Bilberry Technologies 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
12of 100
How to read this: the company is ahead of 2 % of companies in the Morning class Small in the same sector in 2025. What does this mean?
Rank in the Morning class Small: 1,268 of 1,292 · What are Morning company classes?
Place in the whole sector: 4,198 of 4,282 · Informasjon og kommunikasjon
Profile
Beaver · Builder
Lower profitability, lower resilience
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 0 and resilience 1 out of 100 among companies in the Morning class Small in the same sector in 2025. Methodology
Against the sector
Bilberry Technologies AS is 39 points below the median for companies in the Morning class Small in the same sector in 2025.
Median score 51 among 1,292 companies.
Against companies in the Morning class Small in the same sector in 2025: operating margin −896.6% (median 5.3%) and equity ratio −91.4% (median 35.3%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 13 MNOK | 21 MNOK |
| Operating margin | −896.6% | 5.3% |
| Profit margin | −910.7% | 5.4% |
| Return on assets | −313.0% | 9.7% |
| Equity ratio | −91.4% | 35.3% |
| Debt-to-equity | – | 1.57 |
| Current ratio | 0.10 | 1.34 |
| Revenue growth | 62.4% | 7.8% |
| Revenue per employee | 0.93 MNOK | 1.93 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 12, Bilberry Technologies AS does better than 2% of companies in the Morning class Small in the same sector (1,292 companies) in 2025.
Score 2023–2025
- Bilberry Technologies AS
- Median: companies in the Morning class Small in the same sector
Bilberry Technologies AS has a score of 12 for 2025, rank 4,198 of 4,282 in the sector.
Strongest: Growth: percentile 46 against peers, revenue growth 62.4% against a median of 7.8%.
Weakest: Solidity: percentile 0 against peers, equity ratio −91.4% against a median of 35.3%. Profitability: percentile 0 against peers, operating margin −896.6% against a median of 5.3%.
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 −91.4% (median 35.3%).
- Consider strengthening liquidity: current liabilities are 10.0 times current assets. Based on: current ratio 0.10 (median 1.34).
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin −910.7% (median 5.4%).
- 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 Bilberry Technologies AS fell by 90.9 percentage points. Comparable companies rose by a median 1.1 points. So the company did 92.0 points weaker than the industry, for reasons of its own.
Over 2 year-to-year changes Bilberry Technologies AS moved the same way as comparable companies 0 times. About 0% 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 | −805.7% | 4.1% | +229.1 percentage points | −0.2 percentage points | +229.3 percentage points |
| 2025 | −896.6% | 5.3% | −90.9 percentage points | +1.1 percentage points | −92.0 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 Bilberry Technologies 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 Bilberry Technologies AS fell 90.9 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 | – | – | −1,034.7% | −805.7% | −896.6% | – |
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 Bilberry Technologies AS fell 90.9 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 | – | – | −1,034.7% | −805.7% | −896.6% | – |
Source: SSB (13863, CC BY 4.0). Source
USD/NOK (kr)
USD/NOK fell 3.3% in 2025; the operating margin of Bilberry Technologies AS fell 90.9 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 | – | – | −1,034.7% | −805.7% | −896.6% | – |
Source: Norges Bank (EXR, NLOD 2.0). Source
Policy rate (prosent)
Policy rate fell 0.20 percentage points in 2025; the operating margin of Bilberry Technologies AS fell 90.9 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 | – | – | −1,034.7% | −805.7% | −896.6% | – |
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 Bilberry Technologies AS fell 90.9 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 | – | – | −1,034.7% | −805.7% | −896.6% | – |
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 Bilberry Technologies AS fell 90.9 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 | – | – | −1,034.7% | −805.7% | −896.6% | – |
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
Bilberry Technologies AS had an operating margin of −896.6% and an equity ratio of −91.4% in 2025, and ranks 4,198 of 4,282 in Informasjon og kommunikasjon.
From 2024 to 2025: the operating margin fell from −805.7% to −896.6% and the equity ratio fell from 89.3% to −91.4%.
This text is generated automatically from the 2025 accounts.
Three simple methods
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 18.0 | not meaningful |
| EV/EBIT | 14.9 | not meaningful |
| P/B | 3.6 | not meaningful |
The multiples are from the listed industry that matches the NACE code (62): Computer 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
- critical
Equity is negative. How will it be rebuilt, and what do lenders and the auditor say about going concern?
Based on: Equity ratio −91.4% (median 35.3%).
- critical
Consider strengthening liquidity: current liabilities are 10.0 times current assets.
Based on: Current ratio 0.10 (median 1.34).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −910.7% (median 5.4%).
- 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 −896.6% (median 5.3%).
- watch
Strong growth with weak liquidity. Is the growth financed, or does it tie up capital the company does not have?
Based on: Revenue growth 62.4% (median 7.8%); Current ratio 0.10 (median 1.34).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 3.2% 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
- watch Extreme margin: check the figures
- 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 | 0 | weight 40% |
|---|---|---|
| Solidity | 0 | weight 20% |
| Liquidity | 1 | weight 5% |
| Growth | 46 | weight 25% |
| Consistency | 3 | weight 10% |
Three goals: profitability 40%, growth 25%, resilience 35%. Why these weights?
Durability: 32 (average over 3 years)
Index version 3. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Bilberry Technologies AS?
