Cic Operations AS
Score · fiscal year 2025
22of 100
How to read this: the company is ahead of 17 % of companies in the Morning class Micro in the same sector in 2025. What does this mean?
Rank in the Morning class Micro: 2,314 of 2,774 · What are Morning company classes?
Place in the whole sector: 4,458 of 5,164 · Overnatting og servering
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 9 and solidity 0 out of 100 among companies in the Morning class Micro in the same sector in 2025. Methodology
Against the sector
Cic Operations AS is 27 points below the median for companies in the Morning class Micro in the same sector in 2025.
Median score 49 among 2,768 companies.
Against companies in the Morning class Micro in the same sector in 2025: operating margin −284.2% (median 1.5%) and equity ratio −78.4% (median 12.6%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 8 MNOK | 5 MNOK |
| Operating margin | −284.2% | 1.5% |
| Profit margin | −512.4% | 1.0% |
| Return on assets | −23.9% | 5.1% |
| Equity ratio | −78.4% | 12.6% |
| Debt-to-equity | – | 2.04 |
| Current ratio | 5.42 | 1.00 |
| Revenue growth | −3.1% | 5.5% |
| Revenue per employee | 0.28 MNOK | 0.40 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 22, Cic Operations AS does better than 17% of companies in the Morning class Micro in the same sector (2,774 companies) in 2025.
Score 2023–2025
- Cic Operations AS
- Median: companies in the Morning class Micro in the same sector
Cic Operations AS has a score of 22 for 2025, rank 4,458 of 5,164 in the sector.
Strongest: Liquidity: percentile 97 against peers, current ratio 5.42 against a median of 1.00.
Weakest: Solidity: percentile 0 against peers, equity ratio −78.4% against a median of 12.6%. Consistency: percentile 8 against peers.
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 −78.4% (median 12.6%).
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin −512.4% (median 1.0%).
- The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors? Based on: operating margin −284.2% (median 1.5%).
- 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
What the numbers say
Cic Operations AS had an operating margin of −284.2% and an equity ratio of −78.4% in 2025, and ranks 4,458 of 5,164 in Overnatting og servering.
From 2024 to 2025: the operating margin fell from −169.0% to −284.2% and the equity ratio fell from −62.9% to −78.4%.
This text is generated automatically from the 2025 accounts.
Three simple methods
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| 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 −78.4% (median 12.6%).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −512.4% (median 1.0%).
- 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 −284.2% (median 1.5%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 11.2% 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
- watch Extreme margin: check the figures
- critical Negative equity
Scenario analysis: the sector's weakest year
We have no accounts for 2022, the sector's weakest year, for this company.
The sector's weakest year was 2022, with a median operating margin of 1.6%. Based on the 9 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 9 | weight 30% |
|---|---|---|
| Solidity | 0 | weight 25% |
| Liquidity | 97 | weight 15% |
| Growth | 25 | weight 15% |
| Consistency | 8 | weight 15% |
Durability: 28 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Cic Operations AS?
The operating margin was −284.2% in 2025, against a median of 1.5% among companies in the Morning class Micro in the same sector. Return on assets was −23.9%. The company made a loss before tax.
How solid is Cic Operations AS?
The equity ratio was −78.4% in 2025 (median 12.6%). Equity is negative, so liabilities exceed assets.
What is the liquidity of Cic Operations AS like?
The current ratio was 5.42 in 2025 (median 1.00).
How does Cic Operations AS compare in Overnatting og servering?
Cic Operations AS ranks 4,458 of 5,164 in Overnatting og servering for 2025. Among companies in the Morning class Micro it is number 2,314 of 2,774. Revenue changed by −3.1% from the year before.
From the Central Coordinating Register
- Org. no.
- 924282002
- Legal form
- AS
- Sector
- Overnatting og servering (55.100)
- Morning company class
- Micro
- Employees
- 27 registered 10 September 2026
- Founded
- 27 November 2019 6 years in operation
- Share capital
- 0.12 MNOK
- Business address
- c/o CIC Hospitality AS, Professor Dahls gate 21B, 0353 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 31 October 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: Cic Group Norway AS (100%)
Ultimate owner: private person
- Cic Group Norway AS · 100.0%
The company is new in the shareholder register in 2025.
Majority owner of: Cic Operations Osporten AS (100%), Cic Operations Hallingdal AS (100%), Erm Drift AS (100%), Cic Operations Haugesund AS (100%), Cic Operations Haugesund Airport AS (100%), Cic Operations Trondheim Airport AS (100%), Cic Operations Leto AS (100%), Cic Operations Sandtorgholmen AS (100%)
The portfolio: 9 of the companies it owns shares in have accounts with us, 8 of them as majority owner. The average index is 39. 0 have negative equity and 3 made a loss in the latest year.
Holds shares in: Erm Drift AS (100%), Cic Operations Hallingdal AS (100%), Cic Operations Osporten AS (100%), Cic Operations Haugesund AS (100%), Cic Operations Haugesund Airport AS (100%), Cic Operations Trondheim Airport AS (100%), Cic Operations Leto AS (100%), Cic Operations Sandtorgholmen AS (100%)
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.
Figures last fetched 4 November 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 36 | 26 | 22 | |
| Rank | 3,053 | 3,994 | 4,458 | |
| Operating margin | −132.7% | −169.0% | −284.2% | |
| Return on assets | −44.9% | −15.4% | −23.9% | |
| Equity ratio | 5.9% | −62.9% | −78.4% | |
| Current ratio | 4.76 | 5.59 | 5.42 | |
| Revenue growth | – | 3.0% | −3.1% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 7.6 MNOK | 7.8 MNOK | 7.6 MNOK |
| Operating profit | −10.1 MNOK | −13.2 MNOK | −21.6 MNOK |
| Profit before tax | −9.2 MNOK | −13.3 MNOK | −38.9 MNOK |
| Tax expense | – | – | – |
| Net profit | −7.0 MNOK | −10.3 MNOK | −34.1 MNOK |
| Financial expenses | 0.2 MNOK | 0.5 MNOK | 17.7 MNOK |
| Total assets | 20.0 MNOK | 83.2 MNOK | 88.8 MNOK |
| Current assets | 17.9 MNOK | 34.3 MNOK | 54.0 MNOK |
| Equity | 1.2 MNOK | −52.3 MNOK | −69.6 MNOK |
| Retained earnings | 1.1 MNOK | −139.6 MNOK | −156.9 MNOK |
| Total liabilities | 18.8 MNOK | 135.5 MNOK | 158.3 MNOK |
| Current liabilities | 3.8 MNOK | 6.1 MNOK | 10.0 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 4 November 2026, accounts id 7152355.
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