Fremogruppen AS
Score · fiscal year 2025
34of 100
How to read this: the company is ahead of 19 % of companies in the Morning class Medium in the same sector in 2025. What does this mean?
Rank in the Morning class Medium: 426 of 526 · What are Morning company classes?
Place in the whole sector: 2,360 of 3,039 · Forretningsmessig tjenesteyting
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 36 and solidity 22 out of 100 among companies in the Morning class Medium in the same sector in 2025. Methodology
Against the sector
Fremogruppen AS is 18 points below the median for companies in the Morning class Medium in the same sector in 2025.
Median score 52 among 526 companies.
Against companies in the Morning class Medium in the same sector in 2025: operating margin 1.3% (median 4.4%) and equity ratio 9.4% (median 21.9%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 63 MNOK | 107 MNOK |
| Operating margin | 1.3% | 4.4% |
| Profit margin | 2.9% | 4.3% |
| Return on assets | 9.6% | 10.7% |
| Equity ratio | 9.4% | 21.9% |
| Debt-to-equity | 9.65 | 3.28 |
| Current ratio | 1.08 | 1.16 |
| Revenue growth | −13.0% | 7.7% |
| Revenue per employee | 0.21 MNOK | 2.11 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 34, Fremogruppen AS does better than 19% of companies in the Morning class Medium in the same sector (526 companies) in 2025.
Score 2023–2025
- Fremogruppen AS
- Median: companies in the Morning class Medium in the same sector
Fremogruppen AS has a score of 34 for 2025, rank 2,360 of 3,039 in the sector.
Strongest: Consistency: percentile 64 against peers.
Weakest: Growth: percentile 12 against peers, revenue growth −13.0% against a median of 7.7%. Solidity: percentile 22 against peers, equity ratio 9.4% against a median of 21.9%.
Worth a closer look
- The equity ratio is very low. Could the company absorb a bad year, and does it need more equity? Based on: equity ratio 9.4% (median 21.9%).
- What lies behind weak growth, and will it last?
- 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
Fremogruppen AS had an operating margin of 1.3% and an equity ratio of 9.4% in 2025, and ranks 2,360 of 3,039 in Forretningsmessig tjenesteyting.
From 2024 to 2025: revenue fell by 13%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 2 MNOK and 25 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 17.3 | 25 MNOK |
| EV/EBIT | 14.1 | 16 MNOK |
| P/B | 2.7 | 2 MNOK |
The listed basis is the value at listed multiples. The estimate is lowered by 51% for an unlisted company: 20% for lack of marketability and 38% for size (a small-company premium of 4% on the cost of equity).
A mechanical estimate from public accounts, not advice. A mechanical estimate from public accounts with listed multiples and fixed adjustments. Not a valuation and not advice to buy or sell. See the calculation
Worth a closer look
- watch
The equity ratio is very low. Could the company absorb a bad year, and does it need more equity?
Based on: Equity ratio 9.4% (median 21.9%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 0.0% 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.
See interest rates, prices and exchange rates for the sector
Data quality
No anomalies found in the figures.
Scenario analysis: the sector's weakest year
We have no accounts for 2026, the sector's weakest year, for this company.
The sector's weakest year was 2026, with a median operating margin of 0.3%. Based on the 9 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 36 | weight 30% |
|---|---|---|
| Solidity | 22 | weight 25% |
| Liquidity | 40 | weight 15% |
| Growth | 12 | weight 15% |
| Consistency | 64 | weight 15% |
Durability: 35 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Fremogruppen AS?
The operating margin was 1.3% in 2025, against a median of 4.4% among companies in the Morning class Medium in the same sector. Return on assets was 9.6%.
How solid is Fremogruppen AS?
The equity ratio was 9.4% in 2025 (median 21.9%). Debt-to-equity was 9.65 (median 3.28).
What is the liquidity of Fremogruppen AS like?
The current ratio was 1.08 in 2025 (median 1.16).
How does Fremogruppen AS compare in Forretningsmessig tjenesteyting?
Fremogruppen AS ranks 2,360 of 3,039 in Forretningsmessig tjenesteyting for 2025. Among companies in the Morning class Medium it is number 426 of 526. Revenue changed by −13.0% from the year before.
Public contracts
- Contracts awarded since 2024
- 0
- Total awarded value since 2024
- value not stated
| Date | Buyer | Notice | Value |
|---|---|---|---|
| 10 November 2022 | TRV Gruppen AS | Parallelle rammeavtaler for vikartjenester | 45.0 MNOK (framework) |
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 27 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.
- 988168440
- Legal form
- AS
- Sector
- Forretningsmessig tjenesteyting (78.200)
- Morning company class
- Medium
- Employees
- 307 registered 10 October 2026
- Founded
- 18 April 2005 21 years in operation
- Share capital
- 0.10 MNOK
- Business address
- Ladeveien 23, 7066 TRONDHEIM
- Municipality
- Trondheim rank 3 of 11 in KOSTRA group 12
- Latest accounts filed
- 2025
- Website
- www.fremobemanning.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
Loading roles …
Source: Central Coordinating Register, fetched 31 October 2026. Only names are shown.
Shareholders (2025)
- Number of shareholders
- 7 (one owner holds more than half)
- Largest owner
- 57.0% · top three 90.0%
- Split
- companies 62% · private persons 38% · foreign 0%
- Owned from the same municipality
- 87%
- Owners over 60
- 55% of the shares held by persons (median age 62)
- Group chain
-
Owned by: Fremo Invest AS (57%)
Ultimate owner: private person
- Fremo Invest AS · 57.0%
- Fremogruppen AS · 5.0%
- 5 private persons · 38.0%
Change 2007–2025:
28% of the shares changed owner (4 new and 1 departed owners).
New owners (companies): Fremogruppen AS
Majority owner of: Fremo Oppvekst AS (100%)
Holds shares in: Fremo Oppvekst AS (100%), Fremogruppen AS (5%)
Source: the Norwegian Tax Administration's shareholder register as of 2025. Figures may be older than today's ownership. Private persons are not shown by name.
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 31 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 37 | 34 | 34 | |
| Rank | 1,973 | 2,316 | 2,360 | |
| Operating margin | 3.3% | 2.5% | 1.3% | |
| Return on assets | 16.5% | 15.8% | 9.6% | |
| Equity ratio | 7.2% | 6.7% | 9.4% | |
| Current ratio | 1.06 | 1.06 | 1.08 | |
| Revenue growth | – | −11.5% | −13.0% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 82.1 MNOK | 72.7 MNOK | 63.3 MNOK |
| Operating profit | 2.7 MNOK | 1.8 MNOK | 0.8 MNOK |
| Profit before tax | 4.1 MNOK | 4.3 MNOK | 1.8 MNOK |
| Tax expense | 0.7 MNOK | 0.5 MNOK | 0.3 MNOK |
| Net profit | 3.4 MNOK | 3.8 MNOK | 1.6 MNOK |
| Financial expenses | 0.1 MNOK | 0.0 MNOK | 0.0 MNOK |
| Total assets | 25.2 MNOK | 27.1 MNOK | 19.2 MNOK |
| Current assets | 24.8 MNOK | 26.7 MNOK | 18.8 MNOK |
| Equity | 1.8 MNOK | 1.8 MNOK | 1.8 MNOK |
| Retained earnings | 1.7 MNOK | 1.7 MNOK | 1.7 MNOK |
| Total liabilities | 23.4 MNOK | 25.3 MNOK | 17.4 MNOK |
| Current liabilities | 23.4 MNOK | 25.3 MNOK | 17.4 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 31 October 2026, accounts id 6943112.
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