HAGA AS
Score · fiscal year 2025
29of 100
How to read this: the company is ahead of 11 % of medium-sized companies in the same sector in 2025. What does this mean?
Rank: 17,061 of 20,440 · Bygg og anlegg
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 16 and solidity 8 out of 100 among medium-sized companies in the same sector in 2025. Methodology
Against the sector
HAGA AS is 21 points below the median for medium-sized companies in the same sector in 2025.
Median score 50 among 870 companies.
Against medium-sized companies in the same sector in 2025: operating margin 0.3% (median 4.6%) and equity ratio 10.3% (median 28.9%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 112 MNOK | 178 MNOK |
| Operating margin | 0.3% | 4.6% |
| Profit margin | 0.4% | 4.6% |
| Return on assets | 1.4% | 11.5% |
| Equity ratio | 10.3% | 28.9% |
| Debt-to-equity | 8.68 | 2.44 |
| Current ratio | 1.10 | 1.35 |
| Revenue growth | 73.6% | 6.6% |
| Revenue per employee | 1.84 MNOK | 3.09 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 29, HAGA AS does better than 11% of medium-sized companies in the same sector (871 companies) in 2025.
Score 2023–2025
- HAGA AS
- Median: medium-sized companies in the same sector
HAGA AS has a score of 29 for 2025, rank 17,061 of 20,440 in the sector.
Strongest: Growth: percentile 94 against peers, revenue growth 73.6% against a median of 6.6%.
Weakest: Solidity: percentile 8 against peers, equity ratio 10.3% against a median of 28.9%. Profitability: percentile 16 against peers, operating margin 0.3% against a median of 4.6%.
Worth a closer look
- The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors? Based on: operating margin 0.3% (median 4.6%).
- Strong growth with weak liquidity. Is the growth financed, or does it tie up capital the company does not have? Based on: revenue growth 73.6% (median 6.6%); current ratio 1.10 (median 1.35).
- What lies behind weak solidity, and will it last?
- What lies behind weak profitability, 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
HAGA AS had an operating margin of 0.3% and an equity ratio of 10.3% in 2025, and ranks 17,061 of 20,440 in Bygg og anlegg.
From 2024 to 2025: revenue grew by 74% and the operating margin fell from 3.3% to 0.3%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 3 MNOK and 6 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 3 MNOK |
| EV/EBIT | 8.0 | 6 MNOK |
| P/B | 1.0 | 3 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
The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors?
Based on: Operating margin 0.3% (median 4.6%).
- 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 73.6% (median 6.6%); Current ratio 1.10 (median 1.35).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 0.1% 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 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 | 16 | weight 30% |
|---|---|---|
| Solidity | 8 | weight 25% |
| Liquidity | 19 | weight 15% |
| Growth | 94 | weight 15% |
| Consistency | 32 | weight 15% |
Durability: 29 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is HAGA AS?
The operating margin was 0.3% in 2025, against a median of 4.6% among medium-sized companies in the same sector. Return on assets was 1.4%.
How solid is HAGA AS?
The equity ratio was 10.3% in 2025 (median 28.9%). Debt-to-equity was 8.68 (median 2.44).
What is the liquidity of HAGA AS like?
The current ratio was 1.10 in 2025 (median 1.35).
How does HAGA AS compare in Bygg og anlegg?
HAGA AS ranks 17,061 of 20,440 in Bygg og anlegg for 2025. Among companies of the same size (medium-sized companies) it ranks 772 of 871. Revenue changed by 73.6% from the year before.
Public contracts
- Contracts awarded since 2024
- 0
- Total awarded value since 2024
- value not stated
| Date | Buyer | Notice | Value |
|---|---|---|---|
| 4 December 2020 | Randaberg kommune | VA-Sanering Varen | 4.0 MNOK |
Based on notices in Doffin. Does not show call-offs under framework agreements or purchases below the publication threshold. Values are as stated by the buyer.
Source: Doffin (DFØ), fetched 27 October 2026. Winners are matched on organisation number.
Contains data under the Norwegian licence for public data (NLOD 2.0) made available by Doffin/the Norwegian Agency for Public and Financial Management (DFØ). NLOD 2.0
From the Central Coordinating Register
- Org. no.
- 916774680
- Legal form
- AS
- Sector
- Bygg og anlegg (43.990)
- Size tier
- medium
- Employees
- 61 registered 10 October 2026
- Founded
- 16 February 2016 10 years in operation
- Share capital
- 1.02 MNOK
- Business address
- Travbaneveien 3, 4031 STAVANGER
- Municipality
- Stavanger rank 5 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
- Stian Byberg
- Chair of the board
- Tommy Haga
- Auditor
- IDSØ & RAVNÅS REVISJON AS
- Accountant
- BRAINIACS 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 | 15 | 43 | 29 | |
| Rank | 16,676 | 12,438 | 17,061 | |
| Operating margin | −5.2% | 3.3% | 0.3% | |
| Return on assets | −13.2% | 9.8% | 1.4% | |
| Equity ratio | 6.8% | 13.3% | 10.3% | |
| Current ratio | 0.94 | 1.06 | 1.10 | |
| Revenue growth | – | 69.2% | 73.6% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 38.3 MNOK | 64.7 MNOK | 112.4 MNOK |
| Operating profit | −2.0 MNOK | 2.2 MNOK | 0.4 MNOK |
| Profit before tax | −2.0 MNOK | 2.1 MNOK | 0.4 MNOK |
| Net profit | −1.6 MNOK | 2.0 MNOK | 0.3 MNOK |
| Financial expenses | 0.1 MNOK | 0.1 MNOK | 0.0 MNOK |
| Total assets | 14.6 MNOK | 22.6 MNOK | 32.4 MNOK |
| Current assets | 11.7 MNOK | 20.7 MNOK | 29.4 MNOK |
| Equity | 1.0 MNOK | 3.0 MNOK | 3.3 MNOK |
| Retained earnings | 0.0 MNOK | 2.0 MNOK | 2.3 MNOK |
| Total liabilities | 13.6 MNOK | 19.6 MNOK | 29.0 MNOK |
| Current liabilities | 12.5 MNOK | 19.5 MNOK | 26.7 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 6406953.
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