MILDEF AS
Score · fiscal year 2025
68of 100
How to read this: the company is ahead of 86 % of medium-sized companies in the same sector in 2025. What does this mean?
Rank: 5,846 of 38,670 · Handel
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 83 and solidity 55 out of 100 among medium-sized companies in the same sector in 2025. Methodology
Against the sector
MILDEF AS is 19 points above the median for medium-sized companies in the same sector in 2025.
Median score 49 among 2,198 companies.
Against medium-sized companies in the same sector in 2025: operating margin 10.6% (median 3.2%) and equity ratio 36.2% (median 32.6%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 168 MNOK | 173 MNOK |
| Operating margin | 10.6% | 3.2% |
| Profit margin | 10.7% | 3.2% |
| Return on assets | 21.4% | 11.6% |
| Equity ratio | 36.2% | 32.6% |
| Debt-to-equity | 1.77 | 2.03 |
| Current ratio | 1.56 | 1.38 |
| Revenue growth | 92.8% | 6.8% |
| Revenue per employee | 15.31 MNOK | 6.45 MNOK |
The median and “ahead of” refer to medium-sized companies in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 68, MILDEF AS does better than 86% of medium-sized companies in the same sector (2,203 companies) in 2025.
Score 2023–2025
- MILDEF AS
- Median: medium-sized companies in the same sector
MILDEF AS has a score of 68 for 2025, rank 5,846 of 38,670 in the sector.
Strongest: Growth: percentile 96 against peers, revenue growth 92.8% against a median of 6.8%. Profitability: percentile 83 against peers, operating margin 10.6% against a median of 3.2%.
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
MILDEF AS had an operating margin of 10.6% and an equity ratio of 36.2% in 2025, and ranks 5,846 of 38,670 in Handel.
From 2024 to 2025: went from a loss to a profit before tax and revenue grew by 93%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 31 MNOK and 146 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 143 MNOK |
| EV/EBIT | 8.0 | 146 MNOK |
| P/B | 1.0 | 31 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 0.2% 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 | 83 | weight 30% |
|---|---|---|
| Solidity | 55 | weight 25% |
| Liquidity | 60 | weight 15% |
| Growth | 96 | weight 15% |
| Consistency | 42 | weight 15% |
Durability: 56 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is MILDEF AS?
The operating margin was 10.6% in 2025, against a median of 3.2% among medium-sized companies in the same sector. Return on assets was 21.4%.
How solid is MILDEF AS?
The equity ratio was 36.2% in 2025 (median 32.6%). Debt-to-equity was 1.77 (median 2.03).
What is the liquidity of MILDEF AS like?
The current ratio was 1.56 in 2025 (median 1.38).
How does MILDEF AS compare in Handel?
MILDEF AS ranks 5,846 of 38,670 in Handel for 2025. Among companies of the same size (medium-sized companies) it ranks 301 of 2,203. Revenue changed by 92.8% from the year before.
From the Central Coordinating Register
- Org. no.
- 959279772
- Legal form
- AS
- Sector
- Handel (46.500)
- Size tier
- medium
- Employees
- 11 registered 10 July 2026
- Founded
- 20 November 1990 35 years in operation
- Share capital
- 0.10 MNOK
- Business address
- Grev Wedels plass 9, 0151 OSLO
- Municipality
- Oslo rank 63–221 of 357 in Norway
- Latest accounts filed
- 2025
- Website
- www.mildef.com
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
- Fabian Leigh Forster
- Chair of the board
- Daniel Karl Ljunggren
- Board member
- Karin Anna Elisabet Svalander
- Board member
- Anna Viveca Christina Johnsson
- Auditor
- TELL NORGE AS
- Accountant
- FORVIS MAZARS OUTSOURCING 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 28 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 56 | 43 | 68 | |
| Rank | 13,525 | 23,766 | 5,846 | |
| Operating margin | 5.1% | −1.5% | 10.6% | |
| Return on assets | 10.8% | −2.7% | 21.4% | |
| Equity ratio | 31.8% | 47.1% | 36.2% | |
| Current ratio | 1.47 | 1.89 | 1.56 | |
| Revenue growth | – | −23.9% | 92.8% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 114.8 MNOK | 87.4 MNOK | 168.4 MNOK |
| Operating profit | 5.9 MNOK | −1.3 MNOK | 17.8 MNOK |
| Profit before tax | 5.8 MNOK | −1.5 MNOK | 18.0 MNOK |
| Net profit | 4.4 MNOK | −1.5 MNOK | 14.3 MNOK |
| Financial expenses | 0.2 MNOK | 0.6 MNOK | 0.1 MNOK |
| Total assets | 55.6 MNOK | 34.4 MNOK | 84.4 MNOK |
| Current assets | 55.6 MNOK | 34.4 MNOK | 84.0 MNOK |
| Equity | 17.7 MNOK | 16.2 MNOK | 30.5 MNOK |
| Retained earnings | 17.6 MNOK | 16.1 MNOK | 30.4 MNOK |
| Total liabilities | 37.9 MNOK | 18.2 MNOK | 53.9 MNOK |
| Current liabilities | 37.9 MNOK | 18.2 MNOK | 53.9 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 28 October 2026, accounts id 6995394.
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