Horgi Holding AS
Score · fiscal year 2025
Not enough data: Holding company (ranked in the list «Holding and investment companies»)
Based on the annual accounts for 2025
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 3 MNOK | 3 MNOK |
| Operating margin | 43.2% | 10.0% |
| Profit margin | 364.7% | 10.6% |
| Return on assets | 33.8% | 17.4% |
| Equity ratio | 80.9% | 45.9% |
| Debt-to-equity | 0.24 | 0.99 |
| Current ratio | 5.24 | 1.71 |
| Revenue growth | −2.9% | 5.1% |
The median and “ahead of” refer to companies in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
Score over time
Score over time needs at least two fiscal years with a score. It will appear when next year's figures are fetched or history is imported.
What the numbers say
Horgi Holding AS had an equity ratio of 80.9% in 2025. The company is not ranked: holding company (ranked in the list «holding and investment companies»).
From 2024 to 2025: the equity ratio rose from 71.6% to 80.9% and the operating margin fell from 45.4% to 43.2%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 10 MNOK and 95 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 95 MNOK |
| EV/EBIT | 8.0 | 10 MNOK |
| P/B | 1.0 | 27 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
- positive
Upper quartile on profitability, solidity and liquidity. What sets this company apart from the rest of the sector?
Based on: Operating margin 43.2% (median 10.0%); Equity ratio 80.9% (median 45.9%); Current ratio 5.24 (median 1.71).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 14.1% 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
No anomalies found in 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 7.4%. Based on the 7 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
Questions and answers
How profitable is Horgi Holding AS?
The operating margin was 43.2% in 2025, against a median of 10.0% among companies in the same sector. Return on assets was 33.8%.
How solid is Horgi Holding AS?
The equity ratio was 80.9% in 2025 (median 45.9%). Debt-to-equity was 0.24 (median 0.99).
What is the liquidity of Horgi Holding AS like?
The current ratio was 5.24 in 2025 (median 1.71).
From the Central Coordinating Register
- Org. no.
- 914006678
- Legal form
- AS
- Sector
- Revisjon, regnskap og rådgivning (70.200)
- Morning company class
- Micro
- Employees
- 0–4 (not registered)
- Founded
- 30 July 2014 12 years in operation
- Share capital
- 0.03 MNOK
- Business address
- Rudsveien 16A, 1346 GJETTUM (BÆRUM)
- Municipality
- Bærum rank 1 of 11 in KOSTRA group 12
- Latest accounts filed
- 2025
- LEI
- 5967007LIEEXZXBBZS92 renews 29 September 2027
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.
- Parent company
- No parent company: owned by persons
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 30 October 2026. The parent is the one the company itself reported to GLEIF.
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 30 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | – | – | – | |
| Rank | – | – | – | |
| Operating margin | 36.8% | 45.4% | 43.2% | |
| Return on assets | 41.2% | 42.0% | 33.8% | |
| Equity ratio | 95.9% | 71.6% | 80.9% | |
| Current ratio | 24.57 | 3.53 | 5.24 | |
| Revenue growth | – | 4.3% | −2.9% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 2.8 MNOK | 2.9 MNOK | 2.8 MNOK |
| Operating profit | 1.0 MNOK | 1.3 MNOK | 1.2 MNOK |
| Profit before tax | 11.3 MNOK | 8.1 MNOK | 10.3 MNOK |
| Net profit | 10.9 MNOK | 6.5 MNOK | 9.5 MNOK |
| Financial expenses | −3.3 MNOK | 3.2 MNOK | 0.9 MNOK |
| Total assets | 19.5 MNOK | 26.9 MNOK | 33.1 MNOK |
| Current assets | 19.5 MNOK | 26.9 MNOK | 33.1 MNOK |
| Equity | 18.7 MNOK | 19.3 MNOK | 26.8 MNOK |
| Retained earnings | 18.7 MNOK | 19.2 MNOK | 26.7 MNOK |
| Total liabilities | 0.8 MNOK | 7.6 MNOK | 6.3 MNOK |
| Current liabilities | 0.8 MNOK | 7.6 MNOK | 6.3 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 30 October 2026, accounts id 6663798.