SOLGAARD MAT AS
Score · fiscal year 2023
78of 100
How to read this: the company is ahead of 92 % of small companies in the same sector in 2023. What does this mean?
Rank: 2,828 of 34,736 · Handel
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2023, not a verdict on the company. Based on profitability 62 and solidity 84 out of 100 among small companies in the same sector in 2023. Methodology
Against the sector
SOLGAARD MAT AS is 28 points above the median for small companies in the same sector in 2023.
Median score 50 among 32,558 companies.
Against small companies in the same sector in 2023: operating margin 2.9% (median 2.5%) and equity ratio 88.0% (median 39.1%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 25 MNOK | 4 MNOK |
| Operating margin | 2.9% | 2.5% |
| Profit margin | 10.4% | 2.2% |
| Return on assets | 13.6% | 4.0% |
| Equity ratio | 88.0% | 39.1% |
| Debt-to-equity | 0.14 | 1.00 |
| Current ratio | 6.26 | 1.70 |
| Revenue growth | – | 0.0% |
The median and “ahead of” refer to small companies in the same sector in 2023. The bar shows the share of companies the figure is ahead of.
With an index of 78, SOLGAARD MAT AS does better than 92% of small companies in the same sector (32,642 companies) in 2023.
Score 2023–2025
- SOLGAARD MAT AS
- Median: small companies in the same sector
What the numbers say
SOLGAARD MAT AS had an operating margin of 2.9% and an equity ratio of 88.0% in 2023, and ranks 2,828 of 34,736 in Handel.
This text is generated automatically from the 2023 accounts.
Three simple methods
The methods give between 8 MNOK and 24 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 24 MNOK |
| EV/EBIT | 8.0 | 8 MNOK |
| P/B | 1.0 | 17 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
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 0.0% 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
No anomalies found in the figures.
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 | 62 | weight 30% |
|---|---|---|
| Solidity | 84 | weight 25% |
| Liquidity | 86 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 95 | weight 15% |
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is SOLGAARD MAT AS?
The operating margin was 2.9% in 2023, against a median of 2.5% among small companies in the same sector. Return on assets was 13.6%.
How solid is SOLGAARD MAT AS?
The equity ratio was 88.0% in 2023 (median 39.1%). Debt-to-equity was 0.14 (median 1.00).
What is the liquidity of SOLGAARD MAT AS like?
The current ratio was 6.26 in 2023 (median 1.70).
How does SOLGAARD MAT AS compare in Handel?
SOLGAARD MAT AS ranks 2,828 of 34,736 in Handel for 2023. Among companies of the same size (small companies) it ranks 2,631 of 32,642.
From the Central Coordinating Register
- Org. no.
- 985818886
- Legal form
- AS
- Sector
- Handel (47.110)
- Size tier
- small
- Employees
- 0–4 (not registered)
- Founded
- 18 June 2003 23 years in operation
- Share capital
- 0.30 MNOK
- Business address
- Heibergs gate 17, 1630 GAMLE FREDRIKSTAD
- Municipality
- Fredrikstad rank 11 of 11 in KOSTRA group 12
- Audit
- Audit opted out from 21 July 2026
- Latest accounts filed
- 2025
- LEI
- 549300UTGW5LYLG4FR26 renews 29 June 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
- Chief executive
- Henning Illenberger Solgaard
- Chair of the board
- Henning Illenberger Solgaard
- Deputy member
- Bodil Solgaard
- Accountant
- SPAREBANK 1 ØSTFOLD AKERSHUS REGNSKAPSHUSET AS
Source: Central Coordinating Register, fetched 29 October 2026. Only names are shown.
- Parent company
- No parent company: owned by persons
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 30 October 2026. The parent is the one the company itself reported to GLEIF.
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 29 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 78 | 75 | 61 | |
| Rank | 2,828 | 2,586 | 10,568 | |
| Operating margin | 2.9% | 10.8% | −165.8% | |
| Return on assets | 13.6% | 18.3% | 20.7% | |
| Equity ratio | 88.0% | 99.0% | 99.5% | |
| Current ratio | 6.26 | 199.26 | 320.96 | |
| Revenue growth | – | −56.7% | −98.0% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 25.1 MNOK | 10.9 MNOK | 0.2 MNOK |
| Operating profit | 0.7 MNOK | 1.2 MNOK | −0.4 MNOK |
| Profit before tax | 2.6 MNOK | 3.4 MNOK | 2.5 MNOK |
| Net profit | 2.4 MNOK | 3.1 MNOK | 2.5 MNOK |
| Financial expenses | 0.0 MNOK | 0.2 MNOK | 1.9 MNOK |
| Total assets | 19.1 MNOK | 19.4 MNOK | 21.0 MNOK |
| Current assets | 14.3 MNOK | 15.9 MNOK | 17.5 MNOK |
| Equity | 16.9 MNOK | 19.2 MNOK | 20.9 MNOK |
| Retained earnings | 16.6 MNOK | 18.9 MNOK | 20.6 MNOK |
| Total liabilities | 2.3 MNOK | 0.2 MNOK | 0.1 MNOK |
| Current liabilities | 2.3 MNOK | 0.1 MNOK | 0.1 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 29 October 2026, accounts id 4928209.
Further
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