Spir Group AS
ASActiveOrg 823843542Dronning Mauds Gate 10, 0250 OsloWeb search portal activities· NACE 6391Est. 2019 · 6 years old14 employeeshttps://www.spirgroup.com
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Overview
Spir Group AS is a Norwegian AS based in Oslo, operating in the Web search portal activities sector. Incorporated in 2019, the company has 14 employees and reported revenue of NOK 38.2m in its latest annual filing.
Revenue 2025
0B NOK
+3% vs 2024
EBITDA margin
−88.7 %
−54% vs 2024
Net profit 2025
0.9B NOK
+5571% vs 2024
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
80.2 %
StrongAmong the 40% highest rated companies in the industry
20202025
Liquidity ratioCurrent assets ÷ Short-term debt
0.6×
WeakAmong the 30% lowest rated companies in the industry
20202025
Return on assets (ROA)Net profit ÷ Total assets × 100
44.2 %
Very strongAmong the 10% highest rated companies in the industry
20202025
EBITDA — year on year
NOK millionsKey figures
Annual report 2025| Revenue | 0B NOK | +3% |
| EBITDA | -0B NOK | -54% |
| Net profit | 0.9B NOK | +5571% |
| Total assets | 1.9B NOK | 0% |
| Equity | 1.6B NOK | +53% |
| Employees | 14 | — |
Company information
Legal name
SPIR GROUP AS
Org number
823843542
Legal form
Aksjeselskap
NACE code
6391 · Web search portal activities
Founded
28 October 2019 · 6 years
Share capital
NOK 2,659,047
Employees
14 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2025-12-31
Financial year
January – December
Signatory rights
Selskapets firma tegnes av to styremedlemmer i fellesskap.
Company purpose
Å investere i eierskap, utvikling og salg eller annen realisasjon, helt eller delvis av virksomheter og selskaper, både innenlands og utlandet, samt alt hva hermed står i forbindelse.
(no translation available)
Contact
Address
Dronning Mauds Gate 10, 0250 Oslo
Phone
+47 90 53 00 49
Email
sikri.holding@sikri.no
Website
https://www.spirgroup.com
Risika for professionals
Risika provides regulated workflow tools for finance, procurement and compliance teams that need monitoring, alerts and an API.
Financial development
In its most recent annual report (2025), Spir Group AS reported revenue of NOK 38.2m, an increase of 3% on the year before. The figures on this page draw on 5 annual filings covering 2020 to 2025. The bottom line showed a net profit of NOK 855.0m, and the EBITDA margin stood at -88.7%.
At the end of 2025, equity financed 80.2% of the balance sheet, and current assets covered short-term debt 0.6 times.
Financials
Revenue
NOK millionsEBITDA
NOK millionsIncome statement
NOK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2020 |
|---|---|---|---|---|---|
| Revenue | 38,175 | 37,110 | 24,332 | 18,684 | 0 |
| Staff expenses | -41,645 | -38,424 | -31,504 | -21,273 | -1,200 |
| EBITDA | -33,856 | -22,030 | -24,208 | -27,635 | -2,565 |
| Depreciation & amort. | -226 | -148 | -39 | -0 | -0 |
| EBIT | -34,082 | -22,178 | -24,247 | -27,635 | -2,565 |
| Net financials | 888,250 | 11,334 | -14,158 | 30,288 | 9,183 |
| Profit before tax | 854,168 | -10,844 | -38,405 | 2,653 | 6,618 |
| Tax | -843 | 4,783 | -170 | 1,296 | -0 |
| Net profit | 855,011 | -15,627 | -38,235 | 1,357 | 6,618 |
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Balance sheet
NOK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2020 |
|---|---|---|---|---|---|
| Total assets | 1,936,487 | 1,944,744 | 2,017,852 | 2,031,623 | 358,372 |
| Equity | 1,552,635 | 1,017,142 | 1,003,249 | 1,026,335 | 245,271 |
| Long-term debt | 139,745 | 675,407 | 662,747 | 749,864 | 97,500 |
| Short-term debt | 244,108 | 252,195 | 351,856 | 255,424 | 15,601 |
| Total debt | 383,853 | 927,602 | 1,014,603 | 1,005,288 | 113,101 |
Financial ratios
5-year trendEBITDA margin
-88.7 %
20202025
Equity ratio
80.2 %
StrongAmong the 40% highest rated companies in the industry
20202025
Return on equity
55.1 %
StrongAmong the 30% highest rated companies in the industry
20202025
Net profit margin
>999 %
Very strongAmong the 10% highest rated companies in the industry
20202025
Asset turnover
0.02×
WeakAmong the 40% lowest rated companies in the industry
20202025
Debt / equity
0.25×
StrongAmong the 40% highest rated companies in the industry
20202025
Sector performance
27 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Gross marginAverage
Around the average of companies in the same industry
The gross result as a share of revenue — how much of the revenue is left after variable costs to cover the company's fixed costs.
Operating marginVery weak
Among the 20% lowest rated companies in the industry
EBIT as a share of revenue — the share of revenue remaining as earnings once all operating costs are covered. A key measure of earning power.
