Nshift Solutions 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 2025
30of 100
How to read this: the company is ahead of 14 % of companies in the Morning class Small in the same sector in 2025. What does this mean?
Rank in the Morning class Small: 1,111 of 1,292 · What are Morning company classes?
Place in the whole sector: 3,666 of 4,282 · Informasjon og kommunikasjon
Profile
Beaver · Builder
Lower profitability, lower resilience
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 50 and resilience 20 out of 100 among companies in the Morning class Small in the same sector in 2025. Methodology
Against the sector
Nshift Solutions AS is 21 points below the median for companies in the Morning class Small in the same sector in 2025.
Median score 51 among 1,292 companies.
Against companies in the Morning class Small in the same sector in 2025: operating margin 4.1% (median 5.3%) and equity ratio 0.7% (median 35.3%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 11 MNOK | 21 MNOK |
| Operating margin | 4.1% | 5.3% |
| Profit margin | 2.2% | 5.4% |
| Return on assets | 11.4% | 9.7% |
| Equity ratio | 0.7% | 35.3% |
| Debt-to-equity | 145.52 | 1.57 |
| Current ratio | 1.01 | 1.34 |
| Revenue growth | −6.2% | 7.8% |
The median and “ahead of” refer to companies in the Morning class Small in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 30, Nshift Solutions AS does better than 14% of companies in the Morning class Small in the same sector (1,292 companies) in 2025.
Score 2023–2025
- Nshift Solutions AS
- Median: companies in the Morning class Small in the same sector
Nshift Solutions AS has a score of 30 for 2025, rank 3,666 of 4,282 in the sector.
Strongest: Profitability: percentile 50 against peers, operating margin 4.1% against a median of 5.3%.
Weakest: Solidity: percentile 5 against peers, equity ratio 0.7% against a median of 35.3%. Growth: percentile 11 against peers, revenue growth −6.2% against a median of 7.8%.
Worth a closer look
- The equity ratio is very low. Could the company absorb a bad year, and does it need more equity? Based on: equity ratio 0.7% (median 35.3%).
- What lies behind weak solidity, and will it last?
- What lies behind weak growth, and will it last?
- The change in operating margin in 2025 was 35.6 percentage points weaker than for comparable companies: the company −35.3, the industry +0.3 points. That is the company's own, not something that hit the whole industry.
Written by fixed rules from the figures. Describes the figures, does not explain causes. Not investment or financial advice. How the summary is made
The industry or the company: what drove the result?
In 2025 the operating margin of Nshift Solutions AS fell by 35.3 percentage points. Comparable companies rose by a median 0.3 points. So the company did 35.6 points weaker than the industry, for reasons of its own.
Over 2 year-to-year changes Nshift Solutions AS moved the same way as comparable companies 0 times. About 1% of the changes in operating margin were common to the industry; the rest was the company's own.
| Year | The company | Comparable (median) | Change, company | Change, industry | The company's own |
|---|---|---|---|---|---|
| 2024 | 39.4% | 4.9% | −11.7 percentage points | +0.2 percentage points | −11.8 percentage points |
| 2025 | 4.1% | 5.3% | −35.3 percentage points | +0.3 percentage points | −35.6 percentage points |
Comparable companies are those in the same industry and Morning company class. Their change shows what hit the whole industry, the sector drivers below included. The rest is the company's own: contracts, costs, one-off items or operations. The share is approximate, and we claim no cause.
The company and its sector's drivers
Prices, rate and currency that shape the sector's year, year by year beside the operating margin of Nshift Solutions AS. The figures stand side by side; we claim no cause.
