TH FINANS AS
Score · fiscal year 2025
52of 100
How to read this: the company is ahead of 54 % of small companies in the same sector in 2025. What does this mean?
Rank: 18,064 of 38,670 · Handel
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 72 and solidity 21 out of 100 among small companies in the same sector in 2025. Methodology
Against the sector
TH FINANS AS is 2 points above the median for small companies in the same sector in 2025.
Median score 50 among 36,110 companies.
Against small companies in the same sector in 2025: operating margin 20.1% (median 2.5%) and equity ratio 12.1% (median 38.3%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 1 MNOK | 3 MNOK |
| Operating margin | 20.1% | 2.5% |
| Profit margin | −1.2% | 2.2% |
| Return on assets | 7.0% | 4.0% |
| Equity ratio | 12.1% | 38.3% |
| Debt-to-equity | 7.23 | 0.99 |
| Current ratio | 32.66 | 1.70 |
| Revenue growth | −17.2% | 3.5% |
The median and “ahead of” refer to small companies in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 52, TH FINANS AS does better than 54% of small companies in the same sector (36,579 companies) in 2025.
Score 2023–2025
- TH FINANS AS
- Median: small companies in the same sector
TH FINANS AS has a score of 52 for 2025, rank 18,064 of 38,670 in the sector.
Strongest: Liquidity: percentile 95 against peers, current ratio 32.66 against a median of 1.70. Profitability: percentile 72 against peers, operating margin 20.1% against a median of 2.5%.
Weakest: Growth: percentile 20 against peers, revenue growth −17.2% against a median of 3.5%. Solidity: percentile 21 against peers, equity ratio 12.1% against a median of 38.3%.
Worth a closer look
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin −1.2% (median 2.2%).
- What lies behind weak growth, and will it last?
- 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
TH FINANS AS had an operating margin of 20.1% and an equity ratio of 12.1% in 2025, and ranks 18,064 of 38,670 in Handel.
From 2024 to 2025: went from a profit to a loss before tax and the operating margin fell from 25.7% to 20.1%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 0 MNOK and 3 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | 3 MNOK |
| P/B | 1.0 | 0 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 company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −1.2% (median 2.2%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 8.4% 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
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 −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 | 72 | weight 30% |
|---|---|---|
| Solidity | 21 | weight 25% |
| Liquidity | 95 | weight 15% |
| Growth | 20 | weight 15% |
| Consistency | 51 | weight 15% |
Durability: 57 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is TH FINANS AS?
The operating margin was 20.1% in 2025, against a median of 2.5% among small companies in the same sector. Return on assets was 7.0%. The company made a loss before tax.
How solid is TH FINANS AS?
The equity ratio was 12.1% in 2025 (median 38.3%). Debt-to-equity was 7.23 (median 0.99).
What is the liquidity of TH FINANS AS like?
The current ratio was 32.66 in 2025 (median 1.70).
How does TH FINANS AS compare in Handel?
TH FINANS AS ranks 18,064 of 38,670 in Handel for 2025. Among companies of the same size (small companies) it ranks 16,940 of 36,579. Revenue changed by −17.2% from the year before.
From the Central Coordinating Register
- Org. no.
- 929231341
- Legal form
- AS
- Sector
- Handel (47.810)
- Size tier
- small
- Employees
- 0–4 (not registered)
- Founded
- 19 April 2022 4 years in operation
- Share capital
- 0.20 MNOK
- Business address
- Myrkdalsvegen 808, 5713 VOSSESTRAND
- Municipality
- Voss rank 1–16 of 38 in KOSTRA group 7
- Audit
- Audit opted out from 19 May 2022
- 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
- Leif Erik Haukeland
- Chair of the board
- Leif Erik Haukeland
- Board member
- Linda Tufte
- Accountant
- FADNES REKNESKAP 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 27 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 56 | 63 | 52 | |
| Rank | 13,728 | 9,223 | 18,064 | |
| Operating margin | 28.3% | 25.7% | 20.1% | |
| Return on assets | 9.2% | 9.3% | 7.0% | |
| Equity ratio | 11.5% | 10.7% | 12.1% | |
| Current ratio | 20.07 | 20.92 | 32.66 | |
| Revenue growth | – | 40.1% | −17.2% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 1.0 MNOK | 1.4 MNOK | 1.2 MNOK |
| Operating profit | 0.3 MNOK | 0.4 MNOK | 0.2 MNOK |
| Profit before tax | 0.2 MNOK | 0.1 MNOK | 0.0 MNOK |
| Net profit | 0.2 MNOK | 0.1 MNOK | 0.0 MNOK |
| Financial expenses | 0.1 MNOK | 0.3 MNOK | 0.2 MNOK |
| Total assets | 3.1 MNOK | 3.9 MNOK | 3.3 MNOK |
| Current assets | 0.8 MNOK | 1.0 MNOK | 1.2 MNOK |
| Equity | 0.3 MNOK | 0.4 MNOK | 0.4 MNOK |
| Retained earnings | 0.2 MNOK | 0.2 MNOK | 0.2 MNOK |
| Total liabilities | 2.7 MNOK | 3.5 MNOK | 2.9 MNOK |
| Current liabilities | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 27 October 2026, accounts id 6520291.
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