Spir Group AS
Score · fiscal year 2025
53of 100
How to read this: the company is ahead of 57 % of companies in the Morning class Small in the same sector in 2025. What does this mean?
Rank in the Morning class Small: 179 of 413 · What are Morning company classes?
Place in the whole sector: 851 of 2,025 · Informasjon og kommunikasjon
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 48 and solidity 95 out of 100 among companies in the Morning class Small in the same sector in 2025. Methodology
Against the sector
Spir Group AS is 3 points above the median for companies in the Morning class Small in the same sector in 2025.
Median score 50 among 413 companies.
Against companies in the Morning class Small in the same sector in 2025: operating margin −89.3% (median 5.2%) and equity ratio 80.2% (median 32.7%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 38 MNOK | 21 MNOK |
| Operating margin | −89.3% | 5.2% |
| Profit margin | 2,237.5% | 5.1% |
| Return on assets | 46.6% | 9.8% |
| Equity ratio | 80.2% | 32.7% |
| Debt-to-equity | 0.25 | 1.69 |
| Current ratio | 0.58 | 1.26 |
| Revenue growth | 2.9% | 8.2% |
| Revenue per employee | 2.73 MNOK | 1.92 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 53, Spir Group AS does better than 57% of companies in the Morning class Small in the same sector (413 companies) in 2025.
Score 2023–2025
- Spir Group AS
- Median: companies in the Morning class Small in the same sector
Spir Group AS has a score of 53 for 2025, rank 851 of 2,025 in the sector.
Strongest: Solidity: percentile 95 against peers, equity ratio 80.2% against a median of 32.7%.
Weakest: Liquidity: percentile 13 against peers, current ratio 0.58 against a median of 1.26. Growth: percentile 37 against peers, revenue growth 2.9% against a median of 8.2%.
Worth a closer look
- Consider strengthening liquidity: current liabilities are 1.7 times current assets. Based on: current ratio 0.58 (median 1.26).
- The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors? Based on: operating margin −89.3% (median 5.2%).
- What lies behind weak growth, 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
Spir Group AS had an operating margin of −89.3% and an equity ratio of 80.2% in 2025, and ranks 851 of 2,025 in Informasjon og kommunikasjon.
From 2024 to 2025: the operating margin fell from −59.8% to −89.3% and went from a loss to a profit before tax.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 1,553 MNOK and 8,550 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 8,550 MNOK |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 1,553 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
Consider strengthening liquidity: current liabilities are 1.7 times current assets.
Based on: Current ratio 0.58 (median 1.26).
- 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 −89.3% (median 5.2%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 12.8% 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.
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
What the score is made of
| Profitability | 48 | weight 30% |
|---|---|---|
| Solidity | 95 | weight 25% |
| Liquidity | 13 | weight 15% |
| Growth | 37 | weight 15% |
| Consistency | 50 | weight 15% |
Durability: 43 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Spir Group AS?
The operating margin was −89.3% in 2025, against a median of 5.2% among companies in the Morning class Small in the same sector. Return on assets was 46.6%.
How solid is Spir Group AS?
The equity ratio was 80.2% in 2025 (median 32.7%). Debt-to-equity was 0.25 (median 1.69).
What is the liquidity of Spir Group AS like?
The current ratio was 0.58 in 2025 (median 1.26). Current assets did not cover current liabilities.
How does Spir Group AS compare in Informasjon og kommunikasjon?
Spir Group AS ranks 851 of 2,025 in Informasjon og kommunikasjon for 2025. Among companies in the Morning class Small it is number 179 of 413. Revenue changed by 2.9% from the year before.
Group accounts · 2025
54 of 100
Rank 6 of 12 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
- 955 MNOK
- Operating profit, group
- 4 MNOK
- Profit before tax, group
- −3 MNOK
- Total assets, group
- 2,356 MNOK
- Equity, group
- 1,766 MNOK
| Key figure | The group | The company alone (2025) |
|---|---|---|
| Operating margin | 0.5% | −89.3% |
| Return on assets | 1.5% | 46.6% |
| Equity ratio | 74.9% | 80.2% |
| Current ratio | 1.07 | 0.58 |
| Revenue growth | −15.3% | 2.9% |
Group index in earlier years: 2023: 45 (26 of 41), 2024: 43 (8 of 12).
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.
- 823843542
- Legal form
- AS
- Sector
- Informasjon og kommunikasjon (63.910)
- Morning company class
- Small
- Employees
- 14 registered 10 September 2026
- Founded
- 28 October 2019 7 years in operation
- Share capital
- 2.66 MNOK
- Business address
- Dronning Mauds gate 10, 0250 OSLO
- Municipality
- Oslo rank 63–220 of 357 in Norway
- Latest accounts filed
- 2025
- Website
- www.spirgroup.com
- LEI
- 549300VZZ36ASJJOMO23 not renewed (lapsed)
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 1 November 2026. Only names are shown.
- Parent company
- No known owner
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 | 31 | 44 | 53 | |
| Rank | 1,577 | 1,319 | 851 | |
| Operating margin | −99.7% | −59.8% | −89.3% | |
| Return on assets | 1.8% | 3.2% | 46.6% | |
| Equity ratio | 49.7% | 52.3% | 80.2% | |
| Current ratio | 0.40 | 0.42 | 0.58 | |
| Revenue growth | – | 52.5% | 2.9% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 24.3 MNOK | 37.1 MNOK | 38.2 MNOK |
| Operating profit | −24.2 MNOK | −22.2 MNOK | −34.1 MNOK |
| Profit before tax | −38.4 MNOK | −10.8 MNOK | 854.2 MNOK |
| Net profit | −38.2 MNOK | −15.6 MNOK | 855.0 MNOK |
| Financial expenses | 74.6 MNOK | 73.3 MNOK | 49.0 MNOK |
| Total assets | 2,017.9 MNOK | 1,944.7 MNOK | 1,936.5 MNOK |
| Current assets | 140.7 MNOK | 107.1 MNOK | 141.2 MNOK |
| Equity | 1,003.2 MNOK | 1,017.1 MNOK | 1,552.6 MNOK |
| Retained earnings | −16.2 MNOK | −29.2 MNOK | 503.8 MNOK |
| Total liabilities | 1,014.6 MNOK | 927.6 MNOK | 383.9 MNOK |
| Current liabilities | 351.9 MNOK | 252.2 MNOK | 244.1 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 30 October 2026, accounts id 7227402.
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