Core Computing 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
63of 100
How to read this: the company is ahead of 77 % of companies in the Morning class Small in the same sector in 2025. What does this mean?
Rank in the Morning class Small: 304 of 1,292 · What are Morning company classes?
Place in the whole sector: 983 of 4,282 · Informasjon og kommunikasjon
Profile
Cheetah · Sprinter
High profitability, lower resilience
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 98 and resilience 23 out of 100 among companies in the Morning class Small in the same sector in 2025. Methodology
Against the sector
Core Computing AS is 12 points above the median for companies in the Morning class Small in the same sector in 2025.
Median score 51 among 1,292 companies.
Against companies in the Morning class Small in the same sector in 2025: operating margin 44.4% (median 5.3%) and equity ratio 7.0% (median 35.3%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 20 MNOK | 21 MNOK |
| Operating margin | 44.4% | 5.3% |
| Profit margin | 44.5% | 5.4% |
| Return on assets | 112.6% | 9.7% |
| Equity ratio | 7.0% | 35.3% |
| Debt-to-equity | 13.38 | 1.57 |
| Current ratio | 1.07 | 1.34 |
| Revenue growth | 24.1% | 7.8% |
| Revenue per employee | 3.32 MNOK | 1.93 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 63, Core Computing AS does better than 77% of companies in the Morning class Small in the same sector (1,292 companies) in 2025.
Score 2023–2025
- Core Computing AS
- Median: companies in the Morning class Small in the same sector
Working capital and debt
The accounts for 2025 lack the figures needed: revenue, current assets, current liabilities, debt or financial costs.
Core Computing AS has a score of 63 for 2025, rank 983 of 4,282 in the sector.
Strongest: Profitability: percentile 98 against peers, operating margin 44.4% against a median of 5.3%. Growth: percentile 62 against peers, revenue growth 24.1% against a median of 7.8%.
Weakest: Solidity: percentile 12 against peers, equity ratio 7.0% against a median of 35.3%. Liquidity: percentile 31 against peers, current ratio 1.07 against a median of 1.34.
Worth a closer look
- The equity ratio is very low. Could the company absorb a bad year, and does it need more equity? Based on: equity ratio 7.0% (median 35.3%).
- Strong growth with weak liquidity. Is the growth financed, or does it tie up capital the company does not have? Based on: revenue growth 24.1% (median 7.8%); current ratio 1.07 (median 1.34).
- What lies behind weak solidity, and will it last?
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 Core Computing AS rose by 0.4 percentage points. Comparable companies rose by a median 0.3 points. So the company did 0.0 points better than the industry, for reasons of its own.
Over 2 year-to-year changes Core Computing AS moved the same way as comparable companies 1 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 | 44.0% | 4.9% | +43.2 percentage points | +0.2 percentage points | +43.1 percentage points |
| 2025 | 44.4% | 5.3% | +0.4 percentage points | +0.3 percentage points | +0.0 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 Core Computing 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 Core Computing AS rose 0.4 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 | – | – | 0.8% | 44.0% | 44.4% | – |
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 Core Computing AS rose 0.4 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 | – | – | 0.8% | 44.0% | 44.4% | – |
Source: SSB (13863, CC BY 4.0). Source
USD/NOK (kr)
USD/NOK fell 3.3% in 2025; the operating margin of Core Computing AS rose 0.4 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 | – | – | 0.8% | 44.0% | 44.4% | – |
Source: Norges Bank (EXR, NLOD 2.0). Source
Policy rate (prosent)
Policy rate fell 0.20 percentage points in 2025; the operating margin of Core Computing AS rose 0.4 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 | – | – | 0.8% | 44.0% | 44.4% | – |
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 Core Computing AS rose 0.4 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Consumer price index, annual average | 84.3 | 89.2 | 94.1 | 97.0 | 100.0 | 102.9 (so far) |
| Change from the year before | +3.5% | +5.8% | +5.5% | +3.2% | +3.0% | +2.9% |
| The company's operating margin | – | – | 0.8% | 44.0% | 44.4% | – |
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 Core Computing AS rose 0.4 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 | – | – | 0.8% | 44.0% | 44.4% | – |
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
Core Computing AS had an operating margin of 44.4% and an equity ratio of 7.0% in 2025, and ranks 983 of 4,282 in Informasjon og kommunikasjon.
From 2024 to 2025: revenue grew by 24%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 1 MNOK and 53 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 18.0 | 46 MNOK |
| EV/EBIT | 14.9 | 53 MNOK |
| P/B | 3.6 | 1 MNOK |
| EV/EBIT: from enterprise value to equity | NOK |
|---|---|
| Enterprise value (EV) at the listed multiple | 79 MNOK |
| Enterprise value after the size adjustment | 49 MNOK |
| Less net debt (rough figure) | −4 MNOK |
| Equity value | 53 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 (62): Computer Services.
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
The equity ratio is very low. Could the company absorb a bad year, and does it need more equity?
