Future Engineering 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 2023
42of 100
How to read this: the company is ahead of 38 % of companies in the Morning class Micro in the same sector in 2023. What does this mean?
Rank in the Morning class Micro: 4,153 of 6,716 · What are Morning company classes?
Place in the whole sector: 5,614 of 9,006 · Teknisk tjenesteyting og forskning
Profile
Cheetah · Sprinter
High profitability, lower resilience
Position against comparable companies in 2023, not a verdict on the company. Based on profitability 50 and resilience 34 out of 100 among companies in the Morning class Micro in the same sector in 2023. Methodology
Against the sector
Future Engineering AS is 8 points below the median for companies in the Morning class Micro in the same sector in 2023.
Median score 50 among 6,714 companies.
Against companies in the Morning class Micro in the same sector in 2023: operating margin 10.8% (median 8.4%) and equity ratio 35.0% (median 43.5%).
How it has gone · 2023–2025
Revenue fell by 42 % from 2023 to 2025, to 0.8 MNOK. The operating margin fell from 10.8% in 2023 to −12.9% in 2025. The equity ratio fell from 35.0% in 2023 to 21.9% in 2025.
Amounts in the reporting currency. The full year-by-year table is further down under «Details». See every figure year by year
Worth a closer look
- watch
Consider strengthening liquidity: current liabilities are 1.9 times current assets.
Based on: Current ratio 0.52 (median 1.68).
- watch
Current liabilities exceed current assets other than bank deposits, and the current ratio is weak. Is it customer prepayments and supplier credit that fund the operations, or short-term loans that must be renewed?
Based on: Net working capital to revenue −68.0% (median −6.6%); Current ratio 0.52 (median 1.68).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 3.6% 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 2021, the sector's weakest year, for this company.
The sector's weakest year was 2021, with a median operating margin of −0.2%. Based on the 10 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 50 | weight 40% |
|---|---|---|
| Solidity | 38 | weight 20% |
| Liquidity | 7 | weight 5% |
| Growth | – | no data, left out |
| Consistency | 39 | weight 10% |
Three goals: profitability 40%, growth 25%, resilience 35%. Why these weights?
Index version 3. Data completeness 75%: the share of the weights that had data.
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 1 MNOK | 2 MNOK |
| Operating margin | 10.8% | 8.4% |
| Profit margin | 9.9% | 8.3% |
| Return on assets | 11.6% | 14.8% |
| Equity ratio | 35.0% | 43.5% |
| Debt-to-equity | 1.86 | 1.06 |
| Current ratio | 0.52 | 1.68 |
| Revenue growth | – | 4.6% |
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 42, Future Engineering AS does better than 38% of companies in the Morning class Micro in the same sector (6,716 companies) in 2023.
Score over time
Score over time needs at least two fiscal years with a score. It will appear when next year's figures are fetched or history is imported.
Working capital and debt
| Measure | Company | Median | |
|---|---|---|---|
| Working capital | |||
| Receivable days All current receivables, including those on group companies, in days of revenue. |
3 days | 52 days | |
| Inventory and other current assets, days Current assets other than receivables and bank deposits, that is inventory and short-term investments, in days of revenue. |
0 days | 0 days | |
| Net working capital to revenue Current assets less bank deposits less current liabilities, divided by revenue. Negative: short-term debt funds the operations. |
−68.0% | −6.6% | |
| Cash share of current assets How much of the short-term buffer is bank deposits and cash. |
97.8% | 54.9% | |
| Debt and interest burden | |||
| Interest coverage (times) Operating result divided by all financial costs. Below 1: operations do not cover the cost of the debt. |
4.3 | 13.2 | |
| Financial costs as a share of debt All financial costs (interest, currency losses and other) divided by all debt, interest-free debt included. Not an interest rate. |
3.6% | 0.5% | |
| Long-term share of debt Long-term debt as a share of all debt. A low share means more falls due within a year. |
0.5% | 0.0% | |
Net working capital (current assets less bank deposits less current liabilities): −0.9 MNOK.
The median and the bar refer to companies in the Morning class Micro in the same sector in 2023. The bar shows the share of the group with a lower figure: higher is not always better, long receivable days tie up capital, for example. These figures do not count in the score.
What the numbers say
Future Engineering AS had an operating margin of 10.8% and an equity ratio of 35.0% in 2023, and ranks 5,614 of 9,006 in Teknisk tjenesteyting og forskning.
