SOLINA NORWAY AS

Org. no. 935712203 · LARVIK · Founded 1984 · 11 employees

Score · fiscal year 2025

34of 100

How to read this: the company is ahead of 17 % of medium-sized companies in the same sector in 2025. What does this mean?

Rank: 29,569 of 38,671 · Handel

Profile

Beaver · Builder

Lower profitability, lower solidity

Position against comparable companies in 2025, not a verdict on the company. Based on profitability 25 and solidity 6 out of 100 among medium-sized companies in the same sector in 2025. Methodology

Against the sector

SOLINA NORWAY AS is 15 points below the median for medium-sized companies in the same sector in 2025.

Median score 49 among 2,198 companies.

Against medium-sized companies in the same sector in 2025: operating margin 1.5% (median 3.2%) and equity ratio 6.2% (median 32.6%).

Source: Register of Company Accounts and Central Coordinating RegisterFetched 28 October 2026Report an issue
Key figures · 2025

The numbers behind the score

The numbers behind the score · 2025
MeasureCompanyMedianAhead of
Operating revenue110 MNOK173 MNOK
Operating margin 1.5% 3.2% 27 %
Profit margin −0.2% 3.2% shown, not part of the index
Return on assets 4.0% 11.6% 22 %
Equity ratio 6.2% 32.6% 7 %
Debt-to-equity 15.03 2.03 5 %
Current ratio 1.70 1.38 66 %
Revenue growth 24.3% 6.8% 82 %
Revenue per employee10.03 MNOK6.45 MNOK

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 34, SOLINA NORWAY AS does better than 17% of medium-sized companies in the same sector (2,203 companies) in 2025.

Over time

Score 2023–2025

CompanyMedian0255075100202320242025
  • SOLINA NORWAY AS
  • Median: medium-sized companies in the same sector
Summary analysis

SOLINA NORWAY AS has a score of 34 for 2025, rank 29,569 of 38,671 in the sector.

Strongest: Growth: percentile 82 against peers, revenue growth 24.3% against a median of 6.8%. Liquidity: percentile 66 against peers, current ratio 1.70 against a median of 1.38.

Weakest: Solidity: percentile 6 against peers, equity ratio 6.2% against a median of 32.6%. Consistency: percentile 16 against peers.

Worth a closer look

Written by fixed rules from the figures. Describes the figures, does not explain causes. Not investment or financial advice. How the summary is made

Analysis · 2025

What the numbers say

SOLINA NORWAY AS had an operating margin of 1.5% and an equity ratio of 6.2% in 2025, and ranks 29,569 of 38,671 in Handel.

From 2024 to 2025: revenue grew by 24%.

This text is generated automatically from the 2025 accounts.

Estimated value · 2025

Three simple methods

One method gives a figure: 3 MNOK.

MethodInputMultipleEstimate
P/E Net profit: −0.2 MNOK 10.0 not meaningful
EV/EBIT Operating profit: 1.6 MNOK
minus net debt 13.4 MNOK
8.0 debt above value
P/B Equity: 2.6 MNOK 1.0 3 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

Indications · 2025

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 6.2% (median 32.6%).

  • watch

    The company made a loss before tax. Are these one-off items or a pattern?

    Based on: Profit margin −0.2% (median 3.2%).

Indications based on the latest annual accounts from open data. Not investment or financial advice.

Data quality

No anomalies found in the figures.

Stress test · 2017

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

Components · 2025

What the score is made of

Profitability25 weight 30%
Solidity6 weight 25%
Liquidity66 weight 15%
Growth82 weight 15%
Consistency16 weight 15%

Durability: 34 (average over 3 years)

Index version 2. Data completeness 100%: the share of the weights that had data.

2025

Questions and answers

How profitable is SOLINA NORWAY AS?

The operating margin was 1.5% in 2025, against a median of 3.2% among medium-sized companies in the same sector. Return on assets was 4.0%. The company made a loss before tax.

How solid is SOLINA NORWAY AS?

The equity ratio was 6.2% in 2025 (median 32.6%). Debt-to-equity was 15.03 (median 2.03).

What is the liquidity of SOLINA NORWAY AS like?

The current ratio was 1.70 in 2025 (median 1.38).

How does SOLINA NORWAY AS compare in Handel?

SOLINA NORWAY AS ranks 29,569 of 38,671 in Handel for 2025. Among companies of the same size (medium-sized companies) it ranks 1,818 of 2,203. Revenue changed by 24.3% from the year before.

From the Central Coordinating Register

Org. no.
935712203
Legal form
AS
Sector
Handel (46.370)
Size tier
medium
Employees
11 registered 10 September 2026
Founded
28 August 1984 42 years in operation
Share capital
0.40 MNOK
Business address
Ringdalskogen 97, 3270 LARVIK
Municipality
Larvik rank 3 of 10 in KOSTRA group 11
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
Kristian Stryker Moe
Chair of the board
Maria Elza M Van Troys
Board member
Adam Paul Jones
Board member
Charles Johansen
Auditor
MOLTZAU REVISJON AS
Accountant
AZETS INSIGHT 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.

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Figures last fetched 28 October 2026.

Details

Year by year · 2023–2025

Key figure202320242025Trend
Index294034
Rank27,44925,13729,569
Operating margin−4.5%0.4%1.5%
Return on assets−6.7%1.0%4.0%
Equity ratio10.4%7.4%6.2%
Current ratio1.682.231.70
Revenue growth–12.8%24.3%

Accounts

From the Brønnøysund Register Centre, in the company's reporting currency (NOK).

Key figure202320242025
Operating revenue78.7 MNOK88.8 MNOK110.4 MNOK
Operating profit−3.5 MNOK0.3 MNOK1.6 MNOK
Profit before tax−6.7 MNOK−2.5 MNOK−0.2 MNOK
Net profit−5.2 MNOK−1.9 MNOK−0.2 MNOK
Financial expenses4.0 MNOK2.9 MNOK1.9 MNOK
Total assets41.0 MNOK37.2 MNOK41.4 MNOK
Current assets18.7 MNOK17.5 MNOK26.6 MNOK
Equity4.3 MNOK2.7 MNOK2.6 MNOK
Retained earnings3.0 MNOK1.5 MNOK1.3 MNOK
Total liabilities36.7 MNOK34.5 MNOK38.8 MNOK
Current liabilities11.1 MNOK7.8 MNOK15.6 MNOK

Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 28 October 2026, accounts id 6643925.