Ikm Safe Control 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
60of 100
How to read this: the company is ahead of 71 % of companies in the Morning class Small in the same sector in 2025. What does this mean?
Rank in the Morning class Small: 484 of 1,642 · What are Morning company classes?
Place in the whole sector: 1,685 of 5,554 · Teknisk tjenesteyting og forskning
Profile
Cheetah · Sprinter
High profitability, lower resilience
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 75 and resilience 29 out of 100 among companies in the Morning class Small in the same sector in 2025. Methodology
Against the sector
Ikm Safe Control AS is 9 points above the median for companies in the Morning class Small in the same sector in 2025.
Median score 51 among 1,642 companies.
Against companies in the Morning class Small in the same sector in 2025: operating margin 11.0% (median 5.6%) and equity ratio 10.5% (median 33.1%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 26 MNOK | 19 MNOK |
| Operating margin | 11.0% | 5.6% |
| Profit margin | 10.5% | 5.7% |
| Return on assets | 32.8% | 14.0% |
| Equity ratio | 10.5% | 33.1% |
| Debt-to-equity | 8.56 | 1.77 |
| Current ratio | 1.15 | 1.43 |
| Revenue growth | 58.7% | 8.6% |
| Revenue per employee | 2.02 MNOK | 1.72 MNOK |
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 60, Ikm Safe Control AS does better than 71% of companies in the Morning class Small in the same sector (1,642 companies) in 2025.
Score 2023–2025
- Ikm Safe Control AS
- Median: companies in the Morning class Small in the same sector
Ikm Safe Control AS has a score of 60 for 2025, rank 1,685 of 5,554 in the sector.
Strongest: Growth: percentile 82 against peers, revenue growth 58.7% against a median of 8.6%. Profitability: percentile 75 against peers, operating margin 11.0% against a median of 5.6%.
Weakest: Solidity: percentile 14 against peers, equity ratio 10.5% against a median of 33.1%. Liquidity: percentile 30 against peers, current ratio 1.15 against a median of 1.43.
Worth a closer look
- Strong growth with weak liquidity. Is the growth financed, or does it tie up capital the company does not have? Based on: revenue growth 58.7% (median 8.6%); current ratio 1.15 (median 1.43).
- What lies behind weak solidity, and will it last?
- The change in operating margin in 2025 was 5.6 percentage points better than for comparable companies: the company +6.2, the industry +0.7 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
The industry or the company: what drove the result?
In 2025 the operating margin of Ikm Safe Control AS rose by 6.2 percentage points. Comparable companies rose by a median 0.7 points. So the company did 5.6 points better than the industry, for reasons of its own.
Over 2 year-to-year changes Ikm Safe Control AS moved the same way as comparable companies 2 times. About 9% 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 | 4.8% | 4.9% | −7.1 percentage points | −0.5 percentage points | −6.6 percentage points |
| 2025 | 11.0% | 5.6% | +6.2 percentage points | +0.7 percentage points | +5.6 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 Ikm Safe Control AS. The figures stand side by side; we claim no cause.