Service prices: information and communication (indeks (2021 = 100))
Service prices: information and communication rose 4.0% in 2025; the operating margin of Nshift Solutions AS fell 35.3 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Service prices: information and communication, annual average | 100.0 | 103.3 | 108.7 | 112.2 | 116.7 | 120.0 (so far) |
| Change from the year before | – | +3.2% | +5.3% | +3.2% | +4.0% | +2.8% |
| The company's operating margin | – | – | 51.1% | 39.4% | 4.1% | – |
Source: SSB (14335, CC BY 4.0). Source
Turnover index: information and communication (indeks (2021 = 100))
Turnover index: information and communication rose 4.6% in 2025; the operating margin of Nshift Solutions AS fell 35.3 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Turnover index: information and communication, annual average | 99.6 | 111.4 | 126.4 | 128.3 | 134.2 | 141.3 (so far) |
| Change from the year before | +14.7% | +11.8% | +13.5% | +1.5% | +4.6% | +5.3% |
| The company's operating margin | – | – | 51.1% | 39.4% | 4.1% | – |
Source: SSB (13863, CC BY 4.0). Source
USD/NOK (kr)
USD/NOK fell 3.3% in 2025; the operating margin of Nshift Solutions AS fell 35.3 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| USD/NOK, annual average | 8.59 | 9.61 | 10.56 | 10.75 | 10.39 | 9.54 (so far) |
| Change from the year before | −8.8% | +11.9% | +9.9% | +1.7% | −3.3% | −8.2% |
| The company's operating margin | – | – | 51.1% | 39.4% | 4.1% | – |
Source: Norges Bank (EXR, NLOD 2.0). Source
Policy rate (prosent)
Policy rate fell 0.20 percentage points in 2025; the operating margin of Nshift Solutions AS fell 35.3 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Policy rate, annual average | 0.08 | 1.32 | 3.54 | 4.50 | 4.30 | 4.17 (so far) |
| Change from the year before | −0.28 percentage points | +1.24 percentage points | +2.22 percentage points | +0.96 percentage points | −0.20 percentage points | −0.12 percentage points |
| The company's operating margin | – | – | 51.1% | 39.4% | 4.1% | – |
Source: Norges Bank (IR, NLOD 2.0). Source
Consumer price index (indeks (2025 = 100))
Consumer price index rose 3.0% in 2025; the operating margin of Nshift Solutions AS fell 35.3 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Consumer price index, annual average | 84.3 | 89.2 | 94.1 | 97.0 | 100.0 | 102.9 (so far) |
| Change from the year before | +3.5% | +5.8% | +5.5% | +3.2% | +3.0% | +2.9% |
| The company's operating margin | – | – | 51.1% | 39.4% | 4.1% | – |
Source: SSB (14710, CC BY 4.0). Source
Wage index: IT services (indeks)
Wage index: IT services rose 4.4% in 2025; the operating margin of Nshift Solutions AS fell 35.3 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Wage index: IT services, annual average | 84.9 | 87.8 | 92.3 | 97.3 | 101.5 | 105.4 (so far) |
| Change from the year before | +4.9% | +3.5% | +5.1% | +5.4% | +4.4% | +3.8% |
| The company's operating margin | – | – | 51.1% | 39.4% | 4.1% | – |
Source: SSB (12314, CC BY 4.0). Source
We show the drivers and the margin side by side and claim no cause. Sensitivity per company is not computed until we have at least 10 years of accounts per company: with three years such figures are false precision.
What the numbers say
Nshift Solutions AS had an operating margin of 4.1% and an equity ratio of 0.7% in 2025, and ranks 3,666 of 4,282 in Informasjon og kommunikasjon.
From 2024 to 2025: the operating margin fell from 39.4% to 4.1%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 0 MNOK and 35 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 18.0 | 32 MNOK |
| EV/EBIT | 14.9 | 35 MNOK |
| P/B | 3.6 | 0 MNOK |
| EV/EBIT: from enterprise value to equity | NOK |
|---|---|
| Enterprise value (EV) at the listed multiple | 55 MNOK |
| Enterprise value after the size adjustment | 34 MNOK |
| Less net debt (rough figure) | −1 MNOK |
| Equity value | 35 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.
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 (62): 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
Worth a closer look
- watch
The equity ratio is very low. Could the company absorb a bad year, and does it need more equity?
Based on: Equity ratio 0.7% (median 35.3%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 6.3% 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.