The operating margin was −896.6% in 2025, against a median of 5.3% among companies in the Morning class Small in the same sector. Return on assets was −313.0%. The company made a loss before tax.
How solid is Bilberry Technologies AS?
The equity ratio was −91.4% in 2025 (median 35.3%). Equity is negative, so liabilities exceed assets.
What is the liquidity of Bilberry Technologies AS like?
The current ratio was 0.10 in 2025 (median 1.34). Current assets did not cover current liabilities.
How does Bilberry Technologies AS compare in Informasjon og kommunikasjon?
Bilberry Technologies AS ranks 4,198 of 4,282 in Informasjon og kommunikasjon for 2025. Among companies in the Morning class Small it is number 1,268 of 1,292. Revenue changed by 62.4% from the year before.
Group structure · 2025
30 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.
No owner holds more than half of the shares in Folke Hermansen AS.
Folke Hermansen AS has not filed group accounts in open data, so the group has no index of its own. Each company has its own accounts.
The group in figures
- Sectors
- Transport og lagring (6 companies), Forretningsmessig tjenesteyting (2 companies), Sjøfart (6 companies), Annen tjenesteyting (1 company), Kultur og fritid (1 company), Handel (1 company) and 2 more 20 of 30 companies in the tree have accounts with us. Sectors are sorted by the companies' own revenue, which includes sales between the group's companies.
- Employees in Norway
- 4,752 in all. Bergen 4,611, Oslo 83, Vågan 44, Stavanger 14 Registered employees in the Central Coordinating Register, by the municipality of the business address. Employees may work elsewhere.
- Negative equity
- 2 companies: Bilberry Technologies AS, Dsd Investering 2 AS
- Loss
- 9 companies: Tide Buss AS, Tide Verksted AS, Tide AS, Mobitech AS, Bilberry Technologies AS, Ferdia AS …
- Changed 2024–2025
- 1 company joined the group. 6 companies left, among them: Tide Eiendom Hordaland Newco AS, Tide Eiendom Hordaland AS, Tide Eiendom Voss AS, Rødlimyra AS.
A subsidiary with negative equity or a loss may be backed by the group, for example with group contributions or guarantees. It is an indication of what is worth asking about, not an assessment.
-
Folke Hermansen AS
-
Dsd AS
-
Dsd Investering 2 AS
- Bilberry Technologies AS you are here
- Mobitech AS
- Ferdia AS
- Org. no. 935074487
- Dsd Ships 4 AS
- Dsd Ships 5 AS
- Dsd Ships 6 AS
- Det Stavangerske Dampskibsselskab AS
- Det Stavangerske Dampskibsselskab Shipping AS
- Klasaskjæret AS
- Stavangerske AS
-
-
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.
From the Central Coordinating Register
- Org. no.
- 920148867
- Legal form
- AS
- Sector
- Informasjon og kommunikasjon (62.100)
- Morning company class
- Small
- Employees
- 14 registered 10 October 2026
- Founded
- 1 December 2017 8 years in operation
- Share capital
- 93.61 MNOK
- Business address
- Vestfjordgata 20, 8300 SVOLVÆR (VÅGAN)
- Municipality
- Vågan rank 6–16 of 18 in KOSTRA group 2
- Latest accounts filed
- 2025
- Website
- www.bilberry.no
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
- 0%
- Group chain
-
Owned by: Dsd Investering 2 AS (100%)
Ultimate owner: Folke Hermansen AS
The owner: the majority owner Dsd Investering 2 AS (holds 100%) had negative equity in 2025. made a loss in 2025. A weak parent can affect the subsidiary through group contributions, loans and guarantees. It is an indication to watch, not an assessment of the company.
- Dsd Investering 2 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.
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 | 34 | 49 | 12 | |
| Rank | 3,032 | 2,293 | 4,198 | |
| Operating margin | −1,034.7% | −805.7% | −896.6% | |
| Return on assets | −62.7% | −67.7% | −313.0% | |
| Equity ratio | 87.8% | 89.3% | −91.4% | |
| Current ratio | 1.31 | 1.75 | 0.10 | |
| Revenue growth | – | 71.0% | 62.4% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 4.7 MNOK | 8.0 MNOK | 13.0 MNOK |
| Operating profit | −48.5 MNOK | −64.6 MNOK | −116.7 MNOK |
| Profit before tax | −49.4 MNOK | −66.2 MNOK | −118.5 MNOK |
| Tax expense | 0.0 MNOK | 0.0 MNOK | – |
| Net profit | −49.4 MNOK | −66.2 MNOK | −118.5 MNOK |
| Financial expenses | 1.1 MNOK | 2.1 MNOK | 2.3 MNOK |
| Total assets | 77.0 MNOK | 94.7 MNOK | 37.1 MNOK |
| Current assets | 12.3 MNOK | 17.7 MNOK | 7.1 MNOK |
| Equity | 67.6 MNOK | 84.6 MNOK | −33.9 MNOK |
| Retained earnings | – | −9.0 MNOK | −127.5 MNOK |
| Total liabilities | 9.4 MNOK | 10.1 MNOK | 71.1 MNOK |
| Current liabilities | 9.4 MNOK | 10.1 MNOK | 71.1 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 5 November 2026, accounts id 7224016.
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