Ørn Software AS
ASActiveOrg 979443471Skonnertvegen 10, 7053 RanheimComputer programming activities· NACE 6210Est. 1997 · 29 years old44 employeeshttps://www.view.no
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Overview
Ørn Software AS is a Norwegian AS based in Ranheim, operating in the Computer programming activities sector. Incorporated in 1997, the company has 44 employees and reported revenue of NOK 181.2m in its latest annual filing.
Revenue 2025
181.2M NOK
+2% vs 2024
EBITDA margin
36.8 %
+38% vs 2024
Net profit 2025
-37.4M NOK
-5% vs 2024
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
44.6 %
AverageAround the average of companies in the same industry
20212025
Liquidity ratioCurrent assets ÷ Short-term debt
0.5×
Very weakAmong the 20% lowest rated companies in the industry
20212025
Return on assets (ROA)Net profit ÷ Total assets × 100
-10.8 %
WeakAmong the 40% lowest rated companies in the industry
20212025
EBITDA — year on year
NOK millionsKey figures
Annual report 2025| Revenue | 181.2M NOK | +2% |
| EBITDA | 66.8M NOK | +38% |
| Net profit | -37.4M NOK | -5% |
| Total assets | 345.2M NOK | -48% |
| Equity | 153.8M NOK | +2364% |
| Employees | 44 | — |
Company information
Legal name
ØRN SOFTWARE AS
Org number
979443471
Legal form
Aksjeselskap
NACE code
Founded
30 September 1997 · 29 years
Share capital
NOK 14,371,784
Employees
44 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2025-12-31
Financial year
January – December
Signatory rights
To styremedlemmer i fellesskap eller ett styremedlem og daglig leder i fellesskap.
Company purpose
Salg, utvikling og konsulentvirksomhet innen programvare.
(no translation available)
Contact
Risika for professionals
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), Ørn Software AS reported revenue of NOK 181.2m, an increase of 2% 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 37.4m, and the EBITDA margin stood at 36.8%.
At the end of 2025, equity financed 44.6% 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 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 181,240 | 177,033 | 166,907 | 97,943 | 89,098 |
| Staff expenses | -28,025 | -45,053 | -53,445 | -74,680 | -51,956 |
| EBITDA | 66,785 | 48,522 | 33,220 | -21,743 | -1,271 |
| Depreciation & amort. | -55,468 | -53,687 | -55,986 | -40,362 | -25,658 |
| EBIT | 11,317 | -5,166 | -22,766 | -62,105 | -26,930 |
| Net financials | -56,672 | -37,904 | -215,705 | -40,583 | -1,530 |
| Profit before tax | -45,355 | -43,070 | -238,471 | -102,688 | -28,460 |
| Tax | -7,948 | -7,342 | -6,431 | -16,553 | -9,158 |
| Net profit | -37,407 | -35,728 | -232,041 | -86,135 | -19,302 |
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Balance sheet
NOK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total assets | 345,206 | 659,139 | 681,957 | 874,550 | 780,331 |
| Equity | 153,837 | 6,244 | 41,972 | 311,904 | 329,561 |
| Long-term debt | 1,425 | 9,159 | 17,451 | 11,247 | 406,343 |
| Short-term debt | 189,944 | 643,736 | 622,534 | 551,399 | 44,427 |
| Total debt | 191,369 | 652,895 | 639,985 | 562,646 | 450,770 |
Financial ratios
5-year trendEBITDA margin
36.8 %
20212025
Equity ratio
44.6 %
AverageAround the average of companies in the same industry
20212025
Return on equity
-24.3 %
WeakAmong the 30% lowest rated companies in the industry
20212025
Net profit margin
-20.6 %
WeakAmong the 30% lowest rated companies in the industry
20212025
Asset turnover
0.53×
AverageAround the average of companies in the same industry
20212025
Debt / equity
1.24×
WeakAmong the 40% lowest rated companies in the industry
20212025
Sector performance
28 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Gross marginWeak
Among the 30% 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 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 marginWeak
Among the 30% 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)Weak
Among the 30% 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 40% 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)Weak
Among the 30% 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)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 ratioVery weak
Among the 20% 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 ratioVery weak
Among the 20% 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 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 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 10% 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 ratioVery weak
Among the 10% lowest 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 ratioAverage
Around the average of companies in the same industry
Total debt relative to the balance-sheet total — the share of the assets financed by debt rather than equity.
