Subrite 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
48of 100
How to read this: the company is ahead of 46 % of companies in the Morning class Micro in the same sector in 2025. What does this mean?
Rank in the Morning class Micro: 1,118 of 2,081 · What are Morning company classes?
Place in the whole sector: 2,361 of 4,282 · Informasjon og kommunikasjon
Profile
Elephant · Steward
Lower profitability, high resilience
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 10 and resilience 56 out of 100 among companies in the Morning class Micro in the same sector in 2025. Methodology
Against the sector
Subrite AS is 2 points below the median for companies in the Morning class Micro in the same sector in 2025.
Median score 50 among 2,079 companies.
Against companies in the Morning class Micro in the same sector in 2025: operating margin −109.1% (median 4.4%) and equity ratio 59.9% (median 38.6%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 3 MNOK | 3 MNOK |
| Operating margin | −109.1% | 4.4% |
| Profit margin | −119.5% | 4.3% |
| Return on assets | −28.2% | 9.1% |
| Equity ratio | 59.9% | 38.6% |
| Debt-to-equity | 0.67 | 1.07 |
| Current ratio | 2.29 | 1.50 |
| Revenue growth | 442.2% | 6.1% |
| Revenue per employee | 0.53 MNOK | 0.78 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 48, Subrite AS does better than 46% of companies in the Morning class Micro in the same sector (2,081 companies) in 2025.
Score over time
Score over time needs at least two fiscal years with a score. It will appear when next year's figures are fetched or history is imported.
Working capital and debt
The accounts for 2025 lack the figures needed: revenue, current assets, current liabilities, debt or financial costs.
Subrite AS has a score of 48 for 2025, rank 2,361 of 4,282 in the sector.
Strongest: Growth: percentile 97 against peers, revenue growth 442.2% against a median of 6.1%. Liquidity: percentile 68 against peers, current ratio 2.29 against a median of 1.50.
Weakest: Profitability: percentile 10 against peers, operating margin −109.1% against a median of 4.4%. Consistency: percentile 33 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 −119.5% (median 4.3%).
- The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors? Based on: operating margin −109.1% (median 4.4%).
- 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 Subrite AS rose by 377.3 percentage points. Comparable companies rose by a median 0.2 points. So the company did 377.1 points better than the industry, for reasons of its own.
Over 2 year-to-year changes Subrite AS moved the same way as comparable companies 1 times. About 0% 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 | −486.5% | 4.1% | +1,074.4 percentage points | −0.2 percentage points | +1,074.6 percentage points |
| 2025 | −109.1% | 4.4% | +377.3 percentage points | +0.2 percentage points | +377.1 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 Subrite AS. The figures stand side by side; we claim no cause.
Service prices: information and communication (indeks (2021 = 100))
Service prices: information and communication rose 4.0% in 2025; the operating margin of Subrite AS rose 377.3 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Service prices: information and communication, annual average | 100.0 | 103.3 | 108.7 | 112.2 | 116.7 | 120.0 (so far) |
| Change from the year before | – | +3.2% | +5.3% | +3.2% | +4.0% | +2.8% |
| The company's operating margin | – | – | −1,560.9% | −486.5% | −109.1% | – |
Source: SSB (14335, CC BY 4.0). Source
Turnover index: information and communication (indeks (2021 = 100))
Turnover index: information and communication rose 4.6% in 2025; the operating margin of Subrite AS rose 377.3 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Turnover index: information and communication, annual average | 99.6 | 111.4 | 126.4 | 128.3 | 134.2 | 141.3 (so far) |
| Change from the year before | +14.7% | +11.8% | +13.5% | +1.5% | +4.6% | +5.3% |
| The company's operating margin | – | – | −1,560.9% | −486.5% | −109.1% | – |
Source: SSB (13863, CC BY 4.0). Source
USD/NOK (kr)
USD/NOK fell 3.3% in 2025; the operating margin of Subrite AS rose 377.3 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| USD/NOK, annual average | 8.59 | 9.61 | 10.56 | 10.75 | 10.39 | 9.54 (so far) |
| Change from the year before | −8.8% | +11.9% | +9.9% | +1.7% | −3.3% | −8.2% |
| The company's operating margin | – | – | −1,560.9% | −486.5% | −109.1% | – |
Source: Norges Bank (EXR, NLOD 2.0). Source
Policy rate (prosent)
Policy rate fell 0.20 percentage points in 2025; the operating margin of Subrite AS rose 377.3 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 | – | – | −1,560.9% | −486.5% | −109.1% | – |
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 Subrite AS rose 377.3 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Consumer price index, annual average | 84.3 | 89.2 | 94.1 | 97.0 | 100.0 | 102.9 (so far) |
| Change from the year before | +3.5% | +5.8% | +5.5% | +3.2% | +3.0% | +2.9% |
| The company's operating margin | – | – | −1,560.9% | −486.5% | −109.1% | – |
Source: SSB (14710, CC BY 4.0). Source
Wage index: IT services (indeks)
Wage index: IT services rose 4.4% in 2025; the operating margin of Subrite AS rose 377.3 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Wage index: IT services, annual average | 84.9 | 87.8 | 92.3 | 97.3 | 101.5 | 105.4 (so far) |
| Change from the year before | +4.9% | +3.5% | +5.1% | +5.4% | +4.4% | +3.8% |
| The company's operating margin | – | – | −1,560.9% | −486.5% | −109.1% | – |
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
Subrite AS had an operating margin of −109.1% and an equity ratio of 59.9% in 2025, and ranks 2,361 of 4,282 in Informasjon og kommunikasjon.
From 2024 to 2025: the operating margin rose from −486.5% to −109.1% and revenue grew by 442%.
