Inter Alia 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
Key facts
Is the company run well?
Five key figures against companies in the Morning class Small in the same sector. Green is better than most, amber about like the industry and red weaker than most.
- Profitability · operating margin 85.6% Better than the industry Industry: 48.6%
- Returns · return on assets 12.4% Weaker than the industry Industry: 17.2%
- Solidity · equity ratio 96.7% Better than the industry Industry: 69.6%
- Liquidity · current ratio 29.97 Better than the industry Industry: 2.57
- Growth · revenue growth 407.4% Better than the industry Industry: 13.7%
The mark comes from the company's place among comparable companies (percentile): green from 60, amber from 40, red below 40. Negative equity, an operating loss and a current ratio under 1 pull it down regardless. Methodology
Score · fiscal year 2025
69of 100
How to read this: the company is ahead of 88 % of companies in the Morning class Small in the same sector in 2025. What does this mean?
Rank in the Morning class Small: 40 of 320 · What are Morning company classes?
Place in the whole sector: 178 of 1,323 · Finans og forsikring
Profile
Elephant · Steward
Lower profitability, high resilience
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 49 and resilience 74 out of 100 among companies in the Morning class Small in the same sector in 2025. Methodology
Against the sector
Inter Alia AS is 19 points above the median for companies in the Morning class Small in the same sector in 2025.
Median score 50 among 320 companies.
Against companies in the Morning class Small in the same sector in 2025: operating margin 85.6% (median 48.6%) and equity ratio 96.7% (median 69.6%).
How it has gone · 2023–2025
Revenue fell by 38 % from 2023 to 2025, to 10.1 MNOK. The operating margin fell from 89.8% in 2023 to 85.6% in 2025. The equity ratio is about the same: 96.7% in 2025 against 95.8% in 2023.
Amounts in the reporting currency. The full year-by-year table is further down under «Details». See every figure year by year
Accounts in short
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 16.2 MNOK | 2.0 MNOK | 10.1 MNOK |
| Operating profit | 14.6 MNOK | 0.6 MNOK | 8.6 MNOK |
| Net profit | 14.7 MNOK | 0.7 MNOK | 8.7 MNOK |
| Total assets | 74.6 MNOK | 70.5 MNOK | 70.3 MNOK |
| Equity | 71.5 MNOK | 67.9 MNOK | 68.0 MNOK |
| Total liabilities | 3.1 MNOK | 2.6 MNOK | 2.3 MNOK |
From the Brønnøysund Register Centre, in the company's reporting currency (NOK). See every figure year by year
From the Central Coordinating Register
- Org. no.
- 969047403
- Legal form
- AS
- Sector
- Finans og forsikring (64.323)
- Purpose
- Investerings- og konsulentvirksomhet.
- Morning company class
- Small
- Employees
- 0–4 (not registered) Payroll costs in the accounts: 0.0 MNOK (2025).
- Founded
- 17 November 1993 32 years in operation
- Share capital
- 0.05 MNOK
- Business address
- Peder Ankers vei 8, 0861 OSLO
- Municipality
- Oslo rank 63–220 of 357 in Norway
- Latest accounts filed
- 2025
- VAT registered
- No
- LEI
- 549300CBMI2UXH2U4A63 renews 28 December 2026
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
Inter Alia AS has a score of 69 for 2025, rank 178 of 1,323 in the sector.
Strongest: Growth: percentile 93 against peers, revenue growth 407.4% against a median of 13.7%. Liquidity: percentile 82 against peers, current ratio 29.97 against a median of 2.57.
No area is clearly below its peers.
Worth a closer look
- The change in operating margin in 2025 was 87.5 percentage points better than for comparable companies: the company +56.2, the industry −31.2 points. That is the company's own, not something that hit the whole industry.
Written by fixed rules from the figures. Describes the figures, does not explain causes. Not investment or financial advice. How the summary is made
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.
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 −13.5%. Based on the 7 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 49 | weight 40% |
|---|---|---|
| Solidity | 81 | weight 20% |
| Liquidity | 82 | weight 5% |
| Growth | 93 | weight 25% |
| Consistency | 56 | weight 10% |
Three goals: profitability 40%, growth 25%, resilience 35%. Why these weights?
Durability: 58 (average over 3 years)
Index version 3. Data completeness 100%: the share of the weights that had data.
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 10 MNOK | 20 MNOK |
| Operating margin | 85.6% | 48.6% |
| Profit margin | 86.6% | 39.6% |
| Return on assets | 12.4% | 17.2% |
| Equity ratio | 96.7% | 69.6% |
| Debt-to-equity | 0.03 | 0.44 |
| Current ratio | 29.97 | 2.57 |
| Revenue growth | 407.4% | 13.7% |
The median and “ahead of” refer to companies in the Morning class Small in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 69, Inter Alia AS does better than 88% of companies in the Morning class Small in the same sector (320 companies) in 2025.