Turnover index: architectural and engineering activities (indeks (2021 = 100))
Turnover index: architectural and engineering activities rose 8.1% in 2025; the operating margin of Ikm Safe Control AS rose 6.2 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Turnover index: architectural and engineering activities, annual average | 99.0 | 108.8 | 127.9 | 146.4 | 158.3 | 155.2 (so far) |
| Change from the year before | +9.8% | +9.9% | +17.5% | +14.5% | +8.1% | −1.9% |
| The company's operating margin | – | – | 11.9% | 4.8% | 11.0% | – |
Source: SSB (13863, CC BY 4.0). Source
Turnover index: advertising and market research (indeks (2021 = 100))
Turnover index: advertising and market research rose 3.6% in 2025; the operating margin of Ikm Safe Control AS rose 6.2 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Turnover index: advertising and market research, annual average | 99.4 | 113.5 | 108.3 | 106.9 | 110.7 | 126.1 (so far) |
| Change from the year before | +35.1% | +14.2% | −4.6% | −1.3% | +3.6% | +13.9% |
| The company's operating margin | – | – | 11.9% | 4.8% | 11.0% | – |
Source: SSB (13863, CC BY 4.0). Source
Turnover index: other professional and technical activities (indeks (2021 = 100))
Turnover index: other professional and technical activities rose 6.2% in 2025; the operating margin of Ikm Safe Control AS rose 6.2 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Turnover index: other professional and technical activities, annual average | 98.3 | 121.6 | 139.4 | 131.0 | 139.1 | 158.0 (so far) |
| Change from the year before | +29.9% | +23.7% | +14.6% | −6.0% | +6.2% | +13.6% |
| The company's operating margin | – | – | 11.9% | 4.8% | 11.0% | – |
Source: SSB (13863, CC BY 4.0). Source
Service prices: architects and engineering (indeks (2021 = 100))
Service prices: architects and engineering rose 3.2% in 2025; the operating margin of Ikm Safe Control AS rose 6.2 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Service prices: architects and engineering, annual average | 100.0 | 103.6 | 107.5 | 111.2 | 114.7 | 119.4 (so far) |
| Change from the year before | +1.2% | +3.5% | +3.8% | +3.4% | +3.2% | +4.2% |
| The company's operating margin | – | – | 11.9% | 4.8% | 11.0% | – |
Source: SSB (14335, CC BY 4.0). Source
Oil price (export price of crude oil) (kr per fat)
Oil price (export price of crude oil) fell 17.6% in 2025; the operating margin of Ikm Safe Control AS rose 6.2 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Oil price (export price of crude oil), annual average | 609 | 979 | 877 | 859 | 708 | 881 (so far) |
| Change from the year before | +61.1% | +60.8% | −10.5% | −2.0% | −17.6% | +24.5% |
| The company's operating margin | – | – | 11.9% | 4.8% | 11.0% | – |
Source: SSB (08799, CC BY 4.0). Source
Policy rate (prosent)
Policy rate fell 0.20 percentage points in 2025; the operating margin of Ikm Safe Control AS rose 6.2 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 | – | – | 11.9% | 4.8% | 11.0% | – |
Source: Norges Bank (IR, NLOD 2.0). Source
EUR/NOK (kr)
EUR/NOK rose 0.8% in 2025; the operating margin of Ikm Safe Control AS rose 6.2 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| EUR/NOK, annual average | 10.16 | 10.10 | 11.42 | 11.62 | 11.72 | 11.04 (so far) |
| Change from the year before | −5.2% | −0.6% | +13.1% | +1.8% | +0.8% | −5.8% |
| The company's operating margin | – | – | 11.9% | 4.8% | 11.0% | – |
Source: Norges Bank (EXR, NLOD 2.0). Source
Wage index: architects and engineering (indeks)
Wage index: architects and engineering rose 4.7% in 2025; the operating margin of Ikm Safe Control AS rose 6.2 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Wage index: architects and engineering, annual average | 90.5 | 90.9 | 96.0 | 100.9 | 105.6 | 109.2 (so far) |
| Change from the year before | +7.4% | +0.5% | +5.6% | +5.2% | +4.7% | +3.4% |
| The company's operating margin | – | – | 11.9% | 4.8% | 11.0% | – |
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
Ikm Safe Control AS had an operating margin of 11.0% and an equity ratio of 10.5% in 2025, and ranks 1,685 of 5,554 in Teknisk tjenesteyting og forskning.
From 2024 to 2025: revenue grew by 59% and the operating margin rose from 4.8% to 11.0%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 1 MNOK and 20 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 14.9 | 13 MNOK |
| EV/EBIT | 14.3 | 20 MNOK |
| P/B | 2.3 | 1 MNOK |
| EV/EBIT: from enterprise value to equity | NOK |
|---|---|
| Enterprise value (EV) at the listed multiple | 28 MNOK |
| Enterprise value after the size adjustment | 17 MNOK |
| Less net debt (rough figure) | −3 MNOK |
| Equity value | 20 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 multiples are from the listed industry that matches the NACE code (71.1): Engineering/Construction.
