MATHUSET FROGNER AS
Score · fiscal year 2025
47of 100
How to read this: the company is ahead of 45 % of medium-sized companies in the same sector in 2025. What does this mean?
Rank: 21,724 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 83 and solidity 21 out of 100 among medium-sized companies in the same sector in 2025. Methodology
Against the sector
MATHUSET FROGNER AS is 2 points below the median for medium-sized companies in the same sector in 2025.
Median score 49 among 2,198 companies.
Against medium-sized companies in the same sector in 2025: operating margin 5.1% (median 3.2%) and equity ratio 16.4% (median 32.6%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 115 MNOK | 173 MNOK |
| Operating margin | 5.1% | 3.2% |
| Profit margin | 5.2% | 3.2% |
| Return on assets | 49.5% | 11.6% |
| Equity ratio | 16.4% | 32.6% |
| Debt-to-equity | 5.09 | 2.03 |
| Current ratio | 1.08 | 1.38 |
| Revenue growth | 2.6% | 6.8% |
| Revenue per employee | 3.39 MNOK | 6.45 MNOK |
The median and “ahead of” refer to medium-sized companies in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 47, MATHUSET FROGNER AS does better than 45% of medium-sized companies in the same sector (2,203 companies) in 2025.
Score 2023–2025
- MATHUSET FROGNER AS
- Median: medium-sized companies in the same sector
MATHUSET FROGNER AS has a score of 47 for 2025, rank 21,724 of 38,671 in the sector.
Strongest: Profitability: percentile 83 against peers, operating margin 5.1% against a median of 3.2%.
Weakest: Solidity: percentile 21 against peers, equity ratio 16.4% against a median of 32.6%. Liquidity: percentile 23 against peers, current ratio 1.08 against a median of 1.38.
Worth a closer look
- What lies behind weak solidity, and will it last?
- What lies behind weak liquidity, 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
MATHUSET FROGNER AS had an operating margin of 5.1% and an equity ratio of 16.4% in 2025, and ranks 21,724 of 38,671 in Handel.
No large changes in the key figures from 2024 to 2025.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 2 MNOK and 47 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 47 MNOK |
| EV/EBIT | 8.0 | missing |
| P/B | 1.0 | 2 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.
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 | 83 | weight 30% |
|---|---|---|
| Solidity | 21 | weight 25% |
| Liquidity | 23 | weight 15% |
| Growth | 34 | weight 15% |
| Consistency | 56 | weight 15% |
Durability: 45 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is MATHUSET FROGNER AS?
The operating margin was 5.1% in 2025, against a median of 3.2% among medium-sized companies in the same sector. Return on assets was 49.5%.
How solid is MATHUSET FROGNER AS?
The equity ratio was 16.4% in 2025 (median 32.6%). Debt-to-equity was 5.09 (median 2.03).
What is the liquidity of MATHUSET FROGNER AS like?
The current ratio was 1.08 in 2025 (median 1.38).
How does MATHUSET FROGNER AS compare in Handel?
MATHUSET FROGNER AS ranks 21,724 of 38,671 in Handel for 2025. Among companies of the same size (medium-sized companies) it ranks 1,219 of 2,203. Revenue changed by 2.6% from the year before.
Group accounts
The company is registered as part of a group, but we have no group accounts for it. Group accounts are filed by the parent company, and open data does not say which company that is.
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.
- 911669994
- Legal form
- AS · part of a group
- Sector
- Handel (47.110)
- Size tier
- medium
- Employees
- 34 registered 10 October 2026
- Founded
- 6 February 2013 13 years in operation
- Share capital
- 2.00 MNOK
- Business address
- Håvundvegen 112, 3715 SKIEN
- Municipality
- Skien rank 8 of 10 in KOSTRA group 11
- 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
- Kim Henrik Ørtengren Kimerud
- Chair of the board
- Trine Riis Groven
- Board member
- Andreas Finsrud
- Auditor
- CEDRA NORGE AS
- Accountant
- NORGESGRUPPEN REGNSKAP AS
- Accountant
- KIWI MINIDRIFT AS
Source: Central Coordinating Register, fetched 25 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 | 42 | 47 | 47 | |
| Rank | 21,731 | 20,782 | 21,724 | |
| Operating margin | 4.5% | 5.1% | 5.1% | |
| Return on assets | 32.1% | 41.3% | 49.5% | |
| Equity ratio | 12.9% | 13.9% | 16.4% | |
| Current ratio | 1.07 | 1.06 | 1.08 | |
| Revenue growth | – | 4.2% | 2.6% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 107.9 MNOK | 112.5 MNOK | 115.4 MNOK |
| Operating profit | 4.8 MNOK | 5.8 MNOK | 5.9 MNOK |
| Profit before tax | 5.0 MNOK | 6.0 MNOK | 6.0 MNOK |
| Net profit | 3.9 MNOK | 4.6 MNOK | 4.7 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK | – |
| Total assets | 15.5 MNOK | 14.4 MNOK | 12.2 MNOK |
| Current assets | 14.5 MNOK | 13.2 MNOK | 11.0 MNOK |
| Equity | 2.0 MNOK | 2.0 MNOK | 2.0 MNOK |
| Retained earnings | – | – | 0.0 MNOK |
| Total liabilities | 13.5 MNOK | 12.4 MNOK | 10.2 MNOK |
| Current liabilities | 13.5 MNOK | 12.4 MNOK | 10.2 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 6738364.
Further
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