Sentinel Software AS
ASDissolvedOrg 979291248Professor Brochs Gate 12, 7030 TrondheimOther software publishing· NACE 5829Est. 1997 · 29 years old26 employeeshttps://www.sentinel.no
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Overview
Sentinel Software AS is a Norwegian AS based in Trondheim, operating in the Other software publishing sector. Incorporated in 1997, the company has 26 employees and reported revenue of NOK 34.4m in its latest annual filing.
Revenue 2024
34.4M NOK
−21% vs 2023
EBITDA margin
−3.7 %
−129% vs 2023
Net profit 2024
-16.4M NOK
+42% vs 2023
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
-4.9 %
WeakAmong the 30% lowest rated companies in the industry
20202024
Liquidity ratioCurrent assets ÷ Short-term debt
0.6×
WeakAmong the 30% lowest rated companies in the industry
20202024
Return on assets (ROA)Net profit ÷ Total assets × 100
-24.3 %
WeakAmong the 30% lowest rated companies in the industry
20202024
EBITDA — year on year
NOK thousandsKey figures
Annual report 2024| Revenue | 34.4M NOK | -21% |
| EBITDA | -1.3M NOK | -129% |
| Net profit | -16.4M NOK | +42% |
| Total assets | 67.4M NOK | -3% |
| Equity | -3.3M NOK | -33% |
| Employees | 26 | — |
Company information
Legal name
SENTINEL SOFTWARE AS
Org number
979291248
Legal form
Aksjeselskap
NACE code
5829 · Other software publishing
Founded
25 September 1997 · 29 years
Share capital
NOK 199,965
Employees
26 (FTE)
VAT registered
No
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Contact
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Financial development
In its most recent annual report (2024), Sentinel Software AS reported revenue of NOK 34.4m, a decrease of 21% on the year before. The figures on this page draw on 5 annual filings covering 2020 to 2024. The bottom line showed a net loss of NOK 16.4m, and the EBITDA margin stood at -3.7%.
At the end of 2024, current assets covered short-term debt 0.6 times.
Financials
Revenue
NOK millionsEBITDA
NOK thousandsIncome statement
NOK thousands| Item | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Revenue | 34,374 | 43,503 | 36,456 | 34,654 | 32,002 |
| Staff expenses | -21,490 | -22,357 | -18,501 | -18,933 | -15,390 |
| EBITDA | -1,282 | 4,410 | 2,113 | 2,942 | 6,813 |
| Depreciation & amort. | -16,160 | -37,203 | -15,012 | -13,540 | -9,157 |
| EBIT | -17,443 | -32,793 | -12,899 | -10,598 | -2,344 |
| Net financials | 0 | 0 | 0 | 0 | -1,194 |
| Profit before tax | -21,029 | -36,076 | -15,150 | -11,999 | -3,538 |
| Tax | -4,613 | -7,974 | -3,333 | -2,654 | -769 |
| Net profit | -16,416 | -28,102 | -11,817 | -9,345 | -2,769 |
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Balance sheet
NOK thousands| Item | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Total assets | 67,427 | 69,205 | 77,203 | 71,756 | 61,691 |
| Equity | -3,276 | -2,459 | 12,499 | 11,969 | 12,339 |
| Long-term debt | 0 | 59,026 | 55,188 | 52,791 | 43,382 |
| Short-term debt | 70,702 | 12,638 | 9,515 | 6,997 | 5,970 |
| Total debt | 70,702 | 71,664 | 64,704 | 59,787 | 49,352 |
Financial ratios
5-year trendEBITDA margin
-3.7 %
20202024
Equity ratio
-4.9 %
WeakAmong the 30% lowest rated companies in the industry
20202024
Return on equity
—
20202024
Net profit margin
-47.8 %
Very weakAmong the 20% lowest rated companies in the industry
20202024
Asset turnover
0.51×
WeakAmong the 40% lowest rated companies in the industry
20202024
Debt / equity
—
20202024
Sector performance
19 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 weak
Among the 20% 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 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.
