Hymatech AS
Not financial advice. The index, rank, signals and advice are rule-based indications from the latest filed annual accounts. They are not a credit rating, an assessment of management or a recommendation to buy, sell or do business with the company. Read more
Accounts for 2025 are missing. The deadline was 31 July 2026. The Brønnøysund Register Centre does not publish when accounts arrived, only the latest year filed.
Key facts
Is the company run well?
Five key figures against companies in the Morning class Micro in the same sector. Green is better than most, amber about like the industry and red weaker than most.
- Profitability · operating margin −58.1% Weaker than the industry Industry: 4.4%
- Returns · return on assets −22.5% Weaker than the industry Industry: 7.5%
- Solidity · equity ratio −36.2% Weaker than the industry Industry: 39.9%
- Liquidity · current ratio 0.76 Weaker than the industry Industry: 1.71
- Growth · revenue growth 14.8% Better than the industry Industry: 5.0%
The mark comes from the company's place among comparable companies (percentile): green from 60, amber from 40, red below 40. Negative equity, an operating loss and a current ratio under 1 pull it down regardless. Methodology
Score · fiscal year 2024
25of 100
How to read this: the company is ahead of 12 % of companies in the Morning class Micro in the same sector in 2024. What does this mean?
Rank in the Morning class Micro: 2,817 of 3,185 · What are Morning company classes?
Place in the whole sector: 6,082 of 6,820 · Industri
Profile
Beaver · Builder
Lower profitability, lower resilience
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 7 and resilience 5 out of 100 among companies in the Morning class Micro in the same sector in 2024. Methodology
Against the sector
Hymatech AS is 26 points below the median for companies in the Morning class Micro in the same sector in 2024.
Median score 51 among 3,184 companies.
Against companies in the Morning class Micro in the same sector in 2024: operating margin −58.1% (median 4.4%) and equity ratio −36.2% (median 39.9%).
How it has gone · 2022–2024
Revenue fell by 58 % from 2022 to 2024, to 6.5 MNOK. The operating margin fell from −10.6% in 2022 to −58.1% in 2024. The equity ratio fell from 23.1% in 2022 to −36.2% in 2024.
Amounts in the reporting currency. The full year-by-year table is further down under «Details». See every figure year by year
Accounts in short
| Key figure | 2022 | 2023 | 2024 |
|---|---|---|---|
| Operating revenue | 15.5 MNOK | 5.7 MNOK | 6.5 MNOK |
| Operating profit | −1.6 MNOK | −9.6 MNOK | −3.8 MNOK |
| Net profit | −1.7 MNOK | −10.3 MNOK | −4.2 MNOK |
| Total assets | 26.5 MNOK | 18.0 MNOK | 16.7 MNOK |
| Equity | 6.1 MNOK | −3.2 MNOK | −6.0 MNOK |
| Total liabilities | 20.3 MNOK | 21.2 MNOK | 22.7 MNOK |
From the Brønnøysund Register Centre, in the company's reporting currency (NOK). See every figure year by year
From the Central Coordinating Register
- Org. no.
- 922976384
- Legal form
- AS
- Sector
- Industri (28.110)
- Purpose
- Produksjon av motorer og turbiner, unntatt motorer til luftfartøyer og motorvogner.
- Morning company class
- Micro
- Employees
- 0–4 (not registered) Payroll costs in the accounts: 3.2 MNOK (2024).
- Founded
- 3 May 2019 7 years in operation
- Share capital
- 0.30 MNOK
- Business address
- Skippergata 16, 7042 TRONDHEIM
- Municipality
- Trondheim rank 3 of 11 in KOSTRA group 12
- Latest accounts filed
- 2024
- VAT registered
- Yes
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
Hymatech AS has a score of 25 for 2024, rank 6,082 of 6,820 in the sector.
Strongest: Growth: percentile 82 against peers, revenue growth 14.8% against a median of 5.0%.
