GSM TOWERS AS
Score · fiscal year 2025
52of 100
How to read this: the company is ahead of 56 % of medium-sized companies in the same sector in 2025. What does this mean?
Rank: 14,070 of 30,442 · Handel
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 96 and solidity 4 out of 100 among medium-sized companies in the same sector in 2025. Methodology
Against the sector
GSM TOWERS AS is 2 points above the median for medium-sized companies in the same sector in 2025.
Median score 50 among 1,664 companies.
Against medium-sized companies in the same sector in 2025: operating margin 20.2% (median 3.1%) and equity ratio 3.2% (median 32.6%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 209 MNOK | 176 MNOK |
| Operating margin | 20.2% | 3.1% |
| Profit margin | 19.3% | 3.1% |
| Return on assets | 40.7% | 11.3% |
| Equity ratio | 3.2% | 32.6% |
| Debt-to-equity | 30.47 | 2.02 |
| Current ratio | 1.03 | 1.38 |
| Revenue growth | 41.5% | 6.7% |
The median and “ahead of” refer to medium-sized companies in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 52, GSM TOWERS AS does better than 56% of medium-sized companies in the same sector (1,668 companies) in 2025.
Score 2023–2025
- GSM TOWERS AS
- Median: medium-sized companies in the same sector
GSM TOWERS AS has a score of 52 for 2025, rank 14,070 of 30,442 in the sector.
Strongest: Profitability: percentile 96 against peers, operating margin 20.2% against a median of 3.1%. Growth: percentile 90 against peers, revenue growth 41.5% against a median of 6.7%.
Weakest: Solidity: percentile 4 against peers, equity ratio 3.2% against a median of 32.6%. Liquidity: percentile 20 against peers, current ratio 1.03 against a median of 1.38.
Worth a closer look
- The equity ratio is very low. Could the company absorb a bad year, and does it need more equity? Based on: equity ratio 3.2% (median 32.6%).
- Strong growth with weak liquidity. Is the growth financed, or does it tie up capital the company does not have? Based on: revenue growth 41.5% (median 6.7%); current ratio 1.03 (median 1.38).
- What lies behind weak solidity, 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
GSM TOWERS AS had an operating margin of 20.2% and an equity ratio of 3.2% in 2025, and ranks 14,070 of 30,442 in Handel.
From 2024 to 2025: revenue grew by 41% and the operating margin rose from 15.3% to 20.2%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 4 MNOK and 345 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 314 MNOK |
| EV/EBIT | 8.0 | 345 MNOK |
| P/B | 1.0 | 4 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
The equity ratio is very low. Could the company absorb a bad year, and does it need more equity?
Based on: Equity ratio 3.2% (median 32.6%).
- watch
Strong growth with weak liquidity. Is the growth financed, or does it tie up capital the company does not have?
Based on: Revenue growth 41.5% (median 6.7%); Current ratio 1.03 (median 1.38).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Data quality
No anomalies found in the figures.
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 −134.9%. 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 | 96 | weight 30% |
|---|---|---|
| Solidity | 4 | weight 25% |
| Liquidity | 20 | weight 15% |
| Growth | 90 | weight 15% |
| Consistency | 38 | weight 15% |
Durability: 50 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is GSM TOWERS AS?
The operating margin was 20.2% in 2025, against a median of 3.1% among medium-sized companies in the same sector. Return on assets was 40.7%.
How solid is GSM TOWERS AS?
The equity ratio was 3.2% in 2025 (median 32.6%). Debt-to-equity was 30.47 (median 2.02).
What is the liquidity of GSM TOWERS AS like?
The current ratio was 1.03 in 2025 (median 1.38).
How does GSM TOWERS AS compare in Handel?
GSM TOWERS AS ranks 14,070 of 30,442 in Handel for 2025. Among companies of the same size (medium-sized companies) it ranks 731 of 1,668. Revenue changed by 41.5% from the year before.
From the Central Coordinating Register
- Org. no.
- 919613858
- Legal form
- AS
- Sector
- Handel (46.500)
- Size tier
- medium
- Employees
- 0–4 (not registered)
- Founded
- 16 August 2017 9 years in operation
- Share capital
- 0.03 MNOK
- Business address
- Hegnasletta 11, 3217 SANDEFJORD
- Municipality
- Sandefjord rank 2–6 of 10 in KOSTRA group 11
- Latest accounts filed
- 2025
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
- Christian Strømme
- Auditor
- FGH REVISJON AS
Source: Central Coordinating Register, fetched 25 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 | 43 | 54 | 52 | |
| Rank | 16,221 | 12,190 | 14,070 | |
| Operating margin | 11.0% | 15.3% | 20.2% | |
| Return on assets | 24.4% | 41.5% | 40.7% | |
| Equity ratio | 5.0% | 4.9% | 3.2% | |
| Current ratio | 1.05 | 1.05 | 1.03 | |
| Revenue growth | – | 32.1% | 41.5% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 111.8 MNOK | 147.7 MNOK | 208.9 MNOK |
| Operating profit | 12.3 MNOK | 22.5 MNOK | 42.3 MNOK |
| Profit before tax | 12.4 MNOK | 27.8 MNOK | 40.3 MNOK |
| Net profit | 9.7 MNOK | 21.7 MNOK | 31.4 MNOK |
| Financial expenses | 5.2 MNOK | 3.1 MNOK | 6.1 MNOK |
| Total assets | 72.2 MNOK | 74.5 MNOK | 114.2 MNOK |
| Current assets | 72.2 MNOK | 74.5 MNOK | 114.2 MNOK |
| Equity | 3.6 MNOK | 3.6 MNOK | 3.6 MNOK |
| Retained earnings | – | – | – |
| Total liabilities | 68.5 MNOK | 70.8 MNOK | 110.6 MNOK |
| Current liabilities | 68.5 MNOK | 70.8 MNOK | 110.6 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 7223734.
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