Goodtech AS
Score · fiscal year 2023
37of 100
How to read this: the company is ahead of 36 % of companies in the Morning class Large in the same sector in 2023. What does this mean?
Rank in the Morning class Large: 28 of 43 · What are Morning company classes?
Place in the whole sector: 1,694 of 2,453 · Teknisk tjenesteyting og forskning
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2023, not a verdict on the company. Based on profitability 61 and solidity 29 out of 100 among companies in the Morning class Large in the same sector in 2023. Methodology
Against the sector
Goodtech AS is 16 points below the median for companies in the Morning class Large in the same sector in 2023.
Median score 53 among 43 companies.
Against companies in the Morning class Large in the same sector in 2023: operating margin 4.2% (median 3.7%) and equity ratio 13.2% (median 22.3%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 741 MNOK | 1,104 MNOK |
| Operating margin | 4.2% | 3.7% |
| Profit margin | 3.9% | 4.5% |
| Return on assets | 13.6% | 9.3% |
| Equity ratio | 13.2% | 22.3% |
| Debt-to-equity | 6.58 | 3.48 |
| Current ratio | 0.99 | 1.06 |
| Revenue growth | – | 873.7% |
| Revenue per employee | 2.36 MNOK | 3.05 MNOK |
The median and “ahead of” refer to companies in the Morning class Large in the same sector in 2023. The bar shows the share of companies the figure is ahead of.
With an index of 37, Goodtech AS does better than 36% of companies in the Morning class Large in the same sector (43 companies) in 2023.
Score 2023–2025
- Goodtech AS
- Median: companies in the Morning class Large in the same sector
What the numbers say
Goodtech AS had an operating margin of 4.2% and an equity ratio of 13.2% in 2023, and ranks 1,694 of 2,453 in Teknisk tjenesteyting og forskning.
This text is generated automatically from the 2023 accounts.
Three simple methods
The methods give between 37 MNOK and 262 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 220 MNOK |
| EV/EBIT | 8.0 | 262 MNOK |
| P/B | 1.0 | 37 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
Consider strengthening liquidity: current liabilities are 1.0 times current assets.
Based on: Current ratio 0.99 (median 1.06).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 4.0% 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 2021, the sector's weakest year, for this company.
The sector's weakest year was 2021, with a median operating margin of −0.2%. 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 | 61 | weight 30% |
|---|---|---|
| Solidity | 29 | weight 25% |
| Liquidity | 21 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 22 | weight 15% |
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is Goodtech AS?
The operating margin was 4.2% in 2023, against a median of 3.7% among companies in the Morning class Large in the same sector. Return on assets was 13.6%.
How solid is Goodtech AS?
The equity ratio was 13.2% in 2023 (median 22.3%). Debt-to-equity was 6.58 (median 3.48).
What is the liquidity of Goodtech AS like?
The current ratio was 0.99 in 2023 (median 1.06). Current assets did not cover current liabilities.
How does Goodtech AS compare in Teknisk tjenesteyting og forskning?
Goodtech AS ranks 1,694 of 2,453 in Teknisk tjenesteyting og forskning for 2023. Among companies in the Morning class Large it is number 28 of 43.
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.
Public contracts
- Contracts awarded since 2024
- 1
- Total awarded value since 2024
- 36.0 MNOK
| Date | Buyer | Notice | Value |
|---|---|---|---|
| 30 June 2026 | Noranett AS | Tildeling 33 og 11kV bryter- og kontrollanlegg Skistua transformatorstasjon | 36.0 MNOK |
| 19 May 2020 | Bane NOR SF | ERTMS CW Tavlebygger NORB | value not stated |
Based on notices in Doffin. Does not show call-offs under framework agreements or purchases below the publication threshold. Values are as stated by the buyer.
Source: Doffin (DFØ), fetched 27 October 2026. Winners are matched on organisation number.
Contains data under the Norwegian licence for public data (NLOD 2.0) made available by Doffin/the Norwegian Agency for Public and Financial Management (DFØ). NLOD 2.0
From the Central Coordinating Register
- Org. no.
- 984892071
- Legal form
- AS · part of a group
- Sector
- Teknisk tjenesteyting og forskning (71.129)
- Morning company class
- Large
- Employees
- 314 registered 10 October 2026
- Founded
- 19 September 2002 24 years in operation
- Share capital
- 1.89 MNOK
- Business address
- Innspurten 15, 0663 OSLO
- Municipality
- Oslo rank 63–220 of 357 in Norway
- Latest accounts filed
- 2025
- LEI
- 6367006ILFVROH4U1Z35 renews 29 April 2027
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
- Margrethe Hauge
- Chair of the board
- Margrethe Hauge
- Board member
- Anders Balling Engelsen
- Auditor
- Pricewaterhousecoopers AS
- Accountant
- Vivicta Accounting AS
Source: Central Coordinating Register, fetched 31 October 2026. Only names are shown.
- Parent company
- Goodtech ASA (Norway)
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 31 October 2026. The parent is the one the company itself reported to GLEIF.
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 31 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 37 | 41 | 48 | |
| Rank | 1,694 | 1,660 | 1,348 | |
| Operating margin | 4.2% | 4.2% | 6.2% | |
| Return on assets | 13.6% | 13.5% | 18.8% | |
| Equity ratio | 13.2% | 14.9% | 16.5% | |
| Current ratio | 0.99 | 1.03 | 1.08 | |
| Revenue growth | – | −1.3% | −0.7% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 740.8 MNOK | 731.5 MNOK | 726.5 MNOK |
| Operating profit | 31.5 MNOK | 30.8 MNOK | 45.0 MNOK |
| Profit before tax | 28.8 MNOK | 38.0 MNOK | 43.8 MNOK |
| Net profit | 22.0 MNOK | 29.8 MNOK | 34.0 MNOK |
| Financial expenses | 9.8 MNOK | 4.0 MNOK | 11.0 MNOK |
| Total assets | 283.9 MNOK | 310.6 MNOK | 291.3 MNOK |
| Current assets | 241.0 MNOK | 272.2 MNOK | 261.3 MNOK |
| Equity | 37.5 MNOK | 46.2 MNOK | 48.2 MNOK |
| Retained earnings | 4.7 MNOK | 13.5 MNOK | 15.4 MNOK |
| Total liabilities | 246.4 MNOK | 264.3 MNOK | 243.1 MNOK |
| Current liabilities | 244.6 MNOK | 263.0 MNOK | 242.1 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 31 October 2026, accounts id 5118725.
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