Ips Industri AS
Score · fiscal year 2023
23of 100
How to read this: the company is ahead of 14 % of companies in the Morning class Small in the same sector in 2023. What does this mean?
Rank in the Morning class Small: 4,395 of 5,114 · What are Morning company classes?
Place in the whole sector: 15,568 of 18,403 · Bygg og anlegg
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2023, not a verdict on the company. Based on profitability 53 and solidity 0 out of 100 among companies in the Morning class Small in the same sector in 2023. Methodology
Against the sector
Ips Industri AS is 28 points below the median for companies in the Morning class Small in the same sector in 2023.
Median score 51 among 5,114 companies.
Against companies in the Morning class Small in the same sector in 2023: operating margin 7.0% (median 5.0%) and equity ratio −25.0% (median 34.1%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 12 MNOK | 19 MNOK |
| Operating margin | 7.0% | 5.0% |
| Profit margin | 4.6% | 4.7% |
| Return on assets | 9.8% | 11.6% |
| Equity ratio | −25.0% | 34.1% |
| Debt-to-equity | – | 1.80 |
| Current ratio | 1.07 | 1.46 |
| Revenue growth | – | 3.3% |
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 23, Ips Industri AS does better than 14% of companies in the Morning class Small in the same sector (5,114 companies) in 2023.
Score 2023–2025
- Ips Industri AS
- Median: companies in the Morning class Small in the same sector
What the numbers say
Ips Industri AS had an operating margin of 7.0% and an equity ratio of −25.0% in 2023, and ranks 15,568 of 18,403 in Bygg og anlegg.
This text is generated automatically from the 2023 accounts.
Three simple methods
The methods give between 4 MNOK and 4 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 4 MNOK |
| EV/EBIT | 8.0 | 4 MNOK |
| P/B | 1.0 | not meaningful |
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
- critical
Equity is negative. How will it be rebuilt, and what do lenders and the auditor say about going concern?
Based on: Equity ratio −25.0% (median 34.1%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 2.8% 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.
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 1.8%. 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 | 53 | weight 30% |
|---|---|---|
| Solidity | 0 | weight 25% |
| Liquidity | 19 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 4 | weight 15% |
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is Ips Industri AS?
The operating margin was 7.0% in 2023, against a median of 5.0% among companies in the Morning class Small in the same sector. Return on assets was 9.8%.
How solid is Ips Industri AS?
The equity ratio was −25.0% in 2023 (median 34.1%). Equity is negative, so liabilities exceed assets.
What is the liquidity of Ips Industri AS like?
The current ratio was 1.07 in 2023 (median 1.46).
How does Ips Industri AS compare in Bygg og anlegg?
Ips Industri AS ranks 15,568 of 18,403 in Bygg og anlegg for 2023. Among companies in the Morning class Small it is number 4,395 of 5,114.
Group accounts
The company is registered as part of a group, but we have no group accounts for it. Group accounts are filed by the parent company, and open data does not say which company that is.
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.
We do not show the group structure, because open data does not say who owns whom.
From the Central Coordinating Register
- Org. no.
- 922422362
- Legal form
- AS · part of a group
- Sector
- Bygg og anlegg (43.221)
- Morning company class
- Small
- Employees
- 0–4 (not registered)
- Founded
- 3 March 2019 7 years in operation
- Share capital
- 0.03 MNOK
- Business address
- Hellandsjøveien 3B, 7200 KYRKSÆTERØRA (HEIM)
- Municipality
- Heim rank 12–17 of 18 in KOSTRA group 2
- 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
- John Ole Spjøtvold
- Chair of the board
- John Ole Spjøtvold
- Board member
- Ole Petter Dahlen
- Board member
- Raymond Bergesen
- Auditor
- Revisjonskompaniet Midt-Norge AS
- Accountant
- Tidy Account 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 | 23 | 61 | – | |
| Rank | 15,568 | 5,812 | – | |
| Operating margin | 7.0% | 37.7% | – | |
| Return on assets | 9.8% | 51.5% | −33.4% | |
| Equity ratio | −25.0% | 11.9% | −7.5% | |
| Current ratio | 1.07 | 2.12 | 2.68 | |
| Revenue growth | – | 1.0% | −104.0% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 12.4 MNOK | 12.5 MNOK | −0.5 MNOK |
| Operating profit | 0.9 MNOK | 4.7 MNOK | −1.5 MNOK |
| Profit before tax | 0.6 MNOK | 4.3 MNOK | −1.8 MNOK |
| Net profit | 0.4 MNOK | 3.4 MNOK | −1.4 MNOK |
| Financial expenses | 0.3 MNOK | 0.4 MNOK | 0.4 MNOK |
| Total assets | 9.2 MNOK | 9.2 MNOK | 4.3 MNOK |
| Current assets | 8.3 MNOK | 9.1 MNOK | 4.3 MNOK |
| Equity | −2.3 MNOK | 1.1 MNOK | −0.3 MNOK |
| Retained earnings | −2.3 MNOK | 1.1 MNOK | −0.3 MNOK |
| Total liabilities | 11.5 MNOK | 8.1 MNOK | 4.6 MNOK |
| Current liabilities | 7.8 MNOK | 4.3 MNOK | 1.6 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 5458013.
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