Movemaster AS
Not financial advice. The index, rank, signals and advice are rule-based indications from the latest filed annual accounts. They are not a credit rating, an assessment of management or a recommendation to buy, sell or do business with the company. Read more
Key facts
Is the company run well?
Five key figures against companies in the Morning class Micro in the same sector. Green is better than most, amber about like the industry and red weaker than most.
- Profitability · operating margin 13.4% Better than the industry Industry: 4.1%
- Returns · return on assets 23.5% Better than the industry Industry: 7.3%
- Solidity · equity ratio 12.3% Weaker than the industry Industry: 39.9%
- Liquidity · current ratio 1.14 Weaker than the industry Industry: 1.69
- Growth · revenue growth 39.5% Better than the industry Industry: 5.0%
The mark comes from the company's place among comparable companies (percentile): green from 60, amber from 40, red below 40. Negative equity, an operating loss and a current ratio under 1 pull it down regardless. Methodology
Score · fiscal year 2025
51of 100
How to read this: the company is ahead of 51 % of companies in the Morning class Micro in the same sector in 2025. What does this mean?
Rank in the Morning class Micro: 1,646 of 3,346 · What are Morning company classes?
Place in the whole sector: 3,510 of 7,076 · Industri
Profile
Cheetah · Sprinter
High profitability, lower resilience
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 77 and resilience 27 out of 100 among companies in the Morning class Micro in the same sector in 2025. Methodology
Against the sector
Movemaster AS is at the median for companies in the Morning class Micro in the same sector in 2025.
Median score 51 among 3,346 companies.
Against companies in the Morning class Micro in the same sector in 2025: operating margin 13.4% (median 4.1%) and equity ratio 12.3% (median 39.9%).
How it has gone · 2023–2025
Revenue rose by 59 % from 2023 to 2025, to 1.2 MNOK. The operating margin fell from 23.7% in 2023 to 13.4% in 2025. The equity ratio fell from 13.4% in 2023 to 12.3% in 2025.
Amounts in the reporting currency. The full year-by-year table is further down under «Details». See every figure year by year
Accounts in short
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 0.8 MNOK | 0.9 MNOK | 1.2 MNOK |
| Operating profit | 0.2 MNOK | 0.5 MNOK | 0.2 MNOK |
| Net profit | 0.1 MNOK | 0.4 MNOK | 0.1 MNOK |
| Total assets | 0.8 MNOK | 0.6 MNOK | 0.7 MNOK |
| Equity | 0.1 MNOK | 0.5 MNOK | 0.1 MNOK |
| Total liabilities | 0.7 MNOK | 0.2 MNOK | 0.6 MNOK |
From the Brønnøysund Register Centre, in the company's reporting currency (NOK). See every figure year by year
From the Central Coordinating Register
- Org. no.
- 992572787
- Legal form
- AS
- Sector
- Industri (28.220)
- Purpose
- Drive utvikling, produksjon og salg av ergonomisk utstyr og hjelpemidler.
- Morning company class
- Micro
- Employees
- 0–4 (not registered) Payroll costs in the accounts: 0.0 MNOK (2025).
- Founded
- 10 February 2008 18 years in operation
- Share capital
- 0.03 MNOK
- Business address
- Sørkedalsveien 307, 0754 OSLO
- Municipality
- Oslo rank 63–220 of 357 in Norway
- Audit
- Audit opted out from 7 November 2018
- Latest accounts filed
- 2025
- VAT registered
- Yes
- Website
- www.movemaster.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
Movemaster AS has a score of 51 for 2025, rank 3,510 of 7,076 in the sector.
Strongest: Profitability: percentile 77 against peers, operating margin 13.4% against a median of 4.1%.
Weakest: Solidity: percentile 18 against peers, equity ratio 12.3% against a median of 39.9%. Liquidity: percentile 31 against peers, current ratio 1.14 against a median of 1.69.
Worth a closer look
- Strong growth with weak liquidity. Is the growth financed, or does it tie up capital the company does not have? Based on: revenue growth 39.5% (median 5.0%); current ratio 1.14 (median 1.69).
