Innovolve 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
6of 100
How to read this: the company is ahead of 1 % of companies in the Morning class Micro in the same sector in 2025. What does this mean?
Rank in the Morning class Micro: 1,718 of 1,739 · What are Morning company classes?
Place in the whole sector: 5,216 of 5,265 · Industri
Profile
Beaver · Builder
Lower profitability, lower resilience
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 6 and resilience 5 out of 100 among companies in the Morning class Micro in the same sector in 2025. Methodology
Against the sector
Innovolve AS is 45 points below the median for companies in the Morning class Micro in the same sector in 2025.
Median score 51 among 1,739 companies.
Against companies in the Morning class Micro in the same sector in 2025: operating margin −137.8% (median 3.3%) and equity ratio −8.1% (median 38.3%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 1 MNOK | 4 MNOK |
| Operating margin | −137.8% | 3.3% |
| Profit margin | −140.0% | 2.4% |
| Return on assets | −27.6% | 6.4% |
| Equity ratio | −8.1% | 38.3% |
| Debt-to-equity | – | 1.22 |
| Current ratio | 1.01 | 1.62 |
| Revenue growth | – | 4.4% |
The median and “ahead of” refer to companies in the Morning class Micro in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 6, Innovolve AS does better than 1% of companies in the Morning class Micro in the same sector (1,739 companies) in 2025.
Score over time
Score over time needs at least two fiscal years with a score. It will appear when next year's figures are fetched or history is imported.
Innovolve AS has a score of 6 for 2025, rank 5,216 of 5,265 in the sector.
Strongest: Liquidity: percentile 24 against peers, current ratio 1.01 against a median of 1.62.
Weakest: Solidity: percentile 0 against peers, equity ratio −8.1% against a median of 38.3%. Profitability: percentile 6 against peers, operating margin −137.8% against a median of 3.3%.
Worth a closer look
- Equity is negative. How will it be rebuilt, and what do lenders and the auditor say about going concern? Based on: equity ratio −8.1% (median 38.3%).
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin −140.0% (median 2.4%).
- The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors? Based on: operating margin −137.8% (median 3.3%).
- What lies behind weak solidity, and will it last?
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?
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 Innovolve AS. The figures stand side by side; we claim no cause.
Producer prices in manufacturing (indeks (2021 = 100))
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Producer prices in manufacturing, annual average | 100.0 | 124.7 | 129.5 | 134.4 | 138.3 | 146.0 (so far) |
| Change from the year before | +10.7% | +24.7% | +3.9% | +3.7% | +2.9% | +5.6% |
| The company's operating margin | – | – | – | – | −137.8% | – |
Source: SSB (12462, CC BY 4.0). Source
EUR/NOK (kr)
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| EUR/NOK, annual average | 10.16 | 10.10 | 11.42 | 11.62 | 11.72 | 11.04 (so far) |
| Change from the year before | −5.2% | −0.6% | +13.1% | +1.8% | +0.8% | −5.8% |
| The company's operating margin | – | – | – | – | −137.8% | – |
Source: Norges Bank (EXR, NLOD 2.0). Source
Wholesale power price (øre per kWh)
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Wholesale power price, annual average | 64.2 | 141.7 | 72.0 | 49.4 | 54.0 | 96.5 (so far) |
| Change from the year before | +466.7% | +120.8% | −49.2% | −31.4% | +9.4% | +78.4% |
| The company's operating margin | – | – | – | – | −137.8% | – |
Source: SSB (09363, CC BY 4.0). Source
USD/NOK (kr)
| 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 | – | – | – | – | −137.8% | – |
Source: Norges Bank (EXR, NLOD 2.0). Source
Wage index: fabricated metal products (indeks)
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Wage index: fabricated metal products, annual average | 88.0 | 91.5 | 96.9 | 102.1 | 108.0 | 112.8 (so far) |
| Change from the year before | +3.1% | +3.9% | +6.0% | +5.4% | +5.8% | +4.5% |
| The company's operating margin | – | – | – | – | −137.8% | – |
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
Innovolve AS had an operating margin of −137.8% and an equity ratio of −8.1% in 2025, and ranks 5,216 of 5,265 in Industri.
From 2024 to 2025: the equity ratio fell from 97.2% to −8.1%.
This text is generated automatically from the 2025 accounts.
Three simple methods
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 22.2 | not meaningful |
| EV/EBIT | 18.6 | not meaningful |
| P/B | 3.0 | not meaningful |
The NACE code has no listed industry of its own in the table, so the multiples are the sector median: Machinery, Food Processing, Chemical (Specialty), Building Materials, Packaging & Container.
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
- critical
Equity is negative. How will it be rebuilt, and what do lenders and the auditor say about going concern?
Based on: Equity ratio −8.1% (median 38.3%).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −140.0% (median 2.4%).
- watch
The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors?
