Flowcase AS
Score · fiscal year 2024
8of 100
How to read this: the company is ahead of 0 % of companies in the Morning class Medium in the same sector in 2024. What does this mean?
Rank in the Morning class Medium: 698 of 701 · What are Morning company classes?
Place in the whole sector: 3,066 of 3,097 · Informasjon og kommunikasjon
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 1 and solidity 0 out of 100 among companies in the Morning class Medium in the same sector in 2024. Methodology
Against the sector
Flowcase AS is 43 points below the median for companies in the Morning class Medium in the same sector in 2024.
Median score 51 among 701 companies.
Against companies in the Morning class Medium in the same sector in 2024: operating margin −60.3% (median 6.0%) and equity ratio −16.9% (median 29.2%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 56 MNOK | 105 MNOK |
| Operating margin | −60.3% | 6.0% |
| Profit margin | −61.4% | 6.8% |
| Return on assets | −118.0% | 11.6% |
| Equity ratio | −16.9% | 29.2% |
| Debt-to-equity | – | 2.30 |
| Current ratio | 1.10 | 1.17 |
| Revenue growth | – | 7.2% |
| Revenue per employee | 3.51 MNOK | 2.83 MNOK |
The median and “ahead of” refer to companies in the Morning class Medium in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
With an index of 8, Flowcase AS does better than 0% of companies in the Morning class Medium in the same sector (701 companies) in 2024.
Score 2024–2025
- Flowcase AS
- Median: companies in the Morning class Medium in the same sector
What the numbers say
Flowcase AS had an operating margin of −60.3% and an equity ratio of −16.9% in 2024, and ranks 3,066 of 3,097 in Informasjon og kommunikasjon.
This text is generated automatically from the 2024 accounts.
Three simple methods
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 17.7 | not meaningful |
| EV/EBIT | 14.3 | not meaningful |
| P/B | 2.6 | not meaningful |
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
Equity is negative. How will it be rebuilt, and what do lenders and the auditor say about going concern?
Based on: Equity ratio −16.9% (median 29.2%).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −61.4% (median 6.8%).
- 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 −60.3% (median 6.0%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 3.1% of the debt in 2024. The policy rate averaged 4.50 % 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
- critical Negative equity
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 | 1 | weight 30% |
|---|---|---|
| Solidity | 0 | weight 25% |
| Liquidity | 42 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 1 | weight 15% |
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is Flowcase AS?
The operating margin was −60.3% in 2024, against a median of 6.0% among companies in the Morning class Medium in the same sector. Return on assets was −118.0%. The company made a loss before tax.
How solid is Flowcase AS?
The equity ratio was −16.9% in 2024 (median 29.2%). Equity is negative, so liabilities exceed assets.
What is the liquidity of Flowcase AS like?
The current ratio was 1.10 in 2024 (median 1.17).
How does Flowcase AS compare in Informasjon og kommunikasjon?
Flowcase AS ranks 3,066 of 3,097 in Informasjon og kommunikasjon for 2024. Among companies in the Morning class Medium it is number 698 of 701.
From the Central Coordinating Register
- Org. no.
- 932614286
- Legal form
- AS
- Sector
- Informasjon og kommunikasjon (62.100)
- Morning company class
- Medium
- Employees
- 16 registered 10 October 2026
- Founded
- 21 November 2023 2 years in operation
- Share capital
- 1.02 MNOK
- Business address
- Nedre Slottsgate 3B, 0157 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
Loading roles …
Source: Central Coordinating Register, fetched 1 November 2026. Only names are shown.
Shareholders (2025)
- Number of shareholders
- 9
- Largest owner
- 22.4% · top three 38.7%
- Split
- companies 50% · private persons 0% · foreign 0%
- Linde Invest AS · 44.9%
- Foxhold 2 AS · 18.0%
- Gambit Invest AS · 14.6%
- Idekapital Fund 2 AS · 14.0%
- CV Partner Management Invest AS · 5.4%
- MP PENSJON PK · 1.7%
- Ineo AS · 1.1%
- Biliv AS · 0.2%
- Christian Rokseth Holding AS · 0.2%
The company is new in the shareholder register in 2025.
The owners' shares do not add up to the company's total number of shares in the source.
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 · 2024–2025
| Key figure | 2024 | 2025 | Trend |
|---|---|---|---|
| Index | 8 | 21 | |
| Rank | 3,066 | 2,931 | |
| Operating margin | −60.3% | −14.3% | |
| Return on assets | −118.0% | −28.3% | |
| Equity ratio | −16.9% | −15.4% | |
| Current ratio | 1.10 | 1.01 | |
| Revenue growth | – | 16.5% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2024 | 2025 |
|---|---|---|
| Operating revenue | 56.2 MNOK | 65.5 MNOK |
| Operating profit | −33.9 MNOK | −9.4 MNOK |
| Profit before tax | −34.5 MNOK | −10.2 MNOK |
| Tax expense | 2.4 MNOK | 0.0 MNOK |
| Net profit | −36.9 MNOK | −10.2 MNOK |
| Financial expenses | 1.0 MNOK | 1.9 MNOK |
| Total assets | 28.4 MNOK | 29.6 MNOK |
| Current assets | 25.5 MNOK | 24.3 MNOK |
| Equity | −4.8 MNOK | −4.6 MNOK |
| Retained earnings | −36.9 MNOK | −5.6 MNOK |
| Total liabilities | 33.2 MNOK | 34.1 MNOK |
| Current liabilities | 23.2 MNOK | 24.1 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 5 November 2026, accounts id 6325797.
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