SMARTOPTICS AS
Score · fiscal year 2025
47of 100
How to read this: the company is ahead of 44 % of medium-sized companies in the same sector in 2025. What does this mean?
Rank: 22,035 of 38,670 · Handel
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 74 and solidity 7 out of 100 among medium-sized companies in the same sector in 2025. Methodology
Against the sector
SMARTOPTICS AS is 2 points below the median for medium-sized companies in the same sector in 2025.
Median score 49 among 2,198 companies.
Against medium-sized companies in the same sector in 2025: operating margin 11.3% (median 3.2%) and equity ratio 7.4% (median 32.6%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 639 MNOK | 173 MNOK |
| Operating margin | 11.3% | 3.2% |
| Profit margin | 3.5% | 3.2% |
| Return on assets | 13.9% | 11.6% |
| Equity ratio | 7.4% | 32.6% |
| Debt-to-equity | 12.52 | 2.03 |
| Current ratio | 1.94 | 1.38 |
| Revenue growth | 7.2% | 6.8% |
| Revenue per employee | 79.92 MNOK | 6.45 MNOK |
The median and “ahead of” refer to medium-sized companies in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 47, SMARTOPTICS AS does better than 44% of medium-sized companies in the same sector (2,203 companies) in 2025.
Score 2023–2025
- SMARTOPTICS AS
- Median: medium-sized companies in the same sector
SMARTOPTICS AS has a score of 47 for 2025, rank 22,035 of 38,670 in the sector.
Strongest: Profitability: percentile 74 against peers, operating margin 11.3% against a median of 3.2%. Liquidity: percentile 74 against peers, current ratio 1.94 against a median of 1.38.
Weakest: Solidity: percentile 7 against peers, equity ratio 7.4% against a median of 32.6%. Consistency: percentile 25 against peers.
Worth a closer look
- The equity ratio is very low. Could the company absorb a bad year, and does it need more equity? Based on: equity ratio 7.4% (median 32.6%).
- What lies behind weak solidity, 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
What the numbers say
SMARTOPTICS AS had an operating margin of 11.3% and an equity ratio of 7.4% in 2025, and ranks 22,035 of 38,670 in Handel.
From 2024 to 2025: the operating margin rose from 3.2% to 11.3% and the equity ratio fell from 13.0% to 7.4%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 45 MNOK and 307 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 175 MNOK |
| EV/EBIT | 8.0 | 307 MNOK |
| P/B | 1.0 | 45 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 7.4% (median 32.6%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 11.0% 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.
Data quality
No anomalies found in the figures.
Scenario analysis: the sector's weakest year
We have no accounts for 2017, the sector's weakest year, for this company.
The sector's weakest year was 2017, with a median operating margin of −65.6%. 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 | 74 | weight 30% |
|---|---|---|
| Solidity | 7 | weight 25% |
| Liquidity | 74 | weight 15% |
| Growth | 51 | weight 15% |
| Consistency | 25 | weight 15% |
Durability: 52 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is SMARTOPTICS AS?
The operating margin was 11.3% in 2025, against a median of 3.2% among medium-sized companies in the same sector. Return on assets was 13.9%.
How solid is SMARTOPTICS AS?
The equity ratio was 7.4% in 2025 (median 32.6%). Debt-to-equity was 12.52 (median 2.03).
What is the liquidity of SMARTOPTICS AS like?
The current ratio was 1.94 in 2025 (median 1.38).
How does SMARTOPTICS AS compare in Handel?
SMARTOPTICS AS ranks 22,035 of 38,670 in Handel for 2025. Among companies of the same size (medium-sized companies) it ranks 1,241 of 2,203. Revenue changed by 7.2% from the year before.
From the Central Coordinating Register
- Org. no.
- 987438266
- Legal form
- AS
- Sector
- Handel (46.500)
- Size tier
- medium
- Employees
- 8 registered 10 October 2026
- Founded
- 24 September 2004 22 years in operation
- Share capital
- 0.97 MNOK
- Business address
- Akersgata 32, 0180 OSLO
- Municipality
- Oslo rank 63–221 of 357 in Norway
- Latest accounts filed
- 2025
- Website
- www.smartoptics.com
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
- Chief executive
- Magnus Roger Grenfeldt
- Chair of the board
- Thomas Ramm
- Board member
- Magnus Roger Grenfeldt
- Deputy member
- John Stefan Karlsson
- Auditor
- PRICEWATERHOUSECOOPERS AS
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 | 65 | 44 | 47 | |
| Rank | 8,760 | 23,162 | 22,035 | |
| Operating margin | 14.8% | 3.2% | 11.3% | |
| Return on assets | 36.9% | 19.0% | 13.9% | |
| Equity ratio | 20.3% | 13.0% | 7.4% | |
| Current ratio | 3.84 | 3.39 | 1.94 | |
| Revenue growth | – | −3.7% | 7.2% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 619.9 MNOK | 596.7 MNOK | 639.4 MNOK |
| Operating profit | 92.0 MNOK | 19.2 MNOK | 72.5 MNOK |
| Profit before tax | 91.5 MNOK | 48.5 MNOK | 22.1 MNOK |
| Net profit | 72.3 MNOK | 38.6 MNOK | 17.5 MNOK |
| Financial expenses | 66.5 MNOK | 42.1 MNOK | 61.9 MNOK |
| Total assets | 428.6 MNOK | 477.0 MNOK | 605.9 MNOK |
| Current assets | 398.7 MNOK | 435.2 MNOK | 556.4 MNOK |
| Equity | 87.2 MNOK | 62.2 MNOK | 44.8 MNOK |
| Retained earnings | 64.1 MNOK | 39.1 MNOK | 21.7 MNOK |
| Total liabilities | 341.4 MNOK | 414.8 MNOK | 561.1 MNOK |
| Current liabilities | 103.8 MNOK | 128.2 MNOK | 287.0 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 29 October 2026, accounts id 7089357.
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