Basic earning power (BEP)Weak
Among the 30% 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.
Return on equity (ROE)Not rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Net profit as a percentage of equity — the return the owners earned on their invested capital this year.
Return on net assets (RONA)Not rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Profit relative to net assets (total assets minus total debt) — the ability to generate earnings from the net asset base alone.
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 ratioAverage
Around the average of companies in the same industry
Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.
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.
Current assets to equityNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
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 capitalNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
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.
Debt & solvency
Solidity ratioWeak
Among the 30% 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 30% 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.
Income to debtWeak
Among the 30% lowest rated companies in the industry
Profit relative to debt — the ability to create earnings while operating with debt.
EBITDA to debtAverage
Around the average of companies in the same industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest rate on debtVery strong
Among the 10% highest rated companies in the industry
Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.
Interest marginWeak
Among the 30% 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 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.
Liabilities to equityNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.
Interest coverageNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
The ability to pay the interest on the company's debt out of its earnings.
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 weak
Among the 10% lowest 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 debtAverage
Around the average of companies in the same 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.
One-year change in equityNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
The size of this year's increase or decrease in the company's equity.
Annual reports & filings
- 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 2021-01-01 – 2021-12-31
- Annual report 2020Filed via Brønnøysundsregistrene · Period 2020-01-01 – 2020-12-31
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|
Former (3)
ØS Chief Executive Officer | Chief Executive Officer | 2022 – 2024 |
JL Chief Executive Officer | Chief Executive Officer | 2024 – 2025 |
EN Chief Executive Officer | Chief Executive Officer | 1997 – 2021 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (2) | ||
JM Board of Directors | Board of Directors | 2023 |
JR Chairman | Chairman | 2023 |
Former (7)
EA Board of Directors | Board of Directors | 2019 – 2022 |
RS Chairman | Chairman | 2019 – 2023 |
SE Board of Directors | Board of Directors | 2019 – 2023 |
SE Board of Directors | Board of Directors | 2024 – 2025 |
SM Board of Directors | Board of Directors | 2019 – 2022 |
EM Board of Directors | Board of Directors | 2019 – 2025 |
PO Board of Directors | Board of Directors | 2023 – 2024 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 100% | 100% | 2020 |
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Related companies
Company hierarchy
Vend Marketplaces As
Sentinel Software AS Board network connections
Board members of Sentinel Software AS also hold positions in 65 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Jacob Lunn Lassen | Chief Executive Officer | 17 companiesMany roles |
| Ruben Søgaard | Chairman | 12 companiesMany roles |
| Per Ola Sneve | Board of Directors | 10 companiesMany roles |
| Eljar Ness | Chief Executive Officer | 7 companiesMany roles |
| Øyvind Strøm | Chief Executive Officer | 4 companies |
| Erik Andresen | Board of Directors | 4 companies |
| John Robin Lundgren | Chairman | 3 companies |
| Stig Morten Nilsen | Board of Directors | 3 companies |
| Svein Erik Talberg Jenset | Board of Directors | 2 companies |
| Eirik Morstad Håstein | Board of Directors | 2 companies |
| Jessica Maria Noren | Board of Directors | 1 company |
Frequently asked questions
What is the Org number of Sentinel Software AS?
Sentinel Software AS is registered with Brønnøysundsregistrene under Org 979291248.
What is the revenue of Sentinel Software AS?
Sentinel Software AS reported revenue of NOK 34.4m in 2024.
How many employees does Sentinel Software AS have?
Sentinel Software AS employs 26 people as of the latest annual report.
Who is the chairman of Sentinel Software AS?
John Robin Lundgren chairs the board of Sentinel Software AS, in role since 2023.
Where is Sentinel Software AS headquartered?
Sentinel Software AS's registered address is Professor Brochs Gate 12.