Fortytwo Technologies AS
Score · fiscal year 2025
19of 100
How to read this: the company is ahead of 3 % of companies in the Morning class Medium in the same sector in 2025. What does this mean?
Rank in the Morning class Medium: 707 of 728 · What are Morning company classes?
Place in the whole sector: 2,978 of 3,132 · Informasjon og kommunikasjon
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 5 and solidity 11 out of 100 among companies in the Morning class Medium in the same sector in 2025. Methodology
Against the sector
Fortytwo Technologies AS is 31 points below the median for companies in the Morning class Medium in the same sector in 2025.
Median score 50 among 728 companies.
Against companies in the Morning class Medium in the same sector in 2025: operating margin −17.4% (median 6.1%) and equity ratio 6.8% (median 30.0%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 66 MNOK | 108 MNOK |
| Operating margin | −17.4% | 6.1% |
| Profit margin | −18.8% | 6.7% |
| Return on assets | −36.1% | 11.9% |
| Equity ratio | 6.8% | 30.0% |
| Debt-to-equity | 13.76 | 2.26 |
| Current ratio | 1.04 | 1.16 |
| Revenue growth | 1.3% | 7.4% |
| Revenue per employee | 2.01 MNOK | 2.96 MNOK |
The median and “ahead of” refer to companies in the Morning class Medium in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 19, Fortytwo Technologies AS does better than 3% of companies in the Morning class Medium in the same sector (728 companies) in 2025.
Score 2023–2025
- Fortytwo Technologies AS
- Median: companies in the Morning class Medium in the same sector
Fortytwo Technologies AS has a score of 19 for 2025, rank 2,978 of 3,132 in the sector.
Strongest: Liquidity: percentile 35 against peers, current ratio 1.04 against a median of 1.16.
Weakest: Profitability: percentile 5 against peers, operating margin −17.4% against a median of 6.1%. Solidity: percentile 11 against peers, equity ratio 6.8% against a median of 30.0%.
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 6.8% (median 30.0%).
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin −18.8% (median 6.7%).
- The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors? Based on: operating margin −17.4% (median 6.1%).
- 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 Fortytwo Technologies AS fell by 16.3 percentage points. Comparable companies rose by a median 0.0 points. So the company did 16.3 points weaker than the industry, for reasons of its own.
Over 2 year-to-year changes Fortytwo Technologies AS moved the same way as comparable companies 0 times. About 1% 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 | −1.1% | 6.0% | +20.2 percentage points | −0.2 percentage points | +20.4 percentage points |
| 2025 | −17.4% | 6.1% | −16.3 percentage points | +0.0 percentage points | −16.3 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 Fortytwo Technologies AS. The figures stand side by side; we claim no cause.
Service prices: information and communication (indeks (2021 = 100))
Service prices: information and communication rose 4.0% in 2025; the operating margin of Fortytwo Technologies AS fell 16.3 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Service prices: information and communication, annual average | 100.0 | 103.3 | 108.7 | 112.2 | 116.7 | 120.0 (so far) |
| Change from the year before | – | +3.2% | +5.3% | +3.2% | +4.0% | +2.8% |
| The company's operating margin | – | – | −21.3% | −1.1% | −17.4% | – |
Source: SSB (14335, CC BY 4.0). Source
Turnover index: information and communication (indeks (2021 = 100))
Turnover index: information and communication rose 4.6% in 2025; the operating margin of Fortytwo Technologies AS fell 16.3 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Turnover index: information and communication, annual average | 99.6 | 111.4 | 126.4 | 128.3 | 134.2 | 141.3 (so far) |
| Change from the year before | +14.7% | +11.8% | +13.5% | +1.5% | +4.6% | +5.3% |
| The company's operating margin | – | – | −21.3% | −1.1% | −17.4% | – |
Source: SSB (13863, CC BY 4.0). Source
USD/NOK (kr)
USD/NOK fell 3.3% in 2025; the operating margin of Fortytwo Technologies AS fell 16.3 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| USD/NOK, annual average | 8.59 | 9.61 | 10.56 | 10.75 | 10.39 | 9.54 (so far) |
| Change from the year before | −8.8% | +11.9% | +9.9% | +1.7% | −3.3% | −8.2% |
| The company's operating margin | – | – | −21.3% | −1.1% | −17.4% | – |
Source: Norges Bank (EXR, NLOD 2.0). Source
Policy rate (prosent)
Policy rate fell 0.20 percentage points in 2025; the operating margin of Fortytwo Technologies AS fell 16.3 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 | – | – | −21.3% | −1.1% | −17.4% | – |
Source: Norges Bank (IR, NLOD 2.0). Source
Consumer price index (indeks (2025 = 100))
Consumer price index rose 3.0% in 2025; the operating margin of Fortytwo Technologies AS fell 16.3 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 | – | – | −21.3% | −1.1% | −17.4% | – |
Source: SSB (14710, CC BY 4.0). Source
Wage index: IT services (indeks)
Wage index: IT services rose 4.4% in 2025; the operating margin of Fortytwo Technologies AS fell 16.3 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Wage index: IT services, annual average | 84.9 | 87.8 | 92.3 | 97.3 | 101.5 | 105.4 (so far) |
| Change from the year before | +4.9% | +3.5% | +5.1% | +5.4% | +4.4% | +3.8% |
| The company's operating margin | – | – | −21.3% | −1.1% | −17.4% | – |
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
Fortytwo Technologies AS had an operating margin of −17.4% and an equity ratio of 6.8% in 2025, and ranks 2,978 of 3,132 in Informasjon og kommunikasjon.
