Palking 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 2025
48of 100
How to read this: the company is ahead of 43 % of companies in the Morning class Small in the same sector in 2025. What does this mean?
Rank in the Morning class Small: 540 of 942 · What are Morning company classes?
Place in the whole sector: 1,914 of 3,401 · Revisjon, regnskap og rådgivning
Profile
Elephant · Steward
Lower profitability, high resilience
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 18 and resilience 78 out of 100 among companies in the Morning class Small in the same sector in 2025. Methodology
Against the sector
Palking AS is 3 points below the median for companies in the Morning class Small in the same sector in 2025.
Median score 51 among 942 companies.
Against companies in the Morning class Small in the same sector in 2025: operating margin 0.3% (median 9.7%) and equity ratio 53.2% (median 26.2%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 19 MNOK | 18 MNOK |
| Operating margin | 0.3% | 9.7% |
| Profit margin | 1.1% | 10.3% |
| Return on assets | 3.8% | 23.8% |
| Equity ratio | 53.2% | 26.2% |
| Debt-to-equity | 0.88 | 2.66 |
| Current ratio | 2.03 | 1.29 |
| Revenue growth | 12.3% | 8.3% |
| Revenue per employee | 1.89 MNOK | 1.59 MNOK |
The median and “ahead of” refer to companies in the Morning class Small in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 48, Palking AS does better than 43% of companies in the Morning class Small in the same sector (942 companies) in 2025.
Score 2023–2025
- Palking AS
- Median: companies in the Morning class Small in the same sector
Palking AS has a score of 48 for 2025, rank 1,914 of 3,401 in the sector.
Strongest: Liquidity: percentile 81 against peers, current ratio 2.03 against a median of 1.29. Solidity: percentile 80 against peers, equity ratio 53.2% against a median of 26.2%.
Weakest: Profitability: percentile 18 against peers, operating margin 0.3% against a median of 9.7%.
Worth a closer look
- The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors? Based on: operating margin 0.3% (median 9.7%).
- What lies behind weak profitability, 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 2025 the operating margin of Palking AS rose by 0.8 percentage points. Comparable companies rose by a median 1.0 points. So the company did 0.2 points weaker than the industry, for reasons of its own.
Over 2 year-to-year changes Palking AS moved the same way as comparable companies 2 times. About 20% 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 |
|---|---|---|---|---|---|
| 2024 | −0.5% | 8.7% | −5.2 percentage points | −0.2 percentage points | −5.0 percentage points |
| 2025 | 0.3% | 9.7% | +0.8 percentage points | +1.0 percentage points | −0.2 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 Palking AS. The figures stand side by side; we claim no cause.
Turnover index: legal and accounting activities (indeks (2021 = 100))
Turnover index: legal and accounting activities rose 4.8% in 2025; the operating margin of Palking AS rose 0.8 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Turnover index: legal and accounting activities, annual average | 100.4 | 107.7 | 127.0 | 135.2 | 141.7 | 149.6 (so far) |
| Change from the year before | +8.7% | +7.3% | +17.9% | +6.4% | +4.8% | +5.5% |
| The company's operating margin | – | – | 4.6% | −0.5% | 0.3% | – |
Source: SSB (13863, CC BY 4.0). Source
Turnover index: management consultancy (indeks (2021 = 100))
Turnover index: management consultancy rose 6.5% in 2025; the operating margin of Palking AS rose 0.8 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Turnover index: management consultancy, annual average | 99.4 | 104.0 | 114.9 | 116.0 | 123.6 | 128.7 (so far) |
| Change from the year before | +17.3% | +4.6% | +10.5% | +1.0% | +6.5% | +4.1% |
| The company's operating margin | – | – | 4.6% | −0.5% | 0.3% | – |
Source: SSB (13863, CC BY 4.0). Source
Service prices: legal and accounting (indeks (2021 = 100))
Service prices: legal and accounting rose 4.9% in 2025; the operating margin of Palking AS rose 0.8 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Service prices: legal and accounting, annual average | 100.0 | 104.8 | 111.8 | 117.4 | 123.2 | 127.0 (so far) |
