BX Software AS

Org. no. 997586697 · Oslo · 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

Key facts

Employees 10 registered 10 August 2026
Operating revenue · 2025 43.6 MNOK Small
Net profit · 2025 22.5 MNOK
Equity · 2025 57.0 MNOK
Founded 2011 15 years in operation
Quick check · fiscal year 2025

Is the company run well?

Five key figures against companies in the Morning class Small in the same sector. Green is better than most, amber about like the industry and red weaker than most.

  • Profitability · operating margin 59.3% Better than the industry Industry: 5.3%
  • Returns · return on assets 30.9% Better than the industry Industry: 9.9%
  • Solidity · equity ratio 60.8% Better than the industry Industry: 34.5%
  • Liquidity · current ratio 2.55 Better than the industry Industry: 1.34
  • Growth · revenue growth 24.0% Better than the industry Industry: 7.7%

The mark comes from the company's place among comparable companies (percentile): green from 60, amber from 40, red below 40. Negative equity, an operating loss and a current ratio under 1 pull it down regardless. Methodology

Score · fiscal year 2025

78of 100

How to read this: the company is ahead of 96 % of companies in the Morning class Small in the same sector in 2025. What does this mean?

Rank in the Morning class Small: 56 of 1,532 · What are Morning company classes?
Place in the whole sector: 306 of 7,319 · Informasjon og kommunikasjon

Profile

Lion · Leader

High profitability, high resilience

Position against comparable companies in 2025, not a verdict on the company. Based on profitability 90 and resilience 78 out of 100 among companies in the Morning class Small in the same sector in 2025. Methodology

Against the sector

BX Software AS is 27 points above the median for companies in the Morning class Small in the same sector in 2025.

Median score 51 among 1,531 companies.

Against companies in the Morning class Small in the same sector in 2025: operating margin 59.3% (median 5.3%) and equity ratio 60.8% (median 34.5%).

Source: Register of Company Accounts and Central Coordinating RegisterFetched 6 November 2026Report an issue
Development

How it has gone · 2023–2025

Revenue rose by 64 % from 2023 to 2025, to 43.6 MNOK. The operating margin rose from 54.1% in 2023 to 59.3% in 2025. The equity ratio rose from 44.2% in 2023 to 60.8% in 2025.

Score · 2025 78 −2 points since 2023 (weaker)
Operating revenue · 2025 43.6 MNOK +64% since 2023 (better)
Net profit · 2025 22.5 MNOK +65% since 2023 (better)
Operating margin · 2025 59.3% +5.2 pp since 2023 (better)
Equity ratio · 2025 60.8% +16.6 pp since 2023 (better)
Current ratio · 2025 2.55 +0.76 since 2023 (better)

Amounts in the reporting currency. The full year-by-year table is further down under «Details». See every figure year by year

Accounts in short

Key figure202320242025
Operating revenue26.6 MNOK35.1 MNOK43.6 MNOK
Operating profit14.4 MNOK21.2 MNOK25.8 MNOK
Net profit13.7 MNOK18.0 MNOK22.5 MNOK
Total assets37.3 MNOK63.5 MNOK93.6 MNOK
Equity16.5 MNOK34.5 MNOK57.0 MNOK
Total liabilities20.8 MNOK29.0 MNOK36.7 MNOK

From the Brønnøysund Register Centre, in the company's reporting currency (NOK). See every figure year by year

From the Central Coordinating Register

Org. no.
997586697
Legal form
AS
Sector
Informasjon og kommunikasjon (62.100)
Purpose
Utvikling og salg av programvare.
Morning company class
Small
Employees
10 registered 10 August 2026
Founded
30 September 2011 15 years in operation
Share capital
0.18 MNOK
Business address
Karihaugveien 89, 1086 OSLO
Municipality
Oslo rank 63–220 of 357 in Norway
Latest accounts filed
2025
VAT registered
Yes
The company's business municipality, Oslo. The map shows the municipality, not the address. Map source: Kartverket (CC BY 4.0).

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

Summary analysis

BX Software AS has a score of 78 for 2025, rank 306 of 7,319 in the sector.

Strongest: Profitability: percentile 90 against peers, operating margin 59.3% against a median of 5.3%. Liquidity: percentile 83 against peers, current ratio 2.55 against a median of 1.34.

No area is clearly below its peers.

