Manta Technologies AS
ASActiveOrg 930906654Tjuvholmen Allé 1, 0252 OsloComputer programming activities· NACE 6210Est. 2023 · 3 years old43 employees
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Overview
Manta Technologies AS is a Norwegian AS based in Oslo, operating in the Computer programming activities sector. Incorporated in 2023, the company has 43 employees and reported revenue of NOK 36.6m in its latest annual filing.
Revenue 2025
36.6M NOK
+445% vs 2024
EBITDA margin
−132.9 %
−129% vs 2024
Net profit 2025
-76.9M NOK
-152% vs 2024
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
19.3 %
WeakAmong the 40% lowest rated companies in the industry
20232025
Liquidity ratioCurrent assets ÷ Short-term debt
0.5×
WeakAmong the 30% lowest rated companies in the industry
20232025
Return on assets (ROA)Net profit ÷ Total assets × 100
-74.1 %
Very weakAmong the 20% lowest rated companies in the industry
20232025
EBITDA — year on year
NOK millionsKey figures
Annual report 2025| Revenue | 36.6M NOK | +445% |
| EBITDA | -48.7M NOK | -129% |
| Net profit | -76.9M NOK | -152% |
| Total assets | 103.7M NOK | +110% |
| Equity | 20M NOK | -49% |
| Employees | 43 | — |
Company information
Legal name
MANTA TECHNOLOGIES AS
Org number
930906654
Legal form
Aksjeselskap
NACE code
Founded
10 February 2023 · 3 years
Share capital
NOK 76,055
Employees
43 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2025-12-31
Financial year
January – December
Company purpose
Design, utvikling og salg av digitale løsninger for markedsføring og innholdsproduksjon, rådgivning og konsulentvirksomhet i forbindelse med dette, samt deltakelse i andre selskaper som står i naturlig forbindelse med dette.
(no translation available)
Address
Tjuvholmen Allé 1, 0252 Oslo
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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), Manta Technologies AS reported revenue of NOK 36.6m, an increase of 445% on the year before. The figures on this page draw on 3 annual filings covering 2023 to 2025. The bottom line showed a net loss of NOK 76.9m, and the EBITDA margin stood at -132.9%.
At the end of 2025, equity financed 19.3% of the balance sheet, and current assets covered short-term debt 0.5 times.
Financials
Revenue
NOK millionsEBITDA
NOK millionsIncome statement
NOK thousands| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Revenue | 36,640 | 6,717 | 1,913 |
| Staff expenses | -17,950 | -4,549 | -2,229 |
| EBITDA | -48,693 | -21,239 | -5,502 |
| Depreciation & amort. | -11,173 | -9,238 | -947 |
| EBIT | -59,866 | -30,477 | -6,449 |
| Net financials | -16,984 | -22 | -25 |
| Profit before tax | -76,851 | -30,499 | -6,474 |
| Tax | -0 | -0 | -0 |
| Net profit | -76,851 | -30,499 | -6,474 |
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Balance sheet
NOK thousands| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total assets | 103,731 | 49,312 | 41,388 |
| Equity | 19,988 | 38,908 | 3,592 |
| Long-term debt | 58,730 | 0 | 0 |
| Short-term debt | 25,013 | 10,404 | 37,796 |
| Total debt | 83,743 | 10,404 | 37,796 |
Financial ratios
5-year trendEBITDA margin
-132.9 %
20232025
Equity ratio
19.3 %
WeakAmong the 40% lowest rated companies in the industry
20232025
Return on equity
-384.5 %
Very weakAmong the 10% lowest rated companies in the industry
20232025
Net profit margin
-209.7 %
Very weakAmong the 10% lowest rated companies in the industry
20232025
Asset turnover
0.35×
AverageAround the average of companies in the same industry
20232025
Debt / equity
4.19×
Very weakAmong the 20% lowest rated companies in the industry
20232025
Sector performance
27 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Gross marginVery weak
Among the 20% 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 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 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 10% 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)Very weak
Among the 20% 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 10% 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 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 30% 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 equityStrong
Among the 30% 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 ratioWeak
Among the 30% lowest rated companies in the industry
Cash flow relative to profit — the ability to convert reported profits into accessible cash.
Debt & solvency
Solidity ratioWeak
Among the 40% lowest 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 ratioWeak
Among the 40% lowest 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 equityVery weak
Among the 20% lowest rated companies in the industry
Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.
Liabilities to equityVery weak
Among the 20% lowest rated companies in the industry
Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.
Income to debtVery weak
Among the 20% lowest rated companies in the industry
Profit relative to debt — the ability to create earnings while operating with debt.
