TONNING VVS AS
Score · fiscal year 2025
88of 100
How to read this: the company is ahead of 100 % of companies in the Morning class Small in the same sector in 2025. What does this mean?
Rank in the Morning class Small: 91 of 19,515 · What are Morning company classes?
Place in the whole sector: 99 of 20,440 · Bygg og anlegg
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 98 and solidity 87 out of 100 among companies in the Morning class Small in the same sector in 2025. Methodology
Against the sector
TONNING VVS AS is 38 points above the median for companies in the Morning class Small in the same sector in 2025.
Median score 50 among 19,508 companies.
Against companies in the Morning class Small in the same sector in 2025: operating margin 33.7% (median 3.9%) and equity ratio 69.8% (median 33.3%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 2 MNOK | 5 MNOK |
| Operating margin | 33.7% | 3.9% |
| Profit margin | 33.7% | 3.5% |
| Return on assets | 84.6% | 9.0% |
| Equity ratio | 69.8% | 33.3% |
| Debt-to-equity | 0.43 | 1.56 |
| Current ratio | 1.69 | 1.44 |
| Revenue growth | 1,705.3% | 6.1% |
The median and “ahead of” refer to companies in the Morning class Small in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 88, TONNING VVS AS does better than 100% of companies in the Morning class Small in the same sector (19,515 companies) in 2025.
Score over time
Score over time needs at least two fiscal years with a score. It will appear when next year's figures are fetched or history is imported.
TONNING VVS AS has a score of 88 for 2025, rank 99 of 20,440 in the sector.
Strongest: Growth: percentile 99 against peers, revenue growth 1,705.3% against a median of 6.1%. Profitability: percentile 98 against peers, operating margin 33.7% against a median of 3.9%.
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
TONNING VVS AS had an operating margin of 33.7% and an equity ratio of 69.8% in 2025, and ranks 99 of 20,440 in Bygg og anlegg.
From 2024 to 2025: revenue grew by 1,705% and the operating margin rose from 8.0% to 33.7%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 1 MNOK and 6 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 6 MNOK |
| EV/EBIT | 8.0 | 6 MNOK |
| P/B | 1.0 | 1 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 0.0% 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
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 | 98 | weight 30% |
|---|---|---|
| Solidity | 87 | weight 25% |
| Liquidity | 62 | weight 15% |
| Growth | 99 | weight 15% |
| Consistency | 88 | weight 15% |
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is TONNING VVS AS?
The operating margin was 33.7% in 2025, against a median of 3.9% among companies in the Morning class Small in the same sector. Return on assets was 84.6%.
How solid is TONNING VVS AS?
The equity ratio was 69.8% in 2025 (median 33.3%). Debt-to-equity was 0.43 (median 1.56).
What is the liquidity of TONNING VVS AS like?
The current ratio was 1.69 in 2025 (median 1.44).
How does TONNING VVS AS compare in Bygg og anlegg?
TONNING VVS AS ranks 99 of 20,440 in Bygg og anlegg for 2025. Among companies in the Morning class Small it is number 91 of 19,515. Revenue changed by 1,705.3% from the year before.
From the Central Coordinating Register
- Org. no.
- 934398750
- Legal form
- AS
- Sector
- Bygg og anlegg (43.221)
- Morning company class
- Small
- Employees
- 0–4 (not registered)
- Founded
- 11 October 2024 2 years in operation
- Share capital
- 0.03 MNOK
- Business address
- Nedre Møllenberg gate 60, 7043 TRONDHEIM
- Municipality
- Trondheim rank 3 of 11 in KOSTRA group 12
- Audit
- Audit opted out from 1 November 2024
- 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
- Rune Tonning
- Chair of the board
- Rune Tonning
Source: Central Coordinating Register, fetched 29 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 27 October 2026.
Year by year · 2024–2025
| Key figure | 2024 | 2025 | Trend |
|---|---|---|---|
| Index | – | 88 | |
| Rank | – | 99 | |
| Operating margin | 8.0% | 33.7% | |
| Return on assets | 9.6% | 84.6% | |
| Equity ratio | 32.6% | 69.8% | |
| Current ratio | 1.48 | 1.69 | |
| Revenue growth | – | 1,705.3% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2024 | 2025 |
|---|---|---|
| Operating revenue | 0.1 MNOK | 2.2 MNOK |
| Operating profit | 0.0 MNOK | 0.7 MNOK |
| Profit before tax | 0.0 MNOK | 0.7 MNOK |
| Net profit | 0.0 MNOK | 0.6 MNOK |
| Financial expenses | – | 0.0 MNOK |
| Total assets | 0.1 MNOK | 0.9 MNOK |
| Current assets | 0.1 MNOK | 0.4 MNOK |
| Equity | 0.0 MNOK | 0.6 MNOK |
| Retained earnings | 0.0 MNOK | 0.6 MNOK |
| Total liabilities | 0.1 MNOK | 0.3 MNOK |
| Current liabilities | 0.1 MNOK | 0.2 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 27 October 2026, accounts id 6599917.
Further
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