TR Motor AS
Score · fiscal year 2025
48of 100
How to read this: the company is ahead of 46 % of companies in the Morning class Micro in the same sector in 2025. What does this mean?
Rank in the Morning class Micro: 6,196 of 11,388 · What are Morning company classes?
Place in the whole sector: 12,624 of 23,059 · Handel
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 37 and solidity 57 out of 100 among companies in the Morning class Micro in the same sector in 2025. Methodology
Against the sector
TR Motor AS is 2 points below the median for companies in the Morning class Micro in the same sector in 2025.
Median score 50 among 11,385 companies.
Against companies in the Morning class Micro in the same sector in 2025: operating margin 0.7% (median 2.6%) and equity ratio 47.4% (median 33.8%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 3 MNOK | 4 MNOK |
| Operating margin | 0.7% | 2.6% |
| Profit margin | −0.2% | 2.2% |
| Return on assets | 0.5% | 6.2% |
| Equity ratio | 47.4% | 33.8% |
| Debt-to-equity | 1.11 | 1.23 |
| Current ratio | 0.57 | 1.75 |
| Revenue growth | 42.9% | 4.0% |
The median and “ahead of” refer to companies in the Morning class Micro in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 48, TR Motor AS does better than 46% of companies in the Morning class Micro in the same sector (11,388 companies) in 2025.
Score 2023–2025
- TR Motor AS
- Median: companies in the Morning class Micro in the same sector
TR Motor AS has a score of 48 for 2025, rank 12,624 of 23,059 in the sector.
Strongest: Growth: percentile 85 against peers, revenue growth 42.9% against a median of 4.0%.
Weakest: Liquidity: percentile 9 against peers, current ratio 0.57 against a median of 1.75. Profitability: percentile 37 against peers, operating margin 0.7% against a median of 2.6%.
Worth a closer look
- Consider strengthening liquidity: current liabilities are 1.8 times current assets. Based on: current ratio 0.57 (median 1.75).
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin −0.2% (median 2.2%).
- Strong growth with weak liquidity. Is the growth financed, or does it tie up capital the company does not have? Based on: revenue growth 42.9% (median 4.0%); current ratio 0.57 (median 1.75).
- 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
TR Motor AS had an operating margin of 0.7% and an equity ratio of 47.4% in 2025, and ranks 12,624 of 23,059 in Handel.
From 2024 to 2025: went from a profit to a loss before tax and revenue grew by 43%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 0 MNOK and 1 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | 0 MNOK |
| P/B | 1.0 | 1 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 1.8 times current assets.
Based on: Current ratio 0.57 (median 1.75).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −0.2% (median 2.2%).
- 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 42.9% (median 4.0%); Current ratio 0.57 (median 1.75).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 1.7% 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
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 1.5%. 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 | 37 | weight 30% |
|---|---|---|
| Solidity | 57 | weight 25% |
| Liquidity | 9 | weight 15% |
| Growth | 85 | weight 15% |
| Consistency | 57 | 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 TR Motor AS?
The operating margin was 0.7% in 2025, against a median of 2.6% among companies in the Morning class Micro in the same sector. Return on assets was 0.5%. The company made a loss before tax.
How solid is TR Motor AS?
The equity ratio was 47.4% in 2025 (median 33.8%). Debt-to-equity was 1.11 (median 1.23).
What is the liquidity of TR Motor AS like?
The current ratio was 0.57 in 2025 (median 1.75). Current assets did not cover current liabilities.
How does TR Motor AS compare in Handel?
TR Motor AS ranks 12,624 of 23,059 in Handel for 2025. Among companies in the Morning class Micro it is number 6,196 of 11,388. Revenue changed by 42.9% from the year before.
From the Central Coordinating Register
- Org. no.
- 919098015
- Legal form
- AS
- Sector
- Handel (47.810)
- Morning company class
- Micro
- Employees
- 0–4 (not registered)
- Founded
- 24 February 2017 9 years in operation
- Share capital
- 0.15 MNOK
- Business address
- C/O Terje Lindgren, Graslijordet 20A, 4700 VENNESLA
- Municipality
- Vennesla rank 15–31 of 38 in KOSTRA group 7
- Audit
- Audit opted out from 8 June 2017
- 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
- Terje Lindgren
- Chair of the board
- Terje Lindgren
- Accountant
- Lunden Regnskap 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 | 44 | 55 | 48 | |
| Rank | 12,435 | 9,257 | 12,624 | |
| Operating margin | −7.2% | 4.8% | 0.7% | |
| Return on assets | 25.3% | 5.3% | 0.5% | |
| Equity ratio | 40.4% | 45.5% | 47.4% | |
| Current ratio | 0.57 | 0.64 | 0.57 | |
| Revenue growth | – | 30.2% | 42.9% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 1.9 MNOK | 2.4 MNOK | 3.5 MNOK |
| Operating profit | −0.1 MNOK | 0.1 MNOK | 0.0 MNOK |
| Profit before tax | 0.6 MNOK | 0.1 MNOK | 0.0 MNOK |
| Net profit | 0.6 MNOK | 0.1 MNOK | −0.1 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Total assets | 2.3 MNOK | 2.2 MNOK | 2.0 MNOK |
| Current assets | 0.4 MNOK | 0.8 MNOK | 0.6 MNOK |
| Equity | 0.9 MNOK | 1.0 MNOK | 1.0 MNOK |
| Retained earnings | 0.8 MNOK | 0.9 MNOK | 0.8 MNOK |
| Total liabilities | 1.4 MNOK | 1.2 MNOK | 1.1 MNOK |
| Current liabilities | 0.7 MNOK | 1.2 MNOK | 1.1 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 6563637.
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