Teriak 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
29of 100
How to read this: the company is ahead of 11 % of companies in the Morning class Small in the same sector in 2025. What does this mean?
Rank in the Morning class Small: 841 of 942 · What are Morning company classes?
Place in the whole sector: 2,962 of 3,401 · Revisjon, regnskap og rådgivning
Profile
Elephant · Steward
Lower profitability, high resilience
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 9 and resilience 67 out of 100 among companies in the Morning class Small in the same sector in 2025. Methodology
Against the sector
Teriak AS is 22 points below the median for companies in the Morning class Small in the same sector in 2025.
Median score 51 among 942 companies.
Against companies in the Morning class Small in the same sector in 2025: operating margin −1.6% (median 9.7%) and equity ratio 45.2% (median 26.2%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 12 MNOK | 18 MNOK |
| Operating margin | −1.6% | 9.7% |
| Profit margin | −1.7% | 10.3% |
| Return on assets | −4.6% | 23.8% |
| Equity ratio | 45.2% | 26.2% |
| Debt-to-equity | 1.21 | 2.66 |
| Current ratio | 1.66 | 1.29 |
| Revenue growth | −10.2% | 8.3% |
| Revenue per employee | 1.33 MNOK | 1.59 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 29, Teriak AS does better than 11% of companies in the Morning class Small in the same sector (942 companies) in 2025.
Score 2023–2025
- Teriak AS
- Median: companies in the Morning class Small in the same sector
Teriak AS has a score of 29 for 2025, rank 2,962 of 3,401 in the sector.
Strongest: Solidity: percentile 72 against peers, equity ratio 45.2% against a median of 26.2%. Liquidity: percentile 70 against peers, current ratio 1.66 against a median of 1.29.
Weakest: Profitability: percentile 9 against peers, operating margin −1.6% against a median of 9.7%. Growth: percentile 10 against peers, revenue growth −10.2% against a median of 8.3%.
Worth a closer look
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin −1.7% (median 10.3%).
- The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors? Based on: operating margin −1.6% (median 9.7%).
- What lies behind weak profitability, and will it last?
- What lies behind weak growth, 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 Teriak AS fell by 7.0 percentage points. Comparable companies rose by a median 1.0 points. So the company did 8.0 points weaker than the industry, for reasons of its own.
Over 2 year-to-year changes Teriak AS moved the same way as comparable companies 1 times. About 12% 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 | 5.3% | 8.7% | −1.8 percentage points | −0.2 percentage points | −1.6 percentage points |
| 2025 | −1.6% | 9.7% | −7.0 percentage points | +1.0 percentage points | −8.0 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 Teriak AS. The figures stand side by side; we claim no cause.
Turnover index: legal and accounting activities (indeks (2021 = 100))
Turnover index: legal and accounting activities rose 4.8% in 2025; the operating margin of Teriak AS fell 7.0 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Turnover index: legal and accounting activities, annual average | 100.4 | 107.7 | 127.0 | 135.2 | 141.7 | 149.6 (so far) |
| Change from the year before | +8.7% | +7.3% | +17.9% | +6.4% | +4.8% | +5.5% |
| The company's operating margin | – | – | 7.2% | 5.3% | −1.6% | – |
Source: SSB (13863, CC BY 4.0). Source
Turnover index: management consultancy (indeks (2021 = 100))
Turnover index: management consultancy rose 6.5% in 2025; the operating margin of Teriak AS fell 7.0 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Turnover index: management consultancy, annual average | 99.4 | 104.0 | 114.9 | 116.0 | 123.6 | 128.7 (so far) |
| Change from the year before | +17.3% | +4.6% | +10.5% | +1.0% | +6.5% | +4.1% |
| The company's operating margin | – | – | 7.2% | 5.3% | −1.6% | – |