Debt to equityWeak
Among the 40% 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 equityWeak
Among the 40% 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 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 debtStrong
Among the 30% highest rated companies in the industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest coverageAverage
Around the average of companies in the same 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 marginWeak
Among the 40% 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.
Inventory turnoverVery weak
Among the 10% 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 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 10% 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.
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 2021-01-01 – 2021-12-31
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (2) | ||
JK Chief Executive Officer | Chief Executive Officer | 2024 |
AK Chief Executive Officer | Chief Executive Officer | 2024 |
Former (3)
VA Chief Executive Officer | Chief Executive Officer | 2024 – 2024 |
FK Chief Executive Officer | Chief Executive Officer | 2023 – 2024 |
SK Chief Executive Officer | Chief Executive Officer | 2018 – 2024 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (2) | ||
MM Chairman | Chairman | 2024 |
AK Board of Directors | Board of Directors | 2024 |
Former (8)
AL Board of Directors | Board of Directors | 2021 – 2022 |
BL Board of Directors | Board of Directors | 2021 – 2022 |
TW Board of Directors | Board of Directors | 2021 – 2022 |
JW Chairman | Chairman | 2021 – 2022 |
JF Chairman | Chairman | 2022 – 2024 |
EF Board of Directors | Board of Directors | 2021 – 2022 |
HH Board of Directors | Board of Directors | 2022 – 2024 |
SK Board of Directors | Board of Directors | 2022 – 2024 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 100% | 100% | 2023 | |
| Company | 100% | 100% | 2020 |
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Related companies
Company hierarchy
Eg Norge As
Ørn Software AS Board network connections
Board members of Ørn Software AS also hold positions in 202 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Erik Fjellvær Hagen | Board of Directors | 85 companiesMany roles |
| Henrik Hansen | Board of Directors | 26 companiesMany roles |
| Sten-Roger Karlsen | Chief Executive Officer | 19 companiesMany roles |
| Anne Lise Waal | Board of Directors | 11 companiesMany roles |
| Michael Moyell Juul | Chairman | 11 companiesMany roles |
| Joar Welde | Chairman | 10 companiesMany roles |
| Vidar Andre Løken | Chief Executive Officer | 9 companiesMany roles |
| Johnny Fabricius Iversen | Chairman | 9 companiesMany roles |
| Berit Lid Scharff | Board of Directors | 7 companiesMany roles |
| Terje Wibe | Board of Directors | 7 companiesMany roles |
| Frederik Kirchheiner Boenæs | Chief Executive Officer | 5 companies |
| Jesper Klug Korsgaard | Chief Executive Officer | 2 companies |
| Ann Kristin Berg | Chief Executive Officer | 1 company |
Frequently asked questions
What is the Org number of Ørn Software AS?
Ørn Software AS is registered with Brønnøysundsregistrene under Org 979443471.
What is the revenue of Ørn Software AS?
Ørn Software AS reported revenue of NOK 181.2m in 2025.
How many employees does Ørn Software AS have?
Ørn Software AS employs 44 people as of the latest annual report.
Who is the CEO of Ørn Software AS?
Jesper Klug Korsgaard is the CEO of Ørn Software AS, in role since 2024.
Who is the chairman of Ørn Software AS?
Michael Moyell Juul chairs the board of Ørn Software AS, in role since 2024.
Where is Ørn Software AS headquartered?
Ørn Software AS's registered address is Skonnertvegen 10.