Intertek Certification 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 2023
53of 100
How to read this: the company is ahead of 53 % of companies in the Morning class Small in the same sector in 2023. What does this mean?
Rank in the Morning class Small: 817 of 1,735 · What are Morning company classes?
Place in the whole sector: 4,136 of 9,006 · Teknisk tjenesteyting og forskning
Profile
Elephant · Steward
Lower profitability, high resilience
Position against comparable companies in 2023, not a verdict on the company. Based on profitability 49 and resilience 58 out of 100 among companies in the Morning class Small in the same sector in 2023. Methodology
Against the sector
Intertek Certification AS is 2 points above the median for companies in the Morning class Small in the same sector in 2023.
Median score 51 among 1,735 companies.
Against companies in the Morning class Small in the same sector in 2023: operating margin 5.6% (median 5.5%) and equity ratio 37.6% (median 34.3%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 15 MNOK | 18 MNOK |
| Operating margin | 5.6% | 5.5% |
| Profit margin | 5.0% | 5.6% |
| Return on assets | 11.5% | 13.3% |
| Equity ratio | 37.6% | 34.3% |
| Debt-to-equity | 1.66 | 1.74 |
| Current ratio | 1.60 | 1.42 |
| Revenue growth | – | 36.1% |
| Revenue per employee | 2.51 MNOK | 1.58 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 53, Intertek Certification AS does better than 53% of companies in the Morning class Small in the same sector (1,735 companies) in 2023.
Score 2023–2025
- Intertek Certification AS
- Median: companies in the Morning class Small in the same sector
Working capital and debt
| Measure | Company | Median | |
|---|---|---|---|
| Working capital | |||
| Receivable days All current receivables, including those on group companies, in days of revenue. |
193 days | 75 days | |
| Inventory and other current assets, days Current assets other than receivables and bank deposits, that is inventory and short-term investments, in days of revenue. |
0 days | 0 days | |
| Net working capital to revenue Current assets less bank deposits less current liabilities, divided by revenue. Negative: short-term debt funds the operations. |
19.2% | −3.4% | |
| Cash share of current assets How much of the short-term buffer is bank deposits and cash. |
1.9% | 37.5% | |
| Debt and interest burden | |||
| Interest coverage (times) Operating result divided by all financial costs. Below 1: operations do not cover the cost of the debt. |
4.8 | 11.5 | |
| Financial costs as a share of debt All financial costs (interest, currency losses and other) divided by all debt, interest-free debt included. Not an interest rate. |
3.4% | 0.8% | |
| Long-term share of debt Long-term debt as a share of all debt. A low share means more falls due within a year. |
0.0% | 0.0% | |
Net working capital (current assets less bank deposits less current liabilities): 2.9 MNOK.
The median and the bar refer to companies in the Morning class Small in the same sector in 2023. The bar shows the share of the group with a lower figure: higher is not always better, long receivable days tie up capital, for example. These figures do not count in the score.
What the numbers say
Intertek Certification AS had an operating margin of 5.6% and an equity ratio of 37.6% in 2023, and ranks 4,136 of 9,006 in Teknisk tjenesteyting og forskning.
This text is generated automatically from the 2023 accounts.
Three simple methods
The methods give between 6 MNOK and 8 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 18.6 | 6 MNOK |
| EV/EBIT | 15.9 | 8 MNOK |
| P/B | 3.2 | 6 MNOK |
| EV/EBIT: from enterprise value to equity | NOK |
|---|---|
| Enterprise value (EV) at the listed multiple | 13 MNOK |
| Enterprise value after the size adjustment | 8 MNOK |
| Less net debt (rough figure) | 0 MNOK |
| Equity value | 8 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 NACE code has no listed industry of its own in the table, so the multiples are the sector median: Engineering/Construction, Business & Consumer 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
Receivables equal far more days of revenue than at comparable companies. Do customers pay late, or are these loans to companies in the same group?
Based on: Receivable days 193 days (median 75 days).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 3.4% 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 10 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 49 | weight 40% |
|---|---|---|
| Solidity | 53 | weight 20% |
| Liquidity | 61 | weight 5% |
| Growth | – | no data, left out |
| Consistency | 67 | weight 10% |
Three goals: profitability 40%, growth 25%, resilience 35%. Why these weights?
