KEYLOOP (NORGE) AS

Org. no. 930216402 · Oslo · Founded 1981 · 7 employees

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

55of 100

How to read this: the company is ahead of 59 % of companies in the Morning class Medium in the same sector in 2023. What does this mean?

Rank in the Morning class Medium: 273 of 661 · What are Morning company classes?
Place in the whole sector: 1,740 of 4,071 · Informasjon og kommunikasjon

Profile

Cheetah · Sprinter

High profitability, lower resilience

Position against comparable companies in 2023, not a verdict on the company. Based on profitability 88 and resilience 16 out of 100 among companies in the Morning class Medium in the same sector in 2023. Methodology

Against the sector

KEYLOOP (NORGE) AS is 4 points above the median for companies in the Morning class Medium in the same sector in 2023.

Median score 51 among 661 companies.

Against companies in the Morning class Medium in the same sector in 2023: operating margin 23.6% (median 6.1%) and equity ratio 5.2% (median 28.9%).

Source: Register of Company Accounts and Central Coordinating RegisterFetched 7 November 2026Report an issue
Key figures · 2023

The numbers behind the score

The numbers behind the score · 2023
MeasureCompanyMedianAhead of
Operating revenue51 MNOK106 MNOK
Operating margin 23.6% 6.1% 89 %
Profit margin 26.7% 6.8% shown, not part of the index
Return on assets 35.0% 11.9% 87 %
Equity ratio 5.2% 28.9% 12 %
Debt-to-equity 18.28 2.35 9 %
Current ratio 1.05 1.18 37 %
Revenue growth – 10.6% not compared
Revenue per employee7.23 MNOK2.84 MNOK

The median and “ahead of” refer to companies in the Morning class Medium in the same sector in 2023. The bar shows the share of companies the figure is ahead of.

With an index of 55, KEYLOOP (NORGE) AS does better than 59% of companies in the Morning class Medium in the same sector (661 companies) in 2023.

Over time

Score 2023–2025

CompanyMedian0255075100202320242025
  • KEYLOOP (NORGE) AS
  • Median: companies in the Morning class Medium in the same sector
Analysis · 2023

What the numbers say

KEYLOOP (NORGE) AS had an operating margin of 23.6% and an equity ratio of 5.2% in 2023, and ranks 1,740 of 4,071 in Informasjon og kommunikasjon.

This text is generated automatically from the 2023 accounts.

Estimated value · 2023

Three simple methods

The methods give between 5 MNOK and 129 MNOK.

MethodInputMultipleListed basisEstimate
P/E Net profit: 10.5 MNOK 18.0 190 MNOK 129 MNOK
EV/EBIT Operating profit: 11.9 MNOK
less net debt −1.7 MNOK (rough figure)
14.9 179 MNOK 123 MNOK
P/B Equity: 2.0 MNOK 3.6 7 MNOK 5 MNOK
EV/EBIT: from enterprise value to equityNOK
Enterprise value (EV) at the listed multiple178 MNOK
Enterprise value after the size adjustment121 MNOK
Less net debt (rough figure)−2 MNOK
Equity value123 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 3% on the cost of equity gives a value 32% 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 (63): 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

Indications · 2023

Worth a closer look

  • watch

    The equity ratio is very low. Could the company absorb a bad year, and does it need more equity?

    Based on: Equity ratio 5.2% (median 28.9%).

Indications based on the latest annual accounts from open data. Not investment or financial advice.

Financial costs were 0.3% 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.

Stress test · 2026

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 4.1%. Based on the 8 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology

Components · 2023

What the score is made of

Profitability88 weight 40%
Solidity10 weight 20%
Liquidity37 weight 5%
Growth– no data, left out
Consistency18 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.

2023

Questions and answers

How profitable is KEYLOOP (NORGE) AS?

The operating margin was 23.6% in 2023, against a median of 6.1% among companies in the Morning class Medium in the same sector. Return on assets was 35.0%.

How solid is KEYLOOP (NORGE) AS?

The equity ratio was 5.2% in 2023 (median 28.9%). Debt-to-equity was 18.28 (median 2.35).

What is the liquidity of KEYLOOP (NORGE) AS like?

The current ratio was 1.05 in 2023 (median 1.18).

How does KEYLOOP (NORGE) AS compare in Informasjon og kommunikasjon?

KEYLOOP (NORGE) AS ranks 1,740 of 4,071 in Informasjon og kommunikasjon for 2023. Among companies in the Morning class Medium it is number 273 of 661.

From the Central Coordinating Register

Org. no.
930216402
Legal form
AS
Sector
Informasjon og kommunikasjon (63.100)
Morning company class
Medium
Employees
7 registered 10 August 2026
Founded
20 May 1981 45 years in operation
Share capital
0.60 MNOK
Business address
Fredrik Selmers vei 6, 0663 OSLO
Municipality
Oslo rank 63–220 of 357 in Norway
Latest accounts filed
2025
Website
www.keyloop.com
The company's business municipality, Oslo. The map shows the municipality, not the address. Map source: Kartverket (CC BY 4.0).

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.

Shareholders (2025)

Number of shareholders
1 (one owner)
Largest owner
100.0%
Split
companies 100% · private persons 0% · foreign 100%
Group chain
Ultimate owner: Keyloop Denmark APS
  • Keyloop Denmark APS (Denmark) · 100.0%

Change 2007–2025: no material change in the owners.

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.

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Figures last fetched 7 November 2026.

Details

Year by year · 2023–2025

Key figure202320242025Trend
Index554450
Rank1,7402,6662,210
Operating margin23.6%9.7%15.3%
Return on assets35.0%24.3%22.3%
Equity ratio5.2%7.7%5.3%
Current ratio1.051.071.05
Revenue growth–3.4%−3.7%

Accounts

From the Brønnøysund Register Centre, in the company's reporting currency (NOK).

Key figure202320242025
Operating revenue50.6 MNOK52.3 MNOK50.3 MNOK
Operating profit11.9 MNOK5.1 MNOK7.7 MNOK
Profit before tax13.5 MNOK6.2 MNOK8.4 MNOK
Tax expense3.0 MNOK1.4 MNOK1.8 MNOK
Net profit10.5 MNOK4.8 MNOK6.6 MNOK
Financial expenses0.1 MNOK0.1 MNOK0.0 MNOK
Total assets39.0 MNOK25.8 MNOK37.8 MNOK
Current assets38.8 MNOK25.6 MNOK37.6 MNOK
Equity2.0 MNOK2.0 MNOK2.0 MNOK
Retained earnings0.0 MNOK––
Total liabilities37.0 MNOK23.8 MNOK35.8 MNOK
Current liabilities37.0 MNOK23.8 MNOK35.8 MNOK

Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 7 November 2026, accounts id 5119675.