Safedrive AS
Score · fiscal year 2025
44of 100
How to read this: the company is ahead of 34 % of companies in the Morning class Medium in the same sector in 2025. What does this mean?
Rank in the Morning class Medium: 122 of 183 · What are Morning company classes?
Place in the whole sector: 1,573 of 2,491 · 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 98 and solidity 3 out of 100 among companies in the Morning class Medium in the same sector in 2025. Methodology
Against the sector
Safedrive AS is 7 points below the median for companies in the Morning class Medium in the same sector in 2025.
Median score 51 among 183 companies.
Against companies in the Morning class Medium in the same sector in 2025: operating margin 32.9% (median 5.9%) and equity ratio 2.2% (median 33.6%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 329 MNOK | 116 MNOK |
| Operating margin | 32.9% | 5.9% |
| Profit margin | 31.8% | 5.9% |
| Return on assets | 58.0% | 13.5% |
| Equity ratio | 2.2% | 33.6% |
| Debt-to-equity | 45.43 | 1.93 |
| Current ratio | 0.66 | 1.30 |
| Revenue growth | 16.7% | 10.9% |
| Revenue per employee | 4.63 MNOK | 2.53 MNOK |
The median and “ahead of” refer to companies in the Morning class Medium in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 44, Safedrive AS does better than 34% of companies in the Morning class Medium in the same sector (183 companies) in 2025.
Score 2023–2025
- Safedrive AS
- Median: companies in the Morning class Medium in the same sector
Safedrive AS has a score of 44 for 2025, rank 1,573 of 2,491 in the sector.
Strongest: Profitability: percentile 98 against peers, operating margin 32.9% against a median of 5.9%. Growth: percentile 61 against peers, revenue growth 16.7% against a median of 10.9%.
Weakest: Solidity: percentile 3 against peers, equity ratio 2.2% against a median of 33.6%. Liquidity: percentile 5 against peers, current ratio 0.66 against a median of 1.30.
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 2.2% (median 33.6%).
- Consider strengthening liquidity: current liabilities are 1.5 times current assets. Based on: current ratio 0.66 (median 1.30).
- 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
Safedrive AS had an operating margin of 32.9% and an equity ratio of 2.2% in 2025, and ranks 1,573 of 2,491 in Teknisk tjenesteyting og forskning.
From 2024 to 2025: the equity ratio fell from 16.7% to 2.2% and the operating margin rose from 27.3% to 32.9%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 4 MNOK and 891 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 808 MNOK |
| EV/EBIT | 8.0 | 891 MNOK |
| P/B | 1.0 | 4 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 2.2% (median 33.6%).
- watch
Consider strengthening liquidity: current liabilities are 1.5 times current assets.
Based on: Current ratio 0.66 (median 1.30).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 2.8% 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 | 98 | weight 30% |
|---|---|---|
| Solidity | 3 | weight 25% |
| Liquidity | 5 | weight 15% |
| Growth | 61 | weight 15% |
| Consistency | 24 | weight 15% |
Durability: 40 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Safedrive AS?
The operating margin was 32.9% in 2025, against a median of 5.9% among companies in the Morning class Medium in the same sector. Return on assets was 58.0%.
How solid is Safedrive AS?
The equity ratio was 2.2% in 2025 (median 33.6%). Debt-to-equity was 45.43 (median 1.93).
What is the liquidity of Safedrive AS like?
The current ratio was 0.66 in 2025 (median 1.30). Current assets did not cover current liabilities.
How does Safedrive AS compare in Teknisk tjenesteyting og forskning?
Safedrive AS ranks 1,573 of 2,491 in Teknisk tjenesteyting og forskning for 2025. Among companies in the Morning class Medium it is number 122 of 183. Revenue changed by 16.7% from the year before.
From the Central Coordinating Register
- Org. no.
- 917086885
- Legal form
- AS
- Sector
- Teknisk tjenesteyting og forskning (74.990)
- Morning company class
- Medium
- Employees
- 71 registered 10 October 2026
- Founded
- 15 April 2016 10 years in operation
- Share capital
- 3.34 MNOK
- Business address
- Havnegata 1, 7800 NAMSOS
- Municipality
- Namsos rank 4–11 of 13 in KOSTRA group 8
- 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
- Magnus Wester
- Chair of the board
- Ketil Solvik-Olsen
- Board member
- Serge Gale
- Board member
- Anders Skjærvik
- Board member
- Magnus Wester
- Board member
- Maria Wester
- Board member
- Mona Paulsen
- Board member
- Maria Skjærvik
- Auditor
- BDO AS
- Accountant
- Sparebank 1 Regnskapshuset Smn AS
Source: Central Coordinating Register, fetched 31 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 31 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 23 | 54 | 44 | |
| Rank | 2,111 | 1,054 | 1,573 | |
| Operating margin | 2.2% | 27.3% | 32.9% | |
| Return on assets | 6.2% | 55.4% | 58.0% | |
| Equity ratio | 20.2% | 16.7% | 2.2% | |
| Current ratio | 0.70 | 0.83 | 0.66 | |
| Revenue growth | – | 40.2% | 16.7% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 200.9 MNOK | 281.7 MNOK | 328.6 MNOK |
| Operating profit | 4.5 MNOK | 76.8 MNOK | 108.0 MNOK |
| Profit before tax | 0.6 MNOK | 72.3 MNOK | 104.4 MNOK |
| Net profit | −0.8 MNOK | 55.1 MNOK | 80.8 MNOK |
| Financial expenses | 5.0 MNOK | 4.8 MNOK | 5.1 MNOK |
| Total assets | 90.1 MNOK | 139.1 MNOK | 188.8 MNOK |
| Current assets | 50.6 MNOK | 95.7 MNOK | 121.1 MNOK |
| Equity | 18.2 MNOK | 23.3 MNOK | 4.1 MNOK |
| Retained earnings | 3.6 MNOK | 8.8 MNOK | 0.0 MNOK |
| Total liabilities | 71.9 MNOK | 115.8 MNOK | 184.7 MNOK |
| Current liabilities | 71.9 MNOK | 115.8 MNOK | 184.7 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 31 October 2026, accounts id 6503745.
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