Blumarbl 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 2023
85of 100
How to read this: the company is ahead of 95 % of companies in the Morning class Micro in the same sector in 2023. What does this mean?
Rank in the Morning class Micro: 232 of 4,300 · What are Morning company classes?
Place in the whole sector: 311 of 6,515 · Informasjon og kommunikasjon
Profile
Lion · Leader
High profitability, high resilience
Position against comparable companies in 2023, not a verdict on the company. Based on profitability 87 and resilience 82 out of 100 among companies in the Morning class Micro in the same sector in 2023. Methodology
Against the sector
Blumarbl AS is 35 points above the median for companies in the Morning class Micro in the same sector in 2023.
Median score 50 among 4,298 companies.
Against companies in the Morning class Micro in the same sector in 2023: operating margin 38.5% (median 6.0%) and equity ratio 73.6% (median 40.4%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 2 MNOK | 2 MNOK |
| Operating margin | 38.5% | 6.0% |
| Profit margin | 39.9% | 6.3% |
| Return on assets | 61.6% | 11.4% |
| Equity ratio | 73.6% | 40.4% |
| Debt-to-equity | 0.36 | 1.10 |
| Current ratio | 3.73 | 1.57 |
| Revenue growth | – | 0.0% |
The median and “ahead of” refer to companies in the Morning class Micro in the same sector in 2023. The bar shows the share of companies the figure is ahead of.
With an index of 85, Blumarbl AS does better than 95% of companies in the Morning class Micro in the same sector (4,300 companies) in 2023.
Score 2023–2025
- Blumarbl 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. |
107 days | 55 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. |
22 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. |
17.8% | −8.6% | |
| Cash share of current assets How much of the short-term buffer is bank deposits and cash. |
45.9% | 55.3% | |
| 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. |
32.1 | 8.1 | |
| 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. |
6.8% | 0.5% | |
| Long-term share of debt Long-term debt as a share of all debt. A low share means more falls due within a year. |
0.6% | 0.0% | |
Net working capital (current assets less bank deposits less current liabilities): 0.4 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 2023. 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.
What the numbers say
Blumarbl AS had an operating margin of 38.5% and an equity ratio of 73.6% in 2023, and ranks 311 of 6,515 in Informasjon og kommunikasjon.
This text is generated automatically from the 2023 accounts.
Three simple methods
The methods give between 2 MNOK and 9 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 18.0 | 8 MNOK |
| EV/EBIT | 14.9 | 9 MNOK |
| P/B | 3.6 | 2 MNOK |
| EV/EBIT: from enterprise value to equity | NOK |
|---|---|
| Enterprise value (EV) at the listed multiple | 13 MNOK |
| Enterprise value after the size adjustment | 8 MNOK |
| Less net debt (rough figure) | −1 MNOK |
| Equity value | 9 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 (62): Computer 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
- positive
Upper quartile on profitability, solidity and liquidity. What sets this company apart from the rest of the sector?
Based on: Operating margin 38.5% (median 6.0%); Equity ratio 73.6% (median 40.4%); Current ratio 3.73 (median 1.57).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 6.8% 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
No anomalies found in the figures.
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 4.1%. Based on the 8 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 87 | weight 40% |
|---|---|---|
| Solidity | 80 | weight 20% |
| Liquidity | 83 | weight 5% |
| Growth | – | no data, left out |
| Consistency | 86 | weight 10% |
Three goals: profitability 40%, growth 25%, resilience 35%. Why these weights?
Index version 3. Data completeness 75%: the share of the weights that had data.
Questions and answers
How profitable is Blumarbl AS?
The operating margin was 38.5% in 2023, against a median of 6.0% among companies in the Morning class Micro in the same sector. Return on assets was 61.6%.
How solid is Blumarbl AS?
The equity ratio was 73.6% in 2023 (median 40.4%). Debt-to-equity was 0.36 (median 1.10).
What is the liquidity of Blumarbl AS like?
The current ratio was 3.73 in 2023 (median 1.57).
How does Blumarbl AS compare in Informasjon og kommunikasjon?
Blumarbl AS ranks 311 of 6,515 in Informasjon og kommunikasjon for 2023. Among companies in the Morning class Micro it is number 232 of 4,300.
From the Central Coordinating Register
- Org. no.
- 925189340
- Legal form
- AS
- Sector
- Informasjon og kommunikasjon (62.200)
- Morning company class
- Micro
- Employees
- 0–4 (not registered)
- Founded
- 4 June 2020 6 years in operation
- Share capital
- 0.03 MNOK
- Business address
- Statfjordsvingene 15A, 4028 STAVANGER
- Municipality
- Stavanger rank 5 of 11 in KOSTRA group 12
- Audit
- Audit opted out from 12 June 2020
- Latest accounts filed
- 2025
- LEI
- 636700VXTSB1ELV6DE02 renews 31 March 2027
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 4 November 2026. Only names are shown.
- Parent company
- No parent company: owned by persons
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 31 October 2026. The parent is the one the company itself reported to GLEIF.
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
- 100%
- Group chain
- Ultimate owner: private person
The company is new in the shareholder register in 2025.
The portfolio: 13 of the companies it owns shares in have accounts with us, 0 of them as majority owner. The average index is 44. 0 have negative equity and 1 made a loss in the latest year.
Holds shares in: Alng ASA (0%), Lerøy Seafood Group ASA (0%), Vår Energi ASA (0%), Kongsberg Gruppen ASA (0%), Norsk Hydro ASA (0%), Orkla ASA (0%), Equinor ASA (0%), Tomra Systems ASA (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 9 November 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 85 | 72 | 73 | |
| Rank | 311 | 680 | 602 | |
| Operating margin | 38.5% | 34.0% | 34.7% | |
| Return on assets | 61.6% | 42.2% | 40.1% | |
| Equity ratio | 73.6% | 82.6% | 82.8% | |
| Current ratio | 3.73 | 5.64 | 6.15 | |
| Revenue growth | – | 5.6% | −2.8% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 2.3 MNOK | 2.4 MNOK | 2.3 MNOK |
| Operating profit | 0.9 MNOK | 0.8 MNOK | 0.8 MNOK |
| Profit before tax | 0.9 MNOK | 0.9 MNOK | 0.9 MNOK |
| Tax expense | 0.2 MNOK | 0.2 MNOK | 0.2 MNOK |
| Net profit | 0.7 MNOK | 0.7 MNOK | 0.7 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Total assets | 1.5 MNOK | 2.2 MNOK | 2.4 MNOK |
| Current assets | 1.5 MNOK | 2.2 MNOK | 2.3 MNOK |
| Equity | 1.1 MNOK | 1.8 MNOK | 2.0 MNOK |
| Retained earnings | 1.1 MNOK | 1.8 MNOK | 1.9 MNOK |
| Total liabilities | 0.4 MNOK | 0.4 MNOK | 0.4 MNOK |
| Current liabilities | 0.4 MNOK | 0.4 MNOK | 0.4 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 9 November 2026, accounts id 4761295.
Further
Similar companies
- Brigt Olav Vik AS index 85, rank 308 · compare
- Garm IT AS index 85, rank 309 · compare
- Drevfjell AS index 85, rank 310 · compare
- Progdata AS index 84, rank 314 · compare
- Pim AS index 84, rank 315 · compare