THYGESEN AS
Score · fiscal year 2025
36of 100
How to read this: the company is ahead of 24 % of companies in the Morning class Small in the same sector in 2025. What does this mean?
Rank in the Morning class Small: 4,243 of 5,567 · What are Morning company classes?
Place in the whole sector: 15,186 of 20,439 · Bygg og anlegg
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 58 and solidity 15 out of 100 among companies in the Morning class Small in the same sector in 2025. Methodology
Against the sector
THYGESEN AS is 15 points below the median for companies in the Morning class Small in the same sector in 2025.
Median score 51 among 5,567 companies.
Against companies in the Morning class Small in the same sector in 2025: operating margin 3.9% (median 4.5%) and equity ratio 12.0% (median 34.2%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 18 MNOK | 19 MNOK |
| Operating margin | 3.9% | 4.5% |
| Profit margin | 3.4% | 4.3% |
| Return on assets | 18.8% | 11.0% |
| Equity ratio | 12.0% | 34.2% |
| Debt-to-equity | 7.35 | 1.72 |
| Current ratio | 0.57 | 1.48 |
| Revenue growth | −0.1% | 6.0% |
| Revenue per employee | 3.02 MNOK | 1.70 MNOK |
The median and “ahead of” refer to companies in the Morning class Small in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 36, THYGESEN AS does better than 24% of companies in the Morning class Small in the same sector (5,567 companies) in 2025.
Score 2023–2025
- THYGESEN AS
- Median: companies in the Morning class Small in the same sector
THYGESEN AS has a score of 36 for 2025, rank 15,186 of 20,439 in the sector.
Strongest: Consistency: percentile 59 against peers.
Weakest: Liquidity: percentile 4 against peers, current ratio 0.57 against a median of 1.48. Solidity: percentile 15 against peers, equity ratio 12.0% against a median of 34.2%.
Worth a closer look
- Consider strengthening liquidity: current liabilities are 1.8 times current assets. Based on: current ratio 0.57 (median 1.48).
- 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
THYGESEN AS had an operating margin of 3.9% and an equity ratio of 12.0% in 2025, and ranks 15,186 of 20,439 in Bygg og anlegg.
From 2024 to 2025: the equity ratio rose from 2.9% to 12.0%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 0 MNOK and 6 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 4 MNOK |
| EV/EBIT | 8.0 | 6 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
Consider strengthening liquidity: current liabilities are 1.8 times current assets.
Based on: Current ratio 0.57 (median 1.48).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 2.5% 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 2021, the sector's weakest year, for this company.
The sector's weakest year was 2021, with a median operating margin of 1.8%. 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 | 58 | weight 30% |
|---|---|---|
| Solidity | 15 | weight 25% |
| Liquidity | 4 | weight 15% |
| Growth | 39 | weight 15% |
| Consistency | 59 | weight 15% |
Durability: 37 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is THYGESEN AS?
The operating margin was 3.9% in 2025, against a median of 4.5% among companies in the Morning class Small in the same sector. Return on assets was 18.8%.
How solid is THYGESEN AS?
The equity ratio was 12.0% in 2025 (median 34.2%). Debt-to-equity was 7.35 (median 1.72).
What is the liquidity of THYGESEN AS like?
The current ratio was 0.57 in 2025 (median 1.48). Current assets did not cover current liabilities.
How does THYGESEN AS compare in Bygg og anlegg?
THYGESEN AS ranks 15,186 of 20,439 in Bygg og anlegg for 2025. Among companies in the Morning class Small it is number 4,243 of 5,567. Revenue changed by −0.1% from the year before.
From the Central Coordinating Register
- Org. no.
- 980473198
- Legal form
- AS
- Sector
- Bygg og anlegg (41.000)
- Morning company class
- Small
- Employees
- 6 registered 10 September 2026
- Founded
- 20 December 1998 27 years in operation
- Share capital
- 0.05 MNOK
- Business address
- Myrfaret 23, 1930 AURSKOG (AURSKOG-HØLAND)
- Municipality
- Aurskog-Høland rank 17–35 of 38 in KOSTRA group 7
- 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
- Ole-Jacob Skovgaard Hognestad-Thygesen
- Chair of the board
- Ole-Jacob Skovgaard Hognestad-Thygesen
- Auditor
- HALFDAN NITTER AS
- Accountant
- ECORA REGNSKAP 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 | 40 | 34 | 36 | |
| Rank | 12,002 | 15,091 | 15,186 | |
| Operating margin | 9.1% | 3.9% | 3.9% | |
| Return on assets | 32.0% | 10.1% | 18.8% | |
| Equity ratio | 1.2% | 2.9% | 12.0% | |
| Current ratio | 1.07 | 1.14 | 0.57 | |
| Revenue growth | – | 6.0% | −0.1% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 17.1 MNOK | 18.1 MNOK | 18.1 MNOK |
| Operating profit | 1.6 MNOK | 0.7 MNOK | 0.7 MNOK |
| Profit before tax | 1.5 MNOK | 0.7 MNOK | 0.6 MNOK |
| Net profit | 1.0 MNOK | 0.5 MNOK | 0.4 MNOK |
| Financial expenses | 0.1 MNOK | 0.0 MNOK | 0.1 MNOK |
| Total assets | 4.9 MNOK | 7.1 MNOK | 3.7 MNOK |
| Current assets | 3.1 MNOK | 4.1 MNOK | 1.7 MNOK |
| Equity | 0.1 MNOK | 0.2 MNOK | 0.4 MNOK |
| Retained earnings | – | 0.1 MNOK | 0.4 MNOK |
| Total liabilities | 4.9 MNOK | 6.9 MNOK | 3.3 MNOK |
| Current liabilities | 2.9 MNOK | 3.6 MNOK | 3.0 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 28 October 2026, accounts id 6739638.
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