JB-SYSTEMS AS
Score · fiscal year 2025
37of 100
How to read this: the company is ahead of 25 % of companies in the Morning class Small in the same sector in 2025. What does this mean?
Rank in the Morning class Small: 5,577 of 7,421 · What are Morning company classes?
Place in the whole sector: 17,120 of 23,059 · Handel
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 45 and solidity 11 out of 100 among companies in the Morning class Small in the same sector in 2025. Methodology
Against the sector
JB-SYSTEMS AS is 14 points below the median for companies in the Morning class Small in the same sector in 2025.
Median score 51 among 7,421 companies.
Against companies in the Morning class Small in the same sector in 2025: operating margin 4.2% (median 3.4%) and equity ratio 5.8% (median 36.3%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 10 MNOK | 20 MNOK |
| Operating margin | 4.2% | 3.4% |
| Profit margin | 3.7% | 3.0% |
| Return on assets | 4.9% | 10.0% |
| Equity ratio | 5.8% | 36.3% |
| Debt-to-equity | 16.24 | 1.52 |
| Current ratio | 1.15 | 1.73 |
| Revenue growth | 317.2% | 5.7% |
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 37, JB-SYSTEMS AS does better than 25% of companies in the Morning class Small in the same sector (7,421 companies) in 2025.
Score 2023–2025
- JB-SYSTEMS AS
- Median: companies in the Morning class Small in the same sector
JB-SYSTEMS AS has a score of 37 for 2025, rank 17,120 of 23,059 in the sector.
Strongest: Growth: percentile 98 against peers, revenue growth 317.2% against a median of 5.7%.
Weakest: Solidity: percentile 11 against peers, equity ratio 5.8% against a median of 36.3%. Consistency: percentile 15 against peers.
Worth a closer look
- The equity ratio is very low. Could the company absorb a bad year, and does it need more equity? Based on: equity ratio 5.8% (median 36.3%).
- Strong growth with weak liquidity. Is the growth financed, or does it tie up capital the company does not have? Based on: revenue growth 317.2% (median 5.7%); current ratio 1.15 (median 1.73).
- What lies behind weak solidity, and will it last?
- What lies behind weak consistency, 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
JB-SYSTEMS AS had an operating margin of 4.2% and an equity ratio of 5.8% in 2025, and ranks 17,120 of 23,059 in Handel.
From 2024 to 2025: revenue grew by 317% and went from a loss to a profit before tax.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 1 MNOK and 3 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 3 MNOK |
| EV/EBIT | 8.0 | 2 MNOK |
| P/B | 1.0 | 1 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 5.8% (median 36.3%).
- 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 317.2% (median 5.7%); Current ratio 1.15 (median 1.73).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 0.7% 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
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 1.5%. Based on the 11 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 45 | weight 30% |
|---|---|---|
| Solidity | 11 | weight 25% |
| Liquidity | 22 | weight 15% |
| Growth | 98 | weight 15% |
| Consistency | 15 | weight 15% |
Durability: 31 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is JB-SYSTEMS AS?
The operating margin was 4.2% in 2025, against a median of 3.4% among companies in the Morning class Small in the same sector. Return on assets was 4.9%.
How solid is JB-SYSTEMS AS?
The equity ratio was 5.8% in 2025 (median 36.3%). Debt-to-equity was 16.24 (median 1.52).
What is the liquidity of JB-SYSTEMS AS like?
The current ratio was 1.15 in 2025 (median 1.73).
How does JB-SYSTEMS AS compare in Handel?
JB-SYSTEMS AS ranks 17,120 of 23,059 in Handel for 2025. Among companies in the Morning class Small it is number 5,577 of 7,421. Revenue changed by 317.2% from the year before.
From the Central Coordinating Register
- Org. no.
- 911567709
- Legal form
- AS
- Sector
- Handel (46.640)
- Morning company class
- Small
- Employees
- 0–4 (not registered)
- Founded
- 18 January 2013 13 years in operation
- Share capital
- 0.10 MNOK
- Business address
- Industrivegen 12, 7900 RØRVIK (NÆRØYSUND)
- Municipality
- Nærøysund rank 2–7 of 9 in KOSTRA group 3
- 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
- Chief executive
- Jim Gunnar Bakken
- Chair of the board
- Jim Gunnar Bakken
- Deputy member
- Stein-Harald Strand
- Auditor
- DEGERSTRØMS REVISJON AS
- Accountant
- FIDE REGNSKAP AS
Source: Central Coordinating Register, fetched 29 October 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 26 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 40 | 17 | 37 | |
| Rank | 13,827 | 20,916 | 17,120 | |
| Operating margin | 0.6% | −13.2% | 4.2% | |
| Return on assets | 0.8% | −15.1% | 4.9% | |
| Equity ratio | 28.6% | 11.4% | 5.8% | |
| Current ratio | 1.45 | 0.80 | 1.15 | |
| Revenue growth | – | −12.5% | 317.2% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 2.8 MNOK | 2.5 MNOK | 10.2 MNOK |
| Operating profit | 0.0 MNOK | −0.3 MNOK | 0.4 MNOK |
| Profit before tax | 0.0 MNOK | −0.4 MNOK | 0.4 MNOK |
| Net profit | 0.0 MNOK | −0.3 MNOK | 0.3 MNOK |
| Financial expenses | 0.1 MNOK | 0.1 MNOK | 0.1 MNOK |
| Total assets | 1.9 MNOK | 2.1 MNOK | 8.8 MNOK |
| Current assets | 1.3 MNOK | 1.3 MNOK | 8.2 MNOK |
| Equity | 0.6 MNOK | 0.2 MNOK | 0.5 MNOK |
| Retained earnings | 0.5 MNOK | 0.1 MNOK | 0.4 MNOK |
| Total liabilities | 1.4 MNOK | 1.9 MNOK | 8.3 MNOK |
| Current liabilities | 0.9 MNOK | 1.6 MNOK | 7.1 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 6845708.
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