HEIDENREICH AS
Score · fiscal year 2025
40of 100
How to read this: the company is ahead of 25 % of large companies in the same sector in 2025. What does this mean?
Rank: 26,476 of 38,671 · Handel
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 0 and solidity 54 out of 100 among large companies in the same sector in 2025. Methodology
Against the sector
HEIDENREICH AS is 10 points below the median for large companies in the same sector in 2025.
Median score 50 among 362 companies.
Against large companies in the same sector in 2025: operating margin −9.2% (median 2.1%) and equity ratio 37.3% (median 34.6%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 2,238 MNOK | 2,073 MNOK |
| Operating margin | −9.2% | 2.1% |
| Profit margin | −9.3% | 2.1% |
| Return on assets | −21.0% | 8.4% |
| Equity ratio | 37.3% | 34.6% |
| Debt-to-equity | 1.68 | 1.85 |
| Current ratio | 3.27 | 1.27 |
| Revenue growth | 12.0% | 6.5% |
| Revenue per employee | 7.15 MNOK | 15.47 MNOK |
The median and “ahead of” refer to large companies in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 40, HEIDENREICH AS does better than 25% of large companies in the same sector (362 companies) in 2025.
Score 2023–2025
- HEIDENREICH AS
- Median: large companies in the same sector
HEIDENREICH AS has a score of 40 for 2025, rank 26,476 of 38,671 in the sector.
Strongest: Liquidity: percentile 91 against peers, current ratio 3.27 against a median of 1.27. Growth: percentile 72 against peers, revenue growth 12.0% against a median of 6.5%.
Weakest: Profitability: percentile 0 against peers, operating margin −9.2% against a median of 2.1%. Consistency: percentile 12 against peers.
Worth a closer look
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin −9.3% (median 2.1%).
- The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors? Based on: operating margin −9.2% (median 2.1%).
- What lies behind weak profitability, 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
HEIDENREICH AS had an operating margin of −9.2% and an equity ratio of 37.3% in 2025, and ranks 26,476 of 38,671 in Handel.
From 2024 to 2025: the equity ratio fell from 66.1% to 37.3% and revenue grew by 12%.
This text is generated automatically from the 2025 accounts.
Three simple methods
One method gives a figure: 330 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 330 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 −9.3% (median 2.1%).
- watch
The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors?
Based on: Operating margin −9.2% (median 2.1%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 4.0% 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.
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 | 0 | weight 30% |
|---|---|---|
| Solidity | 54 | weight 25% |
| Liquidity | 91 | weight 15% |
| Growth | 72 | weight 15% |
| Consistency | 12 | weight 15% |
Durability: 43 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is HEIDENREICH AS?
The operating margin was −9.2% in 2025, against a median of 2.1% among large companies in the same sector. Return on assets was −21.0%. The company made a loss before tax.
How solid is HEIDENREICH AS?
The equity ratio was 37.3% in 2025 (median 34.6%). Debt-to-equity was 1.68 (median 1.85).
What is the liquidity of HEIDENREICH AS like?
The current ratio was 3.27 in 2025 (median 1.27).
How does HEIDENREICH AS compare in Handel?
HEIDENREICH AS ranks 26,476 of 38,671 in Handel for 2025. Among companies of the same size (large companies) it ranks 270 of 362. Revenue changed by 12.0% from the year before.
Group accounts
The company is registered as part of a group, but we have no group accounts for it. Group accounts are filed by the parent company, and open data does not say which company that is.
Read the figures with care: a company in a group can look strong because of group contributions, or weak because dividends go up to the parent. The figures are indications, not the full picture.
We do not show the group structure, because open data does not say who owns whom.
Public contracts
- Contracts awarded since 2024
- 9
- Total awarded value since 2024
- 15.0 MNOK
- 1 contracts without a stated value are not in the total.
