BDO AS
Score · fiscal year 2023
48of 100
How to read this: the company is ahead of 44 % of companies in the Morning class Large in the same sector in 2023. What does this mean?
Rank in the Morning class Large: 11 of 19 · What are Morning company classes?
Place in the whole sector: 849 of 1,651 · Revisjon, regnskap og rådgivning
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2023, not a verdict on the company. Based on profitability 22 and solidity 83 out of 100 among companies in the Morning class Large in the same sector in 2023. Methodology
Against the sector
BDO AS is 1 points below the median for companies in the Morning class Large in the same sector in 2023.
Median score 49 among 19 companies.
Against companies in the Morning class Large in the same sector in 2023: operating margin 9.9% (median 22.5%) and equity ratio 31.9% (median 12.3%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 3,069 MNOK | 1,147 MNOK |
| Operating margin | 9.9% | 22.5% |
| Profit margin | 10.0% | 13.1% |
| Return on assets | 34.3% | 40.6% |
| Equity ratio | 31.9% | 12.3% |
| Debt-to-equity | 2.14 | 7.14 |
| Current ratio | 1.09 | 1.10 |
| Revenue growth | – | – |
| Revenue per employee | 2.39 MNOK | 3.21 MNOK |
The median and “ahead of” refer to companies in the Morning class Large in the same sector in 2023. The bar shows the share of companies the figure is ahead of.
With an index of 48, BDO AS does better than 44% of companies in the Morning class Large in the same sector (19 companies) in 2023.
Score 2023–2025
- BDO AS
- Median: companies in the Morning class Large in the same sector
What the numbers say
BDO AS had an operating margin of 9.9% and an equity ratio of 31.9% in 2023, and ranks 849 of 1,651 in Revisjon, regnskap og rådgivning.
This text is generated automatically from the 2023 accounts.
Three simple methods
The methods give between 288 MNOK and 3,055 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 3,055 MNOK |
| EV/EBIT | 8.0 | 2,421 MNOK |
| P/B | 1.0 | 288 MNOK |
A mechanical estimate from public accounts, not advice. Mechanical estimate from public accounts with fixed multiples. Not a valuation and not advice to buy or sell. The multiples are provisional default values and must be adjusted per sector before the figures are used for anything. 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 9.9% (median 22.5%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 0.6% 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 2022, the sector's weakest year, for this company.
The sector's weakest year was 2022, with a median operating margin of 7.4%. 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 | 22 | weight 30% |
|---|---|---|
| Solidity | 83 | weight 25% |
| Liquidity | 44 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 44 | weight 15% |
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is BDO AS?
The operating margin was 9.9% in 2023, against a median of 22.5% among companies in the Morning class Large in the same sector. Return on assets was 34.3%.
How solid is BDO AS?
The equity ratio was 31.9% in 2023 (median 12.3%). Debt-to-equity was 2.14 (median 7.14).
What is the liquidity of BDO AS like?
The current ratio was 1.09 in 2023 (median 1.10).
How does BDO AS compare in Revisjon, regnskap og rådgivning?
BDO AS ranks 849 of 1,651 in Revisjon, regnskap og rådgivning for 2023. Among companies in the Morning class Large it is number 11 of 19.
Public contracts
- Contracts awarded since 2024
- 36
- in 33 notices (lots counted separately)
- Total awarded value since 2024
- 10.2 MNOK
- 8 contracts without a stated value are not in the total.
- Framework agreements
- 22
- Left out of the total: the value is a ceiling, not actual spend.
| Date | Buyer | Notice | Value |
|---|---|---|---|
| 25 September 2026 | Direktoratet for samfunnssikkerhet og beredskap (DSB) | Rammeavtale for økonomisk bistand og rådgivningstjenester | 15.0 MNOK (framework) |
| 7 September 2026 | Statens vegvesen | Rammeavtale for kjøp av konsulenttjenester innen organisasjons- og lederutvikling | 0.0 MNOK (framework) |
| 22 June 2026 | Nofima AS | Revisjonstjenester | 3.5 MNOK |
| 15 June 2026 | Energidepartementet | Anskaffelse av ekstern bistand innen økonomiområdet til Energidepartementet | 1.5 MNOK |
| 29 May 2026 | Skatteetaten | 20260004 Rammeavtale internrevisjonstjenester | 10.0 MNOK (framework) |
| 13 May 2026 | DRAMMEN KOMMUNE | Bistand til internkontroll - rammeavtale | 4.5 MNOK (framework) |
| 5 May 2026 | Norsk Helsenett SF | Rammeavtale revisjonstjenester for eksternt finansierte prosjekter - FHI | 3.0 MNOK (framework) |
| 5 March 2026 | Oslo kommune v/ Byrådsavdeling for finans | Rammeavtale om HMS-revisjoner | 2.8 MNOK (framework) |
| 9 February 2026 | Registerenheten i Brønnøysund | Dynamisk innkjøpsordning - Internrevisjon | 0.1 MNOK |
| 5 February 2026 | Norsk nukleær dekommisjonering (NND) | Rammeavtale prosjektsikkerhetsleder | 100.0 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 30 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.
- 993606650
- Legal form
- AS
- Sector
- Revisjon, regnskap og rådgivning (69.201)
- Morning company class
- Large
- Employees
- 1,286 registered 10 October 2026
- Founded
- 5 January 2009 17 years in operation
- Share capital
- 1.55 MNOK
- Business address
- Bygdøy allé 2, 0257 OSLO
- Municipality
- Oslo rank 63–220 of 357 in Norway
- 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 31 October 2026. Only names are shown.
Owners and shareholdings will appear here once the shareholder data extract is in place.
Coming · not built yet
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 31 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 48 | 46 | 86 | |
| Rank | 849 | 986 | 12 | |
| Operating margin | 9.9% | 10.4% | 43.2% | |
| Return on assets | 34.3% | 36.4% | 119.5% | |
| Equity ratio | 31.9% | 30.8% | 64.4% | |
| Current ratio | 1.09 | 1.06 | 2.56 | |
| Revenue growth | – | 7.9% | 55.8% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 3,069.0 MNOK | 3,310.1 MNOK | 5,157.6 MNOK |
| Operating profit | 304.3 MNOK | 344.8 MNOK | 2,227.0 MNOK |
| Profit before tax | 306.2 MNOK | 348.1 MNOK | 2,236.9 MNOK |
| Net profit | 305.5 MNOK | 347.3 MNOK | 2,232.0 MNOK |
| Financial expenses | 3.5 MNOK | 1.6 MNOK | 4.4 MNOK |
| Total assets | 903.4 MNOK | 960.7 MNOK | 1,875.3 MNOK |
| Current assets | 651.7 MNOK | 698.9 MNOK | 1,698.9 MNOK |
| Equity | 287.9 MNOK | 295.8 MNOK | 1,206.7 MNOK |
| Retained earnings | 16.1 MNOK | 18.2 MNOK | 0.8 MNOK |
| Total liabilities | 615.5 MNOK | 664.9 MNOK | 668.5 MNOK |
| Current liabilities | 598.8 MNOK | 657.0 MNOK | 663.2 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 31 October 2026, accounts id 5131007.
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