The Switch Marine Drives Norway AS
Score · fiscal year 2025
45of 100
How to read this: the company is ahead of 38 % of companies in the Morning class Medium in the same sector in 2025. What does this mean?
Rank in the Morning class Medium: 700 of 1,127 · What are Morning company classes?
Place in the whole sector: 1,791 of 2,930 · Industri
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 44 and solidity 17 out of 100 among companies in the Morning class Medium in the same sector in 2025. Methodology
Against the sector
The Switch Marine Drives Norway AS is 6 points below the median for companies in the Morning class Medium in the same sector in 2025.
Median score 51 among 1,127 companies.
Against companies in the Morning class Medium in the same sector in 2025: operating margin 5.2% (median 4.7%) and equity ratio 20.2% (median 39.3%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 220 MNOK | 129 MNOK |
| Operating margin | 5.2% | 4.7% |
| Profit margin | 3.8% | 4.6% |
| Return on assets | 6.2% | 10.0% |
| Equity ratio | 20.2% | 39.3% |
| Debt-to-equity | 3.95 | 1.50 |
| Current ratio | 1.68 | 1.53 |
| Revenue growth | 41.9% | 6.3% |
| Revenue per employee | 4.41 MNOK | 2.68 MNOK |
The median and “ahead of” refer to companies in the Morning class Medium in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 45, The Switch Marine Drives Norway AS does better than 38% of companies in the Morning class Medium in the same sector (1,127 companies) in 2025.
Score 2023–2025
- The Switch Marine Drives Norway AS
- Median: companies in the Morning class Medium in the same sector
The Switch Marine Drives Norway AS has a score of 45 for 2025, rank 1,791 of 2,930 in the sector.
Strongest: Growth: percentile 93 against peers, revenue growth 41.9% against a median of 6.3%.
Weakest: Solidity: percentile 17 against peers, equity ratio 20.2% against a median of 39.3%. Consistency: percentile 33 against peers.
Worth a closer look
- What lies behind weak solidity, and will it last?
- What lies behind weak consistency, 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
The Switch Marine Drives Norway AS had an operating margin of 5.2% and an equity ratio of 20.2% in 2025, and ranks 1,791 of 2,930 in Industri.
From 2024 to 2025: the operating margin fell from 14.6% to 5.2% and revenue grew by 42%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 3 MEUR and 7 MEUR.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 7 MEUR |
| EV/EBIT | 8.0 | 4 MEUR |
| P/B | 1.0 | 3 MEUR |
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 2.6% 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
- watch Reports in a currency other than NOK
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 0.0%. 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 | 44 | weight 30% |
|---|---|---|
| Solidity | 17 | weight 25% |
| Liquidity | 57 | weight 15% |
| Growth | 93 | weight 15% |
| Consistency | 33 | weight 15% |
Durability: 40 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is The Switch Marine Drives Norway AS?
The operating margin was 5.2% in 2025, against a median of 4.7% among companies in the Morning class Medium in the same sector. Return on assets was 6.2%.
How solid is The Switch Marine Drives Norway AS?
The equity ratio was 20.2% in 2025 (median 39.3%). Debt-to-equity was 3.95 (median 1.50).
What is the liquidity of The Switch Marine Drives Norway AS like?
The current ratio was 1.68 in 2025 (median 1.53).
How does The Switch Marine Drives Norway AS compare in Industri?
The Switch Marine Drives Norway AS ranks 1,791 of 2,930 in Industri for 2025. Among companies in the Morning class Medium it is number 700 of 1,127. Revenue changed by 41.9% from the year before.
From the Central Coordinating Register
- Org. no.
- 917129436
- Legal form
- AS
- Sector
- Industri (27.110)
- Morning company class
- Medium
- Employees
- 50 registered 10 October 2026
- Founded
- 27 April 2016 10 years in operation
- Share capital
- 16.23 MNOK
- Business address
- Grunnavågsvegen 32, 5410 SAGVÅG (STORD)
- Municipality
- Stord rank 6–23 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
Loading roles …
Source: Central Coordinating Register, fetched 31 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 31 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 19 | 55 | 45 | |
| Rank | 2,573 | 1,199 | 1,791 | |
| Operating margin | −44.9% | 14.6% | 5.2% | |
| Return on assets | −38.3% | 15.9% | 6.2% | |
| Equity ratio | 12.5% | 21.5% | 20.2% | |
| Current ratio | 2.40 | 3.73 | 1.68 | |
| Revenue growth | – | – | 41.9% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (EUR). Revenue in NOK is converted from EUR at the mean rate for the accounting period 1 January 2025–31 December 2025: 11.7177 (norges_bank). Balance-sheet amounts use the rate on the balance-sheet date. Ratios and growth are computed in EUR. Exchange rates at Norges Bank
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 46.9 MNOK | 13.3 MEUR | 18.8 MEUR |
| Operating profit | −21.0 MNOK | 1.9 MEUR | 1.0 MEUR |
| Profit before tax | −22.2 MNOK | 1.5 MEUR | 0.7 MEUR |
| Net profit | −22.2 MNOK | 1.5 MEUR | 0.7 MEUR |
| Financial expenses | 1.1 MNOK | 0.6 MEUR | 0.4 MEUR |
| Total assets | 54.9 MNOK | 12.9 MEUR | 17.3 MEUR |
| Current assets | 46.2 MNOK | 12.5 MEUR | 17.0 MEUR |
| Equity | 6.9 MNOK | 2.8 MEUR | 3.5 MEUR |
| Retained earnings | −39.0 MNOK | −3.0 MEUR | 2.1 MEUR |
| Total liabilities | 48.0 MNOK | 10.1 MEUR | 13.8 MEUR |
| Current liabilities | 19.3 MNOK | 3.4 MEUR | 10.1 MEUR |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 31 October 2026, accounts id 7220164.
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