Based on: Operating margin −137.8% (median 3.3%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 0.5% 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
- watch Extreme margin: check the figures
- critical Negative equity
Scenario analysis: the sector's weakest year
We have no accounts for 2022, the sector's weakest year, for this company.
The sector's weakest year was 2022, with a median operating margin of −0.2%. Based on the 10 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 6 | weight 40% |
|---|---|---|
| Solidity | 0 | weight 20% |
| Liquidity | 24 | weight 5% |
| Growth | – | no data, left out |
| Consistency | 7 | weight 10% |
Three goals: profitability 40%, growth 25%, resilience 35%. Why these weights?
Index version 3. Data completeness 75%: the share of the weights that had data.
Questions and answers
How profitable is Innovolve AS?
The operating margin was −137.8% in 2025, against a median of 3.3% among companies in the Morning class Micro in the same sector. Return on assets was −27.6%. The company made a loss before tax.
How solid is Innovolve AS?
The equity ratio was −8.1% in 2025 (median 38.3%). Equity is negative, so liabilities exceed assets.
What is the liquidity of Innovolve AS like?
The current ratio was 1.01 in 2025 (median 1.62).
How does Innovolve AS compare in Industri?
Innovolve AS ranks 5,216 of 5,265 in Industri for 2025. Among companies in the Morning class Micro it is number 1,718 of 1,739.
Competitors
The 8 closest competitors in the same line of business, placed in the same matrix as the sector page: profitability up, resilience to the right. These are the companies the competitor analysis and the strategy report compare with.
| Company | Profile | Operating revenue | Operating margin | Score |
|---|---|---|---|---|
| Ecobait AS |  Elephant |
2 MNOK | −103.1% | 52 |
| Halland Instruments AS |  Lion |
2 MNOK | 15.1% | 78 |
| Norice AS |  Beaver |
2 MNOK | −14.3% | 26 |
| GLASS & Ramme AS | Beaver |
2 MNOK | −4.2% | 19 |
| Søberg Gård AS | Beaver |
2 MNOK | 0.2% | 34 |
| Far Seafood AS | Beaver |
1 MNOK | −72.0% | 9 |
| Norano-Alf Gunstrøm AS | Lion |
1 MNOK | 6.1% | 60 |
| Innovolve AS (this company) | Beaver |
1 MNOK | −137.8% | 6 |
| Smartbar AS · same municipality | Elephant |
1 MNOK | −28.4% | 38 |
The selection is the closest in revenue within the same industry code. When you order, you can swap competitors. Order competitor analysis
From the Central Coordinating Register
- Org. no.
- 833813862
- Legal form
- AS
- Sector
- Industri (32.990)
- Morning company class
- Micro
- Employees
- 0–4 (not registered)
- Founded
- 3 May 2024 2 years in operation
- Share capital
- 0.03 MNOK
- Business address
- Husebybakken 28B, 0379 OSLO
- Municipality
- Oslo rank 63–220 of 357 in Norway
- Audit
- Audit opted out from 22 July 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
- 28
- Largest owner
- 37.4% · top three 78.1%
- Split
- companies 51% · private persons 49% · foreign 1%
- Owned from the same municipality
- 80%
- Owners over 60
- 0% of the shares held by persons (median age 50)
- Jonas Langseth Holding AS · 37.4%
- Tinderekka Invest AS · 2.0%
- Nordrenna Holding AS · 1.9%
- Gamme AS · 1.9%
- MOUNTAIN SAFETY & Medicine AS · 1.0%
- Avtale AS · 1.0%
- Sollie Development AS · 1.0%
- Futrono Holding AS · 1.0%
- Bratt Lende AS · 1.0%
- Norse Vanguard AS · 0.8%
- 14 private persons · 49.5%
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 · 2024–2025
| Key figure | 2024 | 2025 | Trend |
|---|---|---|---|
| Index | – | 6 | |
| Rank | – | 5,216 | |
| Operating margin | – | −137.8% | |
| Return on assets | −205.7% | −27.6% | |
| Equity ratio | 97.2% | −8.1% | |
| Current ratio | 35.24 | 1.01 | |
| Revenue growth | – | – |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2024 | 2025 |
|---|---|---|
| Operating revenue | 0.0 MNOK | 1.1 MNOK |
| Operating profit | −0.5 MNOK | −1.5 MNOK |
| Profit before tax | −0.5 MNOK | −1.5 MNOK |
| Tax expense | – | – |
| Net profit | −0.5 MNOK | −1.5 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK |
| Total assets | 0.2 MNOK | 5.5 MNOK |
| Current assets | 0.2 MNOK | 5.5 MNOK |
| Equity | 0.2 MNOK | −0.4 MNOK |
| Retained earnings | −0.5 MNOK | −2.0 MNOK |
| Total liabilities | 0.0 MNOK | 5.9 MNOK |
| Current liabilities | 0.0 MNOK | 5.4 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 30 October 2026, accounts id 6986624.
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