Orinor AS
Score · fiscal year 2025
45of 100
How to read this: the company is ahead of 36 % of companies in the Morning class Small in the same sector in 2025. What does this mean?
Rank in the Morning class Small: 489 of 760 · What are Morning company classes?
Place in the whole sector: 1,447 of 2,286 · Revisjon, regnskap og rådgivning
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 2 and solidity 96 out of 100 among companies in the Morning class Small in the same sector in 2025. Methodology
Against the sector
Orinor AS is 4 points below the median for companies in the Morning class Small in the same sector in 2025.
Median score 49 among 760 companies.
Against companies in the Morning class Small in the same sector in 2025: operating margin −18.1% (median 9.7%) and equity ratio 75.6% (median 26.8%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 12 MNOK | 20 MNOK |
| Operating margin | −18.1% | 9.7% |
| Profit margin | −17.6% | 10.2% |
| Return on assets | −21.4% | 23.5% |
| Equity ratio | 75.6% | 26.8% |
| Debt-to-equity | 0.32 | 2.65 |
| Current ratio | 3.54 | 1.29 |
| Revenue growth | 2.5% | 8.5% |
| Revenue per employee | 1.08 MNOK | 1.48 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 45, Orinor AS does better than 36% of companies in the Morning class Small in the same sector (760 companies) in 2025.
Score 2023–2025
- Orinor AS
- Median: companies in the Morning class Small in the same sector
Orinor AS has a score of 45 for 2025, rank 1,447 of 2,286 in the sector.
Strongest: Solidity: percentile 96 against peers, equity ratio 75.6% against a median of 26.8%. Liquidity: percentile 96 against peers, current ratio 3.54 against a median of 1.29.
Weakest: Profitability: percentile 2 against peers, operating margin −18.1% against a median of 9.7%. Consistency: percentile 10 against peers.
Worth a closer look
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin −17.6% (median 10.2%).
- The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors? Based on: operating margin −18.1% (median 9.7%).
- What lies behind weak profitability, and will it last?
- What lies behind weak consistency, 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 Orinor AS fell by 1.3 percentage points. Comparable companies rose by a median 0.9 points. So the company did 2.3 points weaker than the industry, for reasons of its own.
Over 2 year-to-year changes Orinor AS moved the same way as comparable companies 0 times. About 5% 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 | −16.8% | 8.7% | −18.5 percentage points | −0.1 percentage points | −18.4 percentage points |
| 2025 | −18.1% | 9.7% | −1.3 percentage points | +0.9 percentage points | −2.3 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 Orinor AS. The figures stand side by side; we claim no cause.
Turnover index: legal and accounting activities (indeks (2021 = 100))
Turnover index: legal and accounting activities rose 4.8% in 2025; the operating margin of Orinor AS fell 1.3 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Turnover index: legal and accounting activities, annual average | 100.4 | 107.7 | 127.0 | 135.2 | 141.7 | 149.6 (so far) |
| Change from the year before | +8.7% | +7.3% | +17.9% | +6.4% | +4.8% | +5.5% |
| The company's operating margin | – | – | 1.8% | −16.8% | −18.1% | – |
Source: SSB (13863, CC BY 4.0). Source
Turnover index: management consultancy (indeks (2021 = 100))
Turnover index: management consultancy rose 6.5% in 2025; the operating margin of Orinor AS fell 1.3 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Turnover index: management consultancy, annual average | 99.4 | 104.0 | 114.9 | 116.0 | 123.6 | 128.7 (so far) |
| Change from the year before | +17.3% | +4.6% | +10.5% | +1.0% | +6.5% | +4.1% |
| The company's operating margin | – | – | 1.8% | −16.8% | −18.1% | – |
Source: SSB (13863, CC BY 4.0). Source
Service prices: legal and accounting (indeks (2021 = 100))
Service prices: legal and accounting rose 4.9% in 2025; the operating margin of Orinor AS fell 1.3 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Service prices: legal and accounting, annual average | 100.0 | 104.8 | 111.8 | 117.4 | 123.2 | 127.0 (so far) |
| Change from the year before | +3.4% | +4.8% | +6.7% | +5.0% | +4.9% | +3.1% |
| The company's operating margin | – | – | 1.8% | −16.8% | −18.1% | – |
Source: SSB (14335, CC BY 4.0). Source
Consumer price index (indeks (2025 = 100))
Consumer price index rose 3.0% in 2025; the operating margin of Orinor AS fell 1.3 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 | – | – | 1.8% | −16.8% | −18.1% | – |
Source: SSB (14710, CC BY 4.0). Source
Policy rate (prosent)
Policy rate fell 0.20 percentage points in 2025; the operating margin of Orinor AS fell 1.3 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 | – | – | 1.8% | −16.8% | −18.1% | – |
Source: Norges Bank (IR, NLOD 2.0). Source
Wage index: legal and accounting (indeks)
Wage index: legal and accounting rose 5.4% in 2025; the operating margin of Orinor AS fell 1.3 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Wage index: legal and accounting, annual average | 86.2 | 89.8 | 93.9 | 99.1 | 104.4 | 108.4 (so far) |
| Change from the year before | +5.1% | +4.3% | +4.5% | +5.6% | +5.4% | +3.8% |
| The company's operating margin | – | – | 1.8% | −16.8% | −18.1% | – |
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
Orinor AS had an operating margin of −18.1% and an equity ratio of 75.6% in 2025, and ranks 1,447 of 2,286 in Revisjon, regnskap og rådgivning.
