Proxima Code AS
Score · fiscal year 2025
70of 100
How to read this: the company is ahead of 89 % of companies in the Morning class Medium in the same sector in 2025. What does this mean?
Rank in the Morning class Medium: 79 of 737 · What are Morning company classes?
Place in the whole sector: 404 of 3,294 · Informasjon og kommunikasjon
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 100 and solidity 71 out of 100 among companies in the Morning class Medium in the same sector in 2025. Methodology
Against the sector
Proxima Code AS is 20 points above the median for companies in the Morning class Medium in the same sector in 2025.
Median score 50 among 737 companies.
Against companies in the Morning class Medium in the same sector in 2025: operating margin 73.6% (median 6.0%) and equity ratio 45.9% (median 30.0%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 63 MNOK | 108 MNOK |
| Operating margin | 73.6% | 6.0% |
| Profit margin | 72.4% | 6.7% |
| Return on assets | 91.2% | 11.8% |
| Equity ratio | 45.9% | 30.0% |
| Debt-to-equity | 1.18 | 2.27 |
| Current ratio | 0.04 | 1.16 |
| Revenue growth | 455.1% | 7.5% |
| Revenue per employee | 6.33 MNOK | 2.99 MNOK |
The median and “ahead of” refer to companies in the Morning class Medium in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 70, Proxima Code AS does better than 89% of companies in the Morning class Medium in the same sector (737 companies) in 2025.
Score 2023–2025
- Proxima Code AS
- Median: companies in the Morning class Medium in the same sector
Proxima Code AS has a score of 70 for 2025, rank 404 of 3,294 in the sector.
Strongest: Profitability: percentile 100 against peers, operating margin 73.6% against a median of 6.0%. Growth: percentile 99 against peers, revenue growth 455.1% against a median of 7.5%.
Weakest: Liquidity: percentile 0 against peers, current ratio 0.04 against a median of 1.16.
Worth a closer look
- Consider strengthening liquidity: current liabilities are 25.6 times current assets. Based on: current ratio 0.04 (median 1.16).
- Strong growth with weak liquidity. Is the growth financed, or does it tie up capital the company does not have? Based on: revenue growth 455.1% (median 7.5%); current ratio 0.04 (median 1.16).
- The change in operating margin in 2025 was 116.5 percentage points better than for comparable companies: the company +118.1, the industry +1.6 points. That is the company's own, not something that hit the whole industry.
Written by fixed rules from the figures. Describes the figures, does not explain causes. Not investment or financial advice. How the summary is made
The industry or the company: what drove the result?
In 2025 the operating margin of Proxima Code AS rose by 118.1 percentage points. Comparable companies rose by a median 1.6 points. So the company did 116.5 points better than the industry, for reasons of its own.
Over 2 year-to-year changes Proxima Code AS moved the same way as comparable companies 2 times. About 1% of the changes in operating margin were common to the industry; the rest was the company's own.
| Year | The company | Comparable (median) | Change, company | Change, industry | The company's own |
|---|---|---|---|---|---|
| 2024 | −44.5% | 4.5% | +101.3 percentage points | +1.0 percentage points | +100.3 percentage points |
| 2025 | 73.6% | 6.0% | +118.1 percentage points | +1.6 percentage points | +116.5 percentage points |
Comparable companies are those in the same industry and Morning company class. Their change shows what hit the whole industry, the sector drivers below included. The rest is the company's own: contracts, costs, one-off items or operations. The share is approximate, and we claim no cause.
The company and its sector's drivers
Prices, rate and currency that shape the sector's year, year by year beside the operating margin of Proxima Code AS. The figures stand side by side; we claim no cause.
