Bnapp AS
Score · fiscal year 2025
41of 100
How to read this: the company is ahead of 31 % of companies in the Morning class Micro in the same sector in 2025. What does this mean?
Rank in the Morning class Micro: 905 of 1,320 · What are Morning company classes?
Place in the whole sector: 1,609 of 2,286 · 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 39 and solidity 40 out of 100 among companies in the Morning class Micro in the same sector in 2025. Methodology
Against the sector
Bnapp AS is 9 points below the median for companies in the Morning class Micro in the same sector in 2025.
Median score 50 among 1,320 companies.
Against companies in the Morning class Micro in the same sector in 2025: operating margin 10.8% (median 9.1%) and equity ratio 36.3% (median 43.4%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 2 MNOK | 3 MNOK |
| Operating margin | 10.8% | 9.1% |
| Profit margin | 1.2% | 9.9% |
| Return on assets | 4.0% | 16.9% |
| Equity ratio | 36.3% | 43.4% |
| Debt-to-equity | 1.76 | 1.10 |
| Current ratio | 0.17 | 1.66 |
| Revenue growth | 50.5% | 5.7% |
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 41, Bnapp AS does better than 31% of companies in the Morning class Micro in the same sector (1,320 companies) in 2025.
Score 2023–2025
- Bnapp AS
- Median: companies in the Morning class Micro in the same sector
Bnapp AS has a score of 41 for 2025, rank 1,609 of 2,286 in the sector.
Strongest: Growth: percentile 85 against peers, revenue growth 50.5% against a median of 5.7%.
Weakest: Liquidity: percentile 1 against peers, current ratio 0.17 against a median of 1.66. Profitability: percentile 39 against peers, operating margin 10.8% against a median of 9.1%.
Worth a closer look
- Consider strengthening liquidity: current liabilities are 6.0 times current assets. Based on: current ratio 0.17 (median 1.66).
- Strong growth with weak liquidity. Is the growth financed, or does it tie up capital the company does not have? Based on: revenue growth 50.5% (median 5.7%); current ratio 0.17 (median 1.66).
- What lies behind weak profitability, and will it last?
- The change in operating margin in 2025 was 0.7 percentage points better than for comparable companies: the company −0.2, the industry −0.9 points. That is the company's own, not something that hit the whole industry.
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 Bnapp AS fell by 0.2 percentage points. Comparable companies fell by a median 0.9 points. So the company did 0.7 points better than the industry, for reasons of its own.
Over 2 year-to-year changes Bnapp AS moved the same way as comparable companies 0 times. About 7% 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 | 11.0% | 10.0% | +10.9 percentage points | −0.1 percentage points | +10.9 percentage points |
| 2025 | 10.8% | 9.1% | −0.2 percentage points | −0.9 percentage points | +0.7 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 Bnapp 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 Bnapp AS fell 0.2 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 | – | – | 0.2% | 11.0% | 10.8% | – |
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 Bnapp AS fell 0.2 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 | – | – | 0.2% | 11.0% | 10.8% | – |
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 Bnapp AS fell 0.2 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 | – | – | 0.2% | 11.0% | 10.8% | – |
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 Bnapp AS fell 0.2 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 | – | – | 0.2% | 11.0% | 10.8% | – |
Source: SSB (14710, CC BY 4.0). Source
Policy rate (prosent)
Policy rate fell 0.20 percentage points in 2025; the operating margin of Bnapp AS fell 0.2 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 | – | – | 0.2% | 11.0% | 10.8% | – |
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 Bnapp AS fell 0.2 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 | – | – | 0.2% | 11.0% | 10.8% | – |
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
Bnapp AS had an operating margin of 10.8% and an equity ratio of 36.3% in 2025, and ranks 1,609 of 2,286 in Revisjon, regnskap og rådgivning.
From 2024 to 2025: revenue grew by 51%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 1 MNOK and 4 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 22.4 | not meaningful |
| EV/EBIT | 17.4 | 1 MNOK |
| P/B | 4.1 | 4 MNOK |
The listed basis is the value at listed multiples. The estimate is lowered by 51% for an unlisted company: 20% for lack of marketability and 38% for size (a small-company premium of 4% on the cost of equity).
