Committed 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
54of 100
How to read this: the company is ahead of 56 % of companies in the Morning class Micro in the same sector in 2025. What does this mean?
Rank in the Morning class Micro: 3,309 of 7,471 · What are Morning company classes?
Place in the whole sector: 4,459 of 10,057 · Teknisk tjenesteyting og forskning
Profile
Cheetah · Sprinter
High profitability, lower resilience
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 75 and resilience 25 out of 100 among companies in the Morning class Micro in the same sector in 2025. Methodology
Against the sector
Committed AS is 3 points above the median for companies in the Morning class Micro in the same sector in 2025.
Median score 51 among 7,467 companies.
Against companies in the Morning class Micro in the same sector in 2025: operating margin 22.7% (median 7.8%) and equity ratio 7.4% (median 43.1%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 10 MNOK | 2 MNOK |
| Operating margin | 22.7% | 7.8% |
| Profit margin | 22.8% | 7.8% |
| Return on assets | 34.8% | 14.1% |
| Equity ratio | 7.4% | 43.1% |
| Debt-to-equity | 12.59 | 1.04 |
| Current ratio | 1.06 | 1.71 |
| Revenue growth | 32.2% | 6.9% |
| Revenue per employee | 1.61 MNOK | 0.85 MNOK |
The median and “ahead of” refer to companies in the Morning class Micro in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 54, Committed AS does better than 56% of companies in the Morning class Micro in the same sector (7,471 companies) in 2025.
Score 2023–2025
- Committed 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. |
68 days | 44 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 | 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. |
−42.5% | −7.1% | |
| Cash share of current assets How much of the short-term buffer is bank deposits and cash. |
71.2% | 57.8% | |
| 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. |
230.5 | 14.9 | |
| 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. |
0.2% | 0.6% | |
| Long-term share of debt Long-term debt as a share of all debt. A low share means more falls due within a year. |
– | 2.3% | |
Net working capital (current assets less bank deposits less current liabilities): −4.1 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 2025. 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.
Committed AS has a score of 54 for 2025, rank 4,459 of 10,057 in the sector.
Strongest: Profitability: percentile 75 against peers, operating margin 22.7% against a median of 7.8%. Growth: percentile 61 against peers, revenue growth 32.2% against a median of 6.9%.
Weakest: Solidity: percentile 13 against peers, equity ratio 7.4% against a median of 43.1%. Liquidity: percentile 23 against peers, current ratio 1.06 against a median of 1.71.
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 7.4% (median 43.1%).
- Strong growth with weak liquidity. Is the growth financed, or does it tie up capital the company does not have? Based on: revenue growth 32.2% (median 6.9%); current ratio 1.06 (median 1.71).
- 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 −42.5% (median −7.1%); current ratio 1.06 (median 1.71).
- 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 Committed AS fell by 1.0 percentage points. Comparable companies fell by a median 0.2 points. So the company did 0.8 points weaker than the industry, for reasons of its own.
