FIANOA AS
Score · fiscal year 2025
65of 100
How to read this: the company is ahead of 79 % of small companies in the same sector in 2025. What does this mean?
Rank: 8,117 of 38,671 · Handel
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 71 and solidity 40 out of 100 among small companies in the same sector in 2025. Methodology
Against the sector
FIANOA AS is 15 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 8.4% (median 2.5%) and equity ratio 32.6% (median 38.3%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 3 MNOK | 3 MNOK |
| Operating margin | 8.4% | 2.5% |
| Profit margin | 7.6% | 2.2% |
| Return on assets | 12.4% | 4.0% |
| Equity ratio | 32.6% | 38.3% |
| Debt-to-equity | 2.07 | 0.99 |
| Current ratio | 6.78 | 1.70 |
| Revenue growth | 15.0% | 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 65, FIANOA AS does better than 79% of small companies in the same sector (36,580 companies) in 2025.
Score 2023–2025
- FIANOA AS
- Median: small companies in the same sector
FIANOA AS has a score of 65 for 2025, rank 8,117 of 38,671 in the sector.
Strongest: Liquidity: percentile 86 against peers, current ratio 6.78 against a median of 1.70. Growth: percentile 71 against peers, revenue growth 15.0% against a median of 3.5%.
Weakest: Solidity: percentile 40 against peers, equity ratio 32.6% against a median of 38.3%.
Worth a closer look
- 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
FIANOA AS had an operating margin of 8.4% and an equity ratio of 32.6% in 2025, and ranks 8,117 of 38,671 in Handel.
From 2024 to 2025: the operating margin fell from 16.6% to 8.4% and revenue grew by 15%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 1 MNOK and 3 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 2 MNOK |
| EV/EBIT | 8.0 | 3 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
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 1.8% 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 | 71 | weight 30% |
|---|---|---|
| Solidity | 40 | weight 25% |
| Liquidity | 86 | weight 15% |
| Growth | 71 | weight 15% |
| Consistency | 67 | weight 15% |
Durability: 59 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is FIANOA AS?
The operating margin was 8.4% in 2025, against a median of 2.5% among small companies in the same sector. Return on assets was 12.4%.
How solid is FIANOA AS?
The equity ratio was 32.6% in 2025 (median 38.3%). Debt-to-equity was 2.07 (median 0.99).
What is the liquidity of FIANOA AS like?
The current ratio was 6.78 in 2025 (median 1.70).
How does FIANOA AS compare in Handel?
FIANOA AS ranks 8,117 of 38,671 in Handel for 2025. Among companies of the same size (small companies) it ranks 7,627 of 36,580. Revenue changed by 15.0% from the year before.
From the Central Coordinating Register
- Org. no.
- 825446842
- Legal form
- AS
- Sector
- Handel (47.710)
- Size tier
- small
- Employees
- 0–4 (not registered)
- Founded
- 17 June 2020 6 years in operation
- Share capital
- 0.03 MNOK
- Business address
- Assæveien 64, 4848 ARENDAL
- Municipality
- Arendal rank 6–10 of 10 in KOSTRA group 11
- Audit
- Audit opted out from 7 August 2020
- 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
- Marielle Heia Gundersen
- Chair of the board
- Carina Heia Venemyr
- Board member
- Marielle Heia Gundersen
- Board member
- Lillian Heia Gundersen
- Accountant
- ECIT NORMANN & ØYGARDEN 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 · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 43 | 70 | 65 | |
| Rank | 21,229 | 5,080 | 8,117 | |
| Operating margin | 2.2% | 16.6% | 8.4% | |
| Return on assets | −0.5% | 22.7% | 12.4% | |
| Equity ratio | 12.0% | 25.5% | 32.6% | |
| Current ratio | 6.29 | 5.03 | 6.78 | |
| Revenue growth | – | 43.5% | 15.0% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 1.8 MNOK | 2.6 MNOK | 3.0 MNOK |
| Operating profit | 0.0 MNOK | 0.4 MNOK | 0.3 MNOK |
| Profit before tax | 0.0 MNOK | 0.4 MNOK | 0.2 MNOK |
| Net profit | 0.0 MNOK | 0.3 MNOK | 0.2 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Total assets | 1.4 MNOK | 1.9 MNOK | 2.1 MNOK |
| Current assets | 1.3 MNOK | 1.8 MNOK | 2.0 MNOK |
| Equity | 0.2 MNOK | 0.5 MNOK | 0.7 MNOK |
| Retained earnings | 0.2 MNOK | 0.5 MNOK | 0.7 MNOK |
| Total liabilities | 1.3 MNOK | 1.4 MNOK | 1.4 MNOK |
| Current liabilities | 0.2 MNOK | 0.4 MNOK | 0.3 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 6404911.
Further
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