This text is generated automatically from the 2025 accounts.
Three simple methods
One method gives a figure: 16 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 18.0 | not meaningful |
| EV/EBIT | 14.9 | not meaningful |
| P/B | 3.6 | 16 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 (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
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −119.5% (median 4.3%).
- 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 −109.1% (median 4.4%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 6.7% of the debt in 2025. The policy rate averaged 4.30 % 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
- watch Extreme margin: check 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 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 | 10 | weight 40% |
|---|---|---|
| Solidity | 65 | weight 20% |
| Liquidity | 68 | weight 5% |
| Growth | 97 | weight 25% |
| Consistency | 33 | weight 10% |
Three goals: profitability 40%, growth 25%, resilience 35%. Why these weights?
Index version 3. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Subrite AS?
The operating margin was −109.1% in 2025, against a median of 4.4% among companies in the Morning class Micro in the same sector. Return on assets was −28.2%. The company made a loss before tax.
How solid is Subrite AS?
The equity ratio was 59.9% in 2025 (median 38.6%). Debt-to-equity was 0.67 (median 1.07).
What is the liquidity of Subrite AS like?
The current ratio was 2.29 in 2025 (median 1.50).
How does Subrite AS compare in Informasjon og kommunikasjon?
Subrite AS ranks 2,361 of 4,282 in Informasjon og kommunikasjon for 2025. Among companies in the Morning class Micro it is number 1,118 of 2,081. Revenue changed by 442.2% 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 |
|---|---|---|---|---|
| Sødermann AS |  Elephant |
3 MNOK | 2.4% | 57 |
| E2 Solutions AS |  Lion |
3 MNOK | 12.6% | 57 |
| Compodeal AS | Lion |
3 MNOK | 13.9% | 57 |
| Subrite AS (this company) | Elephant |
3 MNOK | −109.1% | 48 |
| Sima AS | Elephant |
3 MNOK | 3.1% | 50 |
| Link Utvikling AS · same municipality | Lion |
3 MNOK | 15.8% | 69 |
| Kilde Konsult AS |  Cheetah |
3 MNOK | 17.8% | 53 |
| Culture Intelligence AS |  Beaver |
3 MNOK | −261.1% | 13 |
| Arv Design AS | Beaver |
3 MNOK | −3.4% | 26 |
The selection is the closest in revenue within the same industry code. When you order, you can swap competitors. Order competitor analysis
Group structure · 2025
11 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 Skavl AS.
Skavl 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
- Revisjon, regnskap og rådgivning (1 company), Informasjon og kommunikasjon (3 companies) 4 of 11 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
- 25 in all. Bjørnafjorden 10, Stavanger 9, Bergen 6 Registered employees in the Central Coordinating Register, by the municipality of the business address. Employees may work elsewhere.
- Loss
- 1 company: Subrite AS
- Changed 2024–2025
- 5 companies joined the group: Tind Studio AS, Midtsiden AS, Skavl 1 AS, Skavl Media AS, Hardanger AS. 1 company left: Oschlo AS.
A subsidiary with negative equity or a loss may be backed by the group, for example with group contributions or guarantees. It is an indication of what is worth asking about, not an assessment.
-
Skavl AS
-
Skavl Media Invest AS
- Subrite AS you are here
- Frei AS
- Represent AS
-
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.
- 930863165
- Legal form
- AS
- Sector
- Informasjon og kommunikasjon (62.100)
- Morning company class
- Micro
- Employees
- 6 registered 10 October 2026
- Founded
- 19 January 2023 3 years in operation
- Share capital
- 0.06 MNOK
- Business address
- Nonnesetergaten 4, 5015 BERGEN
- Municipality
- Bergen rank 8 of 11 in KOSTRA group 12
- Audit
- Audit opted out from 21 February 2023
- 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 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 0%
- Owned from the same municipality
- 100%
- Group chain
-
Owned by: Skavl Media Invest AS (100%)
Ultimate owner: Skavl AS
The owner: the majority owner Skavl Media Invest AS (holds 100%) made a loss in 2025. A weak parent can affect the subsidiary through group contributions, loans and guarantees. It is an indication to watch, not an assessment of the company.
- Skavl Media 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 8 November 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | – | – | 48 | |
| Rank | – | – | 2,361 | |
| Operating margin | −1,560.9% | −486.5% | −109.1% | |
| Return on assets | −3.4% | −20.3% | −28.2% | |
| Equity ratio | 19.2% | 32.4% | 59.9% | |
| Current ratio | 0.87 | 0.97 | 2.29 | |
| Revenue growth | – | 3,038.7% | 442.2% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 0.0 MNOK | 0.6 MNOK | 3.2 MNOK |
| Operating profit | −0.3 MNOK | −2.8 MNOK | −3.5 MNOK |
| Profit before tax | −0.5 MNOK | −3.1 MNOK | −3.8 MNOK |
| Tax expense | −0.1 MNOK | −0.7 MNOK | −0.8 MNOK |
| Net profit | −0.4 MNOK | −2.4 MNOK | −2.9 MNOK |
| Financial expenses | 0.2 MNOK | 0.3 MNOK | 0.3 MNOK |
| Total assets | 8.4 MNOK | 14.0 MNOK | 12.2 MNOK |
| Current assets | 2.5 MNOK | 5.6 MNOK | 2.8 MNOK |
| Equity | 1.6 MNOK | 4.5 MNOK | 7.3 MNOK |
| Retained earnings | – | – | – |
| Total liabilities | 6.8 MNOK | 9.5 MNOK | 4.9 MNOK |
| Current liabilities | 2.8 MNOK | 5.8 MNOK | 1.2 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 8 November 2026, accounts id 6342209.
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