Kildegruppen AS
Score · fiscal year 2025
22of 100
How to read this: the company is ahead of 9 % of companies in the Morning class Small in the same sector in 2025. What does this mean?
Rank in the Morning class Small: 1,418 of 1,565 · What are Morning company classes?
Place in the whole sector: 3,844 of 4,248 · Industri
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 9 and solidity 63 out of 100 among companies in the Morning class Small in the same sector in 2025. Methodology
Against the sector
Kildegruppen AS is 29 points below the median for companies in the Morning class Small in the same sector in 2025.
Median score 51 among 1,565 companies.
Against companies in the Morning class Small in the same sector in 2025: operating margin −176.0% (median 4.4%) and equity ratio 51.1% (median 41.2%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 13 MNOK | 23 MNOK |
| Operating margin | −176.0% | 4.4% |
| Profit margin | −134.4% | 4.1% |
| Return on assets | −4.0% | 9.4% |
| Equity ratio | 51.1% | 41.2% |
| Debt-to-equity | 0.96 | 1.30 |
| Current ratio | 0.58 | 1.72 |
| Revenue growth | −63.6% | 5.3% |
The median and “ahead of” refer to companies in the Morning class Small in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 22, Kildegruppen AS does better than 9% of companies in the Morning class Small in the same sector (1,565 companies) in 2025.
Score 2023–2025
- Kildegruppen AS
- Median: companies in the Morning class Small in the same sector
Kildegruppen AS has a score of 22 for 2025, rank 3,844 of 4,248 in the sector.
Strongest: Solidity: percentile 63 against peers, equity ratio 51.1% against a median of 41.2%.
Weakest: Growth: percentile 0 against peers, revenue growth −63.6% against a median of 5.3%. Liquidity: percentile 3 against peers, current ratio 0.58 against a median of 1.72.
Worth a closer look
- Consider strengthening liquidity: current liabilities are 1.7 times current assets. Based on: current ratio 0.58 (median 1.72).
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin −134.4% (median 4.1%).
- The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors? Based on: operating margin −176.0% (median 4.4%).
- What lies behind weak growth, 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
Kildegruppen AS had an operating margin of −176.0% and an equity ratio of 51.1% in 2025, and ranks 3,844 of 4,248 in Industri.
From 2024 to 2025: the operating margin fell from −87.5% to −176.0% and revenue fell by 64%.
This text is generated automatically from the 2025 accounts.
Three simple methods
One method gives a figure: 159 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 22.2 | not meaningful |
| EV/EBIT | 18.6 | not meaningful |
| P/B | 3.0 | 159 MNOK |
The listed basis is the value at listed multiples. The estimate is lowered by 46% for an unlisted company: 20% for lack of marketability and 32% for size (a small-company premium of 3% on the cost of equity).
A mechanical estimate from public accounts, not advice. A mechanical estimate from public accounts with listed multiples and fixed adjustments. Not a valuation and not advice to buy or sell. See the calculation
Worth a closer look
- watch
Consider strengthening liquidity: current liabilities are 1.7 times current assets.
Based on: Current ratio 0.58 (median 1.72).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −134.4% (median 4.1%).
- watch
The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors?
Based on: Operating margin −176.0% (median 4.4%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 11.1% 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
- watch Extreme margin: check 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 1.4%. 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 | 9 | weight 30% |
|---|---|---|
| Solidity | 63 | weight 25% |
| Liquidity | 3 | weight 15% |
| Growth | 0 | weight 15% |
| Consistency | 24 | weight 15% |
Durability: 26 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Kildegruppen AS?
The operating margin was −176.0% in 2025, against a median of 4.4% among companies in the Morning class Small in the same sector. Return on assets was −4.0%. The company made a loss before tax.
How solid is Kildegruppen AS?
The equity ratio was 51.1% in 2025 (median 41.2%). Debt-to-equity was 0.96 (median 1.30).
What is the liquidity of Kildegruppen AS like?
The current ratio was 0.58 in 2025 (median 1.72). Current assets did not cover current liabilities.
How does Kildegruppen AS compare in Industri?
Kildegruppen AS ranks 3,844 of 4,248 in Industri for 2025. Among companies in the Morning class Small it is number 1,418 of 1,565. Revenue changed by −63.6% from the year before.
Group accounts · 2025
25 of 100
Rank 70 of 80 groups in the Morning class Medium in Industri. Groups are ranked only against other groups in the same sector and class, never against single companies.
- Operating revenue, group
- 240 MNOK
- Operating profit, group
- −28 MNOK
- Profit before tax, group
- −40 MNOK
- Total assets, group
- 271 MNOK
- Equity, group
- 114 MNOK
| Key figure | The group | The company alone (2025) |
|---|---|---|
| Operating margin | −11.5% | −176.0% |
| Return on assets | −9.8% | −4.0% |
| Equity ratio | 42.0% | 51.1% |
| Current ratio | 0.88 | 0.58 |
| Revenue growth | −7.2% | −63.6% |
Group index in earlier years: 2023: 27 (89 of 105), 2024: 17 (76 of 81).