Score 2023–2025
- Inter Alia AS
- Median: companies in the Morning class Small in the same sector
Working capital and debt
| Measure | Company | Median | |
|---|---|---|---|
| Working capital | |||
| Receivable days All current receivables, including those on group companies, in days of revenue. |
– | 50 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 | |
| Net working capital to revenue Current assets less bank deposits less current liabilities, divided by revenue. Negative: short-term debt funds the operations. |
660.9% | 7.9% | |
| Cash share of current assets How much of the short-term buffer is bank deposits and cash. |
2.1% | 29.6% | |
| 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. |
– | 45.7 | |
| 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% | |
| Long-term share of debt Long-term debt as a share of all debt. A low share means more falls due within a year. |
– | 7.9% | |
Net working capital (current assets less bank deposits less current liabilities): 66.5 MNOK.
The median and the bar refer to companies in the Morning class Small in the same sector in 2025. 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.
Returns, debt against earnings and quality
| Measure | Company | Median | |
|---|---|---|---|
| Returns | |||
| Return on equity (ROE) Net result over the average of equity at the start and end of the year (the end alone when last year is missing). Not calculated with negative equity. |
12.8% | 23.4% | |
| Return on capital employed (ROCE) Operating result over capital employed, that is total assets less current liabilities. The return regardless of how the company is financed. |
12.7% | 21.2% | |
| Net margin Net result over revenue. The first part of the DuPont split of return on equity. |
86.6% | 34.1% | |
| Asset turnover (revenue over assets) Revenue over total assets: how many kroner of revenue each krone of assets gives. The second part of the DuPont split. |
0.14 | 0.66 | |
| Equity multiplier Total assets over equity: 4 means three quarters is financed with debt. The third part of the DuPont split. |
1.03 | 1.42 | |
| Debt and financing | |||
| Net debt in times operating result Long-term liabilities less cash, over the operating result: roughly how many years the business must earn to repay the debt. A negative figure means more cash than long-term debt. Rough, because the accounts do not split out interest-bearing debt. Only calculated when the operating result is positive. |
– | −0.5 | |
| Fixed-asset cover Equity plus long-term liabilities over fixed assets (total assets less current assets). Below 1: fixed assets are partly financed with short-term debt. |
– | 2.84 | |
| Quick ratio (without inventory) Cash plus receivables over current liabilities. Like the current ratio but without inventory and short-term investments. |
– | 1.35 | |
| Quality and resilience | |||
| Effective tax rate Tax expense over profit before tax, only when the profit is positive. Far from 22% points to one-off items, tax losses carried forward or group contributions. |
0.0% | 18.2% | |
| Operating leverage Percentage change in operating result over percentage change in revenue from last year. 3 means a 1% fall in revenue gives a 3% fall in operating result. Only calculated when revenue moved at least 2% and last year's operating result was positive. |
3.4 | 1.1 | |
| Payroll costs over revenue Payroll costs (with employer's contribution and pension) over revenue. Shows how much of revenue is a fixed cost in a service business. |
0.1% | 51.3% | |
| Revenue safety margin How far revenue can fall before the operating result is zero, assuming payroll is fixed and all other costs follow revenue. A calculation, not a measurement: depreciation and rent are also fixed, so reality is lower. |
99.9% | 33.8% | |
| Cash runway (months) Cash over the operating loss per month, only for years with a loss. Assumes the loss continues unchanged and no new financing arrives. Capped at 120 months. |
– | 11 mo. | |
DuPont on the closing balance: net margin 86.6% × asset turnover 0.14 × multiplier 1.03 = 12.8% of equity at the end of the year. The return on equity above uses average equity and can differ slightly.
The median and the bar are for companies in the Morning class Small in the same sector in 2025. The bar shows the share of the group with a lower figure: high is not always good. The figures are our own calculations from the annual accounts and do not count in the score. Open data has no depreciation, so no EBITDA, and the accounts do not split out interest-bearing debt. How we calculate
The industry or the company: what drove the result?
In 2025 the operating margin of Inter Alia AS rose by 56.2 percentage points. Comparable companies fell by a median 31.2 points. So the company did 87.5 points better than the industry, for reasons of its own.
