HVAL HOLDING AS
Score · fiscal year 2025
82of 100
How to read this: the company is ahead of 98 % of medium-sized companies in the same sector in 2025. What does this mean?
Rank: 1,037 of 38,670 · Handel
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 67 and solidity 97 out of 100 among medium-sized companies in the same sector in 2025. Methodology
Against the sector
HVAL HOLDING AS is 33 points above the median for medium-sized companies in the same sector in 2025.
Median score 49 among 2,198 companies.
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating margin | – | 3.2% |
| Profit margin | – | 3.2% |
| Return on assets | 16.7% | 11.6% |
| Equity ratio | 97.8% | 32.6% |
| Debt-to-equity | 0.02 | 2.03 |
| Current ratio | 23.04 | 1.38 |
| Revenue growth | – | 6.8% |
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 82, HVAL HOLDING AS does better than 98% of medium-sized companies in the same sector (2,203 companies) in 2025.
Score 2023–2025
- HVAL HOLDING AS
- Median: medium-sized companies in the same sector
HVAL HOLDING AS has a score of 82 for 2025, rank 1,037 of 38,670 in the sector.
Strongest: Liquidity: percentile 98 against peers, current ratio 23.04 against a median of 1.38. Solidity: percentile 97 against peers, equity ratio 97.8% against a median of 32.6%.
No area is clearly below its peers.
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
HVAL HOLDING AS had an operating margin of – and an equity ratio of 97.8% in 2025, and ranks 1,037 of 38,670 in Handel.
No large changes in the key figures from 2024 to 2025.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 820 MNOK and 1,371 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 1,371 MNOK |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 820 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 10.4% 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
- watch Revenue not reported
- watch No revenue but large assets
Scenario analysis: the sector's weakest year
We have no accounts for 2017, the sector's weakest year, for this company.
The sector's weakest year was 2017, with a median operating margin of −65.6%. Based on the 11 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 67 | weight 30% |
|---|---|---|
| Solidity | 97 | weight 25% |
| Liquidity | 98 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 68 | weight 15% |
Durability: 81 (average over 3 years)
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is HVAL HOLDING AS?
The operating margin was – in 2025, against a median of 3.2% among medium-sized companies in the same sector. Return on assets was 16.7%.
How solid is HVAL HOLDING AS?
The equity ratio was 97.8% in 2025 (median 32.6%). Debt-to-equity was 0.02 (median 2.03).
What is the liquidity of HVAL HOLDING AS like?
The current ratio was 23.04 in 2025 (median 1.38).
How does HVAL HOLDING AS compare in Handel?
HVAL HOLDING AS ranks 1,037 of 38,670 in Handel for 2025. Among companies of the same size (medium-sized companies) it ranks 54 of 2,203.
Group accounts · 2025
78 of 100
Rank 59 of 1377 groups with group accounts. Groups are ranked only against each other, not against single companies.
- Operating revenue, group
- 1,255 MNOK
- Operating profit, group
- 204 MNOK
- Profit before tax, group
- 245 MNOK
- Total assets, group
- 1,975 MNOK
- Equity, group
- 1,706 MNOK
| Key figure | The group | The company alone (2025) |
|---|---|---|
| Operating margin | 16.2% | – |
| Return on assets | 13.0% | 16.7% |
| Equity ratio | 86.4% | 97.8% |
| Current ratio | 6.38 | 23.04 |
| Revenue growth | −4.3% | – |
Group index in earlier years: 2023: 92 (31 of 1766), 2024: 80 (68 of 1415).
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).
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.
- 925781630
- Legal form
- AS · part of a group
- Sector
- Handel (46.630)
- Size tier
- medium
- Employees
- 0–4 (not registered)
- Founded
- 23 September 2020 6 years in operation
- Share capital
- 1.30 MNOK
- Business address
- Kampenesmosen 3, 1739 BORGENHAUGEN (SARPSBORG)
- Municipality
- Sarpsborg rank 10 of 10 in KOSTRA group 11
- Latest accounts filed
- 2025
- LEI
- 549300DKEL3QQQSL3H73 renews 20 September 2027
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
- Even Andre Karlsen
- Chair of the board
- Even Andre Karlsen
- Auditor
- BDO AS
Source: Central Coordinating Register, fetched 29 October 2026. Only names are shown.
- Parent company
- No parent company: owned by persons
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 29 October 2026. The parent is the one the company itself reported to GLEIF.
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 27 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 85 | 77 | 82 | |
| Rank | 1,233 | 2,247 | 1,037 | |
| Operating margin | – | – | – | |
| Return on assets | 18.2% | 13.8% | 16.7% | |
| Equity ratio | 97.0% | 96.4% | 97.8% | |
| Current ratio | 14.58 | 12.46 | 23.04 | |
| Revenue growth | – | – | – |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | – | – | – |
| Operating profit | −0.3 MNOK | −0.2 MNOK | −0.3 MNOK |
| Profit before tax | 75.4 MNOK | 59.9 MNOK | 138.0 MNOK |
| Net profit | 80.9 MNOK | 55.3 MNOK | 137.1 MNOK |
| Financial expenses | 51.7 MNOK | 40.7 MNOK | 1.9 MNOK |
| Total assets | 698.9 MNOK | 728.6 MNOK | 837.8 MNOK |
| Current assets | 302.4 MNOK | 325.6 MNOK | 419.6 MNOK |
| Equity | 678.1 MNOK | 702.5 MNOK | 819.6 MNOK |
| Retained earnings | 310.8 MNOK | 335.1 MNOK | 452.3 MNOK |
| Total liabilities | 20.7 MNOK | 26.1 MNOK | 18.2 MNOK |
| Current liabilities | 20.7 MNOK | 26.1 MNOK | 18.2 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 27 October 2026, accounts id 7205962.
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