Hapro AS
Score · fiscal year 2025
61of 100
How to read this: the company is ahead of 78 % of companies in the Morning class Medium in the same sector in 2025. What does this mean?
Rank in the Morning class Medium: 157 of 710 · What are Morning company classes?
Place in the whole sector: 709 of 2,930 · Informasjon og kommunikasjon
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 42 and solidity 98 out of 100 among companies in the Morning class Medium in the same sector in 2025. Methodology
Against the sector
Hapro AS is 11 points above the median for companies in the Morning class Medium in the same sector in 2025.
Median score 50 among 710 companies.
Against companies in the Morning class Medium in the same sector in 2025: operating margin 8.7% (median 6.0%) and equity ratio 84.2% (median 30.1%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 60 MNOK | 109 MNOK |
| Operating margin | 8.7% | 6.0% |
| Profit margin | 10.4% | 6.7% |
| Return on assets | 2.5% | 11.9% |
| Equity ratio | 84.2% | 30.1% |
| Debt-to-equity | 0.19 | 2.26 |
| Current ratio | 1.06 | 1.15 |
| Revenue growth | 12.1% | 7.2% |
| Revenue per employee | 3.00 MNOK | 2.92 MNOK |
The median and “ahead of” refer to companies in the Morning class Medium in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 61, Hapro AS does better than 78% of companies in the Morning class Medium in the same sector (710 companies) in 2025.
Score 2023–2025
- Hapro AS
- Median: companies in the Morning class Medium in the same sector
Hapro AS has a score of 61 for 2025, rank 709 of 2,930 in the sector.
Strongest: Solidity: percentile 98 against peers, equity ratio 84.2% against a median of 30.1%. Growth: percentile 65 against peers, revenue growth 12.1% against a median of 7.2%.
Weakest: Liquidity: percentile 37 against peers, current ratio 1.06 against a median of 1.15.
Worth a closer look
- What lies behind weak liquidity, 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
Hapro AS had an operating margin of 8.7% and an equity ratio of 84.2% in 2025, and ranks 709 of 2,930 in Informasjon og kommunikasjon.
From 2024 to 2025: went from a loss to a profit before tax and the operating margin rose from −11.2% to 8.7%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 40 MNOK and 256 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 49 MNOK |
| EV/EBIT | 8.0 | 40 MNOK |
| P/B | 1.0 | 256 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 3.1% 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.
See interest rates, prices and exchange rates for the sector
Data quality
No anomalies found in the figures.
Scenario analysis: the sector's weakest year
We have no accounts for 2026, the sector's weakest year, for this company.
The sector's weakest year was 2026, with a median operating margin of 4.0%. Based on the 8 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 42 | weight 30% |
|---|---|---|
| Solidity | 98 | weight 25% |
| Liquidity | 37 | weight 15% |
| Growth | 65 | weight 15% |
| Consistency | 58 | weight 15% |
Durability: 59 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Hapro AS?
The operating margin was 8.7% in 2025, against a median of 6.0% among companies in the Morning class Medium in the same sector. Return on assets was 2.5%.
How solid is Hapro AS?
The equity ratio was 84.2% in 2025 (median 30.1%). Debt-to-equity was 0.19 (median 2.26).
What is the liquidity of Hapro AS like?
The current ratio was 1.06 in 2025 (median 1.15).
How does Hapro AS compare in Informasjon og kommunikasjon?
Hapro AS ranks 709 of 2,930 in Informasjon og kommunikasjon for 2025. Among companies in the Morning class Medium it is number 157 of 710. Revenue changed by 12.1% from the year before.
Group accounts · 2025
74 of 100
Rank 3 of 39 groups in the Morning class Large in Informasjon og kommunikasjon. Groups are ranked only against other groups in the same sector and class, never against single companies.