- Current liabilities exceed current assets other than bank deposits, and the current ratio is weak. Is it customer prepayments and supplier credit that fund the operations, or short-term loans that must be renewed? Based on: net working capital to revenue −33.3% (median −3.2%); current ratio 1.14 (median 1.69).
- What lies behind weak solidity, and will it last?
- The change in operating margin in 2025 was 39.1 percentage points weaker than for comparable companies: the company −39.4, the industry −0.3 points. That is the company's own, not something that hit the whole industry.
Written by fixed rules from the figures. Describes the figures, does not explain causes. Not investment or financial advice. How the summary is made
Worth a closer look
- watch
Strong growth with weak liquidity. Is the growth financed, or does it tie up capital the company does not have?
Based on: Revenue growth 39.5% (median 5.0%); Current ratio 1.14 (median 1.69).
- watch
Current liabilities exceed current assets other than bank deposits, and the current ratio is weak. Is it customer prepayments and supplier credit that fund the operations, or short-term loans that must be renewed?
Based on: Net working capital to revenue −33.3% (median −3.2%); Current ratio 1.14 (median 1.69).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 0.2% 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 −0.4%. 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 | 77 | weight 40% |
|---|---|---|
| Solidity | 18 | weight 20% |
| Liquidity | 31 | weight 5% |
| Growth | 43 | weight 25% |
| Consistency | 43 | weight 10% |
Three goals: profitability 40%, growth 25%, resilience 35%. Why these weights?
Index version 3. Data completeness 100%: the share of the weights that had data.
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 1 MNOK | 3 MNOK |
| Operating margin | 13.4% | 4.1% |
| Profit margin | 13.4% | 3.5% |
| Return on assets | 23.5% | 7.3% |
| Equity ratio | 12.3% | 39.9% |
| Debt-to-equity | 7.11 | 1.09 |
| Current ratio | 1.14 | 1.69 |
| Revenue growth | 39.5% | 5.0% |
The median and “ahead of” refer to companies in the Morning class Micro in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 51, Movemaster AS does better than 51% of companies in the Morning class Micro in the same sector (3,346 companies) in 2025.
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.
Working capital and debt
| Measure | Company | Median | |
|---|---|---|---|
| Working capital | |||
| Receivable days All current receivables, including those on group companies, in days of revenue. |
56 days | 35 days | |
| Inventory and other current assets, days Current assets other than receivables and bank deposits, that is inventory and short-term investments, in days of revenue. |
7 days | 16 days | |
| Net working capital to revenue Current assets less bank deposits less current liabilities, divided by revenue. Negative: short-term debt funds the operations. |
−33.3% | −3.2% | |
| Cash share of current assets How much of the short-term buffer is bank deposits and cash. |
70.1% | 42.7% | |
| Debt and interest burden | |||
| Interest coverage (times) Operating result divided by all financial costs. Below 1: operations do not cover the cost of the debt. |
129.1 | 3.4 | |
| Financial costs as a share of debt All financial costs (interest, currency losses and other) divided by all debt, interest-free debt included. Not an interest rate. |
0.2% | 1.5% | |
| Long-term share of debt Long-term debt as a share of all debt. A low share means more falls due within a year. |
– | 28.7% | |
Net working capital (current assets less bank deposits less current liabilities): −0.4 MNOK.
Of the financial costs of 0.0 MNOK, 0.0 MNOK is reported as interest costs in the accounts.
The median and the bar refer to companies in the Morning class Micro in the same sector in 2025. The bar shows the share of the group with a lower figure: higher is not always better, long receivable days tie up capital, for example. These figures do not count in the score.
The industry or the company: what drove the result?
In 2025 the operating margin of Movemaster AS fell by 39.4 percentage points. Comparable companies fell by a median 0.3 points. So the company did 39.1 points weaker than the industry, for reasons of its own.
