Slg AS
Score · fiscal year 2025
46of 100
How to read this: the company is ahead of 40 % of companies in the Morning class Small in the same sector in 2025. What does this mean?
Rank in the Morning class Small: 610 of 1,022 · What are Morning company classes?
Place in the whole sector: 1,857 of 3,132 · Informasjon og kommunikasjon
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 39 and solidity 8 out of 100 among companies in the Morning class Small in the same sector in 2025. Methodology
Against the sector
Slg AS is 4 points below the median for companies in the Morning class Small in the same sector in 2025.
Median score 50 among 1,022 companies.
Against companies in the Morning class Small in the same sector in 2025: operating margin 2.9% (median 4.9%) and equity ratio 2.5% (median 34.1%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 34 MNOK | 23 MNOK |
| Operating margin | 2.9% | 4.9% |
| Profit margin | 9.0% | 5.0% |
| Return on assets | 3.2% | 9.2% |
| Equity ratio | 2.5% | 34.1% |
| Debt-to-equity | 38.35 | 1.67 |
| Current ratio | 3.21 | 1.32 |
| Revenue growth | 54.5% | 7.8% |
| Revenue per employee | 3.09 MNOK | 1.76 MNOK |
The median and “ahead of” refer to companies in the Morning class Small in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 46, Slg AS does better than 40% of companies in the Morning class Small in the same sector (1,022 companies) in 2025.
Score 2023–2025
- Slg AS
- Median: companies in the Morning class Small in the same sector
Slg AS has a score of 46 for 2025, rank 1,857 of 3,132 in the sector.
Strongest: Liquidity: percentile 91 against peers, current ratio 3.21 against a median of 1.32. Growth: percentile 89 against peers, revenue growth 54.5% against a median of 7.8%.
Weakest: Solidity: percentile 8 against peers, equity ratio 2.5% against a median of 34.1%. Consistency: percentile 37 against peers.
Worth a closer look
- The equity ratio is very low. Could the company absorb a bad year, and does it need more equity? Based on: equity ratio 2.5% (median 34.1%).
- What lies behind weak solidity, and will it last?
- What lies behind weak consistency, and will it last?
- The change in operating margin in 2025 was 30.2 percentage points better than for comparable companies: the company +30.7, the industry +0.5 points. That is the company's own, not something that hit the whole industry.
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 Slg AS rose by 30.7 percentage points. Comparable companies rose by a median 0.5 points. So the company did 30.2 points better than the industry, for reasons of its own.
Over 2 year-to-year changes Slg AS moved the same way as comparable companies 2 times. About 1% 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 | −27.7% | 4.4% | +159.9 percentage points | +0.5 percentage points | +159.4 percentage points |
| 2025 | 2.9% | 4.9% | +30.7 percentage points | +0.5 percentage points | +30.2 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 Slg 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 Slg AS rose 30.7 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 | – | – | −187.6% | −27.7% | 2.9% | – |
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 Slg AS rose 30.7 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 | – | – | −187.6% | −27.7% | 2.9% | – |
Source: SSB (13863, CC BY 4.0). Source
USD/NOK (kr)
USD/NOK fell 3.3% in 2025; the operating margin of Slg AS rose 30.7 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 | – | – | −187.6% | −27.7% | 2.9% | – |
Source: Norges Bank (EXR, NLOD 2.0). Source
Policy rate (prosent)
Policy rate fell 0.20 percentage points in 2025; the operating margin of Slg AS rose 30.7 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 | – | – | −187.6% | −27.7% | 2.9% | – |
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 Slg AS rose 30.7 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 | – | – | −187.6% | −27.7% | 2.9% | – |
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 Slg AS rose 30.7 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 | – | – | −187.6% | −27.7% | 2.9% | – |
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
Slg AS had an operating margin of 2.9% and an equity ratio of 2.5% in 2025, and ranks 1,857 of 3,132 in Informasjon og kommunikasjon.
From 2024 to 2025: the operating margin rose from −27.7% to 2.9% and went from a loss to a profit before tax.
