Neptune Software AS
ASActiveOrg 997188829Øvre Vollgate 9, 0158 OsloComputer programming activities· NACE 6210Est. 2011 · 15 years old33 employees
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Overview
Neptune Software AS is a Norwegian AS based in Oslo, operating in the Computer programming activities sector. Incorporated in 2011, the company has 33 employees and reported revenue of NOK 18.6m in its latest annual filing.
Revenue 2025
18.6M NOK
+29% vs 2024
EBITDA margin
−3.1 %
+29% vs 2024
Net profit 2025
-0.7M NOK
-256% vs 2024
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
19.2 %
WeakAmong the 40% lowest rated companies in the industry
20212025
Liquidity ratioCurrent assets ÷ Short-term debt
1.0×
WeakAmong the 40% lowest rated companies in the industry
20212025
Return on assets (ROA)Net profit ÷ Total assets × 100
-1.9 %
AverageAround the average of companies in the same industry
20212025
EBITDA — year on year
NOK thousandsKey figures
Annual report 2025| Revenue | 18.6M NOK | +29% |
| EBITDA | -0.6M NOK | +29% |
| Net profit | -0.7M NOK | -256% |
| Total assets | 38.2M NOK | +76% |
| Equity | 7.3M NOK | -11% |
| Employees | 33 | — |
Company information
Legal name
NEPTUNE SOFTWARE AS
Org number
997188829
Legal form
Aksjeselskap
NACE code
Founded
25 July 2011 · 15 years
Share capital
NOK 565,698
Employees
33 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2025-12-31
Financial year
January – December
Signatory rights
To styremedlemmer i fellesskap. Daglig leder og styrets leder i fellesskap.
Company purpose
Å utvikle, markedsføre og selge programvare og relaterte produkter og tjenester, samt alt som står i forbindelse med dette, direkte eller gjennom deltakelse i andre selskaper.
(no translation available)
Contact
Address
Øvre Vollgate 9, 0158 Oslo
Email
support@neptune-software.com
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Financial development
In its most recent annual report (2025), Neptune Software AS reported revenue of NOK 18.6m, an increase of 29% 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 729.0k, and the EBITDA margin stood at -3.1%.
At the end of 2025, equity financed 19.2% of the balance sheet, and current assets covered short-term debt 1 times.
Financials
Revenue
NOK millionsEBITDA
NOK thousandsIncome statement
NOK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 18,602 | 14,445 | 9,585 | 7,198 | 5,908 |
| Staff expenses | -0 | -0 | -0 | -0 | -4,442 |
| EBITDA | -582 | -821 | -1,650 | -5,547 | -1,569 |
| Depreciation & amort. | -44 | -144 | -254 | -322 | -210 |
| EBIT | -626 | -965 | -1,904 | -5,869 | -1,780 |
| Net financials | -364 | 1,553 | 1,078 | 828 | -150 |
| Profit before tax | -990 | 588 | -826 | -5,041 | -1,930 |
| Tax | -0 | -0 | -0 | -0 | -398 |
| Net profit | -729 | 466 | -626 | -3,964 | -1,532 |
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Balance sheet
NOK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total assets | 38,228 | 21,744 | 14,953 | 13,945 | 9,772 |
| Equity | 7,324 | 8,197 | 8,489 | 9,977 | 7,585 |
| Long-term debt | 7,299 | 0 | 0 | 0 | 0 |
| Short-term debt | 23,606 | 13,547 | 6,464 | 3,970 | 2,187 |
| Total debt | 30,905 | 13,547 | 6,464 | 3,970 | 2,187 |
Financial ratios
5-year trendEBITDA margin
-3.1 %
20212025
Equity ratio
19.2 %
WeakAmong the 40% lowest rated companies in the industry
20212025
Return on equity
-10.0 %
WeakAmong the 30% lowest rated companies in the industry
20212025
Net profit margin
-3.9 %
WeakAmong the 40% lowest rated companies in the industry
20212025
Asset turnover
0.49×
AverageAround the average of companies in the same industry
20212025
Debt / equity
4.22×
Very weakAmong the 20% lowest rated companies in the industry
20212025
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 marginWeak
Among the 40% 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 marginWeak
Among the 40% 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)Average
Around the average of companies in the same 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)Average
Around the average of companies in the same 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 40% 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 40% 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 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 capitalWeak
Among the 30% 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 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 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 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 20% lowest rated companies in the industry
Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.
