THUNBOLAGET AS
Score · fiscal year 2025
Not enough data: Not enough data (below minimum revenue)
Based on the annual accounts for 2025
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 0 MNOK | 21 MNOK |
| Operating margin | 6.9% | 11.2% |
| Profit margin | 8.7% | 9.1% |
| Return on assets | 1.8% | 7.6% |
| Equity ratio | 99.1% | 44.3% |
| Debt-to-equity | 0.01 | 1.05 |
| Current ratio | 110.19 | 1.67 |
| Revenue growth | – | 2.9% |
The median and “ahead of” refer to companies in the same sector in 2025. 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
THUNBOLAGET AS had an equity ratio of 99.1% in 2025. The company is not ranked: not enough data (below minimum revenue).
From 2024 to 2025: went from a loss to a profit before tax and the equity ratio rose from 88.1% to 99.1%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 0 MNOK and 0 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 0 MNOK |
| EV/EBIT | 8.0 | 0 MNOK |
| P/B | 1.0 | 0 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
No rules were triggered for this year.
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 0.0% 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 2022, the sector's weakest year, for this company.
The sector's weakest year was 2022, with a median operating margin of 5.1%. Based on the 7 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
Questions and answers
How profitable is THUNBOLAGET AS?
The operating margin was 6.9% in 2025, against a median of 11.2% among companies in the same sector. Return on assets was 1.8%.
How solid is THUNBOLAGET AS?
The equity ratio was 99.1% in 2025 (median 44.3%). Debt-to-equity was 0.01 (median 1.05).
What is the liquidity of THUNBOLAGET AS like?
The current ratio was 110.19 in 2025 (median 1.67).
From the Central Coordinating Register
- Org. no.
- 922193703
- Legal form
- AS
- Sector
- Sjøfart (50.201)
- Size tier
- small
- Employees
- 0–4 (not registered)
- Founded
- 1 April 1964 62 years in operation
- Share capital
- 0.10 MNOK
- Business address
- Sagaveien 13, 1443 DRØBAK (FROGN)
- Municipality
- Frogn rank 5–14 of 38 in KOSTRA group 7
- Audit
- Audit opted out from 19 November 2018
- 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
- Odd Helge Gundersen
- Chair of the board
- Odd Helge Gundersen
- Board member
- Henrik Per Anders Källsson
- Deputy member
- Grethe Ødegård
- Accountant
- BLUE SKY ECONOMY 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 | – | – | – | |
| Rank | – | – | – | |
| Operating margin | – | – | 6.9% | |
| Return on assets | 15.6% | −6.6% | 1.8% | |
| Equity ratio | −144.7% | 88.1% | 99.1% | |
| Current ratio | 11.56 | 8.41 | 110.19 | |
| Revenue growth | – | – | – |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 0.0 MNOK | – | 0.0 MNOK |
| Operating profit | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Profit before tax | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Net profit | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Total assets | 0.2 MNOK | 0.2 MNOK | 0.1 MNOK |
| Current assets | 0.2 MNOK | 0.2 MNOK | 0.1 MNOK |
| Equity | −0.2 MNOK | 0.1 MNOK | 0.1 MNOK |
| Retained earnings | −0.3 MNOK | 0.0 MNOK | 0.0 MNOK |
| Total liabilities | 0.4 MNOK | 0.0 MNOK | 0.0 MNOK |
| Current liabilities | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 6561015.