Ferder Solutions AS
Not financial advice. The index, rank, signals and advice are rule-based indications from the latest filed annual accounts. They are not a credit rating, an assessment of management or a recommendation to buy, sell or do business with the company. Read more
Score · fiscal year 2025
39of 100
How to read this: the company is ahead of 27 % of companies in the Morning class Small in the same sector in 2025. What does this mean?
Rank in the Morning class Small: 1,369 of 1,867 · What are Morning company classes?
Place in the whole sector: 3,816 of 5,265 · Industri
Profile
Elephant · Steward
Lower profitability, high resilience
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 13 and resilience 62 out of 100 among companies in the Morning class Small in the same sector in 2025. Methodology
Against the sector
Ferder Solutions AS is 12 points below the median for companies in the Morning class Small in the same sector in 2025.
Median score 51 among 1,867 companies.
Against companies in the Morning class Small in the same sector in 2025: operating margin −4.0% (median 4.6%) and equity ratio 60.1% (median 42.4%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 11 MNOK | 22 MNOK |
| Operating margin | −4.0% | 4.6% |
| Profit margin | −3.9% | 4.5% |
| Return on assets | −8.1% | 9.7% |
| Equity ratio | 60.1% | 42.4% |
| Debt-to-equity | 0.66 | 1.25 |
| Current ratio | 2.43 | 1.76 |
| Revenue growth | −11.5% | 5.3% |
| Revenue per employee | 1.42 MNOK | 1.78 MNOK |
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 39, Ferder Solutions AS does better than 27% of companies in the Morning class Small in the same sector (1,867 companies) in 2025.
Score 2023–2025
- Ferder Solutions AS
- Median: companies in the Morning class Small in the same sector
Ferder Solutions AS has a score of 39 for 2025, rank 3,816 of 5,265 in the sector.
Strongest: Solidity: percentile 73 against peers, equity ratio 60.1% against a median of 42.4%. Liquidity: percentile 72 against peers, current ratio 2.43 against a median of 1.76.
Weakest: Profitability: percentile 13 against peers, operating margin −4.0% against a median of 4.6%. Consistency: percentile 35 against peers.
Worth a closer look
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin −3.9% (median 4.5%).
- The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors? Based on: operating margin −4.0% (median 4.6%).
- What lies behind weak profitability, and will it last?
- What lies behind weak consistency, 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?
In 2025 the operating margin of Ferder Solutions AS rose by 4.9 percentage points. Comparable companies rose by a median 0.0 points. So the company did 4.9 points better than the industry, for reasons of its own.
Over 2 year-to-year changes Ferder Solutions AS moved the same way as comparable companies 0 times. About 0% of the changes in operating margin were common to the industry; the rest was the company's own.
| Year | The company | Comparable (median) | Change, company | Change, industry | The company's own |
|---|---|---|---|---|---|
| 2024 | −8.9% | 4.6% | +6.7 percentage points | 0.0 percentage points | +6.7 percentage points |
| 2025 | −4.0% | 4.6% | +4.9 percentage points | +0.0 percentage points | +4.9 percentage points |
Comparable companies are those in the same industry and Morning company class. Their change shows what hit the whole industry, the sector drivers below included. The rest is the company's own: contracts, costs, one-off items or operations. The share is approximate, and we claim no cause.
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 Ferder Solutions AS. The figures stand side by side; we claim no cause.
Producer prices in manufacturing (indeks (2021 = 100))
Producer prices in manufacturing rose 2.9% in 2025; the operating margin of Ferder Solutions AS rose 4.9 percentage points.
| 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 | – | – | −15.6% | −8.9% | −4.0% | – |
Source: SSB (12462, CC BY 4.0). Source
EUR/NOK (kr)
EUR/NOK rose 0.8% in 2025; the operating margin of Ferder Solutions AS rose 4.9 percentage points.
| 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 | – | – | −15.6% | −8.9% | −4.0% | – |
Source: Norges Bank (EXR, NLOD 2.0). Source
Wholesale power price (øre per kWh)
Wholesale power price rose 9.4% in 2025; the operating margin of Ferder Solutions AS rose 4.9 percentage points.
| 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 | – | – | −15.6% | −8.9% | −4.0% | – |
Source: SSB (09363, CC BY 4.0). Source
USD/NOK (kr)
USD/NOK fell 3.3% in 2025; the operating margin of Ferder Solutions AS rose 4.9 percentage points.
| 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 | – | – | −15.6% | −8.9% | −4.0% | – |
Source: Norges Bank (EXR, NLOD 2.0). Source
Wage index: fabricated metal products (indeks)
Wage index: fabricated metal products rose 5.8% in 2025; the operating margin of Ferder Solutions AS rose 4.9 percentage points.
| 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 | – | – | −15.6% | −8.9% | −4.0% | – |
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
Ferder Solutions AS had an operating margin of −4.0% and an equity ratio of 60.1% in 2025, and ranks 3,816 of 5,265 in Industri.