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
Worth a closer look
- 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 58.7% (median 8.6%); Current ratio 1.15 (median 1.43).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 1.7% 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 2021, the sector's weakest year, for this company.
The sector's weakest year was 2021, with a median operating margin of −0.2%. 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 | 75 | weight 40% |
|---|---|---|
| Solidity | 14 | weight 20% |
| Liquidity | 30 | weight 5% |
| Growth | 82 | weight 25% |
| Consistency | 58 | weight 10% |
Three goals: profitability 40%, growth 25%, resilience 35%. Why these weights?
Durability: 49 (average over 3 years)
Index version 3. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Ikm Safe Control AS?
The operating margin was 11.0% in 2025, against a median of 5.6% among companies in the Morning class Small in the same sector. Return on assets was 32.8%.
How solid is Ikm Safe Control AS?
The equity ratio was 10.5% in 2025 (median 33.1%). Debt-to-equity was 8.56 (median 1.77).
What is the liquidity of Ikm Safe Control AS like?
The current ratio was 1.15 in 2025 (median 1.43).
How does Ikm Safe Control AS compare in Teknisk tjenesteyting og forskning?
Ikm Safe Control AS ranks 1,685 of 5,554 in Teknisk tjenesteyting og forskning for 2025. Among companies in the Morning class Small it is number 484 of 1,642. Revenue changed by 58.7% 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.
Group structure · 2025
55 companies in the group according to the shareholder register for 2025. A company counts as a subsidiary when a Norwegian company owns more than half of its shares.
No owner holds more than half of the shares in Ikm Holding AS.
Group accounts. Ikm Holding AS for 2025: index 49 of 100, number 18 of 31 groups. See the group accounts
The group in figures
- Sectors
- Olje og gass (9 companies), Teknisk tjenesteyting og forskning (18 companies), Industri (14 companies), Handel (4 companies), Forretningsmessig tjenesteyting (1 company), Kraft og energi (1 company) and 1 more 48 of 55 companies in the tree have accounts with us. Sectors are sorted by the companies' own revenue, which includes sales between the group's companies.
- Employees in Norway
- 3,088 in all. Sola 1,713, Sandnes 364, Time 210, Askøy 134, Hå 130, Stavanger 86 and 11 more municipalities Registered employees in the Central Coordinating Register, by the municipality of the business address. Employees may work elsewhere.
- Negative equity
- 3 companies: Ikm Well Services AS, Ikm Rada AS, Ikm Welldrone Technologies AS
- Loss
- 17 companies: Ikm Karsten Moholt AS, Ikm Løfteteknikk AS, Stavanger Mekaniske AS, Ikm Solidtech AS, Ikm Well Services AS, Ikm Rada AS …
- Changed 2024–2025
- 8 companies joined the group, among them: Ikm Ptu AS, Ikm Shipping AS, Ikm Prs Services AS, Grimstad Konserves Holding AS, Ikm Løfteteknikk AS, Global Skipsholding Norden 2 AS. 2 companies left, among them: Fusst AS.
A subsidiary with negative equity or a loss may be backed by the group, for example with group contributions or guarantees. It is an indication of what is worth asking about, not an assessment.
-
Ikm Holding AS
-
Ikm Gruppen AS
- Ikm Safe Control AS you are here
- Ikm Flux AS
- Ikm Inspection AS
- Haaland Industri AS
- Ikm Operations AS
- Ikm Løfteteknikk AS
- Ikm Hvac AS
- Ikm Dsc Engineering AS
- Stavanger Mekaniske AS
- Ikm Aquamarine AS
- Ikm Solidtech AS
- Ikm Subsea Motor Solutions AS
- and 13 more companies
- Ikm Inwind AS
-
The tree shows up to 4 levels below the top. Large groups have more companies than shown.
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.
Source: the Norwegian Tax Administration's shareholder register 2025 (majority owner with more than 50 % of the shares). Voting agreements and ownership through other countries are not included.
