WALL TOPCO AS
Score · fiscal year 2025
37of 100
How to read this: the company is ahead of 22 % of medium-sized companies in the same sector in 2025. What does this mean?
Rank: 18,087 of 25,027 · Bygg og anlegg
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 20 and solidity 89 out of 100 among medium-sized companies in the same sector in 2025. Methodology
Against the sector
WALL TOPCO AS is 13 points below the median for medium-sized companies in the same sector in 2025.
Median score 50 among 662 companies.
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating margin | – | 4.6% |
| Profit margin | – | 4.6% |
| Return on assets | 1.6% | 10.3% |
| Equity ratio | 75.7% | 32.5% |
| Debt-to-equity | 0.32 | 2.06 |
| Current ratio | 0.42 | 1.37 |
| Revenue growth | – | 7.7% |
The median and “ahead of” refer to medium-sized companies in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 37, WALL TOPCO AS does better than 22% of medium-sized companies in the same sector (668 companies) in 2025.
Score 2023–2025
- WALL TOPCO AS
- Median: medium-sized companies in the same sector
What the numbers say
WALL TOPCO AS had an operating margin of – and an equity ratio of 75.7% in 2025, and ranks 18,087 of 25,027 in Bygg og anlegg.
From 2024 to 2025: went from a profit to a loss before tax and the equity ratio rose from 68.8% to 75.7%.
This text is generated automatically from the 2025 accounts.
Three simple methods
One method gives a figure: 709 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 709 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
- critical
Consider strengthening liquidity: current liabilities are 2.4 times current assets.
Based on: Current ratio 0.42 (median 1.37).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin – (median 4.6%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Data quality
- watch Revenue not reported
- watch No revenue but large assets
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 2.1%. 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 | 20 | weight 30% |
|---|---|---|
| Solidity | 89 | weight 25% |
| Liquidity | 6 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 14 | weight 15% |
Durability: 37 (average over 3 years)
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is WALL TOPCO AS?
The operating margin was – in 2025, against a median of 4.6% among medium-sized companies in the same sector. Return on assets was 1.6%. The company made a loss before tax.
How solid is WALL TOPCO AS?
The equity ratio was 75.7% in 2025 (median 32.5%). Debt-to-equity was 0.32 (median 2.06).
What is the liquidity of WALL TOPCO AS like?
The current ratio was 0.42 in 2025 (median 1.37). Current assets did not cover current liabilities.
How does WALL TOPCO AS compare in Bygg og anlegg?
WALL TOPCO AS ranks 18,087 of 25,027 in Bygg og anlegg for 2025. Among companies of the same size (medium-sized companies) it ranks 523 of 668.
Group accounts · 2025
35 of 100
Rank 666 of 848 groups with group accounts. Groups are ranked only against each other, not against single companies.
| Key figure | The group | The company alone (2025) |
|---|---|---|
| Operating margin | 3.4% | – |
| Return on assets | 4.8% | 1.6% |
| Equity ratio | 24.5% | 75.7% |
| Current ratio | 1.05 | 0.42 |
| Revenue growth | 8.9% | – |
Group index in earlier years: 2023: 35 (758 of 1010), 2024: 28 (738 of 860).
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.
- 924600438
- Legal form
- AS
- Sector
- Bygg og anlegg (43.340)
- Size tier
- medium
- Employees
- 0–4 (not registered)
- Founded
- 4 February 2020 6 years in operation
- Share capital
- 0.09 MNOK
- Business address
- c/o FSN Capital Partners AS, Ruseløkkveien 30, 0251 OSLO
- Municipality
- Oslo rank 23–283 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
- Eirik Hjeltnes Wabø
- Chair of the board
- Per Wiking Sjøstrand
- Board member
- Eirik Hjeltnes Wabø
- Board member
- Erik Nelson
- Board member
- Marina Lønning
- Board member
- Dirk Brouwers
- Board member
- Trond Sigurd Tørdal
- Board member
- Anna Christina Ingegerd Hegg
- Board member
- Moa Emelie Linnea Strand
- Deputy member
- Thomas Schwenke
- Auditor
- DELOITTE AS
Source: Central Coordinating Register, fetched 25 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 | 37 | 38 | 37 | |
| Rank | 14,628 | 16,456 | 18,087 | |
| Operating margin | – | – | – | |
| Return on assets | 0.0% | 2.0% | 1.6% | |
| Equity ratio | 98.0% | 68.8% | 75.7% | |
| Current ratio | 0.01 | 0.00 | 0.42 | |
| Revenue growth | – | – | – |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | – | – | – |
| Operating profit | −0.2 MNOK | −2.0 MNOK | −3.2 MNOK |
| Profit before tax | 0.2 MNOK | 3.1 MNOK | −0.5 MNOK |
| Net profit | 0.3 MNOK | 2.4 MNOK | −0.4 MNOK |
| Financial expenses | 0.0 MNOK | 10.5 MNOK | 15.1 MNOK |
| Total assets | 481.1 MNOK | 689.2 MNOK | 935.9 MNOK |
| Current assets | 0.1 MNOK | 0.4 MNOK | 1.7 MNOK |
| Equity | 471.7 MNOK | 474.1 MNOK | 708.7 MNOK |
| Retained earnings | −0.3 MNOK | 2.1 MNOK | 1.7 MNOK |
| Total liabilities | 9.4 MNOK | 215.0 MNOK | 227.2 MNOK |
| Current liabilities | 9.4 MNOK | 210.3 MNOK | 4.1 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 7141251.
Further
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