Net profit marginVery strong
Among the 10% highest rated companies in the industry
The profit for the year as a share of revenue — the company's ability to turn revenue into profit.
Return on equity (ROE)Strong
Among the 30% highest rated companies in the industry
Net profit as a percentage of equity — the return the owners earned on their invested capital this year.
Return on assets (ROA)Very strong
Among the 10% highest rated companies in the industry
Net profit as a percentage of total assets — the return generated on the capital employed.
Return on net assets (RONA)Strong
Among the 30% highest rated companies in the industry
Profit relative to net assets (total assets minus total debt) — the ability to generate earnings from the net asset base alone.
Basic earning power (BEP)Average
Around the average of companies in the same industry
EBIT relative to total assets — the company's earning power before the effects of tax and financial leverage.
Capacity ratioAverage
Around the average of companies in the same industry
Shows how strongly fixed costs weigh on the gross result — a high ratio means fixed costs take only a small bite out of the earnings from basic operations.
Liquidity
Current ratioWeak
Among the 30% lowest rated companies in the industry
Current assets relative to short-term debt — the ability to settle short-term obligations with current assets alone. Around 150% is considered satisfactory from a credit perspective.
Quick ratioWeak
Among the 30% lowest rated companies in the industry
Current assets excluding inventory relative to short-term debt — whether the most liquid assets alone can cover the short-term obligations. A value of 1 or above signals a healthy liquidity position.
Cash ratioWeak
Among the 40% lowest rated companies in the industry
Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.
Current assets to equityVery strong
Among the 10% highest rated companies in the industry
Current assets relative to equity — an indicator of the balance-sheet structure and of the company's short- and long-term financing. The healthy level is highly industry-dependent.
Fixed assets to long-term capitalVery weak
Among the 20% lowest rated companies in the industry
Fixed assets relative to long-term capital (equity plus long-term liabilities). Below 100% means the long-term capital finances more than just the fixed assets — a healthier liquidity position.
Cash conversion ratioVery weak
Among the 20% lowest rated companies in the industry
Cash flow relative to profit — the ability to convert reported profits into accessible cash.
Debt & solvency
Solidity ratioStrong
Among the 40% highest rated companies in the industry
Equity as a share of total assets — the ability to absorb losses. Around 40% is considered satisfactory from a credit perspective.
Debt ratioStrong
Among the 30% highest rated companies in the industry
Total debt relative to the balance-sheet total — the share of the assets financed by debt rather than equity.
Debt to equityStrong
Among the 40% highest rated companies in the industry
Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.
Liabilities to equityAverage
Around the average of companies in the same industry
Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.
Income to debtVery strong
Among the 10% highest rated companies in the industry
Profit relative to debt — the ability to create earnings while operating with debt.
EBITDA to debtWeak
Among the 40% lowest rated companies in the industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest coverageAverage
Around the average of companies in the same industry
The ability to pay the interest on the company's debt out of its earnings.
Interest rate on debtVery weak
Among the 20% lowest rated companies in the industry
Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.
Interest marginVery strong
Among the 20% highest rated companies in the industry
The return on assets minus the interest rate on debt. Positive means the company benefits from operating with debt; negative means the debt makes it worse off.
Efficiency & development
Asset turnoverWeak
Among the 40% lowest rated companies in the industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
Equity to contributed capitalVery strong
Among the 10% highest rated companies in the industry
Total equity relative to the capital the owners contributed — how the equity has developed from its starting point.
One-year change in equityVery strong
Among the 20% highest rated companies in the industry
The size of this year's increase or decrease in the company's equity.
One-year change in debtVery strong
Among the 20% highest rated companies in the industry
The size of this year's increase or decrease in the company's debt.
Inventory turnoverNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Revenue relative to inventory — how many times a year the inventory is sold and replaced. A low value can indicate weak sales or excess inventory.
