B2 Impact ASA
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
Not enough data: Holding company (ranked in the list «Holding and investment companies»)
Based on the annual accounts for 2025
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 162 MNOK | 109 MNOK |
| Operating margin | −54.9% | 22.0% |
| Profit margin | 203.7% | 27.7% |
| Return on assets | 7.5% | 22.1% |
| Equity ratio | 25.9% | 42.2% |
| Debt-to-equity | 2.87 | 1.32 |
| Current ratio | 0.36 | 1.47 |
| Revenue growth | 4.5% | 11.4% |
| Revenue per employee | 7.04 MNOK | 4.48 MNOK |
The median and “ahead of” refer to companies in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
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.
The industry or the company: what drove the result?
In 2025 the operating margin of B2 Impact ASA rose by 10.2 percentage points. Comparable companies fell by a median 1.5 points. So the company did 11.7 points better than the industry, for reasons of its own.
Over 2 year-to-year changes B2 Impact ASA moved the same way as comparable companies 1 times. About 26% 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 | −65.2% | 23.5% | +13.8 percentage points | +5.5 percentage points | +8.2 percentage points |
| 2025 | −54.9% | 22.0% | +10.2 percentage points | −1.5 percentage points | +11.7 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 B2 Impact ASA. The figures stand side by side; we claim no cause.
Policy rate (prosent)
Policy rate fell 0.20 percentage points in 2025; the operating margin of B2 Impact ASA rose 10.2 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 | – | – | −78.9% | −65.2% | −54.9% | – |
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 B2 Impact ASA rose 10.2 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 | – | – | −78.9% | −65.2% | −54.9% | – |
Source: SSB (14710, CC BY 4.0). Source
Wage index: financial services (indeks)
Wage index: financial services rose 4.6% in 2025; the operating margin of B2 Impact ASA rose 10.2 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Wage index: financial services, annual average | 87.1 | 90.4 | 94.2 | 98.9 | 103.5 | 107.3 (so far) |
| Change from the year before | +2.9% | +3.8% | +4.1% | +5.0% | +4.6% | +3.7% |
| The company's operating margin | – | – | −78.9% | −65.2% | −54.9% | – |
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
B2 Impact ASA had an equity ratio of 25.9% in 2025. The company is not ranked: holding company (ranked in the list «holding and investment companies»).
From 2024 to 2025: the operating margin rose from −65.2% to −54.9% and the equity ratio fell from 33.9% to 25.9%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 5,204 MNOK and 7,631 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 12.6 | 7,631 MNOK |
| EV/EBIT | – | not used in the sector |
| P/B | 1.7 | 5,204 MNOK |
The listed basis is the value at listed multiples. The estimate is lowered for size: a small-company premium of 0% on the cost of equity gives a value 0% 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 (64.2): Investments & Asset Management.
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
- critical
Consider strengthening liquidity: current liabilities are 2.8 times current assets.
Based on: Current ratio 0.36 (median 1.47).
- 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 −54.9% (median 22.0%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 6.4% 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 −13.5%. Based on the 6 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
Questions and answers
How profitable is B2 Impact ASA?
The operating margin was −54.9% in 2025, against a median of 22.0% among companies in the same sector. Return on assets was 7.5%.
How solid is B2 Impact ASA?
The equity ratio was 25.9% in 2025 (median 42.2%). Debt-to-equity was 2.87 (median 1.32).
What is the liquidity of B2 Impact ASA like?
The current ratio was 0.36 in 2025 (median 1.47). Current assets did not cover current liabilities.
Group accounts · 2025
56 of 100
Rank 6 of 14 groups in the Morning class Large in Finans og forsikring. Groups are ranked only against other groups in the same sector and class, never against single companies.
