Vantive AS
ASActiveOrg 932257645Nydalsveien 33, 0484 OsloComputer programming activities· NACE 6210Est. 2023 · 3 years old10 employees
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Overview
Vantive AS is a Norwegian AS based in Oslo, operating in the Computer programming activities sector. Incorporated in 2023, the company has 10 employees and reported revenue of NOK 155.3m in its latest annual filing.
Revenue 2025
155.3M NOK
+55% vs 2024
EBITDA margin
5.0 %
+30% vs 2024
Net profit 2025
6M NOK
+71% vs 2024
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
23.6 %
WeakAmong the 40% lowest rated companies in the industry
20242025
Liquidity ratioCurrent assets ÷ Short-term debt
1.2×
AverageAround the average of companies in the same industry
20242025
Return on assets (ROA)Net profit ÷ Total assets × 100
5.6 %
StrongAmong the 40% highest rated companies in the industry
20242025
EBITDA — year on year
NOK thousandsKey figures
Annual report 2025| Revenue | 155.3M NOK | +55% |
| EBITDA | 7.8M NOK | +30% |
| Net profit | 6M NOK | +71% |
| Total assets | 106.8M NOK | +27% |
| Equity | 25.3M NOK | +31% |
| Employees | 10 | — |
Company information
Legal name
VANTIVE AS
Org number
932257645
Legal form
Aksjeselskap
NACE code
Founded
28 August 2023 · 3 years
Share capital
NOK 4,591,132
Employees
10 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2025-12-31
Financial year
January – December
Signatory rights
Styrets medlemmer hver for seg.
Company purpose
Produsere, utvikle, importere, eksportere, kjøpe, selge, lisensiere, markedsføre, distribuere, levere, reparere, installere, programmere og vedlikeholde i sitt eget navn og for sin egen regning, eller som salgsrepresentant eller kommisjonær/handelsagent, helseprodukter, legemidler, medisinsk utstyr og relaterte terapier, produkter og tjenester b) være et holdingselskap for enheter som produserer, importerer, eksporterer, kjøper, selger, lisensierer, markedsfører, distribuerer, leverer, reparerer, installerer, programmerer og vedlikeholder helseprodukter, legemidler, medisinsk utstyr og relaterte terapier, produkter og tjenester c) etablere, delta i, drive ledelsen av og ta annen økonomisk interesse i andre selskaper og/eller virksomheter d)etablere filialer og representasjonskontorer e) levere administrativ, teknisk, rådgivende eller ledelsesrelaterte tjenester til andre selskaper eller virksomheter f) erverve, avhende, forvalte og utnytte fast eiendom og løsøre, inkludert patenter, varemerker, lisenser, tillatelser og andre industrielle eiendomsrettigheter utføre alle typer industrielle, kommersielle eller økonomiske handlinger g) yte og utføre alle andre aktiviteter som direkte og indirekte har forbindelse med nevnte formål, alt dette i videst mulig forstand av begrepene.
(no translation available)
Address
Nydalsveien 33, 0484 Oslo
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Financial development
In its most recent annual report (2025), Vantive AS reported revenue of NOK 155.3m, an increase of 55% on the year before. The figures on this page draw on 2 annual filings covering 2024 to 2025. The bottom line showed a net profit of NOK 6.0m, and the EBITDA margin stood at 5%.
At the end of 2025, equity financed 23.6% of the balance sheet, and current assets covered short-term debt 1.2 times.
