TB-AS AS
Score · fiscal year 2024
53of 100
How to read this: the company is ahead of 55 % of companies in the Morning class Small in the same sector in 2024. What does this mean?
Rank in the Morning class Small: 2,433 of 5,354 · What are Morning company classes?
Place in the whole sector: 8,846 of 19,473 · 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 71 and solidity 29 out of 100 among companies in the Morning class Small in the same sector in 2024. Methodology
Against the sector
TB-AS AS is 2 points above the median for companies in the Morning class Small in the same sector in 2024.
Median score 51 among 5,354 companies.
Against companies in the Morning class Small in the same sector in 2024: operating margin 8.4% (median 4.7%) and equity ratio 22.4% (median 34.8%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 23 MNOK | 19 MNOK |
| Operating margin | 8.4% | 4.7% |
| Profit margin | 8.0% | 4.4% |
| Return on assets | 20.0% | 11.0% |
| Equity ratio | 22.4% | 34.8% |
| Debt-to-equity | 3.46 | 1.72 |
| Current ratio | 1.32 | 1.49 |
| Revenue growth | 17.9% | 4.1% |
| Revenue per employee | 2.57 MNOK | 1.67 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 53, TB-AS AS does better than 55% of companies in the Morning class Small in the same sector (5,354 companies) in 2024.
Score 2023–2025
- TB-AS AS
- Median: companies in the Morning class Small in the same sector
What the numbers say
TB-AS AS had an operating margin of 8.4% and an equity ratio of 22.4% in 2024, and ranks 8,846 of 19,473 in Bygg og anlegg.
From 2023 to 2024: the operating margin fell from 19.2% to 8.4% and revenue grew by 18%.
This text is generated automatically from the 2024 accounts.
Three simple methods
The methods give between 2 MNOK and 20 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 14 MNOK |
| EV/EBIT | 8.0 | 20 MNOK |
| P/B | 1.0 | 2 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 1.2% 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.
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 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 | 71 | weight 30% |
|---|---|---|
| Solidity | 29 | weight 25% |
| Liquidity | 38 | weight 15% |
| Growth | 70 | weight 15% |
| Consistency | 53 | weight 15% |
Durability: 54 (average over 2 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is TB-AS AS?
The operating margin was 8.4% in 2024, against a median of 4.7% among companies in the Morning class Small in the same sector. Return on assets was 20.0%.
How solid is TB-AS AS?
The equity ratio was 22.4% in 2024 (median 34.8%). Debt-to-equity was 3.46 (median 1.72).
What is the liquidity of TB-AS AS like?
The current ratio was 1.32 in 2024 (median 1.49).
How does TB-AS AS compare in Bygg og anlegg?
TB-AS AS ranks 8,846 of 19,473 in Bygg og anlegg for 2024. Among companies in the Morning class Small it is number 2,433 of 5,354. Revenue changed by 17.9% from the year before.
From the Central Coordinating Register
- Org. no.
- 928974839
- Legal form
- AS
- Sector
- Bygg og anlegg (43.320)
- Morning company class
- Small
- Employees
- 9 registered 10 September 2026
- Founded
- 3 March 2022 4 years in operation
- Share capital
- 0.10 MNOK
- Business address
- Lillestrømveien 1548, 1911 FLATEBY (ENEBAKK)
- Municipality
- Enebakk rank 6 of 38 in KOSTRA group 7
- Latest accounts filed
- 2025
- LEI
- 6367007K00ZUT9R7X884 renews 26 April 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
- Thomas Beyer
- Chair of the board
- Thomas Beyer
- Auditor
- REVISORKOLLEGIET 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 31 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 | 54 | 53 | 63 | |
| Rank | 8,145 | 8,846 | 5,134 | |
| Operating margin | 19.2% | 8.4% | 13.1% | |
| Return on assets | 49.9% | 20.0% | 34.5% | |
| Equity ratio | 20.4% | 22.4% | 33.8% | |
| Current ratio | 1.29 | 1.32 | 1.58 | |
| Revenue growth | – | 17.9% | 5.1% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 19.6 MNOK | 23.1 MNOK | 24.3 MNOK |
| Operating profit | 3.8 MNOK | 1.9 MNOK | 3.2 MNOK |
| Profit before tax | 3.7 MNOK | 1.9 MNOK | 3.1 MNOK |
| Net profit | 2.9 MNOK | 1.4 MNOK | 2.4 MNOK |
| Financial expenses | 0.0 MNOK | 0.1 MNOK | 0.1 MNOK |
| Total assets | 7.5 MNOK | 9.7 MNOK | 9.2 MNOK |
| Current assets | 6.5 MNOK | 8.8 MNOK | 8.5 MNOK |
| Equity | 1.5 MNOK | 2.2 MNOK | 3.1 MNOK |
| Retained earnings | 1.4 MNOK | 2.1 MNOK | 3.0 MNOK |
| Total liabilities | 6.0 MNOK | 7.5 MNOK | 6.1 MNOK |
| Current liabilities | 5.0 MNOK | 6.7 MNOK | 5.4 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 27 October 2026, accounts id 6082473.
Further
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