- Framework agreements
- 7
- Left out of the total: the value is a ceiling, not actual spend.
| Date | Buyer | Notice | Value |
|---|---|---|---|
| 25 June 2026 | Eigersund Kommune | Rammeavtale - Rør og rørdeler | 16.0 MNOK (framework) |
| 1 March 2026 | NTNU | VVS/VA Materiell - Rammeavtale | 14.0 MNOK (framework) |
| 20 January 2026 | Drammen kommune | Rør og rørdeler, rammeavtale | 100.0 MNOK (framework) |
| 19 December 2025 | Vennesla Kommune | Rammeavtale VA – materiell (rørdeler, gategods) | 15.0 MNOK |
| 18 November 2025 | OFA IKS | Rammeavtale for kjøp av VA-materiell | 0.4 MNOK (framework) |
| 28 April 2025 | Lillehammer Kommune | Rammeavtale for levering av VA/VVS-materiell | value not stated |
| 22 April 2025 | Stiftelsen Tradebroker | VVS og VA materiell | value not stated |
| 22 April 2025 | VESTBY KOMMUNE | VA og VVS materiell | value not stated |
| 31 July 2024 | Alta kommune | Anskaffelse rammeavtale VA-materiell Alta kommune 2024 | value not stated |
| 13 June 2023 | Værnesregionen Innkjøp | Kjøp av rørdeler (VVS og VMT) | value not stated |
Based on notices in Doffin. Does not show call-offs under framework agreements or purchases below the publication threshold. Values are as stated by the buyer.
Source: Doffin (DFØ), fetched 28 October 2026. Winners are matched on organisation number.
Contains data under the Norwegian licence for public data (NLOD 2.0) made available by Doffin/the Norwegian Agency for Public and Financial Management (DFØ). NLOD 2.0
From the Central Coordinating Register
- Org. no.
- 947579754
- Legal form
- AS · part of a group
- Sector
- Handel (46.840)
- Size tier
- large
- Employees
- 313 registered 10 September 2026
- Founded
- 10 June 1988 38 years in operation
- Share capital
- 28.30 MNOK
- Business address
- Industriveien 6, 2020 SKEDSMOKORSET (LILLESTRØM)
- Municipality
- Lillestrøm rank 4–9 of 11 in KOSTRA group 12
- Latest accounts filed
- 2025
- Website
- www.heidenreich.no
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
- Roger Lunde
- Chair of the board
- Kåre Ivar Olsen Malo
- Board member
- Karin Eilertsen
- Board member
- Mats Orud Johansen
- Board member
- Erik Aleksander Aas
- Board member
- Sven Kruse
- Board member
- Anita Kristiansen
- Board member
- Mette Hareide
- Board member
- Uwe Niederpruem
- Deputy member
- Per Arild Korneliussen
- Deputy member
- Frode Rønning
- Deputy member
- Oda Cicilie Trodal Aarsand
- Deputy member
- Runar Ferner Svorkmo
- Deputy member
- Stine Stene Nielsen
- Auditor
- BDO AS
Source: Central Coordinating Register, fetched 25 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 28 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 45 | 44 | 40 | |
| Rank | 20,319 | 23,020 | 26,476 | |
| Operating margin | 0.5% | −6.9% | −9.2% | |
| Return on assets | 3.4% | −14.9% | −21.0% | |
| Equity ratio | 42.2% | 66.1% | 37.3% | |
| Current ratio | 1.91 | 2.28 | 3.27 | |
| Revenue growth | – | −3.8% | 12.0% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 2,078.0 MNOK | 1,998.1 MNOK | 2,237.9 MNOK |
| Operating profit | 9.5 MNOK | −137.3 MNOK | −204.8 MNOK |
| Profit before tax | 2.0 MNOK | −136.3 MNOK | −207.3 MNOK |
| Net profit | 2.0 MNOK | −136.8 MNOK | −207.3 MNOK |
| Financial expenses | 30.8 MNOK | 15.2 MNOK | 22.2 MNOK |
| Total assets | 968.5 MNOK | 812.9 MNOK | 883.7 MNOK |
| Current assets | 777.0 MNOK | 626.9 MNOK | 669.7 MNOK |
| Equity | 408.6 MNOK | 537.4 MNOK | 329.6 MNOK |
| Retained earnings | 6.1 MNOK | −140.0 MNOK | −347.9 MNOK |
| Total liabilities | 559.9 MNOK | 275.5 MNOK | 554.1 MNOK |
| Current liabilities | 407.5 MNOK | 275.5 MNOK | 204.7 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 28 October 2026, accounts id 7176905.
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