Annual reports & filings
- Annual report 2025Filed via Brønnøysundsregistrene · Period 2025-01-01 – 2025-12-31
- Annual report 2024Filed via Brønnøysundsregistrene · Period 2024-01-01 – 2024-12-31
- Annual report 2023Filed via Brønnøysundsregistrene · Period 2023-01-01 – 2023-12-31
- Annual report 2022Filed via Brønnøysundsregistrene · Period 2022-01-01 – 2022-12-31
- Annual report 2020Filed via Brønnøysundsregistrene · Period 2020-01-01 – 2020-12-31
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (1) | ||
PH Chief Executive Officer | Chief Executive Officer | 2023 |
Former (2)
EK Observer | Observer | 2023 – 2026 |
NH Chief Executive Officer | Chief Executive Officer | 2020 – 2023 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (5) | ||
RE Chairman | Chairman | 2022 |
JR Board of Directors | Board of Directors | 2021 |
AA Board of Directors | Board of Directors | 2026 |
MB Board of Directors | Board of Directors | 2024 |
CB Board of Directors | Board of Directors | 2026 |
Former (8)
SH Board of Directors | Board of Directors | 2022 – 2026 |
RS Board of Directors | Board of Directors | 2021 – 2022 |
MD Board of Directors | Board of Directors | 2022 – 2024 |
TG Board of Directors | Board of Directors | 2021 – 2022 |
CK Board of Directors | Board of Directors | 2021 – 2022 |
TH Chairman | Chairman | 2021 – 2022 |
AF Board of Directors | Board of Directors | 2021 – 2022 |
PR Board of Directors | Board of Directors | 2021 – 2026 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 33.52% | 33.52% | 2025 | |
| Company | 11.35% | 11.35% | 2025 | |
| Company | 9.67% | 9.67% | 2025 | |
| Company | 3.57% | 3.57% | 2025 | |
| Company | 3.35% | 3.35% | 2025 | |
| Company | 3.33% | 3.33% | 2025 | |
| Company | 2.22% | 2.22% | 2025 | |
| Company | 1.93% | 1.93% | 2025 | |
| Company | 1.54% | 1.54% | 2025 | |
| Company | 1.3% | 1.3% | 2025 | |
| Company | 1.27% | 1.27% | 2025 | |
| Company | 1.01% | 1.01% | 2025 | |
| Company | 0.53% | 0.53% | 2025 | |
| Company | 0.53% | 0.53% | 2025 | |
| Individual | 0.08% | 0.08% | 2025 | |
| Individual | 0.04% | 0.04% | 2025 | |
| Individual | 0.02% | 0.02% | 2024 | |
| Individual | 0.01% | 0.01% | 2024 | |
| Individual | 0.01% | 0.01% | 2025 | |
State Street Bank And Trust Comp | Company | 3.7% | 3.7% | 2024 |
Es Aktiehandel Ab | Company | 1.54% | 1.54% | 2024 |
| Company | 1.42% | 1.42% | 2024 | |
Brown Brothers Harriman & Co. | Company | 1.39% | 1.39% | 2021 |
Jpmorgan Chase Bank, N.A., London | Company | 4.63% | 4.63% | 2024 |
| Company | 0.7% | 0.7% | 2023 | |
| Individual | 0% | 0% | 2024 | |
J.P. Morgan Se | Company | 2.46% | 2.46% | 2024 |
| Company | 12.65% | 12.65% | 2020 | |
| Company | 2.41% | 2.41% | 2024 | |
| Company | 5.76% | 5.76% | 2020 | |
| Company | 0.73% | 0.73% | 2023 | |
Citibank, N.A. | Company | 1.94% | 1.94% | 2024 |
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Company hierarchy
Karbon Invest As33.5174%Carucel Finance As11.85%Stella Industrier As11.3543%Varner Kapital As9.6675%Citibank, N.A.1.93%Barney Invest As1.3%J.P. Morgan Se1.01%Mølle Invest As0.53%Eirikdenhardbalne As0.53%Es Aktiehandel Ab1.54%Holmen Spesialfond1.42%Brown Brothers Harriman & Co.1.39%Carucel N59 As12.65%
Spir Group AS (this company)Ambita As100% ownedSupertakst AS10.2917% ownedEntelligens As64.8121% ownedSimien As12.7611% ownedBoligmappa AS100% ownedAmbita Prospektai AS100% ownedSpir Data As100% ownedBoard network connections
Board members of Spir Group AS also hold positions in 308 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Christian Krag Breddam | Board of Directors | 34 companiesMany roles |
| Jens Rugseth | Board of Directors | 31 companiesMany roles |
| Rolv Erik Ryssdal | Chairman | 30 companiesMany roles |
| Martine Drageset | Board of Directors | 30 companiesMany roles |
| Caroline Brun-Lie Krefting | Board of Directors | 28 companiesMany roles |
| Nicolay Henrik Kaare Moulin | Chief Executive Officer | 22 companiesMany roles |
| Rune Syversen | Board of Directors | 20 companiesMany roles |
| Sigrun Hansen Syverud | Board of Directors | 19 companiesMany roles |
| Per Haakon Lomsdalen | Chief Executive Officer | 16 companiesMany roles |
| August Fredrik Gustaf Cappelen | Board of Directors | 16 companiesMany roles |
| Torbjørn Giskeødegård Krøvel | Board of Directors | 15 companiesMany roles |
| Espen Karlsen | Observer | 13 companiesMany roles |
| Preben Rasch-Olsen | Board of Directors | 11 companiesMany roles |
| Torstein Harildstad | Chairman | 9 companiesMany roles |
| Are Andenæs Huser | Board of Directors | 9 companiesMany roles |
| Monica Beate Tvedt | Board of Directors | 5 companies |
Frequently asked questions
What is the Org number of Spir Group AS?
Spir Group AS is registered with Brønnøysundsregistrene under Org 823843542.
What is the revenue of Spir Group AS?
Spir Group AS reported revenue of NOK 38.2m in 2025.
How many employees does Spir Group AS have?
Spir Group AS employs 14 people as of the latest annual report.
Who is the CEO of Spir Group AS?
Per Haakon Lomsdalen is the CEO of Spir Group AS, in role since 2023.
Who is the chairman of Spir Group AS?
Rolv Erik Ryssdal chairs the board of Spir Group AS, in role since 2022.
Where is Spir Group AS headquartered?
Spir Group AS's registered address is Dronning Mauds Gate 10.