IPC AS
Score · fiscal year 2025
46of 100
How to read this: the company is ahead of 40 % of companies in the Morning class Medium in the same sector in 2025. What does this mean?
Rank in the Morning class Medium: 523 of 871 · What are Morning company classes?
Place in the whole sector: 12,078 of 20,440 · Bygg og anlegg
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 92 and solidity 3 out of 100 among companies in the Morning class Medium in the same sector in 2025. Methodology
Against the sector
IPC AS is 4 points below the median for companies in the Morning class Medium in the same sector in 2025.
Median score 50 among 870 companies.
Against companies in the Morning class Medium in the same sector in 2025: operating margin 12.4% (median 4.6%) and equity ratio 6.0% (median 28.9%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 182 MNOK | 178 MNOK |
| Operating margin | 12.4% | 4.6% |
| Profit margin | 12.6% | 4.6% |
| Return on assets | 34.6% | 11.5% |
| Equity ratio | 6.0% | 28.9% |
| Debt-to-equity | 15.63 | 2.44 |
| Current ratio | 1.18 | 1.35 |
| Revenue growth | 15.0% | 6.6% |
| Revenue per employee | 6.08 MNOK | 3.09 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 46, IPC AS does better than 40% of companies in the Morning class Medium in the same sector (871 companies) in 2025.
Score 2023–2025
- IPC AS
- Median: companies in the Morning class Medium in the same sector
IPC AS has a score of 46 for 2025, rank 12,078 of 20,440 in the sector.
Strongest: Profitability: percentile 92 against peers, operating margin 12.4% against a median of 4.6%. Growth: percentile 64 against peers, revenue growth 15.0% against a median of 6.6%.
Weakest: Solidity: percentile 3 against peers, equity ratio 6.0% against a median of 28.9%. Consistency: percentile 25 against peers.
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 6.0% (median 28.9%).
- What lies behind weak solidity, and will it last?
- What lies behind weak consistency, 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
What the numbers say
IPC AS had an operating margin of 12.4% and an equity ratio of 6.0% in 2025, and ranks 12,078 of 20,440 in Bygg og anlegg.
From 2024 to 2025: the equity ratio fell from 40.7% to 6.0% and revenue grew by 15%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 4 MNOK and 200 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 179 MNOK |
| EV/EBIT | 8.0 | 200 MNOK |
| P/B | 1.0 | 4 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 equity ratio is very low. Could the company absorb a bad year, and does it need more equity?
Based on: Equity ratio 6.0% (median 28.9%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 0.6% 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.
Data quality
No anomalies found in the figures.
Scenario analysis: the sector's weakest year
We have no accounts for 2021, the sector's weakest year, for this company.
The sector's weakest year was 2021, with a median operating margin of 1.8%. Based on the 10 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 92 | weight 30% |
|---|---|---|
| Solidity | 3 | weight 25% |
| Liquidity | 27 | weight 15% |
| Growth | 64 | weight 15% |
| Consistency | 25 | weight 15% |
Durability: 63 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is IPC AS?
The operating margin was 12.4% in 2025, against a median of 4.6% among companies in the Morning class Medium in the same sector. Return on assets was 34.6%.
How solid is IPC AS?
The equity ratio was 6.0% in 2025 (median 28.9%). Debt-to-equity was 15.63 (median 2.44).
What is the liquidity of IPC AS like?
The current ratio was 1.18 in 2025 (median 1.35).
How does IPC AS compare in Bygg og anlegg?
IPC AS ranks 12,078 of 20,440 in Bygg og anlegg for 2025. Among companies in the Morning class Medium it is number 523 of 871. Revenue changed by 15.0% from the year before.
From the Central Coordinating Register
- Org. no.
- 996313018
- Legal form
- AS
- Sector
- Bygg og anlegg (43.221)
- Morning company class
- Medium
- Employees
- 30 registered 10 October 2026
- Founded
- 13 December 2010 15 years in operation
- Share capital
- 0.40 MNOK
- Business address
- Svegeskogen 17A, 4400 FLEKKEFJORD
- Municipality
- Flekkefjord rank 13–26 of 39 in KOSTRA group 4
- 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
- Chief executive
- Jan Rune Åsly
- Chair of the board
- Jan Rune Åsly
- Board member
- Frode Bakken Bøckman
- Deputy member
- Serina Bakken Bøckman
- Deputy member
- Ine Cathrin Åsly
- Auditor
- CEDRA NORGE AS
- Accountant
- REGNSKAP-SERVICE FLEKKEFJORD AS
Source: Central Coordinating Register, fetched 29 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 29 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 60 | 84 | 46 | |
| Rank | 6,597 | 374 | 12,078 | |
| Operating margin | 4.6% | 15.0% | 12.4% | |
| Return on assets | 12.0% | 38.9% | 34.6% | |
| Equity ratio | 43.4% | 40.7% | 6.0% | |
| Current ratio | 1.72 | 1.83 | 1.18 | |
| Revenue growth | – | 151.8% | 15.0% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 62.9 MNOK | 158.5 MNOK | 182.3 MNOK |
| Operating profit | 2.9 MNOK | 23.7 MNOK | 22.7 MNOK |
| Profit before tax | 3.2 MNOK | 23.8 MNOK | 23.0 MNOK |
| Net profit | 2.5 MNOK | 18.6 MNOK | 17.9 MNOK |
| Financial expenses | 0.1 MNOK | 0.2 MNOK | 0.4 MNOK |
| Total assets | 27.8 MNOK | 61.8 MNOK | 67.3 MNOK |
| Current assets | 24.8 MNOK | 57.3 MNOK | 63.0 MNOK |
| Equity | 12.1 MNOK | 25.2 MNOK | 4.0 MNOK |
| Retained earnings | 11.7 MNOK | 24.8 MNOK | 3.6 MNOK |
| Total liabilities | 15.7 MNOK | 36.7 MNOK | 63.3 MNOK |
| Current liabilities | 14.5 MNOK | 31.2 MNOK | 53.4 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 29 October 2026, accounts id 7021926.
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