Bleken Data 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
55of 100
How to read this: the company is ahead of 59 % of companies in the Morning class Micro in the same sector in 2025. What does this mean?
Rank in the Morning class Micro: 855 of 2,081 · What are Morning company classes?
Place in the whole sector: 1,751 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 76 and resilience 36 out of 100 among companies in the Morning class Micro in the same sector in 2025. Methodology
Against the sector
Bleken Data AS is 5 points above the median for companies in the Morning class Micro in the same sector in 2025.
Median score 50 among 2,079 companies.
Against companies in the Morning class Micro in the same sector in 2025: operating margin 19.1% (median 4.4%) and equity ratio 15.1% (median 38.6%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 9 MNOK | 3 MNOK |
| Operating margin | 19.1% | 4.4% |
| Profit margin | 22.2% | 4.3% |
| Return on assets | 30.3% | 9.1% |
| Equity ratio | 15.1% | 38.6% |
| Debt-to-equity | 5.62 | 1.07 |
| Current ratio | 1.14 | 1.50 |
| Revenue growth | 10.4% | 6.1% |
| Revenue per employee | 1.82 MNOK | 0.78 MNOK |
The median and “ahead of” refer to companies in the Morning class Micro in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 55, Bleken Data AS does better than 59% of companies in the Morning class Micro in the same sector (2,081 companies) in 2025.
Score 2023–2025
- Bleken Data AS
- Median: companies in the Morning class Micro 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.
Bleken Data AS has a score of 55 for 2025, rank 1,751 of 4,282 in the sector.
Strongest: Profitability: percentile 76 against peers, operating margin 19.1% against a median of 4.4%. Consistency: percentile 62 against peers.
Weakest: Solidity: percentile 23 against peers, equity ratio 15.1% against a median of 38.6%. Liquidity: percentile 35 against peers, current ratio 1.14 against a median of 1.50.
Worth a closer look
- What lies behind weak solidity, and will it last?
- What lies behind weak liquidity, and will it last?
- The change in operating margin in 2025 was 3.0 percentage points weaker than for comparable companies: the company −2.7, the industry +0.2 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 Bleken Data AS fell by 2.7 percentage points. Comparable companies rose by a median 0.2 points. So the company did 3.0 points weaker than the industry, for reasons of its own.
Over 2 year-to-year changes Bleken Data AS moved the same way as comparable companies 0 times. About 4% 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 | 21.8% | 4.1% | +7.0 percentage points | −0.2 percentage points | +7.2 percentage points |
| 2025 | 19.1% | 4.4% | −2.7 percentage points | +0.2 percentage points | −3.0 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 Bleken Data 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 Bleken Data AS fell 2.7 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 | – | – | 14.9% | 21.8% | 19.1% | – |
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 Bleken Data AS fell 2.7 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 | – | – | 14.9% | 21.8% | 19.1% | – |
Source: SSB (13863, CC BY 4.0). Source
USD/NOK (kr)
USD/NOK fell 3.3% in 2025; the operating margin of Bleken Data AS fell 2.7 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 | – | – | 14.9% | 21.8% | 19.1% | – |
Source: Norges Bank (EXR, NLOD 2.0). Source
Policy rate (prosent)
Policy rate fell 0.20 percentage points in 2025; the operating margin of Bleken Data AS fell 2.7 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 | – | – | 14.9% | 21.8% | 19.1% | – |
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 Bleken Data AS fell 2.7 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 | – | – | 14.9% | 21.8% | 19.1% | – |
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 Bleken Data AS fell 2.7 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 | – | – | 14.9% | 21.8% | 19.1% | – |
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
Bleken Data AS had an operating margin of 19.1% and an equity ratio of 15.1% in 2025, and ranks 1,751 of 4,282 in Informasjon og kommunikasjon.
From 2024 to 2025: the operating margin fell from 21.8% to 19.1% and revenue grew by 10%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 1 MNOK and 17 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 17.4 | 17 MNOK |
| EV/EBIT | 12.4 | 15 MNOK |
| P/B | 1.4 | 1 MNOK |
| EV/EBIT: from enterprise value to equity | NOK |
|---|---|
| Enterprise value (EV) at the listed multiple | 19 MNOK |
| Enterprise value after the size adjustment | 12 MNOK |
| Less net debt (rough figure) | −3 MNOK |
| Equity value | 15 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 (58): 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
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 7.9% 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 | 76 | weight 40% |
|---|---|---|
| Solidity | 23 | weight 20% |
| Liquidity | 35 | weight 5% |
| Growth | 48 | weight 25% |
| Consistency | 62 | weight 10% |
Three goals: profitability 40%, growth 25%, resilience 35%. Why these weights?
Durability: 55 (average over 3 years)
Index version 3. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Bleken Data AS?
The operating margin was 19.1% in 2025, against a median of 4.4% among companies in the Morning class Micro in the same sector. Return on assets was 30.3%.
How solid is Bleken Data AS?
The equity ratio was 15.1% in 2025 (median 38.6%). Debt-to-equity was 5.62 (median 1.07).
What is the liquidity of Bleken Data AS like?
The current ratio was 1.14 in 2025 (median 1.50).
How does Bleken Data AS compare in Informasjon og kommunikasjon?
