SPANDEX AS
Score · fiscal year 2024
32of 100
How to read this: the company is ahead of 15 % of medium-sized companies in the same sector in 2024. What does this mean?
Rank: 29,126 of 37,174 · Handel
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 42 and solidity 21 out of 100 among medium-sized companies in the same sector in 2024. Methodology
Against the sector
SPANDEX AS is 18 points below the median for medium-sized companies in the same sector in 2024.
Median score 50 among 2,059 companies.
Against medium-sized companies in the same sector in 2024: operating margin 2.1% (median 3.2%) and equity ratio 15.8% (median 32.6%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 106 MNOK | 171 MNOK |
| Operating margin | 2.1% | 3.2% |
| Profit margin | 1.4% | 3.1% |
| Return on assets | 10.4% | 11.1% |
| Equity ratio | 15.8% | 32.6% |
| Debt-to-equity | 5.32 | 2.01 |
| Current ratio | 1.12 | 1.38 |
| Revenue growth | – | 5.2% |
| Revenue per employee | 6.64 MNOK | 6.29 MNOK |
The median and “ahead of” refer to medium-sized companies in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
With an index of 32, SPANDEX AS does better than 15% of medium-sized companies in the same sector (2,059 companies) in 2024.
Score 2024–2026
- SPANDEX AS
- Median: medium-sized companies in the same sector
What the numbers say
SPANDEX AS had an operating margin of 2.1% and an equity ratio of 15.8% in 2024, and ranks 29,126 of 37,174 in Handel.
This text is generated automatically from the 2024 accounts.
Three simple methods
The methods give between 5 MNOK and 24 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 12 MNOK |
| EV/EBIT | 8.0 | 24 MNOK |
| P/B | 1.0 | 5 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
No rules were triggered for this year.
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 6.1% of the debt in 2024. The policy rate averaged 4.50 % 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 | 42 | weight 30% |
|---|---|---|
| Solidity | 21 | weight 25% |
| Liquidity | 27 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 33 | weight 15% |
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is SPANDEX AS?
The operating margin was 2.1% in 2024, against a median of 3.2% among medium-sized companies in the same sector. Return on assets was 10.4%.
How solid is SPANDEX AS?
The equity ratio was 15.8% in 2024 (median 32.6%). Debt-to-equity was 5.32 (median 2.01).
What is the liquidity of SPANDEX AS like?
The current ratio was 1.12 in 2024 (median 1.38).
How does SPANDEX AS compare in Handel?
SPANDEX AS ranks 29,126 of 37,174 in Handel for 2024. Among companies of the same size (medium-sized companies) it ranks 1,756 of 2,059.
From the Central Coordinating Register
- Org. no.
- 819409242
- Legal form
- AS
- Sector
- Handel (46.640)
- Size tier
- medium
- Employees
- 16 registered 10 June 2026
- Founded
- 31 December 1979 46 years in operation
- Share capital
- 1.01 MNOK
- Business address
- Hegdalringen 25, 3261 LARVIK
- Municipality
- Larvik rank 4 of 10 in KOSTRA group 11
- Latest accounts filed
- 2026
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
- Stiina Maria Lerto
- Board member
- Per Halvorsen
- Auditor
- TELL NORGE AS
- Accountant
- SAGA REGNSKAP OG RÅDGIVNING 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 26 October 2026.
Year by year · 2024–2026
| Key figure | 2024 | 2025 | 2026 | Trend |
|---|---|---|---|---|
| Index | 32 | 20 | 11 | |
| Rank | 29,126 | 34,572 | 203 | |
| Operating margin | 2.1% | −0.3% | −1.6% | |
| Return on assets | 10.4% | 1.8% | −4.8% | |
| Equity ratio | 15.8% | 13.2% | 8.7% | |
| Current ratio | 1.12 | 1.09 | 1.01 | |
| Revenue growth | – | 2.1% | −4.0% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2024 | 2025 | 2026 |
|---|---|---|---|
| Operating revenue | 106.3 MNOK | 108.5 MNOK | 104.2 MNOK |
| Operating profit | 2.3 MNOK | −0.3 MNOK | −1.7 MNOK |
| Profit before tax | 1.5 MNOK | −0.8 MNOK | −2.3 MNOK |
| Net profit | 1.2 MNOK | −0.5 MNOK | −1.8 MNOK |
| Financial expenses | 1.5 MNOK | 1.4 MNOK | 1.0 MNOK |
| Total assets | 29.2 MNOK | 31.1 MNOK | 26.6 MNOK |
| Current assets | 27.5 MNOK | 29.3 MNOK | 24.6 MNOK |
| Equity | 4.6 MNOK | 4.1 MNOK | 2.3 MNOK |
| Retained earnings | 3.6 MNOK | 3.1 MNOK | 1.3 MNOK |
| Total liabilities | 24.6 MNOK | 27.0 MNOK | 24.3 MNOK |
| Current liabilities | 24.6 MNOK | 27.0 MNOK | 24.3 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 5427761.
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