THUNE GULLSMED & Urmaker AS
Score · fiscal year 2025
70of 100
How to read this: the company is ahead of 86 % of companies in the Morning class Medium in the same sector in 2025. What does this mean?
Rank in the Morning class Medium: 525 of 3,706 · What are Morning company classes?
Place in the whole sector: 3,297 of 22,949 · Handel
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 65 and solidity 79 out of 100 among companies in the Morning class Medium in the same sector in 2025. Methodology
Against the sector
THUNE GULLSMED & Urmaker AS is 20 points above the median for companies in the Morning class Medium in the same sector in 2025.
Median score 50 among 3,706 companies.
Against companies in the Morning class Medium in the same sector in 2025: operating margin 7.1% (median 3.0%) and equity ratio 52.6% (median 30.0%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 243 MNOK | 93 MNOK |
| Operating margin | 7.1% | 3.0% |
| Profit margin | 5.3% | 2.8% |
| Return on assets | 12.2% | 11.6% |
| Equity ratio | 52.6% | 30.0% |
| Debt-to-equity | 0.90 | 2.23 |
| Current ratio | 1.84 | 1.39 |
| Revenue growth | 8.1% | 6.1% |
| Revenue per employee | 2.00 MNOK | 5.07 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 70, THUNE GULLSMED & Urmaker AS does better than 86% of companies in the Morning class Medium in the same sector (3,706 companies) in 2025.
Score 2023–2025
- THUNE GULLSMED & Urmaker AS
- Median: companies in the Morning class Medium in the same sector
THUNE GULLSMED & Urmaker AS has a score of 70 for 2025, rank 3,297 of 22,949 in the sector.
Strongest: Solidity: percentile 79 against peers, equity ratio 52.6% against a median of 30.0%. Consistency: percentile 74 against peers.
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
THUNE GULLSMED & Urmaker AS had an operating margin of 7.1% and an equity ratio of 52.6% in 2025, and ranks 3,297 of 22,949 in Handel.
No large changes in the key figures from 2024 to 2025.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 76 MNOK and 138 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 100 MNOK |
| EV/EBIT | 8.0 | 138 MNOK |
| P/B | 1.0 | 76 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 7.0% 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 1.5%. Based on the 11 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 65 | weight 30% |
|---|---|---|
| Solidity | 79 | weight 25% |
| Liquidity | 71 | weight 15% |
| Growth | 57 | weight 15% |
| Consistency | 74 | weight 15% |
Durability: 70 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is THUNE GULLSMED & Urmaker AS?
The operating margin was 7.1% in 2025, against a median of 3.0% among companies in the Morning class Medium in the same sector. Return on assets was 12.2%.
How solid is THUNE GULLSMED & Urmaker AS?
The equity ratio was 52.6% in 2025 (median 30.0%). Debt-to-equity was 0.90 (median 2.23).
What is the liquidity of THUNE GULLSMED & Urmaker AS like?
The current ratio was 1.84 in 2025 (median 1.39).
How does THUNE GULLSMED & Urmaker AS compare in Handel?
THUNE GULLSMED & Urmaker AS ranks 3,297 of 22,949 in Handel for 2025. Among companies in the Morning class Medium it is number 525 of 3,706. Revenue changed by 8.1% from the year before.
Group accounts
The company is registered as part of a group, but we have no group accounts for it. Group accounts are filed by the parent company, and open data does not say which company that is.
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.
We do not show the group structure, because open data does not say who owns whom.
From the Central Coordinating Register
- Org. no.
- 957338879
- Legal form
- AS · part of a group
- Sector
- Handel (47.770)
- Morning company class
- Medium
- Employees
- 121 registered 10 October 2026
- Founded
- 9 April 1990 36 years in operation
- Share capital
- 0.30 MNOK
- Business address
- Fredrik Selmers vei 6, 0663 OSLO
- Municipality
- Oslo rank 63–220 of 357 in Norway
- 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 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 28 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 71 | 69 | 70 | |
| Rank | 3,980 | 3,729 | 3,297 | |
| Operating margin | 7.3% | 6.5% | 7.1% | |
| Return on assets | 11.7% | 11.4% | 12.2% | |
| Equity ratio | 48.2% | 49.7% | 52.6% | |
| Current ratio | 1.64 | 1.71 | 1.84 | |
| Revenue growth | – | 13.4% | 8.1% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 197.8 MNOK | 224.3 MNOK | 242.5 MNOK |
| Operating profit | 14.4 MNOK | 14.5 MNOK | 17.1 MNOK |
| Profit before tax | 10.2 MNOK | 10.3 MNOK | 12.8 MNOK |
| Net profit | 7.9 MNOK | 8.1 MNOK | 10.0 MNOK |
| Financial expenses | 4.8 MNOK | 4.7 MNOK | 4.8 MNOK |
| Total assets | 127.7 MNOK | 131.9 MNOK | 143.6 MNOK |
| Current assets | 108.4 MNOK | 113.2 MNOK | 125.3 MNOK |
| Equity | 61.5 MNOK | 65.6 MNOK | 75.6 MNOK |
| Retained earnings | 59.6 MNOK | 63.7 MNOK | 73.7 MNOK |
| Total liabilities | 66.1 MNOK | 66.3 MNOK | 68.0 MNOK |
| Current liabilities | 66.1 MNOK | 66.3 MNOK | 68.0 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 28 October 2026, accounts id 7186473.
Further
Similar companies
- Nosmoke AS index 70, rank 3,288 · compare
- Fjordbuda Nordvest AS index 70, rank 3,294 · compare
- Gullhøna AS index 70, rank 3,295 · compare
- Equip Norway AS index 70, rank 3,300 · compare
- Alles Miljø AS index 70, rank 3,303 · compare