Math Holding AS
Score · fiscal year 2025
Not enough data: Holding company (ranked in the list «Holding and investment companies»)
Based on the annual accounts for 2025
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 0 MNOK | 6 MNOK |
| Operating margin | – | 4.0% |
| Profit margin | – | 3.6% |
| Return on assets | 10.2% | 9.1% |
| Equity ratio | 98.4% | 32.8% |
| Debt-to-equity | 0.02 | 1.63 |
| Current ratio | 26.72 | 1.43 |
| Revenue growth | −100.0% | 6.1% |
The median and “ahead of” refer to companies in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
Score over time
Score over time needs at least two fiscal years with a score. It will appear when next year's figures are fetched or history is imported.
What the numbers say
Math Holding AS had an equity ratio of 98.4% in 2025. The company is not ranked: holding company (ranked in the list «holding and investment companies»).
From 2024 to 2025: revenue fell by 100%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 8 MNOK and 8 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 8 MNOK |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 8 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
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 0.5% 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 2021, the sector's weakest year, for this company.
The sector's weakest year was 2021, with a median operating margin of 1.8%. Based on the 10 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
Questions and answers
How profitable is Math Holding AS?
The operating margin was – in 2025, against a median of 4.0% among companies in the same sector. Return on assets was 10.2%.
How solid is Math Holding AS?
The equity ratio was 98.4% in 2025 (median 32.8%). Debt-to-equity was 0.02 (median 1.63).
What is the liquidity of Math Holding AS like?
The current ratio was 26.72 in 2025 (median 1.43).
From the Central Coordinating Register
- Org. no.
- 922215480
- Legal form
- AS
- Sector
- Bygg og anlegg (43.230)
- Employees
- 0–4 (not registered)
- Founded
- 4 February 2019 7 years in operation
- Share capital
- 0.50 MNOK
- Business address
- Dråpen 16, 3036 DRAMMEN
- Municipality
- Drammen rank 10 of 11 in KOSTRA group 12
- 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
- Chief executive
- Terje Ottesen
- Chair of the board
- Terje Ottesen
- Board member
- Siv Beate Larsen
- Auditor
- ERNST & Young AS
- Accountant
- Ecit Forretningspartner 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 | – | – | – | |
| Rank | – | – | – | |
| Operating margin | – | 11.3% | – | |
| Return on assets | 0.0% | 1.8% | 10.2% | |
| Equity ratio | 98.1% | 97.1% | 98.4% | |
| Current ratio | 26.60 | 5.70 | 26.72 | |
| Revenue growth | – | – | −100.0% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 0.0 MNOK | 0.2 MNOK | 0.0 MNOK |
| Operating profit | −0.1 MNOK | 0.0 MNOK | −0.2 MNOK |
| Profit before tax | −0.1 MNOK | 0.1 MNOK | 0.8 MNOK |
| Net profit | −0.1 MNOK | 0.1 MNOK | 0.8 MNOK |
| Financial expenses | 0.1 MNOK | 0.0 MNOK | 0.0 MNOK |
| Total assets | 7.2 MNOK | 7.4 MNOK | 8.1 MNOK |
| Current assets | 3.5 MNOK | 1.2 MNOK | 3.5 MNOK |
| Equity | 7.1 MNOK | 7.1 MNOK | 8.0 MNOK |
| Retained earnings | 5.5 MNOK | 5.6 MNOK | 6.4 MNOK |
| Total liabilities | 0.1 MNOK | 0.2 MNOK | 0.1 MNOK |
| Current liabilities | 0.1 MNOK | 0.2 MNOK | 0.1 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 7186441.