Over 2 year-to-year changes Committed 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 | 23.7% | 8.0% | −10.3 percentage points | −0.5 percentage points | −9.8 percentage points |
| 2025 | 22.7% | 7.8% | −1.0 percentage points | −0.2 percentage points | −0.8 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 Committed 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 8.1% in 2025; the operating margin of Committed AS fell 1.0 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 | – | – | 34.0% | 23.7% | 22.7% | – |
Source: SSB (13863, CC BY 4.0). Source
Turnover index: advertising and market research (indeks (2021 = 100))
Turnover index: advertising and market research rose 3.6% in 2025; the operating margin of Committed AS fell 1.0 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 | – | – | 34.0% | 23.7% | 22.7% | – |
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 rose 6.2% in 2025; the operating margin of Committed AS fell 1.0 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 | – | – | 34.0% | 23.7% | 22.7% | – |
Source: SSB (13863, CC BY 4.0). Source
Service prices: architects and engineering (indeks (2021 = 100))
Service prices: architects and engineering rose 3.2% in 2025; the operating margin of Committed AS fell 1.0 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 | – | – | 34.0% | 23.7% | 22.7% | – |
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 17.6% in 2025; the operating margin of Committed AS fell 1.0 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 | – | – | 34.0% | 23.7% | 22.7% | – |
Source: SSB (08799, CC BY 4.0). Source
Policy rate (prosent)
Policy rate fell 0.20 percentage points in 2025; the operating margin of Committed AS fell 1.0 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 | – | – | 34.0% | 23.7% | 22.7% | – |
Source: Norges Bank (IR, NLOD 2.0). Source
EUR/NOK (kr)
EUR/NOK rose 0.8% in 2025; the operating margin of Committed AS fell 1.0 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 | – | – | 34.0% | 23.7% | 22.7% | – |
Source: Norges Bank (EXR, NLOD 2.0). Source
Wage index: architects and engineering (indeks)
Wage index: architects and engineering rose 4.7% in 2025; the operating margin of Committed AS fell 1.0 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 | – | – | 34.0% | 23.7% | 22.7% | – |
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
Committed AS had an operating margin of 22.7% and an equity ratio of 7.4% in 2025, and ranks 4,459 of 10,057 in Teknisk tjenesteyting og forskning.
From 2024 to 2025: revenue grew by 32%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 1 MNOK and 20 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 14.9 | 12 MNOK |
| EV/EBIT | 14.3 | 20 MNOK |
| P/B | 2.3 | 1 MNOK |
| EV/EBIT: from enterprise value to equity | NOK |
|---|---|
| Enterprise value (EV) at the listed multiple | 25 MNOK |
| Enterprise value after the size adjustment | 15 MNOK |
| Less net debt (rough figure) | −4 MNOK |
| Equity value | 20 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 multiples are from the listed industry that matches the NACE code (71.1): Engineering/Construction.
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 7.4% (median 43.1%).
- 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 32.2% (median 6.9%); Current ratio 1.06 (median 1.71).
- 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 −42.5% (median −7.1%); Current ratio 1.06 (median 1.71).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 0.2% 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
No anomalies found in the figures.
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 | 75 | weight 40% |
|---|---|---|
| Solidity | 13 | weight 20% |
| Liquidity | 23 | weight 5% |
| Growth | 61 | weight 25% |
| Consistency | 48 | weight 10% |
Three goals: profitability 40%, growth 25%, resilience 35%. Why these weights?
Durability: 55 (average over 3 years)
Index version 3. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Committed AS?
The operating margin was 22.7% in 2025, against a median of 7.8% among companies in the Morning class Micro in the same sector. Return on assets was 34.8%.
How solid is Committed AS?
The equity ratio was 7.4% in 2025 (median 43.1%). Debt-to-equity was 12.59 (median 1.04).
What is the liquidity of Committed AS like?
The current ratio was 1.06 in 2025 (median 1.71).
How does Committed AS compare in Teknisk tjenesteyting og forskning?
Committed AS ranks 4,459 of 10,057 in Teknisk tjenesteyting og forskning for 2025. Among companies in the Morning class Micro it is number 3,309 of 7,471. Revenue changed by 32.2% 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.
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 |
|---|---|---|---|---|
| Inor AS |  Lion |
10 MNOK | 23.7% | 61 |
| Lands AS |  Elephant |
10 MNOK | −1.5% | 50 |
| Ash AS |  Cheetah |
10 MNOK | 14.0% | 58 |
| Atom Prosjekt AS | Cheetah |
10 MNOK | 16.5% | 52 |
| Lean Group AS | Cheetah |
10 MNOK | 8.5% | 44 |
| Committed AS (this company) | Cheetah |
10 MNOK | 22.7% | 54 |
| Rivier AS | Cheetah |
10 MNOK | 18.2% | 62 |
| Lanka Consulting AS | Cheetah |
10 MNOK | 16.4% | 58 |
| Gaia Geoteknikk AS |  Beaver |
10 MNOK | 0.7% | 41 |
The selection is the closest in revenue within the same industry code. When you order, you can swap competitors. Order competitor analysis
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.