No large changes in the key figures from 2024 to 2025.
This text is generated automatically from the 2025 accounts.
Three simple methods
One method gives a figure: 15 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 22.4 | not meaningful |
| EV/EBIT | 17.4 | not meaningful |
| P/B | 4.1 | 15 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
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −17.6% (median 10.2%).
- 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 −18.1% (median 9.7%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 0.2% 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 5.4%. Based on the 7 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 2 | weight 30% |
|---|---|---|
| Solidity | 96 | weight 25% |
| Liquidity | 96 | weight 15% |
| Growth | 28 | weight 15% |
| Consistency | 10 | weight 15% |
Durability: 47 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Orinor AS?
The operating margin was −18.1% in 2025, against a median of 9.7% among companies in the Morning class Small in the same sector. Return on assets was −21.4%. The company made a loss before tax.
How solid is Orinor AS?
The equity ratio was 75.6% in 2025 (median 26.8%). Debt-to-equity was 0.32 (median 2.65).
What is the liquidity of Orinor AS like?
The current ratio was 3.54 in 2025 (median 1.29).
How does Orinor AS compare in Revisjon, regnskap og rådgivning?
Orinor AS ranks 1,447 of 2,286 in Revisjon, regnskap og rådgivning for 2025. Among companies in the Morning class Small it is number 489 of 760. Revenue changed by 2.5% from the year before.
From the Central Coordinating Register
- Org. no.
- 983251463
- Legal form
- AS
- Sector
- Revisjon, regnskap og rådgivning (70.200)
- Morning company class
- Small
- Employees
- 11 registered 10 April 2026
- Founded
- 22 January 2001 25 years in operation
- Share capital
- 12.80 MNOK
- Business address
- Markedsgata 3, 9510 ALTA
- Municipality
- Alta rank 5–23 of 27 in KOSTRA group 9
- Latest accounts filed
- 2025
- LEI
- 549300YWIG7TAEDIDX53 not renewed (lapsed)
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.
- Parent company
- Parent does not consolidate the company
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 30 October 2026. The parent is the one the company itself reported to GLEIF.
Shareholders (2025)
- Number of shareholders
- 70
- Largest owner
- 23.2% · top three 52.9%
- Split
- companies 100% · private persons 0% · foreign 0%
- Owners over 60
- 90% of the shares held by persons (median age 79)
- SIVA - SELSKAPET FOR INDUSTRIVEKST SF · 23.2%
- Alta Kraftlag SA · 17.6%
- Norinnova AS · 12.1%
- Varanger Kraft AS · 10.1%
- ALTA KOMMUNE · 6.9%
- Kimek AS · 5.0%
- Tschudi Kirkenes AS · 3.8%
- Infranord SA · 3.7%
- Fiskebeck Holding AS · 2.3%
- Pro Barents AS · 2.2%
- 18 private persons · 0.3%
Change 2007–2025:
59% of the shares changed owner (40 new and 29 departed owners).
New owners (companies): Alsén AS, ALTA ARBEIDERPARTI, AS OSCAR SUNDQUIST KONKURSBO, Atea AS, Barlindhaug AS
Departed (companies): Alta Bok og Papirhandel AS, Alta Invest AS, AS SANDE REISEBYRÅ ALTA, Barlindhaug Consult AS, Bilinvest AS
Majority owner of: Kirkeneskonferansen AS (100%), Finnmarkskonferansen AS (100%)
The portfolio: 4 of the companies it owns shares in have accounts with us, 0 of them as majority owner. The average index is 40. 0 have negative equity and 3 made a loss in the latest year.
Holds shares in: Finnmarkskonferansen AS (100%), Avju Solutions AS (1%), M-Trax AS (3%), Kirkeneskonferansen AS (100%), Orinor AS (1%), Nordkappregionen Næringshage AS (20%)
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 5 November 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 54 | 42 | 45 | |
| Rank | 903 | 1,567 | 1,447 | |
| Operating margin | 1.8% | −16.8% | −18.1% | |
| Return on assets | 3.5% | −15.7% | −21.4% | |
| Equity ratio | 82.4% | 77.7% | 75.6% | |
| Current ratio | 5.04 | 3.97 | 3.54 | |
| Revenue growth | – | −16.9% | 2.5% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 13.9 MNOK | 11.6 MNOK | 11.8 MNOK |
| Operating profit | 0.2 MNOK | −1.9 MNOK | −2.1 MNOK |
| Profit before tax | 0.5 MNOK | −1.9 MNOK | −2.1 MNOK |
| Tax expense | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Net profit | 0.5 MNOK | −1.9 MNOK | −2.1 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Total assets | 13.8 MNOK | 12.1 MNOK | 9.7 MNOK |
| Current assets | 12.2 MNOK | 10.7 MNOK | 8.4 MNOK |
| Equity | 11.4 MNOK | 9.4 MNOK | 7.3 MNOK |
| Retained earnings | −1.4 MNOK | −3.3 MNOK | −5.4 MNOK |
| Total liabilities | 2.4 MNOK | 2.7 MNOK | 2.4 MNOK |
| Current liabilities | 2.4 MNOK | 2.7 MNOK | 2.4 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 5 November 2026, accounts id 7123143.
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