Accensus 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
Not enough data: Not enough data (below minimum revenue)
Based on the annual accounts for 2024
How it has gone · 2023–2025
Revenue is about the same: 0.6 MNOK in 2025 against 0.6 MNOK in 2023. The operating margin is about the same: 95.4% in 2025 against 95.9% in 2023. The equity ratio rose from 72.7% in 2023 to 88.3% in 2025.
Amounts in the reporting currency. The full year-by-year table is further down under «Details». See every figure year by year
Worth a closer look
- watch
Receivables equal far more days of revenue than at comparable companies. Do customers pay late, or are these loans to companies in the same group?
Based on: Receivable days 429 days (median 44 days).
- positive
Upper quartile on profitability, solidity and liquidity. What sets this company apart from the rest of the sector?
Based on: Operating margin 97.2% (median 46.9%); Equity ratio 75.3% (median 27.4%); Current ratio 6.25 (median 1.37).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 1.9% 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 2022, the sector's weakest year, for this company.
The sector's weakest year was 2022, with a median operating margin of 15.2%. Based on the 10 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 1 MNOK | 2 MNOK |
| Operating margin | 97.2% | 46.9% |
| Profit margin | 150.4% | 21.7% |
| Return on assets | 8.5% | 7.5% |
| Equity ratio | 75.3% | 27.4% |
| Debt-to-equity | 0.33 | 2.14 |
| Current ratio | 6.25 | 1.37 |
| Revenue growth | 0.0% | 4.9% |
The median and “ahead of” refer to companies in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
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. |
429 days | 44 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. |
5.8% | −12.9% | |
| Cash share of current assets How much of the short-term buffer is bank deposits and cash. |
83.2% | 53.5% | |
| 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. |
10.8 | 1.6 | |
| 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. |
1.9% | 5.2% | |
| Long-term share of debt Long-term debt as a share of all debt. A low share means more falls due within a year. |
76.1% | 83.2% | |
Net working capital (current assets less bank deposits less current liabilities): 0.0 MNOK.
Of the financial costs of 0.1 MNOK, 0.1 MNOK is reported as interest costs in the accounts.
The median and the bar refer to companies in the same sector in 2024. 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.
What the numbers say
Accensus AS had an equity ratio of 75.3% in 2024. The company is not ranked: not enough data (below minimum revenue).
No large changes in the key figures from 2023 to 2024.
This text is generated automatically from the 2024 accounts.
Three simple methods
The methods give between 4 MNOK and 12 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.5 | 12 MNOK |
| EV/EBIT | 19.2 | 8 MNOK |
| P/B | 0.7 | 4 MNOK |
| EV/EBIT: from enterprise value to equity | NOK |
|---|---|
| Enterprise value (EV) at the listed multiple | 11 MNOK |
| Enterprise value after the size adjustment | 7 MNOK |
| Less net debt (rough figure) | −1 MNOK |
| Equity value | 8 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 multiples are from the listed industry that matches the NACE code (68.2): R.E.I.T..
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 Accensus AS?
The operating margin was 97.2% in 2024, against a median of 46.9% among companies in the same sector. Return on assets was 8.5%.
How solid is Accensus AS?
The equity ratio was 75.3% in 2024 (median 27.4%). Debt-to-equity was 0.33 (median 2.14).
What is the liquidity of Accensus AS like?
The current ratio was 6.25 in 2024 (median 1.37).
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.
Private persons own 100% of the shares in Accensus AS. Persons are not shown by name.
Accensus 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
- Eiendom (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.
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Accensus 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.
- 960656628
- Legal form
- AS
- Sector
- Eiendom (68.200)
- Purpose
- Å investere i aksjer, andre finansielle investeringer herunder kunst samt eiendom og alt som dermed står i forbindelse denne type virksomhet. I tillegg kan selskapet utføre lovpålagte revisjonstjenester og andre tjenester som naturlig hører inn under en revisjonsvirksomhet.
- Morning company class
- Micro
- Employees
- 0–4 (not registered)
- Founded
- 1 January 1991 35 years in operation
- Share capital
- 0.32 MNOK
- Business address
- Utsikten alle 17, 7021 TRONDHEIM
- Municipality
- Trondheim rank 3 of 11 in KOSTRA group 12
- Latest accounts filed
- 2025
- VAT registered
- Yes
- Former names
- Vidar Tessem AS until 2006
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 7 November 2026. Only names are shown.
Shareholders (2025)
- Number of shareholders
- 1 (one owner)
- Largest owner
- 100.0%
- Split
- companies 0% · private persons 100% · foreign 0%
- Owned from the same municipality
- 100%
- Group chain
- Ultimate owner: private person
Change 2007–2025: no material change in the owners.
Majority owner of: Kingsinvest AS (100%)
Holds shares in: Kingsinvest AS (100%), E.K. Revisjon AS (33%)
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?
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Figures last fetched 9 November 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | – | – | – | |
| Rank | – | – | – | |
| Operating margin | 95.9% | 97.2% | 95.4% | |
| Return on assets | 25.9% | 8.5% | 49.7% | |
| Equity ratio | 72.7% | 75.3% | 88.3% | |
| Current ratio | 2.58 | 6.25 | 4.07 | |
| Revenue growth | – | 0.0% | 0.0% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 0.6 MNOK | 0.6 MNOK | 0.6 MNOK |
| Operating profit | 0.6 MNOK | 0.6 MNOK | 0.6 MNOK |
| Profit before tax | 3.3 MNOK | 0.9 MNOK | 7.4 MNOK |
| Tax expense | 0.2 MNOK | 0.2 MNOK | 0.2 MNOK |
| Net profit | 3.1 MNOK | 0.7 MNOK | 7.2 MNOK |
| Financial expenses | 0.1 MNOK | 0.1 MNOK | 0.0 MNOK |
| Total assets | 12.9 MNOK | 11.3 MNOK | 14.9 MNOK |
| Current assets | 5.5 MNOK | 4.2 MNOK | 3.0 MNOK |
| Equity | 9.4 MNOK | 8.5 MNOK | 13.2 MNOK |
| Retained earnings | 8.3 MNOK | 7.4 MNOK | 12.0 MNOK |
| Total liabilities | 3.5 MNOK | 2.8 MNOK | 1.7 MNOK |
| Current liabilities | 2.1 MNOK | 0.7 MNOK | 0.7 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 9 November 2026, accounts id 6245067.