Windsim AS
Score · fiscal year 2024
32of 100
How to read this: the company is ahead of 17 % of companies in the Morning class Small in the same sector in 2024. What does this mean?
Rank in the Morning class Small: 873 of 1,053 · What are Morning company classes?
Place in the whole sector: 2,689 of 3,254 · Informasjon og kommunikasjon
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 37 and solidity 11 out of 100 among companies in the Morning class Small in the same sector in 2024. Methodology
Against the sector
Windsim AS is 18 points below the median for companies in the Morning class Small in the same sector in 2024.
Median score 50 among 1,053 companies.
Against companies in the Morning class Small in the same sector in 2024: operating margin 2.3% (median 4.5%) and equity ratio 5.2% (median 34.2%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 14 MNOK | 22 MNOK |
| Operating margin | 2.3% | 4.5% |
| Profit margin | −14.7% | 4.4% |
| Return on assets | 2.2% | 9.0% |
| Equity ratio | 5.2% | 34.2% |
| Debt-to-equity | 18.38 | 1.68 |
| Current ratio | 0.18 | 1.33 |
| Revenue growth | 52.5% | 7.8% |
| Revenue per employee | 1.77 MNOK | 1.73 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 32, Windsim AS does better than 17% of companies in the Morning class Small in the same sector (1,053 companies) in 2024.
Score 2023–2025
- Windsim AS
- Median: companies in the Morning class Small in the same sector
What the numbers say
Windsim AS had an operating margin of 2.3% and an equity ratio of 5.2% in 2024, and ranks 2,689 of 3,254 in Informasjon og kommunikasjon.
From 2023 to 2024: the operating margin rose from −133.4% to 2.3% and revenue grew by 52%.
This text is generated automatically from the 2024 accounts.
Three simple methods
One method gives a figure: 2 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 17.7 | not meaningful |
| EV/EBIT | 14.3 | not meaningful |
| P/B | 2.6 | 2 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
Worth a closer look
- critical
Consider strengthening liquidity: current liabilities are 5.6 times current assets.
Based on: Current ratio 0.18 (median 1.33).
- watch
The equity ratio is very low. Could the company absorb a bad year, and does it need more equity?
Based on: Equity ratio 5.2% (median 34.2%).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −14.7% (median 4.4%).
- watch
Strong growth with weak liquidity. Is the growth financed, or does it tie up capital the company does not have?
Based on: Revenue growth 52.5% (median 7.8%); Current ratio 0.18 (median 1.33).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 10.4% 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 | 37 | weight 30% |
|---|---|---|
| Solidity | 11 | weight 25% |
| Liquidity | 2 | weight 15% |
| Growth | 87 | weight 15% |
| Consistency | 31 | weight 15% |
Durability: 23 (average over 2 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Windsim AS?
The operating margin was 2.3% in 2024, against a median of 4.5% among companies in the Morning class Small in the same sector. Return on assets was 2.2%. The company made a loss before tax.
How solid is Windsim AS?
The equity ratio was 5.2% in 2024 (median 34.2%). Debt-to-equity was 18.38 (median 1.68).
What is the liquidity of Windsim AS like?
The current ratio was 0.18 in 2024 (median 1.33). Current assets did not cover current liabilities.
How does Windsim AS compare in Informasjon og kommunikasjon?
Windsim AS ranks 2,689 of 3,254 in Informasjon og kommunikasjon for 2024. Among companies in the Morning class Small it is number 873 of 1,053. Revenue changed by 52.5% from the year before.
From the Central Coordinating Register
- Org. no.
- 967070513
- Legal form
- AS
- Sector
- Informasjon og kommunikasjon (58.290)
- Morning company class
- Small
- 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
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)
- Geogroup AS · 24.0%
- Lemica AS · 20.6%
- Mti Vekst AS · 16.4%
- Flø Holding AS · 12.3%
- Ozvol Invest AS · 10.5%
- Inspirida AS · 7.8%
- Forbis AS · 6.8%
- Urra Holding AS · 1.0%
- Rømma Invest AS · 0.2%
- Windsim AS · 0.0%
- 5 private persons · 0.5%
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.
Figures last fetched 6 November 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 13 | 32 | 8 | |
| Rank | 2,952 | 2,689 | 3,270 | |
| Operating margin | −133.4% | 2.3% | −181.3% | |
| Return on assets | −53.2% | 2.2% | −187.5% | |
| Equity ratio | 5.0% | 5.2% | 3.5% | |
| Current ratio | 0.44 | 0.18 | 0.53 | |
| Revenue growth | – | 52.5% | −15.7% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 9.3 MNOK | 14.1 MNOK | 11.9 MNOK |
| Operating profit | −12.4 MNOK | 0.3 MNOK | −21.6 MNOK |
| Profit before tax | −15.5 MNOK | −2.1 MNOK | −23.8 MNOK |
| Tax expense | 4.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Net profit | −19.5 MNOK | −2.1 MNOK | −23.8 MNOK |
| Financial expenses | 3.4 MNOK | 2.7 MNOK | 2.9 MNOK |
| Total assets | 22.7 MNOK | 27.1 MNOK | 11.2 MNOK |
| Current assets | 5.2 MNOK | 3.5 MNOK | 5.7 MNOK |
| Equity | 1.1 MNOK | 1.4 MNOK | 0.4 MNOK |
| Retained earnings | 0.0 MNOK | – | −20.4 MNOK |
| Total liabilities | 21.6 MNOK | 25.7 MNOK | 10.8 MNOK |
| Current liabilities | 11.8 MNOK | 19.6 MNOK | 10.8 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 6 November 2026, accounts id 6336359.
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