HOREKA AS
Score · fiscal year 2025
52of 100
How to read this: the company is ahead of 53 % of small companies in the same sector in 2025. What does this mean?
Rank: 18,168 of 38,671 · Handel
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 58 and solidity 45 out of 100 among small companies in the same sector in 2025. Methodology
Against the sector
HOREKA AS is 2 points above the median for small companies in the same sector in 2025.
Median score 50 among 36,111 companies.
Against small companies in the same sector in 2025: operating margin 4.0% (median 2.5%) and equity ratio 39.4% (median 38.3%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 22 MNOK | 3 MNOK |
| Operating margin | 4.0% | 2.5% |
| Profit margin | 3.8% | 2.2% |
| Return on assets | 7.6% | 4.0% |
| Equity ratio | 39.4% | 38.3% |
| Debt-to-equity | 1.54 | 0.99 |
| Current ratio | 1.60 | 1.70 |
| Revenue growth | −3.0% | 3.5% |
| Revenue per employee | 2.79 MNOK | 1.62 MNOK |
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 52, HOREKA AS does better than 53% of small companies in the same sector (36,580 companies) in 2025.
Score 2023–2025
- HOREKA AS
- Median: small companies in the same sector
HOREKA AS has a score of 52 for 2025, rank 18,168 of 38,671 in the sector.
Strongest: Consistency: percentile 70 against peers.
Weakest: Growth: percentile 35 against peers, revenue growth −3.0% against a median of 3.5%.
Worth a closer look
- What lies behind weak growth, 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
HOREKA AS had an operating margin of 4.0% and an equity ratio of 39.4% in 2025, and ranks 18,168 of 38,671 in Handel.
From 2024 to 2025: the operating margin fell from 6.6% to 4.0% and the equity ratio fell from 45.5% to 39.4%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 5 MNOK and 8 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 6 MNOK |
| EV/EBIT | 8.0 | 8 MNOK |
| P/B | 1.0 | 5 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
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 1.4% 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
No anomalies found in 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 | 58 | weight 30% |
|---|---|---|
| Solidity | 45 | weight 25% |
| Liquidity | 47 | weight 15% |
| Growth | 35 | weight 15% |
| Consistency | 70 | weight 15% |
Durability: 55 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is HOREKA AS?
The operating margin was 4.0% in 2025, against a median of 2.5% among small companies in the same sector. Return on assets was 7.6%.
How solid is HOREKA AS?
The equity ratio was 39.4% in 2025 (median 38.3%). Debt-to-equity was 1.54 (median 0.99).
What is the liquidity of HOREKA AS like?
The current ratio was 1.60 in 2025 (median 1.70).
How does HOREKA AS compare in Handel?
HOREKA AS ranks 18,168 of 38,671 in Handel for 2025. Among companies of the same size (small companies) it ranks 17,042 of 36,580. Revenue changed by −3.0% from the year before.
Public contracts
- Contracts awarded since 2024
- 2
- Total awarded value since 2024
- value not stated
- Framework agreements
- 2
- Left out of the total: the value is a ceiling, not actual spend.
| Date | Buyer | Notice | Value |
|---|---|---|---|
| 14 February 2025 | DRAMMEN KOMMUNE | Dekketøy og kjøkkenutstyr - rammeavtale | value not stated |
| 30 September 2024 | Bærum kommune | Kjøp av kjøkkenutstyr | value not stated |
| 25 October 2023 | Øvre Romerike Innkjøpssamarbeid | Kantine- og kjøkkenutstyr | 3.4 MNOK |
| 7 July 2023 | NORDRE FOLLO KOMMUNE | Servise og kjøkkenutstyr | 8.0 MNOK (framework) |
| 17 January 2023 | Viken Vest Innkjøpssamarbeid (VVI) | (2022-7393) Dekketøy, rammeavtale | 7.5 MNOK |
| 20 August 2020 | Oslo kommune v/Sykehjemsetaten | Rammeavtale om kjøp av servise, kjøkkenutstyr og små elektrisk | value not stated |
| 2 January 2020 | Øvre Romerike Innkjøpssamarbeid | Kantine- og kjøkkenutstyr | value not stated |
Based on notices in Doffin. Does not show call-offs under framework agreements or purchases below the publication threshold. Values are as stated by the buyer.
Source: Doffin (DFØ), fetched 27 October 2026. Winners are matched on organisation number.
Contains data under the Norwegian licence for public data (NLOD 2.0) made available by Doffin/the Norwegian Agency for Public and Financial Management (DFØ). NLOD 2.0
From the Central Coordinating Register
- Org. no.
- 890251102
- Legal form
- AS
- Sector
- Handel (46.440)
- Size tier
- small
- Employees
- 8 registered 10 September 2026
- Founded
- 6 September 2006 20 years in operation
- Share capital
- 2.00 MNOK
- Business address
- Lyseveien 16, 3531 KROKKLEIVA (HOLE)
- Municipality
- Hole rank 2 of 40 in KOSTRA group 1
- Latest accounts filed
- 2025
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
- Jo Kristen Turtumøygard Nørstenes
- Chair of the board
- Jo Kristen Turtumøygard Nørstenes
- Auditor
- RE REVISJON AS
- Accountant
- 4SIGHT 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 | 57 | 58 | 52 | |
| Rank | 13,290 | 12,921 | 18,168 | |
| Operating margin | 10.0% | 6.6% | 4.0% | |
| Return on assets | 20.4% | 14.4% | 7.6% | |
| Equity ratio | 28.0% | 45.5% | 39.4% | |
| Current ratio | 2.21 | 2.29 | 1.60 | |
| Revenue growth | – | −15.6% | −3.0% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 27.2 MNOK | 23.0 MNOK | 22.3 MNOK |
| Operating profit | 2.7 MNOK | 1.5 MNOK | 0.9 MNOK |
| Profit before tax | 2.3 MNOK | 1.3 MNOK | 0.8 MNOK |
| Net profit | 1.8 MNOK | 1.1 MNOK | 0.6 MNOK |
| Financial expenses | 0.5 MNOK | 0.2 MNOK | 0.1 MNOK |
| Total assets | 13.4 MNOK | 10.6 MNOK | 12.3 MNOK |
| Current assets | 11.3 MNOK | 8.3 MNOK | 10.0 MNOK |
| Equity | 3.7 MNOK | 4.8 MNOK | 4.8 MNOK |
| Retained earnings | 1.7 MNOK | 2.8 MNOK | 2.8 MNOK |
| Total liabilities | 9.6 MNOK | 5.8 MNOK | 7.4 MNOK |
| Current liabilities | 5.1 MNOK | 3.6 MNOK | 6.3 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 6362769.
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