Sufflør 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
17of 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: 1,199 of 1,279 · What are Morning company classes?
Place in the whole sector: 1,740 of 1,846 · Kultur og fritid
Profile
Beaver · Builder
Lower profitability, lower resilience
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 5 and resilience 8 out of 100 among companies in the Morning class Micro in the same sector in 2025. Methodology
Against the sector
Sufflør AS is 33 points below the median for companies in the Morning class Micro in the same sector in 2025.
Median score 50 among 1,276 companies.
Against companies in the Morning class Micro in the same sector in 2025: operating margin −33.1% (median 4.1%) and equity ratio −12.8% (median 34.4%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 1 MNOK | 3 MNOK |
| Operating margin | −33.1% | 4.1% |
| Profit margin | −35.7% | 3.5% |
| Return on assets | −48.9% | 8.2% |
| Equity ratio | −12.8% | 34.4% |
| Debt-to-equity | – | 1.19 |
| Current ratio | 0.44 | 1.45 |
| Revenue growth | 90.4% | 4.8% |
| Revenue per employee | 0.21 MNOK | 0.35 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 17, Sufflør AS does better than 6% of companies in the Morning class Micro in the same sector (1,279 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.
Sufflør AS has a score of 17 for 2025, rank 1,740 of 1,846 in the sector.
Strongest: Growth: percentile 47 against peers, revenue growth 90.4% against a median of 4.8%.
Weakest: Solidity: percentile 0 against peers, equity ratio −12.8% against a median of 34.4%. Profitability: percentile 5 against peers, operating margin −33.1% against a median of 4.1%.
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 −12.8% (median 34.4%).
- Consider strengthening liquidity: current liabilities are 2.3 times current assets. Based on: current ratio 0.44 (median 1.45).
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin −35.7% (median 3.5%).
- 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?
In 2025 the operating margin of Sufflør AS fell by 92.2 percentage points. Comparable companies rose by a median 0.4 points. So the company did 92.7 points weaker than the industry, for reasons of its own.
| Year | The company | Comparable (median) | Change, company | Change, industry | The company's own |
|---|---|---|---|---|---|
| 2025 | −33.1% | 4.1% | −92.2 percentage points | +0.4 percentage points | −92.7 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 Sufflør AS. The figures stand side by side; we claim no cause.
Consumer price index (indeks (2025 = 100))
Consumer price index rose 3.0% in 2025; the operating margin of Sufflør AS fell 92.2 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 | – | – | – | 59.1% | −33.1% | – |
Source: SSB (14710, CC BY 4.0). Source
Policy rate (prosent)
Policy rate fell 0.20 percentage points in 2025; the operating margin of Sufflør AS fell 92.2 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 | – | – | – | 59.1% | −33.1% | – |
Source: Norges Bank (IR, NLOD 2.0). Source
Wage index: sports and recreation (indeks)
Wage index: sports and recreation rose 6.7% in 2025; the operating margin of Sufflør AS fell 92.2 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Wage index: sports and recreation, annual average | 84.2 | 89.2 | 94.0 | 98.8 | 105.5 | 112.7 (so far) |
| Change from the year before | +2.0% | +6.0% | +5.4% | +5.2% | +6.7% | +6.8% |
| The company's operating margin | – | – | – | 59.1% | −33.1% | – |
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
Sufflør AS had an operating margin of −33.1% and an equity ratio of −12.8% in 2025, and ranks 1,740 of 1,846 in Kultur og fritid.
From 2024 to 2025: the operating margin fell from 59.1% to −33.1% and the equity ratio fell from 61.1% to −12.8%.
This text is generated automatically from the 2025 accounts.
Three simple methods
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 21.1 | not meaningful |
| EV/EBIT | 19.9 | not meaningful |
| P/B | 3.3 | not meaningful |
The NACE code has no listed industry of its own in the table, so the multiples are the sector median: Recreation.
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
- critical
Equity is negative. How will it be rebuilt, and what do lenders and the auditor say about going concern?
Based on: Equity ratio −12.8% (median 34.4%).
- critical
Consider strengthening liquidity: current liabilities are 2.3 times current assets.
Based on: Current ratio 0.44 (median 1.45).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −35.7% (median 3.5%).
- 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 −33.1% (median 4.1%).
- watch
Strong growth with weak liquidity. Is the growth financed, or does it tie up capital the company does not have?
Based on: Revenue growth 90.4% (median 4.8%); Current ratio 0.44 (median 1.45).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 3.5% 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
- critical Negative equity
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 −5.4%. 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 | 5 | weight 40% |
|---|---|---|
| Solidity | 0 | weight 20% |
| Liquidity | 12 | weight 5% |
| Growth | 47 | weight 25% |
| Consistency | 20 | 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 Sufflør AS?
