Farfallina 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
Accounts for 2025 are missing. The deadline was 31 July 2026. The Brønnøysund Register Centre does not publish when accounts arrived, only the latest year filed.
Score · fiscal year 2024
19of 100
How to read this: the company is ahead of 7 % of companies in the Morning class Micro in the same sector in 2024. What does this mean?
Rank in the Morning class Micro: 6,603 of 7,107 · What are Morning company classes?
Place in the whole sector: 8,892 of 9,532 · Teknisk tjenesteyting og forskning
Profile
Beaver · Builder
Lower profitability, lower resilience
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 16 and resilience 8 out of 100 among companies in the Morning class Micro in the same sector in 2024. Methodology
Against the sector
Farfallina AS is 32 points below the median for companies in the Morning class Micro in the same sector in 2024.
Median score 51 among 7,103 companies.
Against companies in the Morning class Micro in the same sector in 2024: operating margin −1.5% (median 8.0%) and equity ratio −185.1% (median 44.0%).
How it has gone · 2022–2024
Revenue fell by 26 % from 2022 to 2024, to 1.1 MNOK. The operating margin fell from 3.6% in 2022 to −1.5% in 2024. The equity ratio fell from 17.4% in 2022 to −185.1% in 2024.
Amounts in the reporting currency. The full year-by-year table is further down under «Details». See every figure year by year
Farfallina AS has a score of 19 for 2024, rank 8,892 of 9,532 in the sector.
Strongest: Growth: percentile 38 against peers, revenue growth −42.9% against a median of 6.8%.
Weakest: Solidity: percentile 0 against peers, equity ratio −185.1% against a median of 44.0%. Liquidity: percentile 4 against peers, current ratio 0.38 against a median of 1.69.
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 −185.1% (median 44.0%).
- Consider strengthening liquidity: current liabilities are 2.6 times current assets. Based on: current ratio 0.38 (median 1.69).
- 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) −2.1 (median 13.8); financial costs as a share of debt 4.1% (median 0.7%).
- 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
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 −185.1% (median 44.0%).
- critical
Consider strengthening liquidity: current liabilities are 2.6 times current assets.
Based on: Current ratio 0.38 (median 1.69).
- 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) −2.1 (median 13.8); Financial costs as a share of debt 4.1% (median 0.7%).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −2.2% (median 7.9%).
- 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 −1.5% (median 8.0%).
- watch
Current liabilities exceed current assets other than bank deposits, and the current ratio is weak. Is it customer prepayments and supplier credit that fund the operations, or short-term loans that must be renewed?
Based on: Net working capital to revenue −11.0% (median −7.1%); Current ratio 0.38 (median 1.69).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 4.1% 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 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 | 16 | weight 40% |
|---|---|---|
| Solidity | 0 | weight 20% |
| Liquidity | 4 | weight 5% |
| Growth | 38 | weight 25% |
| Consistency | 26 | weight 10% |
Three goals: profitability 40%, growth 25%, resilience 35%. Why these weights?
Durability: 29 (average over 3 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 | 1 MNOK | 2 MNOK |
| Operating margin | −1.5% | 8.0% |
| Profit margin | −2.2% | 7.9% |
| Return on assets | −24.3% | 14.7% |
| Equity ratio | −185.1% | 44.0% |
| Debt-to-equity | – | 1.00 |
| Current ratio | 0.38 | 1.69 |
| Revenue growth | −42.9% | 6.8% |
The median and “ahead of” refer to companies in the Morning class Micro in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
With an index of 19, Farfallina AS does better than 7% of companies in the Morning class Micro in the same sector (7,107 companies) in 2024.
Score 2022–2024
- Farfallina AS
- Median: companies in the Morning class Micro 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. |
6 days | 47 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. |
– | 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. |
−11.0% | −7.1% | |
| Cash share of current assets How much of the short-term buffer is bank deposits and cash. |
66.0% | 56.7% | |
| 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. |
−2.1 | 13.8 | |
| 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. |
4.1% | 0.7% | |
| Long-term share of debt Long-term debt as a share of all debt. A low share means more falls due within a year. |
28.0% | 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): −0.1 MNOK.
Of the financial costs of 0.0 MNOK, 0.0 MNOK is reported as interest costs in the accounts.
The median and the bar refer to companies in the Morning class Micro 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.
The industry or the company: what drove the result?
In 2024 the operating margin of Farfallina AS rose by 6.5 percentage points. Comparable companies fell by a median 0.5 points. So the company did 7.0 points better than the industry, for reasons of its own.
Over 2 year-to-year changes Farfallina AS moved the same way as comparable companies 0 times. About 17% 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 |
|---|---|---|---|---|---|
| 2023 | −8.0% | 8.4% | −11.6 percentage points | +4.3 percentage points | −15.8 percentage points |
| 2024 | −1.5% | 8.0% | +6.5 percentage points | −0.5 percentage points | +7.0 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 Farfallina AS. The figures stand side by side; we claim no cause.
