Bitmap AS
Score · fiscal year 2025
7of 100
How to read this: the company is ahead of 1 % of companies in the Morning class Small in the same sector in 2025. What does this mean?
Rank in the Morning class Small: 1,112 of 1,124 · What are Morning company classes?
Place in the whole sector: 3,560 of 3,597 · Teknisk tjenesteyting og forskning
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 9 and solidity 0 out of 100 among companies in the Morning class Small in the same sector in 2025. Methodology
Against the sector
Bitmap AS is 44 points below the median for companies in the Morning class Small in the same sector in 2025.
Median score 51 among 1,124 companies.
Against companies in the Morning class Small in the same sector in 2025: operating margin −12.4% (median 5.2%) and equity ratio −85.2% (median 33.1%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 10 MNOK | 22 MNOK |
| Operating margin | −12.4% | 5.2% |
| Profit margin | −16.5% | 5.1% |
| Return on assets | −28.3% | 13.3% |
| Equity ratio | −85.2% | 33.1% |
| Debt-to-equity | – | 1.78 |
| Current ratio | 0.38 | 1.42 |
| Revenue growth | −31.4% | 8.8% |
| Revenue per employee | 1.30 MNOK | 1.55 MNOK |
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 7, Bitmap AS does better than 1% of companies in the Morning class Small in the same sector (1,124 companies) in 2025.
Score 2023–2025
- Bitmap AS
- Median: companies in the Morning class Small in the same sector
Bitmap AS has a score of 7 for 2025, rank 3,560 of 3,597 in the sector.
Strongest: Consistency: percentile 22 against peers.
Weakest: Solidity: percentile 0 against peers, equity ratio −85.2% against a median of 33.1%. Liquidity: percentile 3 against peers, current ratio 0.38 against a median of 1.42.
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 −85.2% (median 33.1%).
- Consider strengthening liquidity: current liabilities are 2.6 times current assets. Based on: current ratio 0.38 (median 1.42).
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin −16.5% (median 5.1%).
- 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
What the numbers say
Bitmap AS had an operating margin of −12.4% and an equity ratio of −85.2% in 2025, and ranks 3,560 of 3,597 in Teknisk tjenesteyting og forskning.
From 2024 to 2025: revenue fell by 31% and the operating margin fell from −7.4% to −12.4%.
This text is generated automatically from the 2025 accounts.
Three simple methods
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | not meaningful |
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
- critical
Equity is negative. How will it be rebuilt, and what do lenders and the auditor say about going concern?
Based on: Equity ratio −85.2% (median 33.1%).
- critical
Consider strengthening liquidity: current liabilities are 2.6 times current assets.
Based on: Current ratio 0.38 (median 1.42).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −16.5% (median 5.1%).
- 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 −12.4% (median 5.2%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 5.2% 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
- critical Negative equity
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
What the score is made of
| Profitability | 9 | weight 30% |
|---|---|---|
| Solidity | 0 | weight 25% |
| Liquidity | 3 | weight 15% |
| Growth | 4 | weight 15% |
| Consistency | 22 | weight 15% |
Durability: 8 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Bitmap AS?
The operating margin was −12.4% in 2025, against a median of 5.2% among companies in the Morning class Small in the same sector. Return on assets was −28.3%. The company made a loss before tax.
How solid is Bitmap AS?
The equity ratio was −85.2% in 2025 (median 33.1%). Equity is negative, so liabilities exceed assets.
What is the liquidity of Bitmap AS like?
The current ratio was 0.38 in 2025 (median 1.42). Current assets did not cover current liabilities.
How does Bitmap AS compare in Teknisk tjenesteyting og forskning?
Bitmap AS ranks 3,560 of 3,597 in Teknisk tjenesteyting og forskning for 2025. Among companies in the Morning class Small it is number 1,112 of 1,124. Revenue changed by −31.4% from the year before.
From the Central Coordinating Register
- Org. no.
- 877675122
- Legal form
- AS
- Sector
- Teknisk tjenesteyting og forskning (74.120)
- Morning company class
- Small
- Employees
- 8 registered 10 August 2026
- Founded
- 7 May 1997 29 years in operation
- Share capital
- 2.80 MNOK
- Business address
- Opstadveien 7, 4331 ÅLGÅRD (GJESDAL)
- Municipality
- Gjesdal rank 3–15 of 38 in KOSTRA group 7
- Latest accounts filed
- 2025
- Website
- www.bitmap.no
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
- 5
- Largest owner
- 49.7% · top three 99.8%
- Split
- companies 99% · private persons 1% · foreign 0%
- Owned from the same municipality
- 50%
- Owners over 60
- 80% of the shares held by persons (median age 62)
- Ålgård Offset Finans AS · 49.7%
- Windhammer AS · 49.7%
- 3 private persons · 0.6%
Change 2007–2025:
50% of the shares changed owner (1 new and 1 departed owners). The majority owner changed.
New owners (companies): Ålgård Offset Finans AS
Departed (companies): Tollak Melberg AS
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 | 4 | 12 | 7 | |
| Rank | 3,425 | 3,439 | 3,560 | |
| Operating margin | −10.0% | −7.4% | −12.4% | |
| Return on assets | −28.9% | −24.9% | −28.3% | |
| Equity ratio | −53.3% | −93.6% | −85.2% | |
| Current ratio | 0.40 | 0.33 | 0.38 | |
| Revenue growth | – | 10.5% | −31.4% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 13.7 MNOK | 15.2 MNOK | 10.4 MNOK |
| Operating profit | −1.4 MNOK | −1.1 MNOK | −1.3 MNOK |
| Profit before tax | −1.8 MNOK | −1.6 MNOK | −1.7 MNOK |
| Tax expense | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Net profit | −1.8 MNOK | −1.6 MNOK | −1.7 MNOK |
| Financial expenses | 0.5 MNOK | 0.5 MNOK | 0.4 MNOK |
| Total assets | 4.7 MNOK | 4.4 MNOK | 4.5 MNOK |
| Current assets | 2.9 MNOK | 2.8 MNOK | 3.2 MNOK |
| Equity | −2.5 MNOK | −4.1 MNOK | −3.9 MNOK |
| Retained earnings | −3.3 MNOK | −4.9 MNOK | −6.7 MNOK |
| Total liabilities | 7.2 MNOK | 8.6 MNOK | 8.4 MNOK |
| Current liabilities | 7.2 MNOK | 8.6 MNOK | 8.4 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 30 October 2026, accounts id 7021650.
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