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Bitpro AS

Org. no. 986643583 · Kristiansand · Founded 2004 · 57 employees

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Score · fiscal year 2023

26of 100

How to read this: the company is ahead of 11 % of companies in the Morning class Medium in the same sector in 2023. What does this mean?

Rank in the Morning class Medium: 557 of 624 · What are Morning company classes?
Place in the whole sector: 2,524 of 2,970 · Informasjon og kommunikasjon

Profile

Elephant · Steward

Lower profitability, high solidity

Position against comparable companies in 2023, not a verdict on the company. Based on profitability 6 and solidity 66 out of 100 among companies in the Morning class Medium in the same sector in 2023. Methodology

Against the sector

Bitpro AS is 23 points below the median for companies in the Morning class Medium in the same sector in 2023.

Median score 49 among 624 companies.

Against companies in the Morning class Medium in the same sector in 2023: operating margin −19.1% (median 6.2%) and equity ratio 40.2% (median 28.5%).

Source: Register of Company Accounts and Central Coordinating RegisterFetched 2 November 2026Report an issue
Key figures · 2023

The numbers behind the score

The numbers behind the score · 2023
MeasureCompanyMedianAhead of
Operating revenue266 MNOK108 MNOK
Operating margin −19.1% 6.2% 8 %
Profit margin −19.7% 7.1% shown, not part of the index
Return on assets −27.4% 12.2% 4 %
Equity ratio 40.2% 28.5% 66 %
Debt-to-equity 1.49 2.41 65 %
Current ratio 0.92 1.18 24 %
Revenue growth – 10.6% not compared
Revenue per employee4.66 MNOK2.74 MNOK

The median and “ahead of” refer to companies in the Morning class Medium in the same sector in 2023. The bar shows the share of companies the figure is ahead of.

With an index of 26, Bitpro AS does better than 11% of companies in the Morning class Medium in the same sector (624 companies) in 2023.

Over time

Score 2023–2025

CompanyMedian0255075100202320242025
  • Bitpro AS
  • Median: companies in the Morning class Medium in the same sector
Analysis · 2023

What the numbers say

Bitpro AS had an operating margin of −19.1% and an equity ratio of 40.2% in 2023, and ranks 2,524 of 2,970 in Informasjon og kommunikasjon.

This text is generated automatically from the 2023 accounts.

Estimated value · 2023

Three simple methods

One method gives a figure: 105 MNOK.

MethodInputMultipleListed basisEstimate
P/E Net profit: −44.6 MNOK 17.7 – not meaningful
EV/EBIT Operating profit: −50.7 MNOK 14.3 – not meaningful
P/B Equity: 73.8 MNOK 2.6 192 MNOK 105 MNOK

The listed basis is the value at listed multiples. The estimate is lowered by 46% for an unlisted company: 20% for lack of marketability and 32% for size (a small-company premium of 3% on the cost of equity).

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

Indications · 2023

Worth a closer look

  • watch

    Consider strengthening liquidity: current liabilities are 1.1 times current assets.

    Based on: Current ratio 0.92 (median 1.18).

  • watch

    The company made a loss before tax. Are these one-off items or a pattern?

    Based on: Profit margin −19.7% (median 7.1%).

  • 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 −19.1% (median 6.2%).

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

Financial costs were 1.9% 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.

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 4.1%. Based on the 8 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology

Components · 2023

What the score is made of

Profitability6 weight 30%
Solidity66 weight 25%
Liquidity24 weight 15%
Growth– no data, left out
Consistency2 weight 15%

Index version 2. Data completeness 85%: the share of the weights that had data.

2023

Questions and answers

How profitable is Bitpro AS?

The operating margin was −19.1% in 2023, against a median of 6.2% among companies in the Morning class Medium in the same sector. Return on assets was −27.4%. The company made a loss before tax.

How solid is Bitpro AS?

The equity ratio was 40.2% in 2023 (median 28.5%). Debt-to-equity was 1.49 (median 2.41).

What is the liquidity of Bitpro AS like?

The current ratio was 0.92 in 2023 (median 1.18). Current assets did not cover current liabilities.

How does Bitpro AS compare in Informasjon og kommunikasjon?

Bitpro AS ranks 2,524 of 2,970 in Informasjon og kommunikasjon for 2023. Among companies in the Morning class Medium it is number 557 of 624.

From the Central Coordinating Register

Org. no.
986643583
Legal form
AS
Sector
Informasjon og kommunikasjon (61.100)
Morning company class
Medium
Employees
57 registered 10 July 2026
Founded
1 March 2004 22 years in operation
Share capital
0.60 MNOK
Business address
Østre Strandgate 80, 4608 KRISTIANSAND S
Municipality
Kristiansand rank 2–6 of 11 in KOSTRA group 12
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 3 November 2026. Only names are shown.

Shareholders (2025)

Number of shareholders
28 (one owner holds more than half)
Largest owner
72.1% · top three 86.6%
Split
companies 90% · private persons 10% · foreign 0%
Owned from the same municipality
12%
Owners over 60
64% of the shares held by persons (median age 60)
Group chain
Owned by: Fiber Norge AS (72%)
Ultimate owner: private person

Change 2007–2025: 99% of the shares changed owner (26 new and 7 departed owners). The majority owner changed.
New owners (companies): Aadnevik Invest AS, Advira Consulting AS, EL Advisor AS, Fiber Norge AS, Fundamentum AS
Departed (companies): Change and Development Norway AS

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.

Report an issue

Figures last fetched 2 November 2026.

Details

Year by year · 2023–2025

Key figure202320242025Trend
Index262433
Rank2,5242,8102,573
Operating margin−19.1%−24.1%0.6%
Return on assets−27.4%−45.6%1.5%
Equity ratio40.2%33.4%36.4%
Current ratio0.920.680.97
Revenue growth–−1.9%0.2%

Accounts

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

Key figure202320242025
Operating revenue265.8 MNOK260.8 MNOK261.3 MNOK
Operating profit−50.7 MNOK−62.8 MNOK1.6 MNOK
Profit before tax−52.3 MNOK−64.5 MNOK0.3 MNOK
Tax expense−7.7 MNOK−10.3 MNOK2.1 MNOK
Net profit−44.6 MNOK−54.2 MNOK−1.9 MNOK
Financial expenses2.0 MNOK1.9 MNOK1.5 MNOK
Total assets183.5 MNOK137.3 MNOK121.0 MNOK
Current assets54.8 MNOK50.2 MNOK65.2 MNOK
Equity73.8 MNOK45.9 MNOK44.0 MNOK
Retained earnings−153.1 MNOK–−1.9 MNOK
Total liabilities109.7 MNOK91.4 MNOK77.0 MNOK
Current liabilities59.8 MNOK73.6 MNOK67.3 MNOK

Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 2 November 2026, accounts id 5077687.

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