MAIHAUGEN INVEST AS
Score · fiscal year 2025
59of 100
How to read this: the company is ahead of 69 % of small companies in the same sector in 2025. What does this mean?
Rank: 12,170 of 38,671 · Handel
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 34 and solidity 92 out of 100 among small companies in the same sector in 2025. Methodology
Against the sector
MAIHAUGEN INVEST AS is 9 points above the median for small companies in the same sector in 2025.
Median score 50 among 36,111 companies.
Against small companies in the same sector in 2025: operating margin −26.8% (median 2.5%) and equity ratio 97.9% (median 38.3%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 1 MNOK | 3 MNOK |
| Operating margin | −26.8% | 2.5% |
| Profit margin | 301.9% | 2.2% |
| Return on assets | 6.8% | 4.0% |
| Equity ratio | 97.9% | 38.3% |
| Debt-to-equity | 0.02 | 0.99 |
| Current ratio | 6.05 | 1.70 |
| Revenue growth | −17.7% | 3.5% |
The median and “ahead of” refer to small companies in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 59, MAIHAUGEN INVEST AS does better than 69% of small companies in the same sector (36,580 companies) in 2025.
Score 2023–2025
- MAIHAUGEN INVEST AS
- Median: small companies in the same sector
MAIHAUGEN INVEST AS has a score of 59 for 2025, rank 12,170 of 38,671 in the sector.
Strongest: Solidity: percentile 92 against peers, equity ratio 97.9% against a median of 38.3%. Liquidity: percentile 85 against peers, current ratio 6.05 against a median of 1.70.
Weakest: Growth: percentile 19 against peers, revenue growth −17.7% against a median of 3.5%. Profitability: percentile 34 against peers, operating margin −26.8% against a median of 2.5%.
Worth a closer look
- The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors? Based on: operating margin −26.8% (median 2.5%).
- What lies behind weak growth, and will it last?
- What lies behind weak profitability, 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
MAIHAUGEN INVEST AS had an operating margin of −26.8% and an equity ratio of 97.9% in 2025, and ranks 12,170 of 38,671 in Handel.
From 2024 to 2025: the operating margin fell from −10.1% to −26.8% and revenue fell by 18%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 17 MNOK and 24 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 17 MNOK |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 24 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 operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors?
Based on: Operating margin −26.8% (median 2.5%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 4.8% 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.
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 | 34 | weight 30% |
|---|---|---|
| Solidity | 92 | weight 25% |
| Liquidity | 85 | weight 15% |
| Growth | 19 | weight 15% |
| Consistency | 68 | weight 15% |
Durability: 64 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is MAIHAUGEN INVEST AS?
The operating margin was −26.8% in 2025, against a median of 2.5% among small companies in the same sector. Return on assets was 6.8%.
How solid is MAIHAUGEN INVEST AS?
The equity ratio was 97.9% in 2025 (median 38.3%). Debt-to-equity was 0.02 (median 0.99).
What is the liquidity of MAIHAUGEN INVEST AS like?
The current ratio was 6.05 in 2025 (median 1.70).
How does MAIHAUGEN INVEST AS compare in Handel?
MAIHAUGEN INVEST AS ranks 12,170 of 38,671 in Handel for 2025. Among companies of the same size (small companies) it ranks 11,414 of 36,580. Revenue changed by −17.7% from the year before.
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.
- 989084046
- Legal form
- AS · part of a group
- Sector
- Handel (46.830)
- Size tier
- small
- Employees
- 0–4 (not registered)
- Founded
- 25 November 2005 20 years in operation
- Share capital
- 0.20 MNOK
- Business address
- Mosevegen 1, 8683 TROFORS (GRANE)
- Municipality
- Grane rank 11–24 of 25 in KOSTRA group 14
- Latest accounts filed
- 2025
- Website
- www.norgesvinduet.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
- Stian Arntsberg
- Chair of the board
- Stian Arntsberg
- Board member
- Åse Lill Arntsberg
- Auditor
- ES REVISJON AS
- Accountant
- SPAREBANK 1 REGNSKAPSHUSET NORD-NORGE AS
Source: Central Coordinating Register, fetched 25 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 | 65 | 69 | 59 | |
| Rank | 8,594 | 5,486 | 12,170 | |
| Operating margin | −24.3% | −10.1% | −26.8% | |
| Return on assets | 10.1% | 7.4% | 6.8% | |
| Equity ratio | 95.6% | 97.6% | 97.9% | |
| Current ratio | 1.54 | 2.57 | 6.05 | |
| Revenue growth | – | 47.2% | −17.7% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 0.5 MNOK | 0.7 MNOK | 0.5 MNOK |
| Operating profit | −0.1 MNOK | −0.1 MNOK | −0.1 MNOK |
| Profit before tax | 2.3 MNOK | 1.7 MNOK | 1.7 MNOK |
| Net profit | 2.2 MNOK | 2.0 MNOK | 1.7 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Total assets | 22.8 MNOK | 23.1 MNOK | 24.8 MNOK |
| Current assets | 1.0 MNOK | 1.4 MNOK | 3.2 MNOK |
| Equity | 21.8 MNOK | 22.6 MNOK | 24.2 MNOK |
| Retained earnings | 21.6 MNOK | 22.4 MNOK | 24.0 MNOK |
| Total liabilities | 1.0 MNOK | 0.6 MNOK | 0.5 MNOK |
| Current liabilities | 0.7 MNOK | 0.6 MNOK | 0.5 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 29 October 2026, accounts id 6508261.
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