Onesource AS
Not financial advice. The index, rank, signals and advice are rule-based indications from the latest filed annual accounts. They are not a credit rating, an assessment of management or a recommendation to buy, sell or do business with the company. Read more
Score · fiscal year 2025
59of 100
How to read this: the company is ahead of 65 % of companies in the Morning class Medium in the same sector in 2025. What does this mean?
Rank in the Morning class Medium: 466 of 1,342 · What are Morning company classes?
Place in the whole sector: 1,801 of 5,265 · Industri
Profile
Cheetah · Sprinter
High profitability, lower resilience
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 72 and resilience 26 out of 100 among companies in the Morning class Medium in the same sector in 2025. Methodology
Against the sector
Onesource AS is 8 points above the median for companies in the Morning class Medium in the same sector in 2025.
Median score 51 among 1,342 companies.
Against companies in the Morning class Medium in the same sector in 2025: operating margin 8.6% (median 4.9%) and equity ratio 8.6% (median 39.3%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 75 MNOK | 115 MNOK |
| Operating margin | 8.6% | 4.9% |
| Profit margin | 6.4% | 4.8% |
| Return on assets | 20.2% | 10.5% |
| Equity ratio | 8.6% | 39.3% |
| Debt-to-equity | 10.64 | 1.50 |
| Current ratio | 1.36 | 1.55 |
| Revenue growth | 122.5% | 7.1% |
| Revenue per employee | 5.34 MNOK | 2.95 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 59, Onesource AS does better than 65% of companies in the Morning class Medium in the same sector (1,342 companies) in 2025.
Score 2023–2025
- Onesource AS
- Median: companies in the Morning class Medium in the same sector
Onesource AS has a score of 59 for 2025, rank 1,801 of 5,265 in the sector.
Strongest: Growth: percentile 85 against peers, revenue growth 122.5% against a median of 7.1%. Profitability: percentile 72 against peers, operating margin 8.6% against a median of 4.9%.
Weakest: Solidity: percentile 5 against peers, equity ratio 8.6% against a median of 39.3%. Liquidity: percentile 39 against peers, current ratio 1.36 against a median of 1.55.
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 8.6% (median 39.3%).
- What lies behind weak solidity, and will it last?
- What lies behind weak liquidity, and will it last?
- The change in operating margin in 2025 was 2.1 percentage points better than for comparable companies: the company +2.4, the industry +0.3 points. That is the company's own, not something that hit the whole industry.
Written by fixed rules from the figures. Describes the figures, does not explain causes. Not investment or financial advice. How the summary is made
The industry or the company: what drove the result?
In 2025 the operating margin of Onesource AS rose by 2.4 percentage points. Comparable companies rose by a median 0.3 points. So the company did 2.1 points better than the industry, for reasons of its own.
Over 2 year-to-year changes Onesource AS moved the same way as comparable companies 1 times. About 9% of the changes in operating margin were common to the industry; the rest was the company's own.
| Year | The company | Comparable (median) | Change, company | Change, industry | The company's own |
|---|---|---|---|---|---|
| 2024 | 6.2% | 4.6% | −1.2 percentage points | 0.0 percentage points | −1.2 percentage points |
| 2025 | 8.6% | 4.9% | +2.4 percentage points | +0.3 percentage points | +2.1 percentage points |
Comparable companies are those in the same industry and Morning company class. Their change shows what hit the whole industry, the sector drivers below included. The rest is the company's own: contracts, costs, one-off items or operations. The share is approximate, and we claim no cause.
The company and its sector's drivers
Prices, rate and currency that shape the sector's year, year by year beside the operating margin of Onesource AS. The figures stand side by side; we claim no cause.
