STEFAN PAPIR AS

Org. no. 912191354 · OSLO · Founded 2013

Score · fiscal year 2025

62of 100

How to read this: the company is ahead of 73 % of companies in the Morning class Micro in the same sector in 2025. What does this mean?

Rank in the Morning class Micro: 3,074 of 11,388 · What are Morning company classes?
Place in the whole sector: 6,244 of 23,059 · Handel

Profile

Elephant · Steward

Lower profitability, high solidity

Position against comparable companies in 2025, not a verdict on the company. Based on profitability 28 and solidity 95 out of 100 among companies in the Morning class Micro in the same sector in 2025. Methodology

Against the sector

STEFAN PAPIR AS is 12 points above the median for companies in the Morning class Micro in the same sector in 2025.

Median score 50 among 11,385 companies.

Against companies in the Morning class Micro in the same sector in 2025: operating margin −2.2% (median 2.6%) and equity ratio 89.4% (median 33.8%).

Source: Register of Company Accounts and Central Coordinating RegisterFetched 26 October 2026Report an issue
Key figures · 2025

The numbers behind the score

The numbers behind the score · 2025
MeasureCompanyMedianAhead of
Operating revenue1 MNOK4 MNOK
Operating margin −2.2% 2.6% 27 %
Profit margin −3.0% 2.2% shown, not part of the index
Return on assets −1.5% 6.2% 30 %
Equity ratio 89.4% 33.8% 95 %
Debt-to-equity 0.12 1.23 94 %
Current ratio 9.42 1.75 94 %
Revenue growth 1.5% 4.0% 43 %

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 62, STEFAN PAPIR AS does better than 73% of companies in the Morning class Micro in the same sector (11,388 companies) in 2025.

Over time

Score 2023–2025

CompanyMedian0255075100202320242025
  • STEFAN PAPIR AS
  • Median: companies in the Morning class Micro in the same sector
Summary analysis

STEFAN PAPIR AS has a score of 62 for 2025, rank 6,244 of 23,059 in the sector.

Strongest: Solidity: percentile 95 against peers, equity ratio 89.4% against a median of 33.8%. Liquidity: percentile 94 against peers, current ratio 9.42 against a median of 1.75.

Weakest: Profitability: percentile 28 against peers, operating margin −2.2% against a median of 2.6%.

Worth a closer look

Written by fixed rules from the figures. Describes the figures, does not explain causes. Not investment or financial advice. How the summary is made

Analysis · 2025

What the numbers say

STEFAN PAPIR AS had an operating margin of −2.2% and an equity ratio of 89.4% in 2025, and ranks 6,244 of 23,059 in Handel.

No large changes in the key figures from 2024 to 2025.

This text is generated automatically from the 2025 accounts.

Estimated value · 2025

Three simple methods

One method gives a figure: 1 MNOK.

MethodInputMultipleEstimate
P/E Net profit: 0.0 MNOK 10.0 not meaningful
EV/EBIT Operating profit: 0.0 MNOK 8.0 not meaningful
P/B Equity: 1.4 MNOK 1.0 1 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

Indications · 2025

Worth a closer look

  • watch

    The company made a loss before tax. Are these one-off items or a pattern?

    Based on: Profit margin −3.0% (median 2.2%).

Indications based on the latest annual accounts from open data. Not investment or financial advice.

Financial costs were 6.5% 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

No anomalies found in the figures.

Stress test · 2022

Scenario analysis: the sector's weakest year

We have no accounts for 2022, the sector's weakest year, for this company.

The sector's weakest year was 2022, with a median operating margin of 1.5%. Based on the 11 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology

Components · 2025

What the score is made of

Profitability28 weight 30%
Solidity95 weight 25%
Liquidity94 weight 15%
Growth43 weight 15%
Consistency61 weight 15%

Durability: 65 (average over 3 years)

Index version 2. Data completeness 100%: the share of the weights that had data.

2025

Questions and answers

How profitable is STEFAN PAPIR AS?

The operating margin was −2.2% in 2025, against a median of 2.6% among companies in the Morning class Micro in the same sector. Return on assets was −1.5%. The company made a loss before tax.

How solid is STEFAN PAPIR AS?

The equity ratio was 89.4% in 2025 (median 33.8%). Debt-to-equity was 0.12 (median 1.23).

What is the liquidity of STEFAN PAPIR AS like?

The current ratio was 9.42 in 2025 (median 1.75).

How does STEFAN PAPIR AS compare in Handel?

STEFAN PAPIR AS ranks 6,244 of 23,059 in Handel for 2025. Among companies in the Morning class Micro it is number 3,074 of 11,388. Revenue changed by 1.5% from the year before.

From the Central Coordinating Register

Org. no.
912191354
Legal form
AS
Sector
Handel (46.860)
Morning company class
Micro
Employees
0–4 (not registered)
Founded
20 May 2013 13 years in operation
Share capital
0.36 MNOK
Business address
c/o Jan Rune Yanni Vikan, Eiriks gate 13A, 0650 OSLO
Municipality
Oslo rank 63–220 of 357 in Norway
Audit
Audit opted out from 16 November 2024
Latest accounts filed
2025
Website
www.stefanpapir.no

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
Stefan-Mats Oliver Govasli
Chair of the board
Jan Rune Yanni Vikan
Board member
Stefan-Mats Oliver Govasli
Deputy member
Maria Noer Fasting

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.

Report an issue

Figures last fetched 26 October 2026.

Details

Year by year · 2023–2025

Key figure202320242025Trend
Index735962
Rank3,5977,3256,244
Operating margin0.3%−3.2%−2.2%
Return on assets0.3%−2.0%−1.5%
Equity ratio89.3%90.1%89.4%
Current ratio9.3610.159.42
Revenue growth–−7.4%1.5%

Accounts

From the Brønnøysund Register Centre, in the company's reporting currency (NOK).

Key figure202320242025
Operating revenue1.2 MNOK1.1 MNOK1.1 MNOK
Operating profit0.0 MNOK0.0 MNOK0.0 MNOK
Profit before tax0.0 MNOK0.0 MNOK0.0 MNOK
Net profit0.0 MNOK0.0 MNOK0.0 MNOK
Financial expenses0.0 MNOK0.0 MNOK0.0 MNOK
Total assets1.6 MNOK1.6 MNOK1.5 MNOK
Current assets1.6 MNOK1.6 MNOK1.5 MNOK
Equity1.4 MNOK1.4 MNOK1.4 MNOK
Retained earnings1.1 MNOK1.0 MNOK1.0 MNOK
Total liabilities0.2 MNOK0.2 MNOK0.2 MNOK
Current liabilities0.2 MNOK0.2 MNOK0.2 MNOK

Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 7027050.

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