Amadeus Studio 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 2025
Not enough data: Not enough data (below minimum revenue)
Based on the annual accounts for 2025
How it has gone · 2023–2025
Revenue fell by 88 % from 2023 to 2025, to 0.2 MNOK. The operating margin fell from 66.6% in 2023 to −27.7% in 2025. The equity ratio rose from 79.6% in 2023 to 96.5% 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
- critical
The operating result does not cover the financial costs. How will the debt be serviced, and what do the lenders say?
Based on: Interest coverage (times) −17.9 (median 9.0); Financial costs as a share of debt 5.7% (median 0.8%).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −29.0% (median 6.8%).
- 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 −27.7% (median 6.6%).
- 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 843 days (median 46 days).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 5.7% of the debt in 2025. The policy rate averaged 4.30 % 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 4.1%. Based on the 8 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 | 0 MNOK | 3 MNOK |
| Operating margin | −27.7% | 6.6% |
| Profit margin | −29.0% | 6.8% |
| Return on assets | −3.5% | 13.1% |
| Equity ratio | 96.5% | 39.5% |
| Debt-to-equity | 0.04 | 1.07 |
| Current ratio | 21.28 | 1.54 |
| Revenue growth | −85.8% | 6.5% |
The median and “ahead of” refer to companies in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
Score 2023–2025
- Amadeus Studio AS
- Median: companies 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. |
843 days | 46 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. |
203.9% | −9.3% | |
| Cash share of current assets How much of the short-term buffer is bank deposits and cash. |
59.8% | 56.5% | |
| 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. |
−17.9 | 9.0 | |
| 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. |
5.7% | 0.8% | |
| Long-term share of debt Long-term debt as a share of all debt. A low share means more falls due within a year. |
– | 0.3% | |
The operating result is negative, so the interest coverage is negative: operations cover none of the financial costs.
Net working capital (current assets less bank deposits less current liabilities): 0.5 MNOK.
Of the financial costs of 0.0 MNOK, 0.0 MNOK is reported as interest costs in the accounts.
The median and the bar refer to companies 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.
The industry or the company: what drove the result?
In 2025 the operating margin of Amadeus Studio AS fell by 29.0 percentage points. Comparable companies rose by a median 0.1 points. So the company did 29.2 points weaker than the industry, for reasons of its own.
Over 2 year-to-year changes Amadeus Studio AS moved the same way as comparable companies 0 times. About 1% 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 | 1.4% | 6.5% | −65.2 percentage points | +0.5 percentage points | −65.7 percentage points |
| 2025 | −27.7% | 6.6% | −29.0 percentage points | +0.1 percentage points | −29.2 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 Amadeus Studio AS. The figures stand side by side; we claim no cause.
Service prices: information and communication (indeks (2021 = 100))
Service prices: information and communication rose 4.0% in 2025; the operating margin of Amadeus Studio AS fell 29.0 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Service prices: information and communication, annual average | 100.0 | 103.3 | 108.7 | 112.2 | 116.7 | 120.0 (so far) |
| Change from the year before | – | +3.2% | +5.3% | +3.2% | +4.0% | +2.8% |
| The company's operating margin | – | – | 66.6% | 1.4% | −27.7% | – |
Source: SSB (14335, CC BY 4.0). Source
Turnover index: information and communication (indeks (2021 = 100))
Turnover index: information and communication rose 4.6% in 2025; the operating margin of Amadeus Studio AS fell 29.0 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Turnover index: information and communication, annual average | 99.6 | 111.4 | 126.4 | 128.3 | 134.2 | 141.3 (so far) |
| Change from the year before | +14.7% | +11.8% | +13.5% | +1.5% | +4.6% | +5.3% |
| The company's operating margin | – | – | 66.6% | 1.4% | −27.7% | – |
Source: SSB (13863, CC BY 4.0). Source
USD/NOK (kr)
USD/NOK fell 3.3% in 2025; the operating margin of Amadeus Studio AS fell 29.0 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| USD/NOK, annual average | 8.59 | 9.61 | 10.56 | 10.75 | 10.39 | 9.54 (so far) |
| Change from the year before | −8.8% | +11.9% | +9.9% | +1.7% | −3.3% | −8.2% |
| The company's operating margin | – | – | 66.6% | 1.4% | −27.7% | – |
Source: Norges Bank (EXR, NLOD 2.0). Source
Policy rate (prosent)
Policy rate fell 0.20 percentage points in 2025; the operating margin of Amadeus Studio AS fell 29.0 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 | – | – | 66.6% | 1.4% | −27.7% | – |
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 Amadeus Studio AS fell 29.0 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 | – | – | 66.6% | 1.4% | −27.7% | – |
Source: SSB (14710, CC BY 4.0). Source
Wage index: IT services (indeks)
Wage index: IT services rose 4.4% in 2025; the operating margin of Amadeus Studio AS fell 29.0 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Wage index: IT services, annual average | 84.9 | 87.8 | 92.3 | 97.3 | 101.5 | 105.4 (so far) |
| Change from the year before | +4.9% | +3.5% | +5.1% | +5.4% | +4.4% | +3.8% |
| The company's operating margin | – | – | 66.6% | 1.4% | −27.7% | – |
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
Amadeus Studio AS had an equity ratio of 96.5% in 2025. The company is not ranked: not enough data (below minimum revenue).
