Clockwork AS
Score · fiscal year 2024
37of 100
How to read this: the company is ahead of 22 % of companies in the Morning class Small in the same sector in 2024. What does this mean?
Rank in the Morning class Small: 820 of 1,053 · What are Morning company classes?
Place in the whole sector: 2,490 of 3,254 · Informasjon og kommunikasjon
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 48 and solidity 33 out of 100 among companies in the Morning class Small in the same sector in 2024. Methodology
Against the sector
Clockwork AS is 13 points below the median for companies in the Morning class Small in the same sector in 2024.
Median score 50 among 1,053 companies.
Against companies in the Morning class Small in the same sector in 2024: operating margin 3.9% (median 4.5%) and equity ratio 23.4% (median 34.2%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 22 MNOK | 22 MNOK |
| Operating margin | 3.9% | 4.5% |
| Profit margin | 4.1% | 4.4% |
| Return on assets | 8.1% | 9.0% |
| Equity ratio | 23.4% | 34.2% |
| Debt-to-equity | 3.27 | 1.68 |
| Current ratio | 1.23 | 1.33 |
| Revenue growth | −25.6% | 7.8% |
| Revenue per employee | 2.00 MNOK | 1.73 MNOK |
The median and “ahead of” refer to companies in the Morning class Small in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
With an index of 37, Clockwork AS does better than 22% of companies in the Morning class Small in the same sector (1,053 companies) in 2024.
Score 2023–2025
- Clockwork AS
- Median: companies in the Morning class Small in the same sector
What the numbers say
Clockwork AS had an operating margin of 3.9% and an equity ratio of 23.4% in 2024, and ranks 2,490 of 3,254 in Informasjon og kommunikasjon.
From 2023 to 2024: revenue fell by 26% and the operating margin fell from 7.1% to 3.9%.
This text is generated automatically from the 2024 accounts.
Three simple methods
The methods give between 4 MNOK and 11 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 17.7 | 10 MNOK |
| EV/EBIT | 14.3 | 11 MNOK |
| P/B | 2.6 | 4 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
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 1.7% 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 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 | 48 | weight 30% |
|---|---|---|
| Solidity | 33 | weight 25% |
| Liquidity | 43 | weight 15% |
| Growth | 4 | weight 15% |
| Consistency | 47 | weight 15% |
Durability: 44 (average over 2 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Clockwork AS?
The operating margin was 3.9% in 2024, against a median of 4.5% among companies in the Morning class Small in the same sector. Return on assets was 8.1%.
How solid is Clockwork AS?
The equity ratio was 23.4% in 2024 (median 34.2%). Debt-to-equity was 3.27 (median 1.68).
What is the liquidity of Clockwork AS like?
The current ratio was 1.23 in 2024 (median 1.33).
How does Clockwork AS compare in Informasjon og kommunikasjon?
Clockwork AS ranks 2,490 of 3,254 in Informasjon og kommunikasjon for 2024. Among companies in the Morning class Small it is number 820 of 1,053. Revenue changed by −25.6% from the year before.
Group structure · 2025
6 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 Schjærven AS.
Schjærven 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 (3 companies), Informasjon og kommunikasjon (1 company) 4 of 6 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
- 57 in all. Oslo 57 Registered employees in the Central Coordinating Register, by the municipality of the business address. Employees may work elsewhere.
- Loss
- 2 companies: Schjærven Reklamebyrå AS, S/Pluss 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.
-
Schjærven AS
- Clockwork AS you are here
- Re: Media AS
- Schjærven Reklamebyrå AS
- Produksjonsjefen AS
- S/Pluss 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.
- 985477450
- Legal form
- AS
- Sector
- Informasjon og kommunikasjon (59.110)
- Morning company class
- Small
- Employees
- 11 registered 10 August 2026
- Founded
- 15 January 2003 23 years in operation
- Share capital
- 0.10 MNOK
- Business address
- Mølleparken 4, 0459 OSLO
- Municipality
- Oslo rank 63–220 of 357 in Norway
- 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
- 1 (one owner)
- Largest owner
- 100.0%
- Split
- companies 100% · private persons 0% · foreign 0%
- Owned from the same municipality
- 100%
- Group chain
-
Owned by: Schjærven AS (100%)
Ultimate owner: Schjærven AS
The owner: the majority owner Schjærven AS (holds 100%) 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.
- Schjærven AS · 100.0%
Change 2007–2025: no material change in the owners.
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 | 50 | 37 | 36 | |
| Rank | 1,463 | 2,490 | 2,559 | |
| Operating margin | 7.1% | 3.9% | 2.5% | |
| Return on assets | 49.2% | 8.1% | 4.5% | |
| Equity ratio | 26.0% | 23.4% | 23.7% | |
| Current ratio | 1.21 | 1.23 | 1.20 | |
| Revenue growth | – | −25.6% | −15.1% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 29.6 MNOK | 22.0 MNOK | 18.7 MNOK |
| Operating profit | 2.1 MNOK | 0.9 MNOK | 0.5 MNOK |
| Profit before tax | 2.1 MNOK | 0.9 MNOK | 0.2 MNOK |
| Tax expense | 0.5 MNOK | 0.2 MNOK | 0.1 MNOK |
| Net profit | 1.6 MNOK | 0.7 MNOK | 0.2 MNOK |
| Financial expenses | 4.1 MNOK | 0.2 MNOK | 0.3 MNOK |
| Total assets | 12.6 MNOK | 13.3 MNOK | 12.4 MNOK |
| Current assets | 11.2 MNOK | 12.5 MNOK | 11.4 MNOK |
| Equity | 3.3 MNOK | 3.1 MNOK | 2.9 MNOK |
| Retained earnings | 0.7 MNOK | 0.6 MNOK | 0.4 MNOK |
| Total liabilities | 9.3 MNOK | 10.2 MNOK | 9.5 MNOK |
| Current liabilities | 9.3 MNOK | 10.2 MNOK | 9.5 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 5 November 2026, accounts id 6079447.
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