Wavetrain Systems 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
Not enough data: Revenue not reported
Based on the annual accounts for 2023
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating margin | – | 4.8% |
| Profit margin | – | 5.1% |
| Return on assets | −28.3% | 9.2% |
| Equity ratio | 64.2% | 35.3% |
| Debt-to-equity | 0.56 | 1.53 |
| Current ratio | 0.21 | 1.36 |
| Revenue growth | – | 7.0% |
The median and “ahead of” refer to companies in the same sector in 2023. 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.
What the numbers say
Wavetrain Systems AS had an equity ratio of 64.2% in 2023. The company is not ranked: revenue not reported.
This text is generated automatically from the 2023 accounts.
Three simple methods
One method gives a figure: 130 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 18.0 | not meaningful |
| EV/EBIT | 14.9 | not meaningful |
| P/B | 3.6 | 130 MNOK |
The listed basis is the value at listed multiples. The estimate is lowered for size: a small-company premium of 3% on the cost of equity gives a value 32% 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 (62): Computer 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
- critical
Consider strengthening liquidity: current liabilities are 4.8 times current assets.
Based on: Current ratio 0.21 (median 1.36).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin – (median 5.1%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 3.9% 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
- watch Revenue not reported
- watch No revenue but large assets
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
Questions and answers
How profitable is Wavetrain Systems AS?
The operating margin was – in 2023, against a median of 4.8% among companies in the same sector. Return on assets was −28.3%. The company made a loss before tax.
How solid is Wavetrain Systems AS?
The equity ratio was 64.2% in 2023 (median 35.3%). Debt-to-equity was 0.56 (median 1.53).
What is the liquidity of Wavetrain Systems AS like?
The current ratio was 0.21 in 2023 (median 1.36). Current assets did not cover current liabilities.
From the Central Coordinating Register
- Org. no.
- 994483404
- Legal form
- AS
- Sector
- Informasjon og kommunikasjon (62.100)
- Employees
- 17 registered 10 April 2026
- Founded
- 21 August 2009 17 years in operation
- Share capital
- 52.56 MNOK
- Business address
- Strandveien 55, 1366 LYSAKER (BÆRUM)
- Municipality
- Bærum rank 1 of 11 in KOSTRA group 12
- Latest accounts filed
- 2025
- Website
- www.wavetrain.no
- LEI
- 549300M1NIL4W5WXVL71 not renewed (lapsed)
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.
- Parent company
- Parent does not consolidate the company
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
- 32
- Largest owner
- 18.8% · top three 22.7%
- Split
- companies 25% · private persons 0% · foreign 0%
- Owners over 60
- 80% of the shares held by persons (median age 75)
- Nordic Technology Group AS · 75.2%
- S. Munkhaugen AS · 13.5%
- Ljm AS · 2.3%
- Skips AS TUDOR · 1.8%
- Moger Invest AS · 1.1%
- Jaksland Invest AS · 1.0%
- C-Holding AS · 0.6%
- Petrock II AS · 0.5%
- Skarveranden AS · 0.3%
- Lucellum AS · 0.3%
- 8 private persons · 0.3%
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?
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Figures last fetched 5 November 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | – | – | 24 | |
| Rank | – | – | 3,908 | |
| Operating margin | – | – | −2,435.3% | |
| Return on assets | −28.3% | −24.0% | −22.6% | |
| Equity ratio | 64.2% | 62.5% | 57.9% | |
| Current ratio | 0.21 | 0.34 | 0.35 | |
| Revenue growth | – | – | – |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | – | – | 1.1 MNOK |
| Operating profit | −23.4 MNOK | −22.8 MNOK | −25.8 MNOK |
| Profit before tax | −24.5 MNOK | −24.6 MNOK | −28.6 MNOK |
| Tax expense | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Net profit | −24.5 MNOK | −24.6 MNOK | −28.6 MNOK |
| Financial expenses | 1.1 MNOK | 1.8 MNOK | 2.8 MNOK |
| Total assets | 82.5 MNOK | 95.0 MNOK | 114.1 MNOK |
| Current assets | 5.5 MNOK | 7.8 MNOK | 12.4 MNOK |
| Equity | 53.0 MNOK | 59.4 MNOK | 66.1 MNOK |
| Retained earnings | – | – | – |
| Total liabilities | 29.6 MNOK | 35.6 MNOK | 48.0 MNOK |
| Current liabilities | 26.2 MNOK | 23.0 MNOK | 34.9 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 5 November 2026, accounts id 4888673.