Bitpro AS
Score · fiscal year 2024
24of 100
How to read this: the company is ahead of 7 % of companies in the Morning class Medium in the same sector in 2024. What does this mean?
Rank in the Morning class Medium: 654 of 701 · What are Morning company classes?
Place in the whole sector: 2,810 of 3,097 · Informasjon og kommunikasjon
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 3 and solidity 57 out of 100 among companies in the Morning class Medium in the same sector in 2024. Methodology
Against the sector
Bitpro AS is 27 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 −24.1% (median 6.0%) and equity ratio 33.4% (median 29.2%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 261 MNOK | 105 MNOK |
| Operating margin | −24.1% | 6.0% |
| Profit margin | −24.8% | 6.8% |
| Return on assets | −45.6% | 11.6% |
| Equity ratio | 33.4% | 29.2% |
| Debt-to-equity | 1.99 | 2.30 |
| Current ratio | 0.68 | 1.17 |
| Revenue growth | −1.9% | 7.2% |
| Revenue per employee | 4.57 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 24, Bitpro AS does better than 7% of companies in the Morning class Medium in the same sector (701 companies) in 2024.
Score 2023–2025
- Bitpro AS
- Median: companies in the Morning class Medium in the same sector
What the numbers say
Bitpro AS had an operating margin of −24.1% and an equity ratio of 33.4% in 2024, and ranks 2,810 of 3,097 in Informasjon og kommunikasjon.
From 2023 to 2024: the operating margin fell from −19.1% to −24.1% and the equity ratio fell from 40.2% to 33.4%.
This text is generated automatically from the 2024 accounts.
Three simple methods
One method gives a figure: 65 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 17.7 | not meaningful |
| EV/EBIT | 14.3 | not meaningful |
| P/B | 2.6 | 65 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
Worth a closer look
- watch
Consider strengthening liquidity: current liabilities are 1.5 times current assets.
Based on: Current ratio 0.68 (median 1.17).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −24.8% (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 −24.1% (median 6.0%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 2.0% 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
No anomalies found in the figures.
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 | 3 | weight 30% |
|---|---|---|
| Solidity | 57 | weight 25% |
| Liquidity | 16 | weight 15% |
| Growth | 25 | weight 15% |
| Consistency | 15 | weight 15% |
Durability: 25 (average over 2 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Bitpro AS?
The operating margin was −24.1% in 2024, against a median of 6.0% among companies in the Morning class Medium in the same sector. Return on assets was −45.6%. The company made a loss before tax.
How solid is Bitpro AS?
The equity ratio was 33.4% in 2024 (median 29.2%). Debt-to-equity was 1.99 (median 2.30).
What is the liquidity of Bitpro AS like?
The current ratio was 0.68 in 2024 (median 1.17). Current assets did not cover current liabilities.
How does Bitpro AS compare in Informasjon og kommunikasjon?
Bitpro AS ranks 2,810 of 3,097 in Informasjon og kommunikasjon for 2024. Among companies in the Morning class Medium it is number 654 of 701. Revenue changed by −1.9% from the year before.
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
- Fiber Norge AS · 72.1%
- Fundamentum AS · 9.9%
- Jbb-Invest AS · 4.5%
- EL Advisor AS · 1.5%
- Advira Consulting AS · 0.6%
- Jondal Invest AS · 0.4%
- Aadnevik Invest AS · 0.4%
- Ocean Cloud AS · 0.3%
- Møllergaten 32 Eiendom AS · 0.2%
- Single Sign-On AS · 0.2%
- 17 private persons · 9.7%
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.
Figures last fetched 2 November 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 26 | 24 | 33 | |
| Rank | 2,524 | 2,810 | 2,573 | |
| Operating margin | −19.1% | −24.1% | 0.6% | |
| Return on assets | −27.4% | −45.6% | 1.5% | |
| Equity ratio | 40.2% | 33.4% | 36.4% | |
| Current ratio | 0.92 | 0.68 | 0.97 | |
| Revenue growth | – | −1.9% | 0.2% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 265.8 MNOK | 260.8 MNOK | 261.3 MNOK |
| Operating profit | −50.7 MNOK | −62.8 MNOK | 1.6 MNOK |
| Profit before tax | −52.3 MNOK | −64.5 MNOK | 0.3 MNOK |
| Tax expense | −7.7 MNOK | −10.3 MNOK | 2.1 MNOK |
| Net profit | −44.6 MNOK | −54.2 MNOK | −1.9 MNOK |
| Financial expenses | 2.0 MNOK | 1.9 MNOK | 1.5 MNOK |
| Total assets | 183.5 MNOK | 137.3 MNOK | 121.0 MNOK |
| Current assets | 54.8 MNOK | 50.2 MNOK | 65.2 MNOK |
| Equity | 73.8 MNOK | 45.9 MNOK | 44.0 MNOK |
| Retained earnings | −153.1 MNOK | – | −1.9 MNOK |
| Total liabilities | 109.7 MNOK | 91.4 MNOK | 77.0 MNOK |
| Current liabilities | 59.8 MNOK | 73.6 MNOK | 67.3 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 2 November 2026, accounts id 5964495.
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