Stretch Optimize 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
21of 100
How to read this: the company is ahead of 10 % of companies in the Morning class Small in the same sector in 2023. What does this mean?
Rank in the Morning class Small: 779 of 865 · What are Morning company classes?
Place in the whole sector: 4,630 of 5,194 · Revisjon, regnskap og rådgivning
Profile
Beaver · Builder
Lower profitability, lower resilience
Position against comparable companies in 2023, not a verdict on the company. Based on profitability 23 and resilience 18 out of 100 among companies in the Morning class Small in the same sector in 2023. Methodology
Against the sector
Stretch Optimize AS is 30 points below the median for companies in the Morning class Small in the same sector in 2023.
Median score 51 among 865 companies.
Against companies in the Morning class Small in the same sector in 2023: operating margin 1.6% (median 9.0%) and equity ratio 5.4% (median 25.3%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 22 MNOK | 18 MNOK |
| Operating margin | 1.6% | 9.0% |
| Profit margin | 1.2% | 9.5% |
| Return on assets | 6.9% | 20.8% |
| Equity ratio | 5.4% | 25.3% |
| Debt-to-equity | 17.47 | 2.72 |
| Current ratio | 0.96 | 1.27 |
| Revenue growth | – | 25.6% |
| Revenue per employee | 2.70 MNOK | 1.44 MNOK |
The median and “ahead of” refer to companies in the Morning class Small in the same sector in 2023. The bar shows the share of companies the figure is ahead of.
With an index of 21, Stretch Optimize AS does better than 10% of companies in the Morning class Small in the same sector (865 companies) in 2023.
Score 2023–2025
- Stretch Optimize AS
- Median: companies in the Morning class Small in the same sector
Working capital and debt
| Measure | Company | Median | |
|---|---|---|---|
| Working capital | |||
| Receivable days All current receivables, including those on group companies, in days of revenue. |
coming | – | |
| 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. |
coming | – | |
| Net working capital to revenue Current assets less bank deposits less current liabilities, divided by revenue. Negative: short-term debt funds the operations. |
−6.1% | −6.9% | |
| Cash share of current assets How much of the short-term buffer is bank deposits and cash. |
20.6% | 42.2% | |
| 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. |
2.5 | 50.5 | |
| 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. |
2.6% | 0.2% | |
| Long-term share of debt Long-term debt as a share of all debt. A low share means more falls due within a year. |
0.0% | 0.0% | |
Net working capital (current assets less bank deposits less current liabilities): −1.3 MNOK.
The median and the bar refer to companies in the Morning class Small 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.
Receivable days and inventory are shown once older accounts have been read again from the raw data. This happens by itself, without new calls to the Brønnøysund Register Centre.
What the numbers say
Stretch Optimize AS had an operating margin of 1.6% and an equity ratio of 5.4% in 2023, and ranks 4,630 of 5,194 in Revisjon, regnskap og rådgivning.
This text is generated automatically from the 2023 accounts.
Three simple methods
The methods give between 1 MNOK and 5 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 22.4 | 3 MNOK |
| EV/EBIT | 17.4 | 5 MNOK |
| P/B | 4.1 | 1 MNOK |
| EV/EBIT: from enterprise value to equity | NOK |
|---|---|
| Enterprise value (EV) at the listed multiple | 6 MNOK |
| Enterprise value after the size adjustment | 4 MNOK |
| Less net debt (rough figure) | −1 MNOK |
| Equity value | 5 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.
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 NACE code has no listed industry of its own in the table, so the multiples are the sector median: Business & Consumer 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
- watch
The equity ratio is very low. Could the company absorb a bad year, and does it need more equity?
Based on: Equity ratio 5.4% (median 25.3%).
- watch
Consider strengthening liquidity: current liabilities are 1.0 times current assets.
Based on: Current ratio 0.96 (median 1.27).
- 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 1.6% (median 9.0%).
- 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 −6.1% (median −6.9%); Current ratio 0.96 (median 1.27).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 2.6% 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 2026, the sector's weakest year, for this company.
