Candy 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
56of 100
How to read this: the company is ahead of 60 % of companies in the Morning class Micro in the same sector in 2025. What does this mean?
Rank in the Morning class Micro: 1,691 of 4,239 · What are Morning company classes?
Place in the whole sector: 2,692 of 6,735 · Overnatting og servering
Profile
Cheetah · Sprinter
High profitability, lower resilience
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 68 and resilience 46 out of 100 among companies in the Morning class Micro in the same sector in 2025. Methodology
Against the sector
Candy AS is 7 points above the median for companies in the Morning class Micro in the same sector in 2025.
Median score 49 among 4,230 companies.
Against companies in the Morning class Micro in the same sector in 2025: operating margin 6.8% (median 1.6%) and equity ratio 21.0% (median 13.8%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 2 MNOK | 5 MNOK |
| Operating margin | 6.8% | 1.6% |
| Profit margin | 6.2% | 1.2% |
| Return on assets | 13.8% | 5.7% |
| Equity ratio | 21.0% | 13.8% |
| Debt-to-equity | 3.77 | 1.97 |
| Current ratio | 0.91 | 1.01 |
| Revenue growth | 1,361.8% | 5.7% |
| Revenue per employee | 0.22 MNOK | 0.46 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 56, Candy AS does better than 60% of companies in the Morning class Micro in the same sector (4,239 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.
Candy AS has a score of 56 for 2025, rank 2,692 of 6,735 in the sector.
Strongest: Profitability: percentile 68 against peers, operating margin 6.8% against a median of 1.6%.
No area is clearly below its peers.
Worth a closer look
- Consider strengthening liquidity: current liabilities are 1.1 times current assets. Based on: current ratio 0.91 (median 1.01).
- Strong growth with weak liquidity. Is the growth financed, or does it tie up capital the company does not have? Based on: revenue growth 1,361.8% (median 5.7%); current ratio 0.91 (median 1.01).
- The change in operating margin in 2025 was 67.7 percentage points weaker than for comparable companies: the company −68.3, the industry −0.6 points. That is the company's own, not something that hit the whole industry.
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 Candy AS fell by 68.3 percentage points. Comparable companies fell by a median 0.6 points. So the company did 67.7 points weaker than the industry, for reasons of its own.
Over 2 year-to-year changes Candy AS moved the same way as comparable companies 2 times. About 1% 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 | 75.2% | 2.3% | +33.7 percentage points | +0.4 percentage points | +33.3 percentage points |
| 2025 | 6.8% | 1.6% | −68.3 percentage points | −0.6 percentage points | −67.7 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 Candy AS. The figures stand side by side; we claim no cause.
Service prices: accommodation and food (indeks (2021 = 100))
Service prices: accommodation and food rose 3.6% in 2025; the operating margin of Candy AS fell 68.3 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Service prices: accommodation and food, annual average | 100.0 | 107.9 | 114.0 | 118.8 | 123.1 | 126.9 (so far) |
| Change from the year before | – | +7.9% | +5.7% | +4.1% | +3.6% | +3.1% |
| The company's operating margin | – | – | 41.4% | 75.2% | 6.8% | – |
Source: SSB (14335, CC BY 4.0). Source
Turnover index: accommodation and food service (indeks (2021 = 100))
Turnover index: accommodation and food service rose 2.3% in 2025; the operating margin of Candy AS fell 68.3 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Turnover index: accommodation and food service, annual average | 97.0 | 139.7 | 153.5 | 157.8 | 161.5 | 170.4 (so far) |
| Change from the year before | +23.4% | +44.1% | +9.9% | +2.8% | +2.3% | +5.5% |
| The company's operating margin | – | – | 41.4% | 75.2% | 6.8% | – |
Source: SSB (13863, CC BY 4.0). Source
Consumer price index (indeks (2025 = 100))
Consumer price index rose 3.0% in 2025; the operating margin of Candy AS fell 68.3 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Consumer price index, annual average | 84.3 | 89.2 | 94.1 | 97.0 | 100.0 | 102.9 (so far) |
| Change from the year before | +3.5% | +5.8% | +5.5% | +3.2% | +3.0% | +2.9% |
| The company's operating margin | – | – | 41.4% | 75.2% | 6.8% | – |
Source: SSB (14710, CC BY 4.0). Source
EUR/NOK (kr)
EUR/NOK rose 0.8% in 2025; the operating margin of Candy AS fell 68.3 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 | – | – | 41.4% | 75.2% | 6.8% | – |
Source: Norges Bank (EXR, NLOD 2.0). Source
Policy rate (prosent)
Policy rate fell 0.20 percentage points in 2025; the operating margin of Candy AS fell 68.3 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Policy rate, annual average | 0.08 | 1.32 | 3.54 | 4.50 | 4.30 | 4.17 (so far) |
| Change from the year before | −0.28 percentage points | +1.24 percentage points | +2.22 percentage points | +0.96 percentage points | −0.20 percentage points | −0.12 percentage points |
| The company's operating margin | – | – | 41.4% | 75.2% | 6.8% | – |
Source: Norges Bank (IR, NLOD 2.0). Source
Wage index: food and beverage service (indeks)
Wage index: food and beverage service rose 6.5% in 2025; the operating margin of Candy AS fell 68.3 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Wage index: food and beverage service, annual average | 88.0 | 91.3 | 96.4 | 101.5 | 108.1 | 110.6 (so far) |
| Change from the year before | +3.5% | +3.8% | +5.6% | +5.4% | +6.5% | +2.3% |
| The company's operating margin | – | – | 41.4% | 75.2% | 6.8% | – |
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
Candy AS had an operating margin of 6.8% and an equity ratio of 21.0% in 2025, and ranks 2,692 of 6,735 in Overnatting og servering.
