company's earning power before the effects of tax and financial leverage.
Gross marginNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
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 marginNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
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 marginNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
The profit for the year as a share of revenue — the company's ability to turn revenue into profit.
Return on equity (ROE)Not rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Net profit as a percentage of equity — the return the owners earned on their invested capital this year.
Return on net assets (RONA)Not rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Profit relative to net assets (total assets minus total debt) — the ability to generate earnings from the net asset base alone.
Capacity ratioNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
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 30% 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.
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.
Current assets to equityNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
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 capitalNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
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.
Debt & solvency
Solidity ratioVery weak
Among the 10% 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 10% 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.
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 debtVery strong
Among the 10% highest rated companies in the industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest coverageVery strong
Among the 10% highest rated companies in the 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 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.
Debt to equityNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.
Liabilities to equityNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.
Efficiency & development
Asset turnoverVery weak
Among the 10% lowest rated companies in the industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
Equity to contributed capitalVery weak
Among the 20% lowest 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 debtVery strong
Among the 10% 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.
One-year change in equityNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
The size of this year's increase or decrease in the company's equity.
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 |
|---|
Former (1)
SP Chief Executive Officer | Chief Executive Officer | 2006 – 2026 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (1) | ||
SP Chairman | Chairman | 2026 |
Former (3)
JA Chairman | Chairman | 2014 – 2025 |
JK Board of Directors | Board of Directors | 2014 – 2024 |
JA Board of Directors | Board of Directors | 2024 – 2025 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 30% | 30% | 2022 | |
| Company | 25% | 25% | 2020 | |
| Company | 15% | 15% | 2022 | |
| Company | 15% | 15% | 2023 | |
| Company | 15% | 15% | 2023 | |
| Company | 7.91% | 7.91% | 2022 | |
| Company | 7.36% | 7.36% | 2022 |
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Company hierarchy
Camar As14.9988%Møkster Investering As14.9988%Hekrima As30.0016%Juleni As25%Kaccao As15.0008%Endury Holding As7.36%
Cinclus AS (this company)Board network connections
Board members of Cinclus AS also hold positions in 51 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Sven Petter Omdal | Chief Executive Officer | 18 companiesMany roles |
| John Arild Ertvaag | Chairman | 14 companiesMany roles |
| Joachim Andreas Indseth Modahl | Board of Directors | 12 companiesMany roles |
| Jan Kristen Wilborn | Board of Directors | 7 companiesMany roles |
Frequently asked questions
What is the Org number of Cinclus AS?
Cinclus AS is registered with Brønnøysundsregistrene under Org 989749757.
Who is the chairman of Cinclus AS?
Sven Petter Omdal chairs the board of Cinclus AS, in role since 2026.
Where is Cinclus AS headquartered?
Cinclus AS's registered address is Hieronymus Heyerdahls Gate 1.