The sector's weakest year was 2026, with a median operating margin of 5.4%. Based on the 9 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 23 | weight 40% |
|---|---|---|
| Solidity | 15 | weight 20% |
| Liquidity | 12 | weight 5% |
| Growth | – | no data, left out |
| Consistency | 26 | 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.
Questions and answers
How profitable is Stretch Optimize AS?
The operating margin was 1.6% in 2023, against a median of 9.0% among companies in the Morning class Small in the same sector. Return on assets was 6.9%.
How solid is Stretch Optimize AS?
The equity ratio was 5.4% in 2023 (median 25.3%). Debt-to-equity was 17.47 (median 2.72).
What is the liquidity of Stretch Optimize AS like?
The current ratio was 0.96 in 2023 (median 1.27). Current assets did not cover current liabilities.
How does Stretch Optimize AS compare in Revisjon, regnskap og rådgivning?
Stretch Optimize AS ranks 4,630 of 5,194 in Revisjon, regnskap og rådgivning for 2023. Among companies in the Morning class Small it is number 779 of 865.
Group accounts
The company is registered as part of a group, but we have no group accounts for it. Group accounts are filed by the parent company, and open data does not say which company that is.
Read the figures with care: a company in a group can look strong because of group contributions, or weak because dividends go up to the parent. The figures are indications, not the full picture.
The shareholder register shows no Norwegian majority owner and no subsidiaries for this company.
From the Central Coordinating Register
- Org. no.
- 996074986
- Legal form
- AS · part of a group
- Sector
- Revisjon, regnskap og rådgivning (70.200)
- Morning company class
- Small
- Employees
- 8 registered 10 October 2026
- Founded
- 14 September 2010 16 years in operation
- Share capital
- 0.25 MNOK
- Business address
- Torggata 5, 0181 OSLO
- Municipality
- Oslo rank 63–220 of 357 in Norway
- Latest accounts filed
- 2025
- Website
- www.stretch.no
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.
Shareholders (2025)
- Number of shareholders
- 3 (one owner holds more than half)
- Largest owner
- 80.0%
- Split
- companies 80% · private persons 20% · foreign 80%
- Group chain
- Ultimate owner: Stretch AB
- Stretch AB (Sweden) · 80.0%
- 2 private persons · 20.0%
The company is new in the shareholder register in 2025.
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 7 November 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 21 | 43 | 4 | |
| Rank | 4,630 | 3,592 | 5,814 | |
| Operating margin | 1.6% | 5.1% | −26.8% | |
| Return on assets | 6.9% | 19.4% | −50.9% | |
| Equity ratio | 5.4% | 18.3% | −11.3% | |
| Current ratio | 0.96 | 1.13 | 1.20 | |
| Revenue growth | – | −9.0% | −31.6% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 21.6 MNOK | 19.7 MNOK | 13.4 MNOK |
| Operating profit | 0.4 MNOK | 1.0 MNOK | −3.6 MNOK |
| Profit before tax | 0.3 MNOK | 0.9 MNOK | −3.8 MNOK |
| Tax expense | 0.1 MNOK | 0.2 MNOK | 0.0 MNOK |
| Net profit | 0.2 MNOK | 0.7 MNOK | −3.8 MNOK |
| Financial expenses | 0.1 MNOK | 0.2 MNOK | 0.3 MNOK |
| Total assets | 5.8 MNOK | 5.6 MNOK | 6.9 MNOK |
| Current assets | 5.3 MNOK | 5.2 MNOK | 6.7 MNOK |
| Equity | 0.3 MNOK | 1.0 MNOK | −0.8 MNOK |
| Retained earnings | 0.3 MNOK | 1.0 MNOK | −2.8 MNOK |
| Total liabilities | 5.5 MNOK | 4.6 MNOK | 7.7 MNOK |
| Current liabilities | 5.5 MNOK | 4.6 MNOK | 5.5 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 7 November 2026, accounts id 4674307.
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