Light Structures 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 2024
51of 100
How to read this: the company is ahead of 49 % of companies in the Morning class Medium in the same sector in 2024. What does this mean?
Rank in the Morning class Medium: 669 of 1,302 · What are Morning company classes?
Place in the whole sector: 2,646 of 5,179 · Industri
Profile
Cheetah · Sprinter
High profitability, lower resilience
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 62 and resilience 4 out of 100 among companies in the Morning class Medium in the same sector in 2024. Methodology
Against the sector
Light Structures AS is at the median for companies in the Morning class Medium in the same sector in 2024.
Median score 51 among 1,302 companies.
Against companies in the Morning class Medium in the same sector in 2024: operating margin 6.6% (median 5.4%) and equity ratio −16.6% (median 38.3%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 73 MNOK | 118 MNOK |
| Operating margin | 6.6% | 5.4% |
| Profit margin | 3.2% | 5.4% |
| Return on assets | 17.5% | 11.7% |
| Equity ratio | −16.6% | 38.3% |
| Debt-to-equity | – | 1.58 |
| Current ratio | 0.81 | 1.54 |
| Revenue growth | 115.4% | 5.5% |
| Revenue per employee | 3.48 MNOK | 2.84 MNOK |
The median and “ahead of” refer to companies in the Morning class Medium in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
With an index of 51, Light Structures AS does better than 49% of companies in the Morning class Medium in the same sector (1,302 companies) in 2024.
Score 2023–2025
- Light Structures AS
- Median: companies in the Morning class Medium in the same sector
What the numbers say
Light Structures AS had an operating margin of 6.6% and an equity ratio of −16.6% in 2024, and ranks 2,646 of 5,179 in Industri.
From 2023 to 2024: the operating margin rose from −37.9% to 6.6% and revenue grew by 115%.
This text is generated automatically from the 2024 accounts.
Three simple methods
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 25.8 | not meaningful |
| EV/EBIT | 19.1 | not meaningful |
| P/B | 4.0 | not meaningful |
The multiples are from the listed industry that matches the NACE code (26): Machinery.
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
- critical
Equity is negative. How will it be rebuilt, and what do lenders and the auditor say about going concern?
Based on: Equity ratio −16.6% (median 38.3%).
- watch
Consider strengthening liquidity: current liabilities are 1.2 times current assets.
Based on: Current ratio 0.81 (median 1.54).
- watch
Strong growth with weak liquidity. Is the growth financed, or does it tie up capital the company does not have?
Based on: Revenue growth 115.4% (median 5.5%); Current ratio 0.81 (median 1.54).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 9.9% 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
- critical Negative equity
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 | 62 | weight 40% |
|---|---|---|
| Solidity | 0 | weight 20% |
| Liquidity | 7 | weight 5% |
| Growth | 98 | weight 25% |
| Consistency | 12 | weight 10% |
Three goals: profitability 40%, growth 25%, resilience 35%. Why these weights?
Durability: 27 (average over 2 years)
Index version 3. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Light Structures AS?
The operating margin was 6.6% in 2024, against a median of 5.4% among companies in the Morning class Medium in the same sector. Return on assets was 17.5%.
How solid is Light Structures AS?
The equity ratio was −16.6% in 2024 (median 38.3%). Equity is negative, so liabilities exceed assets.
What is the liquidity of Light Structures AS like?
The current ratio was 0.81 in 2024 (median 1.54). Current assets did not cover current liabilities.
How does Light Structures AS compare in Industri?
Light Structures AS ranks 2,646 of 5,179 in Industri for 2024. Among companies in the Morning class Medium it is number 669 of 1,302. Revenue changed by 115.4% from the year before.
Group accounts · 2025
3 of 100
Rank 85 of 85 groups in the Morning class Medium in Industri. Groups are ranked only against other groups in the same sector and class, never against single companies.
