Codework AS
Score · fiscal year 2023
75of 100
How to read this: the company is ahead of 86 % of companies in the Morning class Micro in the same sector in 2023. What does this mean?
Rank in the Morning class Micro: 181 of 1,287 · What are Morning company classes?
Place in the whole sector: 363 of 2,623 · Forretningsmessig tjenesteyting
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2023, not a verdict on the company. Based on profitability 32 and solidity 99 out of 100 among companies in the Morning class Micro in the same sector in 2023. Methodology
Against the sector
Codework AS is 26 points above the median for companies in the Morning class Micro in the same sector in 2023.
Median score 49 among 1,285 companies.
Against companies in the Morning class Micro in the same sector in 2023: operating margin 2.9% (median 3.7%) and equity ratio 97.3% (median 27.9%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 1 MNOK | 3 MNOK |
| Operating margin | 2.9% | 3.7% |
| Profit margin | −15.8% | 3.1% |
| Return on assets | −11.7% | 8.2% |
| Equity ratio | 97.3% | 27.9% |
| Debt-to-equity | 0.03 | 1.57 |
| Current ratio | 9.16 | 1.27 |
| Revenue growth | – | 14.0% |
The median and “ahead of” refer to companies in the Morning class Micro in the same sector in 2023. The bar shows the share of companies the figure is ahead of.
With an index of 75, Codework AS does better than 86% of companies in the Morning class Micro in the same sector (1,287 companies) in 2023.
Score 2023–2025
- Codework AS
- Median: companies in the Morning class Micro in the same sector
What the numbers say
Codework AS had an operating margin of 2.9% and an equity ratio of 97.3% in 2023, and ranks 363 of 2,623 in Forretningsmessig tjenesteyting.
This text is generated automatically from the 2023 accounts.
Three simple methods
The methods give between 0 MNOK and 2 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | 0 MNOK |
| P/B | 1.0 | 2 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 company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −15.8% (median 3.1%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 4.8% of the debt in 2023. The policy rate averaged 3.54 % 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 2026, the sector's weakest year, for this company.
The sector's weakest year was 2026, with a median operating margin of −1.2%. Based on the 9 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 32 | weight 30% |
|---|---|---|
| Solidity | 99 | weight 25% |
| Liquidity | 98 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 98 | weight 15% |
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is Codework AS?
The operating margin was 2.9% in 2023, against a median of 3.7% among companies in the Morning class Micro in the same sector. Return on assets was −11.7%. The company made a loss before tax.
How solid is Codework AS?
The equity ratio was 97.3% in 2023 (median 27.9%). Debt-to-equity was 0.03 (median 1.57).
What is the liquidity of Codework AS like?
The current ratio was 9.16 in 2023 (median 1.27).
How does Codework AS compare in Forretningsmessig tjenesteyting?
Codework AS ranks 363 of 2,623 in Forretningsmessig tjenesteyting for 2023. Among companies in the Morning class Micro it is number 181 of 1,287.
From the Central Coordinating Register
- Org. no.
- 917423903
- Legal form
- AS
- Sector
- Forretningsmessig tjenesteyting (78.200)
- Morning company class
- Micro
- Employees
- 0–4 (not registered)
- Founded
- 17 June 2016 10 years in operation
- Share capital
- 0.10 MNOK
- Business address
- Dybdahls veg 32, 7051 TRONDHEIM
- Municipality
- Trondheim rank 3 of 11 in KOSTRA group 12
- Audit
- Audit opted out from 5 July 2016
- Latest accounts filed
- 2025
- LEI
- 894500HJWHUZWVROTV80 renews 26 April 2027
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.
- Parent company
- No parent company: owned by persons
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 31 October 2026. The parent is the one the company itself reported to GLEIF.
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 | 75 | 64 | 73 | |
| Rank | 363 | 664 | 281 | |
| Operating margin | 2.9% | 4.2% | 26.8% | |
| Return on assets | −11.7% | 9.3% | 2.7% | |
| Equity ratio | 97.3% | 89.2% | 66.9% | |
| Current ratio | 9.16 | 3.23 | 3.95 | |
| Revenue growth | – | −11.8% | 71.3% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 1.2 MNOK | 1.1 MNOK | 1.9 MNOK |
| Operating profit | 0.0 MNOK | 0.0 MNOK | 0.5 MNOK |
| Profit before tax | −0.2 MNOK | 0.2 MNOK | 0.1 MNOK |
| Net profit | −0.2 MNOK | 0.2 MNOK | 0.0 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK | – |
| Total assets | 1.7 MNOK | 2.1 MNOK | 2.7 MNOK |
| Current assets | 0.4 MNOK | 0.7 MNOK | 1.0 MNOK |
| Equity | 1.6 MNOK | 1.8 MNOK | 1.8 MNOK |
| Retained earnings | 1.5 MNOK | 1.7 MNOK | 1.7 MNOK |
| Total liabilities | 0.0 MNOK | 0.2 MNOK | 0.9 MNOK |
| Current liabilities | 0.0 MNOK | 0.2 MNOK | 0.3 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 31 October 2026, accounts id 4613363.
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