Clean-Start AS
Score · fiscal year 2025
27of 100
How to read this: the company is ahead of 15 % of companies in the Morning class Small in the same sector in 2025. What does this mean?
Rank in the Morning class Small: 824 of 969 · What are Morning company classes?
Place in the whole sector: 2,594 of 3,039 · Forretningsmessig tjenesteyting
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 13 and solidity 38 out of 100 among companies in the Morning class Small in the same sector in 2025. Methodology
Against the sector
Clean-Start AS is 24 points below the median for companies in the Morning class Small in the same sector in 2025.
Median score 51 among 969 companies.
Against companies in the Morning class Small in the same sector in 2025: operating margin −3.1% (median 4.4%) and equity ratio 18.8% (median 24.9%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 16 MNOK | 20 MNOK |
| Operating margin | −3.1% | 4.4% |
| Profit margin | −3.1% | 4.3% |
| Return on assets | −11.4% | 10.8% |
| Equity ratio | 18.8% | 24.9% |
| Debt-to-equity | 4.33 | 2.54 |
| Current ratio | 1.04 | 1.22 |
| Revenue growth | −10.7% | 6.5% |
| Revenue per employee | 0.34 MNOK | 1.02 MNOK |
The median and “ahead of” refer to companies in the Morning class Small in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 27, Clean-Start AS does better than 15% of companies in the Morning class Small in the same sector (969 companies) in 2025.
Score 2023–2025
- Clean-Start AS
- Median: companies in the Morning class Small in the same sector
Clean-Start AS has a score of 27 for 2025, rank 2,594 of 3,039 in the sector.
Strongest: Consistency: percentile 44 against peers.
Weakest: Profitability: percentile 13 against peers, operating margin −3.1% against a median of 4.4%. Growth: percentile 17 against peers, revenue growth −10.7% against a median of 6.5%.
Worth a closer look
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin −3.1% (median 4.3%).
- The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors? Based on: operating margin −3.1% (median 4.4%).
- What lies behind weak profitability, and will it last?
- What lies behind weak growth, 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
The industry or the company: what drove the result?
In 2025 the operating margin of Clean-Start AS fell by 4.1 percentage points. Comparable companies rose by a median 0.0 points. So the company did 4.1 points weaker than the industry, for reasons of its own.
Over 2 year-to-year changes Clean-Start AS moved the same way as comparable companies 1 times. About 4% of the changes in operating margin were common to the industry; the rest was the company's own.
| Year | The company | Comparable (median) | Change, company | Change, industry | The company's own |
|---|---|---|---|---|---|
| 2024 | 1.0% | 4.4% | −2.2 percentage points | −0.2 percentage points | −2.0 percentage points |
| 2025 | −3.1% | 4.4% | −4.1 percentage points | +0.0 percentage points | −4.1 percentage points |
Comparable companies are those in the same industry and Morning company class. Their change shows what hit the whole industry, the sector drivers below included. The rest is the company's own: contracts, costs, one-off items or operations. The share is approximate, and we claim no cause.
The company and its sector's drivers
Prices, rate and currency that shape the sector's year, year by year beside the operating margin of Clean-Start AS. The figures stand side by side; we claim no cause.
Service prices: business support services (indeks (2021 = 100))
Service prices: business support services rose 3.8% in 2025; the operating margin of Clean-Start AS fell 4.1 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Service prices: business support services, annual average | 100.0 | 104.9 | 111.1 | 116.9 | 121.3 | 122.3 (so far) |
| Change from the year before | – | +4.9% | +5.9% | +5.2% | +3.8% | +0.8% |
| The company's operating margin | – | – | 3.2% | 1.0% | −3.1% | – |
Source: SSB (14335, CC BY 4.0). Source
Turnover index: administrative and support services (indeks (2021 = 100))
Turnover index: administrative and support services rose 5.8% in 2025; the operating margin of Clean-Start AS fell 4.1 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Turnover index: administrative and support services, annual average | 99.5 | 117.4 | 126.0 | 130.8 | 138.4 | 141.3 (so far) |
| Change from the year before | +5.3% | +17.9% | +7.4% | +3.8% | +5.8% | +2.1% |
| The company's operating margin | – | – | 3.2% | 1.0% | −3.1% | – |
Source: SSB (13863, CC BY 4.0). Source
Consumer price index (indeks (2025 = 100))
Consumer price index rose 3.0% in 2025; the operating margin of Clean-Start AS fell 4.1 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Consumer price index, annual average | 84.3 | 89.2 | 94.1 | 97.0 | 100.0 | 102.9 (so far) |
| Change from the year before | +3.5% | +5.8% | +5.5% | +3.2% | +3.0% | +2.9% |
| The company's operating margin | – | – | 3.2% | 1.0% | −3.1% | – |
Source: SSB (14710, CC BY 4.0). Source
Policy rate (prosent)
Policy rate fell 0.20 percentage points in 2025; the operating margin of Clean-Start AS fell 4.1 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Policy rate, annual average | 0.08 | 1.32 | 3.54 | 4.50 | 4.30 | 4.17 (so far) |
| Change from the year before | −0.28 percentage points | +1.24 percentage points | +2.22 percentage points | +0.96 percentage points | −0.20 percentage points | −0.12 percentage points |
| The company's operating margin | – | – | 3.2% | 1.0% | −3.1% | – |
Source: Norges Bank (IR, NLOD 2.0). Source
Wage index: business support services (indeks)
Wage index: business support services rose 5.7% in 2025; the operating margin of Clean-Start AS fell 4.1 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Wage index: business support services, annual average | 81.5 | 85.5 | 89.7 | 94.8 | 100.3 | 106.3 (so far) |
| Change from the year before | +3.5% | +4.9% | +4.9% | +5.7% | +5.7% | +6.0% |
| The company's operating margin | – | – | 3.2% | 1.0% | −3.1% | – |
Source: SSB (12314, CC BY 4.0). Source
We show the drivers and the margin side by side and claim no cause. Sensitivity per company is not computed until we have at least 10 years of accounts per company: with three years such figures are false precision.
