NORHARD EQUIPMENT AS
Score · fiscal year 2025
43of 100
How to read this: the company is ahead of 37 % of small companies in the same sector in 2025. What does this mean?
Rank: 20,621 of 32,580 · Bygg og anlegg
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 80 and solidity 14 out of 100 among small companies in the same sector in 2025. Methodology
Against the sector
NORHARD EQUIPMENT AS is 7 points below the median for small companies in the same sector in 2025.
Median score 50 among 31,470 companies.
Against small companies in the same sector in 2025: operating margin 55.3% (median 3.7%) and equity ratio 5.5% (median 36.5%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 31 MNOK | 3 MNOK |
| Operating margin | 55.3% | 3.7% |
| Profit margin | 34.7% | 3.4% |
| Return on assets | 12.0% | 5.7% |
| Equity ratio | 5.5% | 36.5% |
| Debt-to-equity | 17.16 | 1.20 |
| Current ratio | 0.99 | 1.45 |
| Revenue growth | −10.2% | 3.0% |
The median and “ahead of” refer to small companies in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 43, NORHARD EQUIPMENT AS does better than 37% of small companies in the same sector (31,718 companies) in 2025.
Score 2023–2025
- NORHARD EQUIPMENT AS
- Median: small companies in the same sector
NORHARD EQUIPMENT AS has a score of 43 for 2025, rank 20,621 of 32,580 in the sector.
Strongest: Profitability: percentile 80 against peers, operating margin 55.3% against a median of 3.7%.
Weakest: Solidity: percentile 14 against peers, equity ratio 5.5% against a median of 36.5%. Liquidity: percentile 29 against peers, current ratio 0.99 against a median of 1.45.
Worth a closer look
- The equity ratio is very low. Could the company absorb a bad year, and does it need more equity? Based on: equity ratio 5.5% (median 36.5%).
- Consider strengthening liquidity: current liabilities are 1.0 times current assets. Based on: current ratio 0.99 (median 1.45).
- 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
What the numbers say
NORHARD EQUIPMENT AS had an operating margin of 55.3% and an equity ratio of 5.5% in 2025, and ranks 20,621 of 32,580 in Bygg og anlegg.
From 2024 to 2025: the operating margin fell from 62.9% to 55.3% and revenue fell by 10%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 5 MNOK and 84 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 84 MNOK |
| EV/EBIT | 8.0 | 5 MNOK |
| P/B | 1.0 | 8 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
The equity ratio is very low. Could the company absorb a bad year, and does it need more equity?
Based on: Equity ratio 5.5% (median 36.5%).
- watch
Consider strengthening liquidity: current liabilities are 1.0 times current assets.
Based on: Current ratio 0.99 (median 1.45).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 5.3% 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 2.4%. 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 | 80 | weight 30% |
|---|---|---|
| Solidity | 14 | weight 25% |
| Liquidity | 29 | weight 15% |
| Growth | 33 | weight 15% |
| Consistency | 47 | weight 15% |
Durability: 47 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is NORHARD EQUIPMENT AS?
The operating margin was 55.3% in 2025, against a median of 3.7% among small companies in the same sector. Return on assets was 12.0%.
How solid is NORHARD EQUIPMENT AS?
The equity ratio was 5.5% in 2025 (median 36.5%). Debt-to-equity was 17.16 (median 1.20).
What is the liquidity of NORHARD EQUIPMENT AS like?
The current ratio was 0.99 in 2025 (median 1.45). Current assets did not cover current liabilities.
How does NORHARD EQUIPMENT AS compare in Bygg og anlegg?
NORHARD EQUIPMENT AS ranks 20,621 of 32,580 in Bygg og anlegg for 2025. Among companies of the same size (small companies) it ranks 19,898 of 31,718. Revenue changed by −10.2% from the year before.
Group accounts
The company is registered as part of a group, but we have no group accounts for it. Group accounts are filed by the parent company, and open data does not say which company that is.
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.
We do not show the group structure, because open data does not say who owns whom.
From the Central Coordinating Register
- Org. no.
- 923381589
- Legal form
- AS · part of a group
- Sector
- Bygg og anlegg (43.990)
- Size tier
- small
- Employees
- 0–4 (not registered)
- Founded
- 15 July 2019 7 years in operation
- Share capital
- 0.03 MNOK
- Business address
- Rådhusgata 17, 0158 OSLO
- Municipality
- Oslo rank 63–221 of 357 in Norway
- 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
- Vibeke Solum
- Chair of the board
- Rein Husebø
- Board member
- Sveinung Rud
- Board member
- Geir Birkeland
- Auditor
- DELOITTE AS
- Accountant
- ENORA 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 | 43 | 55 | 43 | |
| Rank | 17,920 | 12,843 | 20,621 | |
| Operating margin | 27.3% | 62.9% | 55.3% | |
| Return on assets | 5.8% | 17.4% | 12.0% | |
| Equity ratio | 2.4% | 5.6% | 5.5% | |
| Current ratio | 1.97 | 1.30 | 0.99 | |
| Revenue growth | – | 27.3% | −10.2% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 27.0 MNOK | 34.4 MNOK | 30.9 MNOK |
| Operating profit | 7.4 MNOK | 21.6 MNOK | 17.1 MNOK |
| Profit before tax | 1.1 MNOK | 13.5 MNOK | 10.7 MNOK |
| Net profit | 0.9 MNOK | 10.5 MNOK | 8.4 MNOK |
| Financial expenses | 6.3 MNOK | 8.2 MNOK | 7.7 MNOK |
| Total assets | 128.1 MNOK | 124.4 MNOK | 153.1 MNOK |
| Current assets | 42.5 MNOK | 15.4 MNOK | 11.9 MNOK |
| Equity | 3.1 MNOK | 7.0 MNOK | 8.4 MNOK |
| Retained earnings | −9.3 MNOK | −5.4 MNOK | −4.0 MNOK |
| Total liabilities | 125.0 MNOK | 117.4 MNOK | 144.7 MNOK |
| Current liabilities | 21.6 MNOK | 11.8 MNOK | 12.0 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 7108633.
Further
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