Nec AS
Score · fiscal year 2024
34of 100
How to read this: the company is ahead of 15 % of companies in the Morning class Medium in the same sector in 2024. What does this mean?
Rank in the Morning class Medium: 225 of 265 · What are Morning company classes?
Place in the whole sector: 5,838 of 6,988 · Eiendom
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 25 and solidity 7 out of 100 among companies in the Morning class Medium in the same sector in 2024. Methodology
Against the sector
Nec AS is 17 points below the median for companies in the Morning class Medium in the same sector in 2024.
Median score 51 among 265 companies.
Against companies in the Morning class Medium in the same sector in 2024: operating margin 0.7% (median 14.1%) and equity ratio 2.1% (median 25.2%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 69 MNOK | 89 MNOK |
| Operating margin | 0.7% | 14.1% |
| Profit margin | 0.2% | 10.3% |
| Return on assets | 4.8% | 6.9% |
| Equity ratio | 2.1% | 25.2% |
| Debt-to-equity | 47.55 | 2.58 |
| Current ratio | 1.01 | 1.33 |
| Revenue growth | 1,697.5% | 8.3% |
| Revenue per employee | 7.67 MNOK | 3.09 MNOK |
The median and “ahead of” refer to companies in the Morning class Medium in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
With an index of 34, Nec AS does better than 15% of companies in the Morning class Medium in the same sector (265 companies) in 2024.
Score 2023–2025
- Nec AS
- Median: companies in the Morning class Medium in the same sector
What the numbers say
Nec AS had an operating margin of 0.7% and an equity ratio of 2.1% in 2024, and ranks 5,838 of 6,988 in Eiendom.
From 2023 to 2024: revenue grew by 1,697% and went from a loss to a profit before tax.
This text is generated automatically from the 2024 accounts.
Three simple methods
The methods give between 0 MNOK and 6 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 1 MNOK |
| EV/EBIT | 8.0 | 6 MNOK |
| P/B | 1.0 | 0 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
- watch
The equity ratio is very low. Could the company absorb a bad year, and does it need more equity?
Based on: Equity ratio 2.1% (median 25.2%).
- 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 0.7% (median 14.1%).
- watch
Strong growth with weak liquidity. Is the growth financed, or does it tie up capital the company does not have?
Based on: Revenue growth 1,697.5% (median 8.3%); Current ratio 1.01 (median 1.33).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 4.0% 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 2022, the sector's weakest year, for this company.
The sector's weakest year was 2022, with a median operating margin of 31.0%. Based on the 9 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 25 | weight 30% |
|---|---|---|
| Solidity | 7 | weight 25% |
| Liquidity | 34 | weight 15% |
| Growth | 96 | weight 15% |
| Consistency | 32 | weight 15% |
Durability: 26 (average over 2 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Nec AS?
The operating margin was 0.7% in 2024, against a median of 14.1% among companies in the Morning class Medium in the same sector. Return on assets was 4.8%.
How solid is Nec AS?
The equity ratio was 2.1% in 2024 (median 25.2%). Debt-to-equity was 47.55 (median 2.58).
What is the liquidity of Nec AS like?
The current ratio was 1.01 in 2024 (median 1.33).
How does Nec AS compare in Eiendom?
Nec AS ranks 5,838 of 6,988 in Eiendom for 2024. Among companies in the Morning class Medium it is number 225 of 265. Revenue changed by 1,697.5% from the year before.
From the Central Coordinating Register
- Org. no.
- 898438422
- Legal form
- AS
- Sector
- Eiendom (68.320)
- Morning company class
- Medium
- Employees
- 9 registered 10 September 2026
- Founded
- 2 May 2012 14 years in operation
- Share capital
- 0.10 MNOK
- Business address
- Christies gate 14, 5015 BERGEN
- Municipality
- Bergen rank 8 of 11 in KOSTRA group 12
- 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.
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 | 19 | 34 | 23 | |
| Rank | 6,402 | 5,838 | 6,784 | |
| Operating margin | 1.7% | 0.7% | 6.6% | |
| Return on assets | 0.9% | 4.8% | 4.4% | |
| Equity ratio | 1.5% | 2.1% | 2.7% | |
| Current ratio | 1.01 | 1.01 | 1.02 | |
| Revenue growth | – | 1,697.5% | −90.3% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 3.8 MNOK | 69.1 MNOK | 6.7 MNOK |
| Operating profit | 0.1 MNOK | 0.5 MNOK | 0.4 MNOK |
| Profit before tax | −0.4 MNOK | 0.1 MNOK | 0.0 MNOK |
| Net profit | −0.4 MNOK | 0.1 MNOK | 0.0 MNOK |
| Financial expenses | 0.5 MNOK | 0.5 MNOK | 0.5 MNOK |
| Total assets | 11.8 MNOK | 13.0 MNOK | 10.8 MNOK |
| Current assets | 11.7 MNOK | 13.0 MNOK | 10.8 MNOK |
| Equity | 0.2 MNOK | 0.3 MNOK | 0.3 MNOK |
| Retained earnings | 0.1 MNOK | 0.2 MNOK | 0.2 MNOK |
| Total liabilities | 11.6 MNOK | 12.8 MNOK | 10.5 MNOK |
| Current liabilities | 11.6 MNOK | 12.8 MNOK | 10.5 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 30 October 2026, accounts id 6169165.
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