Spanne Blikk 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
58of 100
How to read this: the company is ahead of 63 % of companies in the Morning class Small in the same sector in 2025. What does this mean?
Rank in the Morning class Small: 691 of 1,867 · What are Morning company classes?
Place in the whole sector: 1,882 of 5,265 · Industri
Profile
Cheetah · Sprinter
High profitability, lower resilience
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 91 and resilience 25 out of 100 among companies in the Morning class Small in the same sector in 2025. Methodology
Against the sector
Spanne Blikk AS is 7 points above 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 13.5% (median 4.6%) and equity ratio 12.0% (median 42.4%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 10 MNOK | 22 MNOK |
| Operating margin | 13.5% | 4.6% |
| Profit margin | 14.1% | 4.5% |
| Return on assets | 46.7% | 9.7% |
| Equity ratio | 12.0% | 42.4% |
| Debt-to-equity | 7.36 | 1.25 |
| Current ratio | 0.96 | 1.76 |
| Revenue growth | 1.7% | 5.3% |
| Revenue per employee | 0.93 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 58, Spanne Blikk AS does better than 63% of companies in the Morning class Small in the same sector (1,867 companies) in 2025.
Score 2023–2025
- Spanne Blikk AS
- Median: companies in the Morning class Small in the same sector
Spanne Blikk AS has a score of 58 for 2025, rank 1,882 of 5,265 in the sector.
Strongest: Profitability: percentile 91 against peers, operating margin 13.5% against a median of 4.6%.
Weakest: Solidity: percentile 12 against peers, equity ratio 12.0% against a median of 42.4%. Liquidity: percentile 12 against peers, current ratio 0.96 against a median of 1.76.
Worth a closer look
- Consider strengthening liquidity: current liabilities are 1.0 times current assets. Based on: current ratio 0.96 (median 1.76).
- What lies behind weak solidity, and will it last?
- The change in operating margin in 2025 was 2.4 percentage points better than for comparable companies: the company +2.5, the industry +0.0 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 Spanne Blikk AS rose by 2.5 percentage points. Comparable companies rose by a median 0.0 points. So the company did 2.4 points better than the industry, for reasons of its own.
Over 2 year-to-year changes Spanne Blikk AS moved the same way as comparable companies 0 times. About 2% 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 | 11.0% | 4.6% | −0.2 percentage points | 0.0 percentage points | −0.2 percentage points |
| 2025 | 13.5% | 4.6% | +2.5 percentage points | +0.0 percentage points | +2.4 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 Spanne Blikk 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 Spanne Blikk AS rose 2.5 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 | – | – | 11.2% | 11.0% | 13.5% | – |
Source: SSB (12462, CC BY 4.0). Source
EUR/NOK (kr)
EUR/NOK rose 0.8% in 2025; the operating margin of Spanne Blikk AS rose 2.5 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 | – | – | 11.2% | 11.0% | 13.5% | – |
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 Spanne Blikk AS rose 2.5 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 | – | – | 11.2% | 11.0% | 13.5% | – |
Source: SSB (09363, CC BY 4.0). Source
USD/NOK (kr)
USD/NOK fell 3.3% in 2025; the operating margin of Spanne Blikk AS rose 2.5 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 | – | – | 11.2% | 11.0% | 13.5% | – |
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 Spanne Blikk AS rose 2.5 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 | – | – | 11.2% | 11.0% | 13.5% | – |
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
Spanne Blikk AS had an operating margin of 13.5% and an equity ratio of 12.0% in 2025, and ranks 1,882 of 5,265 in Industri.
From 2024 to 2025: the operating margin rose from 11.0% to 13.5%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 1 MNOK and 15 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 22.2 | 14 MNOK |
| EV/EBIT | 18.6 | 15 MNOK |
| P/B | 3.0 | 1 MNOK |
| EV/EBIT: from enterprise value to equity | NOK |
|---|---|
| Enterprise value (EV) at the listed multiple | 23 MNOK |
| Enterprise value after the size adjustment | 14 MNOK |
| Less net debt (rough figure) | 0 MNOK |
| Equity value | 15 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 NACE code has no listed industry of its own in the table, so the multiples are the sector median: Machinery, Food Processing, Chemical (Specialty), Building Materials, Packaging & Container.
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 1.0 times current assets.
Based on: Current ratio 0.96 (median 1.76).
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 | 91 | weight 40% |
|---|---|---|
| Solidity | 12 | weight 20% |
| Liquidity | 12 | weight 5% |
| Growth | 53 | weight 25% |
| Consistency | 57 | weight 10% |
Three goals: profitability 40%, growth 25%, resilience 35%. Why these weights?
