Nortelecom 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
40of 100
How to read this: the company is ahead of 31 % of companies in the Morning class Micro in the same sector in 2024. What does this mean?
Rank in the Morning class Micro: 1,487 of 2,140 · What are Morning company classes?
Place in the whole sector: 3,034 of 4,239 · Informasjon og kommunikasjon
Profile
Elephant · Steward
Lower profitability, high resilience
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 25 and resilience 62 out of 100 among companies in the Morning class Micro in the same sector in 2024. Methodology
Against the sector
Nortelecom AS is 10 points below the median for companies in the Morning class Micro in the same sector in 2024.
Median score 50 among 2,140 companies.
Against companies in the Morning class Micro in the same sector in 2024: operating margin −6.2% (median 4.1%) and equity ratio 60.9% (median 39.0%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 5 MNOK | 3 MNOK |
| Operating margin | −6.2% | 4.1% |
| Profit margin | −5.3% | 4.0% |
| Return on assets | −9.9% | 7.9% |
| Equity ratio | 60.9% | 39.0% |
| Debt-to-equity | 0.64 | 1.12 |
| Current ratio | 2.54 | 1.52 |
| Revenue growth | −4.5% | 7.5% |
| Revenue per employee | 0.77 MNOK | 0.71 MNOK |
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 40, Nortelecom AS does better than 31% of companies in the Morning class Micro in the same sector (2,140 companies) in 2024.
Score 2023–2025
- Nortelecom AS
- Median: companies in the Morning class Micro in the same sector
Working capital and debt
The accounts for 2024 lack the figures needed: revenue, current assets, current liabilities, debt or financial costs.
What the numbers say
Nortelecom AS had an operating margin of −6.2% and an equity ratio of 60.9% in 2024, and ranks 3,034 of 4,239 in Informasjon og kommunikasjon.
From 2023 to 2024: went from a profit to a loss before tax and the operating margin fell from −0.1% to −6.2%.
This text is generated automatically from the 2024 accounts.
Three simple methods
One method gives a figure: 4 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 18.0 | not meaningful |
| EV/EBIT | 14.9 | not meaningful |
| P/B | 3.6 | 4 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 (62): 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
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −5.3% (median 4.0%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 0.3% 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 | 25 | weight 40% |
|---|---|---|
| Solidity | 66 | weight 20% |
| Liquidity | 73 | weight 5% |
| Growth | 31 | weight 25% |
| Consistency | 48 | weight 10% |
Three goals: profitability 40%, growth 25%, resilience 35%. Why these weights?
Durability: 48 (average over 2 years)
Index version 3. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Nortelecom AS?
The operating margin was −6.2% in 2024, against a median of 4.1% among companies in the Morning class Micro in the same sector. Return on assets was −9.9%. The company made a loss before tax.
How solid is Nortelecom AS?
The equity ratio was 60.9% in 2024 (median 39.0%). Debt-to-equity was 0.64 (median 1.12).
What is the liquidity of Nortelecom AS like?
The current ratio was 2.54 in 2024 (median 1.52).
How does Nortelecom AS compare in Informasjon og kommunikasjon?
Nortelecom AS ranks 3,034 of 4,239 in Informasjon og kommunikasjon for 2024. Among companies in the Morning class Micro it is number 1,487 of 2,140. Revenue changed by −4.5% from the year before.
From the Central Coordinating Register
- Org. no.
- 987911042
- Legal form
- AS
- Sector
- Informasjon og kommunikasjon (62.200)
- Morning company class
- Micro
- Employees
- 7 registered 10 November 2023
- Founded
- 10 February 2005 21 years in operation
- Share capital
- 0.10 MNOK
- Business address
- Bedriftsveien 10, 0950 OSLO
- Municipality
- Oslo rank 63–220 of 357 in Norway
- Audit
- Audit opted out from 23 September 2024
- Latest accounts filed
- 2025
- Website
- nortelecom.no
- LEI
- 98450077C7A1E0755B90 renews 22 January 2027
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
- No parent company: owned by persons
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 31 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 0% · private persons 100% · foreign 0%
- Owned from the same municipality
- 0%
- Group chain
- Ultimate owner: private person
Change 2007–2025: 50% of the shares changed owner (0 new and 1 departed owners). The majority owner changed.
The portfolio: 3 of the companies it owns shares in have accounts with us, 0 of them as majority owner. The average index is 32. 0 have negative equity and 0 made a loss in the latest year.
Holds shares in: DNO ASA (0%), Norwegian Air Shuttle ASA (0%), Telenor ASA (0%), Oncoinvent ASA (0%)
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 7 November 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 56 | 40 | 53 | |
| Rank | 1,635 | 3,034 | 1,926 | |
| Operating margin | −0.1% | −6.2% | −0.2% | |
| Return on assets | 1.2% | −9.9% | 0.7% | |
| Equity ratio | 68.5% | 60.9% | 66.8% | |
| Current ratio | 3.17 | 2.54 | 3.01 | |
| Revenue growth | – | −4.5% | 8.1% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 5.6 MNOK | 5.4 MNOK | 5.8 MNOK |
| Operating profit | 0.0 MNOK | −0.3 MNOK | 0.0 MNOK |
| Profit before tax | 0.0 MNOK | −0.3 MNOK | 0.0 MNOK |
| Tax expense | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Net profit | 0.0 MNOK | −0.3 MNOK | 0.0 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Total assets | 2.9 MNOK | 2.9 MNOK | 2.6 MNOK |
| Current assets | 2.9 MNOK | 2.8 MNOK | 2.6 MNOK |
| Equity | 2.0 MNOK | 1.7 MNOK | 1.8 MNOK |
| Retained earnings | 1.9 MNOK | 1.6 MNOK | 1.7 MNOK |
| Total liabilities | 0.9 MNOK | 1.1 MNOK | 0.9 MNOK |
| Current liabilities | 0.9 MNOK | 1.1 MNOK | 0.9 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 7 November 2026, accounts id 6144697.
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