This text is generated automatically from the 2023 accounts.
Three simple methods
The methods give between 1 MNOK and 2 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 14.9 | 1 MNOK |
| EV/EBIT | 14.3 | 2 MNOK |
| P/B | 2.3 | 1 MNOK |
| EV/EBIT: from enterprise value to equity | NOK |
|---|---|
| Enterprise value (EV) at the listed multiple | 2 MNOK |
| Enterprise value after the size adjustment | 1 MNOK |
| Less net debt (rough figure) | 0 MNOK |
| Equity value | 2 MNOK |
Net debt is a rough figure: long-term liabilities minus cash. The accounts do not split interest-bearing debt from other liabilities, and short-term borrowings are not included. The size adjustment applies to the enterprise value, not to the debt. Net debt is −37% of the enterprise value after the size adjustment, so the equity value from EV/EBIT is sensitive to errors in the debt figure.
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 (71.1): Engineering/Construction.
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
Questions and answers
How profitable is Future Engineering AS?
The operating margin was 10.8% in 2023, against a median of 8.4% among companies in the Morning class Micro in the same sector. Return on assets was 11.6%.
How solid is Future Engineering AS?
The equity ratio was 35.0% in 2023 (median 43.5%). Debt-to-equity was 1.86 (median 1.06).
What is the liquidity of Future Engineering AS like?
The current ratio was 0.52 in 2023 (median 1.68). Current assets did not cover current liabilities.
How does Future Engineering AS compare in Teknisk tjenesteyting og forskning?
Future Engineering AS ranks 5,614 of 9,006 in Teknisk tjenesteyting og forskning for 2023. Among companies in the Morning class Micro it is number 4,153 of 6,716.
From the Central Coordinating Register
- Org. no.
- 990283397
- Legal form
- AS
- Sector
- Teknisk tjenesteyting og forskning (71.129)
- Purpose
- Investeringer i aksjer og eierandeler, samt utvikling og salg av oljerelaterte produkter.
- Morning company class
- Micro
- Employees
- 0–4 (not registered)
- Founded
- 26 June 2006 20 years in operation
- Share capital
- 0.20 MNOK
- Business address
- Dyrløkke terrasse 27, 1448 DRØBAK (FROGN)
- Municipality
- Frogn rank 5–14 of 38 in KOSTRA group 7
- Audit
- Audit opted out from 13 December 2011
- Latest accounts filed
- 2025
- VAT registered
- Yes
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 8 November 2026. Only names are shown.
Shareholders (2025)
- Number of shareholders
- 2 (one owner holds more than half)
- Largest owner
- 50.5%
- Split
- companies 49% · private persons 51% · foreign 0%
- Owned from the same municipality
- 51%
- Group chain
- Ultimate owner: private person
- Viking Club AS · 49.5%
- 1 private persons · 50.5%
Change 2007–2025:
49% of the shares changed owner (1 new and 0 departed owners).
New owners (companies): Viking Club AS
Holds shares in: 3-Bygg Follo AS (20%), Marlin AS (2%)
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 10 November 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 42 | – | – | |
| Rank | 5,614 | – | – | |
| Operating margin | 10.8% | −12.7% | −12.9% | |
| Return on assets | 11.6% | −2.9% | −6.5% | |
| Equity ratio | 35.0% | 34.6% | 21.9% | |
| Current ratio | 0.52 | 0.49 | 0.51 | |
| Revenue growth | – | −65.7% | 70.3% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 1.4 MNOK | 0.5 MNOK | 0.8 MNOK |
| Operating profit | 0.1 MNOK | −0.1 MNOK | −0.1 MNOK |
| Profit before tax | 0.1 MNOK | 0.0 MNOK | −0.2 MNOK |
| Tax expense | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Net profit | 0.1 MNOK | 0.0 MNOK | −0.2 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK | 0.1 MNOK |
| Total assets | 1.5 MNOK | 1.4 MNOK | 1.3 MNOK |
| Current assets | 0.5 MNOK | 0.4 MNOK | 0.5 MNOK |
| Equity | 0.5 MNOK | 0.5 MNOK | 0.3 MNOK |
| Retained earnings | 0.3 MNOK | 0.3 MNOK | 0.1 MNOK |
| Total liabilities | 1.0 MNOK | 0.9 MNOK | 1.0 MNOK |
| Current liabilities | 0.9 MNOK | 0.9 MNOK | 1.0 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 10 November 2026, accounts id 4695677.
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