Bitspace AS
Score · fiscal year 2024
Not enough data: Not enough data (below minimum revenue)
Based on the annual accounts for 2024
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 0 MNOK | 3 MNOK |
| Operating margin | −95.3% | 3.1% |
| Profit margin | −97.4% | 3.2% |
| Return on assets | −2.3% | 6.9% |
| Equity ratio | −25.4% | 39.5% |
| Debt-to-equity | – | 1.08 |
| Current ratio | 0.18 | 1.55 |
| Revenue growth | 3.3% | 8.0% |
The median and “ahead of” refer to companies in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
Score over time
Score over time needs at least two fiscal years with a score. It will appear when next year's figures are fetched or history is imported.
What the numbers say
Bitspace AS had an equity ratio of −25.4% in 2024. The company is not ranked: not enough data (below minimum revenue).
From 2023 to 2024: the operating margin rose from −1,248.1% to −95.3%.
This text is generated automatically from the 2024 accounts.
Three simple methods
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 17.7 | not meaningful |
| EV/EBIT | 14.3 | not meaningful |
| P/B | 2.6 | 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 −25.4% (median 39.5%).
- critical
Consider strengthening liquidity: current liabilities are 5.5 times current assets.
Based on: Current ratio 0.18 (median 1.55).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −97.4% (median 3.2%).
- 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 −95.3% (median 3.1%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 0.0% 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
- 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 4.1%. Based on the 8 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
Questions and answers
How profitable is Bitspace AS?
The operating margin was −95.3% in 2024, against a median of 3.1% among companies in the same sector. Return on assets was −2.3%. The company made a loss before tax.
How solid is Bitspace AS?
The equity ratio was −25.4% in 2024 (median 39.5%). Equity is negative, so liabilities exceed assets.
What is the liquidity of Bitspace AS like?
The current ratio was 0.18 in 2024 (median 1.55). Current assets did not cover current liabilities.
Group structure · 2025
2 companies in the group according to the shareholder register for 2025. A company counts as a subsidiary when a Norwegian company owns more than half of its shares.
No owner holds more than half of the shares in Bitspace AS.
Bitspace AS has not filed group accounts in open data, so the group has no index of its own. Each company has its own accounts.
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Bitspace AS you are here
Read the figures with care: a company in a group can look strong because of group contributions, or weak because dividends go up to the parent. The figures are indications, not the full picture.
Source: the Norwegian Tax Administration's shareholder register 2025 (majority owner with more than 50 % of the shares). Voting agreements and ownership through other countries are not included.
From the Central Coordinating Register
- Org. no.
- 916921799
- Legal form
- AS
- Sector
- Informasjon og kommunikasjon (62.100)
- Morning company class
- Micro
- Employees
- 0–4 (not registered)
- Founded
- 25 February 2016 10 years in operation
- Share capital
- 0.06 MNOK
- Business address
- Oscars gate 27, 0352 OSLO
- Municipality
- Oslo rank 63–220 of 357 in Norway
- Audit
- Audit opted out from 21 March 2016
- Latest accounts filed
- 2025
- Website
- bitspace.no
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
- 83
- Largest owner
- 9.2% · top three 20.5%
- Split
- companies 3% · private persons 30% · foreign 8%
- Owners over 60
- 11% of the shares held by persons (median age 43)
- Norsk Hedge-Fond AS · 3.0%
- Støy Investment AS · 1.0%
- Hemsedal Rørservice AS · 0.8%
- Jea Trading AS · 0.6%
- Stortingsklinikken Offentlig AS · 0.6%
- Bvk Invest AS · 0.5%
- Økonomringen AS · 0.5%
- Hiawata AS · 0.5%
- Bitspace AS · 0.4%
- Tass Invest AS · 0.4%
- 67 private persons · 30.2%
The company is new in the shareholder register in 2025.
Majority owner of: Lex Rhodia Norway AS (51%)
Holds shares in: Lex Rhodia Norway AS (51%), Bitgate AS (39%), Bitspace AS (0%)
The owners' shares do not add up to the company's total number of shares in the source.
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 | – | – | – | |
| Rank | – | – | – | |
| Operating margin | −1,248.1% | −95.3% | −14.9% | |
| Return on assets | −28.4% | −2.3% | −0.3% | |
| Equity ratio | −22.9% | −25.4% | −25.8% | |
| Current ratio | 0.28 | 0.18 | 0.10 | |
| Revenue growth | – | 3.3% | −16.1% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 0.1 MNOK | 0.1 MNOK | 0.1 MNOK |
| Operating profit | −0.7 MNOK | −0.1 MNOK | 0.0 MNOK |
| Profit before tax | −2.4 MNOK | −0.1 MNOK | 0.0 MNOK |
| Tax expense | – | – | – |
| Net profit | −2.4 MNOK | −0.1 MNOK | 0.0 MNOK |
| Financial expenses | 1.7 MNOK | 0.0 MNOK | 0.0 MNOK |
| Total assets | 2.6 MNOK | 2.6 MNOK | 2.6 MNOK |
| Current assets | 0.1 MNOK | 0.0 MNOK | 0.0 MNOK |
| Equity | −0.6 MNOK | −0.7 MNOK | −0.7 MNOK |
| Retained earnings | −5.7 MNOK | −5.8 MNOK | −5.8 MNOK |
| Total liabilities | 3.2 MNOK | 3.3 MNOK | 3.3 MNOK |
| Current liabilities | 0.2 MNOK | 0.2 MNOK | 0.2 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 31 October 2026, accounts id 6227257.