HTH AS
Score · fiscal year 2025
43of 100
How to read this: the company is ahead of 37 % of small companies in the same sector in 2025. What does this mean?
Rank: 24,854 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 40 and solidity 44 out of 100 among small companies in the same sector in 2025. Methodology
Against the sector
HTH AS is 7 points below the median for small companies in the same sector in 2025.
Median score 50 among 36,111 companies.
Against small companies in the same sector in 2025: operating margin −23.1% (median 2.5%) and equity ratio 38.4% (median 38.3%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 27 MNOK | 3 MNOK |
| Operating margin | −23.1% | 2.5% |
| Profit margin | 48.0% | 2.2% |
| Return on assets | 12.0% | 4.0% |
| Equity ratio | 38.4% | 38.3% |
| Debt-to-equity | 1.61 | 0.99 |
| Current ratio | 1.33 | 1.70 |
| Revenue growth | 0.9% | 3.5% |
| Revenue per employee | 2.07 MNOK | 1.62 MNOK |
The median and “ahead of” refer to small companies in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 43, HTH AS does better than 37% of small companies in the same sector (36,580 companies) in 2025.
Score 2023–2025
- HTH AS
- Median: small companies in the same sector
HTH AS has a score of 43 for 2025, rank 24,854 of 38,671 in the sector.
Strongest: Consistency: percentile 48 against peers.
Weakest: Liquidity: percentile 39 against peers, current ratio 1.33 against a median of 1.70.
Worth a closer look
- The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors? Based on: operating margin −23.1% (median 2.5%).
- What lies behind weak liquidity, 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
What the numbers say
HTH AS had an operating margin of −23.1% and an equity ratio of 38.4% in 2025, and ranks 24,854 of 38,671 in Handel.
From 2024 to 2025: the operating margin fell from −18.4% to −23.1%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 53 MNOK and 105 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 105 MNOK |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 53 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
- watch
The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors?
Based on: Operating margin −23.1% (median 2.5%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 4.2% 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.
Data quality
No anomalies found in the figures.
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
What the score is made of
| Profitability | 40 | weight 30% |
|---|---|---|
| Solidity | 44 | weight 25% |
| Liquidity | 39 | weight 15% |
| Growth | 43 | weight 15% |
| Consistency | 48 | weight 15% |
Durability: 49 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is HTH AS?
The operating margin was −23.1% in 2025, against a median of 2.5% among small companies in the same sector. Return on assets was 12.0%.
How solid is HTH AS?
The equity ratio was 38.4% in 2025 (median 38.3%). Debt-to-equity was 1.61 (median 0.99).
What is the liquidity of HTH AS like?
The current ratio was 1.33 in 2025 (median 1.70).
How does HTH AS compare in Handel?
HTH AS ranks 24,854 of 38,671 in Handel for 2025. Among companies of the same size (small companies) it ranks 23,160 of 36,580. Revenue changed by 0.9% from the year before.
Group accounts · 2025
42 of 100
Rank 662 of 975 groups with group accounts. Groups are ranked only against each other, not against single companies.
| Key figure | The group | The company alone (2025) |
|---|---|---|
| Operating margin | 0.8% | −23.1% |
| Return on assets | 5.9% | 12.0% |
| Equity ratio | 37.7% | 38.4% |
| Current ratio | 1.26 | 1.33 |
| Revenue growth | −6.5% | 0.9% |
Group index in earlier years: 2023: 39 (810 of 1176), 2024: 45 (595 of 994).
Same formulas and weights as the company index. Group and company are never added together, and the group accounts are not part of sector averages or company rankings.
Source: Brønnøysund Register Centre, group accounts 2025 (open data, NLOD 2.0).
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.
- 957855482
- Legal form
- AS · part of a group
- Sector
- Handel (47.559)
- Size tier
- small
- Employees
- 13 registered 10 October 2026
- Founded
- 17 June 1990 36 years in operation
- Share capital
- 3.00 MNOK
- Business address
- Gladengveien 17, 0661 OSLO
- Municipality
- Oslo rank 106–282 of 357 in Norway
- Latest accounts filed
- 2025
- Website
- www.hth.no
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
- Fred Karlsen
- Chair of the board
- Fred Karlsen
- Board member
- Fredrik Karlsen
- Board member
- Karl Ibsen
- Board member
- Karoline Annie Norum Karlsen
- Auditor
- MYRDAHL OG SVEEN AS
- Accountant
- AIDER 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.
Figures last fetched 28 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 59 | 46 | 43 | |
| Rank | 11,682 | 21,721 | 24,854 | |
| Operating margin | 4.8% | −18.4% | −23.1% | |
| Return on assets | 18.9% | 16.9% | 12.0% | |
| Equity ratio | 59.9% | 36.5% | 38.4% | |
| Current ratio | 0.62 | 1.46 | 1.33 | |
| Revenue growth | – | 1.9% | 0.9% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 26.2 MNOK | 26.7 MNOK | 26.9 MNOK |
| Operating profit | 1.3 MNOK | −4.9 MNOK | −6.2 MNOK |
| Profit before tax | 7.8 MNOK | 18.8 MNOK | 12.9 MNOK |
| Net profit | 5.8 MNOK | 14.6 MNOK | 10.5 MNOK |
| Financial expenses | 3.3 MNOK | 3.0 MNOK | 3.6 MNOK |
| Total assets | 58.8 MNOK | 129.0 MNOK | 137.3 MNOK |
| Current assets | 8.5 MNOK | 110.7 MNOK | 111.2 MNOK |
| Equity | 35.3 MNOK | 47.1 MNOK | 52.7 MNOK |
| Retained earnings | 32.3 MNOK | 44.1 MNOK | 49.7 MNOK |
| Total liabilities | 23.6 MNOK | 82.0 MNOK | 84.7 MNOK |
| Current liabilities | 13.6 MNOK | 75.7 MNOK | 83.4 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 28 October 2026, accounts id 7103947.
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