STIFTELSEN ADMINISTRATIVT FORSKNINGSFOND VED NORGES HANDELSHØYSKOLE
The company is below the middle of its industry
The company kept 0.7 % of every krone in 2025. The median among 121 companies in bedriftsrådgivning og annen administrativ rådgivning was 5.3 %.
Key figures 2025
- Revenue
- 121.5 m kr
- Operating profit
- 816,000 kr
- Operating margin
- 0.7 %industry median 5.3 %
- Equity ratio
- 59.6 %industry median 32.5 %
- Revenue growth
- +6.9 %from the year before
- Equity
- 69.2 m kr
The industry
Where the company stands among 121 companies
Among 121 companies in this industry, the top third earned 16.3 % on every krone, against -0.2 % for the weakest third. The spread is 17 percentage points.
The comparison is limited to companies of roughly the same size, that is between 30.4 m kr and 486 m kr in revenue. The median company in that group had revenue of 56.4 m kr.
See the full picture for business and other management consultancy activities
How the company stands
Margin says how it went, the balance sheet says how the company stands
Two companies on the same margin can be in entirely different situations. These figures come from the balance sheet and say something about how well the company would take a bad quarter.
- 2.3Current ratioStrong
- The company has comfortable cover for what falls due. How many kroner the company holds in current assets for every krone falling due within the year. Below 1 means the bills coming due are larger than what there is to pay them with.
- 0.7Debt to equityStrong
- The company is financed mainly with its own money. How many kroner of debt the company carries per krone of equity. Lower is safer.
- 67.5 m krRetained earningsStrong
- The company has earned back more than was put in. How much the company has earned and kept across its whole life, beyond what the owners put in.
The gap
What the distance to the best performers amounts to
That is how much larger the operating profit would have been in 2025, had the company held the same margin as the median company in the top third of its industry (16.3 %), on the revenue it actually had. It is arithmetic on a distance, not a promise of a result.
Public contracts
Public contracts the company has won
We find 14 public contracts awarded to the company between 2022 and 2026. Total stated value is 105.4 m kr.
| Year | Buyer | Value | Comes up again |
|---|---|---|---|
| 2026 | Departementenes sikkerhets- og serviceorganisasjon · framework agreement | not stated | |
| 2026 | Politiets fellestjenester · framework agreement | not stated | |
| 2025 | Universitetet i Sørøst-Norge (USN) | not stated | |
| 2025 | Jernbanedirektoratet · framework agreement | not stated | |
| 2025 | Stortinget · framework agreement | not stated | |
| 2024 | Utlendingsnemnda | not stated | |
| 2024 | Universitetet I Bergen · framework agreement | not stated | |
| 2024 | Lier kommune | not stated | |
| 2023 | Bane NOR SF | 26.7 m kr | |
| 2023 | Eksportfinansiering Norge · framework agreement | 5.3 m kr | |
| 2023 | Skatteetaten · framework agreement | 8 m kr | |
| 2023 | Ntnu | 16 m kr |
and 2 more
A value is stated on 6 of 14 contracts. The total covers only those.
Contracts come from Doffin and TED. Our collection is not complete, and TED covers only contracts above the EEA threshold, so the figures are a floor and not a full count. We say what we find, not what exists.
Contract values are reported in euro and converted to kroner at the Norges Bank rate of 10.79 (2026-09-16).
History
How it has developed
| Year | Revenue | Operating profit | Margin |
|---|---|---|---|
| 2025 | 121.5 m kr | 816,000 kr | 0.7 % |
| 2023 | 113.6 m kr | 2.8 m kr | 2.4 % |
| 2022 | 119 m kr | 10.1 m kr | 8.5 % |
| 2021 | 97.4 m kr | 5.2 m kr | 5.3 % |
| 2020 | 82.9 m kr | -143,000 kr | -0.2 % |
| 2019 | 87 m kr | 1.4 m kr | 1.6 % |
| 2018 | 80.4 m kr | 1.2 m kr | 1.5 % |
| 2017 | 79 m kr | 201,000 kr | 0.3 % |
| 2016 | 77.3 m kr | -3.6 m kr | -4.6 % |
| 2015 | 0 kr | -2.6 m kr | not stated |
| 2014 | 499,000 kr | -1.4 m kr | -275.9 % |
Next step
The figures say where the company stands, not why
The accounts show the result of how the company is run, but say nothing about where in the working day the time and the money disappear. That is only found by walking through the flow itself, from the job coming in to the money being on the account.