Durability: 54 (average over 3 years)
Index version 3. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Spanne Blikk AS?
The operating margin was 13.5% in 2025, against a median of 4.6% among companies in the Morning class Small in the same sector. Return on assets was 46.7%.
How solid is Spanne Blikk AS?
The equity ratio was 12.0% in 2025 (median 42.4%). Debt-to-equity was 7.36 (median 1.25).
What is the liquidity of Spanne Blikk AS like?
The current ratio was 0.96 in 2025 (median 1.76). Current assets did not cover current liabilities.
How does Spanne Blikk AS compare in Industri?
Spanne Blikk AS ranks 1,882 of 5,265 in Industri for 2025. Among companies in the Morning class Small it is number 691 of 1,867. Revenue changed by 1.7% from the year before.
Group structure · 2025
2 companies in the group according to the shareholder register for 2025. A company counts as a subsidiary when a Norwegian company owns more than half of its shares.
No owner holds more than half of the shares in Spanne Holding AS.
Spanne Holding AS has not filed group accounts in open data, so the group has no index of its own. Each company has its own accounts.
The group in figures
- Sectors
- Industri (1 company) 1 of 2 companies in the tree have accounts with us. Sectors are sorted by the companies' own revenue, which includes sales between the group's companies.
- Employees in Norway
- 11 in all. Karmøy 11 Registered employees in the Central Coordinating Register, by the municipality of the business address. Employees may work elsewhere.
-
Spanne Holding AS
- Spanne Blikk AS you are here
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.
Source: the Norwegian Tax Administration's shareholder register 2025 (majority owner with more than 50 % of the shares). Voting agreements and ownership through other countries are not included.
Public contracts
- Contracts awarded since 2024
- 0
- Total awarded value since 2024
- value not stated
| Date | Buyer | Notice | Value |
|---|---|---|---|
| 5 July 2019 | Haugesund kommune | Totalentreprise blikkenslagerarbeider - rehabilitering av taket på Haugesund Rådhus | 11.4 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.
- 972420158
- Legal form
- AS
- Sector
- Industri (25.530)
- Morning company class
- Small
- Employees
- 11 registered 10 July 2026
- Founded
- 1 January 1995 31 years in operation
- Share capital
- 0.10 MNOK
- Business address
- Norevegen 14, 5542 KARMSUND (KARMØY)
- Municipality
- Karmøy rank 2–7 of 13 in KOSTRA group 10
- 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
- 1 (one owner)
- Largest owner
- 100.0%
- Split
- companies 100% · private persons 0% · foreign 0%
- Owned from the same municipality
- 100%
- Group chain
-
Owned by: Spanne Holding AS (100%)
Ultimate owner: Spanne Holding AS
- Spanne Holding AS · 100.0%
Change 2007–2025:
100% of the shares changed owner (1 new and 2 departed owners). The majority owner changed.
New owners (companies): Spanne Holding AS
Departed (companies): G. Ytreland Invest AS, L. I. Ytreland Invest 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 | 53 | 50 | 58 | |
| Rank | 2,307 | 2,753 | 1,882 | |
| Operating margin | 11.2% | 11.0% | 13.5% | |
| Return on assets | 45.0% | 44.4% | 46.7% | |
| Equity ratio | 12.6% | 9.5% | 12.0% | |
| Current ratio | 0.90 | 0.92 | 0.96 | |
| Revenue growth | – | −9.1% | 1.7% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 11.1 MNOK | 10.1 MNOK | 10.2 MNOK |
| Operating profit | 1.2 MNOK | 1.1 MNOK | 1.4 MNOK |
| Profit before tax | 1.3 MNOK | 1.1 MNOK | 1.4 MNOK |
| Tax expense | 0.3 MNOK | 0.3 MNOK | 0.3 MNOK |
| Net profit | 1.0 MNOK | 0.9 MNOK | 1.1 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK | – |
| Total assets | 2.8 MNOK | 2.6 MNOK | 3.1 MNOK |
| Current assets | 2.2 MNOK | 2.1 MNOK | 2.6 MNOK |
| Equity | 0.4 MNOK | 0.2 MNOK | 0.4 MNOK |
| Retained earnings | 0.3 MNOK | 0.1 MNOK | 0.3 MNOK |
| Total liabilities | 2.4 MNOK | 2.3 MNOK | 2.7 MNOK |
| Current liabilities | 2.4 MNOK | 2.3 MNOK | 2.7 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 5 November 2026, accounts id 6356777.
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