4Sight 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
50of 100
How to read this: the company is ahead of 48 % of companies in the Morning class Small in the same sector in 2025. What does this mean?
Rank in the Morning class Small: 488 of 942 · What are Morning company classes?
Place in the whole sector: 1,750 of 3,401 · Revisjon, regnskap og rådgivning
Profile
Beaver · Builder
Lower profitability, lower resilience
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 47 and resilience 28 out of 100 among companies in the Morning class Small in the same sector in 2025. Methodology
Against the sector
4Sight AS is 1 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 8.8% (median 9.7%) and equity ratio 9.9% (median 26.2%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 17 MNOK | 18 MNOK |
| Operating margin | 8.8% | 9.7% |
| Profit margin | 8.0% | 10.3% |
| Return on assets | 21.8% | 23.8% |
| Equity ratio | 9.9% | 26.2% |
| Debt-to-equity | 9.11 | 2.66 |
| Current ratio | 0.65 | 1.29 |
| Revenue growth | 85.4% | 8.3% |
| Revenue per employee | 1.15 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 50, 4Sight AS does better than 48% of companies in the Morning class Small in the same sector (942 companies) in 2025.
Score 2023–2025
- 4Sight AS
- Median: companies in the Morning class Small in the same sector
4Sight AS has a score of 50 for 2025, rank 1,750 of 3,401 in the sector.
Strongest: Growth: percentile 88 against peers, revenue growth 85.4% against a median of 8.3%.
Weakest: Liquidity: percentile 3 against peers, current ratio 0.65 against a median of 1.29. Solidity: percentile 23 against peers, equity ratio 9.9% against a median of 26.2%.
Worth a closer look
- The equity ratio is very low. Could the company absorb a bad year, and does it need more equity? Based on: equity ratio 9.9% (median 26.2%).
- Consider strengthening liquidity: current liabilities are 1.5 times current assets. Based on: current ratio 0.65 (median 1.29).
- Strong growth with weak liquidity. Is the growth financed, or does it tie up capital the company does not have? Based on: revenue growth 85.4% (median 8.3%); current ratio 0.65 (median 1.29).
- 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 4Sight AS rose by 6.7 percentage points. Comparable companies rose by a median 0.3 points. So the company did 6.4 points better than the industry, for reasons of its own.
Over 2 year-to-year changes 4Sight AS moved the same way as comparable companies 2 times. About 6% 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 | 2.2% | 9.5% | −2.4 percentage points | −0.3 percentage points | −2.2 percentage points |
| 2025 | 8.8% | 9.7% | +6.7 percentage points | +0.3 percentage points | +6.4 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 4Sight 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 4Sight AS rose 6.7 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 | – | – | 4.6% | 2.2% | 8.8% | – |
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 4Sight AS rose 6.7 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 | – | – | 4.6% | 2.2% | 8.8% | – |
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 4Sight AS rose 6.7 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 | – | – | 4.6% | 2.2% | 8.8% | – |
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 4Sight AS rose 6.7 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 | – | – | 4.6% | 2.2% | 8.8% | – |
Source: SSB (14710, CC BY 4.0). Source
Policy rate (prosent)
Policy rate fell 0.20 percentage points in 2025; the operating margin of 4Sight AS rose 6.7 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 | – | – | 4.6% | 2.2% | 8.8% | – |
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 4Sight AS rose 6.7 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 | – | – | 4.6% | 2.2% | 8.8% | – |
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
4Sight AS had an operating margin of 8.8% and an equity ratio of 9.9% in 2025, and ranks 1,750 of 3,401 in Revisjon, regnskap og rådgivning.
From 2024 to 2025: revenue grew by 85% and the operating margin rose from 2.2% to 8.8%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 2 MNOK and 6 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 22.4 | 5 MNOK |
| EV/EBIT | 17.4 | 6 MNOK |
| P/B | 4.1 | 2 MNOK |
| EV/EBIT: from enterprise value to equity | NOK |
|---|---|
| Enterprise value (EV) at the listed multiple | 12 MNOK |
| Enterprise value after the size adjustment | 7 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 equity ratio is very low. Could the company absorb a bad year, and does it need more equity?
Based on: Equity ratio 9.9% (median 26.2%).
- watch
Consider strengthening liquidity: current liabilities are 1.5 times current assets.
Based on: Current ratio 0.65 (median 1.29).
- 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 85.4% (median 8.3%); Current ratio 0.65 (median 1.29).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 2.5% 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 | 47 | weight 40% |
|---|---|---|
| Solidity | 23 | weight 20% |
| Liquidity | 3 | weight 5% |
| Growth | 88 | weight 25% |
| Consistency | 48 | weight 10% |
Three goals: profitability 40%, growth 25%, resilience 35%. Why these weights?
