Nibble AS
Score · fiscal year 2025
32of 100
How to read this: the company is ahead of 16 % of companies in the Morning class Small in the same sector in 2025. What does this mean?
Rank in the Morning class Small: 925 of 1,101 · What are Morning company classes?
Place in the whole sector: 2,739 of 3,294 · Informasjon og kommunikasjon
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 19 and solidity 0 out of 100 among companies in the Morning class Small in the same sector in 2025. Methodology
Against the sector
Nibble AS is 18 points below the median for companies in the Morning class Small in the same sector in 2025.
Median score 50 among 1,101 companies.
Against companies in the Morning class Small in the same sector in 2025: operating margin −4.5% (median 4.8%) and equity ratio −3.8% (median 34.3%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 11 MNOK | 22 MNOK |
| Operating margin | −4.5% | 4.8% |
| Profit margin | −4.6% | 5.0% |
| Return on assets | −16.2% | 9.1% |
| Equity ratio | −3.8% | 34.3% |
| Debt-to-equity | – | 1.62 |
| Current ratio | 1.30 | 1.33 |
| Revenue growth | 113.2% | 7.9% |
| Revenue per employee | 1.64 MNOK | 1.81 MNOK |
The median and “ahead of” refer to companies in the Morning class Small in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 32, Nibble AS does better than 16% of companies in the Morning class Small in the same sector (1,101 companies) in 2025.
Score 2023–2025
- Nibble AS
- Median: companies in the Morning class Small in the same sector
Nibble AS has a score of 32 for 2025, rank 2,739 of 3,294 in the sector.
Strongest: Growth: percentile 95 against peers, revenue growth 113.2% against a median of 7.9%.
Weakest: Solidity: percentile 0 against peers, equity ratio −3.8% against a median of 34.3%. Profitability: percentile 19 against peers, operating margin −4.5% against a median of 4.8%.
Worth a closer look
- Equity is negative. How will it be rebuilt, and what do lenders and the auditor say about going concern? Based on: equity ratio −3.8% (median 34.3%).
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin −4.6% (median 5.0%).
- The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors? Based on: operating margin −4.5% (median 4.8%).
- 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
The industry or the company: what drove the result?
In 2025 the operating margin of Nibble AS fell by 4.1 percentage points. Comparable companies rose by a median 1.7 points. So the company did 5.8 points weaker than the industry, for reasons of its own.
Over 2 year-to-year changes Nibble AS moved the same way as comparable companies 0 times. About 25% 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 | −0.5% | 3.1% | +1.9 percentage points | −1.3 percentage points | +3.2 percentage points |
| 2025 | −4.5% | 4.8% | −4.1 percentage points | +1.7 percentage points | −5.8 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 Nibble AS. The figures stand side by side; we claim no cause.
Service prices: information and communication (indeks (2021 = 100))
Service prices: information and communication rose 4.0% in 2025; the operating margin of Nibble AS fell 4.1 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Service prices: information and communication, annual average | 100.0 | 103.3 | 108.7 | 112.2 | 116.7 | 120.0 (so far) |
| Change from the year before | – | +3.2% | +5.3% | +3.2% | +4.0% | +2.8% |
| The company's operating margin | – | – | −2.3% | −0.5% | −4.5% | – |
Source: SSB (14335, CC BY 4.0). Source
Turnover index: information and communication (indeks (2021 = 100))
Turnover index: information and communication rose 4.6% in 2025; the operating margin of Nibble AS fell 4.1 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Turnover index: information and communication, annual average | 99.6 | 111.4 | 126.4 | 128.3 | 134.2 | 141.3 (so far) |
| Change from the year before | +14.7% | +11.8% | +13.5% | +1.5% | +4.6% | +5.3% |
| The company's operating margin | – | – | −2.3% | −0.5% | −4.5% | – |
Source: SSB (13863, CC BY 4.0). Source
USD/NOK (kr)
USD/NOK fell 3.3% in 2025; the operating margin of Nibble AS fell 4.1 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| USD/NOK, annual average | 8.59 | 9.61 | 10.56 | 10.75 | 10.39 | 9.54 (so far) |
| Change from the year before | −8.8% | +11.9% | +9.9% | +1.7% | −3.3% | −8.2% |
| The company's operating margin | – | – | −2.3% | −0.5% | −4.5% | – |
Source: Norges Bank (EXR, NLOD 2.0). Source
Policy rate (prosent)
Policy rate fell 0.20 percentage points in 2025; the operating margin of Nibble AS fell 4.1 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 | – | – | −2.3% | −0.5% | −4.5% | – |
Source: Norges Bank (IR, NLOD 2.0). Source
Consumer price index (indeks (2025 = 100))
Consumer price index rose 3.0% in 2025; the operating margin of Nibble AS fell 4.1 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 | – | – | −2.3% | −0.5% | −4.5% | – |
Source: SSB (14710, CC BY 4.0). Source
Wage index: IT services (indeks)
Wage index: IT services rose 4.4% in 2025; the operating margin of Nibble AS fell 4.1 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Wage index: IT services, annual average | 84.9 | 87.8 | 92.3 | 97.3 | 101.5 | 105.4 (so far) |
| Change from the year before | +4.9% | +3.5% | +5.1% | +5.4% | +4.4% | +3.8% |
| The company's operating margin | – | – | −2.3% | −0.5% | −4.5% | – |
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
Nibble AS had an operating margin of −4.5% and an equity ratio of −3.8% in 2025, and ranks 2,739 of 3,294 in Informasjon og kommunikasjon.