The operating margin was −33.1% in 2025, against a median of 4.1% among companies in the Morning class Micro in the same sector. Return on assets was −48.9%. The company made a loss before tax.
How solid is Sufflør AS?
The equity ratio was −12.8% in 2025 (median 34.4%). Equity is negative, so liabilities exceed assets.
What is the liquidity of Sufflør AS like?
The current ratio was 0.44 in 2025 (median 1.45). Current assets did not cover current liabilities.
How does Sufflør AS compare in Kultur og fritid?
Sufflør AS ranks 1,740 of 1,846 in Kultur og fritid for 2025. Among companies in the Morning class Micro it is number 1,199 of 1,279. Revenue changed by 90.4% 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.
| Company | Profile | Operating revenue | Operating margin | Score |
|---|---|---|---|---|
| Rubberface Productions AS · same municipality |  Elephant |
1 MNOK | −3.2% | 32 |
| Raggamuffin AS · same municipality |  Beaver |
1 MNOK | −10.1% | 20 |
| Hverdager AS |  Cheetah |
1 MNOK | 3.8% | 55 |
| Jones Sceneteknikk AS · same municipality | Beaver |
1 MNOK | 2.0% | 45 |
| Norway Media AS |  Lion |
1 MNOK | 6.6% | 59 |
| Sufflør AS (this company) | Beaver |
1 MNOK | −33.1% | 17 |
| Alpha Event AS · same municipality | Beaver |
1 MNOK | −25.0% | 34 |
| Gauldalsrock AS | Beaver |
1 MNOK | −36.4% | 5 |
| RK Maling og Event AS | Lion |
1 MNOK | 7.8% | 50 |
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
2 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.
Korn Ventures 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
- Kultur og fritid (2 companies) 2 of 2 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
- 5 in all. Oslo 5 Registered employees in the Central Coordinating Register, by the municipality of the business address. Employees may work elsewhere.
- Negative equity
- 1 company: Sufflør AS
- Loss
- 2 companies: Sufflør AS, Korn Ventures 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.
-
Korn Ventures AS
- Sufflør AS you are here
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.
- 933163091
- Legal form
- AS
- Sector
- Kultur og fritid (90.390)
- Morning company class
- Micro
- Employees
- 5 registered 10 February 2026
- Founded
- 13 February 2024 2 years in operation
- Share capital
- 0.03 MNOK
- Business address
- Sørkedalsveien 8A, 0369 OSLO
- Municipality
- Oslo rank 63–220 of 357 in Norway
- Audit
- Audit opted out from 13 March 2024
- 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: Korn Ventures AS (100%)
Ultimate owner: Korn Ventures AS
The owner: the majority owner Korn Ventures 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.
- Korn Ventures 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 · 2024–2025
| Key figure | 2024 | 2025 | Trend |
|---|---|---|---|
| Index | – | 17 | |
| Rank | – | 1,740 | |
| Operating margin | 59.1% | −33.1% | |
| Return on assets | 70.1% | −48.9% | |
| Equity ratio | 61.1% | −12.8% | |
| Current ratio | 2.57 | 0.44 | |
| Revenue growth | – | 90.4% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2024 | 2025 |
|---|---|---|
| Operating revenue | 0.6 MNOK | 1.1 MNOK |
| Operating profit | 0.3 MNOK | −0.3 MNOK |
| Profit before tax | 0.3 MNOK | −0.4 MNOK |
| Tax expense | 0.1 MNOK | 0.0 MNOK |
| Net profit | 0.3 MNOK | −0.4 MNOK |
| Financial expenses | – | 0.0 MNOK |
| Total assets | 0.5 MNOK | 0.7 MNOK |
| Current assets | 0.5 MNOK | 0.4 MNOK |
| Equity | 0.3 MNOK | −0.1 MNOK |
| Retained earnings | 0.3 MNOK | −0.1 MNOK |
| Total liabilities | 0.2 MNOK | 0.8 MNOK |
| Current liabilities | 0.2 MNOK | 0.8 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 8 November 2026, accounts id 6735882.
Further
Similar companies
- Underground Golf Drammen AS index 17, rank 1,736 · compare
- Stereo Produksjoner AS index 17, rank 1,737 · compare
- Roars Gym AS index 17, rank 1,739 · compare
- Østern Brug Ridesenter AS index 17, rank 1,741 · compare
- Kvääniteatteri AS index 16, rank 1,742 · compare