HARMA AS
Score · fiscal year 2023
29of 100
How to read this: the company is ahead of 21 % of small companies in the same sector in 2023. What does this mean?
Rank: 27,580 of 34,736 · Handel
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2023, not a verdict on the company. Based on profitability 62 and solidity 0 out of 100 among small companies in the same sector in 2023. Methodology
Against the sector
HARMA AS is 21 points below the median for small companies in the same sector in 2023.
Median score 50 among 32,558 companies.
Against small companies in the same sector in 2023: operating margin 11.0% (median 2.5%) and equity ratio −16.1% (median 39.1%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 0 MNOK | 4 MNOK |
| Operating margin | 11.0% | 2.5% |
| Profit margin | 11.5% | 2.2% |
| Return on assets | 2.8% | 4.0% |
| Equity ratio | −16.1% | 39.1% |
| Debt-to-equity | – | 1.00 |
| Current ratio | 0.85 | 1.70 |
| Revenue growth | – | 0.0% |
The median and “ahead of” refer to small companies in the same sector in 2023. The bar shows the share of companies the figure is ahead of.
With an index of 29, HARMA AS does better than 21% of small companies in the same sector (32,642 companies) in 2023.
Score 2023–2025
- HARMA AS
- Median: small companies in the same sector
What the numbers say
HARMA AS had an operating margin of 11.0% and an equity ratio of −16.1% in 2023, and ranks 27,580 of 34,736 in Handel.
This text is generated automatically from the 2023 accounts.
Three simple methods
The methods give between 0 MNOK and 1 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 0 MNOK |
| EV/EBIT | 8.0 | 1 MNOK |
| P/B | 1.0 | not meaningful |
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
- critical
Equity is negative. How will it be rebuilt, and what do lenders and the auditor say about going concern?
Based on: Equity ratio −16.1% (median 39.1%).
- watch
Consider strengthening liquidity: current liabilities are 1.2 times current assets.
Based on: Current ratio 0.85 (median 1.70).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Data quality
- critical Negative equity
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 | 62 | weight 30% |
|---|---|---|
| Solidity | 0 | weight 25% |
| Liquidity | 19 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 20 | weight 15% |
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is HARMA AS?
The operating margin was 11.0% in 2023, against a median of 2.5% among small companies in the same sector. Return on assets was 2.8%.
How solid is HARMA AS?
The equity ratio was −16.1% in 2023 (median 39.1%). Equity is negative, so liabilities exceed assets.
What is the liquidity of HARMA AS like?
The current ratio was 0.85 in 2023 (median 1.70). Current assets did not cover current liabilities.
How does HARMA AS compare in Handel?
HARMA AS ranks 27,580 of 34,736 in Handel for 2023. Among companies of the same size (small companies) it ranks 25,757 of 32,642.
From the Central Coordinating Register
- Org. no.
- 919388846
- Legal form
- AS
- Sector
- Handel (47.810)
- Size tier
- small
- Employees
- 0–4 (not registered)
- Founded
- 19 June 2017 9 years in operation
- Share capital
- 0.10 MNOK
- Business address
- Holmenkollveien 52, 0773 OSLO
- Municipality
- Oslo rank 63–221 of 357 in Norway
- Audit
- Audit opted out from 16 December 2020
- 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
- Harald Severinsen
- Chair of the board
- Harald Severinsen
- Board member
- Hans-Jürgen Henk
- Accountant
- HANNE RØED 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 | 29 | 14 | 11 | |
| Rank | 27,580 | 34,665 | 36,751 | |
| Operating margin | 11.0% | −28.3% | −94.3% | |
| Return on assets | 2.8% | −6.2% | −16.5% | |
| Equity ratio | −16.1% | −26.8% | −46.4% | |
| Current ratio | 0.85 | 0.78 | 0.68 | |
| Revenue growth | – | −26.7% | −29.9% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 0.3 MNOK | 0.2 MNOK | 0.2 MNOK |
| Operating profit | 0.0 MNOK | −0.1 MNOK | −0.2 MNOK |
| Profit before tax | 0.0 MNOK | −0.1 MNOK | −0.2 MNOK |
| Net profit | 0.0 MNOK | −0.1 MNOK | −0.2 MNOK |
| Financial expenses | – | 0.0 MNOK | – |
| Total assets | 1.3 MNOK | 1.1 MNOK | 1.0 MNOK |
| Current assets | 1.3 MNOK | 1.1 MNOK | 0.9 MNOK |
| Equity | −0.2 MNOK | −0.3 MNOK | −0.4 MNOK |
| Retained earnings | −0.3 MNOK | −0.4 MNOK | −0.6 MNOK |
| Total liabilities | 1.5 MNOK | 1.3 MNOK | 1.4 MNOK |
| Current liabilities | 1.5 MNOK | 1.3 MNOK | 1.4 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 5345149.
Further
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