GT Development AS
Not financial advice. The index, rank, signals and advice are rule-based indications from the latest filed annual accounts. They are not a credit rating, an assessment of management or a recommendation to buy, sell or do business with the company. Read more
Score · fiscal year 2024
Not enough data: Revenue not reported
Based on the annual accounts for 2024
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating margin | – | 24.3% |
| Profit margin | – | 24.7% |
| Return on assets | 48.6% | 15.4% |
| Equity ratio | 99.3% | 58.2% |
| Debt-to-equity | 0.01 | 0.63 |
| Current ratio | 222.68 | 2.03 |
| Revenue growth | – | 14.8% |
The median and “ahead of” refer to companies in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
Score over time
Score over time needs at least two fiscal years with a score. It will appear when next year's figures are fetched or history is imported.
What the numbers say
GT Development AS had an equity ratio of 99.3% in 2024. The company is not ranked: revenue not reported.
From 2023 to 2024: went from a loss to a profit before tax.
This text is generated automatically from the 2024 accounts.
Three simple methods
The methods give between 2 MNOK and 4 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 12.3 | 4 MNOK |
| EV/EBIT | – | not used in the sector |
| P/B | 1.2 | 2 MNOK |
The listed basis is the value at listed multiples. The estimate is lowered for size: a small-company premium of 4% on the cost of equity gives a value 38% lower. No separate marketability discount is applied, because the premium already allows for the company being small and unlisted.
The NACE code has no listed industry of its own in the table, so the multiples are the sector median: Bank (Money Center), Banks (Regional), Insurance (General), Investments & Asset Management, Financial Svcs. (Non-bank & Insurance).
Not financial advice. The value range is a rough model estimate from listed-company multiples, not a valuation, a price target or a price offer. The actual value may differ greatly. Read more
A mechanical estimate from public accounts, not advice. A mechanical estimate from public accounts with listed multiples and fixed adjustments. Not a valuation and not advice to buy or sell. See the calculation
Worth a closer look
No rules were triggered for this year.
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were −3,365.5% of the debt in 2024. The policy rate averaged 4.50 % the same year. This is a plain description of what the debt cost, not a model of interest sensitivity.
See interest rates, prices and exchange rates for the sector
Data quality
- watch Revenue not reported
Scenario analysis: the sector's weakest year
We have no accounts for 2026, the sector's weakest year, for this company.
The sector's weakest year was 2026, with a median operating margin of −13.5%. Based on the 6 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
Questions and answers
How profitable is GT Development AS?
The operating margin was – in 2024, against a median of 24.3% among companies in the same sector. Return on assets was 48.6%.
How solid is GT Development AS?
The equity ratio was 99.3% in 2024 (median 58.2%). Debt-to-equity was 0.01 (median 0.63).
What is the liquidity of GT Development AS like?
The current ratio was 222.68 in 2024 (median 2.03).
From the Central Coordinating Register
- Org. no.
- 912812901
- Legal form
- AS
- Sector
- Finans og forsikring (64.323)
- Employees
- 0–4 (not registered)
- Founded
- 30 September 2013 13 years in operation
- Share capital
- 0.04 MNOK
- Business address
- c/o Jan Tore Tveranger, Garnestona 2, 5264 GARNES (BERGEN)
- Municipality
- Bergen rank 8 of 11 in KOSTRA group 12
- Audit
- Audit opted out from 30 November 2013
- Latest accounts filed
- 2025
- LEI
- 636700WB9BJBGNAUK439 renews 16 January 2027
Source: Central Coordinating Register, Brønnøysund Register Centre. The employee count is reported by the company and may be older than the accounts. See the company at the Brønnøysund Register Centre
Ownership and roles
Loading roles …
Source: Central Coordinating Register, fetched 2 November 2026. Only names are shown.
- Parent company
- No parent company: owned by persons
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 31 October 2026. The parent is the one the company itself reported to GLEIF.
Shareholders (2025)
- Number of shareholders
- 1 (one owner)
- Largest owner
- 100.0%
- Split
- companies 0% · private persons 100% · foreign 0%
- Owned from the same municipality
- 100%
- Group chain
- Ultimate owner: private person
The company is new in the shareholder register in 2025.
Holds shares in: Entech Solutions AS (17%)
Source: the Norwegian Tax Administration's shareholder register as of 2025. Figures may be older than today's ownership. Private persons are not shown by name.
Error in the data?
Do you see an error in the figures or in how the company is mapped (sector, holding, group)? Let us know. Corrections require documentation.
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Figures last fetched 30 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | – | – | – | |
| Rank | – | – | – | |
| Operating margin | – | – | – | |
| Return on assets | 5.0% | 48.6% | – | |
| Equity ratio | 100.0% | 99.3% | 99.1% | |
| Current ratio | – | 222.68 | 67.59 | |
| Revenue growth | – | – | – |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | – | – | – |
| Operating profit | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Profit before tax | −0.4 MNOK | 1.5 MNOK | – |
| Tax expense | – | 0.0 MNOK | – |
| Net profit | −0.4 MNOK | 1.5 MNOK | 0.5 MNOK |
| Financial expenses | 0.5 MNOK | −0.5 MNOK | – |
| Total assets | 1.5 MNOK | 2.1 MNOK | 1.6 MNOK |
| Current assets | 0.1 MNOK | 0.4 MNOK | 1.0 MNOK |
| Equity | 1.5 MNOK | 2.1 MNOK | 1.6 MNOK |
| Retained earnings | 1.5 MNOK | 2.1 MNOK | 1.6 MNOK |
| Total liabilities | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Current liabilities | – | 0.0 MNOK | 0.0 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 30 October 2026, accounts id 5798769.