Vitring AS
Not financial advice. The index, rank, signals and advice are rule-based indications from the latest filed annual accounts. They are not a credit rating, an assessment of management or a recommendation to buy, sell or do business with the company. Read more
Score · fiscal year 2025
Not enough data: Revenue not reported
Based on the annual accounts for 2025
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 0 MNOK | 8 MNOK |
| Operating margin | – | 4.2% |
| Profit margin | – | 4.0% |
| Return on assets | −54.8% | 9.9% |
| Equity ratio | 92.7% | 25.9% |
| Debt-to-equity | 0.08 | 2.13 |
| Current ratio | 12.54 | 1.23 |
| Revenue growth | −100.0% | 7.5% |
The median and “ahead of” refer to companies in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
Score 2023–2025
- Vitring AS
- Median: companies in the same sector
The industry or the company: what drove the result?
In 2024 the operating margin of Vitring AS fell by 46.7 percentage points. Comparable companies rose by a median 0.0 points. So the company did 46.7 points weaker than the industry, for reasons of its own.
| Year | The company | Comparable (median) | Change, company | Change, industry | The company's own |
|---|---|---|---|---|---|
| 2024 | −14.2% | 3.8% | −46.7 percentage points | +0.0 percentage points | −46.7 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 Vitring AS. The figures stand side by side; we claim no cause.
Service prices: business support services (indeks (2021 = 100))
Service prices: business support services rose 5.2% in 2024; the operating margin of Vitring AS fell 46.7 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Service prices: business support services, annual average | 100.0 | 104.9 | 111.1 | 116.9 | 121.3 | 122.3 (so far) |
| Change from the year before | – | +4.9% | +5.9% | +5.2% | +3.8% | +0.8% |
| The company's operating margin | – | – | 32.5% | −14.2% | – | – |
Source: SSB (14335, CC BY 4.0). Source
Turnover index: administrative and support services (indeks (2021 = 100))
Turnover index: administrative and support services rose 3.8% in 2024; the operating margin of Vitring AS fell 46.7 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Turnover index: administrative and support services, annual average | 99.5 | 117.4 | 126.0 | 130.8 | 138.4 | 141.3 (so far) |
| Change from the year before | +5.3% | +17.9% | +7.4% | +3.8% | +5.8% | +2.1% |
| The company's operating margin | – | – | 32.5% | −14.2% | – | – |
Source: SSB (13863, CC BY 4.0). Source
Consumer price index (indeks (2025 = 100))
Consumer price index rose 3.2% in 2024; the operating margin of Vitring AS fell 46.7 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 | – | – | 32.5% | −14.2% | – | – |
Source: SSB (14710, CC BY 4.0). Source
Policy rate (prosent)
Policy rate rose 0.96 percentage points in 2024; the operating margin of Vitring AS fell 46.7 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 | – | – | 32.5% | −14.2% | – | – |
Source: Norges Bank (IR, NLOD 2.0). Source
Wage index: business support services (indeks)
Wage index: business support services rose 5.7% in 2024; the operating margin of Vitring AS fell 46.7 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Wage index: business support services, annual average | 81.5 | 85.5 | 89.7 | 94.8 | 100.3 | 106.3 (so far) |
| Change from the year before | +3.5% | +4.9% | +4.9% | +5.7% | +5.7% | +6.0% |
| The company's operating margin | – | – | 32.5% | −14.2% | – | – |
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
Vitring AS had an equity ratio of 92.7% in 2025. The company is not ranked: revenue not reported.
From 2024 to 2025: revenue fell by 100% and the equity ratio rose from 54.9% to 92.7%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 1 MNOK and 2 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 17.3 | 1 MNOK |
| EV/EBIT | 14.1 | 2 MNOK |
| P/B | 2.7 | 1 MNOK |
| EV/EBIT: from enterprise value to equity | NOK |
|---|---|
| Enterprise value (EV) at the listed multiple | 3 MNOK |
| Enterprise value after the size adjustment | 2 MNOK |
| Less net debt (rough figure) | 0 MNOK |
| Equity value | 2 MNOK |
Net debt is a rough figure: long-term liabilities minus cash. The accounts do not split interest-bearing debt from other liabilities, and short-term borrowings are not included. The size adjustment applies to the enterprise value, not to the debt.
The listed basis is the value at listed multiples. The estimate is lowered for size: a small-company premium of 4% on the cost of equity gives a value 38% lower. No separate marketability discount is applied, because the premium already allows for the company being small and unlisted.
The NACE code has no listed industry of its own in the table, so the multiples are the sector median: Business & Consumer Services, Office Equipment & Services.
Not financial advice. The value range is a rough model estimate from listed-company multiples, not a valuation, a price target or a price offer. The actual value may differ greatly. Read more
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
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin – (median 4.0%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 60.2% 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 0.3%. Based on the 9 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
Questions and answers
How profitable is Vitring AS?
The operating margin was – in 2025, against a median of 4.2% among companies in the same sector. Return on assets was −54.8%. The company made a loss before tax.
How solid is Vitring AS?
The equity ratio was 92.7% in 2025 (median 25.9%). Debt-to-equity was 0.08 (median 2.13).
What is the liquidity of Vitring AS like?
The current ratio was 12.54 in 2025 (median 1.23).
From the Central Coordinating Register
- Org. no.
- 919367180
- Legal form
- AS
- Sector
- Forretningsmessig tjenesteyting (78.100)
- Employees
- 0–4 (not registered)
- Founded
- 29 June 2017 9 years in operation
- Share capital
- 0.06 MNOK
- Business address
- Angelltrøvegen 228, 7048 TRONDHEIM
- Municipality
- Trondheim rank 3 of 11 in KOSTRA group 12
- Audit
- Audit opted out from 3 August 2017
- 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 3 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.
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.
Is this your company? Suggest changes or add information
Figures last fetched 8 November 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 91 | 27 | – | |
| Rank | 52 | 3,350 | – | |
| Operating margin | 32.5% | −14.2% | – | |
| Return on assets | 42.8% | −22.6% | −54.8% | |
| Equity ratio | 74.6% | 54.9% | 92.7% | |
| Current ratio | 3.42 | 1.93 | 12.54 | |
| Revenue growth | – | −46.7% | −100.0% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 3.3 MNOK | 1.8 MNOK | 0.0 MNOK |
| Operating profit | 1.1 MNOK | −0.3 MNOK | −0.2 MNOK |
| Profit before tax | 1.1 MNOK | −0.4 MNOK | −0.2 MNOK |
| Tax expense | 0.2 MNOK | 0.0 MNOK | – |
| Net profit | 0.8 MNOK | −0.4 MNOK | −0.2 MNOK |
| Financial expenses | 0.0 MNOK | 0.1 MNOK | 0.0 MNOK |
| Total assets | 2.5 MNOK | 1.1 MNOK | 0.4 MNOK |
| Current assets | 2.2 MNOK | 1.0 MNOK | 0.3 MNOK |
| Equity | 1.9 MNOK | 0.6 MNOK | 0.4 MNOK |
| Retained earnings | 1.9 MNOK | 0.6 MNOK | 0.3 MNOK |
| Total liabilities | 0.6 MNOK | 0.5 MNOK | 0.0 MNOK |
| Current liabilities | 0.6 MNOK | 0.5 MNOK | 0.0 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 8 November 2026, accounts id 7229480.