Worth a closer look

Written by fixed rules from the figures. Describes the figures, does not explain causes. Not investment or financial advice. How the summary is made

Indications · 2025

Worth a closer look

  • positive

    Upper quartile on profitability, solidity and liquidity. What sets this company apart from the rest of the sector?

    Based on: Operating margin 59.3% (median 5.3%); Equity ratio 60.8% (median 34.5%); Current ratio 2.55 (median 1.34).

Indications based on the latest annual accounts from open data. Not investment or financial advice.

Financial costs were 0.4% 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.

See interest rates, prices and exchange rates for the sector

Data quality

No anomalies found in the figures.

Stress test · 2026

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

Components · 2025

What the score is made of

Profitability90 weight 40%
Solidity77 weight 20%
Liquidity83 weight 5%
Growth57 weight 25%
Consistency78 weight 10%

Three goals: profitability 40%, growth 25%, resilience 35%. Why these weights?

Durability: 80 (average over 3 years)

Index version 3. Data completeness 100%: the share of the weights that had data.

Key figures · 2025

The numbers behind the score

The numbers behind the score · 2025
MeasureCompanyMedianAhead of
Operating revenue44 MNOK20 MNOK
Operating margin 59.3% 5.3% 98 %
Profit margin 66.1% 5.5% shown, not part of the index
Return on assets 30.9% 9.9% 81 %
Equity ratio 60.8% 34.5% 78 %
Debt-to-equity 0.64 1.61 76 %
Current ratio 2.55 1.34 83 %
Revenue growth 24.0% 7.7% 75 %
Revenue per employee4.36 MNOK1.93 MNOK

The median and “ahead of” refer to companies in the Morning class Small in the same sector in 2025. The bar shows the share of companies the figure is ahead of.

With an index of 78, BX Software AS does better than 96% of companies in the Morning class Small in the same sector (1,532 companies) in 2025.

Over time

Score 2023–2025

CompanyMedian0255075100202320242025
  • BX Software AS
  • Median: companies in the Morning class Small in the same sector
Working capital and debt · 2025

Working capital and debt

Working capital and debt · 2025
MeasureCompanyMedianHigher than
Working capital
Receivable days
All current receivables, including those on group companies, in days of revenue.
31 days 73 days 16 %
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.
2 days 0 days 79 %
Net working capital to revenue
Current assets less bank deposits less current liabilities, divided by revenue. Negative: short-term debt funds the operations.
−75.0% −7.8% 5 %
Cash share of current assets
How much of the short-term buffer is bank deposits and cash.
95.8% 43.2% 98 %
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.
190.6 7.9 84 %
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.
0.4% 1.2% 33 %
Long-term share of debt
Long-term debt as a share of all debt. A low share means more falls due within a year.
– 13.9% not compared

Net working capital (current assets less bank deposits less current liabilities): −32.7 MNOK.

Of the financial costs of 0.1 MNOK, 0.0 MNOK is reported as interest costs in the accounts.

The median and the bar refer to companies in the Morning class Small in the same sector in 2025. 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.

