Envisiontech 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
18of 100
How to read this: the company is ahead of 6 % of companies in the Morning class Micro in the same sector in 2025. What does this mean?
Rank in the Morning class Micro: 746 of 790 · What are Morning company classes?
Place in the whole sector: 1,269 of 1,323 · Finans og forsikring
Profile
Beaver · Builder
Lower profitability, lower resilience
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 4 and resilience 26 out of 100 among companies in the Morning class Micro in the same sector in 2025. Methodology
Against the sector
Envisiontech AS is 33 points below the median for companies in the Morning class Micro in the same sector in 2025.
Median score 51 among 790 companies.
Against companies in the Morning class Micro in the same sector in 2025: operating margin −71.5% (median 80.9%) and equity ratio 72.3% (median 90.5%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 8 MNOK | 3 MNOK |
| Operating margin | −71.5% | 80.9% |
| Profit margin | −67.7% | 82.2% |
| Return on assets | −71.3% | 11.5% |
| Equity ratio | 72.3% | 90.5% |
| Debt-to-equity | 0.38 | 0.10 |
| Current ratio | 3.59 | 8.20 |
| Revenue growth | −0.6% | 9.8% |
| Revenue per employee | 1.56 MNOK | 0.75 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 18, Envisiontech AS does better than 6% of companies in the Morning class Micro in the same sector (790 companies) in 2025.
Score 2023–2025
- Envisiontech 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. |
7 days | 40 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 | 10 days | |
| Net working capital to revenue Current assets less bank deposits less current liabilities, divided by revenue. Negative: short-term debt funds the operations. |
−24.4% | 156.4% | |
| Cash share of current assets How much of the short-term buffer is bank deposits and cash. |
98.0% | 15.2% | |
| 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. |
– | 30.5 | |
| 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. |
– | 2.4% | |
| Long-term share of debt Long-term debt as a share of all debt. A low share means more falls due within a year. |
– | 27.3% | |
Net working capital (current assets less bank deposits less current liabilities): −1.9 MNOK.
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.
Envisiontech AS has a score of 18 for 2025, rank 1,269 of 1,323 in the sector.
Strongest: Liquidity: percentile 36 against peers, current ratio 3.59 against a median of 8.20.
Weakest: Profitability: percentile 4 against peers, operating margin −71.5% against a median of 80.9%. Consistency: percentile 13 against peers.
Worth a closer look
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin −67.7% (median 82.2%).
- The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors? Based on: operating margin −71.5% (median 80.9%).
- What lies behind weak profitability, and will it last?
- What lies behind weak consistency, 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 Envisiontech AS fell by 6.0 percentage points. Comparable companies rose by a median 1.1 points. So the company did 7.1 points weaker than the industry, for reasons of its own.
Over 2 year-to-year changes Envisiontech AS moved the same way as comparable companies 1 times. About 20% 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 | −65.5% | 79.8% | +33.5 percentage points | +7.4 percentage points | +26.1 percentage points |
| 2025 | −71.5% | 80.9% | −6.0 percentage points | +1.1 percentage points | −7.1 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 Envisiontech AS. The figures stand side by side; we claim no cause.
Policy rate (prosent)
Policy rate fell 0.20 percentage points in 2025; the operating margin of Envisiontech AS fell 6.0 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 | – | – | −99.0% | −65.5% | −71.5% | – |
Source: Norges Bank (IR, NLOD 2.0). Source
Consumer price index (indeks (2025 = 100))
Consumer price index rose 3.0% in 2025; the operating margin of Envisiontech AS fell 6.0 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Consumer price index, annual average | 84.3 | 89.2 | 94.1 | 97.0 | 100.0 | 103.0 (so far) |
| Change from the year before | +3.5% | +5.8% | +5.5% | +3.2% | +3.0% | +3.0% |
| The company's operating margin | – | – | −99.0% | −65.5% | −71.5% | – |
Source: SSB (14710, CC BY 4.0). Source
Wage index: financial services (indeks)
Wage index: financial services rose 4.6% in 2025; the operating margin of Envisiontech AS fell 6.0 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Wage index: financial services, annual average | 87.1 | 90.4 | 94.2 | 98.9 | 103.5 | 107.3 (so far) |
| Change from the year before | +2.9% | +3.8% | +4.1% | +5.0% | +4.6% | +3.7% |
| The company's operating margin | – | – | −99.0% | −65.5% | −71.5% | – |
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
Envisiontech AS had an operating margin of −71.5% and an equity ratio of 72.3% in 2025, and ranks 1,269 of 1,323 in Finans og forsikring.
From 2024 to 2025: the operating margin fell from −65.5% to −71.5% and the equity ratio fell from 77.4% to 72.3%.
This text is generated automatically from the 2025 accounts.
Three simple methods
One method gives a figure: 6 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 12.6 | not meaningful |
| EV/EBIT | – | not used in the sector |
| P/B | 1.7 | 6 MNOK |
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 (66.3): Investments & Asset Management.
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 company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −67.7% (median 82.2%).