Producer prices in manufacturing (indeks (2021 = 100))
Producer prices in manufacturing rose 2.9% in 2025; the operating margin of Onesource AS rose 2.4 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Producer prices in manufacturing, annual average | 100.0 | 124.7 | 129.5 | 134.4 | 138.3 | 146.0 (so far) |
| Change from the year before | +10.7% | +24.7% | +3.9% | +3.7% | +2.9% | +5.6% |
| The company's operating margin | – | – | 7.4% | 6.2% | 8.6% | – |
Source: SSB (12462, CC BY 4.0). Source
EUR/NOK (kr)
EUR/NOK rose 0.8% in 2025; the operating margin of Onesource AS rose 2.4 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| EUR/NOK, annual average | 10.16 | 10.10 | 11.42 | 11.62 | 11.72 | 11.04 (so far) |
| Change from the year before | −5.2% | −0.6% | +13.1% | +1.8% | +0.8% | −5.8% |
| The company's operating margin | – | – | 7.4% | 6.2% | 8.6% | – |
Source: Norges Bank (EXR, NLOD 2.0). Source
Wholesale power price (øre per kWh)
Wholesale power price rose 9.4% in 2025; the operating margin of Onesource AS rose 2.4 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Wholesale power price, annual average | 64.2 | 141.7 | 72.0 | 49.4 | 54.0 | 96.5 (so far) |
| Change from the year before | +466.7% | +120.8% | −49.2% | −31.4% | +9.4% | +78.4% |
| The company's operating margin | – | – | 7.4% | 6.2% | 8.6% | – |
Source: SSB (09363, CC BY 4.0). Source
USD/NOK (kr)
USD/NOK fell 3.3% in 2025; the operating margin of Onesource AS rose 2.4 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| USD/NOK, annual average | 8.59 | 9.61 | 10.56 | 10.75 | 10.39 | 9.54 (so far) |
| Change from the year before | −8.8% | +11.9% | +9.9% | +1.7% | −3.3% | −8.2% |
| The company's operating margin | – | – | 7.4% | 6.2% | 8.6% | – |
Source: Norges Bank (EXR, NLOD 2.0). Source
Wage index: fabricated metal products (indeks)
Wage index: fabricated metal products rose 5.8% in 2025; the operating margin of Onesource AS rose 2.4 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Wage index: fabricated metal products, annual average | 88.0 | 91.5 | 96.9 | 102.1 | 108.0 | 112.8 (so far) |
| Change from the year before | +3.1% | +3.9% | +6.0% | +5.4% | +5.8% | +4.5% |
| The company's operating margin | – | – | 7.4% | 6.2% | 8.6% | – |
Source: SSB (12314, CC BY 4.0). Source
We show the drivers and the margin side by side and claim no cause. Sensitivity per company is not computed until we have at least 10 years of accounts per company: with three years such figures are false precision.
What the numbers say
Onesource AS had an operating margin of 8.6% and an equity ratio of 8.6% in 2025, and ranks 1,801 of 5,265 in Industri.
From 2024 to 2025: revenue grew by 123% and the equity ratio rose from 1.5% to 8.6%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 5 MNOK and 35 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 22.2 | 24 MNOK |
| EV/EBIT | 18.6 | 35 MNOK |
| P/B | 3.0 | 5 MNOK |
| EV/EBIT: from enterprise value to equity | NOK |
|---|---|
| Enterprise value (EV) at the listed multiple | 66 MNOK |
| Enterprise value after the size adjustment | 40 MNOK |
| Less net debt (rough figure) | 6 MNOK |
| Equity value | 35 MNOK |
Net debt is a rough figure: long-term liabilities minus cash. The accounts do not split interest-bearing debt from other liabilities, and short-term borrowings are not included. The size adjustment applies to the enterprise value, not to the debt.
The listed basis is the value at listed multiples. The estimate is lowered for size: a small-company premium of 4% on the cost of equity gives a value 38% lower. No separate marketability discount is applied, because the premium already allows for the company being small and unlisted.
The NACE code has no listed industry of its own in the table, so the multiples are the sector median: Machinery, Food Processing, Chemical (Specialty), Building Materials, Packaging & Container.
Not financial advice. The value range is a rough model estimate from listed-company multiples, not a valuation, a price target or a price offer. The actual value may differ greatly. Read more
A mechanical estimate from public accounts, not advice. A mechanical estimate from public accounts with listed multiples and fixed adjustments. Not a valuation and not advice to buy or sell. 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 8.6% (median 39.3%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 6.2% 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 2022, the sector's weakest year, for this company.
The sector's weakest year was 2022, with a median operating margin of −0.2%. 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 | 72 | weight 40% |
|---|---|---|
| Solidity | 5 | weight 20% |
| Liquidity | 39 | weight 5% |
| Growth | 85 | weight 25% |
| Consistency | 61 | weight 10% |
Three goals: profitability 40%, growth 25%, resilience 35%. Why these weights?
Durability: 46 (average over 3 years)
Index version 3. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Onesource AS?
The operating margin was 8.6% in 2025, against a median of 4.9% among companies in the Morning class Medium in the same sector. Return on assets was 20.2%.
How solid is Onesource AS?
The equity ratio was 8.6% in 2025 (median 39.3%). Debt-to-equity was 10.64 (median 1.50).
What is the liquidity of Onesource AS like?
The current ratio was 1.36 in 2025 (median 1.55).
