Evat AS

Org. no. 927695863 · Oslo · Founded 2021 · 347 employees

Score · fiscal year 2025

45of 100

How to read this: the company is ahead of 38 % of companies in the Morning class Medium in the same sector in 2025. What does this mean?

Rank in the Morning class Medium: 171 of 276 · What are Morning company classes?
Place in the whole sector: 1,003 of 1,669 · Forretningsmessig tjenesteyting

Profile

Cheetah · Sprinter

High profitability, lower solidity

Position against comparable companies in 2025, not a verdict on the company. Based on profitability 66 and solidity 26 out of 100 among companies in the Morning class Medium in the same sector in 2025. Methodology

Against the sector

Evat AS is 5 points below the median for companies in the Morning class Medium in the same sector in 2025.

Median score 50 among 276 companies.

Against companies in the Morning class Medium in the same sector in 2025: operating margin 5.1% (median 4.4%) and equity ratio 7.9% (median 19.3%).

Source: Register of Company Accounts and Central Coordinating RegisterFetched 31 October 2026Report an issue
Key figures · 2025

The numbers behind the score

The numbers behind the score · 2025
MeasureCompanyMedianAhead of
Operating revenue194 MNOK124 MNOK
Operating margin 5.1% 4.4% 59 %
Profit margin 3.6% 4.4% shown, not part of the index
Return on assets 19.0% 10.9% 72 %
Equity ratio 7.9% 19.3% 28 %
Debt-to-equity 11.73 3.88 24 %
Current ratio 0.99 1.12 27 %
Revenue growth 25.2% 7.8% 74 %
Revenue per employee0.56 MNOK0.98 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 45, Evat AS does better than 38% of companies in the Morning class Medium in the same sector (276 companies) in 2025.

Over time

Score 2023–2025

CompanyMedian0255075100202320242025
  • Evat AS
  • Median: companies in the Morning class Medium in the same sector
Summary analysis

Evat AS has a score of 45 for 2025, rank 1,003 of 1,669 in the sector.

Strongest: Growth: percentile 74 against peers, revenue growth 25.2% against a median of 7.8%. Profitability: percentile 66 against peers, operating margin 5.1% against a median of 4.4%.

Weakest: Consistency: percentile 25 against peers. Solidity: percentile 26 against peers, equity ratio 7.9% against a median of 19.3%.

Worth a closer look

Written by fixed rules from the figures. Describes the figures, does not explain causes. Not investment or financial advice. How the summary is made

Analysis · 2025

What the numbers say

Evat AS had an operating margin of 5.1% and an equity ratio of 7.9% in 2025, and ranks 1,003 of 1,669 in Forretningsmessig tjenesteyting.

From 2024 to 2025: revenue grew by 25% and the equity ratio fell from 17.3% to 7.9%.

This text is generated automatically from the 2025 accounts.

Estimated value · 2025

Three simple methods

The methods give between 4 MNOK and 106 MNOK.

MethodInputMultipleEstimate
P/E Net profit: 4.6 MNOK 10.0 46 MNOK
EV/EBIT Operating profit: 9.9 MNOK
minus net debt −26.3 MNOK
8.0 106 MNOK
P/B Equity: 4.2 MNOK 1.0 4 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

Indications · 2025

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 7.9% (median 19.3%).

  • watch

    Consider strengthening liquidity: current liabilities are 1.0 times current assets.

    Based on: Current ratio 0.99 (median 1.12).

  • 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 25.2% (median 7.8%); Current ratio 0.99 (median 1.12).

Indications based on the latest annual accounts from open data. Not investment or financial advice.

Financial costs were 6.6% 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.

Stress test · 2026

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 −14.5%. Based on the 9 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology

Components · 2025

What the score is made of

Profitability66 weight 30%
Solidity26 weight 25%
Liquidity27 weight 15%
Growth74 weight 15%
Consistency25 weight 15%

Durability: 38 (average over 3 years)

Index version 2. Data completeness 100%: the share of the weights that had data.

2025

Questions and answers

How profitable is Evat AS?

The operating margin was 5.1% in 2025, against a median of 4.4% among companies in the Morning class Medium in the same sector. Return on assets was 19.0%.

How solid is Evat AS?

The equity ratio was 7.9% in 2025 (median 19.3%). Debt-to-equity was 11.73 (median 3.88).

What is the liquidity of Evat AS like?

The current ratio was 0.99 in 2025 (median 1.12). Current assets did not cover current liabilities.

How does Evat AS compare in Forretningsmessig tjenesteyting?

Evat AS ranks 1,003 of 1,669 in Forretningsmessig tjenesteyting for 2025. Among companies in the Morning class Medium it is number 171 of 276. Revenue changed by 25.2% from the year before.

From the Central Coordinating Register

Org. no.
927695863
Legal form
AS
Sector
Forretningsmessig tjenesteyting (81.210)
Morning company class
Medium
Employees
347 registered 10 September 2026
Founded
22 August 2021 5 years in operation
Share capital
0.17 MNOK
Business address
Madserud allé 34, 0274 OSLO
Municipality
Oslo rank 63–220 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
Edilberto Maldonado
Chair of the board
Thorbjørn Graarud
Board member
Tore Staveland
Board member
Malin Elisabeth Karlsson
Board member
Stian Løken Blom
Board member
Vibeke Lolland Maldonado
Auditor
BDO AS

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.

Report an issue

Figures last fetched 31 October 2026.

Details

Year by year · 2023–2025

Key figure202320242025Trend
Index165245
Rank1,4957471,003
Operating margin−3.9%4.0%5.1%
Return on assets−10.5%19.5%19.0%
Equity ratio10.4%17.3%7.9%
Current ratio0.841.000.99
Revenue growth–50.8%25.2%

Accounts

From the Brønnøysund Register Centre, in the company's reporting currency (NOK).

Key figure202320242025
Operating revenue102.9 MNOK155.3 MNOK194.3 MNOK
Operating profit−4.0 MNOK6.2 MNOK9.9 MNOK
Profit before tax−2.9 MNOK7.0 MNOK6.9 MNOK
Net profit−2.3 MNOK5.5 MNOK4.6 MNOK
Financial expenses0.1 MNOK0.0 MNOK3.2 MNOK
Total assets27.2 MNOK36.3 MNOK53.5 MNOK
Current assets19.8 MNOK29.7 MNOK49.0 MNOK
Equity2.8 MNOK6.3 MNOK4.2 MNOK
Retained earnings−4.4 MNOK0.1 MNOK−2.0 MNOK
Total liabilities24.4 MNOK30.0 MNOK49.3 MNOK
Current liabilities23.6 MNOK29.6 MNOK49.3 MNOK

Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 31 October 2026, accounts id 6786264.