For Freedom AS
Score · fiscal year 2025
18of 100
How to read this: the company is ahead of 6 % of companies in the Morning class Micro in the same sector in 2025. What does this mean?
Rank in the Morning class Micro: 1,331 of 1,413 · What are Morning company classes?
Place in the whole sector: 2,346 of 2,455 · Revisjon, regnskap og rådgivning
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 9 and solidity 0 out of 100 among companies in the Morning class Micro in the same sector in 2025. Methodology
Against the sector
For Freedom AS is 32 points below the median for companies in the Morning class Micro in the same sector in 2025.
Median score 50 among 1,413 companies.
Against companies in the Morning class Micro in the same sector in 2025: operating margin −3.2% (median 8.9%) and equity ratio −31.7% (median 42.1%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 3 MNOK | 3 MNOK |
| Operating margin | −3.2% | 8.9% |
| Profit margin | −3.0% | 9.6% |
| Return on assets | −34.2% | 16.9% |
| Equity ratio | −31.7% | 42.1% |
| Debt-to-equity | – | 1.16 |
| Current ratio | 0.76 | 1.64 |
| Revenue growth | 60.7% | 6.0% |
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 18, For Freedom AS does better than 6% of companies in the Morning class Micro in the same sector (1,413 companies) in 2025.
Score 2023–2025
- For Freedom AS
- Median: companies in the Morning class Micro in the same sector
For Freedom AS has a score of 18 for 2025, rank 2,346 of 2,455 in the sector.
Strongest: Growth: percentile 87 against peers, revenue growth 60.7% against a median of 6.0%.
Weakest: Solidity: percentile 0 against peers, equity ratio −31.7% against a median of 42.1%. Consistency: percentile 8 against peers.
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 −31.7% (median 42.1%).
- Consider strengthening liquidity: current liabilities are 1.3 times current assets. Based on: current ratio 0.76 (median 1.64).
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin −3.0% (median 9.6%).
- 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
The industry or the company: what drove the result?
In 2025 the operating margin of For Freedom AS fell by 15.6 percentage points. Comparable companies fell by a median 0.6 points. So the company did 15.1 points weaker than the industry, for reasons of its own.
Over 2 year-to-year changes For Freedom AS moved the same way as comparable companies 1 times. About 0% 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 | 12.5% | 9.4% | +185.2 percentage points | 0.0 percentage points | +185.3 percentage points |
| 2025 | −3.2% | 8.9% | −15.6 percentage points | −0.6 percentage points | −15.1 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 For Freedom AS. The figures stand side by side; we claim no cause.
Turnover index: legal and accounting activities (indeks (2021 = 100))
Turnover index: legal and accounting activities rose 4.8% in 2025; the operating margin of For Freedom AS fell 15.6 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Turnover index: legal and accounting activities, annual average | 100.4 | 107.7 | 127.0 | 135.2 | 141.7 | 149.6 (so far) |
| Change from the year before | +8.7% | +7.3% | +17.9% | +6.4% | +4.8% | +5.5% |
| The company's operating margin | – | – | −172.7% | 12.5% | −3.2% | – |
Source: SSB (13863, CC BY 4.0). Source
Turnover index: management consultancy (indeks (2021 = 100))
Turnover index: management consultancy rose 6.5% in 2025; the operating margin of For Freedom AS fell 15.6 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Turnover index: management consultancy, annual average | 99.4 | 104.0 | 114.9 | 116.0 | 123.6 | 128.7 (so far) |
| Change from the year before | +17.3% | +4.6% | +10.5% | +1.0% | +6.5% | +4.1% |
| The company's operating margin | – | – | −172.7% | 12.5% | −3.2% | – |
Source: SSB (13863, CC BY 4.0). Source
Service prices: legal and accounting (indeks (2021 = 100))
Service prices: legal and accounting rose 4.9% in 2025; the operating margin of For Freedom AS fell 15.6 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Service prices: legal and accounting, annual average | 100.0 | 104.8 | 111.8 | 117.4 | 123.2 | 127.0 (so far) |
| Change from the year before | +3.4% | +4.8% | +6.7% | +5.0% | +4.9% | +3.1% |
| The company's operating margin | – | – | −172.7% | 12.5% | −3.2% | – |
Source: SSB (14335, CC BY 4.0). Source
Consumer price index (indeks (2025 = 100))
Consumer price index rose 3.0% in 2025; the operating margin of For Freedom AS fell 15.6 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Consumer price index, annual average | 84.3 | 89.2 | 94.1 | 97.0 | 100.0 | 102.9 (so far) |
| Change from the year before | +3.5% | +5.8% | +5.5% | +3.2% | +3.0% | +2.9% |
| The company's operating margin | – | – | −172.7% | 12.5% | −3.2% | – |
Source: SSB (14710, CC BY 4.0). Source
Policy rate (prosent)
Policy rate fell 0.20 percentage points in 2025; the operating margin of For Freedom AS fell 15.6 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 | – | – | −172.7% | 12.5% | −3.2% | – |
Source: Norges Bank (IR, NLOD 2.0). Source
Wage index: legal and accounting (indeks)
Wage index: legal and accounting rose 5.4% in 2025; the operating margin of For Freedom AS fell 15.6 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Wage index: legal and accounting, annual average | 86.2 | 89.8 | 93.9 | 99.1 | 104.4 | 108.4 (so far) |
| Change from the year before | +5.1% | +4.3% | +4.5% | +5.6% | +5.4% | +3.8% |
| The company's operating margin | – | – | −172.7% | 12.5% | −3.2% | – |
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
For Freedom AS had an operating margin of −3.2% and an equity ratio of −31.7% in 2025, and ranks 2,346 of 2,455 in Revisjon, regnskap og rådgivning.
