Fire-E AS
Score · fiscal year 2024
69of 100
How to read this: the company is ahead of 84 % of companies in the Morning class Micro in the same sector in 2024. What does this mean?
Rank in the Morning class Micro: 356 of 2,165 · What are Morning company classes?
Place in the whole sector: 608 of 4,104 · Teknisk tjenesteyting og forskning
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 85 and solidity 52 out of 100 among companies in the Morning class Micro in the same sector in 2024. Methodology
Against the sector
Fire-E AS is 19 points above the median for companies in the Morning class Micro in the same sector in 2024.
Median score 50 among 2,165 companies.
Against companies in the Morning class Micro in the same sector in 2024: operating margin 23.5% (median 5.8%) and equity ratio 46.6% (median 41.5%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 5 MNOK | 3 MNOK |
| Operating margin | 23.5% | 5.8% |
| Profit margin | 23.4% | 5.6% |
| Return on assets | 54.1% | 11.5% |
| Equity ratio | 46.6% | 41.5% |
| Debt-to-equity | 1.15 | 1.10 |
| Current ratio | 1.76 | 1.61 |
| Revenue growth | 3,411.7% | 5.6% |
| Revenue per employee | 0.99 MNOK | 0.73 MNOK |
The median and “ahead of” refer to companies in the Morning class Micro in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
With an index of 69, Fire-E AS does better than 84% of companies in the Morning class Micro in the same sector (2,165 companies) in 2024.
Score 2023–2025
- Fire-E AS
- Median: companies in the Morning class Micro in the same sector
What the numbers say
Fire-E AS had an operating margin of 23.5% and an equity ratio of 46.6% in 2024, and ranks 608 of 4,104 in Teknisk tjenesteyting og forskning.
From 2023 to 2024: revenue grew by 3,412% and the operating margin fell from 58.9% to 23.5%.
This text is generated automatically from the 2024 accounts.
Three simple methods
The methods give between 2 MNOK and 5 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 18.6 | 4 MNOK |
| EV/EBIT | 15.9 | 5 MNOK |
| P/B | 3.2 | 2 MNOK |
The listed basis is the value at listed multiples. The estimate is lowered by 51% for an unlisted company: 20% for lack of marketability and 38% for size (a small-company premium of 4% on the cost of equity).
A mechanical estimate from public accounts, not advice. A mechanical estimate from public accounts with listed multiples and fixed adjustments. Not a valuation and not advice to buy or sell. See the calculation
Worth a closer look
No rules were triggered for this year.
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 0.6% of the debt in 2024. The policy rate averaged 4.50 % the same year. This is a plain description of what the debt cost, not a model of interest sensitivity.
See interest rates, prices and exchange rates for the sector
Data quality
No anomalies found in the figures.
Scenario analysis: the sector's weakest year
We have no accounts for 2021, the sector's weakest year, for this company.
The sector's weakest year was 2021, with a median operating margin of −0.2%. Based on the 8 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 85 | weight 30% |
|---|---|---|
| Solidity | 52 | weight 25% |
| Liquidity | 54 | weight 15% |
| Growth | 99 | weight 15% |
| Consistency | 52 | weight 15% |
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Fire-E AS?
The operating margin was 23.5% in 2024, against a median of 5.8% among companies in the Morning class Micro in the same sector. Return on assets was 54.1%.
How solid is Fire-E AS?
The equity ratio was 46.6% in 2024 (median 41.5%). Debt-to-equity was 1.15 (median 1.10).
What is the liquidity of Fire-E AS like?
The current ratio was 1.76 in 2024 (median 1.61).
How does Fire-E AS compare in Teknisk tjenesteyting og forskning?
Fire-E AS ranks 608 of 4,104 in Teknisk tjenesteyting og forskning for 2024. Among companies in the Morning class Micro it is number 356 of 2,165. Revenue changed by 3,411.7% from the year before.
From the Central Coordinating Register
- Org. no.
- 828747622
- Legal form
- AS
- Sector
- Teknisk tjenesteyting og forskning (71.129)
- Morning company class
- Micro
- Employees
- 5 registered 10 March 2026
- Founded
- 28 January 2022 4 years in operation
- Share capital
- 0.10 MNOK
- Business address
- Nymoens torg 6, 3611 KONGSBERG
- Municipality
- Kongsberg rank 4–13 of 27 in KOSTRA group 9
- Audit
- Audit opted out from 16 February 2022
- Latest accounts filed
- 2025
- LEI
- 89450014SSUO7BZ3W432 not renewed (lapsed)
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
Loading roles …
Source: Central Coordinating Register, fetched 1 November 2026. Only names are shown.
- Parent company
- Parent does not consolidate the company
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 31 October 2026. The parent is the one the company itself reported to GLEIF.
Shareholders (2025)
- Number of shareholders
- 4
- Largest owner
- 36.0% · top three 90.0%
- Split
- companies 100% · private persons 0% · foreign 0%
- Kim Andre Haugan AS · 36.0%
- Ene Holding AS · 36.0%
- Quarten AS · 18.0%
- G.K.H Holding AS · 10.0%
The company is new in the shareholder register in 2025.
Source: the Norwegian Tax Administration's shareholder register as of 2025. Figures may be older than today's ownership. Private persons are not shown by name.
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 30 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | – | 69 | 62 | |
| Rank | – | 608 | 1,086 | |
| Operating margin | 58.9% | 23.5% | 16.2% | |
| Return on assets | 69.8% | 54.1% | 45.1% | |
| Equity ratio | 56.9% | 46.6% | 44.1% | |
| Current ratio | 2.32 | 1.76 | 1.70 | |
| Revenue growth | – | 3,411.7% | 20.9% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 0.1 MNOK | 5.0 MNOK | 6.0 MNOK |
| Operating profit | 0.1 MNOK | 1.2 MNOK | 1.0 MNOK |
| Profit before tax | 0.1 MNOK | 1.2 MNOK | 1.0 MNOK |
| Tax expense | 0.1 MNOK | 0.2 MNOK | 0.2 MNOK |
| Net profit | 0.0 MNOK | 0.9 MNOK | 0.7 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Total assets | 0.1 MNOK | 2.2 MNOK | 2.2 MNOK |
| Current assets | 0.1 MNOK | 2.0 MNOK | 2.0 MNOK |
| Equity | 0.1 MNOK | 1.0 MNOK | 1.0 MNOK |
| Retained earnings | 0.0 MNOK | 0.9 MNOK | 0.9 MNOK |
| Total liabilities | 0.1 MNOK | 1.2 MNOK | 1.2 MNOK |
| Current liabilities | 0.1 MNOK | 1.2 MNOK | 1.2 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 30 October 2026, accounts id 5659401.
Further
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