TUNGSTEN AS
Score · fiscal year 2025
43of 100
How to read this: the company is ahead of 34 % of large companies in the same sector in 2025. What does this mean?
Rank: 24,567 of 38,670 · Handel
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 13 and solidity 94 out of 100 among large companies in the same sector in 2025. Methodology
Against the sector
TUNGSTEN AS is 7 points below the median for large companies in the same sector in 2025.
Median score 50 among 362 companies.
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating margin | – | 2.1% |
| Profit margin | – | 2.1% |
| Return on assets | 0.4% | 8.4% |
| Equity ratio | 97.4% | 34.6% |
| Debt-to-equity | 0.03 | 1.85 |
| Current ratio | 0.71 | 1.27 |
| Revenue growth | – | 6.5% |
The median and “ahead of” refer to large companies in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 43, TUNGSTEN AS does better than 34% of large companies in the same sector (362 companies) in 2025.
Score 2023–2025
- TUNGSTEN AS
- Median: large companies in the same sector
TUNGSTEN AS has a score of 43 for 2025, rank 24,567 of 38,670 in the sector.
Strongest: Solidity: percentile 94 against peers, equity ratio 97.4% against a median of 34.6%.
Weakest: Liquidity: percentile 6 against peers, current ratio 0.71 against a median of 1.27. Profitability: percentile 13 against peers.
Worth a closer look
- Consider strengthening liquidity: current liabilities are 1.4 times current assets. Based on: current ratio 0.71 (median 1.27).
- What lies behind weak profitability, 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
TUNGSTEN AS had an operating margin of – and an equity ratio of 97.4% in 2025, and ranks 24,567 of 38,670 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 31 MNOK and 1,429 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 31 MNOK |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 1,429 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
- watch
Consider strengthening liquidity: current liabilities are 1.4 times current assets.
Based on: Current ratio 0.71 (median 1.27).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 4.8% 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.
Data quality
- watch Revenue not reported
- watch No revenue but large assets
Scenario analysis: the sector's weakest year
We have no accounts for 2017, the sector's weakest year, for this company.
The sector's weakest year was 2017, with a median operating margin of −65.6%. 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 | 13 | weight 30% |
|---|---|---|
| Solidity | 94 | weight 25% |
| Liquidity | 6 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 54 | weight 15% |
Durability: 44 (average over 3 years)
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is TUNGSTEN AS?
The operating margin was – in 2025, against a median of 2.1% among large companies in the same sector. Return on assets was 0.4%.
How solid is TUNGSTEN AS?
The equity ratio was 97.4% in 2025 (median 34.6%). Debt-to-equity was 0.03 (median 1.85).
What is the liquidity of TUNGSTEN AS like?
The current ratio was 0.71 in 2025 (median 1.27). Current assets did not cover current liabilities.
How does TUNGSTEN AS compare in Handel?
TUNGSTEN AS ranks 24,567 of 38,670 in Handel for 2025. Among companies of the same size (large companies) it ranks 239 of 362.
Group accounts · 2025
48 of 100
Rank 740 of 1354 groups with group accounts. Groups are ranked only against each other, not against single companies.
- Operating revenue, group
- 1,779 MNOK
- Operating profit, group
- −63 MNOK
- Profit before tax, group
- −76 MNOK
- Total assets, group
- 5,907 MNOK
- Equity, group
- 5,091 MNOK
| Key figure | The group | The company alone (2025) |
|---|---|---|
| Operating margin | −3.5% | – |
| Return on assets | −0.7% | 0.4% |
| Equity ratio | 86.2% | 97.4% |
| Current ratio | 5.08 | 0.71 |
| Revenue growth | −15.9% | – |
Group index in earlier years: 2023: 81 (144 of 1757), 2024: 81 (60 of 1400).
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).
We do not show the group structure, because open data does not say who owns whom.
From the Central Coordinating Register
- Org. no.
- 919490004
- Legal form
- AS
- Sector
- Handel (46.460)
- Size tier
- large
- Employees
- 0–4 (not registered)
- Founded
- 23 June 2017 9 years in operation
- Share capital
- 3.84 MNOK
- Business address
- Parkveien 53A, 0256 OSLO
- Municipality
- Oslo rank 63–221 of 357 in Norway
- Latest accounts filed
- 2025
- LEI
- 254900Q7KMIU0V736298 renews 18 March 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
- Chair of the board
- Harald Høegh
- Deputy member
- Morten Westye Høegh
- Auditor
- DELOITTE AS
- Accountant
- AIDER AS
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 29 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 26 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 35 | 53 | 43 | |
| Rank | 25,044 | 16,158 | 24,567 | |
| Operating margin | – | – | – | |
| Return on assets | 0.3% | 7.2% | 0.4% | |
| Equity ratio | 96.5% | 97.7% | 97.4% | |
| Current ratio | 0.00 | 0.05 | 0.71 | |
| Revenue growth | – | – | – |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | – | – | – |
| Operating profit | −0.4 MNOK | −0.5 MNOK | −0.5 MNOK |
| Profit before tax | 4.9 MNOK | 103.9 MNOK | 3.9 MNOK |
| Net profit | 3.8 MNOK | 103.3 MNOK | 3.1 MNOK |
| Financial expenses | 0.1 MNOK | 1.3 MNOK | 1.8 MNOK |
| Total assets | 1,430.1 MNOK | 1,459.8 MNOK | 1,467.2 MNOK |
| Current assets | 0.1 MNOK | 0.0 MNOK | 0.6 MNOK |
| Equity | 1,380.6 MNOK | 1,425.9 MNOK | 1,429.0 MNOK |
| Retained earnings | 9.2 MNOK | 112.5 MNOK | 115.5 MNOK |
| Total liabilities | 49.4 MNOK | 33.9 MNOK | 38.2 MNOK |
| Current liabilities | 41.1 MNOK | 0.8 MNOK | 0.9 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 7203674.
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