Pulse AS

ASActive

Org 922264678Rådhusgata 23B, 0158 OsloComputer consultancy and computer facilities management activities· NACE 6220Est. 2019 · 7 years old0 employees

Overview

Pulse AS is a Norwegian AS based in Oslo, operating in the Computer consultancy and computer facilities management activities sector. Incorporated in 2019, the company has 0 employees and reported revenue of NOK 482.3k in its latest annual filing.

Revenue 2025

482.3K NOK

−3% vs 2024

EBITDA margin

29.6 %

−29% vs 2024

Net profit 2025

134.7K NOK

-30% vs 2024

Key ratios

See full ratios →

67.9 %

Average

Around the average of companies in the same industry

20212025

3.1×

Strong

Among the 40% highest rated companies in the industry

20212025

35.6 %

Very strong

Among the 20% highest rated companies in the industry

20212025

EBITDA — year on year

NOK thousands

Key figures

Annual report 2025

Revenue	482.3K NOK	-3%
EBITDA	142.7K NOK	-29%
Net profit	134.7K NOK	-30%
Total assets	378.7K NOK	+37%
Equity	257.2K NOK	+110%
Employees	0	—

Financial development

In its most recent annual report (2025), Pulse AS reported revenue of NOK 482.3k, a decrease of 3% on the year before. The figures on this page draw on 5 annual filings covering 2021 to 2025. The bottom line showed a net profit of NOK 134.7k, and the EBITDA margin stood at 29.6%.

At the end of 2025, equity financed 67.9% of the balance sheet, and current assets covered short-term debt 3.1 times.

Financials

Revenue

NOK thousands

EBITDA

NOK thousands

Income statement

NOK thousands

Item	2025	2024	2023	2022	2021
Revenue	482	496	464	463	849
Staff expenses	-0	-0	-13	-0	-0
EBITDA	143	201	-410	-98	476
Depreciation & amort.	-8	-8	-6	-0	-0
EBIT	135	193	-416	-98	476
Net financials	-0	-0	-0	-0	-0
Profit before tax	135	193	-416	-99	476
Tax	-0	-0	-0	-0	106
Net profit	135	193	-416	-99	370

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Balance sheet

NOK thousands

Item	2025	2024	2023	2022	2021
Total assets	379	275	182	621	716
Equity	257	122	-70	346	444
Long-term debt	0	0	0	0	0
Short-term debt	122	153	252	275	271
Total debt	122	153	252	275	271

Financial ratios

5-year trend

EBITDA margin

29.6 %

20212025

Equity ratio

67.9 %

Average

Around the average of companies in the same industry

20212025

Return on equity

52.4 %

Strong

Among the 30% highest rated companies in the industry

20212025

Net profit margin

27.9 %

Strong

Among the 30% highest rated companies in the industry

20212025

Asset turnover

1.27×

Strong

Among the 30% highest rated companies in the industry

20212025

Debt / equity

0.47×

Average

Around the average of companies in the same industry

20212025

Sector performance

27 of 28 ratios graded

28 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 marginStrong

Among the 30% highest 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 marginStrong

Among the 30% 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 20% 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)Very strong

Among the 20% highest rated companies in the industry

EBIT relative to total assets — the company's earning power before the effects of tax and financial leverage.

Capacity ratioVery strong

Among the 20% highest rated companies in the 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 ratioStrong

Among the 40% highest 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 ratioStrong

Among the 40% highest 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 ratioStrong

Among the 30% highest rated companies in the industry

Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.

Current assets to equityWeak

Among the 40% lowest 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 capitalStrong

Among the 30% highest 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 ratioStrong

Among the 40% highest rated companies in the industry

Cash flow relative to profit — the ability to convert reported profits into accessible cash.

Debt & solvency

Solidity ratioAverage

Around the average of companies in the same 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 40% 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 equityAverage

Around the average of companies in the same 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 20% highest rated companies in the industry

Profit relative to debt — the ability to create earnings while operating with debt.

EBITDA to debtVery strong

Among the 20% highest rated companies in the industry

EBITDA relative to debt — how much operating earnings are available to service the debt.

Interest coverageVery strong

Among the 10% highest rated companies in the industry

The ability to pay the interest on the company's debt out of its earnings.

Interest rate on debtStrong

Among the 30% highest 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 turnoverStrong

Among the 30% highest rated companies in the industry

Revenue relative to total assets — the ability to generate revenue from the asset base.

Equity to contributed capitalStrong

Among the 40% 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 debtStrong

Among the 30% 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 2025
Filed via Brønnøysundsregistrene · Period 2025-01-01 – 2025-12-31
View PDF
Annual report 2024
Filed via Brønnøysundsregistrene · Period 2024-01-01 – 2024-12-31
View PDF
Annual report 2023
Filed via Brønnøysundsregistrene · Period 2023-01-01 – 2023-12-31
View PDF
Annual report 2022
Filed via Brønnøysundsregistrene · Period 2022-01-01 – 2022-12-31
View PDF
Annual report 2021
Filed via Brønnøysundsregistrene · Period 2021-01-01 – 2021-12-31
View PDF

People & ownership

Management

Actively employed in the business

No data on file.

Board of directors

Non-executive oversight

Name	Role	Member since
Current (2)
ØB Øyvind Bjelland Chairman	Chairman	2019
FA Fred Arne Bakken Board of Directors	Board of Directors	2019

Shareholders

Active legal owners

No shareholder data available.

One in three Danish companies experiences fraud

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Related companies

Company hierarchy

No registered parent or subsidiaries

Board network connections

Board members of Pulse AS also hold positions in 11 other companies.

Person	Role here	Other companies
Fred Arne Bakken	Board of Directors	10 companiesMany roles
Øyvind Bjelland	Chairman	1 company

Frequently asked questions

What is the Org number of Pulse AS?

Pulse AS is registered with Brønnøysundsregistrene under Org 922264678.

What is the revenue of Pulse AS?

Pulse AS reported revenue of NOK 482.3k in 2025.

Who is the chairman of Pulse AS?

Øyvind Bjelland chairs the board of Pulse AS.

Where is Pulse AS headquartered?

Pulse AS's registered address is Rådhusgata 23B.