Smart Industry AS
Score · fiscal year 2025
10of 100
How to read this: the company is ahead of 2 % of companies in the Morning class Micro in the same sector in 2025. What does this mean?
Rank in the Morning class Micro: 2,077 of 2,127 · What are Morning company classes?
Place in the whole sector: 4,097 of 4,183 · Teknisk tjenesteyting og forskning
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 17 and solidity 0 out of 100 among companies in the Morning class Micro in the same sector in 2025. Methodology
Against the sector
Smart Industry AS is 40 points below the median for companies in the Morning class Micro in the same sector in 2025.
Median score 50 among 2,126 companies.
Against companies in the Morning class Micro in the same sector in 2025: operating margin −7.6% (median 4.9%) and equity ratio −17.7% (median 40.9%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 7 MNOK | 3 MNOK |
| Operating margin | −7.6% | 4.9% |
| Profit margin | −7.7% | 4.8% |
| Return on assets | −18.1% | 10.2% |
| Equity ratio | −17.7% | 40.9% |
| Debt-to-equity | – | 1.12 |
| Current ratio | 0.82 | 1.66 |
| Revenue growth | – | 5.2% |
| Revenue per employee | 0.18 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 10, Smart Industry AS does better than 2% of companies in the Morning class Micro in the same sector (2,127 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.
Smart Industry AS has a score of 10 for 2025, rank 4,097 of 4,183 in the sector.
Strongest: Profitability: percentile 17 against peers, operating margin −7.6% against a median of 4.9%.
Weakest: Solidity: percentile 0 against peers, equity ratio −17.7% against a median of 40.9%. Consistency: percentile 7 against peers.
Worth a closer look
- Equity is negative. How will it be rebuilt, and what do lenders and the auditor say about going concern? Based on: equity ratio −17.7% (median 40.9%).
- Consider strengthening liquidity: current liabilities are 1.2 times current assets. Based on: current ratio 0.82 (median 1.66).
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin −7.7% (median 4.8%).
- What lies behind weak solidity, 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?
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 Smart Industry AS. The figures stand side by side; we claim no cause.
Turnover index: architectural and engineering activities (indeks (2021 = 100))
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Turnover index: architectural and engineering activities, annual average | 99.0 | 108.8 | 127.9 | 146.4 | 158.3 | 155.2 (so far) |
| Change from the year before | +9.8% | +9.9% | +17.5% | +14.5% | +8.1% | −1.9% |
| The company's operating margin | – | – | – | – | −7.6% | – |
Source: SSB (13863, CC BY 4.0). Source
Turnover index: advertising and market research (indeks (2021 = 100))
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Turnover index: advertising and market research, annual average | 99.4 | 113.5 | 108.3 | 106.9 | 110.7 | 126.1 (so far) |
| Change from the year before | +35.1% | +14.2% | −4.6% | −1.3% | +3.6% | +13.9% |
| The company's operating margin | – | – | – | – | −7.6% | – |
Source: SSB (13863, CC BY 4.0). Source
Turnover index: other professional and technical activities (indeks (2021 = 100))
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Turnover index: other professional and technical activities, annual average | 98.3 | 121.6 | 139.4 | 131.0 | 139.1 | 158.0 (so far) |
| Change from the year before | +29.9% | +23.7% | +14.6% | −6.0% | +6.2% | +13.6% |
| The company's operating margin | – | – | – | – | −7.6% | – |
Source: SSB (13863, CC BY 4.0). Source
Service prices: architects and engineering (indeks (2021 = 100))
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Service prices: architects and engineering, annual average | 100.0 | 103.6 | 107.5 | 111.2 | 114.7 | 119.4 (so far) |
| Change from the year before | +1.2% | +3.5% | +3.8% | +3.4% | +3.2% | +4.2% |
| The company's operating margin | – | – | – | – | −7.6% | – |
Source: SSB (14335, CC BY 4.0). Source
Oil price (export price of crude oil) (kr per fat)
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Oil price (export price of crude oil), annual average | 609 | 979 | 877 | 859 | 708 | 881 (so far) |
| Change from the year before | +61.1% | +60.8% | −10.5% | −2.0% | −17.6% | +24.5% |
| The company's operating margin | – | – | – | – | −7.6% | – |
Source: SSB (08799, CC BY 4.0). Source
Policy rate (prosent)
| 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 | – | – | – | – | −7.6% | – |
Source: Norges Bank (IR, NLOD 2.0). Source
EUR/NOK (kr)
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| EUR/NOK, annual average | 10.16 | 10.10 | 11.42 | 11.62 | 11.72 | 11.04 (so far) |
| Change from the year before | −5.2% | −0.6% | +13.1% | +1.8% | +0.8% | −5.8% |
| The company's operating margin | – | – | – | – | −7.6% | – |
Source: Norges Bank (EXR, NLOD 2.0). Source
Wage index: architects and engineering (indeks)
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Wage index: architects and engineering, annual average | 90.5 | 90.9 | 96.0 | 100.9 | 105.6 | 109.2 (so far) |
| Change from the year before | +7.4% | +0.5% | +5.6% | +5.2% | +4.7% | +3.4% |
| The company's operating margin | – | – | – | – | −7.6% | – |
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
Smart Industry AS had an operating margin of −7.6% and an equity ratio of −17.7% in 2025, and ranks 4,097 of 4,183 in Teknisk tjenesteyting og forskning.
