Spike Distribution AS
Score · fiscal year 2023
38of 100
How to read this: the company is ahead of 32 % of companies in the Morning class Micro in the same sector in 2023. What does this mean?
Rank in the Morning class Micro: 7,138 of 10,542 · What are Morning company classes?
Place in the whole sector: 14,320 of 21,073 · Handel
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2023, not a verdict on the company. Based on profitability 79 and solidity 9 out of 100 among companies in the Morning class Micro in the same sector in 2023. Methodology
Against the sector
Spike Distribution AS is 12 points below the median for companies in the Morning class Micro in the same sector in 2023.
Median score 50 among 10,533 companies.
Against companies in the Morning class Micro in the same sector in 2023: operating margin 15.9% (median 2.6%) and equity ratio 0.7% (median 35.5%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 4 MNOK | 4 MNOK |
| Operating margin | 15.9% | 2.6% |
| Profit margin | 5.4% | 2.0% |
| Return on assets | 15.9% | 5.7% |
| Equity ratio | 0.7% | 35.5% |
| Debt-to-equity | 150.08 | 1.26 |
| Current ratio | 0.90 | 1.79 |
| Revenue growth | – | 6.5% |
The median and “ahead of” refer to companies in the Morning class Micro in the same sector in 2023. The bar shows the share of companies the figure is ahead of.
With an index of 38, Spike Distribution AS does better than 32% of companies in the Morning class Micro in the same sector (10,542 companies) in 2023.
Score 2023–2025
- Spike Distribution AS
- Median: companies in the Morning class Micro in the same sector
What the numbers say
Spike Distribution AS had an operating margin of 15.9% and an equity ratio of 0.7% in 2023, and ranks 14,320 of 21,073 in Handel.
This text is generated automatically from the 2023 accounts.
Three simple methods
The methods give between 0 MNOK and 3 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 2 MNOK |
| EV/EBIT | 8.0 | 3 MNOK |
| P/B | 1.0 | 0 MNOK |
A mechanical estimate from public accounts, not advice. Mechanical estimate from public accounts with fixed multiples. Not a valuation and not advice to buy or sell. The multiples are provisional default values and must be adjusted per sector before the figures are used for anything. See the calculation
Worth a closer look
- watch
The equity ratio is very low. Could the company absorb a bad year, and does it need more equity?
Based on: Equity ratio 0.7% (median 35.5%).
- watch
Consider strengthening liquidity: current liabilities are 1.1 times current assets.
Based on: Current ratio 0.90 (median 1.79).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 11.5% 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 2022, the sector's weakest year, for this company.
The sector's weakest year was 2022, with a median operating margin of 1.5%. Based on the 11 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 79 | weight 30% |
|---|---|---|
| Solidity | 9 | weight 25% |
| Liquidity | 15 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 25 | weight 15% |
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is Spike Distribution AS?
The operating margin was 15.9% in 2023, against a median of 2.6% among companies in the Morning class Micro in the same sector. Return on assets was 15.9%.
How solid is Spike Distribution AS?
The equity ratio was 0.7% in 2023 (median 35.5%). Debt-to-equity was 150.08 (median 1.26).
What is the liquidity of Spike Distribution AS like?
The current ratio was 0.90 in 2023 (median 1.79). Current assets did not cover current liabilities.
How does Spike Distribution AS compare in Handel?
Spike Distribution AS ranks 14,320 of 21,073 in Handel for 2023. Among companies in the Morning class Micro it is number 7,138 of 10,542.
From the Central Coordinating Register
- Org. no.
- 986517243
- Legal form
- AS
- Sector
- Handel (46.420)
- Morning company class
- Micro
- Employees
- 0–4 (not registered)
- Founded
- 7 January 2004 22 years in operation
- Share capital
- 0.10 MNOK
- Business address
- Dronningens gate 8, 4009 STAVANGER
- Municipality
- Stavanger rank 5 of 11 in KOSTRA group 12
- Audit
- Audit opted out from 29 September 2025
- Latest accounts filed
- 2025
- Website
- www.spike.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 29 October 2026. Only names are shown.
Owners and shareholdings will appear here once the shareholder data extract is in place.
Coming · not built yet
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 29 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 38 | 40 | 53 | |
| Rank | 14,320 | 15,094 | 10,210 | |
| Operating margin | 15.9% | 15.6% | 22.8% | |
| Return on assets | 15.9% | 16.7% | 25.7% | |
| Equity ratio | 0.7% | 3.8% | 18.1% | |
| Current ratio | 0.90 | 0.78 | 1.09 | |
| Revenue growth | – | −15.1% | 0.4% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 4.1 MNOK | 3.5 MNOK | 3.5 MNOK |
| Operating profit | 0.7 MNOK | 0.5 MNOK | 0.8 MNOK |
| Profit before tax | 0.2 MNOK | 0.1 MNOK | 0.6 MNOK |
| Net profit | 0.2 MNOK | 0.1 MNOK | 0.4 MNOK |
| Financial expenses | 0.6 MNOK | 0.5 MNOK | 0.3 MNOK |
| Total assets | 4.9 MNOK | 3.6 MNOK | 3.2 MNOK |
| Current assets | 2.2 MNOK | 0.9 MNOK | 0.7 MNOK |
| Equity | 0.0 MNOK | 0.1 MNOK | 0.6 MNOK |
| Retained earnings | −0.1 MNOK | 0.0 MNOK | 0.5 MNOK |
| Total liabilities | 4.9 MNOK | 3.5 MNOK | 2.6 MNOK |
| Current liabilities | 2.4 MNOK | 1.2 MNOK | 0.6 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 29 October 2026, accounts id 5041637.
Further
Similar companies
- Søstra til Morten AS index 38, rank 14,316 · compare
- Den Kreative Spire AS index 38, rank 14,319 · compare
- Aski AS index 38, rank 14,321 · compare
- X-Partner Salten AS index 38, rank 14,322 · compare
- Anolytech Norge AS index 38, rank 14,325 · compare