The Tuv AS
Score · fiscal year 2023
Not enough data: Not enough data (below minimum revenue)
Based on the annual accounts for 2023
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 0 MNOK | 4 MNOK |
| Operating margin | 74.6% | 2.6% |
| Profit margin | 204.8% | 2.0% |
| Return on assets | 7.7% | 5.7% |
| Equity ratio | 95.2% | 35.5% |
| Debt-to-equity | 0.05 | 1.26 |
| Current ratio | 18.63 | 1.79 |
| Revenue growth | – | 6.5% |
The median and “ahead of” refer to companies in the same sector in 2023. The bar shows the share of companies the figure is ahead of.
Score over time
Score over time needs at least two fiscal years with a score. It will appear when next year's figures are fetched or history is imported.
What the numbers say
The Tuv AS had an equity ratio of 95.2% in 2023. The company is not ranked: not enough data (below minimum revenue).
This text is generated automatically from the 2023 accounts.
Three simple methods
The methods give between 3 MNOK and 17 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 21.2 | 8 MNOK |
| EV/EBIT | 16.6 | 3 MNOK |
| P/B | 2.2 | 17 MNOK |
The listed basis is the value at listed multiples. The estimate is lowered by 51% for an unlisted company: 20% for lack of marketability and 38% for size (a small-company premium of 4% on the cost of equity).
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
- positive
Upper quartile on profitability, solidity and liquidity. What sets this company apart from the rest of the sector?
Based on: Operating margin 74.6% (median 2.6%); Equity ratio 95.2% (median 35.5%); Current ratio 18.63 (median 1.79).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 58.6% 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.
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 1.5%. Based on the 11 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
Questions and answers
How profitable is The Tuv AS?
The operating margin was 74.6% in 2023, against a median of 2.6% among companies in the same sector. Return on assets was 7.7%.
How solid is The Tuv AS?
The equity ratio was 95.2% in 2023 (median 35.5%). Debt-to-equity was 0.05 (median 1.26).
What is the liquidity of The Tuv AS like?
The current ratio was 18.63 in 2023 (median 1.79).
Group accounts
The company is registered as part of a group, but we have no group accounts for it. Group accounts are filed by the parent company, and open data does not say which company that is.
Read the figures with care: a company in a group can look strong because of group contributions, or weak because dividends go up to the parent. The figures are indications, not the full picture.
We do not show the group structure, because open data does not say who owns whom.
From the Central Coordinating Register
- Org. no.
- 989036041
- Legal form
- AS · part of a group
- Sector
- Handel (46.640)
- Morning company class
- Micro
- Employees
- 0–4 (not registered)
- Founded
- 7 September 2005 21 years in operation
- Share capital
- 0.10 MNOK
- Business address
- Kleiva 12, 1476 RASTA (LØRENSKOG)
- Municipality
- Lørenskog rank 1–10 of 13 in KOSTRA group 10
- Latest accounts filed
- 2025
- LEI
- 5493002WQEC8WW7ZXX61 renews 30 May 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 29 October 2026. Only names are shown.
- Parent company
- No parent company: owned by persons
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 29 October 2026. The parent is the one the company itself reported to GLEIF.
Shareholders (2025)
- Number of shareholders
- 2
- Largest owner
- 50.0%
- Split
- companies 0% · private persons 100% · foreign 0%
- Owned from the same municipality
- 100%
Change 2007–2025: no material change in the owners.
Majority owner of: Solenergi Fusen AS (56%)
The portfolio: 5 of the companies it owns shares in have accounts with us, 1 of them as majority owner. The average index is 43. 1 have negative equity and 2 made a loss in the latest year.
Holds shares in: Scatec ASA (0%), Bright Products AS (1%), Solenergi Fusen AS (56%), Storebrand ASA (0%), DNB Bank ASA (0%), Gjensidige Forsikring ASA (0%), Mowi ASA (0%), Borregaard ASA (0%)
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.
Figures last fetched 29 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | – | – | – | |
| Rank | – | – | – | |
| Operating margin | 74.6% | – | – | |
| Return on assets | 7.7% | 17.9% | 57.0% | |
| Equity ratio | 95.2% | 89.2% | 99.7% | |
| Current ratio | 18.63 | 8.46 | 297.78 | |
| Revenue growth | – | – | – |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 0.4 MNOK | – | 0.0 MNOK |
| Operating profit | 0.3 MNOK | −0.1 MNOK | −0.1 MNOK |
| Profit before tax | 0.8 MNOK | 3.1 MNOK | 7.9 MNOK |
| Tax expense | 0.0 MNOK | 0.0 MNOK | – |
| Net profit | 0.8 MNOK | 3.1 MNOK | 7.9 MNOK |
| Financial expenses | 0.5 MNOK | 0.2 MNOK | 0.4 MNOK |
| Total assets | 16.3 MNOK | 18.6 MNOK | 14.5 MNOK |
| Current assets | 14.6 MNOK | 17.0 MNOK | 12.8 MNOK |
| Equity | 15.5 MNOK | 16.6 MNOK | 14.5 MNOK |
| Retained earnings | 15.4 MNOK | 16.5 MNOK | 14.4 MNOK |
| Total liabilities | 0.8 MNOK | 2.0 MNOK | 0.0 MNOK |
| Current liabilities | 0.8 MNOK | 2.0 MNOK | 0.0 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 29 October 2026, accounts id 5031917.