HD Construction Equipment Norway AS
Score · fiscal year 2025
37of 100
How to read this: the company is ahead of 20 % of companies in the Morning class Large in the same sector in 2025. What does this mean?
Rank in the Morning class Large: 250 of 313 · What are Morning company classes?
Place in the whole sector: 2,056 of 2,720 · Industri
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 22 and solidity 48 out of 100 among companies in the Morning class Large in the same sector in 2025. Methodology
Against the sector
HD Construction Equipment Norway AS is 12 points below the median for companies in the Morning class Large in the same sector in 2025.
Median score 49 among 313 companies.
Against companies in the Morning class Large in the same sector in 2025: operating margin 0.0% (median 6.2%) and equity ratio 32.4% (median 33.2%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 907 MNOK | 1,143 MNOK |
| Operating margin | 0.0% | 6.2% |
| Profit margin | −1.2% | 6.5% |
| Return on assets | 6.3% | 11.4% |
| Equity ratio | 32.4% | 33.2% |
| Debt-to-equity | 2.09 | 1.99 |
| Current ratio | 1.08 | 1.31 |
| Revenue growth | 4.5% | 7.2% |
| Revenue per employee | 6.17 MNOK | 6.01 MNOK |
The median and “ahead of” refer to companies in the Morning class Large in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 37, HD Construction Equipment Norway AS does better than 20% of companies in the Morning class Large in the same sector (313 companies) in 2025.
Score 2023–2025
- HD Construction Equipment Norway AS
- Median: companies in the Morning class Large in the same sector
HD Construction Equipment Norway AS has a score of 37 for 2025, rank 2,056 of 2,720 in the sector.
Strongest: Consistency: percentile 51 against peers.
Weakest: Profitability: percentile 22 against peers, operating margin 0.0% against a median of 6.2%. Liquidity: percentile 32 against peers, current ratio 1.08 against a median of 1.31.
Worth a closer look
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin −1.2% (median 6.5%).
- The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors? Based on: operating margin 0.0% (median 6.2%).
- What lies behind weak profitability, and will it last?
- What lies behind weak liquidity, 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
HD Construction Equipment Norway AS had an operating margin of 0.0% and an equity ratio of 32.4% in 2025, and ranks 2,056 of 2,720 in Industri.
From 2024 to 2025: the equity ratio rose from 13.2% to 32.4%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 19 MNOK and 183 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | 19 MNOK |
| P/B | 1.0 | 183 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
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −1.2% (median 6.5%).
- watch
The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors?
Based on: Operating margin 0.0% (median 6.2%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 12.1% 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 0.0%. 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 | 22 | weight 30% |
|---|---|---|
| Solidity | 48 | weight 25% |
| Liquidity | 32 | weight 15% |
| Growth | 41 | weight 15% |
| Consistency | 51 | weight 15% |
Durability: 25 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is HD Construction Equipment Norway AS?
The operating margin was 0.0% in 2025, against a median of 6.2% among companies in the Morning class Large in the same sector. Return on assets was 6.3%. The company made a loss before tax.
How solid is HD Construction Equipment Norway AS?
The equity ratio was 32.4% in 2025 (median 33.2%). Debt-to-equity was 2.09 (median 1.99).
What is the liquidity of HD Construction Equipment Norway AS like?
The current ratio was 1.08 in 2025 (median 1.31).
How does HD Construction Equipment Norway AS compare in Industri?
HD Construction Equipment Norway AS ranks 2,056 of 2,720 in Industri for 2025. Among companies in the Morning class Large it is number 250 of 313. Revenue changed by 4.5% from the year before.
From the Central Coordinating Register
- Org. no.
- 985499209
- Legal form
- AS
- Sector
- Industri (28.920)
- Morning company class
- Large
- Employees
- 147 registered 10 October 2026
- Founded
- 5 March 2003 23 years in operation
- Share capital
- 146.01 MNOK
- Business address
- Varholvegen 149, 6440 ELNESVÅGEN (HUSTADVIKA)
- Municipality
- Hustadvika rank 13–22 of 38 in KOSTRA group 7
- Latest accounts filed
- 2025
- Website
- www.doosanequipment.eu
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 31 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 31 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 20 | 17 | 37 | |
| Rank | 2,357 | 2,575 | 2,056 | |
| Operating margin | 1.9% | 1.0% | 0.0% | |
| Return on assets | 11.3% | 9.7% | 6.3% | |
| Equity ratio | 15.7% | 13.2% | 32.4% | |
| Current ratio | 0.91 | 0.78 | 1.08 | |
| Revenue growth | – | −13.6% | 4.5% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 1,004.9 MNOK | 868.0 MNOK | 907.4 MNOK |
| Operating profit | 19.1 MNOK | 8.3 MNOK | 0.2 MNOK |
| Profit before tax | 6.4 MNOK | −16.8 MNOK | −11.0 MNOK |
| Net profit | 6.4 MNOK | −16.8 MNOK | −11.0 MNOK |
| Financial expenses | 48.8 MNOK | 61.0 MNOK | 46.3 MNOK |
| Total assets | 488.9 MNOK | 454.3 MNOK | 564.5 MNOK |
| Current assets | 351.5 MNOK | 308.4 MNOK | 412.2 MNOK |
| Equity | 77.0 MNOK | 60.2 MNOK | 182.9 MNOK |
| Retained earnings | −796.6 MNOK | −813.5 MNOK | 27.0 MNOK |
| Total liabilities | 411.9 MNOK | 394.1 MNOK | 381.6 MNOK |
| Current liabilities | 384.6 MNOK | 393.8 MNOK | 381.2 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 31 October 2026, accounts id 7097951.
Further
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