Turnover index: architectural and engineering activities (indeks (2021 = 100))
Turnover index: architectural and engineering activities rose 14.5% in 2024; the operating margin of Farfallina AS rose 6.5 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Turnover index: architectural and engineering activities, annual average | 99.0 | 108.8 | 127.9 | 146.4 | 158.3 | 155.2 (so far) |
| Change from the year before | +9.8% | +9.9% | +17.5% | +14.5% | +8.1% | −1.9% |
| The company's operating margin | – | 3.6% | −8.0% | −1.5% | – | – |
Source: SSB (13863, CC BY 4.0). Source
Turnover index: advertising and market research (indeks (2021 = 100))
Turnover index: advertising and market research fell 1.3% in 2024; the operating margin of Farfallina AS rose 6.5 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Turnover index: advertising and market research, annual average | 99.4 | 113.5 | 108.3 | 106.9 | 110.7 | 126.1 (so far) |
| Change from the year before | +35.1% | +14.2% | −4.6% | −1.3% | +3.6% | +13.9% |
| The company's operating margin | – | 3.6% | −8.0% | −1.5% | – | – |
Source: SSB (13863, CC BY 4.0). Source
Turnover index: other professional and technical activities (indeks (2021 = 100))
Turnover index: other professional and technical activities fell 6.0% in 2024; the operating margin of Farfallina AS rose 6.5 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Turnover index: other professional and technical activities, annual average | 98.3 | 121.6 | 139.4 | 131.0 | 139.1 | 158.0 (so far) |
| Change from the year before | +29.9% | +23.7% | +14.6% | −6.0% | +6.2% | +13.6% |
| The company's operating margin | – | 3.6% | −8.0% | −1.5% | – | – |
Source: SSB (13863, CC BY 4.0). Source
Service prices: architects and engineering (indeks (2021 = 100))
Service prices: architects and engineering rose 3.4% in 2024; the operating margin of Farfallina AS rose 6.5 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Service prices: architects and engineering, annual average | 100.0 | 103.6 | 107.5 | 111.2 | 114.7 | 119.4 (so far) |
| Change from the year before | +1.2% | +3.5% | +3.8% | +3.4% | +3.2% | +4.2% |
| The company's operating margin | – | 3.6% | −8.0% | −1.5% | – | – |
Source: SSB (14335, CC BY 4.0). Source
Oil price (export price of crude oil) (kr per fat)
Oil price (export price of crude oil) fell 2.0% in 2024; the operating margin of Farfallina AS rose 6.5 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Oil price (export price of crude oil), annual average | 609 | 979 | 877 | 859 | 708 | 881 (so far) |
| Change from the year before | +61.1% | +60.8% | −10.5% | −2.0% | −17.6% | +24.5% |
| The company's operating margin | – | 3.6% | −8.0% | −1.5% | – | – |
Source: SSB (08799, CC BY 4.0). Source
Policy rate (prosent)
Policy rate rose 0.96 percentage points in 2024; the operating margin of Farfallina AS rose 6.5 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 | – | 3.6% | −8.0% | −1.5% | – | – |
Source: Norges Bank (IR, NLOD 2.0). Source
EUR/NOK (kr)
EUR/NOK rose 1.8% in 2024; the operating margin of Farfallina AS rose 6.5 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| EUR/NOK, annual average | 10.16 | 10.10 | 11.42 | 11.62 | 11.72 | 11.04 (so far) |
| Change from the year before | −5.2% | −0.6% | +13.1% | +1.8% | +0.8% | −5.8% |
| The company's operating margin | – | 3.6% | −8.0% | −1.5% | – | – |
Source: Norges Bank (EXR, NLOD 2.0). Source
Wage index: architects and engineering (indeks)
Wage index: architects and engineering rose 5.2% in 2024; the operating margin of Farfallina AS rose 6.5 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Wage index: architects and engineering, annual average | 90.5 | 90.9 | 96.0 | 100.9 | 105.6 | 109.2 (so far) |
| Change from the year before | +7.4% | +0.5% | +5.6% | +5.2% | +4.7% | +3.4% |
| The company's operating margin | – | 3.6% | −8.0% | −1.5% | – | – |
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
Farfallina AS had an operating margin of −1.5% and an equity ratio of −185.1% in 2024, and ranks 8,892 of 9,532 in Teknisk tjenesteyting og forskning.
From 2023 to 2024: the equity ratio fell from −83.5% to −185.1% and revenue fell by 43%.
This text is generated automatically from the 2024 accounts.
Three simple methods
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 22.4 | not meaningful |
| EV/EBIT | 17.4 | not meaningful |
| P/B | 4.1 | not meaningful |
The multiples are from the listed industry that matches the NACE code (74): Business & Consumer 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
Questions and answers
How profitable is Farfallina AS?
The operating margin was −1.5% in 2024, against a median of 8.0% among companies in the Morning class Micro in the same sector. Return on assets was −24.3%. The company made a loss before tax.
How solid is Farfallina AS?
The equity ratio was −185.1% in 2024 (median 44.0%). Equity is negative, so liabilities exceed assets.
