Safe 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 2024
36of 100
How to read this: the company is ahead of 26 % of companies in the Morning class Micro in the same sector in 2024. What does this mean?
Rank in the Morning class Micro: 3,002 of 4,045 · What are Morning company classes?
Place in the whole sector: 4,827 of 6,381 · Informasjon og kommunikasjon
Profile
Beaver · Builder
Lower profitability, lower resilience
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 19 and resilience 36 out of 100 among companies in the Morning class Micro in the same sector in 2024. Methodology
Against the sector
Safe Computing AS is 15 points below the median for companies in the Morning class Micro in the same sector in 2024.
Median score 51 among 4,045 companies.
Against companies in the Morning class Micro in the same sector in 2024: operating margin −17.6% (median 6.2%) and equity ratio 35.0% (median 38.9%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 1 MNOK | 3 MNOK |
| Operating margin | −17.6% | 6.2% |
| Profit margin | −41.3% | 6.6% |
| Return on assets | −5.2% | 12.1% |
| Equity ratio | 35.0% | 38.9% |
| Debt-to-equity | 1.86 | 1.13 |
| Current ratio | 0.99 | 1.54 |
| Revenue growth | −1.4% | 9.0% |
The median and “ahead of” refer to companies in the Morning class Micro in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
With an index of 36, Safe Computing AS does better than 26% of companies in the Morning class Micro in the same sector (4,045 companies) in 2024.
Score 2023–2025
- Safe Computing AS
- Median: companies in the Morning class Micro 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. |
coming | – | |
| 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. |
coming | – | |
| Net working capital to revenue Current assets less bank deposits less current liabilities, divided by revenue. Negative: short-term debt funds the operations. |
−3.6% | −9.7% | |
| Cash share of current assets How much of the short-term buffer is bank deposits and cash. |
0.5% | 56.2% | |
| 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. |
−0.7 | 10.5 | |
| 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. |
11.6% | 0.7% | |
| 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% | |
The operating result is negative, so the interest coverage is negative: operations cover none of the financial costs.
Net working capital (current assets less bank deposits less current liabilities): 0.0 MNOK.
The median and the bar refer to companies in the Morning class Micro in the same sector in 2024. 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.
Receivable days and inventory are shown once older accounts have been read again from the raw data. This happens by itself, without new calls to the Brønnøysund Register Centre.
What the numbers say
Safe Computing AS had an operating margin of −17.6% and an equity ratio of 35.0% in 2024, and ranks 4,827 of 6,381 in Informasjon og kommunikasjon.
From 2023 to 2024: the operating margin rose from −226.8% to −17.6% and the equity ratio rose from 17.4% to 35.0%.
This text is generated automatically from the 2024 accounts.
Three simple methods
One method gives a figure: 3 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 18.0 | not meaningful |
| EV/EBIT | 14.9 | not meaningful |
| P/B | 3.6 | 3 MNOK |
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 (63): 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
- critical
The operating result does not cover the financial costs. How will the debt be serviced, and what do the lenders say?
Based on: Interest coverage (times) −0.7 (median 10.5); Financial costs as a share of debt 11.6% (median 0.7%).
- watch
Consider strengthening liquidity: current liabilities are 1.0 times current assets.
Based on: Current ratio 0.99 (median 1.54).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −41.3% (median 6.6%).
- 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 −17.6% (median 6.2%).
- watch
Current liabilities exceed current assets other than bank deposits, and the current ratio is weak. Is it customer prepayments and supplier credit that fund the operations, or short-term loans that must be renewed?
Based on: Net working capital to revenue −3.6% (median −9.7%); Current ratio 0.99 (median 1.54).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 11.6% of the debt in 2024. The policy rate averaged 4.50 % 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 2022, the sector's weakest year, for this company.
The sector's weakest year was 2022, with a median operating margin of 4.6%. 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 | 19 | weight 40% |
|---|---|---|
| Solidity | 41 | weight 20% |
| Liquidity | 23 | weight 5% |
| Growth | 65 | weight 25% |
| Consistency | 32 | weight 10% |
Three goals: profitability 40%, growth 25%, resilience 35%. Why these weights?
Durability: 24 (average over 2 years)
Index version 3. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Safe Computing AS?
