ICE RETAIL AS
Score · fiscal year 2025
32of 100
How to read this: the company is ahead of 14 % of medium-sized companies in the same sector in 2025. What does this mean?
Rank: 23,500 of 30,442 · Handel
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 3 and solidity 27 out of 100 among medium-sized companies in the same sector in 2025. Methodology
Against the sector
ICE RETAIL AS is 18 points below the median for medium-sized companies in the same sector in 2025.
Median score 50 among 1,664 companies.
Against medium-sized companies in the same sector in 2025: operating margin −10.4% (median 3.1%) and equity ratio 20.2% (median 32.6%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 147 MNOK | 176 MNOK |
| Operating margin | −10.4% | 3.1% |
| Profit margin | −11.9% | 3.1% |
| Return on assets | −12.4% | 11.3% |
| Equity ratio | 20.2% | 32.6% |
| Debt-to-equity | 3.95 | 2.02 |
| Current ratio | 1.69 | 1.38 |
| Revenue growth | 46.7% | 6.7% |
| Revenue per employee | 1.96 MNOK | 6.44 MNOK |
The median and “ahead of” refer to medium-sized companies in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 32, ICE RETAIL AS does better than 14% of medium-sized companies in the same sector (1,668 companies) in 2025.
Score 2023–2025
- ICE RETAIL AS
- Median: medium-sized companies in the same sector
ICE RETAIL AS has a score of 32 for 2025, rank 23,500 of 30,442 in the sector.
Strongest: Growth: percentile 91 against peers, revenue growth 46.7% against a median of 6.7%. Liquidity: percentile 67 against peers, current ratio 1.69 against a median of 1.38.
Weakest: Profitability: percentile 3 against peers, operating margin −10.4% against a median of 3.1%. Consistency: percentile 6 against peers.
Worth a closer look
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin −11.9% (median 3.1%).
- The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors? Based on: operating margin −10.4% (median 3.1%).
- What lies behind weak profitability, and will it last?
- What lies behind weak consistency, 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
ICE RETAIL AS had an operating margin of −10.4% and an equity ratio of 20.2% in 2025, and ranks 23,500 of 30,442 in Handel.
From 2024 to 2025: revenue grew by 47% and the operating margin fell from −3.4% to −10.4%.
This text is generated automatically from the 2025 accounts.
Three simple methods
One method gives a figure: 24 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 24 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 company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −11.9% (median 3.1%).
- 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 −10.4% (median 3.1%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Data quality
No anomalies found in the figures.
Scenario analysis: the sector's weakest year
We have no accounts for 2017, the sector's weakest year, for this company.
The sector's weakest year was 2017, with a median operating margin of −134.9%. Based on the 10 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 3 | weight 30% |
|---|---|---|
| Solidity | 27 | weight 25% |
| Liquidity | 67 | weight 15% |
| Growth | 91 | weight 15% |
| Consistency | 6 | weight 15% |
Durability: 32 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is ICE RETAIL AS?
The operating margin was −10.4% in 2025, against a median of 3.1% among medium-sized companies in the same sector. Return on assets was −12.4%. The company made a loss before tax.
How solid is ICE RETAIL AS?
The equity ratio was 20.2% in 2025 (median 32.6%). Debt-to-equity was 3.95 (median 2.02).
What is the liquidity of ICE RETAIL AS like?
The current ratio was 1.69 in 2025 (median 1.38).
How does ICE RETAIL AS compare in Handel?
ICE RETAIL AS ranks 23,500 of 30,442 in Handel for 2025. Among companies of the same size (medium-sized companies) it ranks 1,427 of 1,668. Revenue changed by 46.7% from the year before.
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.
- 923268669
- Legal form
- AS · part of a group
- Sector
- Handel (47.400)
- Size tier
- medium
- Employees
- 75 registered 10 August 2026
- Founded
- 6 August 2019 7 years in operation
- Share capital
- 0.36 MNOK
- Business address
- Nydalsveien 18B, 0484 OSLO
- Municipality
- Oslo rank 106–282 of 357 in Norway
- 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
- Chief executive
- June Kristin Gaupset
- Chair of the board
- Shiraz Naveed Abid
- Board member
- Richard Pettersen
- Board member
- Silje Ruderaas Bore
- Board member
- Jannicken Lampe Dividal
- Board member
- Mehran Raisi Esfahani
- Auditor
- DELOITTE AS
Source: Central Coordinating Register, fetched 25 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 26 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 31 | 34 | 32 | |
| Rank | 20,240 | 21,792 | 23,500 | |
| Operating margin | −13.5% | −3.4% | −10.4% | |
| Return on assets | −25.4% | −4.2% | −12.4% | |
| Equity ratio | 43.0% | 29.3% | 20.2% | |
| Current ratio | 1.51 | 1.83 | 1.69 | |
| Revenue growth | – | 8.9% | 46.7% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 92.0 MNOK | 100.1 MNOK | 146.9 MNOK |
| Operating profit | −12.4 MNOK | −3.4 MNOK | −15.3 MNOK |
| Profit before tax | −13.1 MNOK | −4.1 MNOK | −17.5 MNOK |
| Net profit | −10.2 MNOK | −3.2 MNOK | −13.6 MNOK |
| Financial expenses | 1.0 MNOK | 0.9 MNOK | 2.7 MNOK |
| Total assets | 47.3 MNOK | 75.9 MNOK | 118.8 MNOK |
| Current assets | 30.7 MNOK | 50.9 MNOK | 81.7 MNOK |
| Equity | 20.3 MNOK | 22.3 MNOK | 24.0 MNOK |
| Retained earnings | −22.2 MNOK | −25.4 MNOK | – |
| Total liabilities | 27.0 MNOK | 53.6 MNOK | 94.8 MNOK |
| Current liabilities | 20.3 MNOK | 27.7 MNOK | 48.5 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 6553253.
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