Doudare AS
Score · fiscal year 2025
53of 100
How to read this: the company is ahead of 58 % of companies in the Morning class Micro in the same sector in 2025. What does this mean?
Rank in the Morning class Micro: 484 of 1,149 · What are Morning company classes?
Place in the whole sector: 1,966 of 4,464 · Industri
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 62 and solidity 18 out of 100 among companies in the Morning class Micro in the same sector in 2025. Methodology
Against the sector
Doudare AS is 3 points above the median for companies in the Morning class Micro in the same sector in 2025.
Median score 50 among 1,149 companies.
Against companies in the Morning class Micro in the same sector in 2025: operating margin 5.2% (median 3.3%) and equity ratio 12.6% (median 38.0%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 2 MNOK | 4 MNOK |
| Operating margin | 5.2% | 3.3% |
| Profit margin | 3.5% | 2.5% |
| Return on assets | 12.8% | 6.5% |
| Equity ratio | 12.6% | 38.0% |
| Debt-to-equity | 6.95 | 1.27 |
| Current ratio | 2.35 | 1.56 |
| Revenue growth | 112.9% | 4.7% |
The median and “ahead of” refer to companies in the Morning class Micro in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 53, Doudare AS does better than 58% of companies in the Morning class Micro in the same sector (1,149 companies) in 2025.
Score 2023–2025
- Doudare AS
- Median: companies in the Morning class Micro in the same sector
Doudare AS has a score of 53 for 2025, rank 1,966 of 4,464 in the sector.
Strongest: Growth: percentile 94 against peers, revenue growth 112.9% against a median of 4.7%. Liquidity: percentile 69 against peers, current ratio 2.35 against a median of 1.56.
Weakest: Solidity: percentile 18 against peers, equity ratio 12.6% against a median of 38.0%. Consistency: percentile 37 against peers.
Worth a closer look
- What lies behind weak solidity, and will it last?
- What lies behind weak consistency, and will it last?
- The change in operating margin in 2025 was 7.2 percentage points better than for comparable companies: the company +7.5, the industry +0.3 points. That is the company's own, not something that hit the whole industry.
Written by fixed rules from the figures. Describes the figures, does not explain causes. Not investment or financial advice. How the summary is made
The industry or the company: what drove the result?
In 2025 the operating margin of Doudare AS rose by 7.5 percentage points. Comparable companies rose by a median 0.3 points. So the company did 7.2 points better than the industry, for reasons of its own.
Over 2 year-to-year changes Doudare AS moved the same way as comparable companies 1 times. About 4% of the changes in operating margin were common to the industry; the rest was the company's own.
| Year | The company | Comparable (median) | Change, company | Change, industry | The company's own |
|---|---|---|---|---|---|
| 2024 | −2.3% | 3.0% | +5.4 percentage points | −0.2 percentage points | +5.6 percentage points |
| 2025 | 5.2% | 3.3% | +7.5 percentage points | +0.3 percentage points | +7.2 percentage points |
Comparable companies are those in the same industry and Morning company class. Their change shows what hit the whole industry, the sector drivers below included. The rest is the company's own: contracts, costs, one-off items or operations. The share is approximate, and we claim no cause.
The company and its sector's drivers
Prices, rate and currency that shape the sector's year, year by year beside the operating margin of Doudare AS. The figures stand side by side; we claim no cause.
Producer prices in manufacturing (indeks (2021 = 100))
Producer prices in manufacturing rose 2.9% in 2025; the operating margin of Doudare AS rose 7.5 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Producer prices in manufacturing, annual average | 100.0 | 124.7 | 129.5 | 134.4 | 138.3 | 146.0 (so far) |
| Change from the year before | +10.7% | +24.7% | +3.9% | +3.7% | +2.9% | +5.6% |
| The company's operating margin | – | – | −7.6% | −2.3% | 5.2% | – |
Source: SSB (12462, CC BY 4.0). Source
EUR/NOK (kr)
EUR/NOK rose 0.8% in 2025; the operating margin of Doudare AS rose 7.5 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| EUR/NOK, annual average | 10.16 | 10.10 | 11.42 | 11.62 | 11.72 | 11.04 (so far) |
| Change from the year before | −5.2% | −0.6% | +13.1% | +1.8% | +0.8% | −5.8% |
| The company's operating margin | – | – | −7.6% | −2.3% | 5.2% | – |
Source: Norges Bank (EXR, NLOD 2.0). Source
Wholesale power price (øre per kWh)
Wholesale power price rose 9.4% in 2025; the operating margin of Doudare AS rose 7.5 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Wholesale power price, annual average | 64.2 | 141.7 | 72.0 | 49.4 | 54.0 | 96.5 (so far) |
| Change from the year before | +466.7% | +120.8% | −49.2% | −31.4% | +9.4% | +78.4% |
| The company's operating margin | – | – | −7.6% | −2.3% | 5.2% | – |
Source: SSB (09363, CC BY 4.0). Source
USD/NOK (kr)
USD/NOK fell 3.3% in 2025; the operating margin of Doudare AS rose 7.5 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| USD/NOK, annual average | 8.59 | 9.61 | 10.56 | 10.75 | 10.39 | 9.54 (so far) |
| Change from the year before | −8.8% | +11.9% | +9.9% | +1.7% | −3.3% | −8.2% |
| The company's operating margin | – | – | −7.6% | −2.3% | 5.2% | – |
Source: Norges Bank (EXR, NLOD 2.0). Source
Wage index: fabricated metal products (indeks)
Wage index: fabricated metal products rose 5.8% in 2025; the operating margin of Doudare AS rose 7.5 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Wage index: fabricated metal products, annual average | 88.0 | 91.5 | 96.9 | 102.1 | 108.0 | 112.8 (so far) |
| Change from the year before | +3.1% | +3.9% | +6.0% | +5.4% | +5.8% | +4.5% |
| The company's operating margin | – | – | −7.6% | −2.3% | 5.2% | – |
Source: SSB (12314, CC BY 4.0). Source
We show the drivers and the margin side by side and claim no cause. Sensitivity per company is not computed until we have at least 10 years of accounts per company: with three years such figures are false precision.
