MSA INVEST AS
Score · fiscal year 2025
47of 100
How to read this: the company is ahead of 44 % of small companies in the same sector in 2025. What does this mean?
Rank: 21,953 of 38,669 · Handel
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 22 and solidity 81 out of 100 among small companies in the same sector in 2025. Methodology
Against the sector
MSA INVEST AS is 3 points below the median for small companies in the same sector in 2025.
Median score 50 among 36,109 companies.
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 0 MNOK | 3 MNOK |
| Operating margin | – | 2.5% |
| Profit margin | – | 2.2% |
| Return on assets | −9.5% | 4.0% |
| Equity ratio | 83.2% | 38.3% |
| Debt-to-equity | 0.20 | 0.99 |
| Current ratio | 1.00 | 1.70 |
| Revenue growth | – | 3.5% |
The median and “ahead of” refer to small companies in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 47, MSA INVEST AS does better than 44% of small companies in the same sector (36,578 companies) in 2025.
Score 2023–2025
- MSA INVEST AS
- Median: small companies in the same sector
MSA INVEST AS has a score of 47 for 2025, rank 21,953 of 38,669 in the sector.
Strongest: Solidity: percentile 81 against peers, equity ratio 83.2% against a median of 38.3%. Consistency: percentile 60 against peers.
Weakest: Profitability: percentile 22 against peers. Liquidity: percentile 25 against peers, current ratio 1.00 against a median of 1.70.
Worth a closer look
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin – (median 2.2%).
- What lies behind weak profitability, and will it last?
- What lies behind weak liquidity, and will it last?
Written by fixed rules from the figures. Describes the figures, does not explain causes. Not investment or financial advice. How the summary is made
What the numbers say
MSA INVEST AS had an operating margin of – and an equity ratio of 83.2% in 2025, and ranks 21,953 of 38,669 in Handel.
From 2024 to 2025: went from a profit to a loss before tax.
This text is generated automatically from the 2025 accounts.
Three simple methods
One method gives a figure: 22 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 22 MNOK |
A mechanical estimate from public accounts, not advice. Mechanical estimate from public accounts with fixed multiples. Not a valuation and not advice to buy or sell. The multiples are provisional default values and must be adjusted per sector before the figures are used for anything. See the calculation
Worth a closer look
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin – (median 2.2%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 0.0% of the debt in 2025. The policy rate averaged 4.30 % the same year. This is a plain description of what the debt cost, not a model of interest sensitivity.
Data quality
- watch No revenue but large assets
Scenario analysis: the sector's weakest year
We have no accounts for 2017, the sector's weakest year, for this company.
The sector's weakest year was 2017, with a median operating margin of −65.6%. Based on the 11 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 22 | weight 30% |
|---|---|---|
| Solidity | 81 | weight 25% |
| Liquidity | 25 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 60 | weight 15% |
Durability: 70 (average over 3 years)
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is MSA INVEST AS?
The operating margin was – in 2025, against a median of 2.5% among small companies in the same sector. Return on assets was −9.5%. The company made a loss before tax.
How solid is MSA INVEST AS?
The equity ratio was 83.2% in 2025 (median 38.3%). Debt-to-equity was 0.20 (median 0.99).
What is the liquidity of MSA INVEST AS like?
The current ratio was 1.00 in 2025 (median 1.70).
How does MSA INVEST AS compare in Handel?
MSA INVEST AS ranks 21,953 of 38,669 in Handel for 2025. Among companies of the same size (small companies) it ranks 20,510 of 36,578.
Group accounts
The company is registered as part of a group, but we have no group accounts for it. Group accounts are filed by the parent company, and open data does not say which company that is.
Read the figures with care: a company in a group can look strong because of group contributions, or weak because dividends go up to the parent. The figures are indications, not the full picture.
We do not show the group structure, because open data does not say who owns whom.
From the Central Coordinating Register
- Org. no.
- 812212362
- Legal form
- AS · part of a group
- Sector
- Handel (46.470)
- Size tier
- small
- Employees
- 0–4 (not registered)
- Founded
- 25 July 2013 13 years in operation
- Share capital
- 0.03 MNOK
- Business address
- Beddingen 14, 7042 TRONDHEIM
- Municipality
- Trondheim rank 3 of 11 in KOSTRA group 12
- Latest accounts filed
- 2025
- LEI
- 98450086985DAE1BE497 renews 30 March 2027
Source: Central Coordinating Register, Brønnøysund Register Centre. The employee count is reported by the company and may be older than the accounts. See the company at the Brønnøysund Register Centre
Ownership and roles
- Chief executive
- Morten Sæthre
- Chair of the board
- Morten Sæthre
- Auditor
- REVISJONSFIRMAET LEIF LANGØ AS
- Accountant
- TRONDHEIM REGNSKAPSKONTOR AS
Source: Central Coordinating Register, fetched 29 October 2026. Only names are shown.
Owners and shareholdings will appear here once the shareholder data extract is in place.
Coming · not built yet
Error in the data?
Do you see an error in the figures or in how the company is mapped (sector, holding, group)? Let us know. Corrections require documentation.
Figures last fetched 26 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 93 | 70 | 47 | |
| Rank | 203 | 5,148 | 21,953 | |
| Operating margin | – | – | – | |
| Return on assets | 48.9% | 9.2% | −9.5% | |
| Equity ratio | 89.4% | 78.3% | 83.2% | |
| Current ratio | 81.17 | 3.69 | 1.00 | |
| Revenue growth | – | – | – |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Operating profit | −0.1 MNOK | −0.1 MNOK | −0.2 MNOK |
| Profit before tax | 13.4 MNOK | 3.1 MNOK | −2.5 MNOK |
| Net profit | 13.4 MNOK | 3.1 MNOK | −2.5 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Total assets | 27.4 MNOK | 33.1 MNOK | 25.9 MNOK |
| Current assets | 1.7 MNOK | 16.5 MNOK | 4.1 MNOK |
| Equity | 24.5 MNOK | 26.0 MNOK | 21.5 MNOK |
| Retained earnings | 24.5 MNOK | 25.9 MNOK | 21.5 MNOK |
| Total liabilities | 2.9 MNOK | 7.2 MNOK | 4.4 MNOK |
| Current liabilities | 0.0 MNOK | 4.5 MNOK | 4.1 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 6944480.
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