TOTALRIV AS
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.
Score · fiscal year 2024
42of 100
How to read this: the company is ahead of 35 % of companies in the Morning class Small in the same sector in 2024. What does this mean?
Rank in the Morning class Small: 12,099 of 18,578 · What are Morning company classes?
Place in the whole sector: 12,705 of 19,490 · Bygg og anlegg
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 57 and solidity 13 out of 100 among companies in the Morning class Small in the same sector in 2024. Methodology
Against the sector
TOTALRIV AS is 9 points below the median for companies in the Morning class Small in the same sector in 2024.
Median score 51 among 18,569 companies.
Against companies in the Morning class Small in the same sector in 2024: operating margin 3.2% (median 4.1%) and equity ratio 6.9% (median 33.8%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 28 MNOK | 5 MNOK |
| Operating margin | 3.2% | 4.1% |
| Profit margin | 3.0% | 3.6% |
| Return on assets | 17.4% | 9.3% |
| Equity ratio | 6.9% | 33.8% |
| Debt-to-equity | 13.51 | 1.56 |
| Current ratio | 0.89 | 1.45 |
| Revenue growth | 75.3% | 4.2% |
| Revenue per employee | 1.47 MNOK | 1.43 MNOK |
The median and “ahead of” refer to companies in the Morning class Small in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
With an index of 42, TOTALRIV AS does better than 35% of companies in the Morning class Small in the same sector (18,578 companies) in 2024.
Score 2022–2024
- TOTALRIV AS
- Median: companies in the Morning class Small in the same sector
TOTALRIV AS has a score of 42 for 2024, rank 12,705 of 19,490 in the sector.
Strongest: Growth: percentile 89 against peers, revenue growth 75.3% against a median of 4.2%.
Weakest: Solidity: percentile 13 against peers, equity ratio 6.9% against a median of 33.8%. Liquidity: percentile 19 against peers, current ratio 0.89 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 6.9% (median 33.8%).
- Consider strengthening liquidity: current liabilities are 1.1 times current assets. Based on: current ratio 0.89 (median 1.45).
- Strong growth with weak liquidity. Is the growth financed, or does it tie up capital the company does not have? Based on: revenue growth 75.3% (median 4.2%); current ratio 0.89 (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
TOTALRIV AS had an operating margin of 3.2% and an equity ratio of 6.9% in 2024, and ranks 12,705 of 19,490 in Bygg og anlegg.
From 2023 to 2024: went from a loss to a profit before tax and revenue grew by 75%.
This text is generated automatically from the 2024 accounts.
Three simple methods
The methods give between 0 MNOK and 8 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 8 MNOK |
| EV/EBIT | 8.0 | 7 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
- watch
The equity ratio is very low. Could the company absorb a bad year, and does it need more equity?
Based on: Equity ratio 6.9% (median 33.8%).
- watch
Consider strengthening liquidity: current liabilities are 1.1 times current assets.
Based on: Current ratio 0.89 (median 1.45).
- watch
Strong growth with weak liquidity. Is the growth financed, or does it tie up capital the company does not have?
Based on: Revenue growth 75.3% (median 4.2%); Current ratio 0.89 (median 1.45).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 1.0% 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.
Data quality
No anomalies found in the figures.
Scenario analysis: the sector's weakest year
We have no accounts for 2021, the sector's weakest year, for this company.
The sector's weakest year was 2021, with a median operating margin of 1.8%. 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 | 57 | weight 30% |
|---|---|---|
| Solidity | 13 | weight 25% |
| Liquidity | 19 | weight 15% |
| Growth | 89 | weight 15% |
| Consistency | 40 | weight 15% |
Durability: 42 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is TOTALRIV AS?
The operating margin was 3.2% in 2024, against a median of 4.1% among companies in the Morning class Small in the same sector. Return on assets was 17.4%.
How solid is TOTALRIV AS?
The equity ratio was 6.9% in 2024 (median 33.8%). Debt-to-equity was 13.51 (median 1.56).
