MAGEL AS
Score · fiscal year 2023
50of 100
How to read this: the company is ahead of 52 % of medium-sized companies in the same sector in 2023. What does this mean?
Rank: 17,030 of 34,736 · Handel
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2023, not a verdict on the company. Based on profitability 23 and solidity 85 out of 100 among medium-sized companies in the same sector in 2023. Methodology
Against the sector
MAGEL AS is 1 points above the median for medium-sized companies in the same sector in 2023.
Median score 49 among 1,875 companies.
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating margin | – | 3.2% |
| Profit margin | – | 3.1% |
| Return on assets | 4.0% | 11.4% |
| Equity ratio | 66.2% | 32.2% |
| Debt-to-equity | 0.51 | 2.06 |
| Current ratio | 0.67 | 1.39 |
| Revenue growth | – | 4.2% |
The median and “ahead of” refer to medium-sized companies in the same sector in 2023. The bar shows the share of companies the figure is ahead of.
With an index of 50, MAGEL AS does better than 52% of medium-sized companies in the same sector (1,875 companies) in 2023.
Score 2023–2025
- MAGEL AS
- Median: medium-sized companies in the same sector
What the numbers say
MAGEL AS had an operating margin of – and an equity ratio of 66.2% in 2023, and ranks 17,030 of 34,736 in Handel.
This text is generated automatically from the 2023 accounts.
Three simple methods
The methods give between 33 MNOK and 67 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 33 MNOK |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 67 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
- watch
Consider strengthening liquidity: current liabilities are 1.5 times current assets.
Based on: Current ratio 0.67 (median 1.39).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 2.4% of the debt in 2023. The policy rate averaged 3.54 % the same year. This is a plain description of what the debt cost, not a model of interest sensitivity.
Data quality
- watch Revenue not reported
- watch No revenue but large assets
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
What the score is made of
| Profitability | 23 | weight 30% |
|---|---|---|
| Solidity | 85 | weight 25% |
| Liquidity | 5 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 93 | weight 15% |
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is MAGEL AS?
The operating margin was – in 2023, against a median of 3.2% among medium-sized companies in the same sector. Return on assets was 4.0%.
How solid is MAGEL AS?
The equity ratio was 66.2% in 2023 (median 32.2%). Debt-to-equity was 0.51 (median 2.06).
What is the liquidity of MAGEL AS like?
The current ratio was 0.67 in 2023 (median 1.39). Current assets did not cover current liabilities.
How does MAGEL AS compare in Handel?
MAGEL AS ranks 17,030 of 34,736 in Handel for 2023. Among companies of the same size (medium-sized companies) it ranks 900 of 1,875.
Group accounts · 2025
21 of 100
Rank 1271 of 1354 groups with group accounts. Groups are ranked only against each other, not against single companies.
- Operating revenue, group
- 4,005 MNOK
- Operating profit, group
- 46 MNOK
- Profit before tax, group
- −58 MNOK
- Total assets, group
- 825 MNOK
- Equity, group
- 74 MNOK
| Key figure | The group | The company alone (2023) |
|---|---|---|
| Operating margin | 1.1% | – |
| Return on assets | 9.5% | – |
| Equity ratio | 9.0% | – |
| Current ratio | 0.74 | – |
| Revenue growth | −24.5% | – |
Group index in earlier years: 2023: 26 (1522 of 1757), 2024: 32 (1148 of 1400).
Same formulas and weights as the company index. Group and company are never added together, and the group accounts are not part of sector averages or company rankings.
Source: Brønnøysund Register Centre, group accounts 2025 (open data, NLOD 2.0).
We do not show the group structure, because open data does not say who owns whom.
From the Central Coordinating Register
- Org. no.
- 982567882
- Legal form
- AS
- Sector
- Handel (46.322)
- Size tier
- medium
- Employees
- 0–4 (not registered)
- Founded
- 16 June 2000 26 years in operation
- Share capital
- 0.12 MNOK
- Business address
- c/o Sekkingstad AS, Skaganeset, 5382 SKOGSVÅG (ØYGARDEN)
- Municipality
- Øygarden rank 1–6 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
- Chief executive
- Bård Sekkingstad
- Chair of the board
- Bård Sekkingstad
- Auditor
- KPMG 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 | 50 | 50 | 36 | |
| Rank | 17,030 | 18,584 | 28,532 | |
| Operating margin | – | −128.6% | – | |
| Return on assets | 4.0% | 9.8% | −0.1% | |
| Equity ratio | 66.2% | 74.3% | 72.0% | |
| Current ratio | 0.67 | 0.38 | 0.82 | |
| Revenue growth | – | – | −100.0% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | – | 0.0 MNOK | 0.0 MNOK |
| Operating profit | −0.2 MNOK | 0.0 MNOK | −0.2 MNOK |
| Profit before tax | 3.3 MNOK | 8.7 MNOK | −1.9 MNOK |
| Net profit | 3.3 MNOK | 8.7 MNOK | −1.9 MNOK |
| Financial expenses | 0.8 MNOK | 1.3 MNOK | 1.8 MNOK |
| Total assets | 101.8 MNOK | 101.9 MNOK | 102.5 MNOK |
| Current assets | 1.9 MNOK | 1.4 MNOK | 2.1 MNOK |
| Equity | 67.4 MNOK | 75.7 MNOK | 73.8 MNOK |
| Retained earnings | 67.3 MNOK | 75.6 MNOK | 73.7 MNOK |
| Total liabilities | 34.4 MNOK | 26.2 MNOK | 28.7 MNOK |
| Current liabilities | 2.9 MNOK | 3.6 MNOK | 2.5 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 28 October 2026, accounts id 5372777.
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