FLOAT AS
Score · fiscal year 2023
49of 100
How to read this: the company is ahead of 48 % of companies in the Morning class Micro in the same sector in 2023. What does this mean?
Rank in the Morning class Micro: 5,494 of 10,647 · What are Morning company classes?
Place in the whole sector: 10,952 of 21,201 · Handel
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2023, not a verdict on the company. Based on profitability 76 and solidity 33 out of 100 among companies in the Morning class Micro in the same sector in 2023. Methodology
Against the sector
FLOAT AS is 1 points below the median for companies in the Morning class Micro in the same sector in 2023.
Median score 50 among 10,638 companies.
Against companies in the Morning class Micro in the same sector in 2023: operating margin 11.0% (median 2.6%) and equity ratio 25.1% (median 35.8%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 2 MNOK | 4 MNOK |
| Operating margin | 11.0% | 2.6% |
| Profit margin | 11.0% | 2.1% |
| Return on assets | 16.8% | 5.8% |
| Equity ratio | 25.1% | 35.8% |
| Debt-to-equity | 2.98 | 1.24 |
| Current ratio | 1.18 | 1.79 |
| Revenue growth | – | 6.5% |
| Revenue per employee | 0.50 MNOK | 0.74 MNOK |
The median and “ahead of” refer to companies in the Morning class Micro in the same sector in 2023. The bar shows the share of companies the figure is ahead of.
With an index of 49, FLOAT AS does better than 48% of companies in the Morning class Micro in the same sector (10,647 companies) in 2023.
Score 2023–2025
- FLOAT AS
- Median: companies in the Morning class Micro in the same sector
What the numbers say
FLOAT AS had an operating margin of 11.0% and an equity ratio of 25.1% in 2023, and ranks 10,952 of 21,201 in Handel.
This text is generated automatically from the 2023 accounts.
Three simple methods
The methods give between 0 MNOK and 3 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 2 MNOK |
| EV/EBIT | 8.0 | 3 MNOK |
| P/B | 1.0 | 0 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
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 0.0% of the debt in 2023. The policy rate averaged 3.54 % 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 2022, the sector's weakest year, for this company.
The sector's weakest year was 2022, with a median operating margin of 1.5%. Based on the 11 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 76 | weight 30% |
|---|---|---|
| Solidity | 33 | weight 25% |
| Liquidity | 28 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 41 | weight 15% |
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is FLOAT AS?
The operating margin was 11.0% in 2023, against a median of 2.6% among companies in the Morning class Micro in the same sector. Return on assets was 16.8%.
How solid is FLOAT AS?
The equity ratio was 25.1% in 2023 (median 35.8%). Debt-to-equity was 2.98 (median 1.24).
What is the liquidity of FLOAT AS like?
The current ratio was 1.18 in 2023 (median 1.79).
How does FLOAT AS compare in Handel?
FLOAT AS ranks 10,952 of 21,201 in Handel for 2023. Among companies in the Morning class Micro it is number 5,494 of 10,647.
From the Central Coordinating Register
- Org. no.
- 931188399
- Legal form
- AS
- Sector
- Handel (46.830)
- Morning company class
- Micro
- Employees
- 5 registered 10 May 2026
- Founded
- 8 March 2023 3 years in operation
- Share capital
- 0.20 MNOK
- Business address
- Skurvebakkane 68, 4331 ÅLGÅRD (GJESDAL)
- Municipality
- Gjesdal rank 3–15 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
- Chief executive
- Kim Andre Salte Vagle
- Chair of the board
- Sveinar Skårland
- Board member
- Joakim Neresen
- Auditor
- EI REVISJON OG RÅDGIVNING AS
- Accountant
- AIDER AS
Source: Central Coordinating Register, fetched 29 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 27 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 49 | 66 | 58 | |
| Rank | 10,952 | 4,582 | 8,180 | |
| Operating margin | 11.0% | 10.8% | 3.2% | |
| Return on assets | 16.8% | 34.8% | 11.9% | |
| Equity ratio | 25.1% | 34.5% | 40.9% | |
| Current ratio | 1.18 | 1.36 | 1.56 | |
| Revenue growth | – | 162.5% | 13.9% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 2.5 MNOK | 6.5 MNOK | 7.4 MNOK |
| Operating profit | 0.3 MNOK | 0.7 MNOK | 0.2 MNOK |
| Profit before tax | 0.3 MNOK | 0.7 MNOK | 0.2 MNOK |
| Net profit | 0.2 MNOK | 0.5 MNOK | 0.1 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Total assets | 1.6 MNOK | 2.0 MNOK | 2.0 MNOK |
| Current assets | 1.4 MNOK | 1.8 MNOK | 1.9 MNOK |
| Equity | 0.4 MNOK | 0.7 MNOK | 0.8 MNOK |
| Retained earnings | 0.2 MNOK | 0.5 MNOK | 0.6 MNOK |
| Total liabilities | 1.2 MNOK | 1.3 MNOK | 1.2 MNOK |
| Current liabilities | 1.2 MNOK | 1.3 MNOK | 1.2 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 27 October 2026, accounts id 4569417.
Further
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