TENDRANETT AS
Score · fiscal year 2025
56of 100
How to read this: the company is ahead of 67 % of medium-sized companies in the same sector in 2025. What does this mean?
Rank: 316 of 870 · Kraft og energi
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 63 and solidity 70 out of 100 among medium-sized companies in the same sector in 2025. Methodology
Against the sector
TENDRANETT AS is 8 points above the median for medium-sized companies in the same sector in 2025.
Median score 48 among 148 companies.
Against medium-sized companies in the same sector in 2025: operating margin 28.5% (median 16.9%) and equity ratio 54.9% (median 41.0%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 153 MNOK | 200 MNOK |
| Operating margin | 28.5% | 16.9% |
| Profit margin | 23.2% | 13.5% |
| Return on assets | 7.4% | 6.7% |
| Equity ratio | 54.9% | 41.0% |
| Debt-to-equity | 0.82 | 1.38 |
| Current ratio | 0.53 | 1.13 |
| Revenue growth | 6.9% | 6.2% |
| Revenue per employee | 4.94 MNOK | 6.22 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 56, TENDRANETT AS does better than 67% of medium-sized companies in the same sector (148 companies) in 2025.
Score 2023–2025
- TENDRANETT AS
- Median: medium-sized companies in the same sector
TENDRANETT AS has a score of 56 for 2025, rank 316 of 870 in the sector.
Strongest: Solidity: percentile 70 against peers, equity ratio 54.9% against a median of 41.0%. Profitability: percentile 63 against peers, operating margin 28.5% against a median of 16.9%.
Weakest: Liquidity: percentile 17 against peers, current ratio 0.53 against a median of 1.13.
Worth a closer look
- Consider strengthening liquidity: current liabilities are 1.9 times current assets. Based on: current ratio 0.53 (median 1.13).
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
TENDRANETT AS had an operating margin of 28.5% and an equity ratio of 54.9% in 2025, and ranks 316 of 870 in Kraft og energi.
From 2024 to 2025: the operating margin rose from 25.5% to 28.5%.
TENDRANETT AS did better than the sector in 2025, the sector's weakest year.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 251 MNOK and 330 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 277 MNOK |
| EV/EBIT | 8.0 | 251 MNOK |
| P/B | 1.0 | 330 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 1.9 times current assets.
Based on: Current ratio 0.53 (median 1.13).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 3.3% 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
The operating margin was 28.5% in 2025 (sector median 15.8%), and the equity ratio 54.9%. In the other years the operating margin averaged 23.2%.
The sector's weakest year was 2025, with a median operating margin of 15.8%. Based on the 5 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 63 | weight 30% |
|---|---|---|
| Solidity | 70 | weight 25% |
| Liquidity | 17 | weight 15% |
| Growth | 54 | weight 15% |
| Consistency | 61 | weight 15% |
Durability: 51 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is TENDRANETT AS?
The operating margin was 28.5% in 2025, against a median of 16.9% among medium-sized companies in the same sector. Return on assets was 7.4%.
How solid is TENDRANETT AS?
The equity ratio was 54.9% in 2025 (median 41.0%). Debt-to-equity was 0.82 (median 1.38).
What is the liquidity of TENDRANETT AS like?
The current ratio was 0.53 in 2025 (median 1.13). Current assets did not cover current liabilities.
How does TENDRANETT AS compare in Kraft og energi?
TENDRANETT AS ranks 316 of 870 in Kraft og energi for 2025. Among companies of the same size (medium-sized companies) it ranks 50 of 148. Revenue changed by 6.9% from the year before.
From the Central Coordinating Register
- Org. no.
- 918999361
- Legal form
- AS
- Sector
- Kraft og energi (35.140)
- Size tier
- medium
- Employees
- 31 registered 10 September 2026
- Founded
- 19 April 2017 9 years in operation
- Share capital
- 30.00 MNOK
- Business address
- Brynalii 66, 5705 VOSS
- Municipality
- Voss rank 1–16 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
- Chief executive
- Jon Magne Herre
- Chair of the board
- Arne Tillung
- Board member
- Katharina Månum
- Auditor
- CEDRA NORGE 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 | 41 | 57 | 56 | |
| Rank | 577 | 278 | 316 | |
| Operating margin | 20.8% | 25.5% | 28.5% | |
| Return on assets | 5.2% | 6.6% | 7.4% | |
| Equity ratio | 50.4% | 53.5% | 54.9% | |
| Current ratio | 0.55 | 0.44 | 0.53 | |
| Revenue growth | – | 12.5% | 6.9% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 127.5 MNOK | 143.4 MNOK | 153.2 MNOK |
| Operating profit | 26.5 MNOK | 36.6 MNOK | 43.7 MNOK |
| Profit before tax | 19.2 MNOK | 30.3 MNOK | 35.5 MNOK |
| Net profit | 15.0 MNOK | 23.7 MNOK | 27.7 MNOK |
| Financial expenses | 8.2 MNOK | 6.7 MNOK | 8.9 MNOK |
| Total assets | 525.7 MNOK | 562.8 MNOK | 600.4 MNOK |
| Current assets | 66.6 MNOK | 74.1 MNOK | 89.7 MNOK |
| Equity | 264.8 MNOK | 300.9 MNOK | 329.6 MNOK |
| Retained earnings | 9.9 MNOK | 33.6 MNOK | 61.3 MNOK |
| Total liabilities | 260.9 MNOK | 262.0 MNOK | 270.8 MNOK |
| Current liabilities | 121.9 MNOK | 168.5 MNOK | 170.0 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 6910772.
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