Ingolf Thune AS
Score · fiscal year 2025
64of 100
How to read this: the company is ahead of 78 % of companies in the Morning class Medium in the same sector in 2025. What does this mean?
Rank in the Morning class Medium: 78 of 349 · What are Morning company classes?
Place in the whole sector: 321 of 1,364 · Transport og lagring
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 63 and solidity 54 out of 100 among companies in the Morning class Medium in the same sector in 2025. Methodology
Against the sector
Ingolf Thune AS is 14 points above the median for companies in the Morning class Medium in the same sector in 2025.
Median score 50 among 349 companies.
Against companies in the Morning class Medium in the same sector in 2025: operating margin 9.6% (median 3.7%) and equity ratio 28.4% (median 25.8%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 83 MNOK | 114 MNOK |
| Operating margin | 9.6% | 3.7% |
| Profit margin | 4.4% | 3.3% |
| Return on assets | 7.2% | 8.4% |
| Equity ratio | 28.4% | 25.8% |
| Debt-to-equity | 2.52 | 2.86 |
| Current ratio | 1.90 | 1.26 |
| Revenue growth | 22.9% | 8.8% |
| Revenue per employee | 0.90 MNOK | 1.85 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 64, Ingolf Thune AS does better than 78% of companies in the Morning class Medium in the same sector (349 companies) in 2025.
Score 2023–2025
- Ingolf Thune AS
- Median: companies in the Morning class Medium in the same sector
Ingolf Thune AS has a score of 64 for 2025, rank 321 of 1,364 in the sector.
Strongest: Liquidity: percentile 84 against peers, current ratio 1.90 against a median of 1.26. Growth: percentile 80 against peers, revenue growth 22.9% against a median of 8.8%.
No area is clearly below its peers.
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
Ingolf Thune AS had an operating margin of 9.6% and an equity ratio of 28.4% in 2025, and ranks 321 of 1,364 in Transport og lagring.
From 2024 to 2025: the operating margin rose from 2.5% to 9.6% and revenue grew by 23%.
Ingolf Thune AS did better than the sector in 2025, the sector's weakest year.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 28 MNOK and 34 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 28 MNOK |
| EV/EBIT | 8.0 | debt above value |
| P/B | 1.0 | 34 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 5.8% 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
The operating margin was 9.6% in 2025 (sector median 3.9%), and the equity ratio 28.4%. In the other years the operating margin averaged 3.5%.
The sector's weakest year was 2025, with a median operating margin of 3.9%. 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 | 63 | weight 30% |
|---|---|---|
| Solidity | 54 | weight 25% |
| Liquidity | 84 | weight 15% |
| Growth | 80 | weight 15% |
| Consistency | 47 | 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 Ingolf Thune AS?
The operating margin was 9.6% in 2025, against a median of 3.7% among companies in the Morning class Medium in the same sector. Return on assets was 7.2%.
How solid is Ingolf Thune AS?
The equity ratio was 28.4% in 2025 (median 25.8%). Debt-to-equity was 2.52 (median 2.86).
What is the liquidity of Ingolf Thune AS like?
The current ratio was 1.90 in 2025 (median 1.26).
How does Ingolf Thune AS compare in Transport og lagring?
Ingolf Thune AS ranks 321 of 1,364 in Transport og lagring for 2025. Among companies in the Morning class Medium it is number 78 of 349. Revenue changed by 22.9% from the year before.
From the Central Coordinating Register
- Org. no.
- 931016091
- Legal form
- AS
- Sector
- Transport og lagring (49.410)
- Morning company class
- Medium
- Employees
- 92 registered 10 October 2026
- Founded
- 2 January 1979 47 years in operation
- Share capital
- 0.49 MNOK
- Business address
- Maridalsveien 1, 8530 BJERKVIK (NARVIK)
- Municipality
- Narvik rank 16–25 of 27 in KOSTRA group 9
- 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.
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 1 November 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 64 | 44 | 64 | |
| Rank | 373 | 836 | 321 | |
| Operating margin | 4.5% | 2.5% | 9.6% | |
| Return on assets | 7.2% | 4.1% | 7.2% | |
| Equity ratio | 34.0% | 28.6% | 28.4% | |
| Current ratio | 2.00 | 2.16 | 1.90 | |
| Revenue growth | – | −40.4% | 22.9% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 113.3 MNOK | 67.6 MNOK | 83.1 MNOK |
| Operating profit | 5.1 MNOK | 1.7 MNOK | 8.0 MNOK |
| Profit before tax | 3.6 MNOK | 1.2 MNOK | 3.6 MNOK |
| Net profit | 3.0 MNOK | 1.4 MNOK | 2.8 MNOK |
| Financial expenses | 3.6 MNOK | 3.9 MNOK | 4.9 MNOK |
| Total assets | 99.5 MNOK | 123.4 MNOK | 118.0 MNOK |
| Current assets | 26.7 MNOK | 22.6 MNOK | 21.1 MNOK |
| Equity | 33.9 MNOK | 35.3 MNOK | 33.5 MNOK |
| Retained earnings | 28.5 MNOK | 29.9 MNOK | 32.7 MNOK |
| Total liabilities | 65.6 MNOK | 88.1 MNOK | 84.5 MNOK |
| Current liabilities | 13.4 MNOK | 10.5 MNOK | 11.1 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 1 November 2026, accounts id 7190525.
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