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CODE11 SCALE AS
AS
Active
Org 926534173
Kongens Gate 3, 0153 Oslo
Computer consultancy and computer facilities management activities · NACE 6220
Est. 2021
1 employees
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Overview
Financials
People & ownership
Related companies
Revenue 2024
NOK 13,1M
-44% vs 2023
EBITDA margin
17.0%
+340% vs 2023
Equity ratio
39.1%
Financial strength
Net profit 2024
NOK 1,6M
+892% vs 2023
EBITDA — year on year
NOK millions
3M
2M
1M
1M
0M
0M
2021
2M
+200%
2022
1M
-50%
2023
2M
+100%
2024
Key figures
Annual report 2024
Revenue
NOK 13,1M
-44%
EBITDA
NOK 2,2M
+340%
Net profit
NOK 1,6M
+892%
Total assets
NOK 9,8M
+24%
Equity
NOK 3,8M
-3%
Employees
1
—
Company information
Legal name
CODE11 SCALE AS
Org number
926534173
Legal form
Aksjeselskap
NACE code
6220 · Computer consultancy and computer facilities management activities
Founded
2. mars 2021
Share capital
NOK 30 000
Employees
1 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Signatory rights
Styrets medlemmer hver for seg. Daglig leder alene.
Company purpose
Rådgivning og utvikling av informasjonsteknologiløsninger, samt deltakelse i andre virksomheter som står i forbindelse med dette.
Contact
Address
Kongens Gate 3, 0153 Oslo
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Companies in Computer consultancy and computer facilities management activities
Companies in Oslo
All Norway companies
Revenue
NOK millions
0M
7M
13M
20M
26M
1M
2021
19M
2022
23M
2023
13M
2024
EBITDA
NOK millions
0M
1M
1M
2M
2M
0M
2021
2M
2022
1M
2023
2M
2024
Income statement
NOK thousands
Item
2021
2022
2023
2024
Revenue
737
19 369
23 449
13 133
Staff expenses
−19
−1 368
−1 432
−651
EBITDA
79
2 372
506
2 226
Depreciation & amort.
−0
−0
−0
−0
EBIT
79
2 372
506
2 226
Net financials
−4
−132
−272
−61
Profit before tax
75
2 239
234
2 165
Tax
19
493
74
575
Net profit
56
1 746
160
1 589
Balance sheet
NOK thousands
Item
2021
2022
2023
2024
Total assets
4 437
8 265
7 959
9 831
Equity
2 067
3 813
3 973
3 845
Long-term debt
0
0
0
1 000
Short-term debt
2 370
4 452
3 986
4 985
Total debt
2 370
4 452
3 986
5 985
Financial ratios
5-year trend
EBITDA margin
17.0%
This company
15.8%
Market median
+8% vs market
2021
2024
Equity ratio
39.1%
This company
38.2%
Market median
+2% vs market
2021
2024
Return on equity
41.3%
This company
18.4%
Market median
+124% vs market
2021
2024
Net profit margin
12.1%
This company
8.1%
Market median
+49% vs market
2021
2024
Asset turnover
1.34×
This company
1.12×
Market median
+20% vs market
2021
2024
Debt / equity
1.56×
This company
0.62×
Market median
-152% vs market
2021
2024
Annual reports & filings
Annual report 2024
Filed via Brønnøysundsregistrene · Period 2024-01-01 – 2024-12-31
View
PDF
Annual report 2023
Filed via Brønnøysundsregistrene · Period 2023-01-01 – 2023-12-31
View
PDF
Annual report 2022
Filed via Brønnøysundsregistrene · Period 2022-01-01 – 2022-12-31
View
PDF
Annual report 2021
Filed via Brønnøysundsregistrene · Period 2021-01-19 – 2021-12-31
View
PDF
Management
Actively employed in the business
Name
Role
Member since
Current (1)
TE
Terje Elfström Østensen
Chief Executive Officer
Chief Executive Officer
2021
Former (1)
TØ
Terje Østensen
Chief Executive Officer
Chief Executive Officer
2021 – 2022
Board of directors
Non-executive oversight
Name
Role
Member since
Current (1)
AJ
Andreas Jänsch
Chairman
2021
Shareholders
As of last annual report
Shareholder
Type
Ownership
Votes
Since
Code11 Holding As
Company
100%
100%
2022
Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive.
Learn more
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Company hierarchy
Cocieru As
Code11 Holding As
CODE11 SCALE AS
(this company)
Board network connections
Board members of CODE11 SCALE AS also hold positions in
0
other companies.
Person
Role here
Other companies
Terje Østensen
Chief Executive Officer
0 companies
Terje Elfström Østensen
Chief Executive Officer
0 companies
Andreas Jänsch
Chairman
0 companies