Alpha Projects AS
Score · fiscal year 2025
63of 100
How to read this: the company is ahead of 75 % of companies in the Morning class Micro in the same sector in 2025. What does this mean?
Rank in the Morning class Micro: 474 of 1,879 · What are Morning company classes?
Place in the whole sector: 835 of 3,597 · 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 90 and solidity 31 out of 100 among companies in the Morning class Micro in the same sector in 2025. Methodology
Against the sector
Alpha Projects AS is 13 points above the median for companies in the Morning class Micro in the same sector in 2025.
Median score 50 among 1,878 companies.
Against companies in the Morning class Micro in the same sector in 2025: operating margin 31.5% (median 5.5%) and equity ratio 27.6% (median 42.7%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 9 MNOK | 3 MNOK |
| Operating margin | 31.5% | 5.5% |
| Profit margin | 31.5% | 5.3% |
| Return on assets | 60.8% | 10.5% |
| Equity ratio | 27.6% | 42.7% |
| Debt-to-equity | 2.63 | 1.04 |
| Current ratio | 1.42 | 1.69 |
| Revenue growth | 30.3% | 4.9% |
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 63, Alpha Projects AS does better than 75% of companies in the Morning class Micro in the same sector (1,879 companies) in 2025.
Score 2023–2025
- Alpha Projects AS
- Median: companies in the Morning class Micro in the same sector
Alpha Projects AS has a score of 63 for 2025, rank 835 of 3,597 in the sector.
Strongest: Profitability: percentile 90 against peers, operating margin 31.5% against a median of 5.5%. Growth: percentile 79 against peers, revenue growth 30.3% against a median of 4.9%.
Weakest: Solidity: percentile 31 against peers, equity ratio 27.6% against a median of 42.7%.
Worth a closer look
- What lies behind weak solidity, 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
Alpha Projects AS had an operating margin of 31.5% and an equity ratio of 27.6% in 2025, and ranks 835 of 3,597 in Teknisk tjenesteyting og forskning.
From 2024 to 2025: revenue grew by 30% and the operating margin rose from 25.9% to 31.5%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 1 MNOK and 26 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 22 MNOK |
| EV/EBIT | 8.0 | 26 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
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 0.0% 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 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 | 90 | weight 30% |
|---|---|---|
| Solidity | 31 | weight 25% |
| Liquidity | 40 | weight 15% |
| Growth | 79 | weight 15% |
| Consistency | 71 | weight 15% |
Durability: 54 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Alpha Projects AS?
The operating margin was 31.5% in 2025, against a median of 5.5% among companies in the Morning class Micro in the same sector. Return on assets was 60.8%.
How solid is Alpha Projects AS?
The equity ratio was 27.6% in 2025 (median 42.7%). Debt-to-equity was 2.63 (median 1.04).
What is the liquidity of Alpha Projects AS like?
The current ratio was 1.42 in 2025 (median 1.69).
How does Alpha Projects AS compare in Teknisk tjenesteyting og forskning?
Alpha Projects AS ranks 835 of 3,597 in Teknisk tjenesteyting og forskning for 2025. Among companies in the Morning class Micro it is number 474 of 1,879. Revenue changed by 30.3% from the year before.
Public contracts
- Contracts awarded since 2024
- 1
- Total awarded value since 2024
- 5.0 MNOK
| Date | Buyer | Notice | Value |
|---|---|---|---|
| 18 June 2025 | Troms fylkeskommune | Prosjektleder til tannhelseklinikker - Troms fylkeskommune | 5.0 MNOK |
Based on notices in Doffin. Does not show call-offs under framework agreements or purchases below the publication threshold. Values are as stated by the buyer.
Source: Doffin (DFØ), fetched 27 October 2026. Winners are matched on organisation number.
Contains data under the Norwegian licence for public data (NLOD 2.0) made available by Doffin/the Norwegian Agency for Public and Financial Management (DFØ). NLOD 2.0
From the Central Coordinating Register
- Org. no.
- 915064094
- Legal form
- AS
- Sector
- Teknisk tjenesteyting og forskning (71.121)
- Morning company class
- Micro
- Employees
- 0–4 (not registered)
- Founded
- 27 February 2015 11 years in operation
- Share capital
- 0.10 MNOK
- Business address
- W. Andersens gate 6, 9800 VADSØ
- Municipality
- Vadsø rank 2–8 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
Loading roles …
Source: Central Coordinating Register, fetched 2 November 2026. Only names are shown.
Shareholders (2025)
- Number of shareholders
- 4
- Largest owner
- 35.0% · top three 90.0%
- Split
- companies 100% · private persons 0% · foreign 0%
- Prokuria Holding AS · 35.0%
- On-Pro Holding AS · 35.0%
- Near Holding AS · 20.0%
- Alpha Projects AS · 10.0%
The company is new in the shareholder register in 2025.
Holds shares in: Alpha Projects AS (10%)
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 | 45 | 54 | 63 | |
| Rank | 2,023 | 1,488 | 835 | |
| Operating margin | 31.8% | 25.9% | 31.5% | |
| Return on assets | 45.9% | 58.6% | 60.8% | |
| Equity ratio | 11.9% | 14.9% | 27.6% | |
| Current ratio | 1.13 | 1.15 | 1.42 | |
| Revenue growth | – | 20.3% | 30.3% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 5.6 MNOK | 6.7 MNOK | 8.8 MNOK |
| Operating profit | 1.8 MNOK | 1.7 MNOK | 2.8 MNOK |
| Profit before tax | 1.8 MNOK | 1.7 MNOK | 2.8 MNOK |
| Tax expense | – | – | – |
| Net profit | 1.4 MNOK | 1.4 MNOK | 2.2 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Total assets | 3.9 MNOK | 3.0 MNOK | 4.5 MNOK |
| Current assets | 3.9 MNOK | 2.9 MNOK | 4.5 MNOK |
| Equity | 0.5 MNOK | 0.4 MNOK | 1.3 MNOK |
| Retained earnings | 0.1 MNOK | 0.4 MNOK | 1.2 MNOK |
| Total liabilities | 3.4 MNOK | 2.5 MNOK | 3.3 MNOK |
| Current liabilities | 3.4 MNOK | 2.5 MNOK | 3.2 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 31 October 2026, accounts id 6360379.
Further
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