- Operating revenue, group
- 3,778 MNOK
- Operating profit, group
- 1,734 MNOK
- Profit before tax, group
- 802 MNOK
- Total assets, group
- 17,663 MNOK
- Equity, group
- 5,709 MNOK
| Key figure | The group | The company alone (2025) |
|---|---|---|
| Operating margin | 45.9% | −54.9% |
| Return on assets | 9.9% | 7.5% |
| Equity ratio | 32.3% | 25.9% |
| Current ratio | 1.43 | 0.36 |
| Revenue growth | 2.6% | 4.5% |
Group index in earlier years: 2023: 58 (6 of 15), 2024: 53 (8 of 15).
Same formulas and weights as the company index. Group and company are never added together, and the group accounts are not part of sector averages or company rankings.
Source: Brønnøysund Register Centre, group accounts 2025 (open data, NLOD 2.0).
The shareholder register shows no Norwegian majority owner and no subsidiaries for this company.
From the Central Coordinating Register
- Org. no.
- 992249986
- Legal form
- ASA
- Sector
- Finans og forsikring (64.220)
- Morning company class
- Medium
- Employees
- 23 registered 10 June 2026
- Founded
- 21 January 2008 18 years in operation
- Share capital
- 37.09 MNOK
- Business address
- Cort Adelers gate 30, 0254 OSLO
- Municipality
- Oslo rank 63–220 of 357 in Norway
- Latest accounts filed
- 2025
- Website
- www.b2-impact.com
- LEI
- 5967007LIEEXZXFHOO08 renews 26 March 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 31 October 2026. Only names are shown.
- Parent company
- No parent company: owned by persons
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 30 October 2026. The parent is the one the company itself reported to GLEIF.
Shareholders (2025)
- Number of shareholders
- 4,870
- Largest owner
- 24.3% · top three 41.2%
- Split
- companies 93% · private persons 7% · foreign 11%
- Owners over 60
- 46% of the shares held by persons (median age 58)
- Nevedal Invest AS · 24.3%
- Valset Invest AS · 8.7%
- Stenshagen Invest AS · 8.2%
- Rasmussengruppen AS · 4.7%
- DNB Bank ASA · 4.5%
- Skandinaviska Enskilda Banken AB · 3.5%
- RB Investor AS · 2.3%
- VERDIPAPIRFONDET STOREBRAND NORGE INSTITUSJON · 1.9%
- Greenway AS · 1.6%
- CITIBANK, N.A. (Ireland) · 1.3%
- 4077 private persons · 7.2%
The company is new in the shareholder register in 2025.
The owners' shares do not add up to the company's total number of shares in the source.
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 4 November 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | – | – | – | |
| Rank | – | – | – | |
| Operating margin | −78.9% | −65.2% | −54.9% | |
| Return on assets | 17.8% | 12.2% | 7.5% | |
| Equity ratio | 35.1% | 33.9% | 25.9% | |
| Current ratio | 0.39 | 1.22 | 0.36 | |
| Revenue growth | – | 16.5% | 4.5% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 133.0 MNOK | 155.0 MNOK | 162.0 MNOK |
| Operating profit | −105.0 MNOK | −101.0 MNOK | −89.0 MNOK |
| Profit before tax | 796.0 MNOK | 330.0 MNOK | 330.0 MNOK |
| Tax expense | – | – | – |
| Net profit | 796.0 MNOK | 330.0 MNOK | 691.0 MNOK |
| Financial expenses | 1,000.0 MNOK | 788.0 MNOK | 562.0 MNOK |
| Total assets | 10,109.0 MNOK | 9,153.0 MNOK | 11,831.0 MNOK |
| Current assets | 1,237.0 MNOK | 901.0 MNOK | 593.0 MNOK |
| Equity | 3,553.0 MNOK | 3,106.0 MNOK | 3,061.0 MNOK |
| Retained earnings | 641.0 MNOK | 225.0 MNOK | 139.0 MNOK |
| Total liabilities | 6,556.0 MNOK | 6,047.0 MNOK | 8,772.0 MNOK |
| Current liabilities | 3,184.0 MNOK | 739.0 MNOK | 1,666.0 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 4 November 2026, accounts id 7079951.