Over 2 year-to-year changes Inter Alia AS moved the same way as comparable companies 0 times. About 28% of the changes in operating margin were common to the industry; the rest was the company's own.
| Year | The company | Comparable (median) | Change, company | Change, industry | The company's own |
|---|---|---|---|---|---|
| 2024 | 29.4% | 79.8% | −60.4 percentage points | +42.7 percentage points | −103.1 percentage points |
| 2025 | 85.6% | 48.6% | +56.2 percentage points | −31.2 percentage points | +87.5 percentage points |
Comparable companies are those in the same industry and Morning company class. Their change shows what hit the whole industry, the sector drivers below included. The rest is the company's own: contracts, costs, one-off items or operations. The share is approximate, and we claim no cause.
The company and its sector's drivers
Prices, rate and currency that shape the sector's year, year by year beside the operating margin of Inter Alia AS. The figures stand side by side; we claim no cause.
Policy rate (prosent)
Policy rate fell 0.20 percentage points in 2025; the operating margin of Inter Alia AS rose 56.2 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Policy rate, annual average | 0.08 | 1.32 | 3.54 | 4.50 | 4.30 | 4.17 (so far) |
| Change from the year before | −0.28 percentage points | +1.24 percentage points | +2.22 percentage points | +0.96 percentage points | −0.20 percentage points | −0.12 percentage points |
| The company's operating margin | – | – | 89.8% | 29.4% | 85.6% | – |
Source: Norges Bank (IR, NLOD 2.0). Source
Consumer price index (indeks (2025 = 100))
Consumer price index rose 3.0% in 2025; the operating margin of Inter Alia AS rose 56.2 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Consumer price index, annual average | 84.3 | 89.2 | 94.1 | 97.0 | 100.0 | 103.0 (so far) |
| Change from the year before | +3.5% | +5.8% | +5.5% | +3.2% | +3.0% | +3.0% |
| The company's operating margin | – | – | 89.8% | 29.4% | 85.6% | – |
Source: SSB (14710, CC BY 4.0). Source
Wage index: financial services (indeks)
Wage index: financial services rose 4.6% in 2025; the operating margin of Inter Alia AS rose 56.2 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Wage index: financial services, annual average | 87.1 | 90.4 | 94.2 | 98.9 | 103.5 | 107.3 (so far) |
| Change from the year before | +2.9% | +3.8% | +4.1% | +5.0% | +4.6% | +3.7% |
| The company's operating margin | – | – | 89.8% | 29.4% | 85.6% | – |
Source: SSB (12314, CC BY 4.0). Source
We show the drivers and the margin side by side and claim no cause. Sensitivity per company is not computed until we have at least 10 years of accounts per company: with three years such figures are false precision.
What the numbers say
Inter Alia AS had an operating margin of 85.6% and an equity ratio of 96.7% in 2025, and ranks 178 of 1,323 in Finans og forsikring.
From 2024 to 2025: revenue grew by 407% and the operating margin rose from 29.4% to 85.6%.
This text is generated automatically from the 2025 accounts.
Three simple methods
Suggested price: about 56 MNOK
The mean of the 2 methods below (P/E, EV/EBIT and P/B with listed multiples and a size adjustment), rounded to two significant figures. It is a calculation, not a bid or a valuation. Fewer than three methods gave a figure, so the mean is weaker than it looks.
That is about 517 NOK per share, on 108,360 shares in the shareholder register.
The methods give between 50 MNOK and 61 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 12.3 | 61 MNOK |
| EV/EBIT | – | not used in the sector |
| P/B | 1.2 | 50 MNOK |
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 NACE code has no listed industry of its own in the table, so the multiples are the sector median: Bank (Money Center), Banks (Regional), Insurance (General), Investments & Asset Management, Financial Svcs. (Non-bank & Insurance).
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
Figures you will not find in any register
We calculated these figures ourselves from the accounts and registers we have read. The company has not reported them and the Brønnøysund Register Centre does not publish them. They are indications and are not part of the index. How we calculate
- Implied dividend (net payout)
- 8.6 MNOK left equity beyond the result in 2025.
That equals 99% of the year's result.
Over 2 years it equals 137% of the sum of the results.
Calculated as retained earnings at the start of the year + net result − retained earnings at the end of the year. What remains is dividends and group contributions, plus transfers to other items and corrections of earlier years. It is not a dividend figure. - Owners and leadership aged 60 or older
- One sign that a generation change may be coming.
- The chair is 60 or older.
- 1 of 2 on the board are 60 or older.
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
Questions and answers
How profitable is Inter Alia AS?
The operating margin was 85.6% in 2025, against a median of 48.6% among companies in the Morning class Small in the same sector. Return on assets was 12.4%.
How solid is Inter Alia AS?
The equity ratio was 96.7% in 2025 (median 69.6%). Debt-to-equity was 0.03 (median 0.44).
What is the liquidity of Inter Alia AS like?
