Devico AS
Score · fiscal year 2025
90of 100
How to read this: the company is ahead of 100 % of companies in the Morning class Medium in the same sector in 2025. What does this mean?
Rank in the Morning class Medium: 1 of 271 · What are Morning company classes?
Place in the whole sector: 7 of 2,595 · Teknisk tjenesteyting og forskning
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 97 and solidity 99 out of 100 among companies in the Morning class Medium in the same sector in 2025. Methodology
Against the sector
Devico AS is 39 points above the median for companies in the Morning class Medium in the same sector in 2025.
Median score 51 among 271 companies.
Against companies in the Morning class Medium in the same sector in 2025: operating margin 46.5% (median 5.1%) and equity ratio 88.3% (median 33.8%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 316 MNOK | 126 MNOK |
| Operating margin | 46.5% | 5.1% |
| Profit margin | 50.0% | 5.4% |
| Return on assets | 45.8% | 12.5% |
| Equity ratio | 88.3% | 33.8% |
| Debt-to-equity | 0.13 | 1.92 |
| Current ratio | 4.49 | 1.30 |
| Revenue growth | 31.8% | 9.6% |
| Revenue per employee | 5.45 MNOK | 2.39 MNOK |
The median and “ahead of” refer to companies in the Morning class Medium in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 90, Devico AS does better than 100% of companies in the Morning class Medium in the same sector (271 companies) in 2025.
Score 2023–2025
- Devico AS
- Median: companies in the Morning class Medium in the same sector
Devico AS has a score of 90 for 2025, rank 7 of 2,595 in the sector.
Strongest: Solidity: percentile 99 against peers, equity ratio 88.3% against a median of 33.8%. Liquidity: percentile 97 against peers, current ratio 4.49 against a median of 1.30.
No area is clearly below its peers.
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
Devico AS had an operating margin of 46.5% and an equity ratio of 88.3% in 2025, and ranks 7 of 2,595 in Teknisk tjenesteyting og forskning.
From 2024 to 2025: the operating margin rose from 29.8% to 46.5% and the equity ratio rose from 65.0% to 88.3%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 318 MNOK and 1,270 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 1,270 MNOK |
| EV/EBIT | 8.0 | 1,180 MNOK |
| P/B | 1.0 | 318 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
- positive
Upper quartile on profitability, solidity and liquidity. What sets this company apart from the rest of the sector?
Based on: Operating margin 46.5% (median 5.1%); Equity ratio 88.3% (median 33.8%); Current ratio 4.49 (median 1.30).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 16.2% 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 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 | 97 | weight 30% |
|---|---|---|
| Solidity | 99 | weight 25% |
| Liquidity | 97 | weight 15% |
| Growth | 79 | weight 15% |
| Consistency | 64 | weight 15% |
Durability: 84 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Devico AS?
The operating margin was 46.5% in 2025, against a median of 5.1% among companies in the Morning class Medium in the same sector. Return on assets was 45.8%.
How solid is Devico AS?
The equity ratio was 88.3% in 2025 (median 33.8%). Debt-to-equity was 0.13 (median 1.92).
What is the liquidity of Devico AS like?
The current ratio was 4.49 in 2025 (median 1.30).
How does Devico AS compare in Teknisk tjenesteyting og forskning?
Devico AS ranks 7 of 2,595 in Teknisk tjenesteyting og forskning for 2025. Among companies in the Morning class Medium it is number 1 of 271. Revenue changed by 31.8% from the year before.
From the Central Coordinating Register
- Org. no.
- 947402633
- Legal form
- AS
- Sector
- Teknisk tjenesteyting og forskning (71.129)
- Morning company class
- Medium
- Employees
- 58 registered 10 October 2026
- Founded
- 2 May 1988 38 years in operation
- Share capital
- 1.63 MNOK
- Business address
- Industriveien 43A, 7080 HEIMDAL (TRONDHEIM)
- Municipality
- Trondheim rank 3 of 11 in KOSTRA group 12
- Latest accounts filed
- 2025
- LEI
- 254900R48Y4SGLITJ658 not renewed (lapsed)
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.
- Parent company
- Parent not reported
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 30 October 2026. The parent is the one the company itself reported to GLEIF.
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 2 November 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 88 | 73 | 90 | |
| Rank | 86 | 307 | 7 | |
| Operating margin | 28.0% | 29.8% | 46.5% | |
| Return on assets | 12.0% | 21.5% | 45.8% | |
| Equity ratio | 79.1% | 65.0% | 88.3% | |
| Current ratio | 4.72 | 1.07 | 4.49 | |
| Revenue growth | – | 113.0% | 31.8% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 112.5 MNOK | 239.7 MNOK | 315.9 MNOK |
| Operating profit | 31.5 MNOK | 71.4 MNOK | 147.1 MNOK |
| Profit before tax | 39.1 MNOK | 86.2 MNOK | 158.1 MNOK |
| Net profit | 30.9 MNOK | 71.5 MNOK | 127.0 MNOK |
| Financial expenses | 8.0 MNOK | 6.6 MNOK | 6.9 MNOK |
| Total assets | 394.1 MNOK | 432.5 MNOK | 360.3 MNOK |
| Current assets | 202.4 MNOK | 161.5 MNOK | 190.0 MNOK |
| Equity | 311.8 MNOK | 281.3 MNOK | 318.0 MNOK |
| Retained earnings | 276.5 MNOK | 246.0 MNOK | 282.7 MNOK |
| Total liabilities | 82.3 MNOK | 151.2 MNOK | 42.3 MNOK |
| Current liabilities | 42.9 MNOK | 151.2 MNOK | 42.3 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 2 November 2026, accounts id 6337767.
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