Source: SSB (13863, CC BY 4.0). Source
Service prices: legal and accounting (indeks (2021 = 100))
Service prices: legal and accounting rose 4.9% in 2025; the operating margin of Teriak AS fell 7.0 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Service prices: legal and accounting, annual average | 100.0 | 104.8 | 111.8 | 117.4 | 123.2 | 127.0 (so far) |
| Change from the year before | +3.4% | +4.8% | +6.7% | +5.0% | +4.9% | +3.1% |
| The company's operating margin | – | – | 7.2% | 5.3% | −1.6% | – |
Source: SSB (14335, CC BY 4.0). Source
Consumer price index (indeks (2025 = 100))
Consumer price index rose 3.0% in 2025; the operating margin of Teriak AS fell 7.0 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 | – | – | 7.2% | 5.3% | −1.6% | – |
Source: SSB (14710, CC BY 4.0). Source
Policy rate (prosent)
Policy rate fell 0.20 percentage points in 2025; the operating margin of Teriak AS fell 7.0 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 | – | – | 7.2% | 5.3% | −1.6% | – |
Source: Norges Bank (IR, NLOD 2.0). Source
Wage index: legal and accounting (indeks)
Wage index: legal and accounting rose 5.4% in 2025; the operating margin of Teriak AS fell 7.0 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Wage index: legal and accounting, annual average | 86.2 | 89.8 | 93.9 | 99.1 | 104.4 | 108.4 (so far) |
| Change from the year before | +5.1% | +4.3% | +4.5% | +5.6% | +5.4% | +3.8% |
| The company's operating margin | – | – | 7.2% | 5.3% | −1.6% | – |
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
Teriak AS had an operating margin of −1.6% and an equity ratio of 45.2% in 2025, and ranks 2,962 of 3,401 in Revisjon, regnskap og rådgivning.
From 2024 to 2025: went from a profit to a loss before tax and the operating margin fell from 5.3% to −1.6%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 4 MNOK and 6 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 22.4 | 4 MNOK |
| EV/EBIT | 17.4 | 6 MNOK |
| P/B | 4.1 | 5 MNOK |
| EV/EBIT: from enterprise value to equity | NOK |
|---|---|
| Enterprise value (EV) at the listed multiple | 7 MNOK |
| Enterprise value after the size adjustment | 5 MNOK |
| Less net debt (rough figure) | −1 MNOK |
| Equity value | 6 MNOK |
Net debt is a rough figure: long-term liabilities minus cash. The accounts do not split interest-bearing debt from other liabilities, and short-term borrowings are not included. The size adjustment applies to the enterprise value, not to the debt.
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 NACE code has no listed industry of its own in the table, so the multiples are the sector median: 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
Worth a closer look
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −1.7% (median 10.3%).
- 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 −1.6% (median 9.7%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 0.8% 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
No anomalies found in the figures.
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 5.4%. Based on the 7 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 9 | weight 40% |
|---|---|---|
| Solidity | 72 | weight 20% |
| Liquidity | 70 | weight 5% |
| Growth | 10 | weight 25% |
| Consistency | 53 | weight 10% |
Three goals: profitability 40%, growth 25%, resilience 35%. Why these weights?
Durability: 46 (average over 3 years)
Index version 3. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Teriak AS?
The operating margin was −1.6% in 2025, against a median of 9.7% among companies in the Morning class Small in the same sector. Return on assets was −4.6%. The company made a loss before tax.
How solid is Teriak AS?
The equity ratio was 45.2% in 2025 (median 26.2%). Debt-to-equity was 1.21 (median 2.66).
What is the liquidity of Teriak AS like?
The current ratio was 1.66 in 2025 (median 1.29).
How does Teriak AS compare in Revisjon, regnskap og rådgivning?
