Aars AS
Score · fiscal year 2025
67of 100
How to read this: the company is ahead of 82 % of companies in the Morning class Small in the same sector in 2025. What does this mean?
Rank in the Morning class Small: 54 of 291 · What are Morning company classes?
Place in the whole sector: 316 of 1,691 · Annen tjenesteyting
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 23 and solidity 99 out of 100 among companies in the Morning class Small in the same sector in 2025. Methodology
Against the sector
Aars AS is 16 points above the median for companies in the Morning class Small in the same sector in 2025.
Median score 51 among 291 companies.
Against companies in the Morning class Small in the same sector in 2025: operating margin −197.8% (median 5.8%) and equity ratio 91.3% (median 29.9%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 46 MNOK | 19 MNOK |
| Operating margin | −197.8% | 5.8% |
| Profit margin | 4,234.8% | 5.5% |
| Return on assets | 14.1% | 15.5% |
| Equity ratio | 91.3% | 29.9% |
| Debt-to-equity | 0.10 | 2.13 |
| Current ratio | 8.78 | 1.30 |
| Revenue growth | 31.4% | 5.5% |
| Revenue per employee | 1.84 MNOK | 1.47 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 67, Aars AS does better than 82% of companies in the Morning class Small in the same sector (291 companies) in 2025.
Score 2023–2025
- Aars AS
- Median: companies in the Morning class Small in the same sector
Aars AS has a score of 67 for 2025, rank 316 of 1,691 in the sector.
Strongest: Liquidity: percentile 99 against peers, current ratio 8.78 against a median of 1.30. Solidity: percentile 99 against peers, equity ratio 91.3% against a median of 29.9%.
Weakest: Profitability: percentile 23 against peers, operating margin −197.8% against a median of 5.8%.
Worth a closer look
- The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors? Based on: operating margin −197.8% (median 5.8%).
- What lies behind weak profitability, 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
Aars AS had an operating margin of −197.8% and an equity ratio of 91.3% in 2025, and ranks 316 of 1,691 in Annen tjenesteyting.
From 2024 to 2025: the operating margin rose from −280.0% to −197.8% and revenue grew by 31%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 13,135 MNOK and 19,030 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 19,030 MNOK |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 13,135 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 operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors?
Based on: Operating margin −197.8% (median 5.8%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 6.7% 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
- watch Extreme margin: check 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 −0.2%. 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 | 23 | weight 30% |
|---|---|---|
| Solidity | 99 | weight 25% |
| Liquidity | 99 | weight 15% |
| Growth | 92 | weight 15% |
| Consistency | 44 | weight 15% |
Durability: 65 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Aars AS?
The operating margin was −197.8% in 2025, against a median of 5.8% among companies in the Morning class Small in the same sector. Return on assets was 14.1%.
How solid is Aars AS?
The equity ratio was 91.3% in 2025 (median 29.9%). Debt-to-equity was 0.10 (median 2.13).
What is the liquidity of Aars AS like?
The current ratio was 8.78 in 2025 (median 1.30).
How does Aars AS compare in Annen tjenesteyting?
Aars AS ranks 316 of 1,691 in Annen tjenesteyting for 2025. Among companies in the Morning class Small it is number 54 of 291. Revenue changed by 31.4% 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.
From the Central Coordinating Register
- Org. no.
- 993853712
- Legal form
- AS · part of a group
- Sector
- Annen tjenesteyting (95.310)
- Morning company class
- Small
- Employees
- 25 registered 10 August