H Sæther VVS AS
Score · fiscal year 2025
88of 100
How to read this: the company is ahead of 99 % of companies in the Morning class Medium in the same sector in 2025. What does this mean?
Rank in the Morning class Medium: 10 of 1,763 · What are Morning company classes?
Place in the whole sector: 94 of 20,338 · Bygg og anlegg
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 93 and solidity 97 out of 100 among companies in the Morning class Medium in the same sector in 2025. Methodology
Against the sector
H Sæther VVS AS is 38 points above the median for companies in the Morning class Medium in the same sector in 2025.
Median score 50 among 1,762 companies.
Against companies in the Morning class Medium in the same sector in 2025: operating margin 17.8% (median 4.5%) and equity ratio 66.8% (median 30.5%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 53 MNOK | 91 MNOK |
| Operating margin | 17.8% | 4.5% |
| Profit margin | 17.9% | 4.5% |
| Return on assets | 32.3% | 11.4% |
| Equity ratio | 66.8% | 30.5% |
| Debt-to-equity | 0.50 | 2.23 |
| Current ratio | 2.58 | 1.38 |
| Revenue growth | 18.7% | 6.8% |
| Revenue per employee | 3.13 MNOK | 2.53 MNOK |
The median and “ahead of” refer to companies in the Morning class Medium in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 88, H Sæther VVS AS does better than 99% of companies in the Morning class Medium in the same sector (1,763 companies) in 2025.
Score 2023–2025
- H Sæther VVS AS
- Median: companies in the Morning class Medium in the same sector
H Sæther VVS AS has a score of 88 for 2025, rank 94 of 20,338 in the sector.
Strongest: Solidity: percentile 97 against peers, equity ratio 66.8% against a median of 30.5%. Liquidity: percentile 94 against peers, current ratio 2.58 against a median of 1.38.
No area is clearly below its peers.
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
H Sæther VVS AS had an operating margin of 17.8% and an equity ratio of 66.8% in 2025, and ranks 94 of 20,338 in Bygg og anlegg.
From 2024 to 2025: the equity ratio rose from 53.3% to 66.8% and revenue grew by 19%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 20 MNOK and 89 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 74 MNOK |
| EV/EBIT | 8.0 | 89 MNOK |
| P/B | 1.0 | 20 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
- positive
Upper quartile on profitability, solidity and liquidity. What sets this company apart from the rest of the sector?
Based on: Operating margin 17.8% (median 4.5%); Equity ratio 66.8% (median 30.5%); Current ratio 2.58 (median 1.38).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 0.9% 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 2021, the sector's weakest year, for this company.
The sector's weakest year was 2021, with a median operating margin of 1.8%. 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 | 93 | weight 30% |
|---|---|---|
| Solidity | 97 | weight 25% |
| Liquidity | 94 | weight 15% |
| Growth | 68 | weight 15% |
| Consistency | 75 | weight 15% |
Durability: 82 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is H Sæther VVS AS?
The operating margin was 17.8% in 2025, against a median of 4.5% among companies in the Morning class Medium in the same sector. Return on assets was 32.3%.
How solid is H Sæther VVS AS?
The equity ratio was 66.8% in 2025 (median 30.5%). Debt-to-equity was 0.50 (median 2.23).
What is the liquidity of H Sæther VVS AS like?
The current ratio was 2.58 in 2025 (median 1.38).
How does H Sæther VVS AS compare in Bygg og anlegg?
H Sæther VVS AS ranks 94 of 20,338 in Bygg og anlegg for 2025. Among companies in the Morning class Medium it is number 10 of 1,763. Revenue changed by 18.7% from the year before.
Public contracts
- Contracts awarded since 2024
- 0
- Total awarded value since 2024
- value not stated
| Date | Buyer | Notice | Value |
|---|---|---|---|
| 21 August 2023 | Hitra Kommune | Rammeavtale rørleggertjenester | 4.0 MNOK (framework) |
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.
- 988393975
- Legal form
- AS
- Sector
- Bygg og anlegg (43.221)
- Morning company class
- Medium
- Employees
- 17 registered 10 October 2026
- Founded
- 17 June 2005 21 years in operation
- Share capital
- 0.10 MNOK
- Business address
- Stakkvikveien, 7252 DOLMØY (HITRA)
- Municipality
- Hitra rank 2–9 of 9 in KOSTRA group 3
- Latest accounts filed
- 2025
- Website
- h-sether.no
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
- Harald Sæther
- Chair of the board
- Harald Sæther
- Board member
- Stian Sæther
- Board member
- Arne Sæther
- Auditor
- BDO AS
- Accountant
- TRØNDELAG ØKONOMI & HR 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 29 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 86 | 71 | 88 | |
| Rank | 835 | 2,600 | 94 | |
| Operating margin | 18.7% | 14.3% | 17.8% | |
| Return on assets | 31.1% | 28.2% | 32.3% | |
| Equity ratio | 59.3% | 53.3% | 66.8% | |
| Current ratio | 1.89 | 1.53 | 2.58 | |
| Revenue growth | – | 12.8% | 18.7% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 39.7 MNOK | 44.8 MNOK | 53.2 MNOK |
| Operating profit | 7.4 MNOK | 6.4 MNOK | 9.4 MNOK |
| Profit before tax | 7.4 MNOK | 6.5 MNOK | 9.5 MNOK |
| Net profit | 5.8 MNOK | 5.0 MNOK | 7.4 MNOK |
| Financial expenses | 0.1 MNOK | 0.1 MNOK | 0.1 MNOK |
| Total assets | 24.3 MNOK | 23.3 MNOK | 29.7 MNOK |
| Current assets | 15.1 MNOK | 13.9 MNOK | 20.6 MNOK |
| Equity | 14.4 MNOK | 12.4 MNOK | 19.8 MNOK |
| Retained earnings | 14.2 MNOK | 12.3 MNOK | 19.7 MNOK |
| Total liabilities | 9.9 MNOK | 10.9 MNOK | 9.9 MNOK |
| Current liabilities | 8.0 MNOK | 9.1 MNOK | 8.0 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 29 October 2026, accounts id 6465443.
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