Financials
Revenue
NOK millionsEBITDA
NOK thousandsIncome statement
NOK thousands| Item | 2025 | 2024 |
|---|---|---|
| Revenue | 155,250 | 100,320 |
| Staff expenses | -0 | -0 |
| EBITDA | 7,763 | 5,978 |
| Depreciation & amort. | -1,752 | -1,748 |
| EBIT | 6,010 | 4,230 |
| Net financials | 1,887 | 405 |
| Profit before tax | 7,898 | 4,635 |
| Tax | -0 | -0 |
| Net profit | 5,985 | 3,506 |
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Balance sheet
NOK thousands| Item | 2025 | 2024 |
|---|---|---|
| Total assets | 106,785 | 83,881 |
| Equity | 25,253 | 19,268 |
| Long-term debt | 0 | 0 |
| Short-term debt | 81,532 | 64,614 |
| Total debt | 81,532 | 64,614 |
Financial ratios
5-year trendEBITDA margin
5.0 %
20242025
Equity ratio
23.6 %
WeakAmong the 40% lowest rated companies in the industry
20242025
Return on equity
23.7 %
StrongAmong the 40% highest rated companies in the industry
20242025
Net profit margin
3.9 %
AverageAround the average of companies in the same industry
20242025
Asset turnover
1.45×
StrongAmong the 30% highest rated companies in the industry
20242025
Debt / equity
3.23×
Very weakAmong the 20% lowest rated companies in the industry
20242025
Sector performance
28 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 marginAverage
Around the average of companies in the same 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 marginAverage
Around the average of companies in the same 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 40% 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)Strong
Among the 40% 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 40% 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)Strong
Among the 40% 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 ratioStrong
Among the 40% 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 ratioAverage
Around the average of companies in the same 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 ratioAverage
Around the average of companies in the same 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 ratioVery weak
Among the 20% 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 weak
Among the 20% 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 capitalAverage
Around the average of companies in the same 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 strong
Among the 20% highest 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 debtAverage
Around the average of companies in the same industry
Profit relative to debt — the ability to create earnings while operating with debt.
EBITDA to debtStrong
Among the 40% highest rated companies in the industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest coverageStrong
Among the 30% highest rated companies in the industry
The ability to pay the interest on the company's debt out of its earnings.
Interest rate on debtAverage
Around the average of companies in the same industry
Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.
Interest marginStrong
Among the 40% 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.
Inventory turnoverWeak
Among the 40% lowest rated companies in the industry
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.
Equity to contributed capitalAverage
Around the average of companies in the same industry
Total equity relative to the capital the owners contributed — how the equity has developed from its starting point.
One-year change in equityStrong
Among the 30% highest rated companies in the industry
The size of this year's increase or decrease in the company's equity.
One-year change in debtWeak
Among the 40% lowest rated companies in the industry
The size of this year's increase or decrease in the company's debt.
Annual reports & filings
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (1) | ||
ES Chief Executive Officer | Chief Executive Officer | 2023 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (3) | ||
ES Chairman | Chairman | 2023 |
TP Board of Directors | Board of Directors | 2026 |
EM Board of Directors | Board of Directors | 2025 |
Former (1)
MM Board of Directors | Board of Directors | 2024 – 2025 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
Vantive Holding Bv | Company | 100% | 100% | 2025 |
Vantive Holding Bv | Company | 100% | 100% | 2024 |
Baxter Netherlands Holding Bv | Company | 100% | 100% | 2023 |
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Company hierarchy
Vantive Holding Bv100%Baxter Netherlands Holding Bv100%
Vantive AS (this company)Board network connections
Board members of Vantive AS also hold positions in 3 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Erik Sandberg | Chief Executive Officer | 2 companies |
| Michal Maciej Smialek | Board of Directors | 1 company |
Frequently asked questions
What is the Org number of Vantive AS?
Vantive AS is registered with Brønnøysundsregistrene under Org 932257645.
What is the revenue of Vantive AS?
Vantive AS reported revenue of NOK 155.3m in 2025.
How many employees does Vantive AS have?
Vantive AS employs 10 people as of the latest annual report.
Who is the CEO of Vantive AS?
Erik Sandberg is the CEO of Vantive AS.
Who is the chairman of Vantive AS?
Erik Sandberg chairs the board of Vantive AS.
Where is Vantive AS headquartered?
Vantive AS's registered address is Nydalsveien 33.