Matforedling AS
Score · fiscal year 2025
23of 100
How to read this: the company is ahead of 11 % of companies in the Morning class Micro in the same sector in 2025. What does this mean?
Rank in the Morning class Micro: 1,021 of 1,149 · What are Morning company classes?
Place in the whole sector: 4,031 of 4,464 · Industri
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 35 and solidity 11 out of 100 among companies in the Morning class Micro in the same sector in 2025. Methodology
Against the sector
Matforedling AS is 27 points below the median for companies in the Morning class Micro in the same sector in 2025.
Median score 50 among 1,149 companies.
Against companies in the Morning class Micro in the same sector in 2025: operating margin 0.3% (median 3.3%) and equity ratio 3.8% (median 38.0%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 1 MNOK | 4 MNOK |
| Operating margin | 0.3% | 3.3% |
| Profit margin | 0.3% | 2.5% |
| Return on assets | 0.5% | 6.5% |
| Equity ratio | 3.8% | 38.0% |
| Debt-to-equity | 25.18 | 1.27 |
| Current ratio | 0.64 | 1.56 |
| Revenue growth | – | 4.7% |
| Revenue per employee | 0.11 MNOK | 0.67 MNOK |
The median and “ahead of” refer to companies in the Morning class Micro in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 23, Matforedling AS does better than 11% of companies in the Morning class Micro in the same sector (1,149 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.
Matforedling AS has a score of 23 for 2025, rank 4,031 of 4,464 in the sector.
Strongest: Profitability: percentile 35 against peers, operating margin 0.3% against a median of 3.3%.
Weakest: Solidity: percentile 11 against peers, equity ratio 3.8% against a median of 38.0%. Liquidity: percentile 13 against peers, current ratio 0.64 against a median of 1.56.
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 3.8% (median 38.0%).
- Consider strengthening liquidity: current liabilities are 1.6 times current assets. Based on: current ratio 0.64 (median 1.56).
- What lies behind weak solidity, and will it last?
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?
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 Matforedling AS. The figures stand side by side; we claim no cause.
Producer prices in manufacturing (indeks (2021 = 100))
| 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 | – | – | – | – | 0.3% | – |
Source: SSB (12462, CC BY 4.0). Source
EUR/NOK (kr)
| 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 | – | – | – | – | 0.3% | – |
Source: Norges Bank (EXR, NLOD 2.0). Source
Wholesale power price (øre per kWh)
| 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 | – | – | – | – | 0.3% | – |
Source: SSB (09363, CC BY 4.0). Source
USD/NOK (kr)
| 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 | – | – | – | – | 0.3% | – |
Source: Norges Bank (EXR, NLOD 2.0). Source
Wage index: fabricated metal products (indeks)
| 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 | – | – | – | – | 0.3% | – |
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
Matforedling AS had an operating margin of 0.3% and an equity ratio of 3.8% in 2025, and ranks 4,031 of 4,464 in Industri.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 0 MNOK and 0 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 22.2 | 0 MNOK |
| EV/EBIT | 18.6 | 0 MNOK |
| P/B | 3.0 | 0 MNOK |
The listed basis is the value at listed multiples. The estimate is lowered by 51% for an unlisted company: 20% for lack of marketability and 38% for size (a small-company premium of 4% on the cost of equity).
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 3.8% (median 38.0%).
- watch
Consider strengthening liquidity: current liabilities are 1.6 times current assets.
Based on: Current ratio 0.64 (median 1.56).
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.
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 | 35 | weight 30% |
|---|---|---|
| Solidity | 11 | weight 25% |
| Liquidity | 13 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 28 | weight 15% |
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is Matforedling AS?
The operating margin was 0.3% in 2025, against a median of 3.3% among companies in the Morning class Micro in the same sector. Return on assets was 0.5%.
How solid is Matforedling AS?
The equity ratio was 3.8% in 2025 (median 38.0%). Debt-to-equity was 25.18 (median 1.27).
What is the liquidity of Matforedling AS like?
The current ratio was 0.64 in 2025 (median 1.56). Current assets did not cover current liabilities.
How does Matforedling AS compare in Industri?
Matforedling AS ranks 4,031 of 4,464 in Industri for 2025. Among companies in the Morning class Micro it is number 1,021 of 1,149.
From the Central Coordinating Register
- Org. no.
- 935767520
- Legal form
- AS
- Sector
- Industri (10.130)
- Morning company class
- Micro
- Employees
- 11 registered 10 October 2026
- Founded
- 19 May 2025 1 years in operation
- Share capital
- 0.03 MNOK
- Business address
- Gamle Ringeriksvei 14B, 1368 STABEKK (BÆRUM)
- Municipality
- Bærum rank 1 of 11 in KOSTRA group 12
- Audit
- Audit opted out from 28 June 2025
- 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
- 3 (one owner holds more than half)
- Largest owner
- 75.0%
- Split
- companies 17% · private persons 83% · foreign 0%
- Owned from the same municipality
- 10%
- Group chain
- Ultimate owner: private person
- Amartho AS · 16.7%
- 2 private persons · 83.3%
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.
Figures last fetched 5 November 2026.
Year by year
Trends appear once there is more than one fiscal year.
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2025 |
|---|---|
| Operating revenue | 1.2 MNOK |
| Operating profit | 0.0 MNOK |
| Profit before tax | 0.0 MNOK |
| Tax expense | – |
| Net profit | 0.0 MNOK |
| Financial expenses | 0.0 MNOK |
| Total assets | 0.7 MNOK |
| Current assets | 0.4 MNOK |
| Equity | 0.0 MNOK |
| Retained earnings | 0.0 MNOK |
| Total liabilities | 0.7 MNOK |
| Current liabilities | 0.7 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 5 November 2026, accounts id 7196753.
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