This text is generated automatically from the 2025 accounts.
Three simple methods
One method gives a figure: 4 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 17.7 | not meaningful |
| EV/EBIT | 14.3 | not meaningful |
| P/B | 2.6 | 4 MNOK |
The listed basis is the value at listed multiples. The estimate is lowered by 51% for an unlisted company: 20% for lack of marketability and 38% for size (a small-company premium of 4% 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
- watch
The equity ratio is very low. Could the company absorb a bad year, and does it need more equity?
Based on: Equity ratio 2.5% (median 34.1%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 0.5% 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
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 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 | 39 | weight 30% |
|---|---|---|
| Solidity | 8 | weight 25% |
| Liquidity | 91 | weight 15% |
| Growth | 89 | weight 15% |
| Consistency | 37 | weight 15% |
Durability: 40 (average over 2 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Slg AS?
The operating margin was 2.9% in 2025, against a median of 4.9% among companies in the Morning class Small in the same sector. Return on assets was 3.2%.
How solid is Slg AS?
The equity ratio was 2.5% in 2025 (median 34.1%). Debt-to-equity was 38.35 (median 1.67).
What is the liquidity of Slg AS like?
The current ratio was 3.21 in 2025 (median 1.32).
How does Slg AS compare in Informasjon og kommunikasjon?
Slg AS ranks 1,857 of 3,132 in Informasjon og kommunikasjon for 2025. Among companies in the Morning class Small it is number 610 of 1,022. Revenue changed by 54.5% from the year before.
From the Central Coordinating Register
- Org. no.
- 932264390
- Legal form
- AS
- Sector
- Informasjon og kommunikasjon (59.200)
- Morning company class
- Small
- Employees
- 11 registered 10 April 2026
- Founded
- 25 September 2023 3 years in operation
- Share capital
- 5.03 MNOK
- Business address
- Dronningens gate 16, 0152 OSLO
- Municipality
- Oslo rank 63–220 of 357 in Norway
- Latest accounts filed
- 2025
- Website
- soundslikegold.com
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: Sounds Like Gold AS (100%)
Ultimate owner: Sounds Like Gold AS
- Sounds Like Gold AS · 100.0%
The company is new in the shareholder register in 2025.
Majority owner of: U OK? AS (100%), 777 Triple Seven AS (100%), Indie Rec Masters AS (100%), Propeller Recordings AS (100%)
Holds shares in: U OK? AS (100%), Indie Rec Masters AS (100%), 777 Triple Seven AS (100%), Propeller Recordings AS (100%)
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 5 November 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | – | 34 | 46 | |
| Rank | – | 2,464 | 1,857 | |
| Operating margin | −187.6% | −27.7% | 2.9% | |
| Return on assets | −167.8% | −4.8% | 3.2% | |
| Equity ratio | −146.0% | −0.2% | 2.5% | |
| Current ratio | 0.41 | 1.33 | 3.21 | |
| Revenue growth | – | 21,878.8% | 54.5% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 0.1 MNOK | 22.0 MNOK | 34.0 MNOK |
| Operating profit | −0.2 MNOK | −6.1 MNOK | 1.0 MNOK |
| Profit before tax | −0.2 MNOK | −5.0 MNOK | 3.1 MNOK |
| Tax expense | – | – | – |
| Net profit | −0.2 MNOK | −5.0 MNOK | 3.1 MNOK |
| Financial expenses | 0.0 MNOK | 0.1 MNOK | 0.6 MNOK |
| Total assets | 0.1 MNOK | 103.4 MNOK | 113.4 MNOK |
| Current assets | 0.1 MNOK | 12.5 MNOK | 30.8 MNOK |
| Equity | −0.2 MNOK | −0.2 MNOK | 2.9 MNOK |
| Retained earnings | −0.2 MNOK | −5.2 MNOK | −2.1 MNOK |
| Total liabilities | 0.3 MNOK | 103.5 MNOK | 110.5 MNOK |
| Current liabilities | 0.3 MNOK | 9.4 MNOK | 9.6 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 5 November 2026, accounts id 7227528.
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