Inline-Test 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 2024
48of 100
How to read this: the company is ahead of 45 % of companies in the Morning class Small in the same sector in 2024. What does this mean?
Rank in the Morning class Small: 996 of 1,794 · What are Morning company classes?
Place in the whole sector: 5,237 of 9,532 · Teknisk tjenesteyting og forskning
Profile
Elephant · Steward
Lower profitability, high resilience
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 6 and resilience 68 out of 100 among companies in the Morning class Small in the same sector in 2024. Methodology
Against the sector
Inline-Test AS is 3 points below the median for companies in the Morning class Small in the same sector in 2024.
Median score 51 among 1,794 companies.
Against companies in the Morning class Small in the same sector in 2024: operating margin −111.5% (median 5.2%) and equity ratio 67.7% (median 33.1%).
How it has gone · 2023–2025
Revenue rose by 105 % from 2023 to 2025, to 15.5 MNOK. The operating margin rose from −167.3% in 2023 to −64.4% in 2025. The equity ratio is about the same: 68.1% in 2025 against 67.9% in 2023.
Amounts in the reporting currency. The full year-by-year table is further down under «Details». See every figure year by year
Worth a closer look
- critical
The operating result does not cover the financial costs. How will the debt be serviced, and what do the lenders say?
Based on: Interest coverage (times) −7.5 (median 12.3); Financial costs as a share of debt 7.7% (median 1.0%).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −121.6% (median 5.6%).
- 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 −111.5% (median 5.2%).
- watch
Receivables equal far more days of revenue than at comparable companies. Do customers pay late, or are these loans to companies in the same group?
Based on: Receivable days 172 days (median 67 days).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 7.7% 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
- watch Extreme margin: check the figures
Scenario analysis: the sector's weakest year
We have no accounts for 2021, the sector's weakest year, for this company.
The sector's weakest year was 2021, with a median operating margin of −0.2%. Based on the 10 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 6 | weight 40% |
|---|---|---|
| Solidity | 90 | weight 20% |
| Liquidity | 65 | weight 5% |
| Growth | 89 | weight 25% |
| Consistency | 26 | weight 10% |
Three goals: profitability 40%, growth 25%, resilience 35%. Why these weights?
Durability: 40 (average over 2 years)
Index version 3. Data completeness 100%: the share of the weights that had data.
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 11 MNOK | 18 MNOK |
| Operating margin | −111.5% | 5.2% |
| Profit margin | −121.6% | 5.6% |
| Return on assets | −18.0% | 12.8% |
| Equity ratio | 67.7% | 33.1% |
| Debt-to-equity | 0.48 | 1.87 |
| Current ratio | 1.68 | 1.40 |
| Revenue growth | 43.0% | 7.8% |
| Revenue per employee | 0.64 MNOK | 1.65 MNOK |
The median and “ahead of” refer to companies in the Morning class Small in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
With an index of 48, Inline-Test AS does better than 45% of companies in the Morning class Small in the same sector (1,794 companies) in 2024.
Score 2023–2025
- Inline-Test AS
- Median: companies in the Morning class Small in the same sector
Working capital and debt
| Measure | Company | Median | |
|---|---|---|---|
| Working capital | |||
| Receivable days All current receivables, including those on group companies, in days of revenue. |
172 days | 67 days | |
| Inventory and other current assets, days Current assets other than receivables and bank deposits, that is inventory and short-term investments, in days of revenue. |
25 days | 0 days | |
| Net working capital to revenue Current assets less bank deposits less current liabilities, divided by revenue. Negative: short-term debt funds the operations. |
−5.4% | −4.9% | |
| Cash share of current assets How much of the short-term buffer is bank deposits and cash. |
45.8% | 41.4% | |
| Debt and interest burden | |||
| Interest coverage (times) Operating result divided by all financial costs. Below 1: operations do not cover the cost of the debt. |
−7.5 | 12.3 | |
| Financial costs as a share of debt All financial costs (interest, currency losses and other) divided by all debt, interest-free debt included. Not an interest rate. |
7.7% | 1.0% | |
| Long-term share of debt Long-term debt as a share of all debt. A low share means more falls due within a year. |
69.3% | 0.0% | |
The operating result is negative, so the interest coverage is negative: operations cover none of the financial costs.
Net working capital (current assets less bank deposits less current liabilities): −0.6 MNOK.
Of the financial costs of 1.6 MNOK, 1.4 MNOK is reported as interest costs in the accounts.
