G-MAT RJUKAN AS
Accounts for 2025 are missing. The deadline was 31 July 2026. The Brønnøysund Register Centre does not publish when accounts arrived, only the latest year filed.
Score · fiscal year 2024
24of 100
How to read this: the company is ahead of 16 % of small companies in the same sector in 2024. What does this mean?
Rank: 31,700 of 37,180 · Handel
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 15 and solidity 0 out of 100 among small companies in the same sector in 2024. Methodology
Against the sector
G-MAT RJUKAN AS is 26 points below the median for small companies in the same sector in 2024.
Median score 50 among 34,777 companies.
Against small companies in the same sector in 2024: operating margin −6.2% (median 2.2%) and equity ratio −31.9% (median 38.4%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 37 MNOK | 4 MNOK |
| Operating margin | −6.2% | 2.2% |
| Profit margin | −7.3% | 2.0% |
| Return on assets | −44.4% | 3.7% |
| Equity ratio | −31.9% | 38.4% |
| Debt-to-equity | – | 0.97 |
| Current ratio | 1.60 | 1.68 |
| Revenue growth | 3.3% | 2.2% |
The median and “ahead of” refer to small companies in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
With an index of 24, G-MAT RJUKAN AS does better than 16% of small companies in the same sector (34,894 companies) in 2024.
Score 2022–2024
- G-MAT RJUKAN AS
- Median: small companies in the same sector
G-MAT RJUKAN AS has a score of 24 for 2024, rank 31,700 of 37,180 in the sector.
Strongest: Growth: percentile 53 against peers, revenue growth 3.3% against a median of 2.2%.
Weakest: Solidity: percentile 0 against peers, equity ratio −31.9% against a median of 38.4%. Profitability: percentile 15 against peers, operating margin −6.2% against a median of 2.2%.
Worth a closer look
- Equity is negative. How will it be rebuilt, and what do lenders and the auditor say about going concern? Based on: equity ratio −31.9% (median 38.4%).
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin −7.3% (median 2.0%).
- The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors? Based on: operating margin −6.2% (median 2.2%).
- What lies behind weak solidity, and will it last?
Written by fixed rules from the figures. Describes the figures, does not explain causes. Not investment or financial advice. How the summary is made
What the numbers say
G-MAT RJUKAN AS had an operating margin of −6.2% and an equity ratio of −31.9% in 2024, and ranks 31,700 of 37,180 in Handel.
From 2023 to 2024: the equity ratio fell from 13.7% to −31.9% and the operating margin fell from 0.6% to −6.2%.
This text is generated automatically from the 2024 accounts.
Three simple methods
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | not meaningful |
A mechanical estimate from public accounts, not advice. Mechanical estimate from public accounts with fixed multiples. Not a valuation and not advice to buy or sell. The multiples are provisional default values and must be adjusted per sector before the figures are used for anything. See the calculation
Worth a closer look
- critical
Equity is negative. How will it be rebuilt, and what do lenders and the auditor say about going concern?
Based on: Equity ratio −31.9% (median 38.4%).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −7.3% (median 2.0%).
- watch
The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors?
Based on: Operating margin −6.2% (median 2.2%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 6.0% 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.
Data quality
- critical Negative equity
Scenario analysis: the sector's weakest year
We have no accounts for 2017, the sector's weakest year, for this company.
The sector's weakest year was 2017, with a median operating margin of −65.6%. Based on the 11 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 15 | weight 30% |
|---|---|---|
| Solidity | 0 | weight 25% |
| Liquidity | 48 | weight 15% |
| Growth | 53 | weight 15% |
| Consistency | 30 | weight 15% |
Durability: 36 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is G-MAT RJUKAN AS?
The operating margin was −6.2% in 2024, against a median of 2.2% among small companies in the same sector. Return on assets was −44.4%. The company made a loss before tax.
How solid is G-MAT RJUKAN AS?
The equity ratio was −31.9% in 2024 (median 38.4%). Equity is negative, so liabilities exceed assets.
What is the liquidity of G-MAT RJUKAN AS like?
The current ratio was 1.60 in 2024 (median 1.68).
How does G-MAT RJUKAN AS compare in Handel?
G-MAT RJUKAN AS ranks 31,700 of 37,180 in Handel for 2024. Among companies of the same size (small companies) it ranks 29,469 of 34,894. Revenue changed by 3.3% from the year before.
From the Central Coordinating Register
- Org. no.
- 979845995
- Legal form
- AS
- Sector
- Handel (47.110)
- Size tier
- small
- Employees
- 0–4 (not registered)
- Founded
- 25 April 1998 28 years in operation
- Share capital
- 0.17 MNOK
- Business address
- Sam Eydes gate 211, 3660 RJUKAN (TINN)
- Municipality
- Tinn rank 12–21 of 28 in KOSTRA group 6
- Latest accounts filed
- 2024
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
- Chief executive
- Glenn Grumheden
- Chair of the board
- Glenn Grumheden
- Board member
- Amalie Grumheden Bikhol
- Board member
- Helen Grumheden
- Board member
- Morten Dyrnes Jacobsen
- Auditor
- ERNST & YOUNG AS
- Accountant
- AZETS INSIGHT AS
Source: Central Coordinating Register, fetched 25 October 2026. Only names are shown.
Owners and shareholdings will appear here once the shareholder data extract is in place.
Coming · not built yet
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.
Figures last fetched 28 October 2026.
Year by year · 2022–2024
| Key figure | 2022 | 2023 | 2024 | Trend |
|---|---|---|---|---|
| Index | 48 | 37 | 24 | |
| Rank | 283 | 24,278 | 31,700 | |
| Operating margin | 0.0% | 0.6% | −6.2% | |
| Return on assets | −0.2% | 2.3% | −44.4% | |
| Equity ratio | 14.9% | 13.7% | −31.9% | |
| Current ratio | 2.26 | 2.01 | 1.60 | |
| Revenue growth | – | −10.4% | 3.3% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2022 | 2023 | 2024 |
|---|---|---|---|
| Operating revenue | 39.5 MNOK | 35.4 MNOK | 36.6 MNOK |
| Operating profit | 0.0 MNOK | 0.2 MNOK | −2.3 MNOK |
| Profit before tax | −0.3 MNOK | −0.2 MNOK | −2.7 MNOK |
| Net profit | −0.2 MNOK | −0.1 MNOK | −2.8 MNOK |
| Financial expenses | 0.3 MNOK | 0.4 MNOK | 0.4 MNOK |
| Total assets | 9.1 MNOK | 8.9 MNOK | 5.1 MNOK |
| Current assets | 6.8 MNOK | 6.9 MNOK | 4.8 MNOK |
| Equity | 1.4 MNOK | 1.2 MNOK | −1.6 MNOK |
| Retained earnings | 0.0 MNOK | −0.1 MNOK | −3.0 MNOK |
| Total liabilities | 7.7 MNOK | 7.7 MNOK | 6.7 MNOK |
| Current liabilities | 3.0 MNOK | 3.4 MNOK | 3.0 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 28 October 2026, accounts id 6331609.
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