From 2024 to 2025: the operating margin fell from 1.4% to −27.7% and went from a profit to a loss before tax.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 3 MNOK and 5 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 17.7 | 4 MNOK |
| EV/EBIT | 14.3 | 5 MNOK |
| P/B | 2.6 | 3 MNOK |
| EV/EBIT: from enterprise value to equity | NOK |
|---|---|
| Enterprise value (EV) at the listed multiple | 6 MNOK |
| Enterprise value after the size adjustment | 4 MNOK |
| Less net debt (rough figure) | −1 MNOK |
| Equity value | 5 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 NACE code has no listed industry of its own in the table, so the multiples are the sector median: Software (System & Application), Computer Services, Telecom. Services, Publishing & Newspapers.
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 Amadeus Studio AS?
The operating margin was −27.7% in 2025, against a median of 6.6% among companies in the same sector. Return on assets was −3.5%. The company made a loss before tax.
How solid is Amadeus Studio AS?
The equity ratio was 96.5% in 2025 (median 39.5%). Debt-to-equity was 0.04 (median 1.07).
What is the liquidity of Amadeus Studio AS like?
The current ratio was 21.28 in 2025 (median 1.54).
From the Central Coordinating Register
- Org. no.
- 975336840
- Legal form
- AS
- Sector
- Informasjon og kommunikasjon (59.200)
- Purpose
- Komponere og produsere musikk til film, video, TV, musikkproduksjoner og alt som faller naturlig inn under dette området.
- Morning company class
- Micro
- Employees
- 0–4 (not registered)
- Founded
- 21 June 1995 31 years in operation
- Share capital
- 0.10 MNOK
- Business address
- Stortorget 1, 2609 LILLEHAMMER
- Municipality
- Lillehammer rank 3–14 of 27 in KOSTRA group 9
- Audit
- Audit opted out from 30 November 2011
- Latest accounts filed
- 2025
- VAT registered
- Yes
- Former names
- Amadeus Stidio AS until 1995
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 (2024)
- 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 2023–2024: no material change in the owners.
Holds shares in: Smallville AS (50%), The Lipp AS (50%), Smallville Films AS (50%), Lillehammer Ballettskole AS (33%)
Source: the Norwegian Tax Administration's shareholder register as of 2024. Figures may be older than today's ownership. Private persons are not shown by name. The company is not in the register for 2025, so the figures are from 2024. A company that is bankrupt, wound up or merged files no shareholder return.
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 | 89 | 48 | – | |
| Rank | 113 | 3,871 | – | |
| Operating margin | 66.6% | 1.4% | −27.7% | |
| Return on assets | 59.7% | 1.9% | −3.5% | |
| Equity ratio | 79.6% | 91.4% | 96.5% | |
| Current ratio | 3.11 | 6.48 | 21.28 | |
| Revenue growth | – | −18.4% | −85.8% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 2.1 MNOK | 1.7 MNOK | 0.2 MNOK |
| Operating profit | 1.4 MNOK | 0.0 MNOK | −0.1 MNOK |
| Profit before tax | 1.4 MNOK | 0.0 MNOK | −0.1 MNOK |
| Tax expense | 0.3 MNOK | 0.0 MNOK | 0.0 MNOK |
| Net profit | 1.1 MNOK | 0.0 MNOK | −0.1 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Total assets | 2.3 MNOK | 2.1 MNOK | 1.9 MNOK |
| Current assets | 1.5 MNOK | 1.2 MNOK | 1.4 MNOK |
| Equity | 1.9 MNOK | 1.9 MNOK | 1.8 MNOK |
| Retained earnings | 1.8 MNOK | 1.8 MNOK | 1.7 MNOK |
| Total liabilities | 0.5 MNOK | 0.2 MNOK | 0.1 MNOK |
| Current liabilities | 0.5 MNOK | 0.2 MNOK | 0.1 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 9 November 2026, accounts id 6927086.