Complementum AS

Org. no. 828468782 · Horten · Founded 2021

Score · fiscal year 2024

54of 100

How to read this: the company is ahead of 59 % of companies in the Morning class Micro in the same sector in 2024. What does this mean?

Rank in the Morning class Micro: 895 of 2,165 · What are Morning company classes?
Place in the whole sector: 1,695 of 4,104 · Teknisk tjenesteyting og forskning

Profile

Lion · Leader

High profitability, high solidity

Position against comparable companies in 2024, not a verdict on the company. Based on profitability 53 and solidity 54 out of 100 among companies in the Morning class Micro in the same sector in 2024. Methodology

Against the sector

Complementum AS is 4 points above the median for companies in the Morning class Micro in the same sector in 2024.

Median score 50 among 2,165 companies.

Against companies in the Morning class Micro in the same sector in 2024: operating margin 6.4% (median 5.8%) and equity ratio 48.1% (median 41.5%).

Source: Register of Company Accounts and Central Coordinating RegisterFetched 30 October 2026Report an issue
Key figures · 2024

The numbers behind the score

The numbers behind the score · 2024
MeasureCompanyMedianAhead of
Operating revenue3 MNOK3 MNOK
Operating margin 6.4% 5.8% 52 %
Profit margin 6.5% 5.6% shown, not part of the index
Return on assets 15.0% 11.5% 55 %
Equity ratio 48.1% 41.5% 57 %
Debt-to-equity 1.08 1.10 51 %
Current ratio 1.58 1.61 49 %
Revenue growth 9.7% 5.6% 57 %

The median and “ahead of” refer to companies in the Morning class Micro in the same sector in 2024. The bar shows the share of companies the figure is ahead of.

With an index of 54, Complementum AS does better than 59% of companies in the Morning class Micro in the same sector (2,165 companies) in 2024.

Over time

Score 2023–2025

CompanyMedian0255075100202320242025
  • Complementum AS
  • Median: companies in the Morning class Micro in the same sector
Analysis · 2024

What the numbers say

Complementum AS had an operating margin of 6.4% and an equity ratio of 48.1% in 2024, and ranks 1,695 of 4,104 in Teknisk tjenesteyting og forskning.

From 2023 to 2024: the operating margin fell from 13.4% to 6.4%.

This text is generated automatically from the 2024 accounts.

Estimated value · 2024

Three simple methods

The methods give between 1 MNOK and 3 MNOK.

MethodInputMultipleListed basisEstimate
P/E Net profit (mean 2023–2024): 0.2 MNOK 18.6 5 MNOK 2 MNOK
EV/EBIT Operating profit (mean 2023–2024): 0.3 MNOK
minus net debt −0.8 MNOK
15.9 6 MNOK 3 MNOK
P/B Equity: 0.7 MNOK 3.2 2 MNOK 1 MNOK

The listed basis is the value at listed multiples. The estimate is lowered by 51% for an unlisted company: 20% for lack of marketability and 38% for size (a small-company premium of 4% on the cost of equity).

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

Indications · 2024

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 0.0% of the debt in 2024. The policy rate averaged 4.50 % 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.

Stress test · 2021

Scenario analysis: the sector's weakest year

We have no accounts for 2021, the sector's weakest year, for this company.

The sector's weakest year was 2021, with a median operating margin of −0.2%. Based on the 8 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology

Components · 2024

What the score is made of

Profitability53 weight 30%
Solidity54 weight 25%
Liquidity49 weight 15%
Growth57 weight 15%
Consistency59 weight 15%

Durability: 59 (average over 2 years)

Index version 2. Data completeness 100%: the share of the weights that had data.

2024

Questions and answers

How profitable is Complementum AS?

The operating margin was 6.4% in 2024, against a median of 5.8% among companies in the Morning class Micro in the same sector. Return on assets was 15.0%.

How solid is Complementum AS?

The equity ratio was 48.1% in 2024 (median 41.5%). Debt-to-equity was 1.08 (median 1.10).

What is the liquidity of Complementum AS like?

The current ratio was 1.58 in 2024 (median 1.61).

How does Complementum AS compare in Teknisk tjenesteyting og forskning?

Complementum AS ranks 1,695 of 4,104 in Teknisk tjenesteyting og forskning for 2024. Among companies in the Morning class Micro it is number 895 of 2,165. Revenue changed by 9.7% from the year before.

From the Central Coordinating Register

Org. no.
828468782
Legal form
AS
Sector
Teknisk tjenesteyting og forskning (71.129)
Morning company class
Micro
Employees
0–4 (not registered)
Founded
16 December 2021 4 years in operation
Share capital
0.03 MNOK
Business address
Gundersens gate 9, 3181 HORTEN
Municipality
Horten rank 20–27 of 27 in KOSTRA group 9
Audit
Audit opted out from 4 January 2022
Latest accounts filed
2025
LEI
984500B6CC91F6D73D02 not renewed (lapsed)
The company's business municipality, Horten. The map shows the municipality, not the address. Map source: Kartverket (CC BY 4.0).

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.

Parent company
Parent does not consolidate the company

Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 31 October 2026. The parent is the one the company itself reported to GLEIF.

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 30 October 2026.

Details

Year by year · 2023–2025

Key figure202320242025Trend
Index635442
Rank1,1161,6952,795
Operating margin13.4%6.4%−6.9%
Return on assets29.6%15.0%−24.1%
Equity ratio49.3%48.1%60.8%
Current ratio1.671.582.46
Revenue growth–9.7%−35.4%

Accounts

From the Brønnøysund Register Centre, in the company's reporting currency (NOK).

Key figure202320242025
Operating revenue3.1 MNOK3.4 MNOK2.2 MNOK
Operating profit0.4 MNOK0.2 MNOK−0.2 MNOK
Profit before tax0.4 MNOK0.2 MNOK−0.1 MNOK
Tax expense0.1 MNOK0.0 MNOK0.0 MNOK
Net profit0.3 MNOK0.2 MNOK−0.1 MNOK
Financial expenses–0.0 MNOK0.0 MNOK
Total assets1.4 MNOK1.5 MNOK0.6 MNOK
Current assets1.2 MNOK1.2 MNOK0.6 MNOK
Equity0.7 MNOK0.7 MNOK0.4 MNOK
Retained earnings0.7 MNOK0.7 MNOK0.3 MNOK
Total liabilities0.7 MNOK0.8 MNOK0.2 MNOK
Current liabilities0.7 MNOK0.8 MNOK0.2 MNOK

Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 30 October 2026, accounts id 5570225.