TOSIVA AS
Score · fiscal year 2025
29of 100
How to read this: the company is ahead of 15 % of companies in the Morning class Small in the same sector in 2025. What does this mean?
Rank in the Morning class Small: 4,713 of 5,567 · What are Morning company classes?
Place in the whole sector: 16,887 of 20,428 · Bygg og anlegg
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 6 and solidity 79 out of 100 among companies in the Morning class Small in the same sector in 2025. Methodology
Against the sector
TOSIVA AS is 22 points below the median for companies in the Morning class Small in the same sector in 2025.
Median score 51 among 5,567 companies.
Against companies in the Morning class Small in the same sector in 2025: operating margin −396.3% (median 4.5%) and equity ratio 56.0% (median 34.2%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 40 MNOK | 19 MNOK |
| Operating margin | −396.3% | 4.5% |
| Profit margin | −1,333.0% | 4.3% |
| Return on assets | −6.0% | 11.0% |
| Equity ratio | 56.0% | 34.2% |
| Debt-to-equity | 0.78 | 1.72 |
| Current ratio | 0.96 | 1.48 |
| Revenue growth | −3.3% | 6.0% |
The median and “ahead of” refer to companies in the Morning class Small in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 29, TOSIVA AS does better than 15% of companies in the Morning class Small in the same sector (5,567 companies) in 2025.
Score 2023–2025
- TOSIVA AS
- Median: companies in the Morning class Small in the same sector
TOSIVA AS has a score of 29 for 2025, rank 16,887 of 20,428 in the sector.
Strongest: Solidity: percentile 79 against peers, equity ratio 56.0% against a median of 34.2%.
Weakest: Consistency: percentile 4 against peers. Profitability: percentile 6 against peers, operating margin −396.3% against a median of 4.5%.
Worth a closer look
- Consider strengthening liquidity: current liabilities are 1.0 times current assets. Based on: current ratio 0.96 (median 1.48).
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin −1,333.0% (median 4.3%).
- The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors? Based on: operating margin −396.3% (median 4.5%).
- What lies behind weak consistency, 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
TOSIVA AS had an operating margin of −396.3% and an equity ratio of 56.0% in 2025, and ranks 16,887 of 20,428 in Bygg og anlegg.
From 2024 to 2025: the operating margin fell from −68.0% to −396.3% and the equity ratio fell from 61.0% to 56.0%.
This text is generated automatically from the 2025 accounts.
Three simple methods
One method gives a figure: 1,057 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 1,057 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
Consider strengthening liquidity: current liabilities are 1.0 times current assets.
Based on: Current ratio 0.96 (median 1.48).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −1,333.0% (median 4.3%).
- 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 −396.3% (median 4.5%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 51.0% 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
- watch Extreme margin: check 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 1.8%. 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 | 6 | weight 30% |
|---|---|---|
| Solidity | 79 | weight 25% |
| Liquidity | 14 | weight 15% |
| Growth | 34 | weight 15% |
| Consistency | 4 | weight 15% |
Durability: 32 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is TOSIVA AS?
The operating margin was −396.3% in 2025, against a median of 4.5% among companies in the Morning class Small in the same sector. Return on assets was −6.0%. The company made a loss before tax.
How solid is TOSIVA AS?
The equity ratio was 56.0% in 2025 (median 34.2%). Debt-to-equity was 0.78 (median 1.72).
What is the liquidity of TOSIVA AS like?
The current ratio was 0.96 in 2025 (median 1.48). Current assets did not cover current liabilities.
How does TOSIVA AS compare in Bygg og anlegg?
TOSIVA AS ranks 16,887 of 20,428 in Bygg og anlegg for 2025. Among companies in the Morning class Small it is number 4,713 of 5,567. Revenue changed by −3.3% from the year before.
Group accounts · 2024
41 of 100
Rank 80 of 121 groups in the Morning class Large in Bygg og anlegg. Groups are ranked only against other groups in the same sector and class, never against single companies.
- Operating revenue, group
- 3,291 MNOK
- Operating profit, group
- 57 MNOK
- Profit before tax, group
- −102 MNOK
- Total assets, group
- 2,631 MNOK
- Equity, group
- 1,272 MNOK
| Key figure | The group | The company alone (2025) |
|---|---|---|
| Operating margin | 1.7% | – |
| Return on assets | 5.0% | – |
| Equity ratio | 48.3% | – |
| Current ratio | 0.73 | – |
| Revenue growth | – | – |
Same formulas and weights as the company index. Group and company are never added together, and the group accounts are not part of sector averages or company rankings.
Source: Brønnøysund Register Centre, group accounts 2024 (open data, NLOD 2.0).
Read the figures with care: a company in a group can look strong because of group contributions, or weak because dividends go up to the parent. The figures are indications, not the full picture.
We do not show the group structure, because open data does not say who owns whom.
From the Central Coordinating Register
- Org. no.
- 911577054
- Legal form
- AS · part of a group
- Sector
- Bygg og anlegg (43.990)
- Morning company class
- Small
- Employees
- 0–4 (not registered)
- Founded
- 11 February 2013 13 years in operation
- Share capital
- 10.44 MNOK
- Business address
- c/o Recover AS, Lilleakerveien 4A, 0283 OSLO
- Municipality
- Oslo rank 63–220 of 357 in Norway
- 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
- Chair of the board
- Erik Nicolay Sandøy
- Board member
- Karstein Norlund
- Auditor
- ERNST & YOUNG 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 | 33 | 34 | 29 | |
| Rank | 13,688 | 14,992 | 16,887 | |
| Operating margin | −71.4% | −68.0% | −396.3% | |
| Return on assets | 0.2% | 0.6% | −6.0% | |
| Equity ratio | 78.1% | 61.0% | 56.0% | |
| Current ratio | 0.24 | 0.18 | 0.96 | |
| Revenue growth | – | 9.1% | −3.3% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 38.1 MNOK | 41.6 MNOK | 40.2 MNOK |
| Operating profit | −27.2 MNOK | −28.3 MNOK | −159.4 MNOK |
| Profit before tax | −315.4 MNOK | −21.0 MNOK | −536.3 MNOK |
| Net profit | −308.5 MNOK | −16.4 MNOK | −498.8 MNOK |
| Financial expenses | 318.4 MNOK | 31.1 MNOK | 422.9 MNOK |
| Total assets | 1,323.6 MNOK | 1,566.5 MNOK | 1,887.2 MNOK |
| Current assets | 68.7 MNOK | 110.5 MNOK | 799.2 MNOK |
| Equity | 1,033.7 MNOK | 956.2 MNOK | 1,057.4 MNOK |
| Retained earnings | −283.5 MNOK | −299.9 MNOK | −798.7 MNOK |
| Total liabilities | 289.9 MNOK | 610.3 MNOK | 829.8 MNOK |
| Current liabilities | 289.4 MNOK | 610.3 MNOK | 829.8 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 7219480.
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