Sapi Consulting AS
Score · fiscal year 2025
35of 100
How to read this: the company is ahead of 23 % of companies in the Morning class Micro in the same sector in 2025. What does this mean?
Rank in the Morning class Micro: 1,561 of 2,035 · What are Morning company classes?
Place in the whole sector: 3,145 of 4,004 · Teknisk tjenesteyting og forskning
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 58 and solidity 0 out of 100 among companies in the Morning class Micro in the same sector in 2025. Methodology
Against the sector
Sapi Consulting AS is 15 points below the median for companies in the Morning class Micro in the same sector in 2025.
Median score 50 among 2,034 companies.
Against companies in the Morning class Micro in the same sector in 2025: operating margin 8.2% (median 4.9%) and equity ratio −8.9% (median 41.2%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 3 MNOK | 3 MNOK |
| Operating margin | 8.2% | 4.9% |
| Profit margin | – | 4.8% |
| Return on assets | – | 10.1% |
| Equity ratio | −8.9% | 41.2% |
| Debt-to-equity | – | 1.10 |
| Current ratio | 1.10 | 1.67 |
| Revenue growth | 12.4% | 5.1% |
The median and “ahead of” refer to companies in the Morning class Micro in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 35, Sapi Consulting AS does better than 23% of companies in the Morning class Micro in the same sector (2,035 companies) in 2025.
Score 2023–2025
- Sapi Consulting AS
- Median: companies in the Morning class Micro in the same sector
Sapi Consulting AS has a score of 35 for 2025, rank 3,145 of 4,004 in the sector.
Strongest: Growth: percentile 62 against peers, revenue growth 12.4% against a median of 5.1%.
Weakest: Solidity: percentile 0 against peers, equity ratio −8.9% against a median of 41.2%. Liquidity: percentile 27 against peers, current ratio 1.10 against a median of 1.67.
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 −8.9% (median 41.2%).
- What lies behind weak solidity, and will it last?
- What lies behind weak liquidity, and will it last?
- The change in operating margin in 2025 was 20.0 percentage points better than for comparable companies: the company +19.1, the industry −0.9 points. That is the company's own, not something that hit the whole industry.
Written by fixed rules from the figures. Describes the figures, does not explain causes. Not investment or financial advice. How the summary is made
The industry or the company: what drove the result?
In 2025 the operating margin of Sapi Consulting AS rose by 19.1 percentage points. Comparable companies fell by a median 0.9 points. So the company did 20.0 points better than the industry, for reasons of its own.
Over 2 year-to-year changes Sapi Consulting AS moved the same way as comparable companies 0 times. About 2% of the changes in operating margin were common to the industry; the rest was the company's own.
| Year | The company | Comparable (median) | Change, company | Change, industry | The company's own |
|---|---|---|---|---|---|
| 2024 | −10.9% | 5.8% | −21.6 percentage points | +0.0 percentage points | −21.7 percentage points |
| 2025 | 8.2% | 4.9% | +19.1 percentage points | −0.9 percentage points | +20.0 percentage points |
Comparable companies are those in the same industry and Morning company class. Their change shows what hit the whole industry, the sector drivers below included. The rest is the company's own: contracts, costs, one-off items or operations. The share is approximate, and we claim no cause.
The company and its sector's drivers
Prices, rate and currency that shape the sector's year, year by year beside the operating margin of Sapi Consulting AS. The figures stand side by side; we claim no cause.