The current ratio was 29.97 in 2025 (median 2.57).
How does Inter Alia AS compare in Finans og forsikring?
Inter Alia AS ranks 178 of 1,323 in Finans og forsikring for 2025. Among companies in the Morning class Small it is number 40 of 320. Revenue changed by 407.4% from the year before.
Competitors
The 8 closest competitors in the same line of business, placed in the same matrix as the sector page: profitability up, resilience to the right. These are the companies the competitor analysis and the strategy report compare with.
Each bubble is a company: this company and its closest competitors in the same line of business and size, the same ones the competitor analysis uses. Placement is 0–100 against the whole sector and Morning company class: further right is more robust, higher up is more profitable. Bubble size is revenue. The light bubble and arrow show where the company stood the year before. Pick a profile to see fewer at a time.
| Company | Profile | Operating revenue | Operating margin | Score |
|---|---|---|---|---|
| Lighthouse Invest AS |  Lion |
16 MNOK | 92.6% | 67 |
| Giotto AS · same municipality |  Cheetah |
13 MNOK | 80.4% | 55 |
| Færili AS · same municipality |  Elephant |
13 MNOK | 89.0% | 51 |
| Inter Alia AS (this company) | Elephant |
10 MNOK | 85.6% | 69 |
| Manor Invest AS · same municipality | Lion |
10 MNOK | 98.9% | 64 |
| Eskerud Invest AS | Lion |
7 MNOK | 89.9% | 66 |
| Jokr AS · same municipality | Lion |
6 MNOK | 95.8% | 72 |
| Lilland Invest AS | Lion |
6 MNOK | 96.5% | 66 |
| Boe Invest AS · same municipality | Cheetah |
6 MNOK | 97.8% | 57 |
The selection is the closest in revenue within the same industry code. When you order, you can swap competitors. Order competitor analysis
Ownership and roles
Loading roles …
Source: Central Coordinating Register, fetched 7 November 2026. Only names are shown.
- Parent company
- No parent company: owned by persons
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 30 October 2026. The parent is the one the company itself reported to GLEIF.
Shareholders (2025)
- Number of shareholders
- 2
- Largest owner
- 25.1%
- Split
- companies 25% · private persons 25% · foreign 0%
- Ergusi AS · 49.9%
- 1 private persons · 25.1%
Change 2007–2025:
50% of the shares changed owner (1 new and 1 departed owners). The majority owner changed.
New owners (companies): Ergusi AS
The portfolio: 7 of the companies it owns shares in have accounts with us, 0 of them as majority owner. The average index is 32. 0 have negative equity and 1 made a loss in the latest year.
Holds shares in: Norexeco ASA (0%), Norwegian Air Shuttle ASA (0%), Norsk Hydro ASA (0%), Pareto Bank ASA (0%), Telenor ASA (0%), Entra ASA (0%), Yara International ASA (0%), Aker BP ASA (0%)
The owners' shares do not add up to the company's total number of shares in the source.
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 9 November 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 72 | 33 | 69 | |
| Rank | 181 | 977 | 178 | |
| Operating margin | 89.8% | 29.4% | 85.6% | |
| Return on assets | 19.7% | 1.0% | 12.4% | |
| Equity ratio | 95.8% | 96.3% | 96.7% | |
| Current ratio | 23.92 | 26.93 | 29.97 | |
| Revenue growth | – | −87.8% | 407.4% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 16.2 MNOK | 2.0 MNOK | 10.1 MNOK |
| Operating profit | 14.6 MNOK | 0.6 MNOK | 8.6 MNOK |
| Profit before tax | 14.7 MNOK | 0.7 MNOK | 8.7 MNOK |
| Tax expense | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Net profit | 14.7 MNOK | 0.7 MNOK | 8.7 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK | – |
| Total assets | 74.6 MNOK | 70.5 MNOK | 70.3 MNOK |
| Current assets | 74.6 MNOK | 70.5 MNOK | 70.3 MNOK |
| Equity | 71.5 MNOK | 67.9 MNOK | 68.0 MNOK |
| Retained earnings | 71.4 MNOK | 67.8 MNOK | 67.9 MNOK |
| Total liabilities | 3.1 MNOK | 2.6 MNOK | 2.3 MNOK |
| Current liabilities | 3.1 MNOK | 2.6 MNOK | 2.3 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 9 November 2026, accounts id 6911942.
Further
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News and announcements
- 25 September 2026 Endring av revisor (opens in a new tab) Source: Brønnøysundregistrene
From official sources: the Brønnøysund Register Centre, Oslo Børs NewsWeb and public agencies. We show the title, date and a link to the source. The link to a company, sector or municipality is automatic and may be wrong. Report a wrong link