Durability: 37 (average over 3 years)
Index version 3. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is 4Sight AS?
The operating margin was 8.8% in 2025, against a median of 9.7% among companies in the Morning class Small in the same sector. Return on assets was 21.8%.
How solid is 4Sight AS?
The equity ratio was 9.9% in 2025 (median 26.2%). Debt-to-equity was 9.11 (median 2.66).
What is the liquidity of 4Sight AS like?
The current ratio was 0.65 in 2025 (median 1.29). Current assets did not cover current liabilities.
How does 4Sight AS compare in Revisjon, regnskap og rådgivning?
4Sight AS ranks 1,750 of 3,401 in Revisjon, regnskap og rådgivning for 2025. Among companies in the Morning class Small it is number 488 of 942. Revenue changed by 85.4% 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 |
|---|---|---|---|---|
| BØ Økonomi og Regnskap AS |  Lion |
18 MNOK | 12.3% | 61 |
| Censea Regnskap AS | Lion |
18 MNOK | 15.5% | 55 |
| Vsk Regnskap AS | Lion |
18 MNOK | 24.2% | 64 |
| Kemax Økonomi Regnskap AS · same municipality |  Cheetah |
17 MNOK | 23.8% | 54 |
| 4Sight AS (this company) |  Beaver |
17 MNOK | 8.8% | 50 |
| Headwind Økonomi AS · same municipality | Beaver |
17 MNOK | −2.8% | 23 |
| Ecovis Accounting Norway AS | Lion |
17 MNOK | 26.3% | 64 |
| TO Streker Økonomi AS | Beaver |
17 MNOK | −0.3% | 20 |
| Trippel Regnskap AS · same municipality | Cheetah |
17 MNOK | 13.0% | 44 |
The selection is the closest in revenue within the same industry code. When you order, you can swap competitors. Order competitor analysis
Group structure · 2025
4 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 Seafood Growth Projects AS.
Seafood Growth Projects 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
- Revisjon, regnskap og rådgivning (1 company) 1 of 4 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
- 15 in all. Bergen 15 Registered employees in the Central Coordinating Register, by the municipality of the business address. Employees may work elsewhere.
- Changed 2024–2025
- 1 company joined the group. 3 companies left.
-
Seafood Growth Projects AS
-
4Sight Holding AS
-
4Sight AS you are here
- Org. no. 930811203
-
-
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.
- 921862229
- Legal form
- AS
- Sector
- Revisjon, regnskap og rådgivning (69.202)
- Morning company class
- Small
- Employees
- 15 registered 10 August 2026
- Founded
- 29 November 2018 7 years in operation
- Share capital
- 0.10 MNOK
- Business address
- Bryggen 3, 5003 BERGEN
- Municipality
- Bergen rank 8 of 11 in KOSTRA group 12
- 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 100% · private persons 0% · foreign 0%
- Owned from the same municipality
- 100%
- Group chain
-
Owned by: 4Sight Holding AS (100%)
Ultimate owner: Seafood Growth Projects AS
The owner: the majority owner 4Sight Holding AS (holds 100%) 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.
- 4Sight Holding 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 | 28 | 34 | 50 | |
| Rank | 2,718 | 2,675 | 1,750 | |
| Operating margin | 4.6% | 2.2% | 8.8% | |
| Return on assets | 10.3% | 6.4% | 21.8% | |
| Equity ratio | 10.9% | 9.0% | 9.9% | |
| Current ratio | 0.73 | 0.92 | 0.65 | |
| Revenue growth | – | 28.5% | 85.4% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 7.3 MNOK | 9.3 MNOK | 17.3 MNOK |
| Operating profit | 0.3 MNOK | 0.2 MNOK | 1.5 MNOK |
| Profit before tax | 0.3 MNOK | 0.4 MNOK | 1.4 MNOK |
| Tax expense | 0.1 MNOK | 0.0 MNOK | 1.1 MNOK |
| Net profit | 0.3 MNOK | 0.4 MNOK | 0.3 MNOK |
| Financial expenses | 0.0 MNOK | 0.1 MNOK | 0.2 MNOK |
| Total assets | 3.3 MNOK | 8.4 MNOK | 7.1 MNOK |
| Current assets | 1.8 MNOK | 3.2 MNOK | 3.3 MNOK |
| Equity | 0.4 MNOK | 0.8 MNOK | 0.7 MNOK |
| Retained earnings | 0.3 MNOK | 0.7 MNOK | 0.6 MNOK |
| Total liabilities | 3.0 MNOK | 7.7 MNOK | 6.4 MNOK |
| Current liabilities | 2.5 MNOK | 3.4 MNOK | 5.0 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 5 November 2026, accounts id 7183019.
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