Clean-Start AS
Score · fiscal year 2023
44of 100
How to read this: the company is ahead of 39 % of companies in the Morning class Small in the same sector in 2023. What does this mean?
Rank in the Morning class Small: 537 of 884 · What are Morning company classes?
Place in the whole sector: 1,678 of 2,829 · Forretningsmessig tjenesteyting
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2023, not a verdict on the company. Based on profitability 46 and solidity 37 out of 100 among companies in the Morning class Small in the same sector in 2023. Methodology
Against the sector
Clean-Start AS is 5 points below the median for companies in the Morning class Small in the same sector in 2023.
Median score 49 among 884 companies.
Against companies in the Morning class Small in the same sector in 2023: operating margin 3.2% (median 4.6%) and equity ratio 18.6% (median 24.7%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 18 MNOK | 21 MNOK |
| Operating margin | 3.2% | 4.6% |
| Profit margin | 3.3% | 4.3% |
| Return on assets | 10.5% | 11.2% |
| Equity ratio | 18.6% | 24.7% |
| Debt-to-equity | 4.37 | 2.55 |
| Current ratio | 1.21 | 1.24 |
| Revenue growth | – | −0.7% |
| Revenue per employee | 0.39 MNOK | 0.96 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 44, Clean-Start AS does better than 39% of companies in the Morning class Small in the same sector (884 companies) in 2023.
Score 2023–2025
- Clean-Start AS
- Median: companies in the Morning class Small in the same sector
What the numbers say
Clean-Start AS had an operating margin of 3.2% and an equity ratio of 18.6% in 2023, and ranks 1,678 of 2,829 in Forretningsmessig tjenesteyting.
This text is generated automatically from the 2023 accounts.
Three simple methods
The methods give between 1 MNOK and 6 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 17.3 | 4 MNOK |
| EV/EBIT | 14.1 | 6 MNOK |
| P/B | 2.7 | 1 MNOK |
The listed basis is the value at listed multiples. The estimate is lowered by 51% for an unlisted company: 20% for lack of marketability and 38% for size (a small-company premium of 4% on the cost of equity).
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
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 0.1% 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 0.3%. 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 | 46 | weight 30% |
|---|---|---|
| Solidity | 37 | weight 25% |
| Liquidity | 48 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 45 | weight 15% |
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is Clean-Start AS?
The operating margin was 3.2% in 2023, against a median of 4.6% among companies in the Morning class Small in the same sector. Return on assets was 10.5%.
How solid is Clean-Start AS?
The equity ratio was 18.6% in 2023 (median 24.7%). Debt-to-equity was 4.37 (median 2.55).
What is the liquidity of Clean-Start AS like?
The current ratio was 1.21 in 2023 (median 1.24).
How does Clean-Start AS compare in Forretningsmessig tjenesteyting?
Clean-Start AS ranks 1,678 of 2,829 in Forretningsmessig tjenesteyting for 2023. Among companies in the Morning class Small it is number 537 of 884.
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.
We do not show the group structure, because open data does not say who owns whom.
From the Central Coordinating Register
- Org. no.
- 997178068
- Legal form
- AS · part of a group
- Sector
- Forretningsmessig tjenesteyting (81.210)
- Morning company class
- Small
- Employees
- 46 registered 10 October 2026
- Founded
- 1 June 2011 15 years in operation
- Share capital
- 0.30 MNOK
- Business address
- 2.etg., Engebrets vei 3, 0275 OSLO
- Municipality
- Oslo rank 63–220 of 357 in Norway
- Latest accounts filed
- 2025
- Website
- www.clean-start.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 31 October 2026. Only names are shown.
Shareholders (2025)
- Number of shareholders
- 1 (one owner)
- Largest owner
- 100.0%
- Split
- companies 100% · private persons 0% · foreign 0%
- Owned from the same municipality
- 100%
- Group chain
-
Owned by: Capitol Iii AS (100%)
Ultimate owner: Capitol II AS
The owner: the majority owner Capitol Iii AS (holds 100%) made a loss in 2025. A weak parent can affect the subsidiary through group contributions, loans and guarantees. It is an indication to watch, not an assessment of the company.
- Capitol Iii AS · 100.0%
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.
Figures last fetched 2 November 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 44 | 40 | 27 | |
| Rank | 1,678 | 2,057 | 2,594 | |
| Operating margin | 3.2% | 1.0% | −3.1% | |
| Return on assets | 10.5% | 4.0% | −11.4% | |
| Equity ratio | 18.6% | 22.0% | 18.8% | |
| Current ratio | 1.21 | 1.15 | 1.04 | |
| Revenue growth | – | −3.0% | −10.7% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 18.0 MNOK | 17.5 MNOK | 15.6 MNOK |
| Operating profit | 0.6 MNOK | 0.2 MNOK | −0.5 MNOK |
| Profit before tax | 0.6 MNOK | 0.2 MNOK | −0.5 MNOK |
| Tax expense | 0.1 MNOK | 0.0 MNOK | −0.1 MNOK |
| Net profit | 0.5 MNOK | 0.2 MNOK | −0.4 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK | – |
| Total assets | 5.7 MNOK | 5.3 MNOK | 4.2 MNOK |
| Current assets | 5.6 MNOK | 4.7 MNOK | 3.6 MNOK |
| Equity | 1.1 MNOK | 1.2 MNOK | 0.8 MNOK |
| Retained earnings | 0.8 MNOK | 0.9 MNOK | 0.5 MNOK |
| Total liabilities | 4.6 MNOK | 4.1 MNOK | 3.4 MNOK |
| Current liabilities | 4.6 MNOK | 4.1 MNOK | 3.4 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 2 November 2026, accounts id 5077797.
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