Our calculations Returns and quality · 2025

Returns, debt against earnings and quality

Returns, debt against earnings and quality · 2025
MeasureCompanyMedianHigher than
Returns
Return on equity (ROE)
Net result over the average of equity at the start and end of the year (the end alone when last year is missing). Not calculated with negative equity.
49.1% 20.3% 68 %
Return on capital employed (ROCE)
Operating result over capital employed, that is total assets less current liabilities. The return regardless of how the company is financed.
45.3% 17.9% 67 %
Net margin
Net result over revenue. The first part of the DuPont split of return on equity.
51.5% 4.6% 98 %
Asset turnover (revenue over assets)
Revenue over total assets: how many kroner of revenue each krone of assets gives. The second part of the DuPont split.
0.47 1.57 12 %
Equity multiplier
Total assets over equity: 4 means three quarters is financed with debt. The third part of the DuPont split.
1.64 2.61 24 %
Debt and financing
Net debt in times operating result
Long-term liabilities less cash, over the operating result: roughly how many years the business must earn to repay the debt. A negative figure means more cash than long-term debt. Rough, because the accounts do not split out interest-bearing debt. Only calculated when the operating result is positive.
– −0.8 not compared
Fixed-asset cover
Equity plus long-term liabilities over fixed assets (total assets less current assets). Below 1: fixed assets are partly financed with short-term debt.
– 1.33 not compared
Quick ratio (without inventory)
Cash plus receivables over current liabilities. Like the current ratio but without inventory and short-term investments.
2.54 1.27 86 %
Quality and resilience
Effective tax rate
Tax expense over profit before tax, only when the profit is positive. Far from 22% points to one-off items, tax losses carried forward or group contributions.
22.0% 22.0% 58 %
Operating leverage
Percentage change in operating result over percentage change in revenue from last year. 3 means a 1% fall in revenue gives a 3% fall in operating result. Only calculated when revenue moved at least 2% and last year's operating result was positive.
0.9 1.6 40 %
Payroll costs over revenue
Payroll costs (with employer's contribution and pension) over revenue. Shows how much of revenue is a fixed cost in a service business.
29.5% 42.8% 29 %
Revenue safety margin
How far revenue can fall before the operating result is zero, assuming payroll is fixed and all other costs follow revenue. A calculation, not a measurement: depreciation and rent are also fixed, so reality is lower.
66.8% 19.7% 92 %
Cash runway (months)
Cash over the operating loss per month, only for years with a loss. Assumes the loss continues unchanged and no new financing arrives. Capped at 120 months.
– 10 mo. not compared

DuPont on the closing balance: net margin 51.5% × asset turnover 0.47 × multiplier 1.64 = 39.4% of equity at the end of the year. The return on equity above uses average equity and can differ slightly.

The median and the bar are for companies in the Morning class Small in the same sector in 2025. The bar shows the share of the group with a lower figure: high is not always good. The figures are our own calculations from the annual accounts and do not count in the score. Open data has no depreciation, so no EBITDA, and the accounts do not split out interest-bearing debt. How we calculate

The industry or the company: what drove the result?

In 2025 the operating margin of BX Software AS fell by 1.1 percentage points. Comparable companies rose by a median 0.3 points. So the company did 1.4 points weaker than the industry, for reasons of its own.

Over 2 year-to-year changes BX Software AS moved the same way as comparable companies 0 times. About 5% of the changes in operating margin were common to the industry; the rest was the company's own.

The operating margin of BX Software AS against comparable companies, year by year
YearThe companyComparable (median) Change, companyChange, industryThe company's own
202460.3%5.0% +6.3 percentage points +0.1 percentage points +6.2 percentage points
202559.3%5.3% −1.1 percentage points +0.3 percentage points −1.4 percentage points

Comparable companies are those in the same industry and Morning company class. Their change shows what hit the whole industry, the sector drivers below included. The rest is the company's own: contracts, costs, one-off items or operations. The share is approximate, and we claim no cause.

The company and its sector's drivers

Prices, rate and currency that shape the sector's year, year by year beside the operating margin of BX Software AS. The figures stand side by side; we claim no cause.

Service prices: information and communication (indeks (2021 = 100))

Service prices: information and communication rose 4.0% in 2025; the operating margin of BX Software AS fell 1.1 percentage points.

Service prices: information and communication per year and the operating margin of BX Software AS
Measure202120222023202420252026
Service prices: information and communication, annual average100.0103.3108.7112.2116.7120.0 (so far)
Change from the year before–+3.2%+5.3%+3.2%+4.0%+2.8%
The company's operating margin––54.1%60.3%59.3%–

Source: SSB (14335, CC BY 4.0). Source

Turnover index: information and communication (indeks (2021 = 100))

Turnover index: information and communication rose 4.6% in 2025; the operating margin of BX Software AS fell 1.1 percentage points.

Turnover index: information and communication per year and the operating margin of BX Software AS
Measure202120222023202420252026
Turnover index: information and communication, annual average99.6111.4126.4128.3134.2141.3 (so far)
Change from the year before+14.7%+11.8%+13.5%+1.5%+4.6%+5.3%
The company's operating margin––54.1%60.3%59.3%–

Source: SSB (13863, CC BY 4.0). Source

USD/NOK (kr)

USD/NOK fell 3.3% in 2025; the operating margin of BX Software AS fell 1.1 percentage points.

