Happybytes AS
Score · fiscal year 2024
6of 100
How to read this: the company is ahead of 0 % of companies in the Morning class Medium in the same sector in 2024. What does this mean?
Rank in the Morning class Medium: 700 of 701 · What are Morning company classes?
Place in the whole sector: 3,083 of 3,097 · Informasjon og kommunikasjon
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 6 and solidity 0 out of 100 among companies in the Morning class Medium in the same sector in 2024. Methodology
Against the sector
Happybytes AS is 45 points below the median for companies in the Morning class Medium in the same sector in 2024.
Median score 51 among 701 companies.
Against companies in the Morning class Medium in the same sector in 2024: operating margin −9.7% (median 6.0%) and equity ratio −211.7% (median 29.2%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 119 MNOK | 105 MNOK |
| Operating margin | −9.7% | 6.0% |
| Profit margin | −12.2% | 6.8% |
| Return on assets | −78.1% | 11.6% |
| Equity ratio | −211.7% | 29.2% |
| Debt-to-equity | – | 2.30 |
| Current ratio | 0.26 | 1.17 |
| Revenue growth | −4.6% | 7.2% |
| Revenue per employee | 14.93 MNOK | 2.83 MNOK |
The median and “ahead of” refer to companies in the Morning class Medium in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
With an index of 6, Happybytes AS does better than 0% of companies in the Morning class Medium in the same sector (701 companies) in 2024.
Score 2023–2025
- Happybytes AS
- Median: companies in the Morning class Medium in the same sector
What the numbers say
Happybytes AS had an operating margin of −9.7% and an equity ratio of −211.7% in 2024, and ranks 3,083 of 3,097 in Informasjon og kommunikasjon.
From 2023 to 2024: the equity ratio fell from −51.0% to −211.7% and the operating margin rose from −22.4% to −9.7%.
This text is generated automatically from the 2024 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 −211.7% (median 29.2%).
- critical
Consider strengthening liquidity: current liabilities are 3.9 times current assets.
Based on: Current ratio 0.26 (median 1.17).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −12.2% (median 6.8%).
- 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 −9.7% (median 6.0%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 6.4% 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
- 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 | 6 | weight 30% |
|---|---|---|
| Solidity | 0 | weight 25% |
| Liquidity | 3 | weight 15% |
| Growth | 19 | weight 15% |
| Consistency | 3 | weight 15% |
Durability: 5 (average over 2 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Happybytes AS?
The operating margin was −9.7% in 2024, against a median of 6.0% among companies in the Morning class Medium in the same sector. Return on assets was −78.1%. The company made a loss before tax.
How solid is Happybytes AS?
The equity ratio was −211.7% in 2024 (median 29.2%). Equity is negative, so liabilities exceed assets.
What is the liquidity of Happybytes AS like?
The current ratio was 0.26 in 2024 (median 1.17). Current assets did not cover current liabilities.
How does Happybytes AS compare in Informasjon og kommunikasjon?
Happybytes AS ranks 3,083 of 3,097 in Informasjon og kommunikasjon for 2024. Among companies in the Morning class Medium it is number 700 of 701. Revenue changed by −4.6% from the year before.
From the Central Coordinating Register
- Org. no.
- 920033881
- Legal form
- AS
- Sector
- Informasjon og kommunikasjon (61.200)
- Morning company class
- Medium
- Employees
- 8 registered 10 June 2026
- Founded
- 23 November 2017 8 years in operation
- Share capital
- 0.11 MNOK
- Business address
- Nydalen allé 67, 0485 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
- 57
- Largest owner
- 33.1% · top three 57.2%
- Split
- companies 97% · private persons 3% · foreign 0%
- Owned from the same municipality
- 51%
- Owners over 60
- 20% of the shares held by persons (median age 50)
- Red Mit AS · 33.1%
- SKJERSTAD.Net AS · 17.2%
- Nokab Holding AS · 7.0%
- Tom Stiansen AS · 3.7%
- Byggteknikk Prosjekt AS · 3.5%
- Even Nordstrøm AS · 3.3%
- A Management AS · 3.0%
- Sandaker Holding AS · 2.6%
- North Light Trading AS · 2.4%
- Kgi AS · 2.1%
- 12 private persons · 3.1%
The company is new in the shareholder register in 2025.
Majority owner of: Happynext AS (100%)
Holds shares in: Happynext AS (100%), Fair Partners AS (0%)
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 6 November 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 4 | 6 | 13 | |
| Rank | 2,942 | 3,083 | 3,068 | |
| Operating margin | −22.4% | −9.7% | −35.9% | |
| Return on assets | −84.5% | −78.1% | −216.1% | |
| Equity ratio | −51.0% | −211.7% | −365.9% | |
| Current ratio | 0.59 | 0.26 | 0.20 | |
| Revenue growth | – | −4.6% | 23.1% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 125.2 MNOK | 119.5 MNOK | 147.1 MNOK |
| Operating profit | −28.0 MNOK | −11.6 MNOK | −52.8 MNOK |
| Profit before tax | −28.8 MNOK | −14.6 MNOK | −57.9 MNOK |
| Tax expense | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Net profit | −28.8 MNOK | −14.6 MNOK | −57.9 MNOK |
| Financial expenses | 0.8 MNOK | 3.0 MNOK | 5.1 MNOK |
| Total assets | 33.2 MNOK | 14.9 MNOK | 24.4 MNOK |
| Current assets | 28.4 MNOK | 11.8 MNOK | 23.0 MNOK |
| Equity | −16.9 MNOK | −31.5 MNOK | −89.4 MNOK |
| Retained earnings | −17.0 MNOK | −31.6 MNOK | −89.5 MNOK |
| Total liabilities | 50.1 MNOK | 46.4 MNOK | 113.8 MNOK |
| Current liabilities | 47.9 MNOK | 45.7 MNOK | 113.8 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 6 November 2026, accounts id 6126473.
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