Based on: Equity ratio 7.0% (median 35.3%).
- 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 24.1% (median 7.8%); Current ratio 1.07 (median 1.34).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 0.5% 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 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 | 98 | weight 40% |
|---|---|---|
| Solidity | 12 | weight 20% |
| Liquidity | 31 | weight 5% |
| Growth | 62 | weight 25% |
| Consistency | 39 | weight 10% |
Three goals: profitability 40%, growth 25%, resilience 35%. Why these weights?
Durability: 54 (average over 3 years)
Index version 3. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Core Computing AS?
The operating margin was 44.4% in 2025, against a median of 5.3% among companies in the Morning class Small in the same sector. Return on assets was 112.6%.
How solid is Core Computing AS?
The equity ratio was 7.0% in 2025 (median 35.3%). Debt-to-equity was 13.38 (median 1.57).
What is the liquidity of Core Computing AS like?
The current ratio was 1.07 in 2025 (median 1.34).
How does Core Computing AS compare in Informasjon og kommunikasjon?
Core Computing AS ranks 983 of 4,282 in Informasjon og kommunikasjon for 2025. Among companies in the Morning class Small it is number 304 of 1,292. Revenue changed by 24.1% 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 |
|---|---|---|---|---|
| Tre Bergen AS |  Cheetah |
20 MNOK | 3.7% | 43 |
| Unic Nettverk AS | Cheetah |
20 MNOK | 9.3% | 61 |
| Hestehov Rådgivning AS |  Elephant |
20 MNOK | 4.2% | 54 |
| Økosoft AS |  Lion |
20 MNOK | 9.8% | 72 |
| Domene AS |  Beaver |
20 MNOK | 2.9% | 28 |
| Devspace Group AS | Cheetah |
20 MNOK | 9.0% | 57 |
| Core Computing AS (this company) | Cheetah |
20 MNOK | 44.4% | 63 |
| Expology Experience Group AS | Cheetah |
20 MNOK | 5.9% | 45 |
| IT Cloud AS | Lion |
20 MNOK | 12.8% | 59 |
The selection is the closest in revenue within the same industry code. When you order, you can swap competitors. Order competitor analysis
From the Central Coordinating Register
- Org. no.
- 979658591
- Legal form
- AS
- Sector
- Informasjon og kommunikasjon (62.200)
- Morning company class
- Small
- Employees
- 6 registered 10 April 2026
- Founded
- 16 February 1998 28 years in operation
- Share capital
- 0.15 MNOK
- Business address
- Slettmyra 5, 4034 STAVANGER
- Municipality
- Stavanger rank 5 of 11 in KOSTRA group 12
- Latest accounts filed
- 2025
- Website
- corecomputing.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 1 November 2026. Only names are shown.
Shareholders (2025)
- Number of shareholders
- 7
- Largest owner
- 8.3% · top three 25.0%
- Split
- companies 42% · private persons 8% · foreign 0%
- Wisser AS · 16.7%
- Skavhaug IT Consulting AS · 16.7%
- Palmar Andre Generasjon AS · 16.7%
- Bergset IT Solutions NUF · 16.7%
- Core Computing AS · 16.7%
- Ksub AS · 0.0%
- 1 private persons · 8.3%
Change 2007–2025:
75% of the shares changed owner (7 new and 3 departed owners).
New owners (companies): Bergset IT Solutions NUF, Core Computing AS, Ksub AS, Palmar Andre Generasjon AS, Skavhaug IT Consulting AS
Holds shares in: Core Computing AS (8%)
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 8 November 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 29 | 70 | 63 | |
| Rank | 3,316 | 527 | 983 | |
| Operating margin | 0.8% | 44.0% | 44.4% | |
| Return on assets | 2.4% | 100.3% | 112.6% | |
| Equity ratio | 11.4% | 4.6% | 7.0% | |
| Current ratio | 1.13 | 1.05 | 1.07 | |
| Revenue growth | – | 59.0% | 24.1% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 10.1 MNOK | 16.0 MNOK | 19.9 MNOK |
| Operating profit | 0.1 MNOK | 7.1 MNOK | 8.8 MNOK |
| Profit before tax | 0.1 MNOK | 7.1 MNOK | 8.8 MNOK |
| Tax expense | – | 1.5 MNOK | 2.0 MNOK |
| Net profit | 0.1 MNOK | 5.5 MNOK | 6.9 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Total assets | 3.4 MNOK | 7.0 MNOK | 7.9 MNOK |
| Current assets | 3.4 MNOK | 7.0 MNOK | 7.9 MNOK |
| Equity | 0.4 MNOK | 0.3 MNOK | 0.5 MNOK |
| Retained earnings | 0.3 MNOK | 0.2 MNOK | 0.4 MNOK |
| Total liabilities | 3.0 MNOK | 6.7 MNOK | 7.3 MNOK |
| Current liabilities | 3.0 MNOK | 6.7 MNOK | 7.3 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 8 November 2026, accounts id 6361939.
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