Service prices: information and communication (indeks (2021 = 100))
Service prices: information and communication rose 4.0% in 2025; the operating margin of Proxima Code AS rose 118.1 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Service prices: information and communication, annual average | 100.0 | 103.3 | 108.7 | 112.2 | 116.7 | 120.0 (so far) |
| Change from the year before | – | +3.2% | +5.3% | +3.2% | +4.0% | +2.8% |
| The company's operating margin | – | – | −145.8% | −44.5% | 73.6% | – |
Source: SSB (14335, CC BY 4.0). Source
Turnover index: information and communication (indeks (2021 = 100))
Turnover index: information and communication rose 4.6% in 2025; the operating margin of Proxima Code AS rose 118.1 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Turnover index: information and communication, annual average | 99.6 | 111.4 | 126.4 | 128.3 | 134.2 | 141.3 (so far) |
| Change from the year before | +14.7% | +11.8% | +13.5% | +1.5% | +4.6% | +5.3% |
| The company's operating margin | – | – | −145.8% | −44.5% | 73.6% | – |
Source: SSB (13863, CC BY 4.0). Source
USD/NOK (kr)
USD/NOK fell 3.3% in 2025; the operating margin of Proxima Code AS rose 118.1 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| USD/NOK, annual average | 8.59 | 9.61 | 10.56 | 10.75 | 10.39 | 9.54 (so far) |
| Change from the year before | −8.8% | +11.9% | +9.9% | +1.7% | −3.3% | −8.2% |
| The company's operating margin | – | – | −145.8% | −44.5% | 73.6% | – |
Source: Norges Bank (EXR, NLOD 2.0). Source
Policy rate (prosent)
Policy rate fell 0.20 percentage points in 2025; the operating margin of Proxima Code AS rose 118.1 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Policy rate, annual average | 0.08 | 1.32 | 3.54 | 4.50 | 4.30 | 4.17 (so far) |
| Change from the year before | −0.28 percentage points | +1.24 percentage points | +2.22 percentage points | +0.96 percentage points | −0.20 percentage points | −0.12 percentage points |
| The company's operating margin | – | – | −145.8% | −44.5% | 73.6% | – |
Source: Norges Bank (IR, NLOD 2.0). Source
Consumer price index (indeks (2025 = 100))
Consumer price index rose 3.0% in 2025; the operating margin of Proxima Code AS rose 118.1 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Consumer price index, annual average | 84.3 | 89.2 | 94.1 | 97.0 | 100.0 | 102.9 (so far) |
| Change from the year before | +3.5% | +5.8% | +5.5% | +3.2% | +3.0% | +2.9% |
| The company's operating margin | – | – | −145.8% | −44.5% | 73.6% | – |
Source: SSB (14710, CC BY 4.0). Source
Wage index: IT services (indeks)
Wage index: IT services rose 4.4% in 2025; the operating margin of Proxima Code AS rose 118.1 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Wage index: IT services, annual average | 84.9 | 87.8 | 92.3 | 97.3 | 101.5 | 105.4 (so far) |
| Change from the year before | +4.9% | +3.5% | +5.1% | +5.4% | +4.4% | +3.8% |
| The company's operating margin | – | – | −145.8% | −44.5% | 73.6% | – |
Source: SSB (12314, CC BY 4.0). Source
We show the drivers and the margin side by side and claim no cause. Sensitivity per company is not computed until we have at least 10 years of accounts per company: with three years such figures are false precision.
What the numbers say
Proxima Code AS had an operating margin of 73.6% and an equity ratio of 45.9% in 2025, and ranks 404 of 3,294 in Informasjon og kommunikasjon.
From 2024 to 2025: the operating margin rose from −44.5% to 73.6% and the equity ratio rose from −245.4% to 45.9%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 33 MNOK and 86 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 17.7 | 80 MNOK |
| EV/EBIT | 14.3 | 86 MNOK |
| P/B | 2.6 | 33 MNOK |
The listed basis is the value at listed multiples. The estimate is lowered by 46% for an unlisted company: 20% for lack of marketability and 32% for size (a small-company premium of 3% 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 25.6 times current assets.
Based on: Current ratio 0.04 (median 1.16).
- 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 455.1% (median 7.5%); Current ratio 0.04 (median 1.16).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 2.7% 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 | 100 | weight 30% |
|---|---|---|
| Solidity | 71 | weight 25% |
| Liquidity | 0 | weight 15% |
| Growth | 99 | weight 15% |
| Consistency | 50 | weight 15% |
Durability: 30 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Proxima Code AS?