Turnover index: architectural and engineering activities (indeks (2021 = 100))
Turnover index: architectural and engineering activities rose 8.1% in 2025; the operating margin of Sapi Consulting AS rose 19.1 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Turnover index: architectural and engineering activities, annual average | 99.0 | 108.8 | 127.9 | 146.4 | 158.3 | 155.2 (so far) |
| Change from the year before | +9.8% | +9.9% | +17.5% | +14.5% | +8.1% | −1.9% |
| The company's operating margin | – | – | 10.7% | −10.9% | 8.2% | – |
Source: SSB (13863, CC BY 4.0). Source
Turnover index: advertising and market research (indeks (2021 = 100))
Turnover index: advertising and market research rose 3.6% in 2025; the operating margin of Sapi Consulting AS rose 19.1 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Turnover index: advertising and market research, annual average | 99.4 | 113.5 | 108.3 | 106.9 | 110.7 | 126.1 (so far) |
| Change from the year before | +35.1% | +14.2% | −4.6% | −1.3% | +3.6% | +13.9% |
| The company's operating margin | – | – | 10.7% | −10.9% | 8.2% | – |
Source: SSB (13863, CC BY 4.0). Source
Turnover index: other professional and technical activities (indeks (2021 = 100))
Turnover index: other professional and technical activities rose 6.2% in 2025; the operating margin of Sapi Consulting AS rose 19.1 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Turnover index: other professional and technical activities, annual average | 98.3 | 121.6 | 139.4 | 131.0 | 139.1 | 158.0 (so far) |
| Change from the year before | +29.9% | +23.7% | +14.6% | −6.0% | +6.2% | +13.6% |
| The company's operating margin | – | – | 10.7% | −10.9% | 8.2% | – |
Source: SSB (13863, CC BY 4.0). Source
Service prices: architects and engineering (indeks (2021 = 100))
Service prices: architects and engineering rose 3.2% in 2025; the operating margin of Sapi Consulting AS rose 19.1 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Service prices: architects and engineering, annual average | 100.0 | 103.6 | 107.5 | 111.2 | 114.7 | 119.4 (so far) |
| Change from the year before | +1.2% | +3.5% | +3.8% | +3.4% | +3.2% | +4.2% |
| The company's operating margin | – | – | 10.7% | −10.9% | 8.2% | – |
Source: SSB (14335, CC BY 4.0). Source
Oil price (export price of crude oil) (kr per fat)
Oil price (export price of crude oil) fell 17.6% in 2025; the operating margin of Sapi Consulting AS rose 19.1 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Oil price (export price of crude oil), annual average | 609 | 979 | 877 | 859 | 708 | 881 (so far) |
| Change from the year before | +61.1% | +60.8% | −10.5% | −2.0% | −17.6% | +24.5% |
| The company's operating margin | – | – | 10.7% | −10.9% | 8.2% | – |
Source: SSB (08799, CC BY 4.0). Source
Policy rate (prosent)
Policy rate fell 0.20 percentage points in 2025; the operating margin of Sapi Consulting AS rose 19.1 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Policy rate, annual average | 0.08 | 1.32 | 3.54 | 4.50 | 4.30 | 4.17 (so far) |
| Change from the year before | −0.28 percentage points | +1.24 percentage points | +2.22 percentage points | +0.96 percentage points | −0.20 percentage points | −0.12 percentage points |
| The company's operating margin | – | – | 10.7% | −10.9% | 8.2% | – |
Source: Norges Bank (IR, NLOD 2.0). Source
EUR/NOK (kr)
EUR/NOK rose 0.8% in 2025; the operating margin of Sapi Consulting AS rose 19.1 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| EUR/NOK, annual average | 10.16 | 10.10 | 11.42 | 11.62 | 11.72 | 11.04 (so far) |
| Change from the year before | −5.2% | −0.6% | +13.1% | +1.8% | +0.8% | −5.8% |
| The company's operating margin | – | – | 10.7% | −10.9% | 8.2% | – |
Source: Norges Bank (EXR, NLOD 2.0). Source
Wage index: architects and engineering (indeks)
Wage index: architects and engineering rose 4.7% in 2025; the operating margin of Sapi Consulting AS rose 19.1 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Wage index: architects and engineering, annual average | 90.5 | 90.9 | 96.0 | 100.9 | 105.6 | 109.2 (so far) |
| Change from the year before | +7.4% | +0.5% | +5.6% | +5.2% | +4.7% | +3.4% |
| The company's operating margin | – | – | 10.7% | −10.9% | 8.2% | – |
Source: SSB (12314, CC BY 4.0). Source
We show the drivers and the margin side by side and claim no cause. Sensitivity per company is not computed until we have at least 10 years of accounts per company: with three years such figures are false precision.