Over 2 year-to-year changes Movemaster AS moved the same way as comparable companies 2 times. About 1% of the changes in operating margin were common to the industry; the rest was the company's own.
| Year | The company | Comparable (median) | Change, company | Change, industry | The company's own |
|---|---|---|---|---|---|
| 2024 | 52.8% | 4.4% | +29.0 percentage points | +0.2 percentage points | +28.8 percentage points |
| 2025 | 13.4% | 4.1% | −39.4 percentage points | −0.3 percentage points | −39.1 percentage points |
Comparable companies are those in the same industry and Morning company class. Their change shows what hit the whole industry, the sector drivers below included. The rest is the company's own: contracts, costs, one-off items or operations. The share is approximate, and we claim no cause.
The company and its sector's drivers
Prices, rate and currency that shape the sector's year, year by year beside the operating margin of Movemaster AS. The figures stand side by side; we claim no cause.
Producer prices in manufacturing (indeks (2021 = 100))
Producer prices in manufacturing rose 2.9% in 2025; the operating margin of Movemaster AS fell 39.4 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Producer prices in manufacturing, annual average | 100.0 | 124.7 | 129.5 | 134.4 | 138.3 | 146.7 (so far) |
| Change from the year before | +10.7% | +24.7% | +3.9% | +3.7% | +2.9% | +6.1% |
| The company's operating margin | – | – | 23.7% | 52.8% | 13.4% | – |
Source: SSB (12462, CC BY 4.0). Source
EUR/NOK (kr)
EUR/NOK rose 0.8% in 2025; the operating margin of Movemaster AS fell 39.4 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| EUR/NOK, annual average | 10.16 | 10.10 | 11.42 | 11.62 | 11.72 | 11.04 (so far) |
| Change from the year before | −5.2% | −0.6% | +13.1% | +1.8% | +0.8% | −5.8% |
| The company's operating margin | – | – | 23.7% | 52.8% | 13.4% | – |
Source: Norges Bank (EXR, NLOD 2.0). Source
Wholesale power price (øre per kWh)
Wholesale power price rose 9.4% in 2025; the operating margin of Movemaster AS fell 39.4 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Wholesale power price, annual average | 64.2 | 141.7 | 72.0 | 49.4 | 54.0 | 96.5 (so far) |
| Change from the year before | +466.7% | +120.8% | −49.2% | −31.4% | +9.4% | +78.4% |
| The company's operating margin | – | – | 23.7% | 52.8% | 13.4% | – |
Source: SSB (09363, CC BY 4.0). Source
USD/NOK (kr)
USD/NOK fell 3.3% in 2025; the operating margin of Movemaster AS fell 39.4 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| USD/NOK, annual average | 8.59 | 9.61 | 10.56 | 10.75 | 10.39 | 9.54 (so far) |
| Change from the year before | −8.8% | +11.9% | +9.9% | +1.7% | −3.3% | −8.2% |
| The company's operating margin | – | – | 23.7% | 52.8% | 13.4% | – |
Source: Norges Bank (EXR, NLOD 2.0). Source
Wage index: fabricated metal products (indeks)
Wage index: fabricated metal products rose 5.8% in 2025; the operating margin of Movemaster AS fell 39.4 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Wage index: fabricated metal products, annual average | 88.0 | 91.5 | 96.9 | 102.1 | 108.0 | 112.8 (so far) |
| Change from the year before | +3.1% | +3.9% | +6.0% | +5.4% | +5.8% | +4.5% |
| The company's operating margin | – | – | 23.7% | 52.8% | 13.4% | – |
Source: SSB (12314, CC BY 4.0). Source
We show the drivers and the margin side by side and claim no cause. Sensitivity per company is not computed until we have at least 10 years of accounts per company: with three years such figures are false precision.
What the numbers say
Movemaster AS had an operating margin of 13.4% and an equity ratio of 12.3% in 2025, and ranks 3,510 of 7,076 in Industri.
From 2024 to 2025: the operating margin fell from 52.8% to 13.4% and the equity ratio fell from 75.0% to 12.3%.
This text is generated automatically from the 2025 accounts.
Three simple methods
Suggested price: about 2 MNOK
The mean of the 3 methods below (P/E, EV/EBIT and P/B with listed multiples and a size adjustment), rounded to two significant figures. It is a calculation, not a bid or a valuation. The methods differ widely (the highest is 17.1 times the lowest), so the estimate is uncertain.
