Hegelstad AS
Score · fiscal year 2025
59of 100
How to read this: the company is ahead of 66 % of companies in the Morning class Small in the same sector in 2025. What does this mean?
Rank in the Morning class Small: 179 of 522 · What are Morning company classes?
Place in the whole sector: 763 of 2,392 · Industri
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 94 and solidity 49 out of 100 among companies in the Morning class Small in the same sector in 2025. Methodology
Against the sector
Hegelstad AS is 7 points above the median for companies in the Morning class Small in the same sector in 2025.
Median score 52 among 522 companies.
Against companies in the Morning class Small in the same sector in 2025: operating margin 17.6% (median 4.6%) and equity ratio 41.3% (median 40.8%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 33 MNOK | 21 MNOK |
| Operating margin | 17.6% | 4.6% |
| Profit margin | 19.0% | 4.1% |
| Return on assets | 64.9% | 9.9% |
| Equity ratio | 41.3% | 40.8% |
| Debt-to-equity | 1.42 | 1.35 |
| Current ratio | 1.33 | 1.67 |
| Revenue growth | −3.8% | 5.9% |
| Revenue per employee | 1.67 MNOK | 1.65 MNOK |
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 59, Hegelstad AS does better than 66% of companies in the Morning class Small in the same sector (522 companies) in 2025.
Score 2023–2025
- Hegelstad AS
- Median: companies in the Morning class Small in the same sector
Hegelstad AS has a score of 59 for 2025, rank 763 of 2,392 in the sector.
Strongest: Profitability: percentile 94 against peers, operating margin 17.6% against a median of 4.6%. Consistency: percentile 67 against peers.
Weakest: Growth: percentile 26 against peers, revenue growth −3.8% against a median of 5.9%. Liquidity: percentile 32 against peers, current ratio 1.33 against a median of 1.67.
Worth a closer look
- What lies behind weak growth, 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
Hegelstad AS had an operating margin of 17.6% and an equity ratio of 41.3% in 2025, and ranks 763 of 2,392 in Industri.
From 2024 to 2025: the equity ratio fell from 55.3% to 41.3%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 4 MNOK and 51 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 50 MNOK |
| EV/EBIT | 8.0 | 51 MNOK |
| P/B | 1.0 | 4 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 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
No anomalies found in the figures.
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 −0.8%. 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 | 94 | weight 30% |
|---|---|---|
| Solidity | 49 | weight 25% |
| Liquidity | 32 | weight 15% |
| Growth | 26 | weight 15% |
| Consistency | 67 | weight 15% |
Durability: 69 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Hegelstad AS?
The operating margin was 17.6% in 2025, against a median of 4.6% among companies in the Morning class Small in the same sector. Return on assets was 64.9%.
How solid is Hegelstad AS?
The equity ratio was 41.3% in 2025 (median 40.8%). Debt-to-equity was 1.42 (median 1.35).
What is the liquidity of Hegelstad AS like?
The current ratio was 1.33 in 2025 (median 1.67).
How does Hegelstad AS compare in Industri?
Hegelstad AS ranks 763 of 2,392 in Industri for 2025. Among companies in the Morning class Small it is number 179 of 522. Revenue changed by −3.8% from the year before.
From the Central Coordinating Register
- Org. no.
- 912573893
- Legal form
- AS
- Sector
- Industri (25.120)
- Morning company class
- Small
- Employees
- 20 registered 10 October 2026
- Founded
- 7 October 2013 13 years in operation
- Share capital
- 0.03 MNOK
- Business address
- Fabrikkvegen 6, 4362 VIGRESTAD (HÅ)
- Municipality
- Hå rank 10–35 of 38 in KOSTRA group 7
- 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
- Trygve Hegelstad
- Chair of the board
- Trygve Hegelstad
- Board member
- Gustav Hegelstad
- Board member
- Morten Hegelstad
- Board member
- Markus Hegelstad
- Auditor
- BDO AS
- Accountant
- HÅ Rekneskapslag SA
Source: Central Coordinating Register, fetched 1 November 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 | 69 | 79 | 59 | |
| Rank | 511 | 123 | 763 | |
| Operating margin | 19.0% | 17.9% | 17.6% | |
| Return on assets | 34.0% | 36.0% | 64.9% | |
| Equity ratio | 44.0% | 55.3% | 41.3% | |
| Current ratio | 1.53 | 1.99 | 1.33 | |
| Revenue growth | – | 27.9% | −3.8% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 27.2 MNOK | 34.8 MNOK | 33.5 MNOK |
| Operating profit | 5.2 MNOK | 6.2 MNOK | 5.9 MNOK |
| Profit before tax | 5.5 MNOK | 6.7 MNOK | 6.4 MNOK |
| Net profit | 4.3 MNOK | 5.2 MNOK | 5.0 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Total assets | 16.2 MNOK | 18.6 MNOK | 9.8 MNOK |
| Current assets | 13.8 MNOK | 16.5 MNOK | 7.6 MNOK |
| Equity | 7.1 MNOK | 10.3 MNOK | 4.0 MNOK |
| Retained earnings | 7.1 MNOK | 10.3 MNOK | 4.0 MNOK |
| Total liabilities | 9.1 MNOK | 8.3 MNOK | 5.8 MNOK |
| Current liabilities | 9.1 MNOK | 8.3 MNOK | 5.8 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 30 October 2026, accounts id 7007106.
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