ADMIRATE AS: årsregnskap 2025 vs 2024
Shrank 64% on revenue, weaker earnings
approved 2026-05-12; registry 2026-06-27; journal 2026 494312
Summary
What changed
Comparing Årsregnskap 2025 with 2024 for ADMIRATE AS. Revenue 8.02m NOK → 2.91m NOK (-63.7%). Net result -214.4k NOK → -265.2k NOK. Equity 163.4k NOK → -101.8k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; cogs fell; headcount (årsverk) changed. All figures are taken from the published annual accounts for ADMIRATE AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 27.1k NOK → 77.6k NOK (+186.5% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 8.02m NOK to 2.91m NOK (-63.7% YoY). Calculated
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↓
Operating result weakened
Operating result -105.6k NOK → -206.9k NOK (op. margin -1.3% → -7.1%). Calculated
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↓
Net result weakened
Net result -214.4k NOK → -265.2k NOK (net margin -2.7% → -9.1%). Calculated
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↓
Equity eroded
Book equity 163.4k NOK → -101.8k NOK (equity ratio 18.2% → -13.1%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.59× → 0.91× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -13.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 4.08m NOK → 1.29m NOK (-68.3% YoY). Calculated
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·
Headcount (årsverk) changed
Reported FTEs 3 → 2. Reported fact