That is about 24,000 NOK per share, on 100 shares in the shareholder register.
The methods give between 0 MNOK and 4 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 25.8 | 3 MNOK |
| EV/EBIT | 19.1 | 4 MNOK |
| P/B | 4.0 | 0 MNOK |
| EV/EBIT: from enterprise value to equity | NOK |
|---|---|
| Enterprise value (EV) at the listed multiple | 5 MNOK |
| Enterprise value after the size adjustment | 3 MNOK |
| Less net debt (rough figure) | 0 MNOK |
| Equity value | 4 MNOK |
Net debt is a rough figure: long-term liabilities minus cash. The accounts do not split interest-bearing debt from other liabilities, and short-term borrowings are not included. The size adjustment applies to the enterprise value, not to the debt.
The listed basis is the value at listed multiples. The estimate is lowered for size: a small-company premium of 4% on the cost of equity gives a value 38% lower. No separate marketability discount is applied, because the premium already allows for the company being small and unlisted.
The multiples are from the listed industry that matches the NACE code (28): Machinery.
Not financial advice. The value range is a rough model estimate from listed-company multiples, not a valuation, a price target or a price offer. The actual value may differ greatly. Read more
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
Figures you will not find in any register
We calculated these figures ourselves from the accounts and registers we have read. The company has not reported them and the Brønnøysund Register Centre does not publish them. They are indications and are not part of the index. How we calculate
- Equity paid out or paid in
- 0.5 MNOK left equity beyond the result in 2025.
That equals 399% of the year's result.
More left than the company earned in the year.
Over 2 years it equals 104% of the sum of the results.
Calculated as retained earnings at the start of the year + net result − retained earnings at the end of the year. What remains is dividends and group contributions, plus transfers to other items and corrections of earlier years. It is not a dividend figure. - Owners and leadership aged 60 or older
- Several signs that a generation change may be coming.
- The chair is 60 or older.
- The managing director is 60 or older.
- 2 of 2 on the board are 60 or older.
Not financial advice. The index, rank, signals and advice are rule-based indications from the latest filed annual accounts. They are not a credit rating, an assessment of management or a recommendation to buy, sell or do business with the company. Read more
Questions and answers
How profitable is Movemaster AS?
The operating margin was 13.4% in 2025, against a median of 4.1% among companies in the Morning class Micro in the same sector. Return on assets was 23.5%.
How solid is Movemaster AS?
The equity ratio was 12.3% in 2025 (median 39.9%). Debt-to-equity was 7.11 (median 1.09).
What is the liquidity of Movemaster AS like?
The current ratio was 1.14 in 2025 (median 1.69).
How does Movemaster AS compare in Industri?
Movemaster AS ranks 3,510 of 7,076 in Industri for 2025. Among companies in the Morning class Micro it is number 1,646 of 3,346. Revenue changed by 39.5% from the year before.
Competitors
The 8 closest competitors in the same line of business, placed in the same matrix as the sector page: profitability up, resilience to the right. These are the companies the competitor analysis and the strategy report compare with.
Each bubble is a company: this company and its closest competitors in the same line of business and size, the same ones the competitor analysis uses. Placement is 0–100 against the whole sector and Morning company class: further right is more robust, higher up is more profitable. Bubble size is revenue. The light bubble and arrow show where the company stood the year before. Pick a profile to see fewer at a time.
| Company | Profile | Operating revenue | Operating margin | Score |
|---|---|---|---|---|
| Klepp Mek AS |  Beaver |
76 MNOK | −2.6% | 23 |
| Chsnor AS |  Cheetah |
61 MNOK | 6.0% | 59 |
| AS HAMATEC |  Lion |
55 MNOK | 22.5% | 79 |
| Lorentzen Hydraulikk AS | Beaver |
52 MNOK | 1.0% | 34 |
| Datek Løfteteknikk Nord AS | Cheetah |
13 MNOK | 13.4% | 57 |
| Bryne Winch Solution AS | Lion |
11 MNOK | 14.5% | 69 |
| Hmr Voss AS |  Elephant |
2 MNOK | −22.1% | 43 |
| Vinsjkompaniet AS · same municipality | Lion |
2 MNOK | 13.6% | 72 |
| Movemaster AS (this company) | Cheetah |
1 MNOK | 13.4% | 51 |
The selection is the closest in revenue within the same industry code. When you order, you can swap competitors. Order competitor analysis
Public contracts
- Contracts awarded since 2024
- 1
- Total awarded value since 2024
- value not stated
- Framework agreements
- 1
- Left out of the total: the value is a ceiling, not actual spend.
