Push Norge 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
Key facts
Is the company run well?
Five key figures against companies in the Morning class Small in the same sector. Green is better than most, amber about like the industry and red weaker than most.
- Profitability · operating margin 6.8% About like the industry Industry: 5.3%
- Returns · return on assets 30.3% Better than the industry Industry: 9.9%
- Solidity · equity ratio 24.3% Weaker than the industry Industry: 34.5%
- Liquidity · current ratio 1.00 Weaker than the industry Industry: 1.34
The mark comes from the company's place among comparable companies (percentile): green from 60, amber from 40, red below 40. Negative equity, an operating loss and a current ratio under 1 pull it down regardless. Methodology
Score · fiscal year 2025
51of 100
How to read this: the company is ahead of 50 % of companies in the Morning class Small in the same sector in 2025. What does this mean?
Rank in the Morning class Small: 768 of 1,532 · What are Morning company classes?
Place in the whole sector: 3,639 of 7,318 · Informasjon og kommunikasjon
Profile
Cheetah · Sprinter
High profitability, lower resilience
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 68 and resilience 31 out of 100 among companies in the Morning class Small in the same sector in 2025. Methodology
Against the sector
Push Norge AS is at the median for companies in the Morning class Small in the same sector in 2025.
Median score 51 among 1,531 companies.
Against companies in the Morning class Small in the same sector in 2025: operating margin 6.8% (median 5.3%) and equity ratio 24.3% (median 34.5%).
How it has gone · 2024–2025
Revenue rose from 0.0 MNOK in 2024 to 11.0 MNOK in 2025. The equity ratio fell from 73.6% in 2024 to 24.3% in 2025.
Amounts in the reporting currency. The full year-by-year table is further down under «Details». See every figure year by year
Accounts in short
| Key figure | 2024 | 2025 |
|---|---|---|
| Operating revenue | 0.0 MNOK | 11.0 MNOK |
| Operating profit | 0.0 MNOK | 0.7 MNOK |
| Net profit | 0.0 MNOK | 0.6 MNOK |
| Total assets | 0.0 MNOK | 2.6 MNOK |
| Equity | 0.0 MNOK | 0.6 MNOK |
| Total liabilities | 0.0 MNOK | 1.9 MNOK |
From the Brønnøysund Register Centre, in the company's reporting currency (NOK). See every figure year by year
From the Central Coordinating Register
- Org. no.
- 934772180
- Legal form
- AS
- Sector
- Informasjon og kommunikasjon (59.110)
- Purpose
- Salg av tjenester innen film- og TV-produksjon.
- Morning company class
- Small
- Employees
- 0–4 (not registered) Payroll costs in the accounts: 3.3 MNOK (2025).
- Founded
- 25 November 2024 1 years in operation
- Share capital
- 0.03 MNOK
- Business address
- Stockfleths gate 38, 0461 OSLO
- Municipality
- Oslo rank 63–220 of 357 in Norway
- Latest accounts filed
- 2025
- VAT registered
- Yes
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
Push Norge AS has a score of 51 for 2025, rank 3,639 of 7,318 in the sector.
Strongest: Profitability: percentile 68 against peers, operating margin 6.8% against a median of 5.3%.
Weakest: Liquidity: percentile 24 against peers, current ratio 1.00 against a median of 1.34. Consistency: percentile 30 against peers.
Worth a closer look
- Current liabilities exceed current assets other than bank deposits, and the current ratio is weak. Is it customer prepayments and supplier credit that fund the operations, or short-term loans that must be renewed? Based on: net working capital to revenue −3.5% (median −7.8%); current ratio 1.00 (median 1.34).
- What lies behind weak liquidity, 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
Worth a closer look
- watch
Current liabilities exceed current assets other than bank deposits, and the current ratio is weak. Is it customer prepayments and supplier credit that fund the operations, or short-term loans that must be renewed?
Based on: Net working capital to revenue −3.5% (median −7.8%); Current ratio 1.00 (median 1.34).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 0.4% 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 | 68 | weight 40% |
|---|---|---|
| Solidity | 34 | weight 20% |
| Liquidity | 24 | weight 5% |
| Growth | – | no data, left out |
| Consistency | 30 | 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.