What is the liquidity of TOTALRIV AS like?
The current ratio was 0.89 in 2024 (median 1.45). Current assets did not cover current liabilities.
How does TOTALRIV AS compare in Bygg og anlegg?
TOTALRIV AS ranks 12,705 of 19,490 in Bygg og anlegg for 2024. Among companies in the Morning class Small it is number 12,099 of 18,578. Revenue changed by 75.3% from the year before.
Public contracts
- Contracts awarded since 2024
- 3
- Total awarded value since 2024
- value not stated
- 2 contracts without a stated value are not in the total.
- Framework agreements
- 1
- Left out of the total: the value is a ceiling, not actual spend.
| Date | Buyer | Notice | Value |
|---|---|---|---|
| 4 September 2026 | STATSBYGG | Rammeavtale med én leverandør for ryddetjenester på fengsels- og politieiendommer i Oslo | 1.5 MNOK (framework) |
| 7 October 2024 | HOLTÅLEN KOMMUNE | Totalentreprise – Riving Ålen omsorgssenter | value not stated |
| 5 February 2024 | NTNU | NTNU Kjemiblokk 5: Rivning | value not stated |
Based on notices in Doffin. Does not show call-offs under framework agreements or purchases below the publication threshold. Values are as stated by the buyer.
Source: Doffin (DFØ), fetched 27 October 2026. Winners are matched on organisation number.
Contains data under the Norwegian licence for public data (NLOD 2.0) made available by Doffin/the Norwegian Agency for Public and Financial Management (DFØ). NLOD 2.0
From the Central Coordinating Register
- Org. no.
- 923829407
- Legal form
- AS
- Sector
- Bygg og anlegg (43.110)
- Morning company class
- Small
- Employees
- 19 registered 10 September 2026
- Founded
- 4 November 2019 6 years in operation
- Share capital
- 0.03 MNOK
- Business address
- Lundekroken 14, 3940 PORSGRUNN
- Municipality
- Porsgrunn rank 5–12 of 13 in KOSTRA group 10
- Latest accounts filed
- 2024
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
- Eirik Nielsen
- Chair of the board
- Eirik Nielsen
- Auditor
- NORDNORSK REVISJON AS
- Accountant
- KOMPLETT REGNSKAP AS
- Accountant
- SAGA REGNSKAP OG RÅDGIVNING 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 · 2022–2024
| Key figure | 2022 | 2023 | 2024 | Trend |
|---|---|---|---|---|
| Index | 62 | 21 | 42 | |
| Rank | 93 | 15,824 | 12,705 | |
| Operating margin | 5.1% | −5.9% | 3.2% | |
| Return on assets | 28.0% | −17.7% | 17.4% | |
| Equity ratio | 23.7% | −9.3% | 6.9% | |
| Current ratio | 0.96 | 0.80 | 0.89 | |
| Revenue growth | – | 52.5% | 75.3% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2022 | 2023 | 2024 |
|---|---|---|---|
| Operating revenue | 10.4 MNOK | 15.9 MNOK | 27.9 MNOK |
| Operating profit | 0.5 MNOK | −0.9 MNOK | 0.9 MNOK |
| Profit before tax | 0.5 MNOK | −1.0 MNOK | 0.8 MNOK |
| Net profit | 0.4 MNOK | −0.9 MNOK | 0.8 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Total assets | 1.9 MNOK | 5.3 MNOK | 5.1 MNOK |
| Current assets | 1.2 MNOK | 4.5 MNOK | 3.7 MNOK |
| Equity | 0.5 MNOK | −0.5 MNOK | 0.4 MNOK |
| Retained earnings | 0.4 MNOK | −0.5 MNOK | 0.3 MNOK |
| Total liabilities | 1.5 MNOK | 5.8 MNOK | 4.8 MNOK |
| Current liabilities | 1.3 MNOK | 5.6 MNOK | 4.2 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 5472427.
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