Martin Tvilde AS
Score · fiscal year 2025
65of 100
How to read this: the company is ahead of 78 % of companies in the Morning class Small in the same sector in 2025. What does this mean?
Rank in the Morning class Small: 1,625 of 7,416 · What are Morning company classes?
Place in the whole sector: 4,957 of 22,940 · Handel
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 49 and solidity 86 out of 100 among companies in the Morning class Small in the same sector in 2025. Methodology
Against the sector
Martin Tvilde AS is 14 points above the median for companies in the Morning class Small in the same sector in 2025.
Median score 51 among 7,416 companies.
Against companies in the Morning class Small in the same sector in 2025: operating margin 3.5% (median 3.4%) and equity ratio 70.5% (median 36.3%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 14 MNOK | 20 MNOK |
| Operating margin | 3.5% | 3.4% |
| Profit margin | 9.5% | 3.0% |
| Return on assets | 9.6% | 10.0% |
| Equity ratio | 70.5% | 36.3% |
| Debt-to-equity | 0.42 | 1.51 |
| Current ratio | 2.10 | 1.73 |
| Revenue growth | 5.6% | 5.7% |
| Revenue per employee | 2.71 MNOK | 2.08 MNOK |
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 65, Martin Tvilde AS does better than 78% of companies in the Morning class Small in the same sector (7,416 companies) in 2025.
Score 2023–2025
- Martin Tvilde AS
- Median: companies in the Morning class Small in the same sector
Martin Tvilde AS has a score of 65 for 2025, rank 4,957 of 22,940 in the sector.
Strongest: Solidity: percentile 86 against peers, equity ratio 70.5% against a median of 36.3%. Consistency: percentile 79 against peers.
No area is clearly below its peers.
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
Martin Tvilde AS had an operating margin of 3.5% and an equity ratio of 70.5% in 2025, and ranks 4,957 of 22,940 in Handel.
No large changes in the key figures from 2024 to 2025.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 7 MNOK and 12 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 21.2 | 12 MNOK |
| EV/EBIT | 16.6 | 7 MNOK |
| P/B | 2.2 | 8 MNOK |
The listed basis is the value at listed multiples. The estimate is lowered by 51% for an unlisted company: 20% for lack of marketability and 38% for size (a small-company premium of 4% 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
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 −6.9% 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 1.5%. 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 | 49 | weight 30% |
|---|---|---|
| Solidity | 86 | weight 25% |
| Liquidity | 62 | weight 15% |
| Growth | 50 | weight 15% |
| Consistency | 79 | weight 15% |
Durability: 65 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Martin Tvilde AS?
The operating margin was 3.5% in 2025, against a median of 3.4% among companies in the Morning class Small in the same sector. Return on assets was 9.6%.
How solid is Martin Tvilde AS?
The equity ratio was 70.5% in 2025 (median 36.3%). Debt-to-equity was 0.42 (median 1.51).
What is the liquidity of Martin Tvilde AS like?
The current ratio was 2.10 in 2025 (median 1.73).
How does Martin Tvilde AS compare in Handel?
Martin Tvilde AS ranks 4,957 of 22,940 in Handel for 2025. Among companies in the Morning class Small it is number 1,625 of 7,416. Revenue changed by 5.6% from the year before.
From the Central Coordinating Register
- Org. no.
- 916949650
- Legal form
- AS
- Sector
- Handel (47.520)
- Morning company class
- Small
- Employees
- 5 registered 10 October 2026
- Founded
- 23 February 1957 69 years in operation
- Share capital
- 0.50 MNOK
- Business address
- Regimentsvegen 3, 5705 VOSS
- Municipality
- Voss rank 1–16 of 38 in KOSTRA group 7
- Latest accounts filed
- 2025
- LEI
- 894500BBVA1I6S137Y30 renews 1 July 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 29 October 2026. Only names are shown.
- Parent company
- No parent company: owned by persons
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 31 October 2026. The parent is the one the company itself reported to GLEIF.
Shareholders (2025)
- Number of shareholders
- 2 (one owner holds more than half)
- Largest owner
- 80.0%
- Split
- companies 100% · private persons 0% · foreign 0%
- Owned from the same municipality
- 100%
- Group chain
-
Owned by: Kribi Holding AS (80%)
Ultimate owner: private person
- Kribi Holding AS · 80.0%
- Tvi Holding AS · 20.0%
Change 2007–2025: no material change in the owners.
Holds shares in: DNB Bank ASA (0%), Mestergruppen AS (0%)
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 26 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 64 | 67 | 65 | |
| Rank | 6,024 | 4,203 | 4,957 | |
| Operating margin | 5.8% | 4.0% | 3.5% | |
| Return on assets | 10.9% | 15.5% | 9.6% | |
| Equity ratio | 59.2% | 71.7% | 70.5% | |
| Current ratio | 1.39 | 2.10 | 2.10 | |
| Revenue growth | – | −1.1% | 5.6% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 13.0 MNOK | 12.8 MNOK | 13.5 MNOK |
| Operating profit | 0.7 MNOK | 0.5 MNOK | 0.5 MNOK |
| Profit before tax | 1.2 MNOK | 1.5 MNOK | 1.3 MNOK |
| Tax expense | 0.2 MNOK | 0.1 MNOK | 0.1 MNOK |
| Net profit | 1.0 MNOK | 1.4 MNOK | 1.1 MNOK |
| Financial expenses | – | 0.0 MNOK | −0.2 MNOK |
| Total assets | 10.6 MNOK | 10.0 MNOK | 11.1 MNOK |
| Current assets | 6.0 MNOK | 6.0 MNOK | 6.9 MNOK |
| Equity | 6.3 MNOK | 7.2 MNOK | 7.8 MNOK |
| Retained earnings | 5.8 MNOK | 6.7 MNOK | 7.3 MNOK |
| Total liabilities | 4.3 MNOK | 2.8 MNOK | 3.3 MNOK |
| Current liabilities | 4.3 MNOK | 2.8 MNOK | 3.3 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 6483163.
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