The median and the bar refer to companies in the Morning class Small in the same sector in 2024. The bar shows the share of the group with a lower figure: higher is not always better, long receivable days tie up capital, for example. These figures do not count in the score.
What the numbers say
Inline-Test AS had an operating margin of −111.5% and an equity ratio of 67.7% in 2024, and ranks 5,237 of 9,532 in Teknisk tjenesteyting og forskning.
From 2023 to 2024: the operating margin rose from −167.3% to −111.5% and revenue grew by 43%.
This text is generated automatically from the 2024 accounts.
Three simple methods
One method gives a figure: 62 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 14.9 | not meaningful |
| EV/EBIT | 14.3 | not meaningful |
| P/B | 2.3 | 62 MNOK |
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 multiples are from the listed industry that matches the NACE code (71.1): Engineering/Construction.
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
Questions and answers
How profitable is Inline-Test AS?
The operating margin was −111.5% in 2024, against a median of 5.2% among companies in the Morning class Small in the same sector. Return on assets was −18.0%. The company made a loss before tax.
How solid is Inline-Test AS?
The equity ratio was 67.7% in 2024 (median 33.1%). Debt-to-equity was 0.48 (median 1.87).
What is the liquidity of Inline-Test AS like?
The current ratio was 1.68 in 2024 (median 1.40).
How does Inline-Test AS compare in Teknisk tjenesteyting og forskning?
Inline-Test AS ranks 5,237 of 9,532 in Teknisk tjenesteyting og forskning for 2024. Among companies in the Morning class Small it is number 996 of 1,794. Revenue changed by 43.0% from the year before.
From the Central Coordinating Register
- Org. no.
- 919885092
- Legal form
- AS
- Sector
- Teknisk tjenesteyting og forskning (71.129)
- Purpose
- Teknologiutvikling og salg av teknologi samt tilhørende tjenester og produkter.
- Morning company class
- Small
- Employees
- 17 registered 10 September 2026
- Founded
- 9 October 2017 9 years in operation
- Share capital
- 0.25 MNOK
- Business address
- Storgata 29, 6413 MOLDE
- Municipality
- Molde rank 1–8 of 13 in KOSTRA group 10
- Latest accounts filed
- 2025
- VAT registered
- Yes
- LEI
- 636700J4A2JIPSDDEG32 renews 27 May 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 1 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.
Shareholders (2025)
- Number of shareholders
- 23
- Largest owner
- 18.3% · top three 30.4%
- Split
- companies 50% · private persons 0% · foreign 0%
- Proventure Seed II AS · 36.7%
- Skagerak Capital Iii AS · 14.4%
- Berten Holding AS · 9.7%
- Fff Invest AS · 9.1%
- AF Offshore AS · 6.9%
- Henden AS · 6.2%
- Devico Invest AS · 3.8%
- Abba Holding AS · 2.7%
- Shd AS · 2.2%
- Manoli AS · 2.1%
The company is new in the shareholder register in 2025.
The owners' shares do not add up to the company's total number of shares in the source.
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 5 November 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 32 | 48 | 45 | |
| Rank | 6,854 | 5,237 | 6,116 | |
| Operating margin | −167.3% | −111.5% | −64.4% | |
| Return on assets | −18.3% | −18.0% | −14.6% | |
| Equity ratio | 67.9% | 67.7% | 68.1% | |
| Current ratio | 2.23 | 1.68 | 0.60 | |
| Revenue growth | – | 43.0% | 43.5% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 7.6 MNOK | 10.8 MNOK | 15.5 MNOK |
| Operating profit | −12.7 MNOK | −12.1 MNOK | −10.0 MNOK |
| Profit before tax | −14.0 MNOK | −13.2 MNOK | −11.0 MNOK |
| Tax expense | −3.1 MNOK | 0.0 MNOK | 0.0 MNOK |
| Net profit | −10.9 MNOK | −13.2 MNOK | −11.0 MNOK |
| Financial expenses | 1.4 MNOK | 1.6 MNOK | 1.3 MNOK |
| Total assets | 68.6 MNOK | 64.3 MNOK | 66.5 MNOK |
| Current assets | 13.9 MNOK | 10.7 MNOK | 7.4 MNOK |
| Equity | 46.6 MNOK | 43.5 MNOK | 45.3 MNOK |
| Retained earnings | – | – | – |
| Total liabilities | 22.0 MNOK | 20.8 MNOK | 21.2 MNOK |
| Current liabilities | 6.2 MNOK | 6.4 MNOK | 12.3 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 5 November 2026, accounts id 5936493.
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