TELEMASTER AS
Score · fiscal year 2025
42of 100
How to read this: the company is ahead of 35 % of companies in the Morning class Micro in the same sector in 2025. What does this mean?
Rank in the Morning class Micro: 8,354 of 12,950 · What are Morning company classes?
Place in the whole sector: 13,437 of 20,428 · Bygg og anlegg
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 84 and solidity 0 out of 100 among companies in the Morning class Micro in the same sector in 2025. Methodology
Against the sector
TELEMASTER AS is 8 points below the median for companies in the Morning class Micro in the same sector in 2025.
Median score 50 among 12,943 companies.
Against companies in the Morning class Micro in the same sector in 2025: operating margin 10.3% (median 3.5%) and equity ratio −53.0% (median 33.1%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 2 MNOK | 3 MNOK |
| Operating margin | 10.3% | 3.5% |
| Profit margin | 5.1% | 3.0% |
| Return on assets | 48.8% | 7.8% |
| Equity ratio | −53.0% | 33.1% |
| Debt-to-equity | – | 1.41 |
| Current ratio | 0.89 | 1.42 |
| Revenue growth | 28.5% | 6.1% |
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 42, TELEMASTER AS does better than 35% of companies in the Morning class Micro in the same sector (12,950 companies) in 2025.
Score 2023–2025
- TELEMASTER AS
- Median: companies in the Morning class Micro in the same sector
TELEMASTER AS has a score of 42 for 2025, rank 13,437 of 20,428 in the sector.
Strongest: Profitability: percentile 84 against peers, operating margin 10.3% against a median of 3.5%. Growth: percentile 72 against peers, revenue growth 28.5% against a median of 6.1%.
Weakest: Solidity: percentile 0 against peers, equity ratio −53.0% against a median of 33.1%. Consistency: percentile 18 against peers.
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 −53.0% (median 33.1%).
- Consider strengthening liquidity: current liabilities are 1.1 times current assets. Based on: current ratio 0.89 (median 1.42).
- Strong growth with weak liquidity. Is the growth financed, or does it tie up capital the company does not have? Based on: revenue growth 28.5% (median 6.1%); current ratio 0.89 (median 1.42).
- 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
TELEMASTER AS had an operating margin of 10.3% and an equity ratio of −53.0% in 2025, and ranks 13,437 of 20,428 in Bygg og anlegg.
From 2024 to 2025: went from a loss to a profit before tax and the operating margin rose from −5.5% to 10.3%.
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 −53.0% (median 33.1%).
- watch
Consider strengthening liquidity: current liabilities are 1.1 times current assets.
Based on: Current ratio 0.89 (median 1.42).
- 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 28.5% (median 6.1%); Current ratio 0.89 (median 1.42).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 16.0% 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
- critical Negative equity
Scenario analysis: the sector's weakest year
We have no accounts for 2021, the sector's weakest year, for this company.
The sector's weakest year was 2021, with a median operating margin of 1.8%. 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 | 84 | weight 30% |
|---|---|---|
| Solidity | 0 | weight 25% |
| Liquidity | 23 | weight 15% |
| Growth | 72 | weight 15% |
| Consistency | 18 | weight 15% |
Durability: 20 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is TELEMASTER AS?
The operating margin was 10.3% in 2025, against a median of 3.5% among companies in the Morning class Micro in the same sector. Return on assets was 48.8%.
How solid is TELEMASTER AS?
The equity ratio was −53.0% in 2025 (median 33.1%). Equity is negative, so liabilities exceed assets.
What is the liquidity of TELEMASTER AS like?
The current ratio was 0.89 in 2025 (median 1.42). Current assets did not cover current liabilities.
How does TELEMASTER AS compare in Bygg og anlegg?
TELEMASTER AS ranks 13,437 of 20,428 in Bygg og anlegg for 2025. Among companies in the Morning class Micro it is number 8,354 of 12,950. Revenue changed by 28.5% from the year before.
From the Central Coordinating Register
- Org. no.
- 911723077
- Legal form
- AS
- Sector
- Bygg og anlegg (42.222)
- Morning company class
- Micro
- Employees
- 0–4 (not registered)
- Founded
- 6 March 2013 13 years in operation
- Share capital
- 0.03 MNOK
- Business address
- Berghallveien 27, 3614 KONGSBERG
- Municipality
- Kongsberg rank 4–13 of 27 in KOSTRA group 9
- Audit
- Audit opted out from 19 March 2013
- 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
- Andreas Aasheim Mastervik
- Chair of the board
- Andreas Aasheim Mastervik
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 | 8 | 9 | 42 | |
| Rank | 17,488 | 19,018 | 13,437 | |
| Operating margin | −8.2% | −5.5% | 10.3% | |
| Return on assets | −26.4% | −8.3% | 48.8% | |
| Equity ratio | −12.3% | −29.4% | −53.0% | |
| Current ratio | – | −7.22 | 0.89 | |
| Revenue growth | – | −33.6% | 28.5% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 2.5 MNOK | 1.7 MNOK | 2.1 MNOK |
| Operating profit | −0.2 MNOK | −0.1 MNOK | 0.2 MNOK |
| Profit before tax | −0.3 MNOK | −0.2 MNOK | 0.1 MNOK |
| Net profit | −0.2 MNOK | −0.2 MNOK | 0.1 MNOK |
| Financial expenses | – | 0.2 MNOK | 0.1 MNOK |
| Total assets | 1.1 MNOK | 1.1 MNOK | 0.4 MNOK |
| Current assets | 0.1 MNOK | −0.1 MNOK | 0.1 MNOK |
| Equity | −0.1 MNOK | −0.3 MNOK | −0.2 MNOK |
| Retained earnings | −0.2 MNOK | −0.4 MNOK | −0.3 MNOK |
| Total liabilities | 1.2 MNOK | 1.4 MNOK | 0.7 MNOK |
| Current liabilities | 0.0 MNOK | 0.0 MNOK | 0.1 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 6681294.
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