SOLAR NORGE AS
Score · fiscal year 2025
43of 100
How to read this: the company is ahead of 33 % of large companies in the same sector in 2025. What does this mean?
Rank: 19,247 of 30,442 · Handel
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 7 and solidity 82 out of 100 among large companies in the same sector in 2025. Methodology
Against the sector
SOLAR NORGE AS is 7 points below the median for large companies in the same sector in 2025.
Median score 50 among 287 companies.
Against large companies in the same sector in 2025: operating margin −0.6% (median 2.1%) and equity ratio 59.3% (median 33.4%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 2,862 MNOK | 2,055 MNOK |
| Operating margin | −0.6% | 2.1% |
| Profit margin | −1.0% | 2.1% |
| Return on assets | −0.2% | 8.3% |
| Equity ratio | 59.3% | 33.4% |
| Debt-to-equity | 0.69 | 1.96 |
| Current ratio | 1.68 | 1.27 |
| Revenue growth | −2.3% | 6.2% |
| Revenue per employee | 6.08 MNOK | 17.20 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 43, SOLAR NORGE AS does better than 33% of large companies in the same sector (287 companies) in 2025.
Score 2023–2025
- SOLAR NORGE AS
- Median: large companies in the same sector
SOLAR NORGE AS has a score of 43 for 2025, rank 19,247 of 30,442 in the sector.
Strongest: Solidity: percentile 82 against peers, equity ratio 59.3% against a median of 33.4%. Liquidity: percentile 75 against peers, current ratio 1.68 against a median of 1.27.
Weakest: Profitability: percentile 7 against peers, operating margin −0.6% against a median of 2.1%. Growth: percentile 19 against peers, revenue growth −2.3% against a median of 6.2%.
Worth a closer look
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin −1.0% (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 −0.6% (median 2.1%).
- What lies behind weak profitability, and will it last?
- What lies behind weak growth, 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
SOLAR NORGE AS had an operating margin of −0.6% and an equity ratio of 59.3% in 2025, and ranks 19,247 of 30,442 in Handel.
From 2024 to 2025: went from a profit to a loss before tax and the operating margin fell from 1.6% to −0.6%.
This text is generated automatically from the 2025 accounts.
Three simple methods
One method gives a figure: 943 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 943 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 −1.0% (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 −0.6% (median 2.1%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
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 −134.9%. 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 | 7 | weight 30% |
|---|---|---|
| Solidity | 82 | weight 25% |
| Liquidity | 75 | weight 15% |
| Growth | 19 | 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 SOLAR NORGE AS?
The operating margin was −0.6% in 2025, against a median of 2.1% among large companies in the same sector. Return on assets was −0.2%. The company made a loss before tax.
How solid is SOLAR NORGE AS?
The equity ratio was 59.3% in 2025 (median 33.4%). Debt-to-equity was 0.69 (median 1.96).
What is the liquidity of SOLAR NORGE AS like?
The current ratio was 1.68 in 2025 (median 1.27).
How does SOLAR NORGE AS compare in Handel?
SOLAR NORGE AS ranks 19,247 of 30,442 in Handel for 2025. Among companies of the same size (large companies) it ranks 192 of 287. Revenue changed by −2.3% 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
- 5
- Total awarded value since 2024
- value not stated
- 4 contracts without a stated value are not in the total.
- Framework agreements
- 1
- Left out of the total: the value is a ceiling, not actual spend.
| Date | Buyer | Notice | Value |
|---|---|---|---|
| 9 July 2026 | Bane NOR SF | Elektrisk forbruksmateriell | 200.0 MNOK (framework) |
| 23 April 2025 | Bane NOR SF | Rammeavtale - Lysarmaturer | value not stated |
| 10 December 2024 | GASSCO AS | Rammeavtale - Kabler | value not stated |
| 3 December 2024 | INNLANDET FYLKESKOMMUNE | Lyskilder | value not stated |
| 25 June 2024 | Vestland fylkeskommune | Rammeavtale for elektromateriell | value not stated |
| 15 March 2023 | Norges miljø- og biovitenskapelige universitet | Elektro materiell | value not stated |
| 16 September 2021 | NTNU | Elektromateriell, rammeavtale | value not stated |
| 24 April 2020 | Stiftelsen Tradebroker | Elektromateriell | value not stated |
| 20 April 2020 | Stiftelsen Tradebroker | Elektromateriell | value not stated |
| 27 March 2019 | Norsk rikskringkasting AS | NRK EA3305/18E Rammeavtale Elektromateriell | 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.
- 980672891
- Legal form
- AS · part of a group
- Sector
- Handel (46.640)
- Size tier
- large
- Employees
- 471 registered 10 October 2026
- Founded
- 9 April 1999 27 years in operation
- Share capital
- 71.00 MNOK
- Business address
- Valhallavegen 8, 2060 GARDERMOEN (ULLENSAKER)
- Municipality
- Ullensaker rank 5–13 of 13 in KOSTRA group 10
- Latest accounts filed
- 2025
- Website
- www.solarnorge.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
- Thomas Skovli
- Chair of the board
- Jan Willy Fjellvær
- Board member
- Laila Thune Nyhagen
- Board member
- Elin Leister
- Board member
- Tor Helge Flakke
- Board member
- Jens Kristian Holt
- Board member
- Thea Metliaas Smolan
- Board member
- Jens Ellegaard Andersen
- Deputy member
- Espen Norboe Hovelstad
- Auditor
- DELOITTE AS
- Accountant
- TELL NORGE AS
- Accountant
- ECIT SERVICES 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 | 71 | 55 | 43 | |
| Rank | 4,278 | 11,778 | 19,247 | |
| Operating margin | 4.3% | 1.6% | −0.6% | |
| Return on assets | 11.2% | 4.1% | −0.2% | |
| Equity ratio | 52.3% | 55.3% | 59.3% | |
| Current ratio | 1.83 | 1.97 | 1.68 | |
| Revenue growth | – | −7.3% | −2.3% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 3,161.5 MNOK | 2,931.1 MNOK | 2,862.4 MNOK |
| Operating profit | 136.5 MNOK | 46.7 MNOK | −16.5 MNOK |
| Profit before tax | 136.9 MNOK | 48.6 MNOK | −29.5 MNOK |
| Net profit | 105.8 MNOK | 36.3 MNOK | −27.5 MNOK |
| Financial expenses | 20.5 MNOK | 8.9 MNOK | 26.1 MNOK |
| Total assets | 1,404.3 MNOK | 1,392.0 MNOK | 1,588.4 MNOK |
| Current assets | 1,229.7 MNOK | 1,225.4 MNOK | 1,084.7 MNOK |
| Equity | 733.8 MNOK | 770.0 MNOK | 942.5 MNOK |
| Retained earnings | 229.3 MNOK | 265.5 MNOK | 238.0 MNOK |
| Total liabilities | 670.6 MNOK | 622.0 MNOK | 645.8 MNOK |
| Current liabilities | 670.6 MNOK | 622.0 MNOK | 645.8 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 28 October 2026, accounts id 7105629.
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