TB FORVALTING AS
Score · fiscal year 2025
64of 100
How to read this: the company is ahead of 78 % of small companies in the same sector in 2025. What does this mean?
Rank: 8,411 of 38,670 · Handel
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 41 and solidity 76 out of 100 among small companies in the same sector in 2025. Methodology
Against the sector
TB FORVALTING AS is 14 points above the median for small companies in the same sector in 2025.
Median score 50 among 36,110 companies.
Against small companies in the same sector in 2025: operating margin −637.4% (median 2.5%) and equity ratio 77.0% (median 38.3%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 0 MNOK | 3 MNOK |
| Operating margin | −637.4% | 2.5% |
| Profit margin | 5,939.0% | 2.2% |
| Return on assets | 21.1% | 4.0% |
| Equity ratio | 77.0% | 38.3% |
| Debt-to-equity | 0.30 | 0.99 |
| Current ratio | 10.16 | 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 64, TB FORVALTING AS does better than 78% of small companies in the same sector (36,579 companies) in 2025.
Score 2023–2025
- TB FORVALTING AS
- Median: small companies in the same sector
TB FORVALTING AS has a score of 64 for 2025, rank 8,411 of 38,670 in the sector.
Strongest: Liquidity: percentile 89 against peers, current ratio 10.16 against a median of 1.70. Solidity: percentile 76 against peers, equity ratio 77.0% against a median of 38.3%.
No area is clearly below its peers.
Worth a closer look
- The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors? Based on: operating margin −637.4% (median 2.5%).
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
TB FORVALTING AS had an operating margin of −637.4% and an equity ratio of 77.0% in 2025, and ranks 8,411 of 38,670 in Handel.
From 2024 to 2025: the equity ratio fell from 90.9% to 77.0%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 23 MNOK and 56 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 56 MNOK |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 23 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 operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors?
Based on: Operating margin −637.4% (median 2.5%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 1.2% 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 Extreme margin: check the figures
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 | 41 | weight 30% |
|---|---|---|
| Solidity | 76 | weight 25% |
| Liquidity | 89 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 66 | weight 15% |
Durability: 75 (average over 3 years)
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is TB FORVALTING AS?
The operating margin was −637.4% in 2025, against a median of 2.5% among small companies in the same sector. Return on assets was 21.1%.
How solid is TB FORVALTING AS?
The equity ratio was 77.0% in 2025 (median 38.3%). Debt-to-equity was 0.30 (median 0.99).
What is the liquidity of TB FORVALTING AS like?
The current ratio was 10.16 in 2025 (median 1.70).
How does TB FORVALTING AS compare in Handel?
TB FORVALTING AS ranks 8,411 of 38,670 in Handel for 2025. Among companies of the same size (small companies) it ranks 7,903 of 36,579.
From the Central Coordinating Register
- Org. no.
- 887173702
- Legal form
- AS
- Sector
- Handel (47.110)
- Size tier
- small
- Employees
- 0–4 (not registered)
- Founded
- 10 August 2004 22 years in operation
- Share capital
- 0.03 MNOK
- Business address
- Snødestien 4E, 4056 TANANGER (SOLA)
- Municipality
- Sola rank 2 of 27 in KOSTRA group 9
- Latest accounts filed
- 2025
- LEI
- 549300ZI47MNDC6XPS36 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
- Chief executive
- Trygve Bjørgengen
- Chair of the board
- Trygve Bjørgengen
- Deputy member
- Wenche Bjørgengen
- Auditor
- REVISJON VEST AS
- Accountant
- REMA 1000 NORGE AS
Source: Central Coordinating Register, fetched 29 October 2026. Only names are shown.
- Parent company
- No parent company: owned by persons
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 30 October 2026. The parent is the one the company itself reported to GLEIF.
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 | 82 | 79 | 64 | |
| Rank | 1,857 | 1,683 | 8,411 | |
| Operating margin | – | – | −637.4% | |
| Return on assets | 12.3% | 13.0% | 21.1% | |
| Equity ratio | 90.9% | 90.9% | 77.0% | |
| Current ratio | 6.61 | 8.87 | 10.16 | |
| Revenue growth | – | – | – |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | – | – | 0.1 MNOK |
| Operating profit | −0.8 MNOK | −0.3 MNOK | −0.7 MNOK |
| Profit before tax | 2.2 MNOK | 2.5 MNOK | 6.3 MNOK |
| Net profit | 2.0 MNOK | 1.9 MNOK | 5.6 MNOK |
| Financial expenses | 0.1 MNOK | 0.1 MNOK | 0.1 MNOK |
| Total assets | 18.3 MNOK | 19.5 MNOK | 30.1 MNOK |
| Current assets | 6.8 MNOK | 5.8 MNOK | 7.4 MNOK |
| Equity | 16.6 MNOK | 17.7 MNOK | 23.2 MNOK |
| Retained earnings | 16.6 MNOK | 17.7 MNOK | 23.2 MNOK |
| Total liabilities | 1.7 MNOK | 1.8 MNOK | 6.9 MNOK |
| Current liabilities | 1.0 MNOK | 0.6 MNOK | 0.7 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 6746378.
Further
Similar companies
- PLASTMASKINER THOMAS THIIS AS index 64, rank 8,409 · compare
- DIGITAL RÅDGIVNING AS index 64, rank 8,410 · compare
- FALSKE REKERS VINIMPORT AS index 64, rank 8,412 · compare
- INTERSPORT FLEKKEFJORD AS index 64, rank 8,413 · compare
- BIL INDUSTRI AS index 64, rank 8,414 · compare