Ctrade 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 2023
Not enough data: Not enough data (below minimum revenue)
Based on the annual accounts for 2023
How it has gone · 2023–2025
Revenue rose by 239 % from 2023 to 2025, to 1.0 MNOK. The operating margin fell from 32.2% in 2023 to 13.5% in 2025. The equity ratio fell from 59.9% in 2023 to 58.4% in 2025.
Amounts in the reporting currency. The full year-by-year table is further down under «Details». See every figure year by year
Worth a closer look
- watch
Receivables equal far more days of revenue than at comparable companies. Do customers pay late, or are these loans to companies in the same group?
Based on: Receivable days 138 days (median 55 days).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
See interest rates, prices and exchange rates for the sector
Data quality
No anomalies found in the figures.
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 4.1%. Based on the 8 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 0 MNOK | 2 MNOK |
| Operating margin | 32.2% | 6.0% |
| Profit margin | 32.2% | 6.3% |
| Return on assets | 10.4% | 11.4% |
| Equity ratio | 59.9% | 40.4% |
| Debt-to-equity | 0.67 | 1.10 |
| Current ratio | 11.17 | 1.57 |
| Revenue growth | – | 0.0% |
The median and “ahead of” refer to companies in the same sector in 2023. 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.
Working capital and debt
| Measure | Company | Median | |
|---|---|---|---|
| Working capital | |||
| Receivable days All current receivables, including those on group companies, in days of revenue. |
138 days | 55 days | |
| Inventory and other current assets, days Current assets other than receivables and bank deposits, that is inventory and short-term investments, in days of revenue. |
100 days | 0 days | |
| Net working capital to revenue Current assets less bank deposits less current liabilities, divided by revenue. Negative: short-term debt funds the operations. |
40.5% | −8.6% | |
| Cash share of current assets How much of the short-term buffer is bank deposits and cash. |
76.4% | 55.3% | |
| Debt and interest burden | |||
| Interest coverage (times) Operating result divided by all financial costs. Below 1: operations do not cover the cost of the debt. |
– | 8.1 | |
| Financial costs as a share of debt All financial costs (interest, currency losses and other) divided by all debt, interest-free debt included. Not an interest rate. |
– | 0.5% | |
| Long-term share of debt Long-term debt as a share of all debt. A low share means more falls due within a year. |
80.1% | 0.0% | |
Net working capital (current assets less bank deposits less current liabilities): 0.1 MNOK.
The median and the bar refer to companies in the same sector in 2023. The bar shows the share of the group with a lower figure: higher is not always better, long receivable days tie up capital, for example. These figures do not count in the score.
What the numbers say
Ctrade AS had an equity ratio of 59.9% in 2023. The company is not ranked: not enough data (below minimum revenue).
This text is generated automatically from the 2023 accounts.
Three simple methods
The methods give between 0 MNOK and 1 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 18.0 | 0 MNOK |
| EV/EBIT | 14.9 | 1 MNOK |
| P/B | 3.6 | 1 MNOK |
| EV/EBIT: from enterprise value to equity | NOK |
|---|---|
| Enterprise value (EV) at the listed multiple | 1 MNOK |
| Enterprise value after the size adjustment | 1 MNOK |
| Less net debt (rough figure) | 0 MNOK |
| Equity value | 1 MNOK |
Net debt is a rough figure: long-term liabilities minus cash. The accounts do not split interest-bearing debt from other liabilities, and short-term borrowings are not included. The size adjustment applies to the enterprise value, not to the debt. Net debt is −38% of the enterprise value after the size adjustment, so the equity value from EV/EBIT is sensitive to errors in the debt figure.
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 multiples are from the listed industry that matches the NACE code (63): Computer Services.
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
Questions and answers
How profitable is Ctrade AS?
The operating margin was 32.2% in 2023, against a median of 6.0% among companies in the same sector. Return on assets was 10.4%.
How solid is Ctrade AS?
The equity ratio was 59.9% in 2023 (median 40.4%). Debt-to-equity was 0.67 (median 1.10).
What is the liquidity of Ctrade AS like?
The current ratio was 11.17 in 2023 (median 1.57).
From the Central Coordinating Register
- Org. no.
- 997515447
- Legal form
- AS
- Sector
- Informasjon og kommunikasjon (63.100)
- Purpose
- Databehandling/datalagring og tilknyttede tjenester, utleie av bygge- og anleggsmaskiner og utstyr og alt som herved står i forbindelse.
- Morning company class
- Micro
- Employees
- 0–4 (not registered)
- Founded
- 17 October 2011 15 years in operation
- Share capital
- 0.10 MNOK
- Business address
- Henrik Jægers vei 33, 5094 BERGEN
- Municipality
- Bergen rank 8 of 11 in KOSTRA group 12
- Audit
- Audit opted out from 27 October 2011
- Latest accounts filed
- 2025
- VAT registered
- Yes
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 8 November 2026. Only names are shown.
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.
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?
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Figures last fetched 10 November 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | – | – | 66 | |
| Rank | – | – | 1,299 | |
| Operating margin | 32.2% | −7.1% | 13.5% | |
| Return on assets | 10.4% | −3.2% | 13.8% | |
| Equity ratio | 59.9% | 63.0% | 58.4% | |
| Current ratio | 11.17 | 44.99 | 5.51 | |
| Revenue growth | – | 25.6% | 170.1% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 0.3 MNOK | 0.4 MNOK | 1.0 MNOK |
| Operating profit | 0.1 MNOK | 0.0 MNOK | 0.1 MNOK |
| Profit before tax | 0.1 MNOK | 0.0 MNOK | 0.1 MNOK |
| Tax expense | 0.1 MNOK | 0.0 MNOK | 0.1 MNOK |
| Net profit | 0.0 MNOK | 0.0 MNOK | 0.1 MNOK |
| Financial expenses | – | 0.0 MNOK | 0.0 MNOK |
| Total assets | 0.9 MNOK | 0.8 MNOK | 1.0 MNOK |
| Current assets | 0.8 MNOK | 0.6 MNOK | 0.8 MNOK |
| Equity | 0.6 MNOK | 0.5 MNOK | 0.6 MNOK |
| Retained earnings | 0.5 MNOK | 0.4 MNOK | 0.5 MNOK |
| Total liabilities | 0.4 MNOK | 0.3 MNOK | 0.4 MNOK |
| Current liabilities | 0.1 MNOK | 0.0 MNOK | 0.2 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 10 November 2026, accounts id 5083327.