Appn AS
ASActiveOrg 927168480Furusethgata 5, 2050 JessheimComputer programming activities· NACE 6210Est. 2021 · 5 years old1-4 employees
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Overview
Appn AS is a Norwegian AS based in Jessheim, operating in the Computer programming activities sector. Incorporated in 2021, the company reported revenue of NOK 458.8k in its latest annual filing.
Revenue 2025
0.5M NOK
+2197% vs 2024
EBITDA margin
−484.5 %
−157% vs 2024
Net profit 2025
-2.7M NOK
-188% vs 2024
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
101.4 %
Very strongAmong the 10% highest rated companies in the industry
20212025
Liquidity ratioCurrent assets ÷ Short-term debt
-19.6×
20212025
Return on assets (ROA)Net profit ÷ Total assets × 100
-31.5 %
WeakAmong the 30% lowest rated companies in the industry
20212025
EBITDA — year on year
NOK thousandsKey figures
Annual report 2025| Revenue | 0.5M NOK | +2197% |
| EBITDA | -2.2M NOK | -157% |
| Net profit | -2.7M NOK | -188% |
| Total assets | 8.6M NOK | +29% |
| Equity | 8.8M NOK | +48% |
| Employees | — | — |
Company information
Legal name
APPN AS
Org number
927168480
Legal form
Aksjeselskap
NACE code
Founded
4 May 2021 · 5 years
Share capital
NOK 6,050,000
Employees
1-4
VAT registered
Yes
Audit selected
No
Last report
2025-12-31
Financial year
January – December
Company purpose
Utvikling, salg og vedlikehold av programvare (apper) og andre produkter/tjenester som naturlig hører til dette, herunder å delta i andre selskap med lignende virksomhet, og kjøp og salg av aksjer eller på annen måte gjøre seg interessert i andre foretak. Selskapet kan også drive med kjøp/drift av fast eiendom.
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Address
Furusethgata 5, 2050 Jessheim
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Financial development
In its most recent annual report (2025), Appn AS reported revenue of NOK 458.8k, an increase of 2197% on the year before. The figures on this page draw on 5 annual filings covering 2021 to 2025. The bottom line showed a net loss of NOK 2.7m, and the EBITDA margin stood at -484.5%.
At the end of 2025, equity financed 101.4% of the balance sheet.
Financials
Revenue
NOK thousandsEBITDA
NOK thousandsIncome statement
NOK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 459 | 20 | 61 | 2 | 0 |
| Staff expenses | -817 | 217 | -0 | -1 | -0 |
| EBITDA | -2,223 | -864 | -658 | -88 | -126 |
| Depreciation & amort. | -627 | -0 | -0 | -0 | -0 |
| EBIT | -2,850 | -864 | -658 | -88 | -126 |
| Net financials | 53 | -0 | 1 | 0 | 0 |
| Profit before tax | -2,797 | -864 | -657 | -88 | -126 |
| Tax | -79 | 79 | -0 | -0 | -0 |
| Net profit | -2,718 | -943 | -657 | -88 | -126 |
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Balance sheet
NOK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total assets | 8,635 | 6,687 | 7,214 | 590 | 144 |
| Equity | 8,757 | 5,929 | 6,873 | 205 | -106 |
| Long-term debt | 0 | 79 | 0 | 0 | 0 |
| Short-term debt | -122 | 679 | 341 | 385 | 250 |
| Total debt | -122 | 758 | 341 | 385 | 250 |
Financial ratios
5-year trendEBITDA margin
-484.5 %
20212025
Equity ratio
101.4 %
Very strongAmong the 10% highest rated companies in the industry
20212025
Return on equity
-31.0 %
Very weakAmong the 20% lowest rated companies in the industry
20212025
Net profit margin
-592.6 %
Very weakAmong the 10% lowest rated companies in the industry
20212025
Asset turnover
0.05×
AverageAround the average of companies in the same industry
20212025
Debt / equity
-0.01×
20212025
Sector performance
20 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Gross marginVery weak
Among the 10% lowest rated companies in the 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 10% 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 weak
Among the 10% lowest 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)Very weak
Among the 20% lowest 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)Weak
Among the 30% lowest 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)Very weak
Among the 20% lowest 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 weak
Among the 20% lowest rated companies in the industry
EBIT relative to total assets — the company's earning power before the effects of tax and financial leverage.