- 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 −71.5% (median 80.9%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
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 2026, the sector's weakest year, for this company.
The sector's weakest year was 2026, with a median operating margin of −13.5%. Based on the 7 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 4 | weight 40% |
|---|---|---|
| Solidity | 30 | weight 20% |
| Liquidity | 36 | weight 5% |
| Growth | 28 | weight 25% |
| Consistency | 13 | weight 10% |
Three goals: profitability 40%, growth 25%, resilience 35%. Why these weights?
Durability: 21 (average over 3 years)
Index version 3. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Envisiontech AS?
The operating margin was −71.5% in 2025, against a median of 80.9% among companies in the Morning class Micro in the same sector. Return on assets was −71.3%. The company made a loss before tax.
How solid is Envisiontech AS?
The equity ratio was 72.3% in 2025 (median 90.5%). Debt-to-equity was 0.38 (median 0.10).
What is the liquidity of Envisiontech AS like?
The current ratio was 3.59 in 2025 (median 8.20).
How does Envisiontech AS compare in Finans og forsikring?
Envisiontech AS ranks 1,269 of 1,323 in Finans og forsikring for 2025. Among companies in the Morning class Micro it is number 746 of 790. Revenue changed by −0.6% 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 |
|---|---|---|---|---|
| Idékapital Investment Management AS · same municipality |  Cheetah |
8 MNOK | 21.7% | 50 |
| Proventure Management II AS |  Beaver |
8 MNOK | −1.4% | 23 |
| Arctic Alternative Investments AS · same municipality | Beaver |
8 MNOK | 11.9% | 53 |
| Ignite Capital Management AS | Beaver |
8 MNOK | 1.7% | 29 |
| Nordvegen Kapital AS | Cheetah |
8 MNOK | 44.0% | 57 |
| Envisiontech AS (this company) | Beaver |
8 MNOK | −71.5% | 18 |
| Levantor Capital AS · same municipality | Cheetah |
8 MNOK | 62.8% | 50 |
| Medvind Management AS · same municipality | Cheetah |
7 MNOK | 30.6% | 46 |
| Hawk Management AS · same municipality | Cheetah |
7 MNOK | 98.2% | 67 |
The selection is the closest in revenue within the same industry code. When you order, you can swap competitors. Order competitor analysis
From the Central Coordinating Register
- Org. no.
- 927614685
- Legal form
- AS
- Sector
- Finans og forsikring (66.300)
- Morning company class
- Micro
- Employees
- 5 registered 10 October 2024
- Founded
- 10 August 2021 5 years in operation
- Share capital
- 0.41 MNOK
- Business address
- Munkedamsveien 53B, 0250 OSLO
- Municipality
- Oslo rank 63–220 of 357 in Norway
- Latest accounts filed
- 2025
- LEI
- 5493000TYXIP8T3EZ159 not renewed (lapsed)
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.
- Parent company
- NESS, RISAN & Partners AS (Norway)
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 30 October 2026. The parent is the one the company itself reported to GLEIF.
Shareholders (2025)
- Number of shareholders
- 5
- Largest owner
- 37.4% · top three 45.2%
- Split
- companies 50% · private persons 0% · foreign 0%
- NESS, RISAN & Partners AS · 74.8%
- Sos Shipping AS · 7.8%
- C.P. Finne AS · 7.8%
- Nautilus Capital AS · 7.8%
- Tranes Invest AS · 1.9%
The company is new in the shareholder register in 2025.
The owners' shares do not add up to the company's total number of shares in the source.
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 | 16 | 28 | 18 | |
| Rank | 1,047 | 1,051 | 1,269 | |
| Operating margin | −99.0% | −65.5% | −71.5% | |
| Return on assets | −52.8% | −42.2% | −71.3% | |
| Equity ratio | 80.7% | 77.4% | 72.3% | |
| Current ratio | 4.30 | 3.56 | 3.59 | |
| Revenue growth | – | 8.4% | −0.6% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 7.3 MNOK | 7.9 MNOK | 7.8 MNOK |
| Operating profit | −7.2 MNOK | −5.2 MNOK | −5.6 MNOK |
| Profit before tax | −6.9 MNOK | −4.8 MNOK | −5.3 MNOK |
| Tax expense | 0.0 MNOK | 0.0 MNOK | 2.2 MNOK |
| Net profit | −6.9 MNOK | −4.8 MNOK | −7.5 MNOK |
| Financial expenses | – | – | – |
| Total assets | 13.0 MNOK | 11.3 MNOK | 7.4 MNOK |
| Current assets | 10.8 MNOK | 9.1 MNOK | 7.4 MNOK |
| Equity | 10.5 MNOK | 8.8 MNOK | 5.4 MNOK |
| Retained earnings | −13.6 MNOK | −18.3 MNOK | −25.8 MNOK |
| Total liabilities | 2.5 MNOK | 2.6 MNOK | 2.1 MNOK |
| Current liabilities | 2.5 MNOK | 2.6 MNOK | 2.1 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 8 November 2026, accounts id 6491873.
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