Generathor AS
Score · fiscal year 2025
31of 100
How to read this: the company is ahead of 15 % of companies in the Morning class Micro in the same sector in 2025. What does this mean?
Rank in the Morning class Micro: 379 of 448 · What are Morning company classes?
Place in the whole sector: 768 of 878 · Kraft og energi
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 42 and solidity 0 out of 100 among companies in the Morning class Micro in the same sector in 2025. Methodology
Against the sector
Generathor AS is 19 points below the median for companies in the Morning class Micro in the same sector in 2025.
Median score 50 among 448 companies.
Against companies in the Morning class Micro in the same sector in 2025: operating margin 6.6% (median 16.9%) and equity ratio −4.4% (median 38.4%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 1 MNOK | 3 MNOK |
| Operating margin | 6.6% | 16.9% |
| Profit margin | 6.6% | 3.4% |
| Return on assets | 3.4% | 3.8% |
| Equity ratio | −4.4% | 38.4% |
| Debt-to-equity | – | 1.39 |
| Current ratio | 0.66 | 1.94 |
| Revenue growth | 33.5% | 1.8% |
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 31, Generathor AS does better than 15% of companies in the Morning class Micro in the same sector (448 companies) in 2025.
Score 2023–2025
- Generathor AS
- Median: companies in the Morning class Micro in the same sector
Generathor AS has a score of 31 for 2025, rank 768 of 878 in the sector.
Strongest: Growth: percentile 83 against peers, revenue growth 33.5% against a median of 1.8%.
Weakest: Solidity: percentile 0 against peers, equity ratio −4.4% against a median of 38.4%. Liquidity: percentile 16 against peers, current ratio 0.66 against a median of 1.94.
Worth a closer look
- Equity is negative. How will it be rebuilt, and what do lenders and the auditor say about going concern? Based on: equity ratio −4.4% (median 38.4%).
- Consider strengthening liquidity: current liabilities are 1.5 times current assets. Based on: current ratio 0.66 (median 1.94).
- Strong growth with weak liquidity. Is the growth financed, or does it tie up capital the company does not have? Based on: revenue growth 33.5% (median 1.8%); current ratio 0.66 (median 1.94).
- What lies behind weak solidity, 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
Generathor AS had an operating margin of 6.6% and an equity ratio of −4.4% in 2025, and ranks 768 of 878 in Kraft og energi.
From 2024 to 2025: the operating margin rose from −61.7% to 6.6% and went from a loss to a profit before tax.
Generathor AS did weaker than the sector in 2025, the sector's weakest year.
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 | 1 MNOK |
| EV/EBIT | 8.0 | 1 MNOK |
| P/B | 1.0 | not meaningful |
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
- critical
Equity is negative. How will it be rebuilt, and what do lenders and the auditor say about going concern?
Based on: Equity ratio −4.4% (median 38.4%).
- watch
Consider strengthening liquidity: current liabilities are 1.5 times current assets.
Based on: Current ratio 0.66 (median 1.94).
- 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 33.5% (median 1.8%); Current ratio 0.66 (median 1.94).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
See interest rates, prices and exchange rates for the sector
Data quality
- critical Negative equity
Scenario analysis: the sector's weakest year
The operating margin was 6.6% in 2025 (sector median 15.7%), and the equity ratio −4.4%. In the other years the operating margin averaged −14.1%.
The sector's weakest year was 2025, with a median operating margin of 15.7%. Based on the 5 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 42 | weight 30% |
|---|---|---|
| Solidity | 0 | weight 25% |
| Liquidity | 16 | weight 15% |
| Growth | 83 | weight 15% |
| Consistency | 24 | weight 15% |
Durability: 35 (average over 2 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Generathor AS?
The operating margin was 6.6% in 2025, against a median of 16.9% among companies in the Morning class Micro in the same sector. Return on assets was 3.4%.
How solid is Generathor AS?
The equity ratio was −4.4% in 2025 (median 38.4%). Equity is negative, so liabilities exceed assets.
What is the liquidity of Generathor AS like?
The current ratio was 0.66 in 2025 (median 1.94). Current assets did not cover current liabilities.
How does Generathor AS compare in Kraft og energi?
Generathor AS ranks 768 of 878 in Kraft og energi for 2025. Among companies in the Morning class Micro it is number 379 of 448. Revenue changed by 33.5% 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.
- 994495941
- Legal form
- AS · part of a group
- Sector
- Kraft og energi (35.150)
- Morning company class
- Micro
- Employees
- 0–4 (not registered)
- Founded
- 1 September 2009 17 years in operation
- Share capital
- 0.10 MNOK
- Business address
- c/o Thor Halvorsen Holding AS, Strandveien 50, 1366 LYSAKER (BÆRUM)
- Municipality
- Bærum rank 1 of 11 in KOSTRA group 12
- Audit
- Audit opted out from 13 December 2011
- 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
- Chair of the board
- Thor Morten Halvorsen
- Board member
- Thor Filip Børresen Halvorsen
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 | 38 | – | 31 | |
| Rank | 613 | – | 768 | |
| Operating margin | 33.6% | −61.7% | 6.6% | |
| Return on assets | 17.4% | −26.5% | 3.4% | |
| Equity ratio | 10.4% | −7.8% | −4.4% | |
| Current ratio | 0.75 | 0.53 | 0.66 | |
| Revenue growth | – | −39.3% | 33.5% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 1.3 MNOK | 0.8 MNOK | 1.1 MNOK |
| Operating profit | 0.4 MNOK | −0.5 MNOK | 0.1 MNOK |
| Profit before tax | 0.4 MNOK | −0.5 MNOK | 0.1 MNOK |
| Net profit | 0.3 MNOK | −0.4 MNOK | 0.1 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK | – |
| Total assets | 2.5 MNOK | 1.8 MNOK | 2.1 MNOK |
| Current assets | 1.7 MNOK | 1.1 MNOK | 1.4 MNOK |
| Equity | 0.3 MNOK | −0.1 MNOK | −0.1 MNOK |
| Retained earnings | 0.1 MNOK | −0.2 MNOK | −0.2 MNOK |
| Total liabilities | 2.3 MNOK | 2.0 MNOK | 2.1 MNOK |
| Current liabilities | 2.2 MNOK | 2.0 MNOK | 2.1 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 29 October 2026, accounts id 6971354.
Further
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