Mildef Systems AS
Score · fiscal year 2025
85of 100
How to read this: the company is ahead of 99 % of companies in the Morning class Medium in the same sector in 2025. What does this mean?
Rank in the Morning class Medium: 7 of 728 · What are Morning company classes?
Place in the whole sector: 26 of 3,132 · Informasjon og kommunikasjon
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 85 and solidity 87 out of 100 among companies in the Morning class Medium in the same sector in 2025. Methodology
Against the sector
Mildef Systems AS is 35 points above the median for companies in the Morning class Medium in the same sector in 2025.
Median score 50 among 728 companies.
Against companies in the Morning class Medium in the same sector in 2025: operating margin 20.0% (median 6.1%) and equity ratio 63.9% (median 30.0%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 149 MNOK | 108 MNOK |
| Operating margin | 20.0% | 6.1% |
| Profit margin | 20.9% | 6.7% |
| Return on assets | 38.0% | 11.9% |
| Equity ratio | 63.9% | 30.0% |
| Debt-to-equity | 0.56 | 2.26 |
| Current ratio | 2.79 | 1.16 |
| Revenue growth | 41.5% | 7.4% |
| Revenue per employee | 6.76 MNOK | 2.96 MNOK |
The median and “ahead of” refer to companies in the Morning class Medium in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 85, Mildef Systems AS does better than 99% of companies in the Morning class Medium in the same sector (728 companies) in 2025.
Score 2023–2025
- Mildef Systems AS
- Median: companies in the Morning class Medium in the same sector
Mildef Systems AS has a score of 85 for 2025, rank 26 of 3,132 in the sector.
Strongest: Liquidity: percentile 94 against peers, current ratio 2.79 against a median of 1.16. Growth: percentile 90 against peers, revenue growth 41.5% against a median of 7.4%.
No area is clearly below its peers.
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
Mildef Systems AS had an operating margin of 20.0% and an equity ratio of 63.9% in 2025, and ranks 26 of 3,132 in Informasjon og kommunikasjon.
From 2024 to 2025: the operating margin rose from 8.4% to 20.0% and revenue grew by 42%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 53 MNOK and 254 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 242 MNOK |
| EV/EBIT | 8.0 | 254 MNOK |
| P/B | 1.0 | 53 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
- positive
Upper quartile on profitability, solidity and liquidity. What sets this company apart from the rest of the sector?
Based on: Operating margin 20.0% (median 6.1%); Equity ratio 63.9% (median 30.0%); Current ratio 2.79 (median 1.16).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 1.9% 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 | 85 | weight 30% |
|---|---|---|
| Solidity | 87 | weight 25% |
| Liquidity | 94 | weight 15% |
| Growth | 90 | weight 15% |
| Consistency | 68 | weight 15% |
Durability: 77 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Mildef Systems AS?
The operating margin was 20.0% in 2025, against a median of 6.1% among companies in the Morning class Medium in the same sector. Return on assets was 38.0%.
How solid is Mildef Systems AS?
The equity ratio was 63.9% in 2025 (median 30.0%). Debt-to-equity was 0.56 (median 2.26).
What is the liquidity of Mildef Systems AS like?
The current ratio was 2.79 in 2025 (median 1.16).
How does Mildef Systems AS compare in Informasjon og kommunikasjon?
Mildef Systems AS ranks 26 of 3,132 in Informasjon og kommunikasjon for 2025. Among companies in the Morning class Medium it is number 7 of 728. Revenue changed by 41.5% from the year before.
Public contracts
- Contracts awarded since 2024
- 2
- Total awarded value since 2024
- value not stated
- 2 contracts without a stated value are not in the total.
| Date | Buyer | Notice | Value |
|---|---|---|---|
| 10 December 2024 | FORSVARSMATERIELL | Anskaffelse av fagekspert i drift og videreutvikling av elektronisk saksarkiv | value not stated |
| 10 December 2024 | FORSVARSMATERIELL | Anskaffelse av fagekspert i Material Codification Catalogue CDA | value not stated |
| 25 November 2022 | Oslo kommune v/ Utviklings- og kompetanseetaten | Samkjøpsavtale IKT konsulenttjenester | 130.0 MNOK (framework) (5 lots) |
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 27 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.
- 825838392
- Legal form
- AS
- Sector
- Informasjon og kommunikasjon (62.200)
- Morning company class
- Medium
- Employees
- 22 registered 10 October 2026
- Founded
- 9 October 2020 6 years in operation
- Share capital
- 0.03 MNOK
- Business address
- Grev Wedels plass 9, 0151 OSLO
- Municipality
- Oslo rank 63–220 of 357 in Norway
- Latest accounts filed
- 2025
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 31 October 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: Mildef Group AB
- Mildef Group 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.
Figures last fetched 30 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 71 | 74 | 85 | |
| Rank | 489 | 247 | 26 | |
| Operating margin | 7.1% | 8.4% | 20.0% | |
| Return on assets | 15.2% | 19.0% | 38.0% | |
| Equity ratio | 45.6% | 54.5% | 63.9% | |
| Current ratio | 1.84 | 2.22 | 2.79 | |
| Revenue growth | – | 15.3% | 41.5% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 91.2 MNOK | 105.1 MNOK | 148.8 MNOK |
| Operating profit | 6.5 MNOK | 8.8 MNOK | 29.8 MNOK |
| Profit before tax | 7.1 MNOK | 9.8 MNOK | 31.0 MNOK |
| Tax expense | 1.6 MNOK | 2.2 MNOK | 6.8 MNOK |
| Net profit | 5.5 MNOK | 7.6 MNOK | 24.2 MNOK |
| Financial expenses | 0.0 MNOK | 0.3 MNOK | 0.6 MNOK |
| Total assets | 46.8 MNOK | 53.1 MNOK | 83.1 MNOK |
| Current assets | 46.7 MNOK | 53.1 MNOK | 82.5 MNOK |
| Equity | 21.3 MNOK | 28.9 MNOK | 53.1 MNOK |
| Retained earnings | 21.3 MNOK | 28.9 MNOK | 53.1 MNOK |
| Total liabilities | 25.4 MNOK | 24.1 MNOK | 30.0 MNOK |
| Current liabilities | 25.4 MNOK | 23.9 MNOK | 29.5 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 30 October 2026, accounts id 6995410.
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