Capacity ratioWeak
Among the 40% lowest 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 assets to equityVery strong
Among the 20% 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 capitalWeak
Among the 40% 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 ratioWeak
Among the 30% lowest rated companies in the industry
Cash flow relative to profit — the ability to convert reported profits into accessible cash.
Current ratioNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
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 ratioNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
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 ratioNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.
Debt & solvency
Solidity ratioVery strong
Among the 10% 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.
Liabilities to equityVery strong
Among the 10% highest rated companies in the industry
Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.
Interest coverageVery weak
Among the 10% lowest 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 40% highest rated companies in the industry
Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.
Interest marginVery weak
Among the 20% lowest 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.
Debt ratioNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Total debt relative to the balance-sheet total — the share of the assets financed by debt rather than equity.
Debt to equityNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.
Income to debtNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Profit relative to debt — the ability to create earnings while operating with debt.
EBITDA to debtNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
EBITDA relative to debt — how much operating earnings are available to service the debt.
Efficiency & development
Asset turnoverAverage
Around the average of companies in the same industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
Equity to contributed capitalStrong
Among the 30% 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 10% 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 2021Filed via Brønnøysundsregistrene · Period 2021-05-04 – 2021-12-31
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (1) | ||
RØ Chief Executive Officer | Chief Executive Officer | 2025 |
Former (1)
AD Chief Executive Officer | Chief Executive Officer | 2024 – 2025 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (1) | ||
KH Chairman | Chairman | 2024 |
Former (4)
EØ Board of Directors | Board of Directors | 2025 – 2026 |
AW Board of Directors | Board of Directors | 2024 – 2025 |
AD Chairman | Chairman | 2021 – 2024 |
GS Board of Directors | Board of Directors | 2025 – 2026 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 14.75% | 14.75% | 2025 | |
| Company | 11.4% | 11.4% | 2025 | |
| Individual | 11.19% | 11.19% | 2025 | |
| Company | 7.89% | 7.89% | 2025 | |
| Company | 5.29% | 5.29% | 2025 | |
| Company | 5.17% | 5.17% | 2025 | |
| Individual | 4.28% | 4.28% | 2025 | |
| Company | 3.96% | 3.96% | 2025 | |
| Company | 2.86% | 2.86% | 2025 | |
| Individual | 2.74% | 2.74% | 2025 | |
| Company | 2.34% | 2.34% | 2025 | |
| Company | 2.03% | 2.03% | 2025 | |
| Individual | 2.01% | 2.01% | 2025 | |
| Company | 2% | 2% | 2025 | |
| Company | 1.96% | 1.96% | 2025 | |
| Individual | 1.87% | 1.87% | 2025 | |
| Company | 1.75% | 1.75% | 2025 | |
| Company | 1.48% | 1.48% | 2025 | |
| Company | 1.38% | 1.38% | 2025 | |
| Individual | 1.2% | 1.2% | 2025 | |
| Individual | 18.63% | 18.63% | 2022 |
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Appn AS (this company)Board network connections
Board members of Appn AS also hold positions in 64 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Anders Westgaard | Board of Directors | 18 companiesMany roles |
| Raymond Øverlie | Chief Executive Officer | 16 companiesMany roles |
| Klaus Henrik Wiese-Hansen | Chairman | 10 companiesMany roles |
| Elisabeth Østby | Board of Directors | 9 companiesMany roles |
| Anette Djuvstad | Chief Executive Officer | 7 companiesMany roles |
| Gunnar Solvang | Board of Directors | 4 companies |
Frequently asked questions
What is the Org number of Appn AS?
Appn AS is registered with Brønnøysundsregistrene under Org 927168480.
What is the revenue of Appn AS?
Appn AS reported revenue of NOK 458.8k in 2025.
Who is the CEO of Appn AS?
Raymond Øverlie is the CEO of Appn AS, in role since 2025.
Who is the chairman of Appn AS?
Klaus Henrik Wiese-Hansen chairs the board of Appn AS, in role since 2024.
Where is Appn AS headquartered?
Appn AS's registered address is Furusethgata 5.