Høglund AS
Score · fiscal year 2025
49of 100
How to read this: the company is ahead of 47 % of companies in the Morning class Medium in the same sector in 2025. What does this mean?
Rank in the Morning class Medium: 387 of 728 · What are Morning company classes?
Place in the whole sector: 1,653 of 3,132 · Informasjon og kommunikasjon
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 57 and solidity 23 out of 100 among companies in the Morning class Medium in the same sector in 2025. Methodology
Against the sector
Høglund AS is 1 points below the median for companies in the Morning class Medium in the same sector in 2025.
Median score 50 among 728 companies.
Against companies in the Morning class Medium in the same sector in 2025: operating margin 5.6% (median 6.1%) and equity ratio 14.2% (median 30.0%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 329 MNOK | 108 MNOK |
| Operating margin | 5.6% | 6.1% |
| Profit margin | 6.3% | 6.7% |
| Return on assets | 18.8% | 11.9% |
| Equity ratio | 14.2% | 30.0% |
| Debt-to-equity | 6.03 | 2.26 |
| Current ratio | 1.15 | 1.16 |
| Revenue growth | 29.9% | 7.4% |
| Revenue per employee | 4.84 MNOK | 2.96 MNOK |
The median and “ahead of” refer to companies in the Morning class Medium in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 49, Høglund AS does better than 47% of companies in the Morning class Medium in the same sector (728 companies) in 2025.
Score 2023–2025
- Høglund AS
- Median: companies in the Morning class Medium in the same sector
Høglund AS has a score of 49 for 2025, rank 1,653 of 3,132 in the sector.
Strongest: Growth: percentile 86 against peers, revenue growth 29.9% against a median of 7.4%.
Weakest: Solidity: percentile 23 against peers, equity ratio 14.2% against a median of 30.0%. Consistency: percentile 38 against peers.
Worth a closer look
- Strong growth with weak liquidity. Is the growth financed, or does it tie up capital the company does not have? Based on: revenue growth 29.9% (median 7.4%); current ratio 1.15 (median 1.16).
- What lies behind weak solidity, and will it last?
- What lies behind weak consistency, 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
Høglund AS had an operating margin of 5.6% and an equity ratio of 14.2% in 2025, and ranks 1,653 of 3,132 in Informasjon og kommunikasjon.
From 2024 to 2025: revenue grew by 30% and the equity ratio fell from 19.7% to 14.2%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 31 MNOK and 89 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 17.7 | 85 MNOK |
| EV/EBIT | 14.3 | 89 MNOK |
| P/B | 2.6 | 31 MNOK |
The listed basis is the value at listed multiples. The estimate is lowered by 46% for an unlisted company: 20% for lack of marketability and 32% for size (a small-company premium of 3% 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
Strong growth with weak liquidity. Is the growth financed, or does it tie up capital the company does not have?
Based on: Revenue growth 29.9% (median 7.4%); Current ratio 1.15 (median 1.16).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 6.0% 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 2026, the sector's weakest year, for this company.
The sector's weakest year was 2026, with a median operating margin of 4.1%. Based on the 8 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 57 | weight 30% |
|---|---|---|
| Solidity | 23 | weight 25% |
| Liquidity | 49 | weight 15% |
| Growth | 86 | weight 15% |
| Consistency | 38 | weight 15% |
Durability: 44 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Høglund AS?
The operating margin was 5.6% in 2025, against a median of 6.1% among companies in the Morning class Medium in the same sector. Return on assets was 18.8%.
How solid is Høglund AS?
The equity ratio was 14.2% in 2025 (median 30.0%). Debt-to-equity was 6.03 (median 2.26).
What is the liquidity of Høglund AS like?
The current ratio was 1.15 in 2025 (median 1.16).
How does Høglund AS compare in Informasjon og kommunikasjon?
Høglund AS ranks 1,653 of 3,132 in Informasjon og kommunikasjon for 2025. Among companies in the Morning class Medium it is number 387 of 728. Revenue changed by 29.9% from the year before.
Group accounts · 2025
50 of 100
Rank 39 of 67 groups in the Morning class Medium in Informasjon og kommunikasjon. Groups are ranked only against other groups in the same sector and class, never against single companies.
- Operating revenue, group
- 329 MNOK
- Operating profit, group
- 21 MNOK
- Profit before tax, group
- 22 MNOK
- Total assets, group
- 154 MNOK
- Equity, group
- 24 MNOK
| Key figure | The group | The company alone (2025) |
|---|---|---|
| Operating margin | 6.4% | 5.6% |
| Return on assets | 19.2% | 18.8% |
| Equity ratio | 15.5% | 14.2% |
| Current ratio | 1.17 | 1.15 |
| Revenue growth | – | 29.9% |
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.
- 930688452
- Legal form
- AS
- Sector
- Informasjon og kommunikasjon (62.200)
- Morning company class
- Medium
- Employees
- 68 registered 10 September 2026
- Founded
- 1 January 2023 3 years in operation
- Share capital
- 1.50 MNOK
- Business address
- Wirgenes vei 1, 3157 BARKÅKER (TØNSBERG)
- Municipality
- Tønsberg rank 2 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
Loading roles …
Source: Central Coordinating Register, fetched 31 October 2026. Only names are shown.
Shareholders (2025)
- Number of shareholders
- 3 (one owner holds more than half)
- Largest owner
- 84.3%
- Split
- companies 100% · private persons 0% · foreign 0%
- Owned from the same municipality
- 0%
- Group chain
-
Owned by: Eitzen AS (84%)
Ultimate owner: Eitzen AS
- Eitzen AS · 84.3%
- Fjerbaek Holding AS · 14.0%
- Ollimac AS · 1.8%
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 | 27 | 58 | 49 | |
| Rank | 2,506 | 1,007 | 1,653 | |
| Operating margin | −4.4% | 6.6% | 5.6% | |
| Return on assets | 3.4% | 18.2% | 18.8% | |
| Equity ratio | 10.6% | 19.7% | 14.2% | |
| Current ratio | 1.41 | 1.42 | 1.15 | |
| Revenue growth | – | 71.9% | 29.9% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 147.4 MNOK | 253.4 MNOK | 329.2 MNOK |
| Operating profit | −6.5 MNOK | 16.7 MNOK | 18.3 MNOK |
| Profit before tax | −3.7 MNOK | 16.5 MNOK | 20.6 MNOK |
| Tax expense | −0.8 MNOK | 3.4 MNOK | 4.2 MNOK |
| Net profit | −2.9 MNOK | 13.1 MNOK | 16.4 MNOK |
| Financial expenses | 7.6 MNOK | 6.9 MNOK | 7.9 MNOK |
| Total assets | 113.8 MNOK | 128.0 MNOK | 151.8 MNOK |
| Current assets | 104.8 MNOK | 123.3 MNOK | 148.0 MNOK |
| Equity | 12.1 MNOK | 25.2 MNOK | 21.6 MNOK |
| Retained earnings | −2.9 MNOK | 10.1 MNOK | 6.6 MNOK |
| Total liabilities | 101.8 MNOK | 102.9 MNOK | 130.2 MNOK |
| Current liabilities | 74.5 MNOK | 86.8 MNOK | 128.8 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 2 November 2026, accounts id 7220946.
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