What the numbers say
Doudare AS had an operating margin of 5.2% and an equity ratio of 12.6% in 2025, and ranks 1,966 of 4,464 in Industri.
From 2024 to 2025: revenue grew by 113% and went from a loss to a profit before tax.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 0 MNOK and 0 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 22.2 | not meaningful |
| EV/EBIT | 18.6 | 0 MNOK |
| P/B | 3.0 | 0 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 5.1% 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.
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 2022, the sector's weakest year, for this company.
The sector's weakest year was 2022, with a median operating margin of 0.2%. Based on the 10 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 62 | weight 30% |
|---|---|---|
| Solidity | 18 | weight 25% |
| Liquidity | 69 | weight 15% |
| Growth | 94 | weight 15% |
| Consistency | 37 | weight 15% |
Durability: 46 (average over 2 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Doudare AS?
The operating margin was 5.2% in 2025, against a median of 3.3% among companies in the Morning class Micro in the same sector. Return on assets was 12.8%.
How solid is Doudare AS?
The equity ratio was 12.6% in 2025 (median 38.0%). Debt-to-equity was 6.95 (median 1.27).
What is the liquidity of Doudare AS like?
The current ratio was 2.35 in 2025 (median 1.56).
How does Doudare AS compare in Industri?
Doudare AS ranks 1,966 of 4,464 in Industri for 2025. Among companies in the Morning class Micro it is number 484 of 1,149. Revenue changed by 112.9% from the year before.
From the Central Coordinating Register
- Org. no.
- 829263602
- Legal form
- AS
- Sector
- Industri (13.300)
- Morning company class
- Micro
- Employees
- 0–4 (not registered)
- Founded
- 25 April 2022 4 years in operation
- Share capital
- 0.03 MNOK
- Business address
- Øyragata 49, 6165 SÆBØ (ØRSTA)
- Municipality
- Ørsta rank 14–35 of 38 in KOSTRA group 7
- Audit
- Audit opted out from 28 June 2022
- Latest accounts filed
- 2025
- Website
- www.doudare.no
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.
Shareholders (2025)
- Number of shareholders
- 1 (one owner)
- Largest owner
- 100.0%
- Split
- companies 0% · private persons 100% · foreign 0%
- Owned from the same municipality
- 100%
- Group chain
- Ultimate owner: private person
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 | – | 38 | 53 | |
| Rank | – | 3,206 | 1,966 | |
| Operating margin | −7.6% | −2.3% | 5.2% | |
| Return on assets | −9.0% | −1.1% | 12.8% | |
| Equity ratio | 18.0% | 5.3% | 12.6% | |
| Current ratio | 10.58 | 2.70 | 2.35 | |
| Revenue growth | – | 33.7% | 112.9% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 0.8 MNOK | 1.1 MNOK | 2.3 MNOK |
| Operating profit | −0.1 MNOK | 0.0 MNOK | 0.1 MNOK |
| Profit before tax | −0.1 MNOK | −0.1 MNOK | 0.1 MNOK |
| Tax expense | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Net profit | −0.1 MNOK | −0.1 MNOK | 0.1 MNOK |
| Financial expenses | 0.0 MNOK | 0.1 MNOK | 0.0 MNOK |
| Total assets | 0.7 MNOK | 0.8 MNOK | 1.0 MNOK |
| Current assets | 0.6 MNOK | 0.8 MNOK | 1.0 MNOK |
| Equity | 0.1 MNOK | 0.0 MNOK | 0.1 MNOK |
| Retained earnings | 0.1 MNOK | 0.0 MNOK | 0.1 MNOK |
| Total liabilities | 0.5 MNOK | 0.8 MNOK | 0.9 MNOK |
| Current liabilities | 0.1 MNOK | 0.3 MNOK | 0.4 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 30 October 2026, accounts id 6937378.
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