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 11 MNOK | 20 MNOK |
| Operating margin | 6.8% | 5.3% |
| Profit margin | 7.0% | 5.5% |
| Return on assets | 30.3% | 9.9% |
| Equity ratio | 24.3% | 34.5% |
| Debt-to-equity | 3.11 | 1.61 |
| Current ratio | 1.00 | 1.34 |
| Revenue growth | – | 7.7% |
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 51, Push Norge AS does better than 50% of companies in the Morning class Small in the same sector (1,532 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
| Measure | Company | Median | |
|---|---|---|---|
| Working capital | |||
| Receivable days All current receivables, including those on group companies, in days of revenue. |
52 days | 73 days | |
| Inventory and other current assets, days Current assets other than receivables and bank deposits, that is inventory and short-term investments, in days of revenue. |
0 days | 0 days | |
| Net working capital to revenue Current assets less bank deposits less current liabilities, divided by revenue. Negative: short-term debt funds the operations. |
−3.5% | −7.8% | |
| Cash share of current assets How much of the short-term buffer is bank deposits and cash. |
19.7% | 43.2% | |
| Debt and interest burden | |||
| Interest coverage (times) Operating result divided by all financial costs. Below 1: operations do not cover the cost of the debt. |
86.9 | 7.9 | |
| Financial costs as a share of debt All financial costs (interest, currency losses and other) divided by all debt, interest-free debt included. Not an interest rate. |
0.4% | 1.2% | |
| Long-term share of debt Long-term debt as a share of all debt. A low share means more falls due within a year. |
– | 13.9% | |
Net working capital (current assets less bank deposits less current liabilities): −0.4 MNOK.
Of the financial costs of 0.0 MNOK, 0.0 MNOK is reported as interest costs in the accounts.
The median and the bar refer to companies in the Morning class Small in the same sector in 2025. The bar shows the share of the group with a lower figure: higher is not always better, long receivable days tie up capital, for example. These figures do not count in the score.
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 Push Norge AS. The figures stand side by side; we claim no cause.
Service prices: information and communication (indeks (2021 = 100))
| 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 | – | – | – | – | 6.8% | – |
Source: SSB (14335, CC BY 4.0). Source
Turnover index: information and communication (indeks (2021 = 100))
| 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 | – | – | – | – | 6.8% | – |
Source: SSB (13863, CC BY 4.0). Source
USD/NOK (kr)
| 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 | – | – | – | – | 6.8% | – |
Source: Norges Bank (EXR, NLOD 2.0). 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 | – | – | – | – | 6.8% | – |
Source: Norges Bank (IR, NLOD 2.0). Source
Consumer price index (indeks (2025 = 100))
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Consumer price index, annual average | 84.3 | 89.2 | 94.1 | 97.0 | 100.0 | 103.0 (so far) |
| Change from the year before | +3.5% | +5.8% | +5.5% | +3.2% | +3.0% | +3.0% |
| The company's operating margin | – | – | – | – | 6.8% | – |
Source: SSB (14710, CC BY 4.0). Source
Wage index: IT services (indeks)
| 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 | – | – | – | – | 6.8% | – |
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
Push Norge AS had an operating margin of 6.8% and an equity ratio of 24.3% in 2025, and ranks 3,639 of 7,318 in Informasjon og kommunikasjon.
From 2024 to 2025: the equity ratio fell from 73.6% to 24.3%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 1 MNOK and 4 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 17.7 | 3 MNOK |
| EV/EBIT | 14.3 | 4 MNOK |
| P/B | 2.6 | 1 MNOK |
| EV/EBIT: from enterprise value to equity | NOK |
|---|---|
| Enterprise value (EV) at the listed multiple | 5 MNOK |
| Enterprise value after the size adjustment | 3 MNOK |
| Less net debt (rough figure) | 0 MNOK |
| Equity value | 4 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 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 NACE code has no listed industry of its own in the table, so the multiples are the sector median: Software (System & Application), Computer Services, Telecom. Services, Publishing & Newspapers.
