Ipc AS
Score · fiscal year 2024
82of 100
How to read this: the company is ahead of 97 % of companies in the Morning class Medium in the same sector in 2024. What does this mean?
Rank in the Morning class Medium: 52 of 1,723 · What are Morning company classes?
Place in the whole sector: 573 of 19,404 · Bygg og anlegg
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 95 and solidity 73 out of 100 among companies in the Morning class Medium in the same sector in 2024. Methodology
Against the sector
Ipc AS is 31 points above the median for companies in the Morning class Medium in the same sector in 2024.
Median score 51 among 1,723 companies.
Against companies in the Morning class Medium in the same sector in 2024: operating margin 15.0% (median 4.6%) and equity ratio 40.7% (median 30.1%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 158 MNOK | 90 MNOK |
| Operating margin | 15.0% | 4.6% |
| Profit margin | 15.0% | 4.6% |
| Return on assets | 38.9% | 11.8% |
| Equity ratio | 40.7% | 30.1% |
| Debt-to-equity | 1.46 | 2.28 |
| Current ratio | 1.83 | 1.39 |
| Revenue growth | 151.8% | 5.7% |
| Revenue per employee | 5.28 MNOK | 2.48 MNOK |
The median and “ahead of” refer to companies in the Morning class Medium in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
With an index of 82, Ipc AS does better than 97% of companies in the Morning class Medium in the same sector (1,723 companies) in 2024.
Score 2023–2025
- Ipc AS
- Median: companies in the Morning class Medium in the same sector
What the numbers say
Ipc AS had an operating margin of 15.0% and an equity ratio of 40.7% in 2024, and ranks 573 of 19,404 in Bygg og anlegg.
From 2023 to 2024: revenue grew by 152% and the operating margin rose from 4.6% to 15.0%.
This text is generated automatically from the 2024 accounts.
Three simple methods
The methods give between 25 MNOK and 195 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 186 MNOK |
| EV/EBIT | 8.0 | 195 MNOK |
| P/B | 1.0 | 25 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
No rules were triggered for this year.
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 0.7% of the debt in 2024. The policy rate averaged 4.50 % 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 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 | 95 | weight 30% |
|---|---|---|
| Solidity | 73 | weight 25% |
| Liquidity | 80 | weight 15% |
| Growth | 98 | weight 15% |
| Consistency | 58 | weight 15% |
Durability: 75 (average over 2 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 15.0% in 2024, against a median of 4.6% among companies in the Morning class Medium in the same sector. Return on assets was 38.9%.
How solid is Ipc AS?
The equity ratio was 40.7% in 2024 (median 30.1%). Debt-to-equity was 1.46 (median 2.28).
What is the liquidity of Ipc AS like?
The current ratio was 1.83 in 2024 (median 1.39).
How does Ipc AS compare in Bygg og anlegg?
Ipc AS ranks 573 of 19,404 in Bygg og anlegg for 2024. Among companies in the Morning class Medium it is number 52 of 1,723. Revenue changed by 151.8% 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 | 69 | 82 | 46 | |
| Rank | 4,024 | 573 | 11,745 | |
| 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 5607021.
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