MIDTNETT AS
Score · fiscal year 2023
29of 100
How to read this: the company is ahead of 14 % of medium-sized companies in the same sector in 2023. What does this mean?
Rank: 690 of 825 · Kraft og energi
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2023, not a verdict on the company. Based on profitability 53 and solidity 19 out of 100 among medium-sized companies in the same sector in 2023. Methodology
Against the sector
MIDTNETT AS is 19 points below the median for medium-sized companies in the same sector in 2023.
Median score 48 among 147 companies.
Against medium-sized companies in the same sector in 2023: operating margin 25.1% (median 21.0%) and equity ratio 21.3% (median 38.7%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 171 MNOK | 203 MNOK |
| Operating margin | 25.1% | 21.0% |
| Profit margin | 20.9% | 18.8% |
| Return on assets | 8.0% | 8.5% |
| Equity ratio | 21.3% | 38.7% |
| Debt-to-equity | 3.69 | 1.57 |
| Current ratio | 0.20 | 1.20 |
| Revenue growth | – | – |
| Revenue per employee | 3.71 MNOK | 10.01 MNOK |
The median and “ahead of” refer to medium-sized companies in the same sector in 2023. The bar shows the share of companies the figure is ahead of.
With an index of 29, MIDTNETT AS does better than 14% of medium-sized companies in the same sector (147 companies) in 2023.
Score 2023–2025
- MIDTNETT AS
- Median: medium-sized companies in the same sector
What the numbers say
MIDTNETT AS had an operating margin of 25.1% and an equity ratio of 21.3% in 2023, and ranks 690 of 825 in Kraft og energi.
MIDTNETT AS did better than the sector in 2025, the sector's weakest year.
This text is generated automatically from the 2023 accounts.
Three simple methods
The methods give between 116 MNOK and 278 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 278 MNOK |
| EV/EBIT | 8.0 | 185 MNOK |
| P/B | 1.0 | 116 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
- critical
Consider strengthening liquidity: current liabilities are 5.1 times current assets.
Based on: Current ratio 0.20 (median 1.20).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 1.9% of the debt in 2023. The policy rate averaged 3.54 % 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
The operating margin was 20.8% in 2025 (sector median 16.0%), and the equity ratio 61.0%. In the other years the operating margin averaged 23.1%.
The sector's weakest year was 2025, with a median operating margin of 16.0%. Based on the 5 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 53 | weight 30% |
|---|---|---|
| Solidity | 19 | weight 25% |
| Liquidity | 5 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 25 | weight 15% |
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is MIDTNETT AS?
The operating margin was 25.1% in 2023, against a median of 21.0% among medium-sized companies in the same sector. Return on assets was 8.0%.
How solid is MIDTNETT AS?
The equity ratio was 21.3% in 2023 (median 38.7%). Debt-to-equity was 3.69 (median 1.57).
What is the liquidity of MIDTNETT AS like?
The current ratio was 0.20 in 2023 (median 1.20). Current assets did not cover current liabilities.
How does MIDTNETT AS compare in Kraft og energi?
MIDTNETT AS ranks 690 of 825 in Kraft og energi for 2023. Among companies of the same size (medium-sized companies) it ranks 127 of 147.
Group accounts
The company is registered as part of a group, but we have no group accounts for it. Group accounts are filed by the parent company, and open data does not say which company that is.
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.
- 917856222
- Legal form
- AS · part of a group
- Sector
- Kraft og energi (35.140)
- Size tier
- medium
- Employees
- 46 registered 10 September 2026
- Founded
- 3 October 2016 10 years in operation
- Share capital
- 10.00 MNOK
- Business address
- Øvre Nedmarken 15, 3370 VIKERSUND (MODUM)
- Municipality
- Modum rank 11–25 of 38 in KOSTRA group 7
- Latest accounts filed
- 2025
- Website
- www.midtnett.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
- Chief executive
- Bjørg Hvidsten
- Chair of the board
- John Arne Haugerud
- Board member
- Anne Catherine Grøterud
- Board member
- Ingunn Dalaker Øderud
- Board member
- Per Bye
- Board member
- Øyvind Skikstein
- Board member
- Øyvin Gravermoen
- Board member
- Anne Kristine Norman
- Board member
- Svein Aannestad
- Board member
- Torstein Aasen
- Board member
- Ann Kristin Lislien
- Deputy member
- Runolv Stegane
- Deputy member
- Kine Marie Dahl
- Deputy member
- Ingunn Krag-Rønne
- Deputy member
- Ken Hellum Halvorsen
- Deputy member
- Robert Bekken
- Deputy member
- Erik Bjørkesett
- Deputy member
- Arne Løvlid
- Deputy member
- Berit Kauserud
- Deputy member
- Emil Næss
- Deputy member
- Hege Gudbrandsen Eizenberger
- Auditor
- CEDRA NORGE 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 | 29 | 60 | 58 | |
| Rank | 690 | 219 | 275 | |
| Operating margin | 25.1% | 21.0% | 20.8% | |
| Return on assets | 8.0% | 6.8% | 6.9% | |
| Equity ratio | 21.3% | 58.9% | 61.0% | |
| Current ratio | 0.20 | 0.69 | 0.71 | |
| Revenue growth | – | 6.4% | 5.7% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 170.6 MNOK | 181.5 MNOK | 192.0 MNOK |
| Operating profit | 42.8 MNOK | 38.2 MNOK | 39.8 MNOK |
| Profit before tax | 35.7 MNOK | 29.8 MNOK | 32.6 MNOK |
| Net profit | 27.8 MNOK | 23.2 MNOK | 25.3 MNOK |
| Financial expenses | 8.1 MNOK | 9.3 MNOK | 9.0 MNOK |
| Total assets | 544.9 MNOK | 578.9 MNOK | 599.0 MNOK |
| Current assets | 53.0 MNOK | 55.4 MNOK | 53.2 MNOK |
| Equity | 116.2 MNOK | 340.9 MNOK | 365.4 MNOK |
| Retained earnings | 9.6 MNOK | 27.6 MNOK | 52.1 MNOK |
| Total liabilities | 428.7 MNOK | 238.0 MNOK | 233.6 MNOK |
| Current liabilities | 269.5 MNOK | 79.7 MNOK | 75.4 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 5216865.
Further
Similar companies
- VOLTE AS index 32, rank 668 · compare
- FORTUM CONSUMER SOLUTIONS AS index 32, rank 674 · compare
- HERØYA NETT AS index 31, rank 684 · compare
- RESERVOIR NEWTON AS index 30, rank 687 · compare
- AXPO NORDIC AS index 28, rank 703 · compare