Language:NO / EN

Windsim AS

Org. no. 967070513 · Tønsberg · Founded 1993 · 8 employees

Download report (PDF)Supplier assessmentCompetitor analysis

Score · fiscal year 2023

13of 100

How to read this: the company is ahead of 6 % of companies in the Morning class Micro in the same sector in 2023. What does this mean?

Rank in the Morning class Micro: 1,291 of 1,376 · What are Morning company classes?
Place in the whole sector: 2,952 of 3,115 · Informasjon og kommunikasjon

Profile

Beaver · Builder

Lower profitability, lower solidity

Position against comparable companies in 2023, not a verdict on the company. Based on profitability 8 and solidity 13 out of 100 among companies in the Morning class Micro in the same sector in 2023. Methodology

Against the sector

Windsim AS is 35 points below the median for companies in the Morning class Micro in the same sector in 2023.

Median score 48 among 1,375 companies.

Against companies in the Morning class Micro in the same sector in 2023: operating margin −133.4% (median 3.5%) and equity ratio 5.0% (median 39.8%).

Source: Register of Company Accounts and Central Coordinating RegisterFetched 6 November 2026Report an issue
Key figures · 2023

The numbers behind the score

The numbers behind the score · 2023
MeasureCompanyMedianAhead of
Operating revenue9 MNOK3 MNOK
Operating margin −133.4% 3.5% 7 %
Profit margin −167.7% 3.4% shown, not part of the index
Return on assets −53.2% 6.3% 9 %
Equity ratio 5.0% 39.8% 19 %
Debt-to-equity 18.95 1.14 7 %
Current ratio 0.44 1.51 9 %
Revenue growth – 4.6% not compared
Revenue per employee1.16 MNOK0.60 MNOK

The median and “ahead of” refer to companies in the Morning class Micro in the same sector in 2023. The bar shows the share of companies the figure is ahead of.

With an index of 13, Windsim AS does better than 6% of companies in the Morning class Micro in the same sector (1,376 companies) in 2023.

Over time

Score 2023–2025

CompanyMedian0255075100202320242025
  • Windsim AS
  • Median: companies in the Morning class Micro in the same sector
Analysis · 2023

What the numbers say

Windsim AS had an operating margin of −133.4% and an equity ratio of 5.0% in 2023, and ranks 2,952 of 3,115 in Informasjon og kommunikasjon.

This text is generated automatically from the 2023 accounts.

Estimated value · 2023

Three simple methods

One method gives a figure: 1 MNOK.

MethodInputMultipleListed basisEstimate
P/E Net profit: −19.5 MNOK 17.7 – not meaningful
EV/EBIT Operating profit: −12.4 MNOK 14.3 – not meaningful
P/B Equity: 1.1 MNOK 2.6 3 MNOK 1 MNOK

The listed basis is the value at listed multiples. The estimate is lowered by 51% for an unlisted company: 20% for lack of marketability and 38% for size (a small-company premium of 4% on the cost of equity).

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

Indications · 2023

Worth a closer look

  • critical

    Consider strengthening liquidity: current liabilities are 2.3 times current assets.

    Based on: Current ratio 0.44 (median 1.51).

  • watch

    The equity ratio is very low. Could the company absorb a bad year, and does it need more equity?

    Based on: Equity ratio 5.0% (median 39.8%).

  • watch

    The company made a loss before tax. Are these one-off items or a pattern?

    Based on: Profit margin −167.7% (median 3.4%).

  • watch

    The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors?

    Based on: Operating margin −133.4% (median 3.5%).

Indications based on the latest annual accounts from open data. Not investment or financial advice.

Financial costs were 15.9% of the debt in 2023. The policy rate averaged 3.54 % 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

  • watch Extreme margin: check the figures
Stress test · 2026

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

Components · 2023

What the score is made of

Profitability8 weight 30%
Solidity13 weight 25%
Liquidity9 weight 15%
Growth– no data, left out
Consistency29 weight 15%

Index version 2. Data completeness 85%: the share of the weights that had data.

2023

Questions and answers

How profitable is Windsim AS?

The operating margin was −133.4% in 2023, against a median of 3.5% among companies in the Morning class Micro in the same sector. Return on assets was −53.2%. The company made a loss before tax.

How solid is Windsim AS?

The equity ratio was 5.0% in 2023 (median 39.8%). Debt-to-equity was 18.95 (median 1.14).

What is the liquidity of Windsim AS like?

The current ratio was 0.44 in 2023 (median 1.51). Current assets did not cover current liabilities.

How does Windsim AS compare in Informasjon og kommunikasjon?

Windsim AS ranks 2,952 of 3,115 in Informasjon og kommunikasjon for 2023. Among companies in the Morning class Micro it is number 1,291 of 1,376.

From the Central Coordinating Register

Org. no.
967070513
Legal form
AS
Sector
Informasjon og kommunikasjon (58.290)
Morning company class
Micro
Employees
8 registered 10 July 2026
Founded
1 July 1993 33 years in operation
Share capital
0.23 MNOK
Business address
Tollbodgaten 22, 3111 TØNSBERG
Municipality
Tønsberg rank 2 of 10 in KOSTRA group 11
Latest accounts filed
2025
Website
www.windsim.com
The company's business municipality, Tønsberg. The map shows the municipality, not the address. Map source: Kartverket (CC BY 4.0).

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 1 November 2026. Only names are shown.

Shareholders (2025)

Number of shareholders
15
Largest owner
24.0% · top three 60.9%
Split
companies 99% · private persons 1% · foreign 0%
Owned from the same municipality
21%
Owners over 60
0% of the shares held by persons (median age 59)

Change 2007–2025: 100% of the shares changed owner (15 new and 2 departed owners). The majority owner changed.
New owners (companies): Flø Holding AS, Forbis AS, Geogroup AS, Inspirida AS, Lemica AS
Departed (companies): Sarsia Seed AS, Vector AS

Holds shares in: Windsim AS (0%)

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.

Report an issue

Figures last fetched 6 November 2026.

Details

Year by year · 2023–2025

Key figure202320242025Trend
Index13328
Rank2,9522,6893,270
Operating margin−133.4%2.3%−181.3%
Return on assets−53.2%2.2%−187.5%
Equity ratio5.0%5.2%3.5%
Current ratio0.440.180.53
Revenue growth–52.5%−15.7%

Accounts

From the Brønnøysund Register Centre, in the company's reporting currency (NOK).

Key figure202320242025
Operating revenue9.3 MNOK14.1 MNOK11.9 MNOK
Operating profit−12.4 MNOK0.3 MNOK−21.6 MNOK
Profit before tax−15.5 MNOK−2.1 MNOK−23.8 MNOK
Tax expense4.0 MNOK0.0 MNOK0.0 MNOK
Net profit−19.5 MNOK−2.1 MNOK−23.8 MNOK
Financial expenses3.4 MNOK2.7 MNOK2.9 MNOK
Total assets22.7 MNOK27.1 MNOK11.2 MNOK
Current assets5.2 MNOK3.5 MNOK5.7 MNOK
Equity1.1 MNOK1.4 MNOK0.4 MNOK
Retained earnings0.0 MNOK–−20.4 MNOK
Total liabilities21.6 MNOK25.7 MNOK10.8 MNOK
Current liabilities11.8 MNOK19.6 MNOK10.8 MNOK

Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 6 November 2026, accounts id 5403617.

Similar companies