Tungsten AS
Score · fiscal year 2023
Not enough data: Revenue not reported
Based on the annual accounts for 2023
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating margin | – | 2.9% |
| Profit margin | – | 2.5% |
| Return on assets | 0.3% | 8.1% |
| Equity ratio | 96.5% | 34.2% |
| Debt-to-equity | 0.04 | 1.56 |
| Current ratio | 0.00 | 1.65 |
| Revenue growth | – | 5.4% |
The median and “ahead of” refer to companies in the same sector in 2023. The bar shows the share of companies the figure is ahead of.
Score over time
Score over time needs at least two fiscal years with a score. It will appear when next year's figures are fetched or history is imported.
What the numbers say
Tungsten AS had an equity ratio of 96.5% in 2023. The company is not ranked: revenue not reported.
This text is generated automatically from the 2023 accounts.
Three simple methods
The methods give between 38 MNOK and 1,381 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 38 MNOK |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 1,381 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
- critical
Consider strengthening liquidity: current liabilities are 442.2 times current assets.
Based on: Current ratio 0.00 (median 1.65).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 0.2% of the debt in 2023. The policy rate averaged 3.54 % 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 Revenue not reported
- watch No revenue but large assets
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
Questions and answers
How profitable is Tungsten AS?
The operating margin was – in 2023, against a median of 2.9% among companies in the same sector. Return on assets was 0.3%.
How solid is Tungsten AS?
The equity ratio was 96.5% in 2023 (median 34.2%). Debt-to-equity was 0.04 (median 1.56).
What is the liquidity of Tungsten AS like?
The current ratio was 0.00 in 2023 (median 1.65). Current assets did not cover current liabilities.
Group accounts · 2025
49 of 100
Rank 126 of 240 groups in the Morning class Large in Handel. Groups are ranked only against other groups in the same sector and class, never against single companies.
- Operating revenue, group
- 1,779 MNOK
- Operating profit, group
- −63 MNOK
- Profit before tax, group
- −76 MNOK
- Total assets, group
- 5,907 MNOK
- Equity, group
- 5,091 MNOK
| Key figure | The group | The company alone (2023) |
|---|---|---|
| Operating margin | −3.5% | – |
| Return on assets | −0.7% | – |
| Equity ratio | 86.2% | – |
| Current ratio | 5.08 | – |
| Revenue growth | −15.9% | – |
Group index in earlier years: 2023: 85 (14 of 206), 2024: 84 (12 of 227).
Same formulas and weights as the company index. Group and company are never added together, and the group accounts are not part of sector averages or company rankings.
Source: Brønnøysund Register Centre, group accounts 2025 (open data, NLOD 2.0).
We do not show the group structure, because open data does not say who owns whom.
From the Central Coordinating Register
- Org. no.
- 919490004
- Legal form
- AS
- Sector
- Handel (46.460)
- Employees
- 0–4 (not registered)
- Founded
- 23 June 2017 9 years in operation
- Share capital
- 3.84 MNOK
- Business address
- Parkveien 53A, 0256 OSLO
- Municipality
- Oslo rank 63–220 of 357 in Norway
- Latest accounts filed
- 2025
- LEI
- 254900Q7KMIU0V736298 renews 18 March 2027
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
- Chair of the board
- Harald Høegh
- Deputy member
- Morten Westye Høegh
- Auditor
- Deloitte AS
- Accountant
- Aider AS
Source: Central Coordinating Register, fetched 29 October 2026. Only names are shown.
- Parent company
- No parent company: owned by persons
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 29 October 2026. The parent is the one the company itself reported to GLEIF.
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 | – | – | – | |
| Rank | – | – | – | |
| Operating margin | – | – | – | |
| Return on assets | 0.3% | 7.2% | 0.4% | |
| Equity ratio | 96.5% | 97.7% | 97.4% | |
| Current ratio | 0.00 | 0.05 | 0.71 | |
| Revenue growth | – | – | – |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | – | – | – |
| Operating profit | −0.4 MNOK | −0.5 MNOK | −0.5 MNOK |
| Profit before tax | 4.9 MNOK | 103.9 MNOK | 3.9 MNOK |
| Net profit | 3.8 MNOK | 103.3 MNOK | 3.1 MNOK |
| Financial expenses | 0.1 MNOK | 1.3 MNOK | 1.8 MNOK |
| Total assets | 1,430.1 MNOK | 1,459.8 MNOK | 1,467.2 MNOK |
| Current assets | 0.1 MNOK | 0.0 MNOK | 0.6 MNOK |
| Equity | 1,380.6 MNOK | 1,425.9 MNOK | 1,429.0 MNOK |
| Retained earnings | 9.2 MNOK | 112.5 MNOK | 115.5 MNOK |
| Total liabilities | 49.4 MNOK | 33.9 MNOK | 38.2 MNOK |
| Current liabilities | 41.1 MNOK | 0.8 MNOK | 0.9 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 5386189.