CINCH MEDICAL AS

ORG. NO. 932125072BERGENActive

Utvikling av medisinsk teknologi.

Revenue: 2.4 m NOK2025
Operating profit: -5.7 m NOK2025
CEO: VEGARD TUSETH
Subunits: 1

Kart

Ownership & structure

Largest owners

VT KARDIO HOLDING AS36.8%
NUBBEN HOLDING AS24.6%

See all (4) →

Latest events

Ny Revisor: INSIGNIS AS
Sep 23
Revisor
Sep 23
Fratrådt Styremedlem: Matthew Edward Colpoys Jr
Jun 24
Ny Regnskapsfører: IT REGNSKAP AS
Jun 24
Risikolån og garantier · 2,250,000 NOK
Grantor: Innovasjon Norge
Guarantees · Award date: Jun 27, 2024
Source: Innovasjon Norge
Jun 27, 2024

See the event log

Register details

Founded: August 21, 2023
Registered: Sep 25, 2023
Articles Date: Sep 22, 2025
VAT Registered: Yes
Company Register: Yes

7 sections

Financial statements

Share capitalNOK 94,1412023–20253 years

Revenue2025

2.4 m+50.1%

Operating profit2025

−5.7 m−753.1%

Equity2025

14.6 m+939.7%

EBITDA2025

−5.7 m−748.7%

Revenue and profit

Bars show revenue. The line shows what remains as net profit after all costs.

Balance sheet: what do they own, and who do they owe?

The left side shows assets. The right side shows how they are financed (equity + liabilities). The totals are always equal on both sides.

Assets

Equity + liabilities

Margins over time

How much does the business keep from each krone of revenue? Higher is better.

	2023Download annual accounts 2023 as PDF	2024Download annual accounts 2024 as PDF	2025	Change
Revenue	–	1.6 m NOK	2.4 m NOK	+50.1%
Operating profit	−291 k NOK	867 k NOK	−5.7 m NOK	−753.1%
Net profit	−287 k NOK	700 k NOK	−5.6 m NOK	−902.9%
Equity	708 k NOK	1.4 m NOK	14.6 m NOK	+939.7%
Total liabilities	55 k NOK	5.5 m NOK	2 m NOK	−64.2%
Operating margin	–	54.8%	-238.4%	−535.0%
Equity ratio	92.8%	20.4%	88.2%	+331.7%

Source: Register of Company Accounts (Brønnøysund Register Centre)

Announcements from the Brønnøysund Register Centre

Revisor9/23/2026

Board and Management

Board

VEGARD TUSETH(1971)(36.8%)

Chair

5 other roles

Mohamed Azeem Latib(1972)

Board member

RUNE HAAVERSTAD(1954)(19.3%)

Board member

2 other roles

KJETIL HALVORSEN LØLAND(1986)(17.5%)

Board member

3 other roles

Managing Director

VEGARD TUSETH(1971)(36.8%)

Service Providers

Auditor

Accountant

Accountant

Source: Brønnøysund Register Centre

Shareholders (4)

Showing 1–4 of 4 shareholders

1.36.79%

🇳🇴VT KARDIO HOLDING AS

21,063 shares

2.24.55%

🇳🇴NUBBEN HOLDING AS

14,058 shares

3.19.33%

🇳🇴THX CONSULTING AS

11,068 shares

4.19.33%

🇳🇴JH KARDIO HOLDING AS

11,068 shares

Source: Norwegian Tax Administration shareholder register · as of 12/31/2024

Public support

Where does the registered public support come from?

Year

Registered support · 2024

Grants and other support

Grants · Innovasjon Norge · NOK: 2024 (reference year) · Source award; 1,031,500 NOK; 2 registered records
Guarantees · Innovasjon Norge · NOK: 2024 (reference year) · Source award; 2,250,000 NOK; 1 registered record
Grants · Støtteregisteret · NOK: 2024 (reference year) · Source award; 1,000,000 NOK; 1 registered record