USD/NOK per year and the operating margin of BX Software AS
Measure202120222023202420252026
USD/NOK, annual average8.599.6110.5610.7510.399.54 (so far)
Change from the year before−8.8%+11.9%+9.9%+1.7%−3.3%−8.2%
The company's operating margin––54.1%60.3%59.3%–

Source: Norges Bank (EXR, NLOD 2.0). Source

Policy rate (prosent)

Policy rate fell 0.20 percentage points in 2025; the operating margin of BX Software AS fell 1.1 percentage points.

Policy rate per year and the operating margin of BX Software AS
Measure202120222023202420252026
Policy rate, annual average0.081.323.544.504.304.17 (so far)
Change from the year before−0.28 percentage points+1.24 percentage points+2.22 percentage points+0.96 percentage points−0.20 percentage points−0.12 percentage points
The company's operating margin––54.1%60.3%59.3%–

Source: Norges Bank (IR, NLOD 2.0). Source

Consumer price index (indeks (2025 = 100))

Consumer price index rose 3.0% in 2025; the operating margin of BX Software AS fell 1.1 percentage points.

Consumer price index per year and the operating margin of BX Software AS
Measure202120222023202420252026
Consumer price index, annual average84.389.294.197.0100.0103.0 (so far)
Change from the year before+3.5%+5.8%+5.5%+3.2%+3.0%+3.0%
The company's operating margin––54.1%60.3%59.3%–

Source: SSB (14710, CC BY 4.0). Source

Wage index: IT services (indeks)

Wage index: IT services rose 4.4% in 2025; the operating margin of BX Software AS fell 1.1 percentage points.

Wage index: IT services per year and the operating margin of BX Software AS
Measure202120222023202420252026
Wage index: IT services, annual average84.987.892.397.3101.5105.4 (so far)
Change from the year before+4.9%+3.5%+5.1%+5.4%+4.4%+3.8%
The company's operating margin––54.1%60.3%59.3%–

Source: SSB (12314, CC BY 4.0). Source

We show the drivers and the margin side by side and claim no cause. Sensitivity per company is not computed until we have at least 10 years of accounts per company: with three years such figures are false precision.

Analysis · 2025

What the numbers say

BX Software AS had an operating margin of 59.3% and an equity ratio of 60.8% in 2025, and ranks 306 of 7,319 in Informasjon og kommunikasjon.

From 2024 to 2025: revenue grew by 24% and the equity ratio rose from 54.3% to 60.8%.

This text is generated automatically from the 2025 accounts.

Estimated value · 2025

Three simple methods

Our calculations

Suggested price: about 220 MNOK

The mean of the 3 methods below (P/E, EV/EBIT and P/B with listed multiples and a size adjustment), rounded to two significant figures. It is a calculation, not a bid or a valuation.
That is about 2,453 NOK per share, on 89,694 shares in the shareholder register.

The methods give between 140 MNOK and 297 MNOK.

MethodInputMultipleListed basisEstimate
P/E Net profit (mean 2023–2025): 18.0 MNOK 18.0 325 MNOK 221 MNOK
EV/EBIT Operating profit (mean 2023–2025): 20.5 MNOK
less net debt −89.5 MNOK (rough figure)
14.9 395 MNOK 297 MNOK
P/B Equity: 57.0 MNOK 3.6 205 MNOK 140 MNOK
EV/EBIT: from enterprise value to equityNOK
Enterprise value (EV) at the listed multiple305 MNOK
Enterprise value after the size adjustment208 MNOK
Less net debt (rough figure)−90 MNOK
Equity value297 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. Net debt is −43% of the enterprise value after the size adjustment, so the equity value from EV/EBIT is sensitive to errors in the debt figure.

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

Our calculations

Figures you will not find in any register

We calculated these figures ourselves from the accounts and registers we have read. The company has not reported them and the Brønnøysund Register Centre does not publish them. They are indications and are not part of the index. How we calculate

Personnel cost per employee
1.29 MNOK per employee in 2025
Comparable companies have a median of 0.92 MNOK. This company is above 79% of them (1,138 companies in the same industry and size class).
Payroll costs are 29% of revenue.
Payroll costs in the accounts divided by 10 employees in the business register. Payroll costs include employer's contribution and pension, so they are higher than wages. The employee count is a snapshot and can differ from the average over the accounting year.
Equity paid out or paid in
Equity moved as the result implied in 2025.
Over 2 years it equals 0% of the sum of the results.
Calculated as retained earnings at the start of the year + net result − retained earnings at the end of the year. What remains is dividends and group contributions, plus transfers to other items and corrections of earlier years. It is not a dividend figure.
Owners and leadership aged 60 or older
No sign of a near generation change in the ages.
  • The chair is under 60.
  • The managing director is under 60.
  • 1 of 4 on the board are 60 or older.
Age is this year minus the birth year in the registers and can be a year off. It says something about age, not about anyone planning to step down.

