Altinex AS
Score · fiscal year 2025
Not enough data: Revenue not reported
Based on the annual accounts for 2025
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating margin | – | 5.3% |
| Profit margin | – | 5.2% |
| Return on assets | 16.4% | 11.6% |
| Equity ratio | 7.6% | 36.7% |
| Debt-to-equity | 12.21 | 1.46 |
| Current ratio | 0.00 | 1.49 |
| Revenue growth | – | 7.1% |
The median and “ahead of” refer to companies in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
Score over time
Score over time needs at least two fiscal years with a score. It will appear when next year's figures are fetched or history is imported.
What the numbers say
Altinex AS had an equity ratio of 7.6% in 2025. The company is not ranked: revenue not reported.
From 2024 to 2025: the equity ratio fell from 16.1% to 7.6%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 330 MUSD and 3,363 MUSD.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 18.6 | 3,363 MUSD |
| EV/EBIT | 15.9 | not meaningful |
| P/B | 3.2 | 330 MUSD |
The listed basis is the value at listed multiples. The estimate is lowered by 20% for an unlisted company: 20% for lack of marketability and 0% for size (a small-company premium of – on the cost of equity).
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
Consider strengthening liquidity: current liabilities are 389.5 times current assets.
Based on: Current ratio 0.00 (median 1.49).
- watch
The equity ratio is very low. Could the company absorb a bad year, and does it need more equity?
Based on: Equity ratio 7.6% (median 36.7%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 6.5% 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
- watch Revenue not reported
- watch No revenue but large assets
- watch Reports in a currency other than NOK
Scenario analysis: the sector's weakest year
We have no accounts for 2021, the sector's weakest year, for this company.
The sector's weakest year was 2021, with a median operating margin of −0.2%. Based on the 8 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
Questions and answers
How profitable is Altinex AS?
The operating margin was – in 2025, against a median of 5.3% among companies in the same sector. Return on assets was 16.4%.
How solid is Altinex AS?
The equity ratio was 7.6% in 2025 (median 36.7%). Debt-to-equity was 12.21 (median 1.46).
What is the liquidity of Altinex AS like?
The current ratio was 0.00 in 2025 (median 1.49). Current assets did not cover current liabilities.
Group accounts
The company is registered as part of a group, but we have no group accounts for it. Group accounts are filed by the parent company, and open data does not say which company that is.
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.
We do not show the group structure, because open data does not say who owns whom.
From the Central Coordinating Register
- Org. no.
- 845278822
- Legal form
- AS · part of a group
- Sector
- Teknisk tjenesteyting og forskning (71.129)
- Employees
- 0–4 (not registered)
- Founded
- 1 August 1987 39 years in operation
- Share capital
- 215.67 MNOK
- Business address
- Nedre Vollgate 3, 0158 OSLO
- Municipality
- Oslo rank 63–220 of 357 in Norway
- Latest accounts filed
- 2025
- Website
- www.noreco.com
- LEI
- 549300JTGXTPCFKR6Y57 renews 16 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
Loading roles …
Source: Central Coordinating Register, fetched 2 November 2026. Only names are shown.
- Parent company
- Bluenord ASA (Norway)
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 30 October 2026. The parent is the one the company itself reported to GLEIF.
Shareholders (2025)
- Number of shareholders
- 1 (one owner)
- Largest owner
- 100.0%
- Split
- companies 100% · private persons 0% · foreign 0%
- Owned from the same municipality
- 100%
- Group chain
-
Owned by: Bluenord ASA (100%)
Ultimate owner: Bluenord ASA
- Bluenord ASA · 100.0%
Change 2007–2025:
no material change in the owners.
Departed (companies): AS PARACRUISE, Pareto Securities AS, Topas AS
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.
Figures last fetched 30 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | – | – | – | |
| Rank | – | – | – | |
| Operating margin | – | – | – | |
| Return on assets | 6.7% | 33.0% | 16.4% | |
| Equity ratio | 23.6% | 16.1% | 7.6% | |
| Current ratio | 160.60 | 0.00 | 0.00 | |
| Revenue growth | – | – | – |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (USD).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | – | – | – |
| Operating profit | −2.8 MUSD | −0.1 MUSD | −0.1 MUSD |
| Profit before tax | −3.4 MUSD | 503.2 MUSD | 178.2 MUSD |
| Tax expense | – | – | – |
| Net profit | −3.4 MUSD | 503.2 MUSD | 178.2 MUSD |
| Financial expenses | 85.2 MUSD | 92.8 MUSD | 101.4 MUSD |
| Total assets | 1,215.2 MUSD | 1,804.5 MUSD | 1,700.9 MUSD |
| Current assets | 0.8 MUSD | 0.8 MUSD | 0.9 MUSD |
| Equity | 287.3 MUSD | 290.5 MUSD | 128.7 MUSD |
| Retained earnings | −236.4 MUSD | −233.2 MUSD | 103.4 MUSD |
| Total liabilities | 927.9 MUSD | 1,514.0 MUSD | 1,572.2 MUSD |
| Current liabilities | 0.0 MUSD | 500.0 MUSD | 340.0 MUSD |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 30 October 2026, accounts id 6973900.