The operating margin was 73.6% in 2025, against a median of 6.0% among companies in the Morning class Medium in the same sector. Return on assets was 91.2%.
How solid is Proxima Code AS?
The equity ratio was 45.9% in 2025 (median 30.0%). Debt-to-equity was 1.18 (median 2.27).
What is the liquidity of Proxima Code AS like?
The current ratio was 0.04 in 2025 (median 1.16). Current assets did not cover current liabilities.
How does Proxima Code AS compare in Informasjon og kommunikasjon?
Proxima Code AS ranks 404 of 3,294 in Informasjon og kommunikasjon for 2025. Among companies in the Morning class Medium it is number 79 of 737. Revenue changed by 455.1% from the year before.
Group structure · 2025
2 companies in the group according to the shareholder register for 2025. A company counts as a subsidiary when a Norwegian company owns more than half of its shares.
No owner holds more than half of the shares in Proxima Code AS.
Proxima Code AS has not filed group accounts in open data, so the group has no index of its own. Each company has its own accounts.
-
Proxima Code AS you are here
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.
Source: the Norwegian Tax Administration's shareholder register 2025 (majority owner with more than 50 % of the shares). Voting agreements and ownership through other countries are not included.
From the Central Coordinating Register
- Org. no.
- 921071418
- Legal form
- AS
- Sector
- Informasjon og kommunikasjon (62.100)
- Morning company class
- Medium
- Employees
- 10 registered 10 September 2026
- Founded
- 11 June 2018 8 years in operation
- Share capital
- 0.03 MNOK
- Business address
- Hoffsveien 4, 0275 OSLO
- Municipality
- Oslo rank 63–220 of 357 in Norway
- Latest accounts filed
- 2025
- Website
- www.proximacode.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 1 November 2026. Only names are shown.
Shareholders (2025)
- Number of shareholders
- 9
- Largest owner
- 47.4% · top three 92.8%
- Split
- companies 95% · private persons 5% · foreign 0%
- Owned from the same municipality
- 2%
- Owners over 60
- 10% of the shares held by persons (median age 52)
- Friis-Møller Gruppen AS · 47.4%
- Altegruppen AS · 36.1%
- Emca AS · 9.3%
- Vendla Invest AS · 2.3%
- 5 private persons · 4.9%
The company is new in the shareholder register in 2025.
Majority owner of: Proxima Code Norge AS (100%)
Holds shares in: Proxima Code Norge AS (100%)
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 5 November 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 3 | 16 | 70 | |
| Rank | 3,098 | 3,115 | 404 | |
| Operating margin | −145.8% | −44.5% | 73.6% | |
| Return on assets | −123.2% | −89.8% | 91.2% | |
| Equity ratio | −143.4% | −245.4% | 45.9% | |
| Current ratio | 0.15 | 0.02 | 0.04 | |
| Revenue growth | – | 99.7% | 455.1% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 5.7 MNOK | 11.4 MNOK | 63.3 MNOK |
| Operating profit | −8.3 MNOK | −5.1 MNOK | 46.5 MNOK |
| Profit before tax | −8.4 MNOK | −5.4 MNOK | 45.8 MNOK |
| Tax expense | −1.7 MNOK | −1.2 MNOK | 10.1 MNOK |
| Net profit | −6.7 MNOK | −4.2 MNOK | 35.7 MNOK |
| Financial expenses | 0.1 MNOK | 0.3 MNOK | 0.7 MNOK |
| Total assets | 6.7 MNOK | 5.6 MNOK | 51.0 MNOK |
| Current assets | 2.4 MNOK | 0.3 MNOK | 0.9 MNOK |
| Equity | −9.7 MNOK | −13.8 MNOK | 23.4 MNOK |
| Retained earnings | −12.8 MNOK | −17.0 MNOK | 18.8 MNOK |
| Total liabilities | 16.4 MNOK | 19.5 MNOK | 27.6 MNOK |
| Current liabilities | 16.4 MNOK | 19.5 MNOK | 22.7 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 5 November 2026, accounts id 6995916.
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