Codework AS
Score · fiscal year 2024
64of 100
How to read this: the company is ahead of 74 % of companies in the Morning class Micro in the same sector in 2024. What does this mean?
Rank in the Morning class Micro: 342 of 1,335 · What are Morning company classes?
Place in the whole sector: 664 of 2,751 · Forretningsmessig tjenesteyting
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 52 and solidity 97 out of 100 among companies in the Morning class Micro in the same sector in 2024. Methodology
Against the sector
Codework AS is 14 points above the median for companies in the Morning class Micro in the same sector in 2024.
Median score 50 among 1,333 companies.
Against companies in the Morning class Micro in the same sector in 2024: operating margin 4.2% (median 3.7%) and equity ratio 89.2% (median 27.2%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 1 MNOK | 4 MNOK |
| Operating margin | 4.2% | 3.7% |
| Profit margin | 17.4% | 2.9% |
| Return on assets | 9.3% | 8.5% |
| Equity ratio | 89.2% | 27.2% |
| Debt-to-equity | 0.12 | 1.69 |
| Current ratio | 3.23 | 1.25 |
| Revenue growth | −11.8% | 8.3% |
The median and “ahead of” refer to companies in the Morning class Micro in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
With an index of 64, Codework AS does better than 74% of companies in the Morning class Micro in the same sector (1,335 companies) in 2024.
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 4.2% and an equity ratio of 89.2% in 2024, and ranks 664 of 2,751 in Forretningsmessig tjenesteyting.
From 2023 to 2024: went from a loss to a profit before tax and the equity ratio fell from 97.3% to 89.2%.
This text is generated automatically from the 2024 accounts.
Three simple methods
The methods give between 1 MNOK and 2 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 2 MNOK |
| EV/EBIT | 8.0 | 1 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
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 0.8% 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
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 | 52 | weight 30% |
|---|---|---|
| Solidity | 97 | weight 25% |
| Liquidity | 88 | weight 15% |
| Growth | 20 | weight 15% |
| Consistency | 53 | weight 15% |
Durability: 69 (average over 2 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Codework AS?
The operating margin was 4.2% in 2024, against a median of 3.7% among companies in the Morning class Micro in the same sector. Return on assets was 9.3%.
How solid is Codework AS?
The equity ratio was 89.2% in 2024 (median 27.2%). Debt-to-equity was 0.12 (median 1.69).
What is the liquidity of Codework AS like?
The current ratio was 3.23 in 2024 (median 1.25).
How does Codework AS compare in Forretningsmessig tjenesteyting?
Codework AS ranks 664 of 2,751 in Forretningsmessig tjenesteyting for 2024. Among companies in the Morning class Micro it is number 342 of 1,335. Revenue changed by −11.8% from the year before.
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 6122219.
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