TLS AS
Score · fiscal year 2025
41of 100
How to read this: the company is ahead of 34 % of small companies in the same sector in 2025. What does this mean?
Rank: 21,665 of 32,581 · Bygg og anlegg
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 38 and solidity 22 out of 100 among small companies in the same sector in 2025. Methodology
Against the sector
TLS AS is 9 points below the median for small companies in the same sector in 2025.
Median score 50 among 31,471 companies.
Against small companies in the same sector in 2025: operating margin 0.4% (median 3.7%) and equity ratio 15.1% (median 36.5%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 1 MNOK | 3 MNOK |
| Operating margin | 0.4% | 3.7% |
| Profit margin | 0.4% | 3.4% |
| Return on assets | 2.5% | 5.7% |
| Equity ratio | 15.1% | 36.5% |
| Debt-to-equity | 5.61 | 1.20 |
| Current ratio | 1.01 | 1.45 |
| Revenue growth | 75.0% | 3.0% |
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 41, TLS AS does better than 34% of small companies in the same sector (31,719 companies) in 2025.
Score 2024–2025
- TLS AS
- Median: small companies in the same sector
TLS AS has a score of 41 for 2025, rank 21,665 of 32,581 in the sector.
Strongest: Growth: percentile 88 against peers, revenue growth 75.0% against a median of 3.0%.
Weakest: Solidity: percentile 22 against peers, equity ratio 15.1% against a median of 36.5%. Liquidity: percentile 30 against peers, current ratio 1.01 against a median of 1.45.
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 75.0% (median 3.0%); current ratio 1.01 (median 1.45).
- 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
TLS AS had an operating margin of 0.4% and an equity ratio of 15.1% in 2025, and ranks 21,665 of 32,581 in Bygg og anlegg.
From 2024 to 2025: went from a loss to a profit before tax and revenue grew by 75%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 0 MNOK and 0 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 0 MNOK |
| EV/EBIT | 8.0 | 0 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
Strong growth with weak liquidity. Is the growth financed, or does it tie up capital the company does not have?
Based on: Revenue growth 75.0% (median 3.0%); Current ratio 1.01 (median 1.45).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 0.3% 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 2022, the sector's weakest year, for this company.
The sector's weakest year was 2022, with a median operating margin of 2.4%. Based on the 10 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 38 | weight 30% |
|---|---|---|
| Solidity | 22 | weight 25% |
| Liquidity | 30 | weight 15% |
| Growth | 88 | weight 15% |
| Consistency | 45 | weight 15% |
Durability: 33 (average over 2 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is TLS AS?
The operating margin was 0.4% in 2025, against a median of 3.7% among small companies in the same sector. Return on assets was 2.5%.
How solid is TLS AS?
The equity ratio was 15.1% in 2025 (median 36.5%). Debt-to-equity was 5.61 (median 1.20).
What is the liquidity of TLS AS like?
The current ratio was 1.01 in 2025 (median 1.45).
How does TLS AS compare in Bygg og anlegg?
TLS AS ranks 21,665 of 32,581 in Bygg og anlegg for 2025. Among companies of the same size (small companies) it ranks 20,899 of 31,719. Revenue changed by 75.0% from the year before.
From the Central Coordinating Register
- Org. no.
- 932806029
- Legal form
- AS
- Sector
- Bygg og anlegg (41.000)
- Size tier
- small
- Employees
- 0–4 (not registered)
- Founded
- 5 November 2023 2 years in operation
- Share capital
- 0.03 MNOK
- Business address
- c/o Regnskap Kristiansand AS, Humleveien 14, 4634 KRISTIANSAND S
- Municipality
- Kristiansand rank 2–6 of 11 in KOSTRA group 12
- Audit
- Audit opted out from 11 January 2024
- 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
- Harald Vingerhagen
- Chair of the board
- Gunnar Torstein Amtedal
- Board member
- Harald Vingerhagen
- Accountant
- REGNSKAP KRISTIANSAND 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 · 2024–2025
| Key figure | 2024 | 2025 | Trend |
|---|---|---|---|
| Index | 26 | 41 | |
| Rank | 26,239 | 21,665 | |
| Operating margin | −0.2% | 0.4% | |
| Return on assets | −0.7% | 2.5% | |
| Equity ratio | 11.4% | 15.1% | |
| Current ratio | 0.91 | 1.01 | |
| Revenue growth | – | 75.0% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2024 | 2025 |
|---|---|---|
| Operating revenue | 0.8 MNOK | 1.4 MNOK |
| Operating profit | 0.0 MNOK | 0.0 MNOK |
| Profit before tax | 0.0 MNOK | 0.0 MNOK |
| Net profit | 0.0 MNOK | 0.0 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK |
| Total assets | 0.2 MNOK | 0.2 MNOK |
| Current assets | 0.2 MNOK | 0.2 MNOK |
| Equity | 0.0 MNOK | 0.0 MNOK |
| Retained earnings | 0.0 MNOK | 0.0 MNOK |
| Total liabilities | 0.2 MNOK | 0.2 MNOK |
| Current liabilities | 0.2 MNOK | 0.2 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 27 October 2026, accounts id 6405695.
Further
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