Weakest: Solidity: percentile 0 against peers, equity ratio −36.2% against a median of 39.9%. Profitability: percentile 7 against peers, operating margin −58.1% against a median of 4.4%.
Worth a closer look
- Equity is negative. How will it be rebuilt, and what do lenders and the auditor say about going concern? Based on: equity ratio −36.2% (median 39.9%).
- The operating result does not cover the financial costs. How will the debt be serviced, and what do the lenders say? Based on: interest coverage (times) −4.3 (median 3.1); financial costs as a share of debt 3.9% (median 1.7%).
- Consider strengthening liquidity: current liabilities are 1.3 times current assets. Based on: current ratio 0.76 (median 1.71).
- What lies behind weak solidity, 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
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 −36.2% (median 39.9%).
- critical
The operating result does not cover the financial costs. How will the debt be serviced, and what do the lenders say?
Based on: Interest coverage (times) −4.3 (median 3.1); Financial costs as a share of debt 3.9% (median 1.7%).
- watch
Consider strengthening liquidity: current liabilities are 1.3 times current assets.
Based on: Current ratio 0.76 (median 1.71).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −71.6% (median 3.6%).
- watch
The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors?
Based on: Operating margin −58.1% (median 4.4%).
- watch
Receivables equal far more days of revenue than at comparable companies. Do customers pay late, or are these loans to companies in the same group?
Based on: Receivable days 514 days (median 37 days).
- watch
Current liabilities exceed current assets other than bank deposits, and the current ratio is weak. Is it customer prepayments and supplier credit that fund the operations, or short-term loans that must be renewed?
Based on: Net working capital to revenue −58.0% (median −2.2%); Current ratio 0.76 (median 1.71).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 3.9% of the debt in 2024. The policy rate averaged 4.50 % 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
- critical Negative equity
Scenario analysis: the sector's weakest year
The operating margin was −10.6% in 2022 (sector median −0.4%), and the equity ratio 23.1%. The company had a loss before tax that year. In the other years the operating margin averaged −113.9%.
The sector's weakest year was 2022, with a median operating margin of −0.4%. Based on the 10 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 7 | weight 40% |
|---|---|---|
| Solidity | 0 | weight 20% |
| Liquidity | 15 | weight 5% |
| Growth | 82 | weight 25% |
| Consistency | 9 | weight 10% |
Three goals: profitability 40%, growth 25%, resilience 35%. Why these weights?
Durability: 20 (average over 3 years)
Index version 3. Data completeness 100%: the share of the weights that had data.
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 6 MNOK | 3 MNOK |
| Operating margin | −58.1% | 4.4% |
| Profit margin | −71.6% | 3.6% |
| Return on assets | −22.5% | 7.5% |
| Equity ratio | −36.2% | 39.9% |
| Debt-to-equity | – | 1.08 |
| Current ratio | 0.76 | 1.71 |
| Revenue growth | 14.8% | 5.0% |
The median and “ahead of” refer to companies in the Morning class Micro in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
With an index of 25, Hymatech AS does better than 12% of companies in the Morning class Micro in the same sector (3,185 companies) in 2024.
Score 2022–2024
- Hymatech AS
- Median: companies in the Morning class Micro in the same sector
Working capital and debt
| Measure | Company | Median | |
|---|---|---|---|
| Working capital | |||
| Receivable days All current receivables, including those on group companies, in days of revenue. |
514 days | 37 days | |
| Inventory and other current assets, days Current assets other than receivables and bank deposits, that is inventory and short-term investments, in days of revenue. |
127 days | 17 days | |
| Net working capital to revenue Current assets less bank deposits less current liabilities, divided by revenue. Negative: short-term debt funds the operations. |
−58.0% | −2.2% | |
| Cash share of current assets How much of the short-term buffer is bank deposits and cash. |
0.9% | 39.6% | |
| Debt and interest burden | |||
| Interest coverage (times) Operating result divided by all financial costs. Below 1: operations do not cover the cost of the debt. |
−4.3 | 3.1 | |
| Financial costs as a share of debt All financial costs (interest, currency losses and other) divided by all debt, interest-free debt included. Not an interest rate. |
3.9% | 1.7% | |
| Long-term share of debt Long-term debt as a share of all debt. A low share means more falls due within a year. |
33.6% | 2.8% | |
The operating result is negative, so the interest coverage is negative: operations cover none of the financial costs.
