Sourceit 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
33of 100
How to read this: the company is ahead of 26 % of companies in the Morning class Micro in the same sector in 2023. What does this mean?
Rank in the Morning class Micro: 3,193 of 4,300 · What are Morning company classes?
Place in the whole sector: 4,932 of 6,515 · Informasjon og kommunikasjon
Profile
Cheetah · Sprinter
High profitability, lower resilience
Position against comparable companies in 2023, not a verdict on the company. Based on profitability 54 and resilience 8 out of 100 among companies in the Morning class Micro in the same sector in 2023. Methodology
Against the sector
Sourceit AS is 17 points below the median for companies in the Morning class Micro in the same sector in 2023.
Median score 50 among 4,298 companies.
Against companies in the Morning class Micro in the same sector in 2023: operating margin 6.8% (median 6.0%) and equity ratio −2.6% (median 40.4%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 2 MNOK | 2 MNOK |
| Operating margin | 6.8% | 6.0% |
| Profit margin | 7.0% | 6.3% |
| Return on assets | 16.8% | 11.4% |
| Equity ratio | −2.6% | 40.4% |
| Debt-to-equity | – | 1.10 |
| Current ratio | 0.88 | 1.57 |
| Revenue growth | – | 0.0% |
The median and “ahead of” refer to companies in the Morning class Micro in the same sector in 2023. The bar shows the share of companies the figure is ahead of.
With an index of 33, Sourceit AS does better than 26% of companies in the Morning class Micro in the same sector (4,300 companies) in 2023.
Score 2023–2025
- Sourceit AS
- Median: companies in the Morning class Micro 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. |
89 days | 55 days | |
| 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. |
– | 0 days | |
| Net working capital to revenue Current assets less bank deposits less current liabilities, divided by revenue. Negative: short-term debt funds the operations. |
−17.1% | −8.6% | |
| Cash share of current assets How much of the short-term buffer is bank deposits and cash. |
33.5% | 55.3% | |
| 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. |
– | 8.1 | |
| 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% | 0.5% | |
| 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): −0.4 MNOK.
Of the financial costs of 0.0 MNOK, 0.0 MNOK is reported as interest costs in the accounts.
The median and the bar refer to companies in the Morning class Micro 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.
What the numbers say
Sourceit AS had an operating margin of 6.8% and an equity ratio of −2.6% in 2023, and ranks 4,932 of 6,515 in Informasjon og kommunikasjon.
This text is generated automatically from the 2023 accounts.
Three simple methods
The methods give between 2 MNOK and 2 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 18.0 | 2 MNOK |
| EV/EBIT | 14.9 | 2 MNOK |
| P/B | 3.6 | not meaningful |
| EV/EBIT: from enterprise value to equity | NOK |
|---|---|
| Enterprise value (EV) at the listed multiple | 2 MNOK |
| Enterprise value after the size adjustment | 2 MNOK |
| Less net debt (rough figure) | 0 MNOK |
| Equity value | 2 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 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
Worth a closer look
- critical
Equity is negative. How will it be rebuilt, and what do lenders and the auditor say about going concern?
Based on: Equity ratio −2.6% (median 40.4%).
- watch
Consider strengthening liquidity: current liabilities are 1.1 times current assets.
Based on: Current ratio 0.88 (median 1.57).
- 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 −17.1% (median −8.6%); Current ratio 0.88 (median 1.57).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were −0.4% 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
- critical Negative equity
Scenario analysis: the sector's weakest year
We have no accounts for 2022, the sector's weakest year, for this company.
The sector's weakest year was 2022, 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
What the score is made of
| Profitability | 54 | weight 40% |
|---|---|---|
| Solidity | 0 | weight 20% |
| Liquidity | 18 | weight 5% |
| Growth | – | no data, left out |
| Consistency | 21 | 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 Sourceit AS?
The operating margin was 6.8% in 2023, against a median of 6.0% among companies in the Morning class Micro in the same sector. Return on assets was 16.8%.
How solid is Sourceit AS?
The equity ratio was −2.6% in 2023 (median 40.4%). Equity is negative, so liabilities exceed assets.
What is the liquidity of Sourceit AS like?
The current ratio was 0.88 in 2023 (median 1.57). Current assets did not cover current liabilities.
How does Sourceit AS compare in Informasjon og kommunikasjon?
Sourceit AS ranks 4,932 of 6,515 in Informasjon og kommunikasjon for 2023. Among companies in the Morning class Micro it is number 3,193 of 4,300.
Group structure · 2025
2 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 Sigtor AS.
Sigtor 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 (1 company), Eiendom (1 company) 2 of 2 companies in the tree have accounts with us. Sectors are sorted by the companies' own revenue, which includes sales between the group's companies.
- Negative equity
- 1 company: Sigtor AS
- Loss
- 1 company: Sigtor 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.
-
Sigtor AS
- Sourceit AS you are here
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.
From the Central Coordinating Register
- Org. no.
- 998514517
- Legal form
- AS
- Sector
- Informasjon og kommunikasjon (62.100)
- Morning company class
- Micro
- Employees
- 0–4 (not registered)
- Founded
- 15 May 2012 14 years in operation
- Share capital
- 0.04 MNOK
- Business address
- Prestegata 7, 4950 RISØR
- Municipality
- Risør rank 21–36 of 40 in KOSTRA group 1
- Audit
- Audit opted out from 30 June 2014
- Latest accounts filed
- 2025
- Website
- sourceit.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 8 November 2026. Only names are shown.
Shareholders (2025)
- Number of shareholders
- 2 (one owner holds more than half)
- Largest owner
- 75.0%
- Split
- companies 75% · private persons 25% · foreign 0%
- Owned from the same municipality
- 75%
- Group chain
-
Owned by: Sigtor AS (75%)
Ultimate owner: Sigtor AS
The owner: the majority owner Sigtor AS (holds 75%) had negative equity in 2025. 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.
- Sigtor AS · 75.0%
- 1 private persons · 25.0%
The company is new in the shareholder register in 2025.
Holds shares in: Salt Life AS (1%), Aktivtmed AS (25%)
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 10 November 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 33 | 27 | 31 | |
| Rank | 4,932 | 6,139 | 6,117 | |
| Operating margin | 6.8% | 1.3% | 1.4% | |
| Return on assets | 16.8% | 2.8% | 3.8% | |
| Equity ratio | −2.6% | −1.1% | 2.7% | |
| Current ratio | 0.88 | 0.72 | 0.49 | |
| Revenue growth | – | −14.5% | −20.5% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 2.5 MNOK | 2.1 MNOK | 1.7 MNOK |
| Operating profit | 0.2 MNOK | 0.0 MNOK | 0.0 MNOK |
| Profit before tax | 0.2 MNOK | 0.0 MNOK | 0.0 MNOK |
| Tax expense | – | – | – |
| Net profit | 0.2 MNOK | 0.0 MNOK | 0.0 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK | – |
| Total assets | 1.0 MNOK | 1.0 MNOK | 1.0 MNOK |
| Current assets | 0.9 MNOK | 0.7 MNOK | 0.5 MNOK |
| Equity | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Retained earnings | −0.1 MNOK | 0.0 MNOK | 0.0 MNOK |
| Total liabilities | 1.0 MNOK | 1.0 MNOK | 1.0 MNOK |
| Current liabilities | 1.0 MNOK | 1.0 MNOK | 1.0 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 10 November 2026, accounts id 5229317.
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