From 2024 to 2025: the operating margin fell from −1.1% to −17.4% and the equity ratio rose from −29.7% to 6.8%.
This text is generated automatically from the 2025 accounts.
Three simple methods
One method gives a figure: 3 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 17.7 | not meaningful |
| EV/EBIT | 14.3 | not meaningful |
| P/B | 2.6 | 3 MNOK |
The listed basis is the value at listed multiples. The estimate is lowered by 51% for an unlisted company: 20% for lack of marketability and 38% for size (a small-company premium of 4% on the cost of equity).
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 equity ratio is very low. Could the company absorb a bad year, and does it need more equity?
Based on: Equity ratio 6.8% (median 30.0%).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −18.8% (median 6.7%).
- 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 −17.4% (median 6.1%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 4.1% 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 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 | 5 | weight 30% |
|---|---|---|
| Solidity | 11 | weight 25% |
| Liquidity | 35 | weight 15% |
| Growth | 30 | weight 15% |
| Consistency | 31 | weight 15% |
Durability: 16 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Fortytwo Technologies AS?
The operating margin was −17.4% in 2025, against a median of 6.1% among companies in the Morning class Medium in the same sector. Return on assets was −36.1%. The company made a loss before tax.
How solid is Fortytwo Technologies AS?
The equity ratio was 6.8% in 2025 (median 30.0%). Debt-to-equity was 13.76 (median 2.26).
What is the liquidity of Fortytwo Technologies AS like?
The current ratio was 1.04 in 2025 (median 1.16).
How does Fortytwo Technologies AS compare in Informasjon og kommunikasjon?
Fortytwo Technologies AS ranks 2,978 of 3,132 in Informasjon og kommunikasjon for 2025. Among companies in the Morning class Medium it is number 707 of 728. Revenue changed by 1.3% from the year before.
Public contracts
- Contracts awarded since 2024
- 1
- Total awarded value since 2024
- 4.5 MNOK
| Date | Buyer | Notice | Value |
|---|---|---|---|
| 29 April 2026 | Søre Sunnmøre IKT | Automatisering av brukaradministrasjon: Skybasert IAM-løysing | 4.5 MNOK |
| 28 April 2021 | SyS IKT | Rammeavtale IT-utstyr | 40.0 MNOK (framework) |
| 13 December 2019 | Bir AS | Kjøp av konsulent tjenester innen IT og Digitalisering | 1.0 MNOK (framework) |
Based on notices in Doffin. Does not show call-offs under framework agreements or purchases below the publication threshold. Values are as stated by the buyer.
Source: Doffin (DFØ), fetched 27 October 2026. Winners are matched on organisation number.
Contains data under the Norwegian licence for public data (NLOD 2.0) made available by Doffin/the Norwegian Agency for Public and Financial Management (DFØ). NLOD 2.0
From the Central Coordinating Register
- Org. no.
- 991450068
- Legal form
- AS
- Sector
- Informasjon og kommunikasjon (62.200)
- Morning company class
- Medium
- Employees
- 33 registered 10 October 2026
- Founded
- 15 May 2007 19 years in operation
- Share capital
- 0.56 MNOK
- Business address
- Edvard Griegs vei 1, 5059 BERGEN
- Municipality
- Bergen rank 8 of 11 in KOSTRA group 12
- Latest accounts filed
- 2025
- Website
- www.fortytwo.io
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 31 October 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
- 0%
- Group chain
-
Owned by: Idiac Bidco AS (100%)
Ultimate owner: Idiac Midco AS
- Idiac Bidco AS · 100.0%
Change 2007–2025:
100% of the shares changed owner (1 new and 11 departed owners). The majority owner changed.
New owners (companies): Idiac Bidco AS
Departed (companies): Rebase AS, Simplesoft AS
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.
Figures last fetched 4 November 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 4 | 25 | 19 | |
| Rank | 2,934 | 2,777 | 2,978 | |
| Operating margin | −21.3% | −1.1% | −17.4% | |
| Return on assets | −65.6% | −2.7% | −36.1% | |
| Equity ratio | −50.6% | −29.7% | 6.8% | |
| Current ratio | 0.67 | 0.94 | 1.04 | |
| Revenue growth | – | 16.0% | 1.3% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 56.3 MNOK | 65.4 MNOK | 66.2 MNOK |
| Operating profit | −12.0 MNOK | −0.7 MNOK | −11.5 MNOK |
| Profit before tax | −12.2 MNOK | −1.4 MNOK | −12.5 MNOK |
| Tax expense | −2.7 MNOK | −0.3 MNOK | −2.7 MNOK |
| Net profit | −9.5 MNOK | −1.1 MNOK | −9.8 MNOK |
| Financial expenses | 0.4 MNOK | 0.9 MNOK | 1.2 MNOK |
| Total assets | 18.1 MNOK | 19.5 MNOK | 31.3 MNOK |
| Current assets | 11.9 MNOK | 13.5 MNOK | 18.5 MNOK |
| Equity | −9.2 MNOK | −5.8 MNOK | 2.1 MNOK |
| Retained earnings | −9.3 MNOK | −10.5 MNOK | −20.2 MNOK |
| Total liabilities | 27.3 MNOK | 25.3 MNOK | 29.2 MNOK |
| Current liabilities | 17.8 MNOK | 14.3 MNOK | 17.7 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 4 November 2026, accounts id 6704390.
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