Bahnhof AS
Accounts for 2025 are missing. The deadline was 31 July 2026. The Brønnøysund Register Centre does not publish when accounts arrived, only the latest year filed.
Score · fiscal year 2024
33of 100
How to read this: the company is ahead of 18 % of companies in the Morning class Small in the same sector in 2024. What does this mean?
Rank in the Morning class Small: 810 of 992 · What are Morning company classes?
Place in the whole sector: 2,507 of 3,097 · Informasjon og kommunikasjon
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 22 and solidity 76 out of 100 among companies in the Morning class Small in the same sector in 2024. Methodology
Against the sector
Bahnhof AS is 17 points below the median for companies in the Morning class Small in the same sector in 2024.
Median score 50 among 992 companies.
Against companies in the Morning class Small in the same sector in 2024: operating margin −8.6% (median 4.4%) and equity ratio 58.6% (median 34.1%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 23 MNOK | 23 MNOK |
| Operating margin | −8.6% | 4.4% |
| Profit margin | −9.0% | 4.1% |
| Return on assets | −6.0% | 8.8% |
| Equity ratio | 58.6% | 34.1% |
| Debt-to-equity | 0.71 | 1.68 |
| Current ratio | 0.77 | 1.33 |
| Revenue growth | −43.5% | 7.8% |
| Revenue per employee | 1.21 MNOK | 1.69 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 33, Bahnhof AS does better than 18% of companies in the Morning class Small in the same sector (992 companies) in 2024.
Score 2022–2024
- Bahnhof AS
- Median: companies in the Morning class Small in the same sector
Bahnhof AS has a score of 33 for 2024, rank 2,507 of 3,097 in the sector.
Strongest: Solidity: percentile 76 against peers, equity ratio 58.6% against a median of 34.1%.
Weakest: Growth: percentile 2 against peers, revenue growth −43.5% against a median of 7.8%. Liquidity: percentile 17 against peers, current ratio 0.77 against a median of 1.33.
Worth a closer look
- Consider strengthening liquidity: current liabilities are 1.3 times current assets. Based on: current ratio 0.77 (median 1.33).
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin −9.0% (median 4.1%).
- The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors? Based on: operating margin −8.6% (median 4.4%).
- What lies behind weak growth, 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 2024 the operating margin of Bahnhof AS rose by 9.3 percentage points. Comparable companies rose by a median 0.1 points. So the company did 9.2 points better than the industry, for reasons of its own.
Over 2 year-to-year changes Bahnhof AS moved the same way as comparable companies 1 times. About 15% 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 |
|---|---|---|---|---|---|
| 2023 | −18.0% | 4.3% | +41.4 percentage points | +7.7 percentage points | +33.7 percentage points |
| 2024 | −8.6% | 4.4% | +9.3 percentage points | +0.1 percentage points | +9.2 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 Bahnhof AS. The figures stand side by side; we claim no cause.
Turnover index: information and communication (indeks (2021 = 100))
Turnover index: information and communication rose 1.5% in 2024; the operating margin of Bahnhof AS rose 9.3 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 | – | −59.4% | −18.0% | −8.6% | – | – |
Source: SSB (13863, CC BY 4.0). Source
USD/NOK (kr)
USD/NOK rose 1.7% in 2024; the operating margin of Bahnhof AS rose 9.3 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 | – | −59.4% | −18.0% | −8.6% | – | – |
Source: Norges Bank (EXR, NLOD 2.0). Source
Policy rate (prosent)
Policy rate rose 0.96 percentage points in 2024; the operating margin of Bahnhof AS rose 9.3 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 | – | −59.4% | −18.0% | −8.6% | – | – |
Source: Norges Bank (IR, NLOD 2.0). Source
Consumer price index (indeks (2025 = 100))
Consumer price index rose 3.2% in 2024; the operating margin of Bahnhof AS rose 9.3 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 | – | −59.4% | −18.0% | −8.6% | – | – |
Source: SSB (14710, 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
Bahnhof AS had an operating margin of −8.6% and an equity ratio of 58.6% in 2024, and ranks 2,507 of 3,097 in Informasjon og kommunikasjon.
From 2023 to 2024: the equity ratio rose from 22.2% to 58.6% and the operating margin rose from −18.0% to −8.6%.
This text is generated automatically from the 2024 accounts.
Three simple methods
One method gives a figure: 16 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 17.7 | not meaningful |
| EV/EBIT | 14.3 | not meaningful |
| P/B | 2.6 | 16 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
Consider strengthening liquidity: current liabilities are 1.3 times current assets.
Based on: Current ratio 0.77 (median 1.33).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −9.0% (median 4.1%).