Public contracts
- Contracts awarded since 2024
- 1
- Total awarded value since 2024
- value not stated
- Framework agreements
- 1
- Left out of the total: the value is a ceiling, not actual spend.
| Date | Buyer | Notice | Value |
|---|---|---|---|
| 10 April 2026 | Lindesnes kommune | Rammeavtaler rådgivende ingeniører m.m. for Lindesnes kommune | value not stated |
| 29 April 2021 | Sandnes kommune | Inspeksjoner av bruer og kaier | 1.1 MNOK |
Based on notices in Doffin. Does not show call-offs under framework agreements or purchases below the publication threshold. Values are as stated by the buyer.
Source: Doffin (DFØ), fetched 27 October 2026. Winners are matched on organisation number.
Contains data under the Norwegian licence for public data (NLOD 2.0) made available by Doffin/the Norwegian Agency for Public and Financial Management (DFØ). NLOD 2.0
From the Central Coordinating Register
- Org. no.
- 976515501
- Legal form
- AS · part of a group
- Sector
- Teknisk tjenesteyting og forskning (71.121)
- Morning company class
- Small
- Employees
- 13 registered 10 September 2025
- Founded
- 5 June 1996 30 years in operation
- Share capital
- 0.19 MNOK
- Business address
- Østre Grenstøl 6, 4900 TVEDESTRAND
- Municipality
- Tvedestrand rank 23–36 of 40 in KOSTRA group 1
- Latest accounts filed
- 2025
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
- 2 (one owner holds more than half)
- Largest owner
- 65.3%
- Split
- companies 100% · private persons 0% · foreign 0%
- Owned from the same municipality
- 35%
- Group chain
-
Owned by: Ikm Gruppen AS (65%)
Ultimate owner: Ikm Holding AS
- Ikm Gruppen AS · 65.3%
- Dinglizar AS · 34.7%
Change 2007–2025:
100% of the shares changed owner (2 new and 2 departed owners). The majority owner changed.
New owners (companies): Dinglizar AS, Ikm Gruppen AS
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 5 November 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 49 | 38 | 60 | |
| Rank | 2,830 | 3,914 | 1,685 | |
| Operating margin | 11.9% | 4.8% | 11.0% | |
| Return on assets | 26.9% | 12.9% | 32.8% | |
| Equity ratio | 11.8% | 15.0% | 10.5% | |
| Current ratio | 1.21 | 1.30 | 1.15 | |
| Revenue growth | – | −6.5% | 58.7% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 17.7 MNOK | 16.5 MNOK | 26.2 MNOK |
| Operating profit | 2.1 MNOK | 0.8 MNOK | 2.9 MNOK |
| Profit before tax | 1.9 MNOK | 0.6 MNOK | 2.8 MNOK |
| Tax expense | 0.4 MNOK | 0.1 MNOK | 0.6 MNOK |
| Net profit | 1.5 MNOK | 0.5 MNOK | 2.2 MNOK |
| Financial expenses | 0.2 MNOK | 0.2 MNOK | 0.1 MNOK |
| Total assets | 7.8 MNOK | 6.2 MNOK | 8.8 MNOK |
| Current assets | 5.5 MNOK | 4.4 MNOK | 7.7 MNOK |
| Equity | 0.9 MNOK | 0.9 MNOK | 0.9 MNOK |
| Retained earnings | 0.7 MNOK | – | – |
| Total liabilities | 6.9 MNOK | 5.2 MNOK | 7.9 MNOK |
| Current liabilities | 4.5 MNOK | 3.4 MNOK | 6.7 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 5 November 2026, accounts id 6967736.
Further
Similar companies
- Erithy AS index 61, rank 1,676 · compare
- Raufoss Automotive AS index 61, rank 1,680 · compare
- Relieff AS index 60, rank 1,688 · compare
- Securmark Scandinavia AS index 60, rank 1,689 · compare
- Rojo Arkitekter AS index 60, rank 1,691 · compare