KERNEL AS
Score · fiscal year 2023
60of 100
How to read this: the company is ahead of 70 % of companies in the Morning class Small in the same sector in 2023. What does this mean?
Rank in the Morning class Small: 109 of 367 · What are Morning company classes?
Place in the whole sector: 566 of 1,801 · Informasjon og kommunikasjon
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2023, not a verdict on the company. Based on profitability 23 and solidity 100 out of 100 among companies in the Morning class Small in the same sector in 2023. Methodology
Against the sector
KERNEL AS is 11 points above the median for companies in the Morning class Small in the same sector in 2023.
Median score 49 among 367 companies.
Against companies in the Morning class Small in the same sector in 2023: operating margin −22.0% (median 4.3%) and equity ratio 93.0% (median 35.4%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 18 MNOK | 21 MNOK |
| Operating margin | −22.0% | 4.3% |
| Profit margin | −263.3% | 4.5% |
| Return on assets | 2.7% | 9.0% |
| Equity ratio | 93.0% | 35.4% |
| Debt-to-equity | 0.07 | 1.64 |
| Current ratio | 120.58 | 1.31 |
| Revenue growth | – | −20.1% |
| Revenue per employee | 1.66 MNOK | 1.85 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 60, KERNEL AS does better than 70% of companies in the Morning class Small in the same sector (367 companies) in 2023.
Score 2023–2025
- KERNEL AS
- Median: companies in the Morning class Small in the same sector
What the numbers say
KERNEL AS had an operating margin of −22.0% and an equity ratio of 93.0% in 2023, and ranks 566 of 1,801 in Informasjon og kommunikasjon.
This text is generated automatically from the 2023 accounts.
Three simple methods
One method gives a figure: 1,396 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 1,396 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 −263.3% (median 4.5%).
- watch
The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors?
Based on: Operating margin −22.0% (median 4.3%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 84.4% 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
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 4.8%. 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 | 23 | weight 30% |
|---|---|---|
| Solidity | 100 | weight 25% |
| Liquidity | 100 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 29 | weight 15% |
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is KERNEL AS?
The operating margin was −22.0% in 2023, against a median of 4.3% among companies in the Morning class Small in the same sector. Return on assets was 2.7%. The company made a loss before tax.
How solid is KERNEL AS?
The equity ratio was 93.0% in 2023 (median 35.4%). Debt-to-equity was 0.07 (median 1.64).
What is the liquidity of KERNEL AS like?
The current ratio was 120.58 in 2023 (median 1.31).
How does KERNEL AS compare in Informasjon og kommunikasjon?
KERNEL AS ranks 566 of 1,801 in Informasjon og kommunikasjon for 2023. Among companies in the Morning class Small it is number 109 of 367.
Group accounts · 2025
55 of 100
Rank 4 of 11 groups in the Morning class Large in Informasjon og kommunikasjon. Groups are ranked only against other groups in the same sector and class, never against single companies.
- Operating revenue, group
- 981 MNOK
- Operating profit, group
- 35 MNOK
- Profit before tax, group
- 35 MNOK
- Total assets, group
- 1,525 MNOK
- Equity, group
- 769 MNOK
| Key figure | The group | The company alone (2023) |
|---|---|---|
| Operating margin | 3.6% | – |
| Return on assets | 2.8% | – |
| Equity ratio | 50.4% | – |
| Current ratio | 1.31 | – |
| Revenue growth | 14.7% | – |
Group index in earlier years: 2023: 51 (17 of 33), 2024: 36 (8 of 10).
Same formulas and weights as the company index. Group and company are never added together, and the group accounts are not part of sector averages or company rankings.
Source: Brønnøysund Register Centre, group accounts 2025 (open data, NLOD 2.0).
We do not show the group structure, because open data does not say who owns whom.
From the Central Coordinating Register
- Org. no.
- 818297432
- Legal form
- AS
- Sector
- Informasjon og kommunikasjon (62.200)
- Morning company class
- Small
- Employees
- 11 registered 10 July 2026
- Founded
- 15 December 2016 9 years in operation
- Share capital
- 3.91 MNOK
- Business address
- c/o DIPS AS, Jernbaneveien 85, 8006 BODØ
- Municipality
- Bodø rank 4–9 of 10 in KOSTRA group 11
- Latest accounts filed
- 2025
- LEI
- 549300TIS4X45924UI24 renews 18 January 2027
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
- Thomas Smedsrud
- Chair of the board
- Arve Ree
- Board member
- Kolbjørn Haarr
- Board member
- Liv Elise Saue Tøftum
- Board member
- Øystein Sikora Ingstad
- Board member
- Kari-Jussie Lønning
- Auditor
- CEDRA NORGE AS
- Accountant
- AZETS INSIGHT AS
Source: Central Coordinating Register, fetched 1 November 2026. Only names are shown.
- Parent company
- AWC AS (Norway)
- Ultimate parent
- AWILHELMSEN HOLDING AS (Norway)
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 30 October 2026. The parent is the one the company itself reported to GLEIF.
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 30 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 60 | 50 | 57 | |
| Rank | 566 | 946 | 596 | |
| Operating margin | −22.0% | −16.9% | −5.1% | |
| Return on assets | 2.7% | 0.7% | 1.2% | |
| Equity ratio | 93.0% | 91.1% | 64.8% | |
| Current ratio | 120.58 | 0.82 | 1.78 | |
| Revenue growth | – | 14.9% | 51.8% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 18.3 MNOK | 21.0 MNOK | 31.9 MNOK |
| Operating profit | −4.0 MNOK | −3.5 MNOK | −1.6 MNOK |
| Profit before tax | −48.1 MNOK | 8.6 MNOK | 3.4 MNOK |
| Net profit | −51.8 MNOK | 8.1 MNOK | 5.1 MNOK |
| Financial expenses | 88.4 MNOK | 1.7 MNOK | 20.6 MNOK |
| Total assets | 1,501.2 MNOK | 1,541.1 MNOK | 2,054.1 MNOK |
| Current assets | 475.9 MNOK | 109.6 MNOK | 115.2 MNOK |
| Equity | 1,396.5 MNOK | 1,404.6 MNOK | 1,331.7 MNOK |
| Retained earnings | 30.3 MNOK | 38.4 MNOK | −34.4 MNOK |
| Total liabilities | 104.7 MNOK | 136.5 MNOK | 722.4 MNOK |
| Current liabilities | 3.9 MNOK | 132.9 MNOK | 64.9 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 30 October 2026, accounts id 5327603.
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