Multitrack AS
Score · fiscal year 2024
44of 100
How to read this: the company is ahead of 38 % of companies in the Morning class Micro in the same sector in 2024. What does this mean?
Rank in the Morning class Micro: 919 of 1,470 · What are Morning company classes?
Place in the whole sector: 1,529 of 2,420 · Revisjon, regnskap og rådgivning
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 57 and solidity 40 out of 100 among companies in the Morning class Micro in the same sector in 2024. Methodology
Against the sector
Multitrack AS is 6 points below the median for companies in the Morning class Micro in the same sector in 2024.
Median score 50 among 1,470 companies.
Against companies in the Morning class Micro in the same sector in 2024: operating margin 7.2% (median 9.4%) and equity ratio 35.3% (median 43.2%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 1 MNOK | 3 MNOK |
| Operating margin | 7.2% | 9.4% |
| Profit margin | 7.2% | 10.1% |
| Return on assets | 31.0% | 17.0% |
| Equity ratio | 35.3% | 43.2% |
| Debt-to-equity | 1.84 | 1.16 |
| Current ratio | 1.54 | 1.60 |
| Revenue growth | – | 6.2% |
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 44, Multitrack AS does better than 38% of companies in the Morning class Micro in the same sector (1,470 companies) in 2024.
Score 2023–2025
- Multitrack AS
- Median: companies in the Morning class Micro in the same sector
What the numbers say
Multitrack AS had an operating margin of 7.2% and an equity ratio of 35.3% in 2024, and ranks 1,529 of 2,420 in Revisjon, regnskap og rådgivning.
From 2023 to 2024: the equity ratio fell from 100.0% to 35.3%.
This text is generated automatically from the 2024 accounts.
Three simple methods
The methods give between 0 MNOK and 1 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 22.4 | 0 MNOK |
| EV/EBIT | 17.4 | 1 MNOK |
| P/B | 4.1 | 0 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
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 0.2% 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.
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 5.4%. Based on the 7 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 57 | weight 30% |
|---|---|---|
| Solidity | 40 | weight 25% |
| Liquidity | 48 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 22 | weight 15% |
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is Multitrack AS?
The operating margin was 7.2% in 2024, against a median of 9.4% among companies in the Morning class Micro in the same sector. Return on assets was 31.0%.
How solid is Multitrack AS?
The equity ratio was 35.3% in 2024 (median 43.2%). Debt-to-equity was 1.84 (median 1.16).
What is the liquidity of Multitrack AS like?
The current ratio was 1.54 in 2024 (median 1.60).
How does Multitrack AS compare in Revisjon, regnskap og rådgivning?
Multitrack AS ranks 1,529 of 2,420 in Revisjon, regnskap og rådgivning for 2024. Among companies in the Morning class Micro it is number 919 of 1,470.
From the Central Coordinating Register
- Org. no.
- 832765082
- Legal form
- AS
- Sector
- Revisjon, regnskap og rådgivning (70.200)
- Morning company class
- Micro
- Employees
- 0–4 (not registered)
- Founded
- 12 December 2023 2 years in operation
- Share capital
- 0.03 MNOK
- Business address
- Hellerudgrenda 62, 0672 OSLO
- Municipality
- Oslo rank 63–220 of 357 in Norway
- Audit
- Audit opted out from 4 January 2024
- 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 1 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?
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 | – | 44 | 54 | |
| Rank | – | 1,529 | 1,013 | |
| Operating margin | – | 7.2% | 11.4% | |
| Return on assets | 0.0% | 31.0% | 33.3% | |
| Equity ratio | 100.0% | 35.3% | 38.9% | |
| Current ratio | – | 1.54 | 1.45 | |
| Revenue growth | – | – | 46.4% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | – | 1.2 MNOK | 1.7 MNOK |
| Operating profit | – | 0.1 MNOK | 0.2 MNOK |
| Profit before tax | 0.0 MNOK | 0.1 MNOK | 0.2 MNOK |
| Tax expense | – | 0.0 MNOK | 0.1 MNOK |
| Net profit | 0.0 MNOK | 0.1 MNOK | 0.1 MNOK |
| Financial expenses | – | 0.0 MNOK | 0.0 MNOK |
| Total assets | 0.0 MNOK | 0.3 MNOK | 0.6 MNOK |
| Current assets | 0.0 MNOK | 0.3 MNOK | 0.5 MNOK |
| Equity | 0.0 MNOK | 0.1 MNOK | 0.2 MNOK |
| Retained earnings | – | 0.1 MNOK | 0.2 MNOK |
| Total liabilities | 0.0 MNOK | 0.2 MNOK | 0.4 MNOK |
| Current liabilities | – | 0.2 MNOK | 0.4 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 30 October 2026, accounts id 5681443.
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