| Change from the year before | +3.4% | +4.8% | +6.7% | +5.0% | +4.9% | +3.1% |
| The company's operating margin | – | – | 4.6% | −0.5% | 0.3% | – |
Source: SSB (14335, CC BY 4.0). Source
Consumer price index (indeks (2025 = 100))
Consumer price index rose 3.0% in 2025; the operating margin of Palking AS rose 0.8 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 | – | – | 4.6% | −0.5% | 0.3% | – |
Source: SSB (14710, CC BY 4.0). Source
Policy rate (prosent)
Policy rate fell 0.20 percentage points in 2025; the operating margin of Palking AS rose 0.8 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 | – | – | 4.6% | −0.5% | 0.3% | – |
Source: Norges Bank (IR, NLOD 2.0). Source
Wage index: legal and accounting (indeks)
Wage index: legal and accounting rose 5.4% in 2025; the operating margin of Palking AS rose 0.8 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Wage index: legal and accounting, annual average | 86.2 | 89.8 | 93.9 | 99.1 | 104.4 | 108.4 (so far) |
| Change from the year before | +5.1% | +4.3% | +4.5% | +5.6% | +5.4% | +3.8% |
| The company's operating margin | – | – | 4.6% | −0.5% | 0.3% | – |
Source: SSB (12314, 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
Palking AS had an operating margin of 0.3% and an equity ratio of 53.2% in 2025, and ranks 1,914 of 3,401 in Revisjon, regnskap og rådgivning.
From 2024 to 2025: the equity ratio rose from 37.5% to 53.2% and revenue grew by 12%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 4 MNOK and 8 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 22.4 | 4 MNOK |
| EV/EBIT | 17.4 | missing |
| P/B | 4.1 | 8 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 NACE code has no listed industry of its own in the table, so the multiples are the sector median: Business & Consumer 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 operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors?
Based on: Operating margin 0.3% (median 9.7%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 0.2% 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.
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 5.4%. Based on the 7 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 18 | weight 40% |
|---|---|---|
| Solidity | 80 | weight 20% |
| Liquidity | 81 | weight 5% |
| Growth | 57 | weight 25% |
| Consistency | 71 | weight 10% |
Three goals: profitability 40%, growth 25%, resilience 35%. Why these weights?
Durability: 44 (average over 3 years)
Index version 3. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Palking AS?
The operating margin was 0.3% in 2025, against a median of 9.7% among companies in the Morning class Small in the same sector. Return on assets was 3.8%.
How solid is Palking AS?
The equity ratio was 53.2% in 2025 (median 26.2%). Debt-to-equity was 0.88 (median 2.66).
What is the liquidity of Palking AS like?
The current ratio was 2.03 in 2025 (median 1.29).
How does Palking AS compare in Revisjon, regnskap og rådgivning?
Palking AS ranks 1,914 of 3,401 in Revisjon, regnskap og rådgivning for 2025. Among companies in the Morning class Small it is number 540 of 942. Revenue changed by 12.3% from the year before.
Competitors
The 8 closest competitors in the same line of business, placed in the same matrix as the sector page: profitability up, resilience to the right. These are the companies the competitor analysis and the strategy report compare with.
| Company | Profile | Operating revenue | Operating margin | Score |
|---|---|---|---|---|
| Trondheim Engineering AS |  Beaver |
19 MNOK | 8.2% | 42 |
| Innowin AS |  Elephant |
19 MNOK | −21.0% | 34 |
| Tide Capital Advisory AS |  Lion |
19 MNOK | 65.0% | 79 |
| M&O Partners AS |  Cheetah |
19 MNOK | 17.8% | 61 |
| COLLIERS VALUATION & Advisory AS | Beaver |
19 MNOK | 9.8% | 46 |
| Sustainability AS | Beaver |
19 MNOK | −1.8% | 22 |
| Palking AS (this company) | Elephant |
19 MNOK | 0.3% | 48 |
| DC Norge AS | Elephant |
19 MNOK | 10.7% | 63 |
| Dynabyte Projects AS | Elephant |
18 MNOK | −0.9% | 31 |
The selection is the closest in revenue within the same industry code. When you order, you can swap competitors. Order competitor analysis
Group structure · 2025
9 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.
