Code Arkitektur AS
Score · fiscal year 2023
59of 100
How to read this: the company is ahead of 66 % of companies in the Morning class Small in the same sector in 2023. What does this mean?
Rank in the Morning class Small: 422 of 1,243 · What are Morning company classes?
Place in the whole sector: 1,312 of 3,838 · Teknisk tjenesteyting og forskning
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2023, not a verdict on the company. Based on profitability 67 and solidity 61 out of 100 among companies in the Morning class Small in the same sector in 2023. Methodology
Against the sector
Code Arkitektur AS is 9 points above the median for companies in the Morning class Small in the same sector in 2023.
Median score 50 among 1,243 companies.
Against companies in the Morning class Small in the same sector in 2023: operating margin 9.5% (median 5.1%) and equity ratio 42.1% (median 34.1%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 45 MNOK | 19 MNOK |
| Operating margin | 9.5% | 5.1% |
| Profit margin | 9.6% | 5.2% |
| Return on assets | 21.8% | 12.8% |
| Equity ratio | 42.1% | 34.1% |
| Debt-to-equity | 1.38 | 1.79 |
| Current ratio | 1.15 | 1.41 |
| Revenue growth | – | 15.8% |
| Revenue per employee | 1.74 MNOK | 1.45 MNOK |
The median and “ahead of” refer to companies in the Morning class Small in the same sector in 2023. The bar shows the share of companies the figure is ahead of.
With an index of 59, Code Arkitektur AS does better than 66% of companies in the Morning class Small in the same sector (1,243 companies) in 2023.
Score 2023–2025
- Code Arkitektur AS
- Median: companies in the Morning class Small in the same sector
What the numbers say
Code Arkitektur AS had an operating margin of 9.5% and an equity ratio of 42.1% in 2023, and ranks 1,312 of 3,838 in Teknisk tjenesteyting og forskning.
This text is generated automatically from the 2023 accounts.
Three simple methods
The methods give between 13 MNOK and 35 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 18.6 | 31 MNOK |
| EV/EBIT | 15.9 | 35 MNOK |
| P/B | 3.2 | 13 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
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 0.1% of the debt in 2023. The policy rate averaged 3.54 % 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 | 67 | weight 30% |
|---|---|---|
| Solidity | 61 | weight 25% |
| Liquidity | 28 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 73 | weight 15% |
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is Code Arkitektur AS?
The operating margin was 9.5% in 2023, against a median of 5.1% among companies in the Morning class Small in the same sector. Return on assets was 21.8%.
How solid is Code Arkitektur AS?
The equity ratio was 42.1% in 2023 (median 34.1%). Debt-to-equity was 1.38 (median 1.79).
What is the liquidity of Code Arkitektur AS like?
The current ratio was 1.15 in 2023 (median 1.41).
How does Code Arkitektur AS compare in Teknisk tjenesteyting og forskning?
Code Arkitektur AS ranks 1,312 of 3,838 in Teknisk tjenesteyting og forskning for 2023. Among companies in the Morning class Small it is number 422 of 1,243.
Group structure · 2025
2 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 Code Arkitektur AS.
Code Arkitektur AS has not filed group accounts in open data, so the group has no index of its own. Each company has its own accounts.
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Code Arkitektur AS you are here
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.
From the Central Coordinating Register
- Org. no.
- 979395175
- Legal form
- AS
- Sector
- Teknisk tjenesteyting og forskning (71.110)
- Morning company class
- Small
- Employees
- 26 registered 10 September 2025
- Founded
- 27 October 1997 29 years in operation
- Share capital
- 0.12 MNOK
- Business address
- Akersgata 16, 0158 OSLO
- Municipality
- Oslo rank 63–220 of 357 in Norway
- Latest accounts filed
- 2025
- Website
- www.code.no
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.
Shareholders (2025)
- Number of shareholders
- 5
- Largest owner
- 20.0% · top three 60.0%
- Split
- companies 0% · private persons 100% · foreign 0%
- Owned from the same municipality
- 80%
- Owners over 60
- 0% of the shares held by persons (median age 59)
Change 2007–2025: 20% of the shares changed owner (1 new and 1 departed owners).
Majority owner of: Code Bygg AS (100%)
Holds shares in: Code Bygg AS (100%), Orgdot AS (1%)
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 4 November 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 59 | 54 | 57 | |
| Rank | 1,312 | 1,674 | 1,366 | |
| Operating margin | 9.5% | 5.3% | 6.3% | |
| Return on assets | 21.8% | 13.8% | 16.3% | |
| Equity ratio | 42.1% | 45.5% | 48.4% | |
| Current ratio | 1.15 | 1.18 | 1.41 | |
| Revenue growth | – | 1.3% | 2.3% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 45.3 MNOK | 45.9 MNOK | 47.0 MNOK |
| Operating profit | 4.3 MNOK | 2.4 MNOK | 3.0 MNOK |
| Profit before tax | 4.3 MNOK | 2.5 MNOK | 3.0 MNOK |
| Tax expense | 1.0 MNOK | 0.6 MNOK | 0.7 MNOK |
| Net profit | 3.4 MNOK | 1.9 MNOK | 2.3 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Total assets | 19.9 MNOK | 18.3 MNOK | 18.7 MNOK |
| Current assets | 13.2 MNOK | 11.8 MNOK | 13.6 MNOK |
| Equity | 8.4 MNOK | 8.3 MNOK | 9.0 MNOK |
| Retained earnings | 8.2 MNOK | 8.2 MNOK | 8.9 MNOK |
| Total liabilities | 11.5 MNOK | 9.9 MNOK | 9.6 MNOK |
| Current liabilities | 11.5 MNOK | 9.9 MNOK | 9.6 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 4 November 2026, accounts id 4664399.
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