From 2024 to 2025: revenue grew by 1,362% and the operating margin fell from 75.2% to 6.8%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 1 MNOK and 1 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 19.8 | 1 MNOK |
| EV/EBIT | 16.2 | 1 MNOK |
| P/B | 3.3 | 1 MNOK |
| EV/EBIT: from enterprise value to equity | NOK |
|---|---|
| Enterprise value (EV) at the listed multiple | 2 MNOK |
| Enterprise value after the size adjustment | 1 MNOK |
| Less net debt (rough figure) | 0 MNOK |
| Equity value | 1 MNOK |
Net debt is a rough figure: long-term liabilities minus cash. The accounts do not split interest-bearing debt from other liabilities, and short-term borrowings are not included. The size adjustment applies to the enterprise value, not to the debt.
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 (56): Restaurant/Dining.
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
Consider strengthening liquidity: current liabilities are 1.1 times current assets.
Based on: Current ratio 0.91 (median 1.01).
- watch
Strong growth with weak liquidity. Is the growth financed, or does it tie up capital the company does not have?
Based on: Revenue growth 1,361.8% (median 5.7%); Current ratio 0.91 (median 1.01).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 1.9% 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 1.8%. 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 | 68 | weight 40% |
|---|---|---|
| Solidity | 45 | weight 20% |
| Liquidity | 44 | weight 5% |
| Growth | 50 | weight 25% |
| Consistency | 48 | weight 10% |
Three goals: profitability 40%, growth 25%, resilience 35%. Why these weights?
Index version 3. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Candy AS?
The operating margin was 6.8% in 2025, against a median of 1.6% among companies in the Morning class Micro in the same sector. Return on assets was 13.8%.
How solid is Candy AS?
The equity ratio was 21.0% in 2025 (median 13.8%). Debt-to-equity was 3.77 (median 1.97).
What is the liquidity of Candy AS like?
The current ratio was 0.91 in 2025 (median 1.01). Current assets did not cover current liabilities.
How does Candy AS compare in Overnatting og servering?
Candy AS ranks 2,692 of 6,735 in Overnatting og servering for 2025. Among companies in the Morning class Micro it is number 1,691 of 4,239. Revenue changed by 1,361.8% from the year before.
Competitors
The 8 closest competitors in the same line of business, placed in the same matrix as the sector page: profitability up, resilience to the right. These are the companies the competitor analysis and the strategy report compare with.
| Company | Profile | Operating revenue | Operating margin | Score |
|---|---|---|---|---|
| KARAKET & Meg AS |  Beaver |
2 MNOK | −7.6% | 27 |
| Candy AS (this company) |  Cheetah |
2 MNOK | 6.8% | 56 |
| Easy Eagle Service AS | Beaver |
2 MNOK | −4.8% | 24 |
| Bryggekanten Kafe og Bistro Langesund AS |  Elephant |
2 MNOK | −0.6% | 57 |
| Dai AS | Beaver |
2 MNOK | −14.2% | 3 |
| Taste of Thai BY Charini AS | Cheetah |
2 MNOK | 3.3% | 55 |
| Fosnavåg Pizza AS | Beaver |
2 MNOK | −24.2% | 10 |
| Mood for Food AS | Beaver |
2 MNOK | −6.0% | 31 |
| Dagros Drift AS | Elephant |
2 MNOK | 1.0% | 49 |
The selection is the closest in revenue within the same industry code. When you order, you can swap competitors. Order competitor analysis
From the Central Coordinating Register
- Org. no.
- 967976024
- Legal form
- AS
- Sector
- Overnatting og servering (56.110)
- Morning company class
- Micro
- Employees
- 11 registered 10 October 2026
- Founded
- 19 November 1993 32 years in operation
- Share capital
- 0.10 MNOK
- Business address
- Gamle Ringeriksvei 1, 1369 STABEKK (BÆRUM)
- Municipality
- Bærum rank 1 of 11 in KOSTRA group 12
- Audit
- Audit opted out from 26 September 2012
- 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
- 2
- Largest owner
- 50.0%
- Split
- companies 50% · private persons 50% · foreign 0%
- Owned from the same municipality
- 0%
- Hks Investment AS · 50.0%
- 1 private persons · 50.0%
Change 2007–2025:
100% of the shares changed owner (2 new and 2 departed owners). The majority owner changed.
New owners (companies): Hks Investment AS
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 5 November 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | – | – | 56 | |
| Rank | – | – | 2,692 | |
| Operating margin | 41.4% | 75.2% | 6.8% | |
| Return on assets | 38.4% | 50.1% | 13.8% | |
| Equity ratio | 23.3% | 56.5% | 21.0% | |
| Current ratio | 1.30 | 0.44 | 0.91 | |
| Revenue growth | – | −23.0% | 1,361.8% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 0.2 MNOK | 0.2 MNOK | 2.4 MNOK |
| Operating profit | 0.1 MNOK | 0.1 MNOK | 0.2 MNOK |
| Profit before tax | 0.1 MNOK | 0.1 MNOK | 0.2 MNOK |
| Tax expense | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Net profit | 0.1 MNOK | 0.1 MNOK | 0.1 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Total assets | 0.2 MNOK | 0.2 MNOK | 1.2 MNOK |
| Current assets | 0.2 MNOK | 0.0 MNOK | 0.5 MNOK |
| Equity | 0.1 MNOK | 0.1 MNOK | 0.3 MNOK |
| Retained earnings | 0.0 MNOK | 0.0 MNOK | 0.2 MNOK |
| Total liabilities | 0.2 MNOK | 0.1 MNOK | 1.0 MNOK |
| Current liabilities | 0.2 MNOK | 0.1 MNOK | 0.6 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 5 November 2026, accounts id 6481147.
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