From 2024 to 2025: went from a profit to a loss before tax and the operating margin fell from 12.5% to −3.2%.
This text is generated automatically from the 2025 accounts.
Three simple methods
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 22.4 | not meaningful |
| EV/EBIT | 17.4 | not meaningful |
| P/B | 4.1 | not meaningful |
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 −31.7% (median 42.1%).
- watch
Consider strengthening liquidity: current liabilities are 1.3 times current assets.
Based on: Current ratio 0.76 (median 1.64).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −3.0% (median 9.6%).
- 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 −3.2% (median 8.9%).
- 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 60.7% (median 6.0%); Current ratio 0.76 (median 1.64).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 1.6% 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
- critical Negative equity
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 5.4%. Based on the 7 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 9 | weight 30% |
|---|---|---|
| Solidity | 0 | weight 25% |
| Liquidity | 10 | weight 15% |
| Growth | 87 | weight 15% |
| Consistency | 8 | weight 15% |
Durability: 19 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is For Freedom AS?
The operating margin was −3.2% in 2025, against a median of 8.9% among companies in the Morning class Micro in the same sector. Return on assets was −34.2%. The company made a loss before tax.
How solid is For Freedom AS?
The equity ratio was −31.7% in 2025 (median 42.1%). Equity is negative, so liabilities exceed assets.
What is the liquidity of For Freedom AS like?
The current ratio was 0.76 in 2025 (median 1.64). Current assets did not cover current liabilities.
How does For Freedom AS compare in Revisjon, regnskap og rådgivning?
For Freedom AS ranks 2,346 of 2,455 in Revisjon, regnskap og rådgivning for 2025. Among companies in the Morning class Micro it is number 1,331 of 1,413. Revenue changed by 60.7% from the year before.
From the Central Coordinating Register
- Org. no.
- 915520995
- Legal form
- AS
- Sector
- Revisjon, regnskap og rådgivning (70.200)
- Morning company class
- Micro
- Employees
- 0–4 (not registered)
- Founded
- 22 April 2015 11 years in operation
- Share capital
- 0.03 MNOK
- Business address
- Fantoftvegen 38, 5072 BERGEN
- Municipality
- Bergen rank 8 of 11 in KOSTRA group 12
- Audit
- Audit opted out from 23 January 2024
- 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.
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 31 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 4 | 35 | 18 | |
| Rank | 2,335 | 1,945 | 2,346 | |
| Operating margin | −172.7% | 12.5% | −3.2% | |
| Return on assets | −239.4% | 101.1% | −34.2% | |
| Equity ratio | −9.2% | 5.1% | −31.7% | |
| Current ratio | 0.89 | 1.05 | 0.76 | |
| Revenue growth | – | −44.2% | 60.7% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 2.8 MNOK | 1.6 MNOK | 2.5 MNOK |
| Operating profit | −4.9 MNOK | 0.2 MNOK | −0.1 MNOK |
| Profit before tax | −4.9 MNOK | 0.2 MNOK | −0.1 MNOK |
| Tax expense | – | – | – |
| Net profit | −4.9 MNOK | 0.2 MNOK | −0.1 MNOK |
| Financial expenses | – | – | 0.0 MNOK |
| Total assets | 2.0 MNOK | 0.2 MNOK | 0.2 MNOK |
| Current assets | 2.0 MNOK | 0.2 MNOK | 0.2 MNOK |
| Equity | −0.2 MNOK | 0.0 MNOK | −0.1 MNOK |
| Retained earnings | −0.2 MNOK | 0.0 MNOK | −0.1 MNOK |
| Total liabilities | 2.2 MNOK | 0.2 MNOK | 0.3 MNOK |
| Current liabilities | 2.2 MNOK | 0.2 MNOK | 0.3 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 31 October 2026, accounts id 7239358.
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