Teriak AS ranks 2,962 of 3,401 in Revisjon, regnskap og rådgivning for 2025. Among companies in the Morning class Small it is number 841 of 942. Revenue changed by −10.2% 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.
| Company | Profile | Operating revenue | Operating margin | Score |
|---|---|---|---|---|
| WE Rock Sales AS · same municipality |  Beaver |
12 MNOK | −21.7% | 1 |
| Veme Services AS | Beaver |
12 MNOK | −14.6% | 8 |
| Better Business Kompetanse AS | Beaver |
12 MNOK | −0.2% | 24 |
| Teriak AS (this company) |  Elephant |
12 MNOK | −1.6% | 29 |
| Norwegian Group Management AS | Beaver |
12 MNOK | −10.9% | 4 |
| Braver AS · same municipality | Elephant |
12 MNOK | −1.2% | 27 |
| Abilator AS | Elephant |
12 MNOK | −3.7% | 25 |
| Impact Startup Norge AS · same municipality | Beaver |
12 MNOK | −0.1% | 30 |
| Stormvind AS · same municipality |  Lion |
12 MNOK | 21.0% | 71 |
The selection is the closest in revenue within the same industry code. When you order, you can swap competitors. Order competitor analysis
Public contracts
- Contracts awarded since 2024
- 1
- Total awarded value since 2024
- value not stated
- Framework agreements
- 1
- Left out of the total: the value is a ceiling, not actual spend.
| Date | Buyer | Notice | Value |
|---|---|---|---|
| 30 October 2025 | SYKEHUSINNKJØP HF | (NY) Konsulenttjenester innkjøp, logistikk og økonomi til helseforetakene i Norge | 27.0 MNOK (framework) |
| 15 February 2021 | Norsk Helsenett SF | Dynamisk innkjøpsordning for konsulenttjenester innen prosjektledelse og -støtte | 4.5 MNOK |
Based on notices in Doffin. Does not show call-offs under framework agreements or purchases below the publication threshold. Values are as stated by the buyer.
Source: Doffin (DFØ), fetched 27 October 2026. Winners are matched on organisation number.
Contains data under the Norwegian licence for public data (NLOD 2.0) made available by Doffin/the Norwegian Agency for Public and Financial Management (DFØ). NLOD 2.0
From the Central Coordinating Register
- Org. no.
- 920985173
- Legal form
- AS
- Sector
- Revisjon, regnskap og rådgivning (70.200)
- Morning company class
- Small
- Employees
- 9 registered 10 June 2026
- Founded
- 28 May 2018 8 years in operation
- Share capital
- 0.10 MNOK
- Business address
- Dronning Eufemias gate 8, 0191 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
- 1 (one owner)
- Largest owner
- 100.0%
- Split
- companies 0% · private persons 100% · foreign 0%
- Owned from the same municipality
- 0%
- Group chain
- Ultimate owner: private person
The company is new in the shareholder register in 2025.
Holds shares in: Insulife 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.
Is this your company? Suggest changes or add information
Figures last fetched 6 November 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 53 | 56 | 29 | |
| Rank | 1,467 | 1,255 | 2,962 | |
| Operating margin | 7.2% | 5.3% | −1.6% | |
| Return on assets | 18.6% | 16.0% | −4.6% | |
| Equity ratio | 36.1% | 45.1% | 45.2% | |
| Current ratio | 1.34 | 1.67 | 1.66 | |
| Revenue growth | – | 26.3% | −10.2% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 10.6 MNOK | 13.3 MNOK | 12.0 MNOK |
| Operating profit | 0.8 MNOK | 0.7 MNOK | −0.2 MNOK |
| Profit before tax | 0.8 MNOK | 0.7 MNOK | −0.2 MNOK |
| Tax expense | 0.2 MNOK | 0.2 MNOK | 0.0 MNOK |
| Net profit | 0.6 MNOK | 0.6 MNOK | −0.2 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Total assets | 4.2 MNOK | 4.6 MNOK | 4.1 MNOK |
| Current assets | 3.6 MNOK | 4.2 MNOK | 3.7 MNOK |
| Equity | 1.5 MNOK | 2.1 MNOK | 1.9 MNOK |
| Retained earnings | 1.4 MNOK | 2.0 MNOK | 1.8 MNOK |
| Total liabilities | 2.7 MNOK | 2.5 MNOK | 2.3 MNOK |
| Current liabilities | 2.7 MNOK | 2.5 MNOK | 2.3 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 6 November 2026, accounts id 7212216.
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