Fjellmark AS
Score · fiscal year 2025
43of 100
How to read this: the company is ahead of 39 % of companies in the Morning class Micro in the same sector in 2025. What does this mean?
Rank in the Morning class Micro: 611 of 1,009 · What are Morning company classes?
Place in the whole sector: 1,290 of 2,040 · Forretningsmessig tjenesteyting
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 57 and solidity 0 out of 100 among companies in the Morning class Micro in the same sector in 2025. Methodology
Against the sector
Fjellmark AS is 6 points below the median for companies in the Morning class Micro in the same sector in 2025.
Median score 49 among 1,007 companies.
Against companies in the Morning class Micro in the same sector in 2025: operating margin 2.9% (median 4.3%) and equity ratio −14.6% (median 29.5%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 10 MNOK | 3 MNOK |
| Operating margin | 2.9% | 4.3% |
| Profit margin | 2.9% | 3.2% |
| Return on assets | 17.4% | 8.5% |
| Equity ratio | −14.6% | 29.5% |
| Debt-to-equity | – | 1.50 |
| Current ratio | 1.01 | 1.31 |
| Revenue growth | 129.0% | 6.6% |
| Revenue per employee | 0.25 MNOK | 0.37 MNOK |
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 43, Fjellmark AS does better than 39% of companies in the Morning class Micro in the same sector (1,009 companies) in 2025.
Score 2023–2025
- Fjellmark AS
- Median: companies in the Morning class Micro in the same sector
Fjellmark AS has a score of 43 for 2025, rank 1,290 of 2,040 in the sector.
Strongest: Growth: percentile 93 against peers, revenue growth 129.0% against a median of 6.6%.
Weakest: Solidity: percentile 0 against peers, equity ratio −14.6% against a median of 29.5%. Liquidity: percentile 34 against peers, current ratio 1.01 against a median of 1.31.
Worth a closer look
- Equity is negative. How will it be rebuilt, and what do lenders and the auditor say about going concern? Based on: equity ratio −14.6% (median 29.5%).
- Strong growth with weak liquidity. Is the growth financed, or does it tie up capital the company does not have? Based on: revenue growth 129.0% (median 6.6%); current ratio 1.01 (median 1.31).
- What lies behind weak solidity, 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
Fjellmark AS had an operating margin of 2.9% and an equity ratio of −14.6% in 2025, and ranks 1,290 of 2,040 in Forretningsmessig tjenesteyting.
From 2024 to 2025: revenue grew by 129% 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 3 MNOK and 3 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 3 MNOK |
| EV/EBIT | 8.0 | 3 MNOK |
| P/B | 1.0 | not meaningful |
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
- critical
Equity is negative. How will it be rebuilt, and what do lenders and the auditor say about going concern?
Based on: Equity ratio −14.6% (median 29.5%).
- watch
Strong growth with weak liquidity. Is the growth financed, or does it tie up capital the company does not have?
Based on: Revenue growth 129.0% (median 6.6%); Current ratio 1.01 (median 1.31).
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.
See interest rates, prices and exchange rates for the sector
Data quality
- critical Negative equity
Scenario analysis: the sector's weakest year
We have no accounts for 2026, the sector's weakest year, for this company.
The sector's weakest year was 2026, with a median operating margin of −3.2%. Based on the 9 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 57 | weight 30% |
|---|---|---|
| Solidity | 0 | weight 25% |
| Liquidity | 34 | weight 15% |
| Growth | 93 | weight 15% |
| Consistency | 46 | weight 15% |
Durability: 29 (average over 2 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Fjellmark AS?
The operating margin was 2.9% in 2025, against a median of 4.3% among companies in the Morning class Micro in the same sector. Return on assets was 17.4%.
How solid is Fjellmark AS?
The equity ratio was −14.6% in 2025 (median 29.5%). Equity is negative, so liabilities exceed assets.
What is the liquidity of Fjellmark AS like?
The current ratio was 1.01 in 2025 (median 1.31).
How does Fjellmark AS compare in Forretningsmessig tjenesteyting?
Fjellmark AS ranks 1,290 of 2,040 in Forretningsmessig tjenesteyting for 2025. Among companies in the Morning class Micro it is number 611 of 1,009. Revenue changed by 129.0% from the year before.
From the Central Coordinating Register
- Org. no.
- 896649442
- Legal form
- AS
- Sector
- Forretningsmessig tjenesteyting (78.200)
- Morning company class
- Micro
- Employees
- 39 registered 10 October 2026
- Founded
- 15 February 2011 15 years in operation
- Share capital
- 0.10 MNOK
- Business address
- Brøsetekra 1, 7069 TRONDHEIM
- Municipality
- Trondheim rank 3 of 11 in KOSTRA group 12
- 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
Loading roles …
Source: Central Coordinating Register, fetched 31 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 30 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | – | 14 | 43 | |
| Rank | – | 1,947 | 1,290 | |
| Operating margin | – | −11.6% | 2.9% | |
| Return on assets | −1,614.4% | −44.6% | 17.4% | |
| Equity ratio | −6,749.1% | −47.7% | −14.6% | |
| Current ratio | 0.01 | 0.84 | 1.01 | |
| Revenue growth | – | – | 129.0% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | – | 4.2 MNOK | 9.6 MNOK |
| Operating profit | 0.0 MNOK | −0.5 MNOK | 0.3 MNOK |
| Profit before tax | 0.0 MNOK | −0.5 MNOK | 0.3 MNOK |
| Net profit | 0.0 MNOK | −0.5 MNOK | 0.3 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Total assets | 0.0 MNOK | 1.1 MNOK | 1.6 MNOK |
| Current assets | 0.0 MNOK | 1.0 MNOK | 1.5 MNOK |
| Equity | 0.0 MNOK | −0.5 MNOK | −0.2 MNOK |
| Retained earnings | −0.2 MNOK | −0.7 MNOK | −0.4 MNOK |
| Total liabilities | 0.0 MNOK | 1.6 MNOK | 1.9 MNOK |
| Current liabilities | 0.0 MNOK | 1.2 MNOK | 1.5 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 30 October 2026, accounts id 6450459.
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