Same formulas and weights as the company index. Group and company are never added together, and the group accounts are not part of sector averages or company rankings.
Source: Brønnøysund Register Centre, group accounts 2025 (open data, NLOD 2.0).
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.
- 912300692
- Legal form
- AS · part of a group
- Sector
- Industri (18.120)
- Morning company class
- Small
- Employees
- 0–4 (not registered)
- Founded
- 9 May 1964 62 years in operation
- Share capital
- 30.86 MNOK
- Business address
- Grønnegata 64, 2317 HAMAR
- Municipality
- Hamar rank 1–5 of 13 in KOSTRA group 10
- Latest accounts filed
- 2025
- Website
- www.kilde.no
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
Loading roles …
Source: Central Coordinating Register, fetched 2 November 2026. Only names are shown.
Shareholders (2025)
- Number of shareholders
- 72
- Largest owner
- 34.0% · top three 47.8%
- Split
- companies 96% · private persons 0% · foreign 0%
- Amedia Norge AS · 35.4%
- FELLESFORBUNDET AVD. 650 · 7.8%
- FELLESFORBUNDET AVD 103 RINGSAKER · 6.5%
- HAMAR ARBEIDERPARTI · 4.4%
- HEDMARKEN NNN AVDELIN 26 · 2.6%
- HEDMARK HANDEL OG KONTOR AVD 2 · 2.4%
- BRUMUNDDAL OG OMEGN ARBEIDERLAG · 1.9%
- FAGFORBUNDET INNLANDET · 1.8%
- FAGFORBUNDET HAMAR AVD 139 · 1.8%
- RINGSAKER ARBEIDERPARTI · 1.6%
Change 2007–2025:
37% of the shares changed owner (71 new and 0 departed owners).
New owners (companies): ALVDAL ARBEIDERPARTI, ARBEIDERBEVEGELSENS PRESSEFORBUND AVD HAMAR, ARBEIDERLAGET SAMHOLD/OTTESTAD, AUF I INNLANDET, BANEPERSONALETS FORENING OSLO
Majority owner of: Upday AS (100%), G64 Vekst AS (100%), Hamar Arbeiderblad AS (100%), Sør-Østerdal Media AS (100%), Flisa Trykkeri AS (100%), Info Innlandet AS (100%)
The portfolio: 8 of the companies it owns shares in have accounts with us, 3 of them as majority owner. The average index is 53. 0 have negative equity and 2 made a loss in the latest year.
Holds shares in: Peer Gynt AS (0%), Hamar Arbeiderblad AS (100%), Klosser Innovasjon AS (3%), Upday AS (100%), Info Innlandet AS (100%), Kvadraturen Hamar AS (50%), Ntb AS (1%), Sør-Østerdal Media AS (100%)
The owners' shares do not add up to the company's total number of shares in the source.
Source: the Norwegian Tax Administration's shareholder register as of 2025. Figures may be older than today's ownership. Private persons are not shown by name.
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 30 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 31 | 25 | 22 | |
| Rank | 3,186 | 3,697 | 3,844 | |
| Operating margin | −98.5% | −87.5% | −176.0% | |
| Return on assets | −14.2% | −12.3% | −4.0% | |
| Equity ratio | 48.7% | 32.6% | 51.1% | |
| Current ratio | 0.50 | 0.45 | 0.58 | |
| Revenue growth | – | 16.7% | −63.6% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 31.3 MNOK | 36.5 MNOK | 13.3 MNOK |
| Operating profit | −30.9 MNOK | −32.0 MNOK | −23.4 MNOK |
| Profit before tax | −29.4 MNOK | −32.0 MNOK | −17.9 MNOK |
| Tax expense | −6.7 MNOK | −7.3 MNOK | −2.7 MNOK |
| Net profit | −22.8 MNOK | −24.7 MNOK | −15.2 MNOK |
| Financial expenses | 0.1 MNOK | 3.4 MNOK | 10.3 MNOK |
| Total assets | 205.9 MNOK | 231.5 MNOK | 190.4 MNOK |
| Current assets | 35.5 MNOK | 69.6 MNOK | 35.1 MNOK |
| Equity | 100.2 MNOK | 75.5 MNOK | 97.4 MNOK |
| Retained earnings | 74.3 MNOK | 49.6 MNOK | 31.8 MNOK |
| Total liabilities | 105.7 MNOK | 156.0 MNOK | 93.1 MNOK |
| Current liabilities | 70.6 MNOK | 155.9 MNOK | 60.8 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 30 October 2026, accounts id 7226586.
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