MACARTNEY NORGE AS

Org. no. 971232420 · STAVANGER · Founded 1994 · 27 employees

Score · fiscal year 2025

65of 100

How to read this: the company is ahead of 81 % of medium-sized companies in the same sector in 2025. What does this mean?

Rank: 8,062 of 38,670 · Handel

Profile

Lion · Leader

High profitability, high solidity

Position against comparable companies in 2025, not a verdict on the company. Based on profitability 63 and solidity 57 out of 100 among medium-sized companies in the same sector in 2025. Methodology

Against the sector

MACARTNEY NORGE AS is 16 points above the median for medium-sized companies in the same sector in 2025.

Median score 49 among 2,198 companies.

Against medium-sized companies in the same sector in 2025: operating margin 5.0% (median 3.2%) and equity ratio 38.0% (median 32.6%).

Source: Register of Company Accounts and Central Coordinating RegisterFetched 28 October 2026Report an issue
Key figures · 2025

The numbers behind the score

The numbers behind the score · 2025
MeasureCompanyMedianAhead of
Operating revenue238 MNOK173 MNOK
Operating margin 5.0% 3.2% 68 %
Profit margin 5.2% 3.2% shown, not part of the index
Return on assets 13.9% 11.6% 58 %
Equity ratio 38.0% 32.6% 57 %
Debt-to-equity 1.63 2.03 57 %
Current ratio 1.59 1.38 61 %
Revenue growth 39.0% 6.8% 90 %
Revenue per employee8.82 MNOK6.45 MNOK

The median and “ahead of” refer to medium-sized companies in the same sector in 2025. The bar shows the share of companies the figure is ahead of.

With an index of 65, MACARTNEY NORGE AS does better than 81% of medium-sized companies in the same sector (2,203 companies) in 2025.

Over time

Score 2023–2025

CompanyMedian0255075100202320242025
  • MACARTNEY NORGE AS
  • Median: medium-sized companies in the same sector
Summary analysis

MACARTNEY NORGE AS has a score of 65 for 2025, rank 8,062 of 38,670 in the sector.

Strongest: Growth: percentile 90 against peers, revenue growth 39.0% against a median of 6.8%. Profitability: percentile 63 against peers, operating margin 5.0% against a median of 3.2%.

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

Analysis · 2025

What the numbers say

MACARTNEY NORGE AS had an operating margin of 5.0% and an equity ratio of 38.0% in 2025, and ranks 8,062 of 38,670 in Handel.

From 2024 to 2025: revenue grew by 39%.

This text is generated automatically from the 2025 accounts.

Estimated value · 2025

Three simple methods

The methods give between 35 MNOK and 97 MNOK.

MethodInputMultipleEstimate
P/E Net profit: 9.7 MNOK 10.0 97 MNOK
EV/EBIT Operating profit: 11.9 MNOK
minus net debt −0.6 MNOK
8.0 96 MNOK
P/B Equity: 35.4 MNOK 1.0 35 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

Indications · 2025

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 0.8% 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.

Stress test · 2017

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

Components · 2025

What the score is made of

Profitability63 weight 30%
Solidity57 weight 25%
Liquidity61 weight 15%
Growth90 weight 15%
Consistency59 weight 15%

Durability: 65 (average over 3 years)

Index version 2. Data completeness 100%: the share of the weights that had data.

2025

Questions and answers

How profitable is MACARTNEY NORGE AS?

The operating margin was 5.0% in 2025, against a median of 3.2% among medium-sized companies in the same sector. Return on assets was 13.9%.

How solid is MACARTNEY NORGE AS?

The equity ratio was 38.0% in 2025 (median 32.6%). Debt-to-equity was 1.63 (median 2.03).

What is the liquidity of MACARTNEY NORGE AS like?

The current ratio was 1.59 in 2025 (median 1.38).

How does MACARTNEY NORGE AS compare in Handel?

MACARTNEY NORGE AS ranks 8,062 of 38,670 in Handel for 2025. Among companies of the same size (medium-sized companies) it ranks 429 of 2,203. Revenue changed by 39.0% from the year before.

From the Central Coordinating Register

Org. no.
971232420
Legal form
AS
Sector
Handel (46.630)
Size tier
medium
Employees
27 registered 10 September 2026
Founded
1 October 1994 32 years in operation
Share capital
0.10 MNOK
Business address
Fabrikkveien 34, 4033 STAVANGER
Municipality
Stavanger rank 5 of 11 in KOSTRA group 12
Latest accounts filed
2025
Website
www.macartney.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

Chief executive
Bjørn Tormod Akselsen
Chair of the board
Niels Peter Christiansen
Board member
Bjørn Tormod Akselsen
Board member
Niels Erik Hedeager
Auditor
BDO AS

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?

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Figures last fetched 28 October 2026.

Details

Year by year · 2023–2025

Key figure202320242025Trend
Index696065
Rank6,39510,7918,062
Operating margin6.2%5.0%5.0%
Return on assets16.9%11.8%13.9%
Equity ratio43.0%34.3%38.0%
Current ratio1.721.501.59
Revenue growth–40.3%39.0%

Accounts

From the Brønnøysund Register Centre, in the company's reporting currency (NOK).

Key figure202320242025
Operating revenue122.1 MNOK171.4 MNOK238.2 MNOK
Operating profit7.6 MNOK8.6 MNOK11.9 MNOK
Profit before tax7.7 MNOK7.8 MNOK12.5 MNOK
Net profit6.0 MNOK6.1 MNOK9.7 MNOK
Financial expenses0.1 MNOK1.1 MNOK0.5 MNOK
Total assets45.7 MNOK75.0 MNOK93.2 MNOK
Current assets44.7 MNOK73.8 MNOK91.8 MNOK
Equity19.7 MNOK25.7 MNOK35.4 MNOK
Retained earnings19.6 MNOK25.6 MNOK35.3 MNOK
Total liabilities26.1 MNOK49.2 MNOK57.8 MNOK
Current liabilities26.1 MNOK49.2 MNOK57.8 MNOK

Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 28 October 2026, accounts id 6699116.

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