FH Services AS
Score · fiscal year 2024
50of 100
How to read this: the company is ahead of 51 % of companies in the Morning class Medium in the same sector in 2024. What does this mean?
Rank in the Morning class Medium: 83 of 167 · What are Morning company classes?
Place in the whole sector: 1,100 of 2,261 · Revisjon, regnskap og rådgivning
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 12 and solidity 55 out of 100 among companies in the Morning class Medium in the same sector in 2024. Methodology
Against the sector
FH Services AS is at the median for companies in the Morning class Medium in the same sector in 2024.
Median score 50 among 167 companies.
Against companies in the Morning class Medium in the same sector in 2024: operating margin 0.2% (median 9.3%) and equity ratio 28.7% (median 23.4%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 54 MNOK | 76 MNOK |
| Operating margin | 0.2% | 9.3% |
| Profit margin | 0.6% | 9.3% |
| Return on assets | 2.4% | 21.9% |
| Equity ratio | 28.7% | 23.4% |
| Debt-to-equity | 2.48 | 3.21 |
| Current ratio | 1.40 | 1.16 |
| Revenue growth | 89.2% | 10.4% |
| Revenue per employee | 0.85 MNOK | 2.14 MNOK |
The median and “ahead of” refer to companies in the Morning class Medium in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
With an index of 50, FH Services AS does better than 51% of companies in the Morning class Medium in the same sector (167 companies) in 2024.
Score 2023–2025
- FH Services AS
- Median: companies in the Morning class Medium in the same sector
What the numbers say
FH Services AS had an operating margin of 0.2% and an equity ratio of 28.7% in 2024, and ranks 1,100 of 2,261 in Revisjon, regnskap og rådgivning.
From 2023 to 2024: revenue grew by 89% and the equity ratio rose from −9.1% to 28.7%.
This text is generated automatically from the 2024 accounts.
Three simple methods
The methods give between 3 MNOK and 9 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 22.4 | 9 MNOK |
| EV/EBIT | 17.4 | 3 MNOK |
| P/B | 4.1 | 9 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
- watch
The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors?
Based on: Operating margin 0.2% (median 9.3%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 0.6% of the debt in 2024. The policy rate averaged 4.50 % 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 2026, the sector's weakest year, for this company.
The sector's weakest year was 2026, with a median operating margin of 5.4%. Based on the 7 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 12 | weight 30% |
|---|---|---|
| Solidity | 55 | weight 25% |
| Liquidity | 67 | weight 15% |
| Growth | 96 | weight 15% |
| Consistency | 55 | weight 15% |
Durability: 30 (average over 2 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is FH Services AS?
The operating margin was 0.2% in 2024, against a median of 9.3% among companies in the Morning class Medium in the same sector. Return on assets was 2.4%.
How solid is FH Services AS?
The equity ratio was 28.7% in 2024 (median 23.4%). Debt-to-equity was 2.48 (median 3.21).
What is the liquidity of FH Services AS like?
The current ratio was 1.40 in 2024 (median 1.16).
How does FH Services AS compare in Revisjon, regnskap og rådgivning?
FH Services AS ranks 1,100 of 2,261 in Revisjon, regnskap og rådgivning for 2024. Among companies in the Morning class Medium it is number 83 of 167. Revenue changed by 89.2% from the year before.
From the Central Coordinating Register
- Org. no.
- 919904887
- Legal form
- AS
- Sector
- Revisjon, regnskap og rådgivning (70.200)
- Morning company class
- Medium
- Employees
- 63 registered 10 October 2026
- Founded
- 7 August 2017 9 years in operation
- Share capital
- 0.63 MNOK
- Business address
- Ruseløkkveien 30, 0251 OSLO
- Municipality
- Oslo rank 63–220 of 357 in Norway
- 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
Loading roles …
Source: Central Coordinating Register, fetched 31 October 2026. Only names are shown.
Shareholders (2025)
- Number of shareholders
- 1 (one owner)
- Largest owner
- 100.0%
- Split
- companies 100% · private persons 0% · foreign 0%
- Owned from the same municipality
- 100%
- Group chain
-
Owned by: FH Kapital Holding AS (100%)
Ultimate owner: SÖDERBERG & Partners Holding AB
- FH Kapital Holding AS · 100.0%
The company is new in the shareholder register in 2025.
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 2 November 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 11 | 50 | 54 | |
| Rank | 2,139 | 1,100 | 941 | |
| Operating margin | 1.2% | 0.2% | 6.7% | |
| Return on assets | 11.4% | 2.4% | 23.6% | |
| Equity ratio | −9.1% | 28.7% | 37.2% | |
| Current ratio | 0.92 | 1.40 | 0.99 | |
| Revenue growth | – | 89.2% | 37.2% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 28.4 MNOK | 53.8 MNOK | 73.8 MNOK |
| Operating profit | 0.4 MNOK | 0.1 MNOK | 4.9 MNOK |
| Profit before tax | 0.4 MNOK | 0.3 MNOK | 5.3 MNOK |
| Tax expense | 0.0 MNOK | −1.0 MNOK | 1.2 MNOK |
| Net profit | 0.4 MNOK | 1.3 MNOK | 4.1 MNOK |
| Financial expenses | 0.1 MNOK | 0.1 MNOK | – |
| Total assets | 4.3 MNOK | 14.7 MNOK | 22.4 MNOK |
| Current assets | 4.3 MNOK | 14.7 MNOK | 13.9 MNOK |
| Equity | −0.4 MNOK | 4.2 MNOK | 8.3 MNOK |
| Retained earnings | −6.6 MNOK | −5.3 MNOK | −1.2 MNOK |
| Total liabilities | 4.7 MNOK | 10.5 MNOK | 14.1 MNOK |
| Current liabilities | 4.7 MNOK | 10.5 MNOK | 14.1 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 2 November 2026, accounts id 5830793.
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