- Operating revenue, group
- 1,249 MNOK
- Operating profit, group
- 75 MNOK
- Profit before tax, group
- 82 MNOK
- Total assets, group
- 902 MNOK
- Equity, group
- 445 MNOK
| Key figure | The group | The company alone (2025) |
|---|---|---|
| Operating margin | 6.0% | 8.7% |
| Return on assets | 10.8% | 2.5% |
| Equity ratio | 49.3% | 84.2% |
| Current ratio | 1.65 | 1.06 |
| Revenue growth | 15.0% | 12.1% |
Group index in earlier years: 2023: 70 (5 of 32), 2024: 67 (8 of 37).
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.
- 923971025
- Legal form
- AS
- Sector
- Informasjon og kommunikasjon (62.200)
- Morning company class
- Medium
- Employees
- 20 registered 10 October 2026
- Founded
- 12 February 1971 55 years in operation
- Share capital
- 1.82 MNOK
- Business address
- Mohagasvingen 8, 2770 JAREN (GRAN)
- Municipality
- Gran rank 19–33 of 38 in KOSTRA group 7
- Latest accounts filed
- 2025
- Website
- www.hapro.no
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
Loading roles …
Source: Central Coordinating Register, fetched 1 November 2026. Only names are shown.
Shareholders (2025)
- Number of shareholders
- 12
- Largest owner
- 35.7% · top three 67.7%
- Split
- companies 100% · private persons 0% · foreign 0%
- GRAN KOMMUNE · 35.7%
- INNLANDET FYLKESKOMMUNE · 20.9%
- LUNNER KOMMUNE · 11.1%
- SPAREBANK 1 RINGERIKE HADELAND · 9.6%
- DNB Bank ASA · 6.2%
- VARIG HADELAND FORSIKRING · 5.5%
- JEVNAKER KOMMUNE · 5.5%
- BRANDBU OG TINGELSTAD ALMENNING · 2.5%
- GRAN ALMENNING · 1.9%
- DIAKONISTIFTELSEN RØYSUM · 0.5%
Change 2007–2025:
32% of the shares changed owner (4 new and 3 departed owners).
New owners (companies): DNB Bank ASA, INNLANDET FYLKESKOMMUNE, LIONS CLUB JEVNAKER, SPAREBANK 1 RINGERIKE HADELAND
Departed (companies): GRAN SPAREBANK, LIONS CLUB GRAN, OPPLAND FYLKESKOMMUNE UNDER SLETTING FRA 01.01.2020
Majority owner of: Hapro Electronics AS (100%)
Holds shares in: Hadelandshagen AS (16%), Hapro Electronics AS (100%)
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.
Figures last fetched 5 November 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 66 | 49 | 61 | |
| Rank | 645 | 1,549 | 709 | |
| Operating margin | 10.7% | −11.2% | 8.7% | |
| Return on assets | 2.2% | 0.0% | 2.5% | |
| Equity ratio | 62.5% | 79.8% | 84.2% | |
| Current ratio | 1.19 | 0.48 | 1.06 | |
| Revenue growth | – | 9.2% | 12.1% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 49.0 MNOK | 53.5 MNOK | 60.0 MNOK |
| Operating profit | 5.2 MNOK | −6.0 MNOK | 5.2 MNOK |
| Profit before tax | 5.5 MNOK | −4.2 MNOK | 6.2 MNOK |
| Tax expense | – | – | – |
| Net profit | 4.3 MNOK | −3.3 MNOK | 4.9 MNOK |
| Financial expenses | 3.9 MNOK | 4.1 MNOK | 1.5 MNOK |
| Total assets | 419.2 MNOK | 314.9 MNOK | 304.1 MNOK |
| Current assets | 108.8 MNOK | 10.4 MNOK | 48.9 MNOK |
| Equity | 262.2 MNOK | 251.1 MNOK | 256.0 MNOK |
| Retained earnings | 260.3 MNOK | 249.3 MNOK | 254.2 MNOK |
| Total liabilities | 157.1 MNOK | 63.7 MNOK | 48.1 MNOK |
| Current liabilities | 91.1 MNOK | 21.9 MNOK | 46.2 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 5 November 2026, accounts id 7155365.
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