From 2024 to 2025: the equity ratio fell from 100.0% to −17.7%.
This text is generated automatically from the 2025 accounts.
Three simple methods
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 18.6 | not meaningful |
| EV/EBIT | 15.9 | not meaningful |
| P/B | 3.2 | not meaningful |
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
- critical
Equity is negative. How will it be rebuilt, and what do lenders and the auditor say about going concern?
Based on: Equity ratio −17.7% (median 40.9%).
- watch
Consider strengthening liquidity: current liabilities are 1.2 times current assets.
Based on: Current ratio 0.82 (median 1.66).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −7.7% (median 4.8%).
- 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 −7.6% (median 4.9%).
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
- critical Negative equity
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 | 17 | weight 30% |
|---|---|---|
| Solidity | 0 | weight 25% |
| Liquidity | 15 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 7 | weight 15% |
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is Smart Industry AS?
The operating margin was −7.6% in 2025, against a median of 4.9% among companies in the Morning class Micro in the same sector. Return on assets was −18.1%. The company made a loss before tax.
How solid is Smart Industry AS?
The equity ratio was −17.7% in 2025 (median 40.9%). Equity is negative, so liabilities exceed assets.
What is the liquidity of Smart Industry AS like?
The current ratio was 0.82 in 2025 (median 1.66). Current assets did not cover current liabilities.
How does Smart Industry AS compare in Teknisk tjenesteyting og forskning?
Smart Industry AS ranks 4,097 of 4,183 in Teknisk tjenesteyting og forskning for 2025. Among companies in the Morning class Micro it is number 2,077 of 2,127.
From the Central Coordinating Register
- Org. no.
- 933060357
- Legal form
- AS
- Sector
- Teknisk tjenesteyting og forskning (71.129)
- Morning company class
- Micro
- Employees
- 39 registered 10 October 2026
- Founded
- 15 March 2024 2 years in operation
- Share capital
- 0.03 MNOK
- Business address
- Jonstadveien 6, 5146 FYLLINGSDALEN (BERGEN)
- Municipality
- Bergen rank 8 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
- 6
- Largest owner
- 20.0% · top three 60.0%
- Split
- companies 60% · private persons 40% · foreign 20%
- K Gude Holding AS · 20.0%
- Torvund Holding AS · 19.6%
- L Partner AS · 19.6%
- Furelia 2 AS · 0.8%
- 2 private persons · 40.0%
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 · 2024–2025
| Key figure | 2024 | 2025 | Trend |
|---|---|---|---|
| Index | – | 10 | |
| Rank | – | 4,097 | |
| Operating margin | – | −7.6% | |
| Return on assets | −170.2% | −18.1% | |
| Equity ratio | 100.0% | −17.7% | |
| Current ratio | – | 0.82 | |
| Revenue growth | – | – |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2024 | 2025 |
|---|---|---|
| Operating revenue | – | 7.1 MNOK |
| Operating profit | 0.0 MNOK | −0.5 MNOK |
| Profit before tax | 0.0 MNOK | −0.5 MNOK |
| Tax expense | 0.0 MNOK | 0.0 MNOK |
| Net profit | 0.0 MNOK | −0.5 MNOK |
| Financial expenses | 0.0 MNOK | – |
| Total assets | 0.0 MNOK | 3.0 MNOK |
| Current assets | 0.0 MNOK | 2.9 MNOK |
| Equity | 0.0 MNOK | −0.5 MNOK |
| Retained earnings | 0.0 MNOK | −0.6 MNOK |
| Total liabilities | 0.0 MNOK | 3.6 MNOK |
| Current liabilities | – | 3.6 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 4 November 2026, accounts id 7017476.
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