Interest marginAverage
Around the average of companies in the same 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 equityWeak
Among the 40% 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 20% 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
- 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 (1) | ||
AG Chief Executive Officer | Chief Executive Officer | 2017 |
Former (1)
UF Deputy Member | Deputy Member | 2020 – 2022 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (2) | ||
IØ Board of Directors | Board of Directors | 2024 |
AG Chairman | Chairman | 2024 |
Former (11)
KO Board of Directors | Board of Directors | 2020 – 2022 |
BG Board of Directors | Board of Directors | 2022 – 2024 |
LÅ Board of Directors | Board of Directors | 2020 – 2022 |
PO Chairman | Chairman | 2022 – 2023 |
DB Chairman | Chairman | 2020 – 2022 |
OA Board of Directors | Board of Directors | 2020 – 2024 |
NS Board of Directors | Board of Directors | 2020 – 2022 |
MV Board of Directors | Board of Directors | 2024 – 2024 |
JK Chairman | Chairman | 2022 – 2024 |
LB Board of Directors | Board of Directors | 2022 – 2022 |
AR Board of Directors | Board of Directors | 2022 – 2024 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 100% | 100% | 2022 | |
Magnus Ellstrøm | Company | 2.57% | 2.57% | 2021 |
| Individual | 11.27% | 11.27% | 2021 | |
| Individual | 1.08% | 1.08% | 2020 | |
Standout Capital 1 Ab | Company | 31.33% | 31.33% | 2021 |
| Company | 17.38% | 17.38% | 2021 | |
| Company | 3.83% | 3.83% | 2021 | |
| Company | 1.2% | 1.2% | 2021 | |
| Company | 1.19% | 1.19% | 2021 | |
| Company | 20.96% | 20.96% | 2021 | |
| Company | 4.69% | 4.69% | 2020 |
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Company hierarchy
Voyager Holdco As100%
Voyager Bidco As100%Magnus Ellstrøm2.57%Standout Capital 1 Ab31.33%Iapetos As17.38%Sulejewski As3.83%Havo Invest As20.96%Neptune Software As4.69%
Neptune Software AS (this company)Board network connections
Board members of Neptune Software AS also hold positions in 52 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Andreas Grydeland Sulejewski | Chief Executive Officer | 9 companiesMany roles |
| Ole André Haugen | Board of Directors | 8 companiesMany roles |
| Dag Birger Sørsdahl | Chairman | 6 companiesMany roles |
| Njål Stabell | Board of Directors | 5 companies |
| Laila Beate Danielsen | Board of Directors | 5 companies |
| Per Olof Martin Frankling | Chairman | 4 companies |
| Ivar Øystein Blekastad | Board of Directors | 4 companies |
| Klas Olof Hillström | Board of Directors | 3 companies |
| Mathias Vindberg | Board of Directors | 3 companies |
| Jørgen Kirkegaard Raguse | Chairman | 3 companies |
| Björn Goerke | Board of Directors | 2 companies |
Frequently asked questions
What is the Org number of Neptune Software AS?
Neptune Software AS is registered with Brønnøysundsregistrene under Org 997188829.
What is the revenue of Neptune Software AS?
Neptune Software AS reported revenue of NOK 18.6m in 2025.
How many employees does Neptune Software AS have?
Neptune Software AS employs 33 people as of the latest annual report.
Who is the CEO of Neptune Software AS?
Andreas Grydeland Sulejewski is the CEO of Neptune Software AS, in role since 2017.
Who is the chairman of Neptune Software AS?
Andreas Grydeland Sulejewski chairs the board of Neptune Software AS, in role since 2024.
Where is Neptune Software AS headquartered?
Neptune Software AS's registered address is Øvre Vollgate 9.