IT SOURCE AS
Score · fiscal year 2023
29of 100
How to read this: the company is ahead of 20 % of companies in the Morning class Small in the same sector in 2023. What does this mean?
Rank in the Morning class Small: 5,423 of 6,814 · What are Morning company classes?
Place in the whole sector: 16,730 of 21,216 · Handel
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2023, not a verdict on the company. Based on profitability 61 and solidity 6 out of 100 among companies in the Morning class Small in the same sector in 2023. Methodology
Against the sector
IT SOURCE AS is 21 points below the median for companies in the Morning class Small in the same sector in 2023.
Median score 50 among 6,814 companies.
Against companies in the Morning class Small in the same sector in 2023: operating margin 2.3% (median 3.2%) and equity ratio 2.5% (median 36.2%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 46 MNOK | 20 MNOK |
| Operating margin | 2.3% | 3.2% |
| Profit margin | 0.2% | 2.9% |
| Return on assets | 22.0% | 9.3% |
| Equity ratio | 2.5% | 36.2% |
| Debt-to-equity | 38.68 | 1.55 |
| Current ratio | 1.03 | 1.71 |
| Revenue growth | – | 4.2% |
The median and “ahead of” refer to companies in the Morning class Small in the same sector in 2023. The bar shows the share of companies the figure is ahead of.
With an index of 29, IT SOURCE AS does better than 20% of companies in the Morning class Small in the same sector (6,814 companies) in 2023.
Score 2023–2025
- IT SOURCE AS
- Median: companies in the Morning class Small in the same sector
What the numbers say
IT SOURCE AS had an operating margin of 2.3% and an equity ratio of 2.5% in 2023, and ranks 16,730 of 21,216 in Handel.
This text is generated automatically from the 2023 accounts.
Three simple methods
The methods give between 0 MNOK and 10 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 1 MNOK |
| EV/EBIT | 8.0 | 10 MNOK |
| P/B | 1.0 | 0 MNOK |
A mechanical estimate from public accounts, not advice. Mechanical estimate from public accounts with fixed multiples. Not a valuation and not advice to buy or sell. The multiples are provisional default values and must be adjusted per sector before the figures are used for anything. See the calculation
Worth a closer look
- watch
The equity ratio is very low. Could the company absorb a bad year, and does it need more equity?
Based on: Equity ratio 2.5% (median 36.2%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 21.2% of the debt in 2023. The policy rate averaged 3.54 % the same year. This is a plain description of what the debt cost, not a model of interest sensitivity.
Data quality
No anomalies found in the figures.
Scenario analysis: the sector's weakest year
We have no accounts for 2022, the sector's weakest year, for this company.
The sector's weakest year was 2022, with a median operating margin of 1.5%. Based on the 11 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 61 | weight 30% |
|---|---|---|
| Solidity | 6 | weight 25% |
| Liquidity | 13 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 19 | weight 15% |
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is IT SOURCE AS?
The operating margin was 2.3% in 2023, against a median of 3.2% among companies in the Morning class Small in the same sector. Return on assets was 22.0%.
How solid is IT SOURCE AS?
The equity ratio was 2.5% in 2023 (median 36.2%). Debt-to-equity was 38.68 (median 1.55).
What is the liquidity of IT SOURCE AS like?
The current ratio was 1.03 in 2023 (median 1.71).
How does IT SOURCE AS compare in Handel?
IT SOURCE AS ranks 16,730 of 21,216 in Handel for 2023. Among companies in the Morning class Small it is number 5,423 of 6,814.
From the Central Coordinating Register
- Org. no.
- 920145930
- Legal form
- AS
- Sector
- Handel (46.500)
- Morning company class
- Small
- Employees
- 0–4 (not registered)
- Founded
- 20 November 2017 8 years in operation
- Share capital
- 0.03 MNOK
- Business address
- Leif Weldings vei 18, 3208 SANDEFJORD
- Municipality
- Sandefjord rank 2–7 of 10 in KOSTRA group 11
- 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
- Chief executive
- Christopher James Perry
- Chair of the board
- Christopher James Perry
- Auditor
- HLO REVISJON & RÅDGIVNING AS
Source: Central Coordinating Register, fetched 29 October 2026. Only names are shown.
Owners and shareholdings will appear here once the shareholder data extract is in place.
Coming · not built yet
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 26 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 29 | 29 | 21 | |
| Rank | 16,730 | 18,425 | 21,034 | |
| Operating margin | 2.3% | 1.5% | −0.3% | |
| Return on assets | 22.0% | 8.6% | 2.1% | |
| Equity ratio | 2.5% | 1.9% | 2.3% | |
| Current ratio | 1.03 | 1.02 | 1.02 | |
| Revenue growth | – | 12.1% | −13.5% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 46.2 MNOK | 51.7 MNOK | 44.7 MNOK |
| Operating profit | 1.0 MNOK | 0.8 MNOK | −0.1 MNOK |
| Profit before tax | 0.1 MNOK | 0.1 MNOK | 0.0 MNOK |
| Net profit | 0.1 MNOK | 0.0 MNOK | 0.0 MNOK |
| Financial expenses | 1.3 MNOK | 0.9 MNOK | 0.2 MNOK |
| Total assets | 6.4 MNOK | 11.1 MNOK | 9.3 MNOK |
| Current assets | 6.4 MNOK | 11.1 MNOK | 9.3 MNOK |
| Equity | 0.2 MNOK | 0.2 MNOK | 0.2 MNOK |
| Retained earnings | 0.1 MNOK | 0.2 MNOK | 0.2 MNOK |
| Total liabilities | 6.2 MNOK | 10.9 MNOK | 9.1 MNOK |
| Current liabilities | 6.2 MNOK | 10.9 MNOK | 9.1 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 4607157.
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