How does Onesource AS compare in Industri?
Onesource AS ranks 1,801 of 5,265 in Industri for 2025. Among companies in the Morning class Medium it is number 466 of 1,342. Revenue changed by 122.5% from the year before.
Group structure · 2025
5 companies in the group according to the shareholder register for 2025. A company counts as a subsidiary when a Norwegian company owns more than half of its shares.
No owner holds more than half of the shares in Subshore.No AS.
Group accounts. Subshore.No AS for 2025: index 48 of 100, number 53 of 92 groups. See the group accounts
The group in figures
- Sectors
- Industri (3 companies), Bygg og anlegg (2 companies) 5 of 5 companies in the tree have accounts with us. Sectors are sorted by the companies' own revenue, which includes sales between the group's companies.
- Employees in Norway
- 729 in all. Stord 715, Sandnes 14 Registered employees in the Central Coordinating Register, by the municipality of the business address. Employees may work elsewhere.
- Negative equity
- 1 company: Subshore Newco AS
- Loss
- 1 company: Subshore Newco AS
A subsidiary with negative equity or a loss may be backed by the group, for example with group contributions or guarantees. It is an indication of what is worth asking about, not an assessment.
-
Subshore.No AS
-
Onesource Holding AS
- Onesource AS you are here
- Subshore Fagteknikk AS
- Subshore Newco AS
-
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.
Source: the Norwegian Tax Administration's shareholder register 2025 (majority owner with more than 50 % of the shares). Voting agreements and ownership through other countries are not included.
From the Central Coordinating Register
- Org. no.
- 930350524
- Legal form
- AS
- Sector
- Industri (33.150)
- Morning company class
- Medium
- Employees
- 14 registered 10 October 2026
- Founded
- 19 November 2022 3 years in operation
- Share capital
- 0.03 MNOK
- Business address
- Hovebakken 9, 4306 SANDNES
- Municipality
- Sandnes rank 4 of 11 in KOSTRA group 12
- 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
Loading roles …
Source: Central Coordinating Register, fetched 1 November 2026. Only names are shown.
Shareholders (2025)
- Number of shareholders
- 1 (one owner)
- Largest owner
- 100.0%
- Split
- companies 100% · private persons 0% · foreign 0%
- Owned from the same municipality
- 0%
- Group chain
-
Owned by: Onesource Holding AS (100%)
Ultimate owner: SUBSHORE.NO AS
- Onesource Holding AS · 100.0%
The company is new in the shareholder register in 2025.
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.
Is this your company? Suggest changes or add information
Figures last fetched 5 November 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 37 | 43 | 59 | |
| Rank | 3,579 | 3,363 | 1,801 | |
| Operating margin | 7.4% | 6.2% | 8.6% | |
| Return on assets | 11.1% | 9.6% | 20.2% | |
| Equity ratio | 1.9% | 1.5% | 8.6% | |
| Current ratio | 1.47 | 1.29 | 1.36 | |
| Revenue growth | – | 20.6% | 122.5% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 27.8 MNOK | 33.6 MNOK | 74.7 MNOK |
| Operating profit | 2.1 MNOK | 2.1 MNOK | 6.4 MNOK |
| Profit before tax | 1.3 MNOK | 0.9 MNOK | 4.8 MNOK |
| Tax expense | 0.3 MNOK | 0.2 MNOK | 1.1 MNOK |
| Net profit | 1.0 MNOK | 0.7 MNOK | 3.6 MNOK |
| Financial expenses | 0.9 MNOK | 1.4 MNOK | 1.8 MNOK |
| Total assets | 19.8 MNOK | 23.1 MNOK | 32.7 MNOK |
| Current assets | 12.7 MNOK | 17.4 MNOK | 30.4 MNOK |
| Equity | 0.4 MNOK | 0.4 MNOK | 2.8 MNOK |
| Retained earnings | 0.4 MNOK | 0.3 MNOK | 2.8 MNOK |
| Total liabilities | 19.4 MNOK | 22.8 MNOK | 29.9 MNOK |
| Current liabilities | 8.6 MNOK | 13.5 MNOK | 22.3 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 5 November 2026, accounts id 7020730.
Further
Similar companies
- Gaupen-Henger AS index 59, rank 1,791 · compare
- Henriksen Snekkeri AS index 59, rank 1,794 · compare
- Fiskå Mølle Råde AS index 59, rank 1,796 · compare
- OK Vedlikehold AS index 59, rank 1,798 · compare
- Reklameservice AS index 59, rank 1,809 · compare