What the numbers say
Sapi Consulting AS had an operating margin of 8.2% and an equity ratio of −8.9% in 2025, and ranks 3,145 of 4,004 in Teknisk tjenesteyting og forskning.
From 2024 to 2025: the operating margin rose from −10.9% to 8.2% and the equity ratio rose from −40.0% to −8.9%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 0 MNOK and 1 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 18.6 | 0 MNOK |
| EV/EBIT | 15.9 | 1 MNOK |
| P/B | 3.2 | not meaningful |
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
- critical
Equity is negative. How will it be rebuilt, and what do lenders and the auditor say about going concern?
Based on: Equity ratio −8.9% (median 41.2%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
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 | 58 | weight 30% |
|---|---|---|
| Solidity | 0 | weight 25% |
| Liquidity | 27 | weight 15% |
| Growth | 62 | weight 15% |
| Consistency | 27 | weight 15% |
Durability: 28 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Sapi Consulting AS?
The operating margin was 8.2% in 2025, against a median of 4.9% among companies in the Morning class Micro in the same sector. Return on assets was –.
How solid is Sapi Consulting AS?
The equity ratio was −8.9% in 2025 (median 41.2%). Equity is negative, so liabilities exceed assets.
What is the liquidity of Sapi Consulting AS like?
The current ratio was 1.10 in 2025 (median 1.67).
How does Sapi Consulting AS compare in Teknisk tjenesteyting og forskning?
Sapi Consulting AS ranks 3,145 of 4,004 in Teknisk tjenesteyting og forskning for 2025. Among companies in the Morning class Micro it is number 1,561 of 2,035. Revenue changed by 12.4% from the year before.
From the Central Coordinating Register
- Org. no.
- 914505232
- Legal form
- AS
- Sector
- Teknisk tjenesteyting og forskning (71.129)
- Morning company class
- Micro
- Employees
- 0–4 (not registered)
- Founded
- 12 November 2014 11 years in operation
- Share capital
- 0.03 MNOK
- Business address
- Rinda 4, 4321 SANDNES
- Municipality
- Sandnes rank 4 of 11 in KOSTRA group 12
- Audit
- Audit opted out from 21 November 2014
- 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
- 1 (one owner)
- Largest owner
- 100.0%
- Split
- companies 0% · private persons 100% · foreign 0%
- Owned from the same municipality
- 100%
- Group chain
- Ultimate owner: private person
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 31 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 34 | 15 | 35 | |
| Rank | 2,865 | 3,757 | 3,145 | |
| Operating margin | 10.7% | −10.9% | 8.2% | |
| Return on assets | 21.0% | −40.6% | – | |
| Equity ratio | 2.9% | −40.0% | −8.9% | |
| Current ratio | 1.15 | 0.68 | 1.10 | |
| Revenue growth | – | 5.1% | 12.4% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 2.4 MNOK | 2.6 MNOK | 2.9 MNOK |
| Operating profit | 0.3 MNOK | −0.3 MNOK | 0.2 MNOK |
| Profit before tax | 0.2 MNOK | −0.3 MNOK | – |
| Tax expense | 0.0 MNOK | 0.0 MNOK | – |
| Net profit | 0.2 MNOK | −0.3 MNOK | 0.2 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK | – |
| Total assets | 1.3 MNOK | 0.7 MNOK | 0.9 MNOK |
| Current assets | 0.8 MNOK | 0.3 MNOK | 0.6 MNOK |
| Equity | 0.0 MNOK | −0.3 MNOK | −0.1 MNOK |
| Retained earnings | 0.0 MNOK | −0.3 MNOK | −0.1 MNOK |
| Total liabilities | 1.3 MNOK | 1.0 MNOK | 1.0 MNOK |
| Current liabilities | 0.7 MNOK | 0.5 MNOK | 0.6 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 31 October 2026, accounts id 6461747.
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