TERNEN HÅNDVERK AS
Score · fiscal year 2025
59of 100
How to read this: the company is ahead of 69 % of small companies in the same sector in 2025. What does this mean?
Rank: 8,142 of 25,886 · 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 79 and solidity 38 out of 100 among small companies in the same sector in 2025. Methodology
Against the sector
TERNEN HÅNDVERK AS is 9 points above the median for small companies in the same sector in 2025.
Median score 50 among 25,101 companies.
Against small companies in the same sector in 2025: operating margin 9.1% (median 3.6%) and equity ratio 28.5% (median 34.1%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 25 MNOK | 2 MNOK |
| Operating margin | 9.1% | 3.6% |
| Profit margin | 9.2% | 3.3% |
| Return on assets | 39.9% | 5.6% |
| Equity ratio | 28.5% | 34.1% |
| Debt-to-equity | 2.51 | 1.29 |
| Current ratio | 0.81 | 1.40 |
| Revenue growth | 35.2% | 4.2% |
| Revenue per employee | 1.67 MNOK | 1.42 MNOK |
The median and “ahead of” refer to small companies in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 59, TERNEN HÅNDVERK AS does better than 69% of small companies in the same sector (25,321 companies) in 2025.
Score 2023–2025
- TERNEN HÅNDVERK AS
- Median: small companies in the same sector
TERNEN HÅNDVERK AS has a score of 59 for 2025, rank 8,142 of 25,886 in the sector.
Strongest: Profitability: percentile 79 against peers, operating margin 9.1% against a median of 3.6%. Growth: percentile 76 against peers, revenue growth 35.2% against a median of 4.2%.
Weakest: Liquidity: percentile 23 against peers, current ratio 0.81 against a median of 1.40. Solidity: percentile 38 against peers, equity ratio 28.5% against a median of 34.1%.
Worth a closer look
- Consider strengthening liquidity: current liabilities are 1.2 times current assets. Based on: current ratio 0.81 (median 1.40).
- Strong growth with weak liquidity. Is the growth financed, or does it tie up capital the company does not have? Based on: revenue growth 35.2% (median 4.2%); current ratio 0.81 (median 1.40).
- 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
TERNEN HÅNDVERK AS had an operating margin of 9.1% and an equity ratio of 28.5% in 2025, and ranks 8,142 of 25,886 in Bygg og anlegg.
From 2024 to 2025: revenue grew by 35% and the equity ratio rose from 20.4% to 28.5%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 2 MNOK and 20 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 18 MNOK |
| EV/EBIT | 8.0 | 20 MNOK |
| 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
- watch
Consider strengthening liquidity: current liabilities are 1.2 times current assets.
Based on: Current ratio 0.81 (median 1.40).
- watch
Strong growth with weak liquidity. Is the growth financed, or does it tie up capital the company does not have?
Based on: Revenue growth 35.2% (median 4.2%); Current ratio 0.81 (median 1.40).
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 2022, the sector's weakest year, for this company.
The sector's weakest year was 2022, with a median operating margin of 2.1%. 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 | 79 | weight 30% |
|---|---|---|
| Solidity | 38 | weight 25% |
| Liquidity | 23 | weight 15% |
| Growth | 76 | weight 15% |
| Consistency | 73 | weight 15% |
Durability: 49 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is TERNEN HÅNDVERK AS?
The operating margin was 9.1% in 2025, against a median of 3.6% among small companies in the same sector. Return on assets was 39.9%.
How solid is TERNEN HÅNDVERK AS?
The equity ratio was 28.5% in 2025 (median 34.1%). Debt-to-equity was 2.51 (median 1.29).
What is the liquidity of TERNEN HÅNDVERK AS like?
The current ratio was 0.81 in 2025 (median 1.40). Current assets did not cover current liabilities.
How does TERNEN HÅNDVERK AS compare in Bygg og anlegg?
TERNEN HÅNDVERK AS ranks 8,142 of 25,886 in Bygg og anlegg for 2025. Among companies of the same size (small companies) it ranks 7,924 of 25,321. Revenue changed by 35.2% 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.
- 916162693
- Legal form
- AS · part of a group
- Sector
- Bygg og anlegg (41.000)
- Size tier
- small
- Employees
- 15 registered 10 July 2026
- Founded
- 26 October 2015 11 years in operation
- Share capital
- 0.03 MNOK
- Business address
- Blåhellaveien 4B, 3477 BÅTSTØ (ASKER)
- Municipality
- Asker rank 2 of 11 in KOSTRA group 12
- 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
- Lars Randen Østhagen
- Chair of the board
- Lars Randen Østhagen
- Deputy member
- Anette Randen Østhagen
- Auditor
- STIANSEN & CO AS
- Accountant
- MGI REGNSKAP 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 | 36 | 52 | 59 | |
| Rank | 15,769 | 11,325 | 8,142 | |
| Operating margin | 2.5% | 6.3% | 9.1% | |
| Return on assets | 7.8% | 23.8% | 39.9% | |
| Equity ratio | 15.6% | 20.4% | 28.5% | |
| Current ratio | 0.75 | 0.83 | 0.81 | |
| Revenue growth | – | 24.3% | 35.2% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 14.9 MNOK | 18.6 MNOK | 25.1 MNOK |
| Operating profit | 0.4 MNOK | 1.2 MNOK | 2.3 MNOK |
| Profit before tax | 0.4 MNOK | 1.2 MNOK | 2.3 MNOK |
| Net profit | 0.3 MNOK | 0.9 MNOK | 1.8 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Total assets | 4.9 MNOK | 5.0 MNOK | 5.8 MNOK |
| Current assets | 3.1 MNOK | 3.3 MNOK | 3.3 MNOK |
| Equity | 0.8 MNOK | 1.0 MNOK | 1.6 MNOK |
| Retained earnings | 0.7 MNOK | 1.0 MNOK | 1.6 MNOK |
| Total liabilities | 4.1 MNOK | 4.0 MNOK | 4.1 MNOK |
| Current liabilities | 4.1 MNOK | 4.0 MNOK | 4.1 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 7237342.
Further
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