- 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 −8.6% (median 4.4%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 9.3% 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 | 22 | weight 30% |
|---|---|---|
| Solidity | 76 | weight 25% |
| Liquidity | 17 | weight 15% |
| Growth | 2 | weight 15% |
| Consistency | 34 | weight 15% |
Durability: 21 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Bahnhof AS?
The operating margin was −8.6% in 2024, against a median of 4.4% among companies in the Morning class Small in the same sector. Return on assets was −6.0%. The company made a loss before tax.
How solid is Bahnhof AS?
The equity ratio was 58.6% in 2024 (median 34.1%). Debt-to-equity was 0.71 (median 1.68).
What is the liquidity of Bahnhof AS like?
The current ratio was 0.77 in 2024 (median 1.33). Current assets did not cover current liabilities.
How does Bahnhof AS compare in Informasjon og kommunikasjon?
Bahnhof AS ranks 2,507 of 3,097 in Informasjon og kommunikasjon for 2024. Among companies in the Morning class Small it is number 810 of 992. Revenue changed by −43.5% from the year before.
Public contracts
- Contracts awarded since 2024
- 1
- Total awarded value since 2024
- value not stated
- 1 contracts without a stated value are not in the total.
| Date | Buyer | Notice | Value |
|---|---|---|---|
| 23 February 2025 | Strand Kommune | Intensjonskunngjøring – Anskaffelse løsning for satelittbredbånd | value not stated |
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.
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.
- 985662193
- Legal form
- AS
- Sector
- Informasjon og kommunikasjon (61.100)
- Morning company class
- Small
- Employees
- 19 registered 10 September 2026
- Founded
- 10 April 2003 23 years in operation
- Share capital
- 4.48 MNOK
- Business address
- Svartdalsveien 9, 1543 VESTBY
- Municipality
- Vestby rank 4 of 38 in KOSTRA group 7
- Latest accounts filed
- 2024
- Website
- www.brdy.no
- LEI
- 549300BDNZVVZQ086Q23 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
- Bigblu Broadband LIMITED (United Kingdom)
Foreign-owned according to GLEIF.
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
- 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: Brdy Holding AS (100%)
Ultimate owner: Bahnhof AB
- Brdy Holding AS · 100.0%
Change 2007–2025:
100% of the shares changed owner (1 new and 9 departed owners). The majority owner changed.
New owners (companies): Brdy Holding AS
Departed (companies): Gipz AS, Kontor og Grafisk Data 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.
Figures last fetched 5 November 2026.
Year by year · 2022–2024
| Key figure | 2022 | 2023 | 2024 | Trend |
|---|---|---|---|---|
| Index | 8 | 22 | 33 | |
| Rank | 40 | 2,628 | 2,507 | |
| Operating margin | −59.4% | −18.0% | −8.6% | |
| Return on assets | −57.7% | −24.8% | −6.0% | |
| Equity ratio | −84.4% | 22.2% | 58.6% | |
| Current ratio | 0.85 | 0.64 | 0.77 | |
| Revenue growth | – | −11.3% | −43.5% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2022 | 2023 | 2024 |
|---|---|---|---|
| Operating revenue | 45.9 MNOK | 40.7 MNOK | 23.0 MNOK |
| Operating profit | −27.2 MNOK | −7.3 MNOK | −2.0 MNOK |
| Profit before tax | −27.7 MNOK | −15.6 MNOK | −2.1 MNOK |
| Tax expense | 8.5 MNOK | 0.0 MNOK | 0.0 MNOK |
| Net profit | −36.1 MNOK | −15.6 MNOK | −2.1 MNOK |
| Financial expenses | 5.1 MNOK | 8.4 MNOK | 0.8 MNOK |
| Total assets | 39.1 MNOK | 29.0 MNOK | 21.1 MNOK |
| Current assets | 26.4 MNOK | 12.2 MNOK | 6.2 MNOK |
| Equity | −33.0 MNOK | 6.4 MNOK | 12.4 MNOK |
| Retained earnings | −58.6 MNOK | −74.2 MNOK | −68.2 MNOK |
| Total liabilities | 72.2 MNOK | 22.5 MNOK | 8.8 MNOK |
| Current liabilities | 31.0 MNOK | 19.1 MNOK | 8.0 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 5 November 2026, accounts id 6336217.
Further
Similar companies
- Labrador Cms AS index 33, rank 2,496 · compare
- Cemit Digital AS index 33, rank 2,499 · compare
- Innova Dynamics AS index 33, rank 2,506 · compare
- Skytech Control AS index 33, rank 2,509 · compare
- Exigo AS index 33, rank 2,515 · compare