TFS & CO AS
Score · fiscal year 2025
28of 100
How to read this: the company is ahead of 17 % of companies in the Morning class Micro in the same sector in 2025. What does this mean?
Rank in the Morning class Micro: 10,654 of 12,873 · What are Morning company classes?
Place in the whole sector: 17,120 of 20,339 · Bygg og anlegg
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 68 and solidity 0 out of 100 among companies in the Morning class Micro in the same sector in 2025. Methodology
Against the sector
TFS & CO AS is 22 points below the median for companies in the Morning class Micro in the same sector in 2025.
Median score 50 among 12,866 companies.
Against companies in the Morning class Micro in the same sector in 2025: operating margin 4.8% (median 3.5%) and equity ratio −1,196.4% (median 32.8%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 1 MNOK | 3 MNOK |
| Operating margin | 4.8% | 3.5% |
| Profit margin | 3.8% | 3.0% |
| Return on assets | 25.7% | 7.8% |
| Equity ratio | −1,196.4% | 32.8% |
| Debt-to-equity | – | 1.43 |
| Current ratio | 0.34 | 1.41 |
| Revenue growth | −40.3% | 6.1% |
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 28, TFS & CO AS does better than 17% of companies in the Morning class Micro in the same sector (12,873 companies) in 2025.
Score 2023–2025
- TFS & CO AS
- Median: companies in the Morning class Micro in the same sector
TFS & CO AS has a score of 28 for 2025, rank 17,120 of 20,339 in the sector.
Strongest: Profitability: percentile 68 against peers, operating margin 4.8% against a median of 3.5%.
Weakest: Solidity: percentile 0 against peers, equity ratio −1,196.4% against a median of 32.8%. Liquidity: percentile 5 against peers, current ratio 0.34 against a median of 1.41.
Worth a closer look
- Equity is negative. How will it be rebuilt, and what do lenders and the auditor say about going concern? Based on: equity ratio −1,196.4% (median 32.8%).
- Consider strengthening liquidity: current liabilities are 3.0 times current assets. Based on: current ratio 0.34 (median 1.41).
- What lies behind weak solidity, 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
TFS & CO AS had an operating margin of 4.8% and an equity ratio of −1,196.4% in 2025, and ranks 17,120 of 20,339 in Bygg og anlegg.
From 2024 to 2025: the equity ratio rose from −3,157.1% to −1,196.4% and revenue fell by 40%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 1 MNOK and 1 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 1 MNOK |
| EV/EBIT | 8.0 | 1 MNOK |
| P/B | 1.0 | not meaningful |
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
- critical
Equity is negative. How will it be rebuilt, and what do lenders and the auditor say about going concern?
Based on: Equity ratio −1,196.4% (median 32.8%).
- critical
Consider strengthening liquidity: current liabilities are 3.0 times current assets.
Based on: Current ratio 0.34 (median 1.41).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 0.4% 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
- critical Negative equity
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 | 68 | weight 30% |
|---|---|---|
| Solidity | 0 | weight 25% |
| Liquidity | 5 | weight 15% |
| Growth | 6 | weight 15% |
| Consistency | 39 | weight 15% |
Durability: 19 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is TFS & CO AS?
The operating margin was 4.8% in 2025, against a median of 3.5% among companies in the Morning class Micro in the same sector. Return on assets was 25.7%.
How solid is TFS & CO AS?
The equity ratio was −1,196.4% in 2025 (median 32.8%). Equity is negative, so liabilities exceed assets.
What is the liquidity of TFS & CO AS like?
The current ratio was 0.34 in 2025 (median 1.41). Current assets did not cover current liabilities.
How does TFS & CO AS compare in Bygg og anlegg?
TFS & CO AS ranks 17,120 of 20,339 in Bygg og anlegg for 2025. Among companies in the Morning class Micro it is number 10,654 of 12,873. Revenue changed by −40.3% from the year before.
From the Central Coordinating Register
- Org. no.
- 913407075
- Legal form
- AS
- Sector
- Bygg og anlegg (41.000)
- Morning company class
- Micro
- Employees
- 0–4 (not registered)
- Founded
- 18 March 2014 12 years in operation
- Share capital
- 0.03 MNOK
- Business address
- Bruksenhetsnummer H0301, Kirkeveien 85D, 1344 HASLUM (BÆRUM)
- Municipality
- Bærum rank 1 of 11 in KOSTRA group 12
- Audit
- Audit opted out from 26 March 2014
- 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
Loading roles …
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 | 0 | 29 | 28 | |
| Rank | 18,339 | 15,980 | 17,120 | |
| Operating margin | −36.2% | 9.1% | 4.8% | |
| Return on assets | −972.7% | 206.4% | 25.7% | |
| Equity ratio | −2,784.6% | −3,157.1% | −1,196.4% | |
| Current ratio | −0.01 | 0.17 | 0.34 | |
| Revenue growth | – | −30.0% | −40.3% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 3.3 MNOK | 2.3 MNOK | 1.4 MNOK |
| Operating profit | −1.2 MNOK | 0.2 MNOK | 0.1 MNOK |
| Profit before tax | −1.2 MNOK | 0.2 MNOK | 0.1 MNOK |
| Net profit | −1.2 MNOK | 0.2 MNOK | 0.1 MNOK |
| Financial expenses | 0.1 MNOK | 0.0 MNOK | 0.0 MNOK |
| Total assets | 0.1 MNOK | 0.1 MNOK | 0.3 MNOK |
| Current assets | 0.0 MNOK | 0.1 MNOK | 0.2 MNOK |
| Equity | −3.4 MNOK | −3.2 MNOK | −3.1 MNOK |
| Retained earnings | −3.4 MNOK | −3.2 MNOK | −3.1 MNOK |
| Total liabilities | 3.5 MNOK | 3.3 MNOK | 3.3 MNOK |
| Current liabilities | 3.2 MNOK | 0.7 MNOK | 0.7 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 7003440.
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