What is the liquidity of Farfallina AS like?
The current ratio was 0.38 in 2024 (median 1.69). Current assets did not cover current liabilities.
How does Farfallina AS compare in Teknisk tjenesteyting og forskning?
Farfallina AS ranks 8,892 of 9,532 in Teknisk tjenesteyting og forskning for 2024. Among companies in the Morning class Micro it is number 6,603 of 7,107. Revenue changed by −42.9% from the year before.
Competitors
The 8 closest competitors in the same line of business, placed in the same matrix as the sector page: profitability up, resilience to the right. These are the companies the competitor analysis and the strategy report compare with.
Each bubble is a company: this company and its closest competitors in the same line of business and size, the same ones the competitor analysis uses. Placement is 0–100 against the whole sector and Morning company class: further right is more robust, higher up is more profitable. Bubble size is revenue. The light bubble and arrow show where the company stood the year before. Pick a profile to see fewer at a time.
| Company | Profile | Operating revenue | Operating margin | Score |
|---|---|---|---|---|
| Smyg AS · same municipality |  Cheetah |
1 MNOK | 40.4% | 40 |
| Kvist KV AS | Cheetah |
1 MNOK | 8.8% | 51 |
| Barepia AS |  Lion |
1 MNOK | 13.1% | 64 |
| Rom for Forandring AS |  Beaver |
1 MNOK | 2.8% | 45 |
| Zett Interiørdesign AS · same municipality | Cheetah |
1 MNOK | 7.4% | 46 |
| Farfallina AS (this company) | Beaver |
1 MNOK | −1.5% | 19 |
| Melli Concept AS | Cheetah |
1 MNOK | 12.3% | 66 |
| Vivente Design AS | Beaver |
1 MNOK | 3.8% | 37 |
| AL Design AS · same municipality | Lion |
1 MNOK | 26.9% | 69 |
The selection is the closest in revenue within the same industry code. When you order, you can swap competitors. Order competitor analysis
From the Central Coordinating Register
- Org. no.
- 920842925
- Legal form
- AS
- Sector
- Teknisk tjenesteyting og forskning (74.130)
- Purpose
- Interiørdesign, handel, konsulentvirksomhet og opplæring innen bygg og interiør, investeringer og deltagelse i andre selskaper.
- Morning company class
- Micro
- Employees
- 0–4 (not registered) Payroll costs in the accounts: 0.2 MNOK (2024).
- Founded
- 19 March 2018 8 years in operation
- Share capital
- 0.03 MNOK
- Business address
- c/o Ingri Osmundsvaag, Bygdøyveien 25C, 0287 OSLO
- Municipality
- Oslo rank 63–220 of 357 in Norway
- Audit
- Audit opted out from 11 May 2018
- Latest accounts filed
- 2024
- VAT registered
- Yes
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 3 November 2026. Only names are shown.
Shareholders (2024)
- Number of shareholders
- 1 (one owner)
- Largest owner
- 100.0%
- Split
- companies 0% · private persons 100% · foreign 0%
- Owned from the same municipality
- 100%
- Group chain
- Ultimate owner: private person
Change 2023–2024: 30% of the shares changed owner (0 new and 1 departed owners).
Source: the Norwegian Tax Administration's shareholder register as of 2024. Figures may be older than today's ownership. Private persons are not shown by name. The company is not in the register for 2025, so the figures are from 2024. A company that is bankrupt, wound up or merged files no shareholder return.
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 8 November 2026.
Year by year · 2022–2024
| Key figure | 2022 | 2023 | 2024 | Trend |
|---|---|---|---|---|
| Index | 49 | 19 | 19 | |
| Rank | 65 | 8,012 | 8,892 | |
| Operating margin | 3.6% | −8.0% | −1.5% | |
| Return on assets | 14.9% | −127.3% | −24.3% | |
| Equity ratio | 17.4% | −83.5% | −185.1% | |
| Current ratio | 1.34 | 0.52 | 0.38 | |
| Revenue growth | – | 29.4% | −42.9% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2022 | 2023 | 2024 |
|---|---|---|---|
| Operating revenue | 1.5 MNOK | 2.0 MNOK | 1.1 MNOK |
| Operating profit | 0.1 MNOK | −0.2 MNOK | 0.0 MNOK |
| Profit before tax | 0.0 MNOK | −0.2 MNOK | 0.0 MNOK |
| Tax expense | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Net profit | 0.0 MNOK | −0.2 MNOK | 0.0 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Total assets | 0.4 MNOK | 0.1 MNOK | 0.1 MNOK |
| Current assets | 0.3 MNOK | 0.1 MNOK | 0.1 MNOK |
| Equity | 0.1 MNOK | −0.1 MNOK | −0.1 MNOK |
| Retained earnings | 0.0 MNOK | −0.1 MNOK | −0.2 MNOK |
| Total liabilities | 0.3 MNOK | 0.2 MNOK | 0.2 MNOK |
| Current liabilities | 0.2 MNOK | 0.2 MNOK | 0.1 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 8 November 2026, accounts id 5781943.
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