Net working capital (current assets less bank deposits less current liabilities): −3.8 MNOK.
Of the financial costs of 0.9 MNOK, 0.7 MNOK is reported as interest costs in the accounts.
The median and the bar refer to companies in the Morning class Micro in the same sector in 2024. The bar shows the share of the group with a lower figure: higher is not always better, long receivable days tie up capital, for example. These figures do not count in the score.
The industry or the company: what drove the result?
In 2024 the operating margin of Hymatech AS rose by 111.7 percentage points. Comparable companies rose by a median 0.2 points. So the company did 111.4 points better than the industry, for reasons of its own.
Over 2 year-to-year changes Hymatech AS moved the same way as comparable companies 1 times. About 1% of the changes in operating margin were common to the industry; the rest was the company's own.
| Year | The company | Comparable (median) | Change, company | Change, industry | The company's own |
|---|---|---|---|---|---|
| 2023 | −169.8% | 4.1% | −159.1 percentage points | +1.1 percentage points | −160.3 percentage points |
| 2024 | −58.1% | 4.4% | +111.7 percentage points | +0.2 percentage points | +111.4 percentage points |
Comparable companies are those in the same industry and Morning company class. Their change shows what hit the whole industry, the sector drivers below included. The rest is the company's own: contracts, costs, one-off items or operations. The share is approximate, and we claim no cause.
The company and its sector's drivers
Prices, rate and currency that shape the sector's year, year by year beside the operating margin of Hymatech AS. The figures stand side by side; we claim no cause.
Producer prices in manufacturing (indeks (2021 = 100))
Producer prices in manufacturing rose 3.7% in 2024; the operating margin of Hymatech AS rose 111.7 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Producer prices in manufacturing, annual average | 100.0 | 124.7 | 129.5 | 134.4 | 138.3 | 146.7 (so far) |
| Change from the year before | +10.7% | +24.7% | +3.9% | +3.7% | +2.9% | +6.1% |
| The company's operating margin | – | −10.6% | −169.8% | −58.1% | – | – |
Source: SSB (12462, CC BY 4.0). Source
EUR/NOK (kr)
EUR/NOK rose 1.8% in 2024; the operating margin of Hymatech AS rose 111.7 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| EUR/NOK, annual average | 10.16 | 10.10 | 11.42 | 11.62 | 11.72 | 11.04 (so far) |
| Change from the year before | −5.2% | −0.6% | +13.1% | +1.8% | +0.8% | −5.8% |
| The company's operating margin | – | −10.6% | −169.8% | −58.1% | – | – |
Source: Norges Bank (EXR, NLOD 2.0). Source
Wholesale power price (øre per kWh)
Wholesale power price fell 31.4% in 2024; the operating margin of Hymatech AS rose 111.7 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Wholesale power price, annual average | 64.2 | 141.7 | 72.0 | 49.4 | 54.0 | 96.5 (so far) |
| Change from the year before | +466.7% | +120.8% | −49.2% | −31.4% | +9.4% | +78.4% |
| The company's operating margin | – | −10.6% | −169.8% | −58.1% | – | – |
Source: SSB (09363, CC BY 4.0). Source
USD/NOK (kr)
USD/NOK rose 1.7% in 2024; the operating margin of Hymatech AS rose 111.7 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| USD/NOK, annual average | 8.59 | 9.61 | 10.56 | 10.75 | 10.39 | 9.54 (so far) |
| Change from the year before | −8.8% | +11.9% | +9.9% | +1.7% | −3.3% | −8.2% |
| The company's operating margin | – | −10.6% | −169.8% | −58.1% | – | – |
Source: Norges Bank (EXR, NLOD 2.0). Source
Wage index: fabricated metal products (indeks)
Wage index: fabricated metal products rose 5.4% in 2024; the operating margin of Hymatech AS rose 111.7 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Wage index: fabricated metal products, annual average | 88.0 | 91.5 | 96.9 | 102.1 | 108.0 | 112.8 (so far) |
| Change from the year before | +3.1% | +3.9% | +6.0% | +5.4% | +5.8% | +4.5% |
| The company's operating margin | – | −10.6% | −169.8% | −58.1% | – | – |
Source: SSB (12314, CC BY 4.0). Source
We show the drivers and the margin side by side and claim no cause. Sensitivity per company is not computed until we have at least 10 years of accounts per company: with three years such figures are false precision.