Group structure · 2025
2 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.
Private persons own 100% of the shares in Sgo Holding AS. Persons are not shown by name.
Sgo Holding 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
- Teknisk tjenesteyting og forskning (2 companies) 2 of 2 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
- 6 in all. Bergen 6 Registered employees in the Central Coordinating Register, by the municipality of the business address. Employees may work elsewhere.
-
Sgo Holding AS
- Committed AS you are here
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.
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 |
|---|---|---|---|
| 25 June 2024 | Bergen kommune - Etat for utbygging | EFU-10888 Rammeavtale for ITB-ansvarlig | value not stated |
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.
Dependence on public contracts
Awarded value in the year seen against revenue the same year. This is not a share of revenue: the value is the whole contract, often for several years, and it does not necessarily become revenue that year.
| Year | Contracts | Awarded value | Awarded value against revenue |
|---|---|---|---|
| 2024 | 0 | not stated | – |
Framework agreements are left out (1 since 2024). A ceiling is not a purchase.
Largest public buyers since 2024
| Buyer | Contracts | Value | Share of value |
|---|---|---|---|
| Bergen kommune - Etat for utbygging | 1 | not stated | – |
- The value is the whole contract as stated by the buyer, often for several years.
- Framework agreements are left out of the sums, since the value is a ceiling. Many frameworks are not marked in Doffin and may still be included.
- Only awards where Doffin gives the company's organisation number.
- Contracts without a stated value are counted but not summed.
- An indication of dependence, not an accounting figure. End dates are rarely in the Doffin data.
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.
- 923808175
- Legal form
- AS · part of a group
- Sector
- Teknisk tjenesteyting og forskning (71.121)
- Morning company class
- Micro
- Employees
- 6 registered 10 February 2026
- Founded
- 23 October 2019 7 years in operation
- Share capital
- 0.03 MNOK
- Business address
- Markeveien 4C, 5012 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
- 3 (one owner holds more than half)
- Largest owner
- 70.0%
- Split
- companies 100% · private persons 0% · foreign 0%
- Owned from the same municipality
- 100%
- Group chain
-
Owned by: Sgo Holding AS (70%)
Ultimate owner: private person
- Sgo Holding AS · 70.0%
- Jnhp Holding AS · 20.0%
- Fut Holding AS · 10.0%
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 8 November 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 58 | 52 | 54 | |
| Rank | 3,382 | 4,578 | 4,459 | |
| Operating margin | 34.0% | 23.7% | 22.7% | |
| Return on assets | 53.4% | 35.9% | 34.8% | |
| Equity ratio | 18.5% | 9.5% | 7.4% | |
| Current ratio | 1.18 | 1.06 | 1.06 | |
| Revenue growth | – | 89.7% | 32.2% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 3.8 MNOK | 7.3 MNOK | 9.7 MNOK |
| Operating profit | 1.3 MNOK | 1.7 MNOK | 2.2 MNOK |
| Profit before tax | 1.3 MNOK | 1.7 MNOK | 2.2 MNOK |
| Tax expense | 0.3 MNOK | 0.4 MNOK | 0.5 MNOK |
| Net profit | 1.0 MNOK | 1.3 MNOK | 1.7 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Total assets | 2.5 MNOK | 4.8 MNOK | 6.4 MNOK |
| Current assets | 2.4 MNOK | 4.6 MNOK | 6.2 MNOK |
| Equity | 0.5 MNOK | 0.5 MNOK | 0.5 MNOK |
| Retained earnings | 0.4 MNOK | 0.4 MNOK | 0.4 MNOK |
| Total liabilities | 2.0 MNOK | 4.4 MNOK | 5.9 MNOK |
| Current liabilities | 2.0 MNOK | 4.4 MNOK | 5.9 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 8 November 2026, accounts id 6576685.
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