Org.nr 920 954 278 2023 → 2024 Year-over-year analysis

ADAPTEO AS: årsregnskap 2024 vs 2023

Grew 44% on revenue

approved 2025-06-18; registry 2025-07-09; journal 2025 647512

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2024 with 2023 for ADAPTEO AS. Revenue 122.66m NOK → 176.05m NOK (+43.5%). Net result -78.24m NOK → -65.86m NOK. Equity 76.79m NOK → 75.76m NOK.

On the constructive side: revenue rose; net result improved. Pressures included: operating result weakened; equity eroded.

Also worth watching: thin equity buffer; paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for ADAPTEO AS.

Scorecard

Revenue
122.66m NOK 176.05m NOK
+43.5%
Operating result
-19.84m NOK -28.37m NOK
-42.9%
Net result
-78.24m NOK -65.86m NOK
+15.8%
Equity
76.79m NOK 75.76m NOK
-1.3%
Total assets
819.62m NOK 1.03bn NOK
+26.1%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 122.66m NOK to 176.05m NOK (+43.5% YoY). Calculated

  • ↑

    Net result improved

    Net result -78.24m NOK → -65.86m NOK (net margin -63.8% → -37.4%). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result -19.84m NOK → -28.37m NOK (op. margin -16.2% → -16.1%). Calculated

  • ↓

    Equity eroded

    Book equity 76.79m NOK → 75.76m NOK (equity ratio 9.4% → 7.3%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 7.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Paid-in equity reduced

    Paid-in equity fell 238.12m NOK → 75.76m NOK — check capital reduction, conversion, or reclassification. Interpretation

  • ·

    Book investments changed

    Investment / intangible book value 2.01m NOK → 1.16m NOK. Reported fact

  • ·

    Headcount (årsverk) changed

    Reported FTEs 15 → 20. Reported fact