Index version 3. Data completeness 75%: the share of the weights that had data.
Questions and answers
How profitable is Intertek Certification AS?
The operating margin was 5.6% in 2023, against a median of 5.5% among companies in the Morning class Small in the same sector. Return on assets was 11.5%.
How solid is Intertek Certification AS?
The equity ratio was 37.6% in 2023 (median 34.3%). Debt-to-equity was 1.66 (median 1.74).
What is the liquidity of Intertek Certification AS like?
The current ratio was 1.60 in 2023 (median 1.42).
How does Intertek Certification AS compare in Teknisk tjenesteyting og forskning?
Intertek Certification AS ranks 4,136 of 9,006 in Teknisk tjenesteyting og forskning for 2023. Among companies in the Morning class Small it is number 817 of 1,735.
Group structure · 2025
4 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.
Intertek Testing Services Holdings (foreign company) owns 100% of the shares in Intertek Holdings Norge AS.
Intertek Holdings Norge 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
- Teknisk tjenesteyting og forskning (4 companies) 4 of 4 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
- 150 in all. Sola 118, Sandefjord 32 Registered employees in the Central Coordinating Register, by the municipality of the business address. Employees may work elsewhere.
-
Intertek Holdings Norge AS
- Intertek Certification AS you are here
- Intertek West Lab AS
- Intertek Inspection Services Scandinavia AS
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.
- 982573467
- Legal form
- AS
- Sector
- Teknisk tjenesteyting og forskning (71.200)
- Morning company class
- Small
- Employees
- 6 registered 10 September 2026
- Founded
- 10 August 2000 26 years in operation
- Share capital
- 0.10 MNOK
- Business address
- Rådhusgata 15, 3211 SANDEFJORD
- Municipality
- Sandefjord rank 2–7 of 10 in KOSTRA group 11
- Latest accounts filed
- 2025
- Website
- www.intertek.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
- 1 (one owner)
- Largest owner
- 100.0%
- Split
- companies 100% · private persons 0% · foreign 0%
- Owned from the same municipality
- 0%
- Group chain
-
Owned by: Intertek Holdings Norge AS (100%)
Ultimate owner: INTERTEK TESTING SERVICES HOLDINGS
- Intertek Holdings Norge AS · 100.0%
Change 2007–2025:
100% of the shares changed owner (1 new and 1 departed owners). The majority owner changed.
New owners (companies): Intertek Holdings Norge AS
Departed (companies): Intertek Inspection Services Scandinavia 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 | 42 | 55 | |
| Rank | 4,136 | 6,258 | 4,238 | |
| Operating margin | 5.6% | −0.8% | 7.0% | |
| Return on assets | 11.5% | −0.5% | 11.5% | |
| Equity ratio | 37.6% | 43.2% | 28.6% | |
| Current ratio | 1.60 | 1.76 | 1.40 | |
| Revenue growth | – | 22.7% | 36.4% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 15.0 MNOK | 18.5 MNOK | 25.2 MNOK |
| Operating profit | 0.8 MNOK | −0.1 MNOK | 1.8 MNOK |
| Profit before tax | 0.8 MNOK | −0.1 MNOK | 1.7 MNOK |
| Tax expense | 0.2 MNOK | 0.0 MNOK | 0.4 MNOK |
| Net profit | 0.5 MNOK | −0.1 MNOK | 1.3 MNOK |
| Financial expenses | 0.2 MNOK | 0.1 MNOK | 0.1 MNOK |
| Total assets | 8.1 MNOK | 7.3 MNOK | 15.5 MNOK |
| Current assets | 8.1 MNOK | 7.3 MNOK | 15.5 MNOK |
| Equity | 3.0 MNOK | 3.1 MNOK | 4.4 MNOK |
| Retained earnings | 2.9 MNOK | 3.0 MNOK | 4.3 MNOK |
| Total liabilities | 5.1 MNOK | 4.1 MNOK | 11.0 MNOK |
| Current liabilities | 5.1 MNOK | 4.1 MNOK | 11.0 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 8 November 2026, accounts id 4702845.
Further
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