Afry Norway Advisory AS
Score · fiscal year 2025
65of 100
How to read this: the company is ahead of 81 % of companies in the Morning class Large in the same sector in 2025. What does this mean?
Rank in the Morning class Large: 13 of 65 · What are Morning company classes?
Place in the whole sector: 848 of 3,920 · Teknisk tjenesteyting og forskning
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 79 and solidity 50 out of 100 among companies in the Morning class Large in the same sector in 2025. Methodology
Against the sector
Afry Norway Advisory AS is 13 points above the median for companies in the Morning class Large in the same sector in 2025.
Median score 52 among 65 companies.
Against companies in the Morning class Large in the same sector in 2025: operating margin 7.4% (median 3.3%) and equity ratio 25.2% (median 25.2%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 1,466 MNOK | 924 MNOK |
| Operating margin | 7.4% | 3.3% |
| Profit margin | 8.2% | 3.7% |
| Return on assets | 21.8% | 8.5% |
| Equity ratio | 25.2% | 25.2% |
| Debt-to-equity | 2.97 | 2.93 |
| Current ratio | 1.32 | 1.13 |
| Revenue growth | 4.5% | 4.3% |
| Revenue per employee | 3.42 MNOK | 6.66 MNOK |
The median and “ahead of” refer to companies in the Morning class Large in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 65, Afry Norway Advisory AS does better than 81% of companies in the Morning class Large in the same sector (65 companies) in 2025.
Score 2023–2025
- Afry Norway Advisory AS
- Median: companies in the Morning class Large in the same sector
Afry Norway Advisory AS has a score of 65 for 2025, rank 848 of 3,920 in the sector.
Strongest: Profitability: percentile 79 against peers, operating margin 7.4% against a median of 3.3%. Liquidity: percentile 75 against peers, current ratio 1.32 against a median of 1.13.
No area is clearly below its peers.
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
Afry Norway Advisory AS had an operating margin of 7.4% and an equity ratio of 25.2% in 2025, and ranks 848 of 3,920 in Teknisk tjenesteyting og forskning.
From 2024 to 2025: the operating margin fell from 9.4% to 7.4%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 272 MNOK and 1,071 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 18.6 | 1,027 MNOK |
| EV/EBIT | 15.9 | 1,071 MNOK |
| P/B | 3.2 | 272 MNOK |
The listed basis is the value at listed multiples. The estimate is lowered by 39% for an unlisted company: 20% for lack of marketability and 24% for size (a small-company premium of 2% 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
No rules were triggered for this year.
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 0.1% 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 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
What the score is made of
| Profitability | 79 | weight 30% |
|---|---|---|
| Solidity | 50 | weight 25% |
| Liquidity | 75 | weight 15% |
| Growth | 52 | weight 15% |
| Consistency | 64 | weight 15% |
Durability: 65 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Afry Norway Advisory AS?
The operating margin was 7.4% in 2025, against a median of 3.3% among companies in the Morning class Large in the same sector. Return on assets was 21.8%.
How solid is Afry Norway Advisory AS?
The equity ratio was 25.2% in 2025 (median 25.2%). Debt-to-equity was 2.97 (median 2.93).
What is the liquidity of Afry Norway Advisory AS like?
The current ratio was 1.32 in 2025 (median 1.13).
How does Afry Norway Advisory AS compare in Teknisk tjenesteyting og forskning?
Afry Norway Advisory AS ranks 848 of 3,920 in Teknisk tjenesteyting og forskning for 2025. Among companies in the Morning class Large it is number 13 of 65. Revenue changed by 4.5% from the year before.
Public contracts
- Contracts awarded since 2024
- 57
- in 54 notices (lots counted separately)
- Total awarded value since 2024
- 24.4 MNOK
- 17 contracts without a stated value are not in the total.
- Framework agreements
- 37
- Left out of the total: the value is a ceiling, not actual spend.
Based on notices in Doffin. Does not show call-offs under framework agreements or purchases below the publication threshold. Values are as stated by the buyer.
Source: Doffin (DFØ), fetched 28 October 2026. Winners are matched on organisation number.
Contains data under the Norwegian licence for public data (NLOD 2.0) made available by Doffin/the Norwegian Agency for Public and Financial Management (DFØ). NLOD 2.0
From the Central Coordinating Register
- Org. no.
- 883889762
- Legal form
- AS
- Sector
- Teknisk tjenesteyting og forskning (71.121)
- Morning company class
- Large
- Employees
- 429 registered 10 September 2026
- Founded
- 18 September 2001 25 years in operation
- Share capital
- 2.64 MNOK
- Business address
- Lilleakerveien 8, 0283 OSLO
- Municipality
- Oslo rank 63–220 of 357 in Norway
- Latest accounts filed
- 2025
- Website
- www.advansia.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 31 October 2026. Only names are shown.
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: Afry Group Norway AS (100%)
Ultimate owner: Afry AB
- Afry Group Norway AS · 100.0%
Change 2007–2025:
100% of the shares changed owner (1 new and 20 departed owners). The majority owner changed.
New owners (companies): Afry Group Norway AS
Departed (companies): Afry Norway Advisory AS, Bjørn Sund Invest AS, Thormod Rogstad Invest 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 | 64 | 66 | 65 | |
| Rank | 1,040 | 758 | 848 | |
| Operating margin | 8.3% | 9.4% | 7.4% | |
| Return on assets | 23.0% | 25.8% | 21.8% | |
| Equity ratio | 22.3% | 23.0% | 25.2% | |
| Current ratio | 1.21 | 1.26 | 1.32 | |
| Revenue growth | – | 27.0% | 4.5% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 1,103.6 MNOK | 1,402.0 MNOK | 1,465.7 MNOK |
| Operating profit | 91.5 MNOK | 131.7 MNOK | 108.4 MNOK |
| Profit before tax | 95.3 MNOK | 140.2 MNOK | 120.7 MNOK |
| Tax expense | 23.3 MNOK | 32.7 MNOK | 28.4 MNOK |
| Net profit | 72.0 MNOK | 107.5 MNOK | 92.3 MNOK |
| Financial expenses | 0.3 MNOK | 0.4 MNOK | 0.2 MNOK |
| Total assets | 416.4 MNOK | 545.0 MNOK | 554.8 MNOK |
| Current assets | 392.2 MNOK | 527.9 MNOK | 546.1 MNOK |
| Equity | 93.0 MNOK | 125.3 MNOK | 139.6 MNOK |
| Retained earnings | 59.7 MNOK | 54.3 MNOK | 68.6 MNOK |
| Total liabilities | 323.4 MNOK | 419.6 MNOK | 415.2 MNOK |
| Current liabilities | 323.4 MNOK | 419.6 MNOK | 415.2 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 30 October 2026, accounts id 6963670.
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