What the numbers say
Hymatech AS had an operating margin of −58.1% and an equity ratio of −36.2% in 2024, and ranks 6,082 of 6,820 in Industri.
From 2023 to 2024: the operating margin rose from −169.8% to −58.1% and the equity ratio fell from −18.0% to −36.2%.
Hymatech AS did weaker than the sector in 2022, the sector's weakest year.
This text is generated automatically from the 2024 accounts.
Three simple methods
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 25.8 | not meaningful |
| EV/EBIT | 19.1 | not meaningful |
| P/B | 4.0 | not meaningful |
The multiples are from the listed industry that matches the NACE code (28): Machinery.
Not financial advice. The value range is a rough model estimate from listed-company multiples, not a valuation, a price target or a price offer. The actual value may differ greatly. Read more
A mechanical estimate from public accounts, not advice. A mechanical estimate from public accounts with listed multiples and fixed adjustments. Not a valuation and not advice to buy or sell. See the calculation
Questions and answers
How profitable is Hymatech AS?
The operating margin was −58.1% in 2024, against a median of 4.4% among companies in the Morning class Micro in the same sector. Return on assets was −22.5%. The company made a loss before tax.
How solid is Hymatech AS?
The equity ratio was −36.2% in 2024 (median 39.9%). Equity is negative, so liabilities exceed assets.
What is the liquidity of Hymatech AS like?
The current ratio was 0.76 in 2024 (median 1.71). Current assets did not cover current liabilities.
How does Hymatech AS compare in Industri?
Hymatech AS ranks 6,082 of 6,820 in Industri for 2024. Among companies in the Morning class Micro it is number 2,817 of 3,185. Revenue changed by 14.8% from the year before.
Competitors
The 8 closest competitors in the same line of business, placed in the same matrix as the sector page: profitability up, resilience to the right. These are the companies the competitor analysis and the strategy report compare with.
Each bubble is a company: this company and its closest competitors in the same line of business and size, the same ones the competitor analysis uses. Placement is 0–100 against the whole sector and Morning company class: further right is more robust, higher up is more profitable. Bubble size is revenue. The light bubble and arrow show where the company stood the year before. Pick a profile to see fewer at a time.
| Company | Profile | Operating revenue | Operating margin | Score |
|---|---|---|---|---|
| Sleipner Motor AS |  Lion |
633 MNOK | 9.8% | 66 |
| Nogva Motorfabrikk AS | Lion |
575 MNOK | 12.2% | 70 |
| Siemens Energy Turbomachinery AS | Lion |
491 MNOK | 10.6% | 65 |
| Hydratech AS |  Cheetah |
38 MNOK | 10.5% | 63 |
| Skude Hydraulikk og Aluminium AS | Lion |
7 MNOK | 16.2% | 66 |
| Koltek AS |  Elephant |
7 MNOK | −7.2% | 34 |
| Hymatech AS (this company) |  Beaver |
6 MNOK | −58.1% | 25 |
| Eiker Automasjon AS | Cheetah |
6 MNOK | 24.7% | 65 |
| Nordic Motor AS | Elephant |
5 MNOK | −7.4% | 39 |
The selection is the closest in revenue within the same industry code. When you order, you can swap competitors. Order competitor analysis
Group structure · 2025
6 companies in the group according to the shareholder register for 2025. A company counts as a subsidiary when a Norwegian company owns more than half of its shares.
