Ecco IT AS
Score · fiscal year 2024
70of 100
How to read this: the company is ahead of 88 % of companies in the Morning class Medium in the same sector in 2024. What does this mean?
Rank in the Morning class Medium: 62 of 514 · What are Morning company classes?
Place in the whole sector: 559 of 4,104 · Teknisk tjenesteyting og forskning
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 74 and solidity 75 out of 100 among companies in the Morning class Medium in the same sector in 2024. Methodology
Against the sector
Ecco IT AS is 19 points above the median for companies in the Morning class Medium in the same sector in 2024.
Median score 51 among 514 companies.
Against companies in the Morning class Medium in the same sector in 2024: operating margin 15.8% (median 5.4%) and equity ratio 50.4% (median 31.7%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 77 MNOK | 95 MNOK |
| Operating margin | 15.8% | 5.4% |
| Profit margin | 14.2% | 6.0% |
| Return on assets | 19.4% | 13.3% |
| Equity ratio | 50.4% | 31.7% |
| Debt-to-equity | 0.98 | 2.06 |
| Current ratio | 1.52 | 1.31 |
| Revenue growth | 55.9% | 8.4% |
| Revenue per employee | 2.96 MNOK | 2.81 MNOK |
The median and “ahead of” refer to companies in the Morning class Medium in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
With an index of 70, Ecco IT AS does better than 88% of companies in the Morning class Medium in the same sector (514 companies) in 2024.
Score 2023–2025
- Ecco IT AS
- Median: companies in the Morning class Medium in the same sector
What the numbers say
Ecco IT AS had an operating margin of 15.8% and an equity ratio of 50.4% in 2024, and ranks 559 of 4,104 in Teknisk tjenesteyting og forskning.
From 2023 to 2024: revenue grew by 56%.
This text is generated automatically from the 2024 accounts.
Three simple methods
The methods give between 55 MNOK and 87 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 18.6 | 73 MNOK |
| EV/EBIT | 15.9 | 87 MNOK |
| P/B | 3.2 | 55 MNOK |
The listed basis is the value at listed multiples. The estimate is lowered by 46% for an unlisted company: 20% for lack of marketability and 32% for size (a small-company premium of 3% on the cost of equity).
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 4.1% of the debt in 2024. The policy rate averaged 4.50 % 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 | 74 | weight 30% |
|---|---|---|
| Solidity | 75 | weight 25% |
| Liquidity | 62 | weight 15% |
| Growth | 86 | weight 15% |
| Consistency | 50 | weight 15% |
Durability: 67 (average over 2 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Ecco IT AS?
The operating margin was 15.8% in 2024, against a median of 5.4% among companies in the Morning class Medium in the same sector. Return on assets was 19.4%.
How solid is Ecco IT AS?
The equity ratio was 50.4% in 2024 (median 31.7%). Debt-to-equity was 0.98 (median 2.06).
What is the liquidity of Ecco IT AS like?
The current ratio was 1.52 in 2024 (median 1.31).
How does Ecco IT AS compare in Teknisk tjenesteyting og forskning?
Ecco IT AS ranks 559 of 4,104 in Teknisk tjenesteyting og forskning for 2024. Among companies in the Morning class Medium it is number 62 of 514. Revenue changed by 55.9% from the year before.
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
- Medium
- 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.
Figures last fetched 4 November 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 64 | 70 | 67 | |
| Rank | 1,057 | 559 | 726 | |
| 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 5890853.
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