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
Questions and answers
How profitable is Push Norge AS?
The operating margin was 6.8% in 2025, against a median of 5.3% among companies in the Morning class Small in the same sector. Return on assets was 30.3%.
How solid is Push Norge AS?
The equity ratio was 24.3% in 2025 (median 34.5%). Debt-to-equity was 3.11 (median 1.61).
What is the liquidity of Push Norge AS like?
The current ratio was 1.00 in 2025 (median 1.34).
How does Push Norge AS compare in Informasjon og kommunikasjon?
Push Norge AS ranks 3,639 of 7,318 in Informasjon og kommunikasjon for 2025. Among companies in the Morning class Small it is number 768 of 1,532.
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 |
|---|---|---|---|---|
| Film in Norway AS · same municipality |  Elephant |
12 MNOK | 1.4% | 62 |
| Medieoperatørene AS · same municipality |  Beaver |
12 MNOK | −7.9% | 13 |
| Madspusseropp AS |  Lion |
12 MNOK | 36.9% | 72 |
| 74 Celler AS | Beaver |
11 MNOK | 0.0% | 35 |
| Push Norge AS (this company) |  Cheetah |
11 MNOK | 6.8% | 51 |
| All Entertainment AS | Lion |
11 MNOK | 4.3% | 57 |
| Catapult Film AS | Lion |
11 MNOK | 5.9% | 55 |
| Media Service AS | Lion |
10 MNOK | 20.2% | 60 |
| Glitch Studios AS | Beaver |
10 MNOK | −12.4% | 24 |
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
4 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 Push Holding AS.
Push Holding 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
- Informasjon og kommunikasjon (3 companies), Handel (1 company) 4 of 4 companies in the tree have accounts with us. Sectors are sorted by the companies' own revenue, which includes sales between the group's companies.
- Negative equity
- 1 company: Push Holding AS
- Loss
- 2 companies: Push Media AS, Push Holding AS
- Changed 2024–2025
- 1 company joined the group: Kanjo-3 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.
-
Push Holding AS
- Push Norge AS you are here
- Push Media AS
- Kanjo-3 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.
Ownership and roles
Loading roles …
Source: Central Coordinating Register, fetched 6 November 2026. Only names are shown.
Shareholders (2025)
- Number of shareholders
- 2 (one owner holds more than half)
- Largest owner
- 85.0%
- Split
- companies 85% · private persons 15% · foreign 0%
- Owned from the same municipality
- 15%
- Group chain
-
Owned by: Push Holding AS (85%)
Ultimate owner: Push Holding AS
The owner: the majority owner Push Holding AS (holds 85%) had negative equity in 2025. 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.
- Push Holding AS · 85.0%
- 1 private persons · 15.0%
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 9 November 2026.
Year by year · 2024–2025
| Key figure | 2024 | 2025 | Trend |
|---|---|---|---|
| Index | – | 51 | |
| Rank | – | 3,639 | |
| Operating margin | – | 6.8% | |
| Return on assets | 0.0% | 30.3% | |
| Equity ratio | 73.6% | 24.3% | |
| Current ratio | 3.78 | 1.00 | |
| Revenue growth | – | – |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2024 | 2025 |
|---|---|---|
| Operating revenue | 0.0 MNOK | 11.0 MNOK |
| Operating profit | 0.0 MNOK | 0.7 MNOK |
| Profit before tax | 0.0 MNOK | 0.8 MNOK |
| Tax expense | 0.0 MNOK | 0.2 MNOK |
| Net profit | 0.0 MNOK | 0.6 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK |
| Total assets | 0.0 MNOK | 2.6 MNOK |
| Current assets | 0.0 MNOK | 1.9 MNOK |
| Equity | 0.0 MNOK | 0.6 MNOK |
| Retained earnings | 0.0 MNOK | 0.6 MNOK |
| Total liabilities | 0.0 MNOK | 1.9 MNOK |
| Current liabilities | 0.0 MNOK | 1.9 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 9 November 2026, accounts id 6542841.
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