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

2025

Questions and answers

How profitable is BX Software AS?

The operating margin was 59.3% in 2025, against a median of 5.3% among companies in the Morning class Small in the same sector. Return on assets was 30.9%.

How solid is BX Software AS?

The equity ratio was 60.8% in 2025 (median 34.5%). Debt-to-equity was 0.64 (median 1.61).

What is the liquidity of BX Software AS like?

The current ratio was 2.55 in 2025 (median 1.34).

How does BX Software AS compare in Informasjon og kommunikasjon?

BX Software AS ranks 306 of 7,319 in Informasjon og kommunikasjon for 2025. Among companies in the Morning class Small it is number 56 of 1,532. Revenue changed by 24.0% from the year before.

2025

Competitors

The 8 closest competitors in the same line of business, placed in the same matrix as the sector page: profitability up, resilience to the right. These are the companies the competitor analysis and the strategy report compare with.

Indykite Norway AS: 71 / 88Bibliotek-Systemer A/S: 85 / 41Dialog Exe AS: 62 / 20Autostore Business Services AS: 92 / 58Fynd Reality AS: 52 / 57BX Software AS: 90 / 78Norbits AS: 97 / 24Vitec Forsikring AS: 54 / 67Ticketco AS: 72 / 8500252550507575100100Resilience, percentile against peers →↑ Profitability, percentile against peers

CompanyProfileOperating revenueOperating marginScore
Indykite Norway AS · same municipality Lion 45 MNOK 8.9% 69
Bibliotek-Systemer A/S Cheetah 45 MNOK 18.9% 64
Dialog Exe AS Cheetah 45 MNOK 13.4% 49
Autostore Business Services AS Lion 44 MNOK 59.6% 77
Fynd Reality AS Lion 44 MNOK 7.0% 56
BX Software AS (this company) Lion 44 MNOK 59.3% 78
Norbits AS Cheetah 43 MNOK 46.6% 64
Vitec Forsikring AS · same municipality Lion 42 MNOK 5.2% 59
Ticketco AS Lion 42 MNOK 27.9% 73

The selection is the closest in revenue within the same industry code. When you order, you can swap competitors. Order competitor analysis

Group structure · 2025

35 companies in the group according to the shareholder register for 2025. A company counts as a subsidiary when a Norwegian company owns more than half of its shares.

No owner holds more than half of the shares in Synaferd AS.

Synaferd AS has not filed group accounts in open data, so the group has no index of its own. Each company has its own accounts.

The group in figures

Sectors
Informasjon og kommunikasjon (29 companies), Forretningsmessig tjenesteyting (3 companies), Undervisning (1 company), Eiendom (1 company), Teknisk tjenesteyting og forskning (1 company) 35 of 35 companies in the tree have accounts with us. Sectors are sorted by the companies' own revenue, which includes sales between the group's companies.
Employees in Norway
2,240 in all. Oslo 1,641, Trondheim 157, Øygarden 127, Bodø 116, Bø 78, Alta 64 and 3 more municipalities Registered employees in the Central Coordinating Register, by the municipality of the business address. Employees may work elsewhere.
Loss
5 companies: Compello AS, Vieri AS, Dottie HR AS, Visma Resolve AS, Mandora AS
Changed 2024–2025
2 companies joined the group: Visma Amili AS, Adaptive AS. 5 companies left, among them: Mystore.No AS, Broker AS, Ehra Talent Solutions AS, Admincontrol AS.

A subsidiary with negative equity or a loss may be backed by the group, for example with group contributions or guarantees. It is an indication of what is worth asking about, not an assessment.