Private persons own 100% of the shares in Industriparken AS. Persons are not shown by name.
Industriparken AS has not filed group accounts in open data, so the group has no index of its own. Each company has its own accounts.
The group in figures
- Sectors
- Industri (4 companies), Eiendom (2 companies) 6 of 6 companies in the tree have accounts with us. Sectors are sorted by the companies' own revenue, which includes sales between the group's companies.
- Employees in Norway
- 44 in all. Harstad 44 Registered employees in the Central Coordinating Register, by the municipality of the business address. Employees may work elsewhere.
- Negative equity
- 2 companies: Industriparken Eiendom AS, Hymatech AS
- Loss
- 2 companies: Industriparken Eiendom AS, Hymatech AS
A subsidiary with negative equity or a loss may be backed by the group, for example with group contributions or guarantees. It is an indication of what is worth asking about, not an assessment.
-
Industriparken AS
- Hymatech AS you are here
- Selfa Arctic AS
- Industriparken Eiendom AS
- Nyhavna Verkstedbygg AS
- AS Trondhjems Papir & Papfabrik
Read the figures with care: a company in a group can look strong because of group contributions, or weak because dividends go up to the parent. The figures are indications, not the full picture.
Source: the Norwegian Tax Administration's shareholder register 2025 (majority owner with more than 50 % of the shares). Voting agreements and ownership through other countries are not included.
Ownership and roles
Loading roles …
Source: Central Coordinating Register, fetched 3 November 2026. Only names are shown.
Shareholders (2025)
- Number of shareholders
- 1 (one owner)
- Largest owner
- 100.0%
- Split
- companies 100% · private persons 0% · foreign 0%
- Owned from the same municipality
- 100%
- Group chain
-
Owned by: Industriparken AS (100%)
Ultimate owner: private person
- Industriparken AS · 100.0%
The company is new in the shareholder register in 2025.
Source: the Norwegian Tax Administration's shareholder register as of 2025. Figures may be older than today's ownership. Private persons are not shown by name.
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.
Is this your company? Suggest changes or add information
Figures last fetched 9 November 2026.
Year by year · 2022–2024
| Key figure | 2022 | 2023 | 2024 | Trend |
|---|---|---|---|---|
| Index | 32 | 3 | 25 | |
| Rank | 41 | 6,489 | 6,082 | |
| Operating margin | −10.6% | −169.8% | −58.1% | |
| Return on assets | −6.2% | −53.4% | −22.5% | |
| Equity ratio | 23.1% | −18.0% | −36.2% | |
| Current ratio | 1.53 | 0.70 | 0.76 | |
| Revenue growth | – | −63.4% | 14.8% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2022 | 2023 | 2024 |
|---|---|---|---|
| Operating revenue | 15.5 MNOK | 5.7 MNOK | 6.5 MNOK |
| Operating profit | −1.6 MNOK | −9.6 MNOK | −3.8 MNOK |
| Profit before tax | −2.2 MNOK | −10.6 MNOK | −4.6 MNOK |
| Tax expense | −0.5 MNOK | −0.3 MNOK | −0.4 MNOK |
| Net profit | −1.7 MNOK | −10.3 MNOK | −4.2 MNOK |
| Financial expenses | 0.5 MNOK | 1.0 MNOK | 0.9 MNOK |
| Total assets | 26.5 MNOK | 18.0 MNOK | 16.7 MNOK |
| Current assets | 19.1 MNOK | 10.1 MNOK | 11.4 MNOK |
| Equity | 6.1 MNOK | −3.2 MNOK | −6.0 MNOK |
| Retained earnings | – | – | −6.3 MNOK |
| Total liabilities | 20.3 MNOK | 21.2 MNOK | 22.7 MNOK |
| Current liabilities | 12.5 MNOK | 14.5 MNOK | 15.1 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 9 November 2026, accounts id 6330413.
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