Instech Solutions AS
Score · fiscal year 2024
57of 100
How to read this: the company is ahead of 68 % of companies in the Morning class Medium in the same sector in 2024. What does this mean?
Rank in the Morning class Medium: 240 of 744 · What are Morning company classes?
Place in the whole sector: 1,466 of 4,239 · Informasjon og kommunikasjon
Profile
Elephant · Steward
Lower profitability, high resilience
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 40 and resilience 69 out of 100 among companies in the Morning class Medium in the same sector in 2024. Methodology
Against the sector
Instech Solutions AS is 6 points above the median for companies in the Morning class Medium in the same sector in 2024.
Median score 51 among 744 companies.
Against companies in the Morning class Medium in the same sector in 2024: operating margin 6.5% (median 5.8%) and equity ratio 42.5% (median 29.2%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 81 MNOK | 104 MNOK |
| Operating margin | 6.5% | 5.8% |
| Profit margin | 2.6% | 6.6% |
| Return on assets | 3.7% | 11.6% |
| Equity ratio | 42.5% | 29.2% |
| Debt-to-equity | 1.35 | 2.29 |
| Current ratio | 2.55 | 1.17 |
| Revenue growth | 23.8% | 7.5% |
| Revenue per employee | 1.98 MNOK | 2.96 MNOK |
The median and “ahead of” refer to companies in the Morning class Medium in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
With an index of 57, Instech Solutions AS does better than 68% of companies in the Morning class Medium in the same sector (744 companies) in 2024.
Score 2023–2025
- Instech Solutions AS
- Median: companies in the Morning class Medium in the same sector
What the numbers say
Instech Solutions AS had an operating margin of 6.5% and an equity ratio of 42.5% in 2024, and ranks 1,466 of 4,239 in Informasjon og kommunikasjon.
From 2023 to 2024: the equity ratio rose from 29.1% to 42.5% and revenue grew by 24%.
This text is generated automatically from the 2024 accounts.
Three simple methods
The methods give between 28 MNOK and 65 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 17.4 | 28 MNOK |
| EV/EBIT | 12.4 | debt above value |
| P/B | 1.4 | 65 MNOK |
| EV/EBIT: from enterprise value to equity | NOK |
|---|---|
| Enterprise value (EV) at the listed multiple | 51 MNOK |
| Enterprise value after the size adjustment | 32 MNOK |
| Less net debt (rough figure) | 77 MNOK |
| Equity value | debt above value |
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 242% 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 (58): Publishing & Newspapers.
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 4.3% 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 | 40 | weight 40% |
|---|---|---|
| Solidity | 69 | weight 20% |
| Liquidity | 91 | weight 5% |
| Growth | 70 | weight 25% |
| Consistency | 56 | weight 10% |
Three goals: profitability 40%, growth 25%, resilience 35%. Why these weights?
Durability: 48 (average over 2 years)
Index version 3. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Instech Solutions AS?
The operating margin was 6.5% in 2024, against a median of 5.8% among companies in the Morning class Medium in the same sector. Return on assets was 3.7%.
How solid is Instech Solutions AS?
The equity ratio was 42.5% in 2024 (median 29.2%). Debt-to-equity was 1.35 (median 2.29).
What is the liquidity of Instech Solutions AS like?
The current ratio was 2.55 in 2024 (median 1.17).
How does Instech Solutions AS compare in Informasjon og kommunikasjon?
Instech Solutions AS ranks 1,466 of 4,239 in Informasjon og kommunikasjon for 2024. Among companies in the Morning class Medium it is number 240 of 744. Revenue changed by 23.8% from the year before.
Group accounts
The company is registered as part of a group, but we have no group accounts for it. Group accounts are filed by the parent company, and open data does not say which company that is.
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.
The shareholder register shows no Norwegian majority owner and no subsidiaries for this company.
From the Central Coordinating Register
- Org. no.
- 970971998
- Legal form
- AS · part of a group
- Sector
- Informasjon og kommunikasjon (58.290)
- Morning company class
- Medium
- Employees
- 41 registered 10 October 2026
- Founded
- 16 May 1994 32 years in operation
- Share capital
- 62.20 MNOK
- Business address
- Solheimsgaten 5, 5058 BERGEN
- Municipality
- Bergen rank 8 of 11 in KOSTRA group 12
- Latest accounts filed
- 2025
- Website
- www.instech.no
- LEI
- 636700K468OX9VGOXI47 renews 10 April 2027
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 31 October 2026. Only names are shown.
- Parent company
- NORWEGIAN HULL CLUB - GJENSIDIG ASSURANSEFORENING (Norway)
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 31 October 2026. The parent is the one the company itself reported to GLEIF.
Shareholders (2025)
- Number of shareholders
- 1 (one owner)
- Largest owner
- 100.0%
- Split
- companies 100% · private persons 0% · foreign 0%
- Group chain
- Ultimate owner: NORWEGIAN HULL CLUB - GJENSIDIG ASSURANSEFORENING
- NORWEGIAN HULL CLUB - GJENSIDIG ASSURANSEFORENING · 100.0%
Change 2007–2025: no material change in the owners.
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 4 November 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 39 | 57 | 40 | |
| Rank | 2,766 | 1,466 | 3,034 | |
| Operating margin | 4.5% | 6.5% | 2.6% | |
| Return on assets | 3.2% | 3.7% | 1.5% | |
| Equity ratio | 29.1% | 42.5% | 45.3% | |
| Current ratio | 3.39 | 2.55 | 1.42 | |
| Revenue growth | – | 23.8% | 2.6% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 65.6 MNOK | 81.2 MNOK | 83.4 MNOK |
| Operating profit | 3.0 MNOK | 5.3 MNOK | 2.2 MNOK |
| Profit before tax | 0.2 MNOK | 2.1 MNOK | −1.3 MNOK |
| Tax expense | −2.7 MNOK | −0.2 MNOK | −0.6 MNOK |
| Net profit | 2.9 MNOK | 2.3 MNOK | −0.7 MNOK |
| Financial expenses | 3.2 MNOK | 4.4 MNOK | 4.5 MNOK |
| Total assets | 106.3 MNOK | 176.6 MNOK | 208.4 MNOK |
| Current assets | 26.6 MNOK | 59.5 MNOK | 36.6 MNOK |
| Equity | 30.9 MNOK | 75.1 MNOK | 94.3 MNOK |
| Retained earnings | −6.7 MNOK | −4.4 MNOK | −5.1 MNOK |
| Total liabilities | 75.4 MNOK | 101.6 MNOK | 114.1 MNOK |
| Current liabilities | 7.8 MNOK | 23.3 MNOK | 25.8 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 4 November 2026, accounts id 5832929.
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