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
Consider strengthening liquidity: current liabilities are 6.0 times current assets.
Based on: Current ratio 0.17 (median 1.66).
- 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 50.5% (median 5.7%); Current ratio 0.17 (median 1.66).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 5.7% 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 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 | 39 | weight 30% |
|---|---|---|
| Solidity | 40 | weight 25% |
| Liquidity | 1 | weight 15% |
| Growth | 85 | weight 15% |
| Consistency | 42 | weight 15% |
Durability: 31 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Bnapp AS?
The operating margin was 10.8% in 2025, against a median of 9.1% among companies in the Morning class Micro in the same sector. Return on assets was 4.0%.
How solid is Bnapp AS?
The equity ratio was 36.3% in 2025 (median 43.4%). Debt-to-equity was 1.76 (median 1.10).
What is the liquidity of Bnapp AS like?
The current ratio was 0.17 in 2025 (median 1.66). Current assets did not cover current liabilities.
How does Bnapp AS compare in Revisjon, regnskap og rådgivning?
Bnapp AS ranks 1,609 of 2,286 in Revisjon, regnskap og rådgivning for 2025. Among companies in the Morning class Micro it is number 905 of 1,320. Revenue changed by 50.5% from the year before.
From the Central Coordinating Register
- Org. no.
- 917535396
- Legal form
- AS
- Sector
- Revisjon, regnskap og rådgivning (70.200)
- Morning company class
- Micro
- Employees
- 0–4 (not registered)
- Founded
- 2 May 2016 10 years in operation
- Share capital
- 0.43 MNOK
- Business address
- O L Aunes gate 5, 9009 TROMSØ
- Municipality
- Tromsø rank 9 of 11 in KOSTRA group 12
- Audit
- Audit opted out from 12 August 2016
- 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.
Shareholders (2025)
- Number of shareholders
- 1 (one owner)
- Largest owner
- 100.0%
- Split
- companies 0% · private persons 100% · foreign 0%
- Owned from the same municipality
- 100%
- Group chain
- Ultimate owner: private person
The company is new in the shareholder register in 2025.
The portfolio: 8 of the companies it owns shares in have accounts with us, 0 of them as majority owner. The average index is 35. 1 have negative equity and 7 made a loss in the latest year.
Holds shares in: In North AS (8%), 9068Lyngen AS (25%), Norwegian Eye AS (16%), Choral Conducting Coach AS (50%), Onga AS (19%), Lifeness AS (0%), Literate AS (0%), Phase Transition AS (2%)
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 | 18 | 34 | 41 | |
| Rank | 2,050 | 1,851 | 1,609 | |
| Operating margin | 0.2% | 11.0% | 10.8% | |
| Return on assets | 0.1% | 5.1% | 4.0% | |
| Equity ratio | 28.1% | 36.0% | 36.3% | |
| Current ratio | 0.23 | 0.08 | 0.17 | |
| Revenue growth | – | 3.3% | 50.5% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 1.3 MNOK | 1.3 MNOK | 2.0 MNOK |
| Operating profit | 0.0 MNOK | 0.1 MNOK | 0.2 MNOK |
| Profit before tax | −0.1 MNOK | 0.0 MNOK | 0.0 MNOK |
| Tax expense | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Net profit | −0.1 MNOK | 0.0 MNOK | 0.0 MNOK |
| Financial expenses | 0.1 MNOK | 0.2 MNOK | 0.2 MNOK |
| Total assets | 4.0 MNOK | 4.2 MNOK | 5.6 MNOK |
| Current assets | 0.7 MNOK | 0.2 MNOK | 0.6 MNOK |
| Equity | 1.1 MNOK | 1.5 MNOK | 2.0 MNOK |
| Retained earnings | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Total liabilities | 2.9 MNOK | 2.7 MNOK | 3.6 MNOK |
| Current liabilities | 2.9 MNOK | 2.7 MNOK | 3.6 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 31 October 2026, accounts id 6895250.
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