From 2024 to 2025: the operating margin rose from −8.9% to −4.0% and revenue fell by 11%.
This text is generated automatically from the 2025 accounts.
Three simple methods
One method gives a figure: 8 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 25.8 | not meaningful |
| EV/EBIT | 19.1 | not meaningful |
| P/B | 4.0 | 8 MNOK |
The listed basis is the value at listed multiples. The estimate is lowered for size: a small-company premium of 4% on the cost of equity gives a value 38% lower. No separate marketability discount is applied, because the premium already allows for the company being small and unlisted.
The multiples are from the listed industry that matches the NACE code (26): Machinery.
Not financial advice. The value range is a rough model estimate from listed-company multiples, not a valuation, a price target or a price offer. The actual value may differ greatly. Read more
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 company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −3.9% (median 4.5%).
- 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 −4.0% (median 4.6%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
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 | 13 | weight 40% |
|---|---|---|
| Solidity | 73 | weight 20% |
| Liquidity | 72 | weight 5% |
| Growth | 46 | weight 25% |
| Consistency | 35 | weight 10% |
Three goals: profitability 40%, growth 25%, resilience 35%. Why these weights?
Durability: 43 (average over 3 years)
Index version 3. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Ferder Solutions AS?
The operating margin was −4.0% in 2025, against a median of 4.6% among companies in the Morning class Small in the same sector. Return on assets was −8.1%. The company made a loss before tax.
How solid is Ferder Solutions AS?
The equity ratio was 60.1% in 2025 (median 42.4%). Debt-to-equity was 0.66 (median 1.25).
What is the liquidity of Ferder Solutions AS like?
The current ratio was 2.43 in 2025 (median 1.76).
How does Ferder Solutions AS compare in Industri?
Ferder Solutions AS ranks 3,816 of 5,265 in Industri for 2025. Among companies in the Morning class Small it is number 1,369 of 1,867. Revenue changed by −11.5% from the year before.
From the Central Coordinating Register
- Org. no.
- 959079153
- Legal form
- AS
- Sector
- Industri (26.700)
- Morning company class
- Small
- Employees
- 8 registered 10 September 2026
- Founded
- 1 November 1990 36 years in operation
- Share capital
- 0.20 MNOK
- Business address
- Smidsrødveien 95, 3120 NØTTERØY (FÆRDER)
- Municipality
- Færder rank 8–17 of 27 in KOSTRA group 9
- Latest accounts filed
- 2025
- Website
- www.arctic-heating.com
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
- Largest owner
- 40.0%
- Split
- companies 100% · private persons 0% · foreign 0%
- Owned from the same municipality
- 73%
- GP Invest AS · 40.0%
- Proca AS · 32.5%
- Tesfaye AS · 27.5%
Change 2007–2025:
43% of the shares changed owner (0 new and 2 departed owners).
Departed (companies): Dielcon AB
Holds shares in: Ecofang AS (0%)
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.
Is this your company? Suggest changes or add information
Figures last fetched 6 November 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 42 | 47 | 39 | |
| Rank | 3,156 | 2,966 | 3,816 | |
| Operating margin | −15.6% | −8.9% | −4.0% | |
| Return on assets | −21.9% | −18.5% | −8.1% | |
| Equity ratio | 67.8% | 63.8% | 60.1% | |
| Current ratio | 3.00 | 2.66 | 2.43 | |
| Revenue growth | – | 22.6% | −11.5% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 10.5 MNOK | 12.9 MNOK | 11.4 MNOK |
| Operating profit | −1.6 MNOK | −1.1 MNOK | −0.5 MNOK |
| Profit before tax | −1.6 MNOK | −1.1 MNOK | −0.4 MNOK |
| Tax expense | – | – | – |
| Net profit | −1.6 MNOK | −1.1 MNOK | −0.4 MNOK |
| Financial expenses | 0.1 MNOK | 0.0 MNOK | – |
| Total assets | 7.1 MNOK | 5.8 MNOK | 5.4 MNOK |
| Current assets | 6.8 MNOK | 5.6 MNOK | 5.2 MNOK |
| Equity | 4.8 MNOK | 3.7 MNOK | 3.2 MNOK |
| Retained earnings | 4.6 MNOK | 3.5 MNOK | 3.0 MNOK |
| Total liabilities | 2.3 MNOK | 2.1 MNOK | 2.2 MNOK |
| Current liabilities | 2.3 MNOK | 2.1 MNOK | 2.2 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 6 November 2026, accounts id 6909908.
Further
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