| Date | Buyer | Notice | Value |
|---|---|---|---|
| 22 April 2025 | ARBEIDS- OG VELFERDSETATEN | Anskaffelse - 23/29765 Personløftere, overflyttingsplattformer og løfteseter fra gulv | value not stated |
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.
Dependence on public contracts
Awarded value in the year seen against revenue the same year. This is not a share of revenue: the value is the whole contract, often for several years, and it does not necessarily become revenue that year.
| Year | Contracts | Awarded value | Awarded value against revenue |
|---|---|---|---|
| 2025 | 0 | not stated | – |
Framework agreements are left out (1 since 2024). A ceiling is not a purchase.
Largest public buyers since 2024
| Buyer | Contracts | Value | Share of value |
|---|---|---|---|
| ARBEIDS- OG VELFERDSETATEN | 1 | not stated | – |
- The value is the whole contract as stated by the buyer, often for several years.
- Framework agreements are left out of the sums, since the value is a ceiling. Many frameworks are not marked in Doffin and may still be included.
- Only awards where Doffin gives the company's organisation number.
- Contracts without a stated value are counted but not summed.
- An indication of dependence, not an accounting figure. End dates are rarely in the Doffin data.
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
Ownership and roles
Loading roles …
Source: Central Coordinating Register, fetched 8 November 2026. Only names are shown.
Shareholders (2025)
- Number of shareholders
- 2
- Largest owner
- 50.0%
- Split
- companies 50% · private persons 50% · foreign 0%
- Owned from the same municipality
- 50%
- Forflytningsteknikk AS · 50.0%
- 1 private persons · 50.0%
The company is new in the shareholder register in 2025.
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.
Is this your company? Suggest changes or add information
Figures last fetched 10 November 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | – | – | 51 | |
| Rank | – | – | 3,510 | |
| Operating margin | 23.7% | 52.8% | 13.4% | |
| Return on assets | 23.2% | 74.5% | 23.5% | |
| Equity ratio | 13.4% | 75.0% | 12.3% | |
| Current ratio | 1.15 | 4.00 | 1.14 | |
| Revenue growth | – | 13.7% | 39.5% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 0.8 MNOK | 0.9 MNOK | 1.2 MNOK |
| Operating profit | 0.2 MNOK | 0.5 MNOK | 0.2 MNOK |
| Profit before tax | 0.2 MNOK | 0.5 MNOK | 0.2 MNOK |
| Tax expense | 0.0 MNOK | 0.1 MNOK | 0.0 MNOK |
| Net profit | 0.1 MNOK | 0.4 MNOK | 0.1 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Total assets | 0.8 MNOK | 0.6 MNOK | 0.7 MNOK |
| Current assets | 0.8 MNOK | 0.6 MNOK | 0.7 MNOK |
| Equity | 0.1 MNOK | 0.5 MNOK | 0.1 MNOK |
| Retained earnings | 0.1 MNOK | 0.4 MNOK | 0.1 MNOK |
| Total liabilities | 0.7 MNOK | 0.2 MNOK | 0.6 MNOK |
| Current liabilities | 0.7 MNOK | 0.2 MNOK | 0.6 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 10 November 2026, accounts id 6639735.
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News and announcements
- 21 August 2026 Ny forretningsadresse (opens in a new tab) Source: Brønnøysundregistrene
From official sources: the Brønnøysund Register Centre, Oslo Børs NewsWeb and public agencies. We show the title, date and a link to the source. The link to a company, sector or municipality is automatic and may be wrong. Report a wrong link