Spiren A/S
Score · fiscal year 2025
43of 100
How to read this: the company is ahead of 37 % of companies in the Morning class Micro in the same sector in 2025. What does this mean?
Rank in the Morning class Micro: 7,087 of 11,289 · What are Morning company classes?
Place in the whole sector: 14,594 of 22,952 · Handel
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 24 and solidity 60 out of 100 among companies in the Morning class Micro in the same sector in 2025. Methodology
Against the sector
Spiren A/S is 7 points below the median for companies in the Morning class Micro in the same sector in 2025.
Median score 50 among 11,286 companies.
Against companies in the Morning class Micro in the same sector in 2025: operating margin −2.5% (median 2.6%) and equity ratio 50.4% (median 33.5%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 2 MNOK | 4 MNOK |
| Operating margin | −2.5% | 2.6% |
| Profit margin | −3.9% | 2.1% |
| Return on assets | −8.0% | 6.1% |
| Equity ratio | 50.4% | 33.5% |
| Debt-to-equity | 0.98 | 1.25 |
| Current ratio | 1.82 | 1.74 |
| Revenue growth | −1.3% | 4.0% |
| Revenue per employee | 0.23 MNOK | 0.76 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 43, Spiren A/S does better than 37% of companies in the Morning class Micro in the same sector (11,289 companies) in 2025.
Score 2023–2025
- Spiren A/S
- Median: companies in the Morning class Micro in the same sector
Spiren A/S has a score of 43 for 2025, rank 14,594 of 22,952 in the sector.
Strongest: Solidity: percentile 60 against peers, equity ratio 50.4% against a median of 33.5%.
Weakest: Profitability: percentile 24 against peers, operating margin −2.5% against a median of 2.6%. Growth: percentile 36 against peers, revenue growth −1.3% against a median of 4.0%.
Worth a closer look
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin −3.9% (median 2.1%).
- What lies behind weak profitability, and will it last?
- What lies behind weak growth, 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
What the numbers say
Spiren A/S had an operating margin of −2.5% and an equity ratio of 50.4% in 2025, and ranks 14,594 of 22,952 in Handel.
From 2024 to 2025: went from a profit to a loss before tax and the equity ratio fell from 68.6% to 50.4%.
This text is generated automatically from the 2025 accounts.
Three simple methods
One method gives a figure: 0 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 0 MNOK |
A mechanical estimate from public accounts, not advice. Mechanical estimate from public accounts with fixed multiples. Not a valuation and not advice to buy or sell. The multiples are provisional default values and must be adjusted per sector before the figures are used for anything. 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 −3.9% (median 2.1%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 8.6% 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 2022, the sector's weakest year, for this company.
The sector's weakest year was 2022, with a median operating margin of 1.5%. Based on the 11 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 24 | weight 30% |
|---|---|---|
| Solidity | 60 | weight 25% |
| Liquidity | 52 | weight 15% |
| Growth | 36 | weight 15% |
| Consistency | 51 | weight 15% |
Durability: 53 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Spiren A/S?
The operating margin was −2.5% in 2025, against a median of 2.6% among companies in the Morning class Micro in the same sector. Return on assets was −8.0%. The company made a loss before tax.
How solid is Spiren A/S?
The equity ratio was 50.4% in 2025 (median 33.5%). Debt-to-equity was 0.98 (median 1.25).
What is the liquidity of Spiren A/S like?
The current ratio was 1.82 in 2025 (median 1.74).
How does Spiren A/S compare in Handel?
Spiren A/S ranks 14,594 of 22,952 in Handel for 2025. Among companies in the Morning class Micro it is number 7,087 of 11,289. Revenue changed by −1.3% from the year before.
From the Central Coordinating Register
- Org. no.
- 947035940
- Legal form
- AS
- Sector
- Handel (47.761)
- Morning company class
- Micro
- Employees
- 10 registered 10 August 2026
- Founded
- 21 April 1988 38 years in operation
- Share capital
- 0.03 MNOK
- Business address
- Berkåk, 7391 RENNEBU
- Municipality
- Rennebu rank 17–30 of 33 in KOSTRA group 5
- Audit
- Audit opted out from 2 July 2011
- 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
- Chief executive
- Mari Flatsetøy
- Chair of the board
- Mari Flatsetøy
- Board member
- Rasmus Trøite
- Accountant
- Sparebank 1 Regnskapshuset Smn AS
Source: Central Coordinating Register, fetched 29 October 2026. Only names are shown.
Owners and shareholdings will appear here once the shareholder data extract is in place.
Coming · not built yet
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 28 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 58 | 59 | 43 | |
| Rank | 7,786 | 7,386 | 14,594 | |
| Operating margin | 0.6% | 2.0% | −2.5% | |
| Return on assets | −2.9% | 7.3% | −8.0% | |
| Equity ratio | 61.2% | 68.6% | 50.4% | |
| Current ratio | 2.39 | 3.10 | 1.82 | |
| Revenue growth | – | −14.4% | −1.3% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 2.8 MNOK | 2.4 MNOK | 2.3 MNOK |
| Operating profit | 0.0 MNOK | 0.0 MNOK | −0.1 MNOK |
| Profit before tax | 0.0 MNOK | 0.0 MNOK | −0.1 MNOK |
| Net profit | 0.0 MNOK | 0.0 MNOK | −0.1 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Total assets | 0.7 MNOK | 0.7 MNOK | 0.7 MNOK |
| Current assets | 0.6 MNOK | 0.6 MNOK | 0.6 MNOK |
| Equity | 0.4 MNOK | 0.5 MNOK | 0.4 MNOK |
| Retained earnings | 0.4 MNOK | 0.4 MNOK | 0.3 MNOK |
| Total liabilities | 0.3 MNOK | 0.2 MNOK | 0.4 MNOK |
| Current liabilities | 0.3 MNOK | 0.2 MNOK | 0.3 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 28 October 2026, accounts id 6366123.
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