GLOBAL CONCEPT MITCO AS
Score · fiscal year 2025
45of 100
How to read this: the company is ahead of 40 % of small companies in the same sector in 2025. What does this mean?
Rank: 23,393 of 38,670 · Handel
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 55 and solidity 30 out of 100 among small companies in the same sector in 2025. Methodology
Against the sector
GLOBAL CONCEPT MITCO AS is 5 points below the median for small companies in the same sector in 2025.
Median score 50 among 36,110 companies.
Against small companies in the same sector in 2025: operating margin 2.1% (median 2.5%) and equity ratio 21.8% (median 38.3%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 43 MNOK | 3 MNOK |
| Operating margin | 2.1% | 2.5% |
| Profit margin | 2.3% | 2.2% |
| Return on assets | 9.1% | 4.0% |
| Equity ratio | 21.8% | 38.3% |
| Debt-to-equity | 3.59 | 0.99 |
| Current ratio | 1.19 | 1.70 |
| Revenue growth | −1.0% | 3.5% |
| Revenue per employee | 2.13 MNOK | 1.62 MNOK |
The median and “ahead of” refer to small companies in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 45, GLOBAL CONCEPT MITCO AS does better than 40% of small companies in the same sector (36,579 companies) in 2025.
Score 2023–2025
- GLOBAL CONCEPT MITCO AS
- Median: small companies in the same sector
GLOBAL CONCEPT MITCO AS has a score of 45 for 2025, rank 23,393 of 38,670 in the sector.
Strongest: Consistency: percentile 66 against peers.
Weakest: Solidity: percentile 30 against peers, equity ratio 21.8% against a median of 38.3%. Liquidity: percentile 33 against peers, current ratio 1.19 against a median of 1.70.
Worth a closer look
- What lies behind weak solidity, and will it last?
- What lies behind weak liquidity, 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
GLOBAL CONCEPT MITCO AS had an operating margin of 2.1% and an equity ratio of 21.8% in 2025, and ranks 23,393 of 38,670 in Handel.
No large changes in the key figures from 2024 to 2025.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 3 MNOK and 11 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 11 MNOK |
| EV/EBIT | 8.0 | 9 MNOK |
| P/B | 1.0 | 3 MNOK |
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
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 1.5% of the debt in 2025. The policy rate averaged 4.30 % the same year. This is a plain description of what the debt cost, not a model of interest sensitivity.
Data quality
No anomalies found in the figures.
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 | 55 | weight 30% |
|---|---|---|
| Solidity | 30 | weight 25% |
| Liquidity | 33 | weight 15% |
| Growth | 38 | weight 15% |
| Consistency | 66 | weight 15% |
Durability: 46 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is GLOBAL CONCEPT MITCO AS?
The operating margin was 2.1% in 2025, against a median of 2.5% among small companies in the same sector. Return on assets was 9.1%.
How solid is GLOBAL CONCEPT MITCO AS?
The equity ratio was 21.8% in 2025 (median 38.3%). Debt-to-equity was 3.59 (median 0.99).
What is the liquidity of GLOBAL CONCEPT MITCO AS like?
The current ratio was 1.19 in 2025 (median 1.70).
How does GLOBAL CONCEPT MITCO AS compare in Handel?
GLOBAL CONCEPT MITCO AS ranks 23,393 of 38,670 in Handel for 2025. Among companies of the same size (small companies) it ranks 21,828 of 36,579. Revenue changed by −1.0% from the year before.
Public contracts
- Contracts awarded since 2024
- 2
- in 1 notices (lots counted separately)
- Total awarded value since 2024
- value not stated
- Framework agreements
- 2
- Left out of the total: the value is a ceiling, not actual spend.
| Date | Buyer | Notice | Value |
|---|---|---|---|
| 3 July 2025 | Anskaffelser i Akershus, Buskerud og Østfold KO | Forebygging av legionella - rammeavtale | 2.7 MNOK (framework) (2 lots) |
| 3 June 2021 | Viken fylkeskommune | Rammeavtale for forebygging av legionella | 6.6 MNOK |
| 9 January 2019 | NTNU | Vannbehandlingsanlegg - rammeavtale varer, tjenetser og årlig service | value not stated |
Based on notices in Doffin. Does not show call-offs under framework agreements or purchases below the publication threshold. Values are as stated by the buyer.
Source: Doffin (DFØ), fetched 28 October 2026. Winners are matched on organisation number.
Contains data under the Norwegian licence for public data (NLOD 2.0) made available by Doffin/the Norwegian Agency for Public and Financial Management (DFØ). NLOD 2.0
From the Central Coordinating Register
- Org. no.
- 992969539
- Legal form
- AS
- Sector
- Handel (46.850)
- Size tier
- small
- Employees
- 20 registered 10 October 2026
- Founded
- 6 August 2008 18 years in operation
- Share capital
- 0.10 MNOK
- Business address
- Selma Ellefsens vei 10, 0581 OSLO
- Municipality
- Oslo rank 63–221 of 357 in Norway
- Latest accounts filed
- 2025
- Website
- www.mitco.no
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
- Ken Nicolai Reinnel Gulbrandsen
- Chair of the board
- Keith Slingsby
- Board member
- Ken Nicolai Reinnel Gulbrandsen
- Board member
- Roar Solheim
- Board member
- Stephen Keith Slingsby
- Deputy member
- Kim Alexander Reinnel Gulbrandsen
- Auditor
- CEDRA NORGE AS
- Accountant
- FREINO REGNSKAP AS
- Accountant
- ECIT SERVICES AS
Source: Central Coordinating Register, fetched 29 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 29 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 48 | 46 | 45 | |
| Rank | 18,191 | 21,636 | 23,393 | |
| Operating margin | 3.1% | 3.0% | 2.1% | |
| Return on assets | 12.3% | 10.6% | 9.1% | |
| Equity ratio | 28.2% | 21.7% | 21.8% | |
| Current ratio | 1.28 | 1.15 | 1.19 | |
| Revenue growth | – | 3.2% | −1.0% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 41.7 MNOK | 43.0 MNOK | 42.6 MNOK |
| Operating profit | 1.3 MNOK | 1.3 MNOK | 0.9 MNOK |
| Profit before tax | 1.1 MNOK | 1.1 MNOK | 1.0 MNOK |
| Net profit | 0.8 MNOK | 0.8 MNOK | 1.1 MNOK |
| Financial expenses | 0.5 MNOK | 0.4 MNOK | 0.1 MNOK |
| Total assets | 12.6 MNOK | 14.1 MNOK | 12.5 MNOK |
| Current assets | 11.6 MNOK | 12.6 MNOK | 11.6 MNOK |
| Equity | 3.6 MNOK | 3.0 MNOK | 2.7 MNOK |
| Retained earnings | 3.5 MNOK | 2.9 MNOK | 2.6 MNOK |
| Total liabilities | 9.1 MNOK | 11.0 MNOK | 9.8 MNOK |
| Current liabilities | 9.1 MNOK | 11.0 MNOK | 9.8 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 29 October 2026, accounts id 7210734.
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