TIKO AS
Score · fiscal year 2024
69of 100
How to read this: the company is ahead of 85 % of companies in the Morning class Small in the same sector in 2024. What does this mean?
Rank in the Morning class Small: 828 of 5,354 · What are Morning company classes?
Place in the whole sector: 3,120 of 19,473 · Bygg og anlegg
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 76 and solidity 80 out of 100 among companies in the Morning class Small in the same sector in 2024. Methodology
Against the sector
TIKO AS is 18 points above the median for companies in the Morning class Small in the same sector in 2024.
Median score 51 among 5,354 companies.
Against companies in the Morning class Small in the same sector in 2024: operating margin 12.2% (median 4.7%) and equity ratio 55.8% (median 34.8%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 15 MNOK | 19 MNOK |
| Operating margin | 12.2% | 4.7% |
| Profit margin | 12.6% | 4.4% |
| Return on assets | 17.7% | 11.0% |
| Equity ratio | 55.8% | 34.8% |
| Debt-to-equity | 0.79 | 1.72 |
| Current ratio | 2.10 | 1.49 |
| Revenue growth | −6.3% | 4.1% |
| Revenue per employee | 1.55 MNOK | 1.67 MNOK |
The median and “ahead of” refer to companies in the Morning class Small in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
With an index of 69, TIKO AS does better than 85% of companies in the Morning class Small in the same sector (5,354 companies) in 2024.
Score 2023–2025
- TIKO AS
- Median: companies in the Morning class Small in the same sector
What the numbers say
TIKO AS had an operating margin of 12.2% and an equity ratio of 55.8% in 2024, and ranks 3,120 of 19,473 in Bygg og anlegg.
From 2023 to 2024: the operating margin rose from 8.3% to 12.2%.
This text is generated automatically from the 2024 accounts.
Three simple methods
The methods give between 6 MNOK and 20 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 15 MNOK |
| EV/EBIT | 8.0 | 20 MNOK |
| P/B | 1.0 | 6 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
- positive
Upper quartile on profitability, solidity and liquidity. What sets this company apart from the rest of the sector?
Based on: Operating margin 12.2% (median 4.7%); Equity ratio 55.8% (median 34.8%); Current ratio 2.10 (median 1.49).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 0.1% of the debt in 2024. The policy rate averaged 4.50 % 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 2021, the sector's weakest year, for this company.
The sector's weakest year was 2021, 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 | 76 | weight 30% |
|---|---|---|
| Solidity | 80 | weight 25% |
| Liquidity | 77 | weight 15% |
| Growth | 31 | weight 15% |
| Consistency | 69 | weight 15% |
Durability: 71 (average over 2 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is TIKO AS?
The operating margin was 12.2% in 2024, against a median of 4.7% among companies in the Morning class Small in the same sector. Return on assets was 17.7%.
How solid is TIKO AS?
The equity ratio was 55.8% in 2024 (median 34.8%). Debt-to-equity was 0.79 (median 1.72).
What is the liquidity of TIKO AS like?
The current ratio was 2.10 in 2024 (median 1.49).
How does TIKO AS compare in Bygg og anlegg?
TIKO AS ranks 3,120 of 19,473 in Bygg og anlegg for 2024. Among companies in the Morning class Small it is number 828 of 5,354. Revenue changed by −6.3% from the year before.
Public contracts
- Contracts awarded since 2024
- 1
- Total awarded value since 2024
- value not stated
- Framework agreements
- 1
- Left out of the total: the value is a ceiling, not actual spend.
| Date | Buyer | Notice | Value |
|---|---|---|---|
| 24 September 2024 | TYSNES KOMMUNE (959412340) | Elektroinstallasjon og materiell | 2.2 MNOK (framework) |
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 27 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.
- 976527461
- Legal form
- AS
- Sector
- Bygg og anlegg (43.210)
- Morning company class
- Small
- Employees
- 10 registered 10 October 2025
- Founded
- 1 January 1996 30 years in operation
- Share capital
- 0.10 MNOK
- Business address
- Hegglandsvegen 21, 5680 TYSNES
- Municipality
- Tysnes rank 5–14 of 33 in KOSTRA group 5
- Latest accounts filed
- 2025
- Website
- www.tiko.no
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
- Ronny Hagen
- Chair of the board
- Ronny Hagen
- Board member
- Kjartan Hagen
- Board member
- John Hagen
- Auditor
- BDO AS
- Accountant
- TYSNES RÅD & REGNSKAP 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?
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 | 72 | 69 | 62 | |
| Rank | 3,140 | 3,120 | 5,464 | |
| Operating margin | 8.3% | 12.2% | 5.6% | |
| Return on assets | 13.5% | 17.7% | 8.8% | |
| Equity ratio | 53.1% | 55.8% | 52.6% | |
| Current ratio | 1.96 | 2.10 | 1.79 | |
| Revenue growth | – | −6.3% | 12.1% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 16.5 MNOK | 15.5 MNOK | 17.4 MNOK |
| Operating profit | 1.4 MNOK | 1.9 MNOK | 1.0 MNOK |
| Profit before tax | 1.4 MNOK | 2.0 MNOK | 1.0 MNOK |
| Net profit | 1.1 MNOK | 1.5 MNOK | 0.8 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Total assets | 10.6 MNOK | 11.0 MNOK | 11.3 MNOK |
| Current assets | 9.7 MNOK | 10.2 MNOK | 9.6 MNOK |
| Equity | 5.6 MNOK | 6.2 MNOK | 6.0 MNOK |
| Retained earnings | 5.5 MNOK | 6.1 MNOK | 5.9 MNOK |
| Total liabilities | 5.0 MNOK | 4.9 MNOK | 5.4 MNOK |
| Current liabilities | 5.0 MNOK | 4.9 MNOK | 5.4 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 28 October 2026, accounts id 5845245.
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