ICN AS
Score · fiscal year 2025
47of 100
How to read this: the company is ahead of 45 % of small companies in the same sector in 2025. What does this mean?
Rank: 21,450 of 38,670 · Handel
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 33 and solidity 57 out of 100 among small companies in the same sector in 2025. Methodology
Against the sector
ICN AS is 3 points below the median for small companies in the same sector in 2025.
Median score 50 among 36,110 companies.
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating margin | – | 2.5% |
| Profit margin | – | 2.2% |
| Return on assets | −1.3% | 4.0% |
| Equity ratio | 53.7% | 38.3% |
| Debt-to-equity | 0.86 | 0.99 |
| Current ratio | 2.09 | 1.70 |
| Revenue growth | – | 3.5% |
The median and “ahead of” refer to small companies in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 47, ICN AS does better than 45% of small companies in the same sector (36,579 companies) in 2025.
Score 2023–2025
- ICN AS
- Median: small companies in the same sector
ICN AS has a score of 47 for 2025, rank 21,450 of 38,670 in the sector.
Strongest: Liquidity: percentile 58 against peers, current ratio 2.09 against a median of 1.70.
Weakest: Profitability: percentile 33 against peers.
Worth a closer look
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin – (median 2.2%).
- What lies behind weak profitability, 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
ICN AS had an operating margin of – and an equity ratio of 53.7% in 2025, and ranks 21,450 of 38,670 in Handel.
No large changes in the key figures from 2024 to 2025.
This text is generated automatically from the 2025 accounts.
Three simple methods
One method gives a figure: 1 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 1 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 company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin – (median 2.2%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Data quality
- watch Revenue not reported
Scenario analysis: the sector's weakest year
We have no accounts for 2017, the sector's weakest year, for this company.
The sector's weakest year was 2017, with a median operating margin of −65.6%. Based on the 11 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 33 | weight 30% |
|---|---|---|
| Solidity | 57 | weight 25% |
| Liquidity | 58 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 48 | weight 15% |
Durability: 48 (average over 3 years)
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is ICN AS?
The operating margin was – in 2025, against a median of 2.5% among small companies in the same sector. Return on assets was −1.3%. The company made a loss before tax.
How solid is ICN AS?
The equity ratio was 53.7% in 2025 (median 38.3%). Debt-to-equity was 0.86 (median 0.99).
What is the liquidity of ICN AS like?
The current ratio was 2.09 in 2025 (median 1.70).
How does ICN AS compare in Handel?
ICN AS ranks 21,450 of 38,670 in Handel for 2025. Among companies of the same size (small companies) it ranks 20,052 of 36,579.
From the Central Coordinating Register
- Org. no.
- 998763231
- Legal form
- AS
- Sector
- Handel (46.500)
- Size tier
- small
- Employees
- 0–4 (not registered)
- Founded
- 21 August 2012 14 years in operation
- Share capital
- 0.03 MNOK
- Business address
- Grønland T-banestation, 0188 OSLO
- Municipality
- Oslo rank 63–221 of 357 in Norway
- Audit
- Audit opted out from 28 August 2012
- 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
- Ganeshan Muthuraman
- Chair of the board
- Ganeshan Muthuraman
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 | 50 | 47 | 47 | |
| Rank | 17,377 | 20,703 | 21,450 | |
| Operating margin | – | – | – | |
| Return on assets | −1.0% | −2.3% | −1.3% | |
| Equity ratio | 51.8% | 54.4% | 53.7% | |
| Current ratio | 1.73 | 2.10 | 2.09 | |
| Revenue growth | – | – | – |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | – | – | – |
| Operating profit | 0.0 MNOK | −0.1 MNOK | 0.0 MNOK |
| Profit before tax | 0.0 MNOK | −0.1 MNOK | 0.0 MNOK |
| Net profit | 0.0 MNOK | −0.1 MNOK | 0.0 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK | – |
| Total assets | 2.6 MNOK | 2.4 MNOK | 2.3 MNOK |
| Current assets | 1.6 MNOK | 1.6 MNOK | 1.6 MNOK |
| Equity | 1.3 MNOK | 1.3 MNOK | 1.3 MNOK |
| Retained earnings | 1.3 MNOK | 1.3 MNOK | 1.2 MNOK |
| Total liabilities | 1.2 MNOK | 1.1 MNOK | 1.1 MNOK |
| Current liabilities | 0.9 MNOK | 0.8 MNOK | 0.8 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 29 October 2026, accounts id 6876500.
Further
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