Bleken Data AS ranks 1,751 of 4,282 in Informasjon og kommunikasjon for 2025. Among companies in the Morning class Micro it is number 855 of 2,081. Revenue changed by 10.4% 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 |
|---|---|---|---|---|
| Agromatic AS |  Cheetah |
10 MNOK | 30.7% | 74 |
| Crobocom AS | Cheetah |
10 MNOK | 18.8% | 59 |
| Intersolia AS | Cheetah |
10 MNOK | 5.4% | 46 |
| Bleken Data AS (this company) | Cheetah |
9 MNOK | 19.1% | 55 |
| K2 Multipack AS |  Beaver |
9 MNOK | −0.2% | 39 |
| Contendo AS | Beaver |
9 MNOK | 5.5% | 43 |
| Diagraphit AS | Cheetah |
9 MNOK | 39.2% | 56 |
| Triolink AS |  Lion |
8 MNOK | 42.8% | 73 |
| Zerosubnet AS | Lion |
8 MNOK | 5.2% | 49 |
The selection is the closest in revenue within the same industry code. When you order, you can swap competitors. Order competitor analysis
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 Bleken Holding AS.
Bleken Holding AS has not filed group accounts in open data, so the group has no index of its own. Each company has its own accounts.
The group in figures
- Sectors
- Informasjon og kommunikasjon (1 company) 1 of 2 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
- 5 in all. Sandefjord 5 Registered employees in the Central Coordinating Register, by the municipality of the business address. Employees may work elsewhere.
-
Bleken Holding AS
- Bleken Data 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.
Public contracts
- Contracts awarded since 2024
- 1
- Total awarded value since 2024
- 2.0 MNOK
| Date | Buyer | Notice | Value |
|---|---|---|---|
| 5 July 2024 | Helsetjenestens driftsorganisasjon for nødnett HF | Intensjonskunngjøring - leie- og kjøpekontrakt mellom HDO HF og Bleken Data AS for MAB-system | 2.0 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.
Dependence on public contracts
Awarded value in the year seen against revenue the same year. This is not a share of revenue: the value is the whole contract, often for several years, and it does not necessarily become revenue that year.
| Year | Contracts | Awarded value | Awarded value against revenue |
|---|---|---|---|
| 2024 | 1 | 2.0 MNOK | 24% |
Largest public buyers since 2024
100% of the awarded value since 2024 came from Helsetjenestens driftsorganisasjon for nødnett HF. Public buyers in all: 1.
| Buyer | Contracts | Value | Share of value |
|---|---|---|---|
| Helsetjenestens driftsorganisasjon for nødnett HF | 1 | 2.0 MNOK | 100% |
Key contracts
The largest contracts by awarded value, framework agreements excluded.
| Date | Buyer | Contract | Value |
|---|---|---|---|
| 5 July 2024 | Helsetjenestens driftsorganisasjon for nødnett HF | Intensjonskunngjøring - leie- og kjøpekontrakt mellom HDO HF og Bleken Data AS for MAB-system | 2.0 MNOK |
- The value is the whole contract as stated by the buyer, often for several years.
- Framework agreements are left out of the sums, since the value is a ceiling. Many frameworks are not marked in Doffin and may still be included.
- Only awards where Doffin gives the company's organisation number.
- Contracts without a stated value are counted but not summed.
- An indication of dependence, not an accounting figure. End dates are rarely in the Doffin data.
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.
- 981203232
- Legal form
- AS
- Sector
- Informasjon og kommunikasjon (58.290)
- Morning company class
- Micro
- Employees
- 5 registered 10 December 2023
- Founded
- 29 October 1999 27 years in operation
- Share capital
- 0.10 MNOK
- Business address
- Skiringssalveien 9, 3211 SANDEFJORD
- Municipality
- Sandefjord rank 2–7 of 10 in KOSTRA group 11
- 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
- 51.0%
- Split
- companies 100% · private persons 0% · foreign 0%
- Owned from the same municipality
- 100%
- Group chain
-
Owned by: Bleken Holding AS (51%)
Ultimate owner: Bleken Holding AS
- Bleken Holding AS · 51.0%
- Bleken Invest AS · 49.0%
Change 2007–2025:
51% of the shares changed owner (1 new and 0 departed owners). The majority owner changed.
New owners (companies): Bleken Holding 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 8 November 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 53 | 58 | 55 | |
| Rank | 1,884 | 1,379 | 1,751 | |
| Operating margin | 14.9% | 21.8% | 19.1% | |
| Return on assets | 23.7% | 28.1% | 30.3% | |
| Equity ratio | 18.9% | 15.6% | 15.1% | |
| Current ratio | 1.18 | 1.14 | 1.14 | |
| Revenue growth | – | 18.4% | 10.4% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 6.9 MNOK | 8.2 MNOK | 9.1 MNOK |
| Operating profit | 1.0 MNOK | 1.8 MNOK | 1.7 MNOK |
| Profit before tax | 1.4 MNOK | 2.3 MNOK | 2.0 MNOK |
| Tax expense | 0.2 MNOK | 0.4 MNOK | 0.4 MNOK |
| Net profit | 1.2 MNOK | 1.8 MNOK | 1.6 MNOK |
| Financial expenses | 0.1 MNOK | 0.1 MNOK | 0.6 MNOK |
| Total assets | 6.6 MNOK | 8.2 MNOK | 8.5 MNOK |
| Current assets | 6.3 MNOK | 7.9 MNOK | 8.2 MNOK |
| Equity | 1.3 MNOK | 1.3 MNOK | 1.3 MNOK |
| Retained earnings | 1.2 MNOK | 1.2 MNOK | 1.2 MNOK |
| Total liabilities | 5.4 MNOK | 6.9 MNOK | 7.2 MNOK |
| Current liabilities | 5.4 MNOK | 6.9 MNOK | 7.2 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 8 November 2026, accounts id 6390543.
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