Raincode AS
Score · fiscal year 2023
81of 100
How to read this: the company is ahead of 90 % of companies in the Morning class Micro in the same sector in 2023. What does this mean?
Rank in the Morning class Micro: 116 of 1,141 · What are Morning company classes?
Place in the whole sector: 178 of 2,237 · Informasjon og kommunikasjon
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2023, not a verdict on the company. Based on profitability 60 and solidity 91 out of 100 among companies in the Morning class Micro in the same sector in 2023. Methodology
Against the sector
Raincode AS is 33 points above the median for companies in the Morning class Micro in the same sector in 2023.
Median score 48 among 1,141 companies.
Against companies in the Morning class Micro in the same sector in 2023: operating margin 14.4% (median 5.0%) and equity ratio 86.5% (median 40.3%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 2 MNOK | 3 MNOK |
| Operating margin | 14.4% | 5.0% |
| Profit margin | 15.8% | 4.9% |
| Return on assets | 12.1% | 9.7% |
| Equity ratio | 86.5% | 40.3% |
| Debt-to-equity | 0.16 | 1.13 |
| Current ratio | 7.34 | 1.54 |
| Revenue growth | – | 4.6% |
The median and “ahead of” refer to companies in the Morning class Micro in the same sector in 2023. The bar shows the share of companies the figure is ahead of.
With an index of 81, Raincode AS does better than 90% of companies in the Morning class Micro in the same sector (1,141 companies) in 2023.
Score 2023–2025
- Raincode AS
- Median: companies in the Morning class Micro in the same sector
What the numbers say
Raincode AS had an operating margin of 14.4% and an equity ratio of 86.5% in 2023, and ranks 178 of 2,237 in Informasjon og kommunikasjon.
This text is generated automatically from the 2023 accounts.
Three simple methods
The methods give between 2 MNOK and 4 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 2 MNOK |
| EV/EBIT | 8.0 | 4 MNOK |
| P/B | 1.0 | 2 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
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 0.1% of the debt in 2023. The policy rate averaged 3.54 % 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 4.0%. 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 | 60 | weight 30% |
|---|---|---|
| Solidity | 91 | weight 25% |
| Liquidity | 94 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 92 | weight 15% |
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is Raincode AS?
The operating margin was 14.4% in 2023, against a median of 5.0% among companies in the Morning class Micro in the same sector. Return on assets was 12.1%.
How solid is Raincode AS?
The equity ratio was 86.5% in 2023 (median 40.3%). Debt-to-equity was 0.16 (median 1.13).
What is the liquidity of Raincode AS like?
The current ratio was 7.34 in 2023 (median 1.54).
How does Raincode AS compare in Informasjon og kommunikasjon?
Raincode AS ranks 178 of 2,237 in Informasjon og kommunikasjon for 2023. Among companies in the Morning class Micro it is number 116 of 1,141.
From the Central Coordinating Register
- Org. no.
- 889247762
- Legal form
- AS
- Sector
- Informasjon og kommunikasjon (62.100)
- Morning company class
- Micro
- Employees
- 0–4 (not registered)
- Founded
- 7 November 2005 20 years in operation
- Share capital
- 0.10 MNOK
- Business address
- 7 etasje, C. Sundts gate 1, 5004 BERGEN
- Municipality
- Bergen rank 8 of 11 in KOSTRA group 12
- Audit
- Audit opted out from 30 November 2013
- Latest accounts filed
- 2025
- Website
- www.raincode.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 2 November 2026. Only names are shown.
Owners and shareholdings will appear here once the shareholder data extract is in place.
Coming · not built yet
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 | 81 | 69 | 20 | |
| Rank | 178 | 332 | 2,162 | |
| Operating margin | 14.4% | 8.5% | −35.0% | |
| Return on assets | 12.1% | 7.6% | −14.9% | |
| Equity ratio | 86.5% | 89.1% | 16.4% | |
| Current ratio | 7.34 | 9.14 | 1.20 | |
| Revenue growth | – | −4.1% | −40.2% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 1.8 MNOK | 1.7 MNOK | 1.0 MNOK |
| Operating profit | 0.3 MNOK | 0.1 MNOK | −0.4 MNOK |
| Profit before tax | 0.3 MNOK | 0.2 MNOK | −0.3 MNOK |
| Net profit | 0.2 MNOK | 0.1 MNOK | −0.3 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Total assets | 2.3 MNOK | 2.4 MNOK | 2.0 MNOK |
| Current assets | 2.3 MNOK | 2.4 MNOK | 2.0 MNOK |
| Equity | 2.0 MNOK | 2.1 MNOK | 0.3 MNOK |
| Retained earnings | 1.9 MNOK | 2.0 MNOK | 0.2 MNOK |
| Total liabilities | 0.3 MNOK | 0.3 MNOK | 1.7 MNOK |
| Current liabilities | 0.3 MNOK | 0.3 MNOK | 1.7 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 30 October 2026, accounts id 4610533.
Further
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