EBITDA to debtVery weak
Among the 20% lowest rated companies in the industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest coverageWeak
Among the 40% lowest rated companies in the industry
The ability to pay the interest on the company's debt out of its earnings.
Interest rate on debtVery weak
Among the 10% lowest 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 10% 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.
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 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 weak
Among the 20% lowest rated companies in the industry
The size of this year's increase or decrease in the company's equity.
One-year change in debtVery weak
Among the 10% lowest 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
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (1) | ||
VH Chief Executive Officer | Chief Executive Officer | 2025 |
Former (3)
MN Chief Executive Officer | Chief Executive Officer | 2023 – 2023 |
TM Chief Executive Officer | Chief Executive Officer | 2023 – 2024 |
AA Chief Executive Officer | Chief Executive Officer | 2024 – 2025 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (7) | ||
TE Board of Directors | Board of Directors | 2026 |
SB Board of Directors | Board of Directors | 2025 |
SC Board of Directors | Board of Directors | 2025 |
GM Board of Directors | Board of Directors | 2026 |
AA Chairman | Chairman | 2026 |
KZ Board of Directors | Board of Directors | 2026 |
TM Board of Directors | Board of Directors | 2025 |
Former (4)
MN Chairman | Chairman | 2023 – 2023 |
TM Chairman | Chairman | 2024 – 2025 |
SJ Chairman | Chairman | 2025 – 2026 |
FB Board of Directors | Board of Directors | 2025 – 2026 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 80.67% | 80.67% | 2025 | |
| Company | 4.5% | 4.5% | 2025 | |
| Company | 2.5% | 2.5% | 2025 | |
| Company | 2.09% | 2.09% | 2025 | |
| Company | 1.62% | 1.62% | 2025 | |
| Company | 1.61% | 1.61% | 2025 | |
Richard Kahm | Company | 4.01% | 4.01% | 2024 |
| Company | 1.93% | 1.93% | 2023 | |
| Company | 1.23% | 1.23% | 2024 | |
| Company | 59.15% | 59.15% | 2023 | |
| Company | 3.85% | 3.85% | 2023 | |
| Company | 1.41% | 1.41% | 2024 | |
| Company | 4.29% | 4.29% | 2024 | |
| Company | 3.85% | 3.85% | 2023 | |
| Company | 1.54% | 1.54% | 2023 | |
| Company | 1.16% | 1.16% | 2023 |
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Company hierarchy
Vergence As80.6698%Croc Holding As4.5%Genanse As2.09%Richard Kahm4.01%Martin Unlimited As1.93%Frydenfjeld As1.23%Afh As59.15%Køltzow Holding As3.85%Voile Marketing As1.41%Sianto Invest As4.29%Tres Com As3.85%Try Pluss As1.54%Koarli Holding As1.16%
Manta Technologies AS (this company)Manta Ai AS100% ownedBoard network connections
Board members of Manta Technologies AS also hold positions in 85 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Siv Jensen | Chairman | 23 companiesMany roles |
| Amir Alexander Folkestad Habhab | Chief Executive Officer | 14 companiesMany roles |
| Frida Braadland Rustøen | Board of Directors | 14 companiesMany roles |
| Thomas Meyer | Chief Executive Officer | 9 companiesMany roles |
| Michael Nino Evensen | Chief Executive Officer | 7 companiesMany roles |
| Tom Einar Jensen | Board of Directors | 6 companiesMany roles |
| Tarik Mustedanagic | Board of Directors | 6 companiesMany roles |
| Victor Helgeland | Chief Executive Officer | 2 companies |
| Gro Myking | Board of Directors | 2 companies |
| Stuart Clarke | Board of Directors | 1 company |
| Kristin Zwez | Board of Directors | 1 company |
Frequently asked questions
What is the Org number of Manta Technologies AS?
Manta Technologies AS is registered with Brønnøysundsregistrene under Org 930906654.
What is the revenue of Manta Technologies AS?
Manta Technologies AS reported revenue of NOK 36.6m in 2025.
How many employees does Manta Technologies AS have?
Manta Technologies AS employs 43 people as of the latest annual report.
Who is the CEO of Manta Technologies AS?
Victor Helgeland is the CEO of Manta Technologies AS, in role since 2025.
Who is the chairman of Manta Technologies AS?
Amir Alexander Folkestad Habhab chairs the board of Manta Technologies AS, in role since 2026.
Where is Manta Technologies AS headquartered?
Manta Technologies AS's registered address is Tjuvholmen Allé 1.