Sec Norge AS
Score · fiscal year 2025
36of 100
How to read this: the company is ahead of 26 % of companies in the Morning class Large in the same sector in 2025. What does this mean?
Rank in the Morning class Large: 49 of 66 · What are Morning company classes?
Place in the whole sector: 1,604 of 2,178 · Forretningsmessig tjenesteyting
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 26 and solidity 9 out of 100 among companies in the Morning class Large in the same sector in 2025. Methodology
Against the sector
Sec Norge AS is 13 points below the median for companies in the Morning class Large in the same sector in 2025.
Median score 49 among 66 companies.
Against companies in the Morning class Large in the same sector in 2025: operating margin 1.2% (median 3.5%) and equity ratio 4.3% (median 20.3%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 791 MNOK | 904 MNOK |
| Operating margin | 1.2% | 3.5% |
| Profit margin | 1.2% | 3.7% |
| Return on assets | 4.0% | 9.2% |
| Equity ratio | 4.3% | 20.3% |
| Debt-to-equity | 21.99 | 3.93 |
| Current ratio | 1.05 | 1.09 |
| Revenue growth | 71.8% | 5.1% |
| Revenue per employee | 0.90 MNOK | 3.74 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 36, Sec Norge AS does better than 26% of companies in the Morning class Large in the same sector (66 companies) in 2025.
Score 2023–2025
- Sec Norge AS
- Median: companies in the Morning class Large in the same sector
Sec Norge AS has a score of 36 for 2025, rank 1,604 of 2,178 in the sector.
Strongest: Growth: percentile 97 against peers, revenue growth 71.8% against a median of 5.1%.
Weakest: Solidity: percentile 9 against peers, equity ratio 4.3% against a median of 20.3%. Profitability: percentile 26 against peers, operating margin 1.2% against a median of 3.5%.
Worth a closer look
- The equity ratio is very low. Could the company absorb a bad year, and does it need more equity? Based on: equity ratio 4.3% (median 20.3%).
- Strong growth with weak liquidity. Is the growth financed, or does it tie up capital the company does not have? Based on: revenue growth 71.8% (median 5.1%); current ratio 1.05 (median 1.09).
- What lies behind weak solidity, and will it last?
- 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
Sec Norge AS had an operating margin of 1.2% and an equity ratio of 4.3% in 2025, and ranks 1,604 of 2,178 in Forretningsmessig tjenesteyting.
From 2024 to 2025: revenue grew by 72%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 11 MNOK and 213 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 83 MNOK |
| EV/EBIT | 8.0 | 213 MNOK |
| P/B | 1.0 | 11 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 equity ratio is very low. Could the company absorb a bad year, and does it need more equity?
Based on: Equity ratio 4.3% (median 20.3%).
- watch
Strong growth with weak liquidity. Is the growth financed, or does it tie up capital the company does not have?
Based on: Revenue growth 71.8% (median 5.1%); Current ratio 1.05 (median 1.09).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 0.3% 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 −3.2%. Based on the 9 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 26 | weight 30% |
|---|---|---|
| Solidity | 9 | weight 25% |
| Liquidity | 35 | weight 15% |
| Growth | 97 | weight 15% |
| Consistency | 43 | weight 15% |
Durability: 25 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Sec Norge AS?
The operating margin was 1.2% in 2025, against a median of 3.5% among companies in the Morning class Large in the same sector. Return on assets was 4.0%.
How solid is Sec Norge AS?
The equity ratio was 4.3% in 2025 (median 20.3%). Debt-to-equity was 21.99 (median 3.93).
What is the liquidity of Sec Norge AS like?
The current ratio was 1.05 in 2025 (median 1.09).
How does Sec Norge AS compare in Forretningsmessig tjenesteyting?
Sec Norge AS ranks 1,604 of 2,178 in Forretningsmessig tjenesteyting for 2025. Among companies in the Morning class Large it is number 49 of 66. Revenue changed by 71.8% from the year before.
From the Central Coordinating Register
- Org. no.
- 898125882
- Legal form
- AS
- Sector
- Forretningsmessig tjenesteyting (78.200)
- Morning company class
- Large
- Employees
- 876 registered 10 October 2026
- Founded
- 20 February 2012 14 years in operation
- Share capital
- 0.10 MNOK
- Business address
- Kårevikstølen 47, 5412 STORD
- Municipality
- Stord rank 6–23 of 38 in KOSTRA group 7
- 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
Loading roles …
Source: Central Coordinating Register, fetched 31 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 30 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 17 | 23 | 36 | |
| Rank | 1,901 | 1,923 | 1,604 | |
| Operating margin | −0.7% | −0.1% | 1.2% | |
| Return on assets | −2.6% | 0.8% | 4.0% | |
| Equity ratio | 2.1% | 2.7% | 4.3% | |
| Current ratio | 1.02 | 1.03 | 1.05 | |
| Revenue growth | – | 1.5% | 71.8% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 453.2 MNOK | 460.1 MNOK | 790.6 MNOK |
| Operating profit | −3.3 MNOK | −0.3 MNOK | 9.3 MNOK |
| Profit before tax | −4.2 MNOK | 0.4 MNOK | 9.6 MNOK |
| Net profit | −4.2 MNOK | 0.4 MNOK | 8.3 MNOK |
| Financial expenses | 1.1 MNOK | 0.5 MNOK | 0.7 MNOK |
| Total assets | 119.8 MNOK | 109.7 MNOK | 258.1 MNOK |
| Current assets | 119.8 MNOK | 109.7 MNOK | 258.1 MNOK |
| Equity | 2.5 MNOK | 2.9 MNOK | 11.2 MNOK |
| Retained earnings | 2.4 MNOK | 2.8 MNOK | 11.1 MNOK |
| Total liabilities | 117.3 MNOK | 106.8 MNOK | 246.9 MNOK |
| Current liabilities | 117.3 MNOK | 106.8 MNOK | 246.9 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 30 October 2026, accounts id 7106723.
Further
Similar companies
- Avarn Security Aviation AS index 38, rank 1,571 · compare
- Vaktmesterkompaniet AS index 37, rank 1,598 · compare
- Nes Fircroft Norge AS index 36, rank 1,622 · compare
- REMA 1000 Norge AS index 35, rank 1,653 · compare
- Ayvens Norge AS index 35, rank 1,659 · compare