Addovation AS
Score · fiscal year 2025
37of 100
How to read this: the company is ahead of 20 % of companies in the Morning class Medium in the same sector in 2025. What does this mean?
Rank in the Morning class Medium: 126 of 157 · What are Morning company classes?
Place in the whole sector: 1,266 of 1,670 · Revisjon, regnskap og rådgivning
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 13 and solidity 51 out of 100 among companies in the Morning class Medium in the same sector in 2025. Methodology
Against the sector
Addovation AS is 12 points below the median for companies in the Morning class Medium in the same sector in 2025.
Median score 49 among 157 companies.
Against companies in the Morning class Medium in the same sector in 2025: operating margin 0.3% (median 10.3%) and equity ratio 28.1% (median 27.9%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 147 MNOK | 82 MNOK |
| Operating margin | 0.3% | 10.3% |
| Profit margin | 0.0% | 10.5% |
| Return on assets | 1.7% | 25.5% |
| Equity ratio | 28.1% | 27.9% |
| Debt-to-equity | 2.56 | 2.57 |
| Current ratio | 1.09 | 1.15 |
| Revenue growth | 10.5% | 7.8% |
| Revenue per employee | 2.26 MNOK | 1.97 MNOK |
The median and “ahead of” refer to companies in the Morning class Medium in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 37, Addovation AS does better than 20% of companies in the Morning class Medium in the same sector (157 companies) in 2025.
Score 2023–2025
- Addovation AS
- Median: companies in the Morning class Medium in the same sector
Addovation AS has a score of 37 for 2025, rank 1,266 of 1,670 in the sector.
Strongest: Growth: percentile 60 against peers, revenue growth 10.5% against a median of 7.8%.
Weakest: Profitability: percentile 13 against peers, operating margin 0.3% against a median of 10.3%. Consistency: percentile 38 against peers.
Worth a closer look
- The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors? Based on: operating margin 0.3% (median 10.3%).
- What lies behind weak profitability, and will it last?
- What lies behind weak consistency, and will it last?
Written by fixed rules from the figures. Describes the figures, does not explain causes. Not investment or financial advice. How the summary is made
What the numbers say
Addovation AS had an operating margin of 0.3% and an equity ratio of 28.1% in 2025, and ranks 1,266 of 1,670 in Revisjon, regnskap og rådgivning.
From 2024 to 2025: the operating margin fell from 13.4% to 0.3% and the equity ratio fell from 53.1% to 28.1%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 0 MNOK and 37 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 0 MNOK |
| EV/EBIT | 8.0 | 18 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
The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors?
Based on: Operating margin 0.3% (median 10.3%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 2.3% of the debt in 2025. The policy rate averaged 4.30 % 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 7.4%. Based on the 7 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 13 | weight 30% |
|---|---|---|
| Solidity | 51 | weight 25% |
| Liquidity | 38 | weight 15% |
| Growth | 60 | weight 15% |
| Consistency | 38 | weight 15% |
Durability: 62 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Addovation AS?
The operating margin was 0.3% in 2025, against a median of 10.3% among companies in the Morning class Medium in the same sector. Return on assets was 1.7%.
How solid is Addovation AS?
The equity ratio was 28.1% in 2025 (median 27.9%). Debt-to-equity was 2.56 (median 2.57).
What is the liquidity of Addovation AS like?
The current ratio was 1.09 in 2025 (median 1.15).
How does Addovation AS compare in Revisjon, regnskap og rådgivning?
Addovation AS ranks 1,266 of 1,670 in Revisjon, regnskap og rådgivning for 2025. Among companies in the Morning class Medium it is number 126 of 157. Revenue changed by 10.5% from the year before.
Public contracts
- Contracts awarded since 2024
- 1
- Total awarded value since 2024
- value not stated
- Framework agreements
- 1
- Left out of the total: the value is a ceiling, not actual spend.
| Date | Buyer | Notice | Value |
|---|---|---|---|
| 17 February 2026 | Politiets fellestjenester | IFS konsulentavtale - drift, vedlikehold og utvikling nasjonalt materiellberedskapssystem | 80.0 MNOK (framework) |
| 1 January 2017 | LOS-programmet i Forsvaret | IFS-konsulent til Forsvarsmateriell (FMA) | 0.0 MNOK |
| 1 January 2017 | LOS-programmet i Forsvaret | Konsulentbistand til Forsvarsmateriell (FMA): Konsulentteam innen IFS | 0.0 MNOK |
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 28 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.
- 992564113
- Legal form
- AS
- Sector
- Revisjon, regnskap og rådgivning (70.200)
- Morning company class
- Medium
- Employees
- 65 registered 10 September 2026
- Founded
- 31 January 2008 18 years in operation
- Share capital
- 0.23 MNOK
- Business address
- Engene 22, 3015 DRAMMEN
- Municipality
- Drammen rank 10 of 11 in KOSTRA group 12
- Latest accounts filed
- 2025
- LEI
- 636700XKD2V2ILSTWK51 renews 24 October 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
Loading roles …
Source: Central Coordinating Register, fetched 31 October 2026. Only names are shown.
- Parent company
- Parent does not consolidate the company
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 2 November 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 71 | 79 | 37 | |
| Rank | 319 | 86 | 1,266 | |
| Operating margin | 9.2% | 13.4% | 0.3% | |
| Return on assets | 15.2% | 26.0% | 1.7% | |
| Equity ratio | 46.1% | 53.1% | 28.1% | |
| Current ratio | 1.85 | 1.85 | 1.09 | |
| Revenue growth | – | 50.7% | 10.5% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 88.3 MNOK | 133.1 MNOK | 147.0 MNOK |
| Operating profit | 8.1 MNOK | 17.9 MNOK | 0.4 MNOK |
| Profit before tax | 10.6 MNOK | 21.4 MNOK | 0.0 MNOK |
| Net profit | 8.6 MNOK | 17.3 MNOK | 0.0 MNOK |
| Financial expenses | 0.7 MNOK | 1.0 MNOK | 2.2 MNOK |
| Total assets | 74.3 MNOK | 85.9 MNOK | 131.3 MNOK |
| Current assets | 65.1 MNOK | 74.6 MNOK | 102.7 MNOK |
| Equity | 34.3 MNOK | 45.6 MNOK | 36.9 MNOK |
| Retained earnings | 32.7 MNOK | 44.0 MNOK | 24.0 MNOK |
| Total liabilities | 40.0 MNOK | 40.3 MNOK | 94.4 MNOK |
| Current liabilities | 35.2 MNOK | 40.3 MNOK | 94.4 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 2 November 2026, accounts id 7166309.
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