DAVID-ANDERSEN AS
Score · fiscal year 2025
73of 100
How to read this: the company is ahead of 90 % of companies in the Morning class Medium in the same sector in 2025. What does this mean?
Rank in the Morning class Medium: 365 of 3,712 · What are Morning company classes?
Place in the whole sector: 2,291 of 23,065 · Handel
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 69 and solidity 81 out of 100 among companies in the Morning class Medium in the same sector in 2025. Methodology
Against the sector
DAVID-ANDERSEN AS is 23 points above the median for companies in the Morning class Medium in the same sector in 2025.
Median score 50 among 3,712 companies.
Against companies in the Morning class Medium in the same sector in 2025: operating margin 9.3% (median 3.0%) and equity ratio 55.1% (median 30.0%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 172 MNOK | 93 MNOK |
| Operating margin | 9.3% | 3.0% |
| Profit margin | 6.1% | 2.8% |
| Return on assets | 12.7% | 11.6% |
| Equity ratio | 55.1% | 30.0% |
| Debt-to-equity | 0.82 | 2.24 |
| Current ratio | 3.82 | 1.39 |
| Revenue growth | 10.0% | 6.1% |
| Revenue per employee | 1.94 MNOK | 5.07 MNOK |
The median and “ahead of” refer to companies in the Morning class Medium in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 73, DAVID-ANDERSEN AS does better than 90% of companies in the Morning class Medium in the same sector (3,712 companies) in 2025.
Score 2023–2025
- DAVID-ANDERSEN AS
- Median: companies in the Morning class Medium in the same sector
DAVID-ANDERSEN AS has a score of 73 for 2025, rank 2,291 of 23,065 in the sector.
Strongest: Liquidity: percentile 94 against peers, current ratio 3.82 against a median of 1.39. Solidity: percentile 81 against peers, equity ratio 55.1% against a median of 30.0%.
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
DAVID-ANDERSEN AS had an operating margin of 9.3% and an equity ratio of 55.1% in 2025, and ranks 2,291 of 23,065 in Handel.
From 2024 to 2025: the operating margin rose from 5.5% to 9.3%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 70 MNOK and 122 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 75 MNOK |
| EV/EBIT | 8.0 | 122 MNOK |
| P/B | 1.0 | 70 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
- positive
Upper quartile on profitability, solidity and liquidity. What sets this company apart from the rest of the sector?
Based on: Operating margin 9.3% (median 3.0%); Equity ratio 55.1% (median 30.0%); Current ratio 3.82 (median 1.39).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 9.8% 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 1.5%. 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 | 69 | weight 30% |
|---|---|---|
| Solidity | 81 | weight 25% |
| Liquidity | 94 | weight 15% |
| Growth | 63 | weight 15% |
| Consistency | 55 | weight 15% |
Durability: 67 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is DAVID-ANDERSEN AS?
The operating margin was 9.3% in 2025, against a median of 3.0% among companies in the Morning class Medium in the same sector. Return on assets was 12.7%.
How solid is DAVID-ANDERSEN AS?
The equity ratio was 55.1% in 2025 (median 30.0%). Debt-to-equity was 0.82 (median 2.24).
What is the liquidity of DAVID-ANDERSEN AS like?
The current ratio was 3.82 in 2025 (median 1.39).
How does DAVID-ANDERSEN AS compare in Handel?
DAVID-ANDERSEN AS ranks 2,291 of 23,065 in Handel for 2025. Among companies in the Morning class Medium it is number 365 of 3,712. Revenue changed by 10.0% from the year before.
From the Central Coordinating Register
- Org. no.
- 985172277
- Legal form
- AS
- Sector
- Handel (47.770)
- Morning company class
- Medium
- Employees
- 89 registered 10 October 2026
- Founded
- 26 November 2002 23 years in operation
- Share capital
- 0.15 MNOK
- Business address
- Karl Johans gate 20, 0159 OSLO
- Municipality
- Oslo rank 63–221 of 357 in Norway
- Latest accounts filed
- 2025
- LEI
- 2549008C66V41N5IOO20 not renewed (lapsed)
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
- Inge Nygaard
- Chair of the board
- Kristin Gjesvik Havig-Gjelseth
- Board member
- Anniken Fjelberg
- Board member
- Mari Hektoen
- Board member
- Andreas Qvale Hovland
- Board member
- Fridtjof Havig-Gjelseth
- Deputy member
- Anne Kristi Koppang
- Auditor
- BLOM & FOSSAN AS
- Accountant
- AIDER AS
Source: Central Coordinating Register, fetched 29 October 2026. Only names are shown.
- Parent company
- Parent not reported
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 29 October 2026. The parent is the one the company itself reported to GLEIF.
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 29 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 64 | 65 | 73 | |
| Rank | 6,195 | 5,008 | 2,291 | |
| Operating margin | 0.6% | 5.5% | 9.3% | |
| Return on assets | 6.1% | 7.4% | 12.7% | |
| Equity ratio | 52.7% | 52.7% | 55.1% | |
| Current ratio | 2.85 | 2.66 | 3.82 | |
| Revenue growth | – | 4.7% | 10.0% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 149.6 MNOK | 156.7 MNOK | 172.3 MNOK |
| Operating profit | 0.9 MNOK | 8.6 MNOK | 16.0 MNOK |
| Profit before tax | 3.7 MNOK | 5.8 MNOK | 10.6 MNOK |
| Net profit | 4.1 MNOK | 4.5 MNOK | 7.5 MNOK |
| Financial expenses | 3.0 MNOK | 3.0 MNOK | 5.6 MNOK |
| Total assets | 110.6 MNOK | 119.1 MNOK | 127.7 MNOK |
| Current assets | 94.3 MNOK | 105.0 MNOK | 118.4 MNOK |
| Equity | 58.3 MNOK | 62.8 MNOK | 70.3 MNOK |
| Retained earnings | 58.2 MNOK | 62.7 MNOK | 70.2 MNOK |
| Total liabilities | 52.3 MNOK | 56.3 MNOK | 57.4 MNOK |
| Current liabilities | 33.1 MNOK | 39.5 MNOK | 31.0 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 29 October 2026, accounts id 6872384.
Further
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