Runtime 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 2024
58of 100
How to read this: the company is ahead of 67 % of companies in the Morning class Small in the same sector in 2024. What does this mean?
Rank in the Morning class Small: 407 of 1,230 · What are Morning company classes?
Place in the whole sector: 1,416 of 4,239 · Informasjon og kommunikasjon
Profile
Lion · Leader
High profitability, high resilience
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 61 and resilience 50 out of 100 among companies in the Morning class Small in the same sector in 2024. Methodology
Against the sector
Runtime AS is 7 points above the median for companies in the Morning class Small in the same sector in 2024.
Median score 51 among 1,230 companies.
Against companies in the Morning class Small in the same sector in 2024: operating margin 5.4% (median 4.9%) and equity ratio 33.1% (median 34.4%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 13 MNOK | 21 MNOK |
| Operating margin | 5.4% | 4.9% |
| Profit margin | 5.7% | 5.0% |
| Return on assets | 21.7% | 9.7% |
| Equity ratio | 33.1% | 34.4% |
| Debt-to-equity | 2.02 | 1.65 |
| Current ratio | 1.47 | 1.34 |
| Revenue growth | 11.3% | 7.9% |
| Revenue per employee | 2.56 MNOK | 1.89 MNOK |
The median and “ahead of” refer to companies in the Morning class Small in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
With an index of 58, Runtime AS does better than 67% of companies in the Morning class Small in the same sector (1,230 companies) in 2024.
Score 2023–2025
- Runtime AS
- Median: companies in the Morning class Small in the same sector
Working capital and debt
The accounts for 2024 lack the figures needed: revenue, current assets, current liabilities, debt or financial costs.
What the numbers say
Runtime AS had an operating margin of 5.4% and an equity ratio of 33.1% in 2024, and ranks 1,416 of 4,239 in Informasjon og kommunikasjon.
From 2023 to 2024: the operating margin rose from −0.2% to 5.4% and revenue grew by 11%.
This text is generated automatically from the 2024 accounts.
Three simple methods
The methods give between 2 MNOK and 6 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 18.0 | 3 MNOK |
| EV/EBIT | 14.9 | 6 MNOK |
| P/B | 3.6 | 2 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) | −2 MNOK |
| Equity value | 6 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. Net debt is −78% of the enterprise value after the size adjustment, so the equity value from EV/EBIT is sensitive to errors in the debt figure.
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 multiples are from the listed industry that matches the NACE code (62): Computer Services.
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
No rules were triggered for this year.
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 0.3% of the debt in 2024. The policy rate averaged 4.50 % 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 | 61 | weight 40% |
|---|---|---|
| Solidity | 46 | weight 20% |
| Liquidity | 57 | weight 5% |
| Growth | 63 | weight 25% |
| Consistency | 56 | weight 10% |
Three goals: profitability 40%, growth 25%, resilience 35%. Why these weights?
Durability: 50 (average over 2 years)
Index version 3. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Runtime AS?
The operating margin was 5.4% in 2024, against a median of 4.9% among companies in the Morning class Small in the same sector. Return on assets was 21.7%.
How solid is Runtime AS?
The equity ratio was 33.1% in 2024 (median 34.4%). Debt-to-equity was 2.02 (median 1.65).
What is the liquidity of Runtime AS like?
The current ratio was 1.47 in 2024 (median 1.34).
How does Runtime AS compare in Informasjon og kommunikasjon?
Runtime AS ranks 1,416 of 4,239 in Informasjon og kommunikasjon for 2024. Among companies in the Morning class Small it is number 407 of 1,230. Revenue changed by 11.3% from the year before.
From the Central Coordinating Register
- Org. no.
- 952944770
- Legal form
- AS
- Sector
- Informasjon og kommunikasjon (62.200)
- Morning company class
- Small
- Employees
- 5 registered 10 April 2024
- Founded
- 30 August 1989 37 years in operation
- Share capital
- 0.07 MNOK
- Business address
- Schweigaards gate 10, 0185 OSLO
- Municipality
- Oslo rank 63–220 of 357 in Norway
- 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 3 November 2026. Only names are shown.
Shareholders (2025)
- Number of shareholders
- 6 (one owner holds more than half)
- Largest owner
- 59.9% · top three 97.7%
- Split
- companies 8% · private persons 92% · foreign 0%
- Owned from the same municipality
- 98%
- Owners over 60
- 0% of the shares held by persons (median age 47)
- Group chain
- Ultimate owner: private person
- Runtime AS · 7.8%
- 5 private persons · 92.2%
Change 2007–2025:
98% of the shares changed owner (3 new and 4 departed owners). The majority owner changed.
New owners (companies): Runtime AS
Holds shares in: Storebrand ASA (0%), Runtime AS (8%)
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 · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 42 | 58 | 60 | |
| Rank | 2,575 | 1,416 | 1,220 | |
| Operating margin | −0.2% | 5.4% | 6.3% | |
| Return on assets | 0.5% | 21.7% | 24.3% | |
| Equity ratio | 37.4% | 33.1% | 36.3% | |
| Current ratio | 1.51 | 1.47 | 1.57 | |
| Revenue growth | – | 11.3% | 17.9% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 11.5 MNOK | 12.8 MNOK | 15.1 MNOK |
| Operating profit | 0.0 MNOK | 0.7 MNOK | 1.0 MNOK |
| Profit before tax | 0.0 MNOK | 0.7 MNOK | 1.0 MNOK |
| Tax expense | 0.0 MNOK | 0.2 MNOK | 0.2 MNOK |
| Net profit | 0.0 MNOK | 0.5 MNOK | 0.8 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Total assets | 2.9 MNOK | 3.4 MNOK | 4.1 MNOK |
| Current assets | 2.7 MNOK | 3.3 MNOK | 4.1 MNOK |
| Equity | 1.1 MNOK | 1.1 MNOK | 1.5 MNOK |
| Retained earnings | 1.0 MNOK | 1.1 MNOK | 1.4 MNOK |
| Total liabilities | 1.8 MNOK | 2.3 MNOK | 2.6 MNOK |
| Current liabilities | 1.8 MNOK | 2.3 MNOK | 2.6 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 8 November 2026, accounts id 5977455.
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