Private persons own 100% of the shares in Carigosa AS. Persons are not shown by name.
Group accounts. Carigosa AS for 2025: index 48 of 100, number 13 of 23 groups. See the group accounts
The group in figures
- Sectors
- Handel (2 companies), Industri (2 companies), Annen tjenesteyting (1 company), Revisjon, regnskap og rådgivning (1 company), Forretningsmessig tjenesteyting (1 company) 7 of 9 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
- 148 in all. Lillestrøm 61, Oslo 43, Sandnes 23, Ringsaker 21 Registered employees in the Central Coordinating Register, by the municipality of the business address. Employees may work elsewhere.
- Loss
- 2 companies: O.L. Engen AS, Novum Norway 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.
-
Carigosa AS
- Palking AS you are here
- Thermo King Norge AS
- O.L. Engen AS
- Novum Norway 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.
- 988654159
- Legal form
- AS
- Sector
- Revisjon, regnskap og rådgivning (70.200)
- Morning company class
- Small
- Employees
- 10 registered 10 July 2026
- Founded
- 5 September 2005 21 years in operation
- Share capital
- 0.10 MNOK
- Business address
- c/o Palfinger Norge as, Industriveien 8, 2020 SKEDSMOKORSET (LILLESTRØM)
- Municipality
- Lillestrøm rank 7 of 11 in KOSTRA group 12
- 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: Carigosa AS (100%)
Ultimate owner: private person
- Carigosa 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.
Is this your company? Suggest changes or add information
Figures last fetched 6 November 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 55 | 30 | 48 | |
| Rank | 1,357 | 2,844 | 1,914 | |
| Operating margin | 4.6% | −0.5% | 0.3% | |
| Return on assets | 13.8% | 1.3% | 3.8% | |
| Equity ratio | 45.5% | 37.5% | 53.2% | |
| Current ratio | 1.72 | 1.52 | 2.03 | |
| Revenue growth | – | −5.7% | 12.3% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 17.8 MNOK | 16.8 MNOK | 18.9 MNOK |
| Operating profit | 0.8 MNOK | −0.1 MNOK | 0.1 MNOK |
| Profit before tax | 0.8 MNOK | 0.1 MNOK | 0.2 MNOK |
| Tax expense | 0.2 MNOK | 0.0 MNOK | 0.0 MNOK |
| Net profit | 0.7 MNOK | 0.1 MNOK | 0.2 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Total assets | 6.2 MNOK | 7.7 MNOK | 5.7 MNOK |
| Current assets | 5.8 MNOK | 7.3 MNOK | 5.4 MNOK |
| Equity | 2.8 MNOK | 2.9 MNOK | 3.0 MNOK |
| Retained earnings | 2.7 MNOK | 2.8 MNOK | 2.9 MNOK |
| Total liabilities | 3.4 MNOK | 4.8 MNOK | 2.7 MNOK |
| Current liabilities | 3.4 MNOK | 4.8 MNOK | 2.7 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 6 November 2026, accounts id 6755176.
Further
Similar companies
- Stord Engineering AS index 49, rank 1,906 · compare
- Nrp Business Management AS index 49, rank 1,907 · compare
- Progressum AS index 49, rank 1,908 · compare
- Ennova AS index 49, rank 1,909 · compare
- Plusnor Regnskap AS index 48, rank 1,916 · compare