Ecco IT 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
67of 100
How to read this: the company is ahead of 78 % of companies in the Morning class Small in the same sector in 2023. What does this mean?
Rank in the Morning class Small: 325 of 1,489 · What are Morning company classes?
Place in the whole sector: 1,243 of 5,343 · Teknisk tjenesteyting og forskning
Profile
Lion · Leader
High profitability, high resilience
Position against comparable companies in 2023, not a verdict on the company. Based on profitability 70 and resilience 62 out of 100 among companies in the Morning class Small in the same sector in 2023. Methodology
Against the sector
Ecco IT AS is 15 points above the median for companies in the Morning class Small in the same sector in 2023.
Median score 52 among 1,489 companies.
Against companies in the Morning class Small in the same sector in 2023: operating margin 15.6% (median 5.4%) and equity ratio 53.4% (median 34.2%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 49 MNOK | 18 MNOK |
| Operating margin | 15.6% | 5.4% |
| Profit margin | 14.7% | 5.5% |
| Return on assets | 18.0% | 12.9% |
| Equity ratio | 53.4% | 34.2% |
| Debt-to-equity | 0.87 | 1.78 |
| Current ratio | 1.54 | 1.43 |
| Revenue growth | – | 21.1% |
| Revenue per employee | 1.90 MNOK | 1.58 MNOK |
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 67, Ecco IT AS does better than 78% of companies in the Morning class Small in the same sector (1,489 companies) in 2023.
Score 2023–2025
- Ecco IT AS
- Median: companies in the Morning class Small in the same sector
What the numbers say
Ecco IT AS had an operating margin of 15.6% and an equity ratio of 53.4% in 2023, and ranks 1,243 of 5,343 in Teknisk tjenesteyting og forskning.
This text is generated automatically from the 2023 accounts.
Three simple methods
The methods give between 33 MNOK and 69 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 14.9 | 53 MNOK |
| EV/EBIT | 14.3 | 69 MNOK |
| P/B | 2.3 | 33 MNOK |
| EV/EBIT: from enterprise value to equity | NOK |
|---|---|
| Enterprise value (EV) at the listed multiple | 110 MNOK |
| Enterprise value after the size adjustment | 68 MNOK |
| Less net debt (rough figure) | −1 MNOK |
| Equity value | 69 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
No rules were triggered for this year.
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 2.9% 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 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 8 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 70 | weight 40% |
|---|---|---|
| Solidity | 77 | weight 20% |
| Liquidity | 58 | weight 5% |
| Growth | – | no data, left out |
| Consistency | 36 | 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 Ecco IT AS?
The operating margin was 15.6% in 2023, against a median of 5.4% among companies in the Morning class Small in the same sector. Return on assets was 18.0%.
How solid is Ecco IT AS?
The equity ratio was 53.4% in 2023 (median 34.2%). Debt-to-equity was 0.87 (median 1.78).
What is the liquidity of Ecco IT AS like?
The current ratio was 1.54 in 2023 (median 1.43).
How does Ecco IT AS compare in Teknisk tjenesteyting og forskning?
Ecco IT AS ranks 1,243 of 5,343 in Teknisk tjenesteyting og forskning for 2023. Among companies in the Morning class Small it is number 325 of 1,489.
Group structure · 2025
3 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 Ecco Holding AS.
Ecco 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 3 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
- 26 in all. Stavanger 26 Registered employees in the Central Coordinating Register, by the municipality of the business address. Employees may work elsewhere.
-
Ecco Holding AS
-
Cinclus V AS
- Ecco IT 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.
From the Central Coordinating Register
- Org. no.
- 926624121
- Legal form
- AS
- Sector
- Teknisk tjenesteyting og forskning (71.129)
- Morning company class
- Small
- Employees
- 26 registered 10 May 2026
- Founded
- 3 February 2021 5 years in operation
- Share capital
- 3.00 MNOK
- Business address
- Strandsvingen 14A, 4032 STAVANGER
- Municipality
- Stavanger rank 5 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 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: Cinclus V AS (100%)
Ultimate owner: Ecco Holding AS
- Cinclus V 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 4 November 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 67 | 70 | 57 | |
| Rank | 1,243 | 764 | 2,042 | |
| Operating margin | 15.6% | 15.8% | 7.6% | |
| Return on assets | 18.0% | 19.4% | 12.5% | |
| Equity ratio | 53.4% | 50.4% | 66.5% | |
| Current ratio | 1.54 | 1.52 | 2.15 | |
| Revenue growth | – | 55.9% | 5.4% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 49.4 MNOK | 77.1 MNOK | 81.3 MNOK |
| Operating profit | 7.7 MNOK | 12.1 MNOK | 6.2 MNOK |
| Profit before tax | 7.3 MNOK | 11.0 MNOK | 5.3 MNOK |
| Tax expense | 1.5 MNOK | 2.3 MNOK | 1.1 MNOK |
| Net profit | 5.8 MNOK | 8.7 MNOK | 4.2 MNOK |
| Financial expenses | 0.6 MNOK | 1.3 MNOK | 1.0 MNOK |
| Total assets | 43.6 MNOK | 62.9 MNOK | 50.0 MNOK |
| Current assets | 31.0 MNOK | 47.2 MNOK | 35.3 MNOK |
| Equity | 23.3 MNOK | 31.7 MNOK | 33.2 MNOK |
| Retained earnings | 6.3 MNOK | 14.7 MNOK | 16.2 MNOK |
| Total liabilities | 20.3 MNOK | 31.2 MNOK | 16.7 MNOK |
| Current liabilities | 20.1 MNOK | 31.0 MNOK | 16.4 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 4 November 2026, accounts id 4956107.
Further
Similar companies
- Sporstøl Arkitekter AS index 67, rank 1,241 · compare
- Uni-Form AS index 67, rank 1,242 · compare
- Olset Ksu AS index 67, rank 1,246 · compare
- Empet Stabekk AS index 67, rank 1,248 · compare
- Structor Teknisk Rådgivning AS index 67, rank 1,250 · compare