E-Sec AS
Score · fiscal year 2024
77of 100
How to read this: the company is ahead of 93 % of companies in the Morning class Micro in the same sector in 2024. What does this mean?
Rank in the Morning class Micro: 93 of 1,371 · What are Morning company classes?
Place in the whole sector: 173 of 3,254 · Informasjon og kommunikasjon
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 78 and solidity 85 out of 100 among companies in the Morning class Micro in the same sector in 2024. Methodology
Against the sector
E-Sec AS is 27 points above the median for companies in the Morning class Micro in the same sector in 2024.
Median score 50 among 1,371 companies.
Against companies in the Morning class Micro in the same sector in 2024: operating margin 24.2% (median 3.1%) and equity ratio 79.3% (median 39.5%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 2 MNOK | 3 MNOK |
| Operating margin | 24.2% | 3.1% |
| Profit margin | 23.9% | 3.2% |
| Return on assets | 31.7% | 6.9% |
| Equity ratio | 79.3% | 39.5% |
| Debt-to-equity | 0.26 | 1.08 |
| Current ratio | 4.51 | 1.55 |
| Revenue growth | 6.2% | 8.0% |
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 77, E-Sec AS does better than 93% of companies in the Morning class Micro in the same sector (1,371 companies) in 2024.
Score 2023–2025
- E-Sec AS
- Median: companies in the Morning class Micro in the same sector
What the numbers say
E-Sec AS had an operating margin of 24.2% and an equity ratio of 79.3% in 2024, and ranks 173 of 3,254 in Informasjon og kommunikasjon.
From 2023 to 2024: the equity ratio rose from 61.9% to 79.3%.
This text is generated automatically from the 2024 accounts.
Three simple methods
The methods give between 2 MNOK and 5 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 17.7 | 4 MNOK |
| EV/EBIT | 14.3 | 5 MNOK |
| P/B | 2.6 | 2 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
- positive
Upper quartile on profitability, solidity and liquidity. What sets this company apart from the rest of the sector?
Based on: Operating margin 24.2% (median 3.1%); Equity ratio 79.3% (median 39.5%); Current ratio 4.51 (median 1.55).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 2.0% 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.
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 4.1%. 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 | 78 | weight 30% |
|---|---|---|
| Solidity | 85 | weight 25% |
| Liquidity | 87 | weight 15% |
| Growth | 47 | weight 15% |
| Consistency | 83 | weight 15% |
Durability: 76 (average over 2 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is E-Sec AS?
The operating margin was 24.2% in 2024, against a median of 3.1% among companies in the Morning class Micro in the same sector. Return on assets was 31.7%.
How solid is E-Sec AS?
The equity ratio was 79.3% in 2024 (median 39.5%). Debt-to-equity was 0.26 (median 1.08).
What is the liquidity of E-Sec AS like?
The current ratio was 4.51 in 2024 (median 1.55).
How does E-Sec AS compare in Informasjon og kommunikasjon?
E-Sec AS ranks 173 of 3,254 in Informasjon og kommunikasjon for 2024. Among companies in the Morning class Micro it is number 93 of 1,371. Revenue changed by 6.2% from the year before.
From the Central Coordinating Register
- Org. no.
- 897113732
- Legal form
- AS
- Sector
- Informasjon og kommunikasjon (62.200)
- Morning company class
- Micro
- Employees
- 0–4 (not registered)
- Founded
- 1 July 2011 15 years in operation
- Share capital
- 0.10 MNOK
- Business address
- Vardevegen 38, 2054 MOGREINA (ULLENSAKER)
- Municipality
- Ullensaker rank 4–12 of 13 in KOSTRA group 10
- Audit
- Audit opted out from 5 July 2011
- 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 2 November 2026. Only names are shown.
Shareholders (2025)
- Number of shareholders
- 2
- Largest owner
- 50.0%
- Split
- companies 0% · private persons 100% · foreign 0%
- Owned from the same municipality
- 100%
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 | 75 | 77 | – | |
| Rank | 388 | 173 | – | |
| Operating margin | 25.8% | 24.2% | −399.3% | |
| Return on assets | 36.0% | 31.7% | −130.8% | |
| Equity ratio | 61.9% | 79.3% | 32.3% | |
| Current ratio | 2.65 | 4.51 | 1.42 | |
| Revenue growth | – | 6.2% | −88.0% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 2.2 MNOK | 2.4 MNOK | 0.3 MNOK |
| Operating profit | 0.6 MNOK | 0.6 MNOK | −1.1 MNOK |
| Profit before tax | 0.6 MNOK | 0.6 MNOK | −1.2 MNOK |
| Tax expense | 0.0 MNOK | 0.1 MNOK | 0.0 MNOK |
| Net profit | 0.5 MNOK | 0.4 MNOK | −1.2 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Total assets | 1.6 MNOK | 1.8 MNOK | 0.9 MNOK |
| Current assets | 1.4 MNOK | 1.7 MNOK | 0.2 MNOK |
| Equity | 1.0 MNOK | 1.4 MNOK | 0.3 MNOK |
| Retained earnings | 0.9 MNOK | 1.3 MNOK | 0.2 MNOK |
| Total liabilities | 0.6 MNOK | 0.4 MNOK | 0.6 MNOK |
| Current liabilities | 0.5 MNOK | 0.4 MNOK | 0.2 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 30 October 2026, accounts id 6212145.
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