Holger Hartmann AS
Score · fiscal year 2025
65of 100
How to read this: the company is ahead of 78 % of companies in the Morning class Medium in the same sector in 2025. What does this mean?
Rank in the Morning class Medium: 834 of 3,706 · What are Morning company classes?
Place in the whole sector: 5,088 of 22,949 · Handel
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 92 and solidity 40 out of 100 among companies in the Morning class Medium in the same sector in 2025. Methodology
Against the sector
Holger Hartmann AS is 15 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 14.8% (median 3.0%) and equity ratio 25.4% (median 30.0%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 229 MNOK | 93 MNOK |
| Operating margin | 14.8% | 3.0% |
| Profit margin | 15.7% | 2.8% |
| Return on assets | 33.1% | 11.6% |
| Equity ratio | 25.4% | 30.0% |
| Debt-to-equity | 2.94 | 2.23 |
| Current ratio | 1.21 | 1.39 |
| Revenue growth | 23.8% | 6.1% |
| Revenue per employee | 6.73 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 65, Holger Hartmann AS does better than 78% of companies in the Morning class Medium in the same sector (3,706 companies) in 2025.
Score 2023–2025
- Holger Hartmann AS
- Median: companies in the Morning class Medium in the same sector
Holger Hartmann AS has a score of 65 for 2025, rank 5,088 of 22,949 in the sector.
Strongest: Profitability: percentile 92 against peers, operating margin 14.8% against a median of 3.0%. Growth: percentile 83 against peers, revenue growth 23.8% against a median of 6.1%.
Weakest: Liquidity: percentile 34 against peers, current ratio 1.21 against a median of 1.39.
Worth a closer look
- 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
Holger Hartmann AS had an operating margin of 14.8% and an equity ratio of 25.4% in 2025, and ranks 5,088 of 22,949 in Handel.
From 2024 to 2025: revenue grew by 24%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 28 MNOK and 279 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 279 MNOK |
| EV/EBIT | 8.0 | 272 MNOK |
| P/B | 1.0 | 28 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 0.4% 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 | 92 | weight 30% |
|---|---|---|
| Solidity | 40 | weight 25% |
| Liquidity | 34 | weight 15% |
| Growth | 83 | weight 15% |
| Consistency | 62 | weight 15% |
Durability: 60 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Holger Hartmann AS?
The operating margin was 14.8% in 2025, against a median of 3.0% among companies in the Morning class Medium in the same sector. Return on assets was 33.1%.
How solid is Holger Hartmann AS?
The equity ratio was 25.4% in 2025 (median 30.0%). Debt-to-equity was 2.94 (median 2.23).
What is the liquidity of Holger Hartmann AS like?
The current ratio was 1.21 in 2025 (median 1.39).
How does Holger Hartmann AS compare in Handel?
Holger Hartmann AS ranks 5,088 of 22,949 in Handel for 2025. Among companies in the Morning class Medium it is number 834 of 3,706. Revenue changed by 23.8% 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.
Public contracts
- Contracts awarded since 2024
- 4
- Total awarded value since 2024
- 4.7 MNOK
- 1 contracts without a stated value are not in the total.
- Framework agreements
- 1
- Left out of the total: the value is a ceiling, not actual spend.
| Date | Buyer | Notice | Value |
|---|---|---|---|
| 20 May 2026 | Helse Sør-Øst RHF | 9331 Mikroskop - Livsvitenskapsbygget | 0.1 MNOK |
| 28 November 2025 | STATSBYGG | 1105601 UiO Livsvitenskap brukerutstyr. K935 Optisk mikroskopi, kontrakt A | 4.6 MNOK |
| 24 March 2025 | NTNU | Mikrobølgefordøyelsessystem | value not stated |
| 28 November 2024 | Norges miljø- og biovitenskapelige universitet | Stereomikroskop for undervisning | value not stated |
| 30 August 2023 | Universitetet i Oslo | Mikroskop med laserassistert injeksjon og disseksjon | 0.0 MNOK |
| 29 November 2021 | NTNU | Snittscanner | 0.0 MNOK |
| 7 July 2020 | UNIVERSITETET I BERGEN | Konfokalmikroskoper | 0.0 MNOK |
| 19 February 2020 | UNIVERSITETET I BERGEN | Multiphoton microscope K2 | 0.0 MNOK |
| 31 January 2020 | Sjøfartsdirektoratet | Rammeavtale for kjøp av håndholdte XRF apparater med tilleggsutstyr og service for analysering av svovel i drivstoff | 3.5 MNOK (framework) |
| 24 June 2019 | UiT Norges arktiske universitet | Røntgenutstyr for fotografering av museumsgjenstandrer | 1.4 MNOK |
Based on notices in Doffin. Does not show call-offs under framework agreements or purchases below the publication threshold. Values are as stated by the buyer.
Source: Doffin (DFØ), fetched 28 October 2026. Winners are matched on organisation number.
Contains data under the Norwegian licence for public data (NLOD 2.0) made available by Doffin/the Norwegian Agency for Public and Financial Management (DFØ). NLOD 2.0
From the Central Coordinating Register
- Org. no.
- 967289965
- Legal form
- AS · part of a group
- Sector
- Handel (46.640)
- Morning company class
- Medium
- Employees
- 34 registered 10 September 2026
- Founded
- 9 August 1993 33 years in operation
- Share capital
- 0.10 MNOK
- Business address
- Berghagan 3, 1405 LANGHUS (NORDRE FOLLO)
- Municipality
- Nordre Follo rank 1 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
Loading roles …
Source: Central Coordinating Register, fetched 31 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 | 54 | 61 | 65 | |
| Rank | 9,366 | 6,616 | 5,088 | |
| Operating margin | 16.6% | 15.3% | 14.8% | |
| Return on assets | 37.6% | 32.1% | 33.1% | |
| Equity ratio | 19.3% | 24.8% | 25.4% | |
| Current ratio | 1.05 | 1.18 | 1.21 | |
| Revenue growth | – | 8.0% | 23.8% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 171.2 MNOK | 184.9 MNOK | 228.9 MNOK |
| Operating profit | 28.4 MNOK | 28.3 MNOK | 33.8 MNOK |
| Profit before tax | 27.6 MNOK | 29.1 MNOK | 35.8 MNOK |
| Net profit | 21.5 MNOK | 22.7 MNOK | 27.9 MNOK |
| Financial expenses | 2.0 MNOK | 1.0 MNOK | 0.3 MNOK |
| Total assets | 78.7 MNOK | 93.8 MNOK | 109.3 MNOK |
| Current assets | 66.9 MNOK | 83.4 MNOK | 98.9 MNOK |
| Equity | 15.2 MNOK | 23.3 MNOK | 27.7 MNOK |
| Retained earnings | 14.2 MNOK | 22.3 MNOK | 26.7 MNOK |
| Total liabilities | 63.5 MNOK | 70.5 MNOK | 81.5 MNOK |
| Current liabilities | 63.5 MNOK | 70.5 MNOK | 81.5 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 28 October 2026, accounts id 7020532.
Further
Similar companies
- Bilressurs AS index 65, rank 5,082 · compare
- Sarpsborg Metall AS index 65, rank 5,089 · compare
- Procab AS index 65, rank 5,090 · compare
- Svalbard Auto AS index 65, rank 5,095 · compare
- Båtutstyr AS index 65, rank 5,098 · compare