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
What the score is made of
| Profitability | 50 | weight 40% |
|---|---|---|
| Solidity | 5 | weight 20% |
| Liquidity | 25 | weight 5% |
| Growth | 11 | weight 25% |
| Consistency | 46 | weight 10% |
Three goals: profitability 40%, growth 25%, resilience 35%. Why these weights?
Durability: 47 (average over 3 years)
Index version 3. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Nshift Solutions AS?
The operating margin was 4.1% in 2025, against a median of 5.3% among companies in the Morning class Small in the same sector. Return on assets was 11.4%.
How solid is Nshift Solutions AS?
The equity ratio was 0.7% in 2025 (median 35.3%). Debt-to-equity was 145.52 (median 1.57).
What is the liquidity of Nshift Solutions AS like?
The current ratio was 1.01 in 2025 (median 1.34).
How does Nshift Solutions AS compare in Informasjon og kommunikasjon?
Nshift Solutions AS ranks 3,666 of 4,282 in Informasjon og kommunikasjon for 2025. Among companies in the Morning class Small it is number 1,111 of 1,292. Revenue changed by −6.2% from the year before.
From the Central Coordinating Register
- Org. no.
- 816269032
- Legal form
- AS
- Sector
- Informasjon og kommunikasjon (62.100)
- Morning company class
- Small
- Employees
- 0–4 (not registered)
- Founded
- 15 October 2015 11 years in operation
- Share capital
- 0.03 MNOK
- Business address
- Stortorvet 7, 0155 OSLO
- Municipality
- Oslo rank 63–220 of 357 in Norway
- Latest accounts filed
- 2025
- Website
- www.nshift.com
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 1 November 2026. Only names are shown.
Shareholders (2025)
- Number of shareholders
- 1 (one owner)
- Largest owner
- 100.0%
- Split
- companies 100% · private persons 0% · foreign 100%
- Group chain
- Ultimate owner: Messenger Acquisition AB
- Messenger Acquisition AB (Sweden) · 100.0%
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?
Do you see an error in the figures or in how the company is mapped (sector, holding, group)? Let us know. Corrections require documentation.
Is this your company? Suggest changes or add information
Figures last fetched 30 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 63 | 47 | 30 | |
| Rank | 1,098 | 2,409 | 3,666 | |
| Operating margin | 51.1% | 39.4% | 4.1% | |
| Return on assets | 68.4% | 65.4% | 11.4% | |
| Equity ratio | 0.3% | −1.6% | 0.7% | |
| Current ratio | 1.00 | 0.98 | 1.01 | |
| Revenue growth | – | −8.6% | −6.2% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 12.3 MNOK | 11.2 MNOK | 10.5 MNOK |
| Operating profit | 6.3 MNOK | 4.4 MNOK | 0.4 MNOK |
| Profit before tax | 6.5 MNOK | 4.0 MNOK | 0.2 MNOK |
| Tax expense | 1.4 MNOK | 0.5 MNOK | 0.1 MNOK |
| Net profit | 5.1 MNOK | 3.5 MNOK | 0.1 MNOK |
| Financial expenses | 0.0 MNOK | 0.4 MNOK | 0.3 MNOK |
| Total assets | 9.5 MNOK | 6.8 MNOK | 4.4 MNOK |
| Current assets | 9.5 MNOK | 6.8 MNOK | 4.4 MNOK |
| Equity | 0.0 MNOK | −0.1 MNOK | 0.0 MNOK |
| Retained earnings | – | −0.1 MNOK | – |
| Total liabilities | 9.4 MNOK | 6.9 MNOK | 4.4 MNOK |
| Current liabilities | 9.4 MNOK | 6.9 MNOK | 4.4 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 30 October 2026, accounts id 6936000.
Further
Similar companies
- Accigo AS index 30, rank 3,660 · compare
- Cubit AS index 30, rank 3,663 · compare
- Avju Solutions AS index 30, rank 3,669 · compare
- Prelect AS index 29, rank 3,674 · compare
- Telko AS index 29, rank 3,676 · compare