NETFRESH AS
Score · fiscal year 2025
47of 100
How to read this: the company is ahead of 45 % of medium-sized companies in the same sector in 2025. What does this mean?
Rank: 21,628 of 38,670 · Handel
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 90 and solidity 9 out of 100 among medium-sized companies in the same sector in 2025. Methodology
Against the sector
NETFRESH AS is 2 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 9.3% (median 3.2%) and equity ratio 9.4% (median 32.6%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 376 MNOK | 173 MNOK |
| Operating margin | 9.3% | 3.2% |
| Profit margin | 10.2% | 3.2% |
| Return on assets | 37.5% | 11.6% |
| Equity ratio | 9.4% | 32.6% |
| Debt-to-equity | 9.67 | 2.03 |
| Current ratio | 0.74 | 1.38 |
| Revenue growth | 7.6% | 6.8% |
| Revenue per employee | 28.96 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 47, NETFRESH AS does better than 45% of medium-sized companies in the same sector (2,203 companies) in 2025.
Score 2023–2025
- NETFRESH AS
- Median: medium-sized companies in the same sector
NETFRESH AS has a score of 47 for 2025, rank 21,628 of 38,670 in the sector.
Strongest: Profitability: percentile 90 against peers, operating margin 9.3% against a median of 3.2%. Consistency: percentile 62 against peers.
Weakest: Liquidity: percentile 6 against peers, current ratio 0.74 against a median of 1.38. Solidity: percentile 9 against peers, equity ratio 9.4% against a median of 32.6%.
Worth a closer look
- The equity ratio is very low. Could the company absorb a bad year, and does it need more equity? Based on: equity ratio 9.4% (median 32.6%).
- Consider strengthening liquidity: current liabilities are 1.4 times current assets. Based on: current ratio 0.74 (median 1.38).
- 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
NETFRESH AS had an operating margin of 9.3% and an equity ratio of 9.4% in 2025, and ranks 21,628 of 38,670 in Handel.
No large changes in the key figures from 2024 to 2025.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 10 MNOK and 298 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 298 MNOK |
| EV/EBIT | 8.0 | 294 MNOK |
| P/B | 1.0 | 10 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 equity ratio is very low. Could the company absorb a bad year, and does it need more equity?
Based on: Equity ratio 9.4% (median 32.6%).
- watch
Consider strengthening liquidity: current liabilities are 1.4 times current assets.
Based on: Current ratio 0.74 (median 1.38).
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 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 | 90 | weight 30% |
|---|---|---|
| Solidity | 9 | weight 25% |
| Liquidity | 6 | weight 15% |
| Growth | 52 | weight 15% |
| Consistency | 62 | weight 15% |
Durability: 45 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is NETFRESH AS?
The operating margin was 9.3% in 2025, against a median of 3.2% among medium-sized companies in the same sector. Return on assets was 37.5%.
How solid is NETFRESH AS?
The equity ratio was 9.4% in 2025 (median 32.6%). Debt-to-equity was 9.67 (median 2.03).
What is the liquidity of NETFRESH AS like?
The current ratio was 0.74 in 2025 (median 1.38). Current assets did not cover current liabilities.
How does NETFRESH AS compare in Handel?
NETFRESH AS ranks 21,628 of 38,670 in Handel for 2025. Among companies of the same size (medium-sized companies) it ranks 1,207 of 2,203. Revenue changed by 7.6% from the year before.
From the Central Coordinating Register
- Org. no.
- 918407227
- Legal form
- AS
- Sector
- Handel (46.310)
- Size tier
- medium
- Employees
- 13 registered 10 August 2026
- Founded
- 15 December 2016 9 years in operation
- Share capital
- 0.10 MNOK
- Business address
- Kjølberggata 31, 0653 OSLO
- Municipality
- Oslo rank 63–221 of 357 in Norway
- 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
- Trond Keller-Storrud
- Chair of the board
- Robert Østby Ekrem
- Board member
- Tore Mathias Therkelsen
- Board member
- Kristin Imingen Gulowsen
- Board member
- Marlene Hoff
- Board member
- Carl-Fredrik Iuell Bergan
- Auditor
- ERNST & YOUNG 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 | 36 | 52 | 47 | |
| Rank | 24,784 | 16,983 | 21,628 | |
| Operating margin | 8.3% | 9.0% | 9.3% | |
| Return on assets | 42.6% | 35.0% | 37.5% | |
| Equity ratio | 1.2% | 9.7% | 9.4% | |
| Current ratio | 1.00 | 1.10 | 0.74 | |
| Revenue growth | – | 14.3% | 7.6% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 306.0 MNOK | 349.7 MNOK | 376.4 MNOK |
| Operating profit | 25.5 MNOK | 31.3 MNOK | 34.9 MNOK |
| Profit before tax | 26.9 MNOK | 33.5 MNOK | 38.2 MNOK |
| Net profit | 20.9 MNOK | 26.1 MNOK | 29.8 MNOK |
| Financial expenses | 0.0 MNOK | – | 0.1 MNOK |
| Total assets | 63.2 MNOK | 95.6 MNOK | 102.2 MNOK |
| Current assets | 62.7 MNOK | 94.6 MNOK | 68.1 MNOK |
| Equity | 0.8 MNOK | 9.3 MNOK | 9.6 MNOK |
| Retained earnings | 0.2 MNOK | 8.5 MNOK | 8.9 MNOK |
| Total liabilities | 62.5 MNOK | 86.3 MNOK | 92.6 MNOK |
| Current liabilities | 62.5 MNOK | 86.3 MNOK | 92.6 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 7077171.
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