Fysiopartner AS
Score · fiscal year 2025
53of 100
How to read this: the company is ahead of 54 % of companies in the Morning class Small in the same sector in 2025. What does this mean?
Rank in the Morning class Small: 3,396 of 7,416 · What are Morning company classes?
Place in the whole sector: 10,344 of 22,940 · Handel
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 60 and solidity 65 out of 100 among companies in the Morning class Small in the same sector in 2025. Methodology
Against the sector
Fysiopartner AS is 2 points above the median for companies in the Morning class Small in the same sector in 2025.
Median score 51 among 7,416 companies.
Against companies in the Morning class Small in the same sector in 2025: operating margin 5.4% (median 3.4%) and equity ratio 50.9% (median 36.3%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 33 MNOK | 20 MNOK |
| Operating margin | 5.4% | 3.4% |
| Profit margin | 5.4% | 3.0% |
| Return on assets | 12.0% | 10.0% |
| Equity ratio | 50.9% | 36.3% |
| Debt-to-equity | 0.96 | 1.51 |
| Current ratio | 1.71 | 1.73 |
| Revenue growth | −8.9% | 5.7% |
| Revenue per employee | 4.71 MNOK | 2.08 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 53, Fysiopartner AS does better than 54% of companies in the Morning class Small in the same sector (7,416 companies) in 2025.
Score 2023–2025
- Fysiopartner AS
- Median: companies in the Morning class Small in the same sector
Fysiopartner AS has a score of 53 for 2025, rank 10,344 of 22,940 in the sector.
Strongest: Solidity: percentile 65 against peers, equity ratio 50.9% against a median of 36.3%. Profitability: percentile 60 against peers, operating margin 5.4% against a median of 3.4%.
Weakest: Growth: percentile 15 against peers, revenue growth −8.9% against a median of 5.7%.
Worth a closer look
- What lies behind weak growth, 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
Fysiopartner AS had an operating margin of 5.4% and an equity ratio of 50.9% in 2025, and ranks 10,344 of 22,940 in Handel.
From 2024 to 2025: the equity ratio rose from 37.1% to 50.9% and the operating margin rose from 1.3% to 5.4%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 8 MNOK and 10 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 21.2 | 9 MNOK |
| EV/EBIT | 16.6 | 10 MNOK |
| P/B | 2.2 | 8 MNOK |
The listed basis is the value at listed multiples. The estimate is lowered by 51% for an unlisted company: 20% for lack of marketability and 38% for size (a small-company premium of 4% on the cost of equity).
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
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.
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 | 60 | weight 30% |
|---|---|---|
| Solidity | 65 | weight 25% |
| Liquidity | 49 | weight 15% |
| Growth | 15 | weight 15% |
| Consistency | 59 | weight 15% |
Durability: 44 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Fysiopartner AS?
The operating margin was 5.4% in 2025, against a median of 3.4% among companies in the Morning class Small in the same sector. Return on assets was 12.0%.
How solid is Fysiopartner AS?
The equity ratio was 50.9% in 2025 (median 36.3%). Debt-to-equity was 0.96 (median 1.51).
What is the liquidity of Fysiopartner AS like?
The current ratio was 1.71 in 2025 (median 1.73).
How does Fysiopartner AS compare in Handel?
Fysiopartner AS ranks 10,344 of 22,940 in Handel for 2025. Among companies in the Morning class Small it is number 3,396 of 7,416. Revenue changed by −8.9% from the year before.
Public contracts
- Contracts awarded since 2024
- 3
- Total awarded value since 2024
- value not stated
- 1 contracts without a stated value are not in the total.
- Framework agreements
- 2
- Left out of the total: the value is a ceiling, not actual spend.
| Date | Buyer | Notice | Value |
|---|---|---|---|
| 9 April 2025 | Sykehusbygg HF | K9700 Fysio- og ergoterapi treningsutstyr - KUNNGJØRING KONTRAKTSINNGÅELSE | value not stated |
| 17 October 2024 | SYKEHUSINNKJØP HF | Treningsutstyr til fysio- og ergoterapi til Helse Midt-Norge | value not stated |
| 13 September 2024 | ARBEIDS- OG VELFERDSETATEN | 23-24894 Ståstativ og trenings- og aktiviseringshjelpemidler | value not stated |
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.
- 976761960
- Legal form
- AS
- Sector
- Handel (46.490)
- Morning company class
- Small
- Employees
- 7 registered 10 June 2024
- Founded
- 24 September 1996 30 years in operation
- Share capital
- 6.77 MNOK
- Business address
- Ryensvingen 15, 0680 OSLO
- Municipality
- Oslo rank 63–220 of 357 in Norway
- Latest accounts filed
- 2025
- Website
- www.fysiopartner.no
- LEI
- 5493004I7MRRGH6MY536 renews 23 November 2026
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 29 October 2026. Only names are shown.
- Parent company
- Medema Physio Aktiebolag (Sweden)
- Ultimate parent
- Lojer Oy (Finland)
Foreign-owned according to GLEIF.
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 29 October 2026. The parent is the one the company itself reported to GLEIF.
Shareholders (2025)
- Number of shareholders
- 1 (one owner)
- Largest owner
- 100.0%
- Split
- companies 100% · private persons 0% · foreign 100%
- Group chain
- Ultimate owner: Medema Physio AB
- Medema Physio AB (Sweden) · 100.0%
Change 2007–2025:
100% of the shares changed owner (1 new and 12 departed owners). The majority owner changed. Foreign owners now hold more than half.
New owners (companies): Medema Physio AB
Departed (companies): Advokat Christian Stang Våland AS, Fysiopartner AS, Heikampen AS, ITHACA HOLDING B.V, Ra2 Consulting 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.
Figures last fetched 28 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 39 | 42 | 53 | |
| Rank | 14,075 | 14,393 | 10,344 | |
| Operating margin | 3.9% | 1.3% | 5.4% | |
| Return on assets | 7.6% | 2.8% | 12.0% | |
| Equity ratio | 33.7% | 37.1% | 50.9% | |
| Current ratio | 1.36 | 1.37 | 1.71 | |
| Revenue growth | – | 3.9% | −8.9% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 34.9 MNOK | 36.2 MNOK | 33.0 MNOK |
| Operating profit | 1.4 MNOK | 0.5 MNOK | 1.8 MNOK |
| Profit before tax | 1.2 MNOK | 0.4 MNOK | 1.8 MNOK |
| Tax expense | 0.3 MNOK | 0.1 MNOK | 0.4 MNOK |
| Net profit | 1.0 MNOK | 0.3 MNOK | 1.4 MNOK |
| Financial expenses | 0.2 MNOK | 0.1 MNOK | 0.1 MNOK |
| Total assets | 18.2 MNOK | 17.2 MNOK | 15.3 MNOK |
| Current assets | 14.9 MNOK | 14.0 MNOK | 12.0 MNOK |
| Equity | 6.1 MNOK | 6.4 MNOK | 7.8 MNOK |
| Retained earnings | −1.6 MNOK | −1.3 MNOK | 0.0 MNOK |
| Total liabilities | 12.1 MNOK | 10.8 MNOK | 7.5 MNOK |
| Current liabilities | 10.9 MNOK | 10.2 MNOK | 7.0 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 28 October 2026, accounts id 6337625.
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