Devoteam AS
Score · fiscal year 2023
10of 100
How to read this: the company is ahead of 2 % of companies in the Morning class Medium in the same sector in 2023. What does this mean?
Rank in the Morning class Medium: 512 of 522 · What are Morning company classes?
Place in the whole sector: 2,164 of 2,238 · Informasjon og kommunikasjon
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2023, not a verdict on the company. Based on profitability 8 and solidity 5 out of 100 among companies in the Morning class Medium in the same sector in 2023. Methodology
Against the sector
Devoteam AS is 39 points below the median for companies in the Morning class Medium in the same sector in 2023.
Median score 49 among 522 companies.
Against companies in the Morning class Medium in the same sector in 2023: operating margin −11.8% (median 6.4%) and equity ratio 2.4% (median 29.0%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 233 MNOK | 116 MNOK |
| Operating margin | −11.8% | 6.4% |
| Profit margin | −12.9% | 7.2% |
| Return on assets | −22.7% | 12.3% |
| Equity ratio | 2.4% | 29.0% |
| Debt-to-equity | 40.60 | 2.38 |
| Current ratio | 0.90 | 1.19 |
| Revenue growth | – | 10.6% |
| Revenue per employee | 3.20 MNOK | 2.40 MNOK |
The median and “ahead of” refer to companies in the Morning class Medium in the same sector in 2023. The bar shows the share of companies the figure is ahead of.
With an index of 10, Devoteam AS does better than 2% of companies in the Morning class Medium in the same sector (522 companies) in 2023.
Score 2023–2025
- Devoteam AS
- Median: companies in the Morning class Medium in the same sector
What the numbers say
Devoteam AS had an operating margin of −11.8% and an equity ratio of 2.4% in 2023, and ranks 2,164 of 2,238 in Informasjon og kommunikasjon.
This text is generated automatically from the 2023 accounts.
Three simple methods
One method gives a figure: 3 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 3 MNOK |
A mechanical estimate from public accounts, not advice. Mechanical estimate from public accounts with fixed multiples. Not a valuation and not advice to buy or sell. The multiples are provisional default values and must be adjusted per sector before the figures are used for anything. 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 2.4% (median 29.0%).
- watch
Consider strengthening liquidity: current liabilities are 1.1 times current assets.
Based on: Current ratio 0.90 (median 1.19).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −12.9% (median 7.2%).
- 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 −11.8% (median 6.4%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 2.9% 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 2026, the sector's weakest year, for this company.
The sector's weakest year was 2026, with a median operating margin of 4.0%. 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 | 8 | weight 30% |
|---|---|---|
| Solidity | 5 | weight 25% |
| Liquidity | 22 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 9 | weight 15% |
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is Devoteam AS?
The operating margin was −11.8% in 2023, against a median of 6.4% among companies in the Morning class Medium in the same sector. Return on assets was −22.7%. The company made a loss before tax.
How solid is Devoteam AS?
The equity ratio was 2.4% in 2023 (median 29.0%). Debt-to-equity was 40.60 (median 2.38).
What is the liquidity of Devoteam AS like?
The current ratio was 0.90 in 2023 (median 1.19). Current assets did not cover current liabilities.
How does Devoteam AS compare in Informasjon og kommunikasjon?
Devoteam AS ranks 2,164 of 2,238 in Informasjon og kommunikasjon for 2023. Among companies in the Morning class Medium it is number 512 of 522.
Public contracts
- Contracts awarded since 2024
- 4
- Total awarded value since 2024
- 14.9 MNOK
- 2 contracts without a stated value are not in the total.
| Date | Buyer | Notice | Value |
|---|---|---|---|
| 3 August 2026 | Integrerings- og mangfoldsdirektoratet (IMDi) | Løsningsarkitekt | 10.0 MNOK |
| 30 May 2025 | Digitaliseringsdirektoratet | Kontraktstildeling - Dokumentasjonsressurs til Nye Altinn – DPS | 4.9 MNOK |
| 7 May 2024 | Registerenheten i Brønnøysund | Dynamisk innkjøpsordning - Arkitektur | value not stated |
| 11 March 2024 | Registerenheten i Brønnøysund | Dynamisk innkjøpsordning - Prosjektledelse og -støtte | value not stated |
| 29 March 2023 | Vigo IKS | Avtale - skyversjon av ServiceNow som en PaaS løsning | 20.0 MNOK |
| 25 November 2022 | Oslo kommune v/ Utviklings- og kompetanseetaten | Samkjøpsavtale IKT konsulenttjenester | 390.0 MNOK (framework) (5 lots) |
| 7 June 2022 | Integrerings- og mangfoldsdirektoratet (IMDi) | Tilrettelegging av NIR til midlertidig regelverk Ukraina | 0.9 MNOK |
| 9 December 2021 | Nye Veier | Rammeavtale Digitale Tjenester | 52.0 MNOK (framework) |
| 24 August 2021 | Integrerings- og mangfoldsdirektoratet (IMDi) | Prosjektleder Samfunnskunnskapsmodul NIR | 1.1 MNOK |
| 9 December 2020 | Statens vegvesen | Rammeavtale Konsulenttjenester IT-sikkerhet | 20.0 MNOK (framework) |
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.
- 980172015
- Legal form
- AS
- Sector
- Informasjon og kommunikasjon (62.200)
- Morning company class
- Medium
- Employees
- 73 registered 10 October 2026
- Founded
- 1 July 1998 28 years in operation
- Share capital
- 0.79 MNOK
- Business address
- Tollbugata 24, 0157 OSLO
- Municipality
- Oslo rank 63–220 of 357 in Norway
- Latest accounts filed
- 2025
- Website
- www.devoteam.com/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.
Owners and shareholdings will appear here once the shareholder data extract is in place.
Coming · not built yet
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 2 November 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 10 | 47 | 41 | |
| Rank | 2,164 | 1,355 | 1,601 | |
| Operating margin | −11.8% | 5.1% | 3.0% | |
| Return on assets | −22.7% | 9.7% | 9.8% | |
| Equity ratio | 2.4% | 47.5% | 33.8% | |
| Current ratio | 0.90 | 1.02 | 1.02 | |
| Revenue growth | – | −17.2% | −0.5% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 233.4 MNOK | 193.2 MNOK | 192.2 MNOK |
| Operating profit | −27.5 MNOK | 9.8 MNOK | 5.8 MNOK |
| Profit before tax | −30.0 MNOK | 3.8 MNOK | −28.3 MNOK |
| Net profit | −23.4 MNOK | 2.2 MNOK | −29.8 MNOK |
| Financial expenses | 3.3 MNOK | 7.5 MNOK | 35.6 MNOK |
| Total assets | 117.7 MNOK | 115.9 MNOK | 74.7 MNOK |
| Current assets | 69.2 MNOK | 61.3 MNOK | 50.4 MNOK |
| Equity | 2.8 MNOK | 55.0 MNOK | 25.3 MNOK |
| Retained earnings | −12.0 MNOK | – | – |
| Total liabilities | 114.9 MNOK | 60.8 MNOK | 49.5 MNOK |
| Current liabilities | 77.0 MNOK | 60.1 MNOK | 49.5 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 2 November 2026, accounts id 5371805.
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