MASTER SURGERY SYSTEMS AS
Score · fiscal year 2025
61of 100
How to read this: the company is ahead of 71 % of companies in the Morning class Micro in the same sector in 2025. What does this mean?
Rank in the Morning class Micro: 3,326 of 11,397 · What are Morning company classes?
Place in the whole sector: 6,755 of 23,065 · Handel
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 47 and solidity 77 out of 100 among companies in the Morning class Micro in the same sector in 2025. Methodology
Against the sector
MASTER SURGERY SYSTEMS AS is 11 points above the median for companies in the Morning class Micro in the same sector in 2025.
Median score 50 among 11,394 companies.
Against companies in the Morning class Micro in the same sector in 2025: operating margin 2.1% (median 2.6%) and equity ratio 67.0% (median 33.8%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 4 MNOK | 4 MNOK |
| Operating margin | 2.1% | 2.6% |
| Profit margin | −0.5% | 2.2% |
| Return on assets | 4.8% | 6.2% |
| Equity ratio | 67.0% | 33.8% |
| Debt-to-equity | 0.49 | 1.23 |
| Current ratio | 2.72 | 1.75 |
| Revenue growth | 13.3% | 4.0% |
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 61, MASTER SURGERY SYSTEMS AS does better than 71% of companies in the Morning class Micro in the same sector (11,397 companies) in 2025.
Score 2023–2025
- MASTER SURGERY SYSTEMS AS
- Median: companies in the Morning class Micro in the same sector
MASTER SURGERY SYSTEMS AS has a score of 61 for 2025, rank 6,755 of 23,065 in the sector.
Strongest: Solidity: percentile 77 against peers, equity ratio 67.0% against a median of 33.8%. Liquidity: percentile 69 against peers, current ratio 2.72 against a median of 1.75.
No area is clearly below its peers.
Worth a closer look
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin −0.5% (median 2.2%).
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
MASTER SURGERY SYSTEMS AS had an operating margin of 2.1% and an equity ratio of 67.0% in 2025, and ranks 6,755 of 23,065 in Handel.
From 2024 to 2025: the operating margin rose from −1.8% to 2.1% and the equity ratio fell from 75.5% to 67.0%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 1 MNOK and 1 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | 1 MNOK |
| P/B | 1.0 | 1 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 company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −0.5% (median 2.2%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 17.5% 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 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
What the score is made of
| Profitability | 47 | weight 30% |
|---|---|---|
| Solidity | 77 | weight 25% |
| Liquidity | 69 | weight 15% |
| Growth | 68 | weight 15% |
| Consistency | 46 | weight 15% |
Durability: 65 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is MASTER SURGERY SYSTEMS AS?
The operating margin was 2.1% in 2025, against a median of 2.6% among companies in the Morning class Micro in the same sector. Return on assets was 4.8%. The company made a loss before tax.
How solid is MASTER SURGERY SYSTEMS AS?
The equity ratio was 67.0% in 2025 (median 33.8%). Debt-to-equity was 0.49 (median 1.23).
What is the liquidity of MASTER SURGERY SYSTEMS AS like?
The current ratio was 2.72 in 2025 (median 1.75).
How does MASTER SURGERY SYSTEMS AS compare in Handel?
MASTER SURGERY SYSTEMS AS ranks 6,755 of 23,065 in Handel for 2025. Among companies in the Morning class Micro it is number 3,326 of 11,397. Revenue changed by 13.3% from the year before.
From the Central Coordinating Register
- Org. no.
- 993550116
- Legal form
- AS
- Sector
- Handel (46.460)
- Morning company class
- Micro
- Employees
- 0–4 (not registered)
- Founded
- 8 January 2009 17 years in operation
- Share capital
- 0.40 MNOK
- Business address
- c/o Tapperiet Kontorbygg, Sollistrandsveien 12, 3187 HORTEN
- Municipality
- Horten rank 20–27 of 27 in KOSTRA group 9
- Audit
- Audit opted out from 21 November 2018
- Latest accounts filed
- 2025
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
- Arne Nilsen
- Chair of the board
- Arne Nilsen
- Board member
- Liv Nilsen
- Accountant
- PETIM REGNSKAP 1 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 | 80 | 54 | 61 | |
| Rank | 1,905 | 9,584 | 6,755 | |
| Operating margin | 5.9% | −1.8% | 2.1% | |
| Return on assets | 13.3% | −2.3% | 4.8% | |
| Equity ratio | 81.1% | 75.5% | 67.0% | |
| Current ratio | 5.05 | 3.67 | 2.72 | |
| Revenue growth | – | −5.0% | 13.3% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 3.5 MNOK | 3.3 MNOK | 3.8 MNOK |
| Operating profit | 0.2 MNOK | −0.1 MNOK | 0.1 MNOK |
| Profit before tax | 0.2 MNOK | −0.1 MNOK | 0.0 MNOK |
| Net profit | 0.3 MNOK | −0.1 MNOK | 0.0 MNOK |
| Financial expenses | 0.1 MNOK | 0.0 MNOK | 0.1 MNOK |
| Total assets | 1.8 MNOK | 1.9 MNOK | 2.0 MNOK |
| Current assets | 1.7 MNOK | 1.7 MNOK | 1.8 MNOK |
| Equity | 1.5 MNOK | 1.4 MNOK | 1.4 MNOK |
| Retained earnings | 1.1 MNOK | 1.0 MNOK | 1.0 MNOK |
| Total liabilities | 0.3 MNOK | 0.5 MNOK | 0.7 MNOK |
| Current liabilities | 0.3 MNOK | 0.5 MNOK | 0.7 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 29 October 2026, accounts id 6505453.
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