- Operating revenue, group
- 51 MNOK
- Operating profit, group
- −14 MNOK
- Profit before tax, group
- −18 MNOK
- Total assets, group
- 27 MNOK
- Equity, group
- −16 MNOK
| Key figure | The group | The company alone (2024) |
|---|---|---|
| Operating margin | −27.2% | – |
| Return on assets | −49.0% | – |
| Equity ratio | −59.9% | – |
| Current ratio | 0.56 | – |
| Revenue growth | −38.4% | – |
Group index in earlier years: 2023: 5 (206 of 211), 2024: 55 (35 of 87).
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).
The shareholder register shows no Norwegian majority owner and no subsidiaries for this company.
From the Central Coordinating Register
- Org. no.
- 984060084
- Legal form
- AS
- Sector
- Industri (26.510)
- Morning company class
- Medium
- Employees
- 21 registered 10 September 2026
- Founded
- 20 December 2001 24 years in operation
- Share capital
- 12.82 MNOK
- Business address
- Nils Hansens vei 8, 0667 OSLO
- Municipality
- Oslo rank 63–220 of 357 in Norway
- Latest accounts filed
- 2025
- Website
- www.lightstructures.no
- LEI
- 549300XT39IFP7TYQG55 renews 2 February 2027
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.
- Parent company
- Parent does not consolidate the company
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 30 October 2026. The parent is the one the company itself reported to GLEIF.
Shareholders (2025)
- Number of shareholders
- 36
- Largest owner
- 29.1% · top three 35.5%
- Split
- companies 8% · private persons 42% · foreign 30%
- Owners over 60
- 26% of the shares held by persons (median age 55)
- Fireco AS · 4.8%
- Hmh Invest AS · 3.3%
- Myrlid AS · 2.7%
- Ljm AS · 2.2%
- Petrock II AS · 1.1%
- Sansim AS · 0.7%
- Lucellum AS · 0.6%
- Tind AS · 0.5%
- Jama Holding AS · 0.3%
- Qbator AS · 0.2%
- 26 private persons · 41.7%
Change 2007–2025:
66% of the shares changed owner (29 new and 1 departed owners).
New owners (companies): Hmh Invest AS, Jama Holding AS, Ljm AS, Lucellum AS, Myrlid AS
Departed (companies): Kjeller Innovasjon AS
The owners' shares do not add up to the company's total number of shares in the source.
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 | 3 | 51 | 1 | |
| Rank | 5,007 | 2,646 | 5,263 | |
| Operating margin | −37.9% | 6.6% | −38.5% | |
| Return on assets | −31.8% | 17.5% | −65.0% | |
| Equity ratio | −5.1% | −16.6% | −96.8% | |
| Current ratio | 0.56 | 0.81 | 0.41 | |
| Revenue growth | – | 115.4% | −45.2% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 33.9 MNOK | 73.1 MNOK | 40.1 MNOK |
| Operating profit | −12.9 MNOK | 4.8 MNOK | −15.4 MNOK |
| Profit before tax | −14.9 MNOK | 2.3 MNOK | −20.1 MNOK |
| Tax expense | −12.2 MNOK | 12.2 MNOK | 0.0 MNOK |
| Net profit | −2.7 MNOK | −9.9 MNOK | −20.1 MNOK |
| Financial expenses | 2.4 MNOK | 4.5 MNOK | 4.9 MNOK |
| Total assets | 39.3 MNOK | 39.1 MNOK | 23.3 MNOK |
| Current assets | 20.9 MNOK | 31.6 MNOK | 14.8 MNOK |
| Equity | −2.0 MNOK | −6.5 MNOK | −22.5 MNOK |
| Retained earnings | −5.0 MNOK | −9.6 MNOK | −25.9 MNOK |
| Total liabilities | 41.3 MNOK | 45.5 MNOK | 45.8 MNOK |
| Current liabilities | 37.6 MNOK | 39.0 MNOK | 36.4 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 5 November 2026, accounts id 6280341.
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