What the numbers say
Clean-Start AS had an operating margin of −3.1% and an equity ratio of 18.8% in 2025, and ranks 2,594 of 3,039 in Forretningsmessig tjenesteyting.
From 2024 to 2025: went from a profit to a loss before tax and the operating margin fell from 1.0% to −3.1%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 1 MNOK and 2 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 17.3 | 1 MNOK |
| EV/EBIT | 14.1 | 2 MNOK |
| P/B | 2.7 | 1 MNOK |
The listed basis is the value at listed multiples. The estimate is lowered by 51% for an unlisted company: 20% for lack of marketability and 38% for size (a small-company premium of 4% 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
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −3.1% (median 4.3%).
- 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 −3.1% (median 4.4%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
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 0.3%. Based on the 9 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 | 38 | weight 25% |
| Liquidity | 32 | weight 15% |
| Growth | 17 | weight 15% |
| Consistency | 44 | weight 15% |
Durability: 37 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Clean-Start AS?
The operating margin was −3.1% in 2025, against a median of 4.4% among companies in the Morning class Small in the same sector. Return on assets was −11.4%. The company made a loss before tax.
How solid is Clean-Start AS?
The equity ratio was 18.8% in 2025 (median 24.9%). Debt-to-equity was 4.33 (median 2.54).
What is the liquidity of Clean-Start AS like?
The current ratio was 1.04 in 2025 (median 1.22).
How does Clean-Start AS compare in Forretningsmessig tjenesteyting?
Clean-Start AS ranks 2,594 of 3,039 in Forretningsmessig tjenesteyting for 2025. Among companies in the Morning class Small it is number 824 of 969. Revenue changed by −10.7% from the year before.
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.
From the Central Coordinating Register
- Org. no.
- 997178068
- Legal form
- AS · part of a group
- Sector
- Forretningsmessig tjenesteyting (81.210)
- Morning company class
- Small
- Employees
- 46 registered 10 October 2026
- Founded
- 1 June 2011 15 years in operation
- Share capital
- 0.30 MNOK
- Business address
- 2.etg., Engebrets vei 3, 0275 OSLO
- Municipality
- Oslo rank 63–220 of 357 in Norway
- Latest accounts filed
- 2025
- Website
- www.clean-start.no
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.
Shareholders (2025)
- Number of shareholders
- 1 (one owner)
- Largest owner
- 100.0%
- Split
- companies 100% · private persons 0% · foreign 0%
- Owned from the same municipality
- 100%
- Group chain
-
Owned by: Capitol Iii AS (100%)
Ultimate owner: Capitol II AS
The owner: the majority owner Capitol Iii AS (holds 100%) made a loss in 2025. A weak parent can affect the subsidiary through group contributions, loans and guarantees. It is an indication to watch, not an assessment of the company.
- Capitol Iii AS · 100.0%
The company is new in the shareholder register in 2025.
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 | 44 | 40 | 27 | |
| Rank | 1,678 | 2,057 | 2,594 | |
| Operating margin | 3.2% | 1.0% | −3.1% | |
| Return on assets | 10.5% | 4.0% | −11.4% | |
| Equity ratio | 18.6% | 22.0% | 18.8% | |
| Current ratio | 1.21 | 1.15 | 1.04 | |
| Revenue growth | – | −3.0% | −10.7% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 18.0 MNOK | 17.5 MNOK | 15.6 MNOK |
| Operating profit | 0.6 MNOK | 0.2 MNOK | −0.5 MNOK |
| Profit before tax | 0.6 MNOK | 0.2 MNOK | −0.5 MNOK |
| Tax expense | 0.1 MNOK | 0.0 MNOK | −0.1 MNOK |
| Net profit | 0.5 MNOK | 0.2 MNOK | −0.4 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK | – |
| Total assets | 5.7 MNOK | 5.3 MNOK | 4.2 MNOK |
| Current assets | 5.6 MNOK | 4.7 MNOK | 3.6 MNOK |
| Equity | 1.1 MNOK | 1.2 MNOK | 0.8 MNOK |
| Retained earnings | 0.8 MNOK | 0.9 MNOK | 0.5 MNOK |
| Total liabilities | 4.6 MNOK | 4.1 MNOK | 3.4 MNOK |
| Current liabilities | 4.6 MNOK | 4.1 MNOK | 3.4 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 2 November 2026, accounts id 6966128.
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