The operating margin was −17.6% in 2024, against a median of 6.2% among companies in the Morning class Micro in the same sector. Return on assets was −5.2%. The company made a loss before tax.
How solid is Safe Computing AS?
The equity ratio was 35.0% in 2024 (median 38.9%). Debt-to-equity was 1.86 (median 1.13).
What is the liquidity of Safe Computing AS like?
The current ratio was 0.99 in 2024 (median 1.54). Current assets did not cover current liabilities.
How does Safe Computing AS compare in Informasjon og kommunikasjon?
Safe Computing AS ranks 4,827 of 6,381 in Informasjon og kommunikasjon for 2024. Among companies in the Morning class Micro it is number 3,002 of 4,045. Revenue changed by −1.4% from the year before.
Group structure · 2025
14 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.
Private persons own 100% of the shares in Scott Investment AS. Persons are not shown by name.
Scott Investment 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
- Handel (7 companies), Revisjon, regnskap og rådgivning (1 company), Informasjon og kommunikasjon (1 company), Eiendom (3 companies) 12 of 14 companies in the tree have accounts with us. Sectors are sorted by the companies' own revenue, which includes sales between the group's companies.
- Negative equity
- 3 companies: Løkken Gård AS, Nordre Rekvin 2 AS, Oda Invest AS
- Loss
- 12 companies: Safe Bil AS, Safe Consulting AS, Safe Management AS, Safe Computing AS, Safe Logistic AS, Løkken Gård AS …
- Changed 2024–2025
- 2 companies joined the group: Blyqon AS, Blyqon Holding AS.
A subsidiary with negative equity or a loss may be backed by the group, for example with group contributions or guarantees. It is an indication of what is worth asking about, not an assessment.
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.
- 985173621
- Legal form
- AS
- Sector
- Informasjon og kommunikasjon (63.100)
- Morning company class
- Micro
- Employees
- 0–4 (not registered)
- Founded
- 8 November 2002 24 years in operation
- Share capital
- 1.00 MNOK
- Business address
- Strykerveien 2, 1658 TORP (FREDRIKSTAD)
- Municipality
- Fredrikstad rank 11 of 11 in KOSTRA group 12
- Audit
- Audit opted out from 27 November 2015
- 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 7 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: Oda Invest AS (100%)
Ultimate owner: private person
The owner: the majority owner Oda Invest AS (holds 100%) had negative equity in 2025. made a loss in 2025. A weak parent can affect the subsidiary through group contributions, loans and guarantees. It is an indication to watch, not an assessment of the company.
- Oda Invest 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): Oda Invest AS
Departed (companies): Safe Innovations 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 9 November 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 12 | 36 | 39 | |
| Rank | 5,500 | 4,827 | 4,822 | |
| Operating margin | −226.8% | −17.6% | −1.4% | |
| Return on assets | −37.4% | −5.2% | −0.5% | |
| Equity ratio | 17.4% | 35.0% | 39.6% | |
| Current ratio | 0.94 | 0.99 | 1.09 | |
| Revenue growth | – | −1.4% | 0.4% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 1.2 MNOK | 1.2 MNOK | 1.2 MNOK |
| Operating profit | −2.8 MNOK | −0.2 MNOK | 0.0 MNOK |
| Profit before tax | −3.1 MNOK | −0.5 MNOK | 0.0 MNOK |
| Tax expense | −0.7 MNOK | −0.1 MNOK | 0.0 MNOK |
| Net profit | −2.4 MNOK | −0.4 MNOK | 0.0 MNOK |
| Financial expenses | 0.4 MNOK | 0.3 MNOK | 0.0 MNOK |
| Total assets | 7.4 MNOK | 3.9 MNOK | 3.4 MNOK |
| Current assets | 5.5 MNOK | 2.5 MNOK | 2.3 MNOK |
| Equity | 1.3 MNOK | 1.4 MNOK | 1.4 MNOK |
| Retained earnings | −9.8 MNOK | −9.7 MNOK | −9.7 MNOK |
| Total liabilities | 6.1 MNOK | 2.6 MNOK | 2.1 MNOK |
| Current liabilities | 5.9 MNOK | 2.6 MNOK | 2.1 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 9 November 2026, accounts id 6130107.
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