From 2024 to 2025: revenue grew by 113% and the equity ratio fell from 22.6% to −3.8%.
This text is generated automatically from the 2025 accounts.
Three simple methods
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 17.7 | not meaningful |
| EV/EBIT | 14.3 | not meaningful |
| P/B | 2.6 | not meaningful |
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
Equity is negative. How will it be rebuilt, and what do lenders and the auditor say about going concern?
Based on: Equity ratio −3.8% (median 34.3%).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −4.6% (median 5.0%).
- watch
The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors?
Based on: Operating margin −4.5% (median 4.8%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 0.4% 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
- critical Negative equity
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 4.1%. 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 | 19 | weight 30% |
|---|---|---|
| Solidity | 0 | weight 25% |
| Liquidity | 49 | weight 15% |
| Growth | 95 | weight 15% |
| Consistency | 31 | weight 15% |
Durability: 32 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Nibble AS?
The operating margin was −4.5% in 2025, against a median of 4.8% among companies in the Morning class Small in the same sector. Return on assets was −16.2%. The company made a loss before tax.
How solid is Nibble AS?
The equity ratio was −3.8% in 2025 (median 34.3%). Equity is negative, so liabilities exceed assets.
What is the liquidity of Nibble AS like?
The current ratio was 1.30 in 2025 (median 1.33).
How does Nibble AS compare in Informasjon og kommunikasjon?
Nibble AS ranks 2,739 of 3,294 in Informasjon og kommunikasjon for 2025. Among companies in the Morning class Small it is number 925 of 1,101. Revenue changed by 113.2% from the year before.
Group structure · 2025
2 companies in the group according to the shareholder register for 2025. A company counts as a subsidiary when a Norwegian company owns more than half of its shares.
Private persons own 100% of the shares in Moki Holding AS. Persons are not shown by name.
Moki Holding AS has not filed group accounts in open data, so the group has no index of its own. Each company has its own accounts.
-
Moki Holding AS
- Nibble AS you are here
Read the figures with care: a company in a group can look strong because of group contributions, or weak because dividends go up to the parent. The figures are indications, not the full picture.
Source: the Norwegian Tax Administration's shareholder register 2025 (majority owner with more than 50 % of the shares). Voting agreements and ownership through other countries are not included.
Public contracts
- Contracts awarded since 2024
- 1
- Total awarded value since 2024
- 0.0 MNOK
| Date | Buyer | Notice | Value |
|---|---|---|---|
| 21 May 2026 | Norsk rikskringkasting AS | NRK MA3261/19E - Dynamisk innkjøpsordning IKT Konsulenter | 0.0 MNOK |
Based on notices in Doffin. Does not show call-offs under framework agreements or purchases below the publication threshold. Values are as stated by the buyer.
Source: Doffin (DFØ), fetched 27 October 2026. Winners are matched on organisation number.
Contains data under the Norwegian licence for public data (NLOD 2.0) made available by Doffin/the Norwegian Agency for Public and Financial Management (DFØ). NLOD 2.0
From the Central Coordinating Register
- Org. no.
- 919468297
- Legal form
- AS
- Sector
- Informasjon og kommunikasjon (62.200)
- Morning company class
- Small
- Employees
- 7 registered 10 June 2026
- Founded
- 1 August 2017 9 years in operation
- Share capital
- 0.03 MNOK
- Business address
- Pilestredet 15B, 0164 OSLO
- Municipality
- Oslo rank 63–220 of 357 in Norway
- 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 1 November 2026. Only names are shown.
Shareholders (2025)
- Number of shareholders
- 1 (one owner)
- Largest owner
- 100.0%
- Split
- companies 100% · private persons 0% · foreign 0%
- Owned from the same municipality
- 100%
- Group chain
-
Owned by: Moki Holding AS (100%)
Ultimate owner: private person
- Moki Holding AS · 100.0%
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.
Figures last fetched 7 November 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 33 | 31 | 32 | |
| Rank | 2,430 | 2,727 | 2,739 | |
| Operating margin | −2.3% | −0.5% | −4.5% | |
| Return on assets | −11.6% | −1.4% | −16.2% | |
| Equity ratio | 20.5% | 22.6% | −3.8% | |
| Current ratio | 1.26 | 1.29 | 1.30 | |
| Revenue growth | – | −49.3% | 113.2% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 10.6 MNOK | 5.4 MNOK | 11.5 MNOK |
| Operating profit | −0.2 MNOK | 0.0 MNOK | −0.5 MNOK |
| Profit before tax | −0.2 MNOK | 0.0 MNOK | −0.5 MNOK |
| Tax expense | 0.0 MNOK | 0.0 MNOK | – |
| Net profit | −0.2 MNOK | 0.0 MNOK | −0.5 MNOK |
| Financial expenses | 0.0 MNOK | – | 0.0 MNOK |
| Total assets | 2.1 MNOK | 1.8 MNOK | 3.2 MNOK |
| Current assets | 2.1 MNOK | 1.8 MNOK | 3.2 MNOK |
| Equity | 0.4 MNOK | 0.4 MNOK | −0.1 MNOK |
| Retained earnings | 0.4 MNOK | 0.4 MNOK | −0.2 MNOK |
| Total liabilities | 1.7 MNOK | 1.4 MNOK | 3.3 MNOK |
| Current liabilities | 1.7 MNOK | 1.4 MNOK | 2.5 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 7 November 2026, accounts id 6763256.
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