  • Synaferd AS operating · Informasjon og kommunikasjon
    • Visma AS 100% owned · operating · index 50 · number 3772 of 7319 in Informasjon og kommunikasjon
      • Visma Norge Holding AS 100% owned · holding company · Informasjon og kommunikasjon
        • BX Software AS you are here 80% owned · operating · index 78 · number 306 of 7319 in Informasjon og kommunikasjon
        • Tripletex AS 100% owned · operating · index 64 · number 1641 of 7319 in Informasjon og kommunikasjon
        • Visma Software AS 100% owned · operating · index 62 · number 1905 of 7319 in Informasjon og kommunikasjon
        • Visma Software International AS 100% owned · operating · index 40 · number 5170 of 7319 in Informasjon og kommunikasjon
        • Visma Enterprise AS 100% owned · operating · index 67 · number 1236 of 7319 in Informasjon og kommunikasjon
        • Poweroffice AS 100% owned · operating · index 62 · number 1917 of 7319 in Informasjon og kommunikasjon
        • Visma Flyt AS 100% owned · operating · index 51 · number 3684 of 7319 in Informasjon og kommunikasjon
        • Sticos AS 100% owned · operating · index 59 · number 2309 of 7319 in Informasjon og kommunikasjon
        • Acos AS 100% owned · operating · index 65 · number 1463 of 7319 in Informasjon og kommunikasjon
        • Amili Collection AS 100% owned · operating · index 64 · number 1506 of 6317 in Forretningsmessig tjenesteyting
          • Kreditt Invest AS 100% owned · operating · index 60 · number 1892 of 6317 in Forretningsmessig tjenesteyting
        • Framsikt AS 100% owned · operating · index 56 · number 2785 of 7319 in Informasjon og kommunikasjon
        • House of Control AS 100% owned · operating · index 22 · number 6755 of 7319 in Informasjon og kommunikasjon
        • Giant Leap Technologies AS 100% owned · operating · index 59 · number 2289 of 7319 in Informasjon og kommunikasjon
        • Smartdok AS 100% owned · operating · index 58 · number 2414 of 7319 in Informasjon og kommunikasjon
        • Visma Amili AS 100% owned · operating · index 47 · number 4160 of 7319 in Informasjon og kommunikasjon
        • and 14 more companies
      • Visma International Holding AS 100% owned · holding company · Eiendom
      • Visma Treasury AS 100% owned · operating · Informasjon og kommunikasjon

The tree shows up to 4 levels below the top. Large groups have more companies than shown.

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.

Source: the Norwegian Tax Administration's shareholder register 2025 (majority owner with more than 50 % of the shares). Voting agreements and ownership through other countries are not included.

Ownership and roles

Loading roles …

Source: Central Coordinating Register, fetched 1 November 2026. Only names are shown.

Shareholders (2025)

Number of shareholders
6 (one owner holds more than half)
Largest owner
80.0% · top three 92.3%
Split
companies 94% · private persons 6% · foreign 0%
Owned from the same municipality
88%
Group chain
Owned by: Visma Norge Holding AS (80%)
Ultimate owner: Synaferd AS

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.

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Is this your company? Suggest changes or add information

Figures last fetched 6 November 2026.

Details

Year by year · 2023–2025

Key figure202320242025Trend
Index808178
Rank575170306
Operating margin54.1%60.3%59.3%
Return on assets39.2%36.4%30.9%
Equity ratio44.2%54.3%60.8%
Current ratio1.792.192.55
Revenue growth–32.2%24.0%

Accounts

From the Brønnøysund Register Centre, in the company's reporting currency (NOK).

Key figure202320242025
Operating revenue26.6 MNOK35.1 MNOK43.6 MNOK
Operating profit14.4 MNOK21.2 MNOK25.8 MNOK
Profit before tax14.5 MNOK23.1 MNOK28.8 MNOK
Tax expense0.9 MNOK5.1 MNOK6.4 MNOK
Net profit13.7 MNOK18.0 MNOK22.5 MNOK
Financial expenses0.1 MNOK0.1 MNOK0.1 MNOK
Total assets37.3 MNOK63.5 MNOK93.6 MNOK
Current assets37.2 MNOK63.5 MNOK93.5 MNOK
Equity16.5 MNOK34.5 MNOK57.0 MNOK
Retained earnings16.3 MNOK34.3 MNOK56.8 MNOK
Total liabilities20.8 MNOK29.0 MNOK36.7 MNOK
Current liabilities20.8 MNOK29.0 MNOK36.7 MNOK

Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 6 November 2026, accounts id 7178657.