HIAB NORWAY AS
Score · fiscal year 2025
41of 100
How to read this: the company is ahead of 31 % of medium-sized companies in the same sector in 2025. What does this mean?
Rank: 26,052 of 38,669 · Handel
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 43 and solidity 44 out of 100 among medium-sized companies in the same sector in 2025. Methodology
Against the sector
HIAB NORWAY AS is 8 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 2.9% (median 3.2%) and equity ratio 29.6% (median 32.6%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 227 MNOK | 173 MNOK |
| Operating margin | 2.9% | 3.2% |
| Profit margin | 3.0% | 3.2% |
| Return on assets | 8.7% | 11.6% |
| Equity ratio | 29.6% | 32.6% |
| Debt-to-equity | 2.38 | 2.03 |
| Current ratio | 1.42 | 1.38 |
| Revenue growth | −20.9% | 6.8% |
| Revenue per employee | 12.61 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 41, HIAB NORWAY AS does better than 31% of medium-sized companies in the same sector (2,203 companies) in 2025.
Score 2023–2025
- HIAB NORWAY AS
- Median: medium-sized companies in the same sector
HIAB NORWAY AS has a score of 41 for 2025, rank 26,052 of 38,669 in the sector.
Strongest: Consistency: percentile 56 against peers.
Weakest: Growth: percentile 4 against peers, revenue growth −20.9% against a median of 6.8%.
Worth a closer look
- What lies behind weak growth, 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
HIAB NORWAY AS had an operating margin of 2.9% and an equity ratio of 29.6% in 2025, and ranks 26,052 of 38,669 in Handel.
From 2024 to 2025: revenue fell by 21% and the equity ratio fell from 35.2% to 29.6%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 24 MNOK and 53 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 53 MNOK |
| EV/EBIT | 8.0 | 46 MNOK |
| P/B | 1.0 | 24 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 0.5% 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.
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 | 43 | weight 30% |
|---|---|---|
| Solidity | 44 | weight 25% |
| Liquidity | 53 | weight 15% |
| Growth | 4 | weight 15% |
| Consistency | 56 | weight 15% |
Durability: 50 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is HIAB NORWAY AS?
The operating margin was 2.9% in 2025, against a median of 3.2% among medium-sized companies in the same sector. Return on assets was 8.7%.
How solid is HIAB NORWAY AS?
The equity ratio was 29.6% in 2025 (median 32.6%). Debt-to-equity was 2.38 (median 2.03).
What is the liquidity of HIAB NORWAY AS like?
The current ratio was 1.42 in 2025 (median 1.38).
How does HIAB NORWAY AS compare in Handel?
HIAB NORWAY AS ranks 26,052 of 38,669 in Handel for 2025. Among companies of the same size (medium-sized companies) it ranks 1,528 of 2,203. Revenue changed by −20.9% from the year before.
From the Central Coordinating Register
- Org. no.
- 912799239
- Legal form
- AS
- Sector
- Handel (46.640)
- Size tier
- medium
- Employees
- 18 registered 10 December 2025
- Founded
- 25 September 2013 13 years in operation
- Share capital
- 0.24 MNOK
- Business address
- Fetveien 21, 2007 KJELLER (LILLESTRØM)
- Municipality
- Lillestrøm rank 7 of 11 in KOSTRA group 12
- Latest accounts filed
- 2025
- LEI
- 549300XCTJ1X756WMR14 not renewed (lapsed)
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
- Espen Solhaug
- Chair of the board
- Heikki Tuomas Vajavaara
- Board member
- Thi Minh Thao Le
- Board member
- Taina Johanna Tirkkonen
- Auditor
- ERNST & YOUNG AS
- Accountant
- AZETS INSIGHT 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 | 55 | 54 | 41 | |
| Rank | 14,261 | 16,088 | 26,052 | |
| Operating margin | 10.9% | 3.6% | 2.9% | |
| Return on assets | 38.5% | 18.1% | 8.7% | |
| Equity ratio | 19.4% | 35.2% | 29.6% | |
| Current ratio | 1.26 | 1.48 | 1.42 | |
| Revenue growth | – | −10.9% | −20.9% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 322.0 MNOK | 286.9 MNOK | 227.0 MNOK |
| Operating profit | 35.0 MNOK | 10.4 MNOK | 6.6 MNOK |
| Profit before tax | 34.4 MNOK | 10.8 MNOK | 6.8 MNOK |
| Net profit | 26.8 MNOK | 8.4 MNOK | 5.3 MNOK |
| Financial expenses | 4.6 MNOK | 0.7 MNOK | 0.3 MNOK |
| Total assets | 101.1 MNOK | 63.9 MNOK | 82.0 MNOK |
| Current assets | 96.5 MNOK | 53.1 MNOK | 71.4 MNOK |
| Equity | 19.6 MNOK | 22.5 MNOK | 24.3 MNOK |
| Retained earnings | 19.4 MNOK | 22.2 MNOK | 24.0 MNOK |
| Total liabilities | 81.5 MNOK | 41.4 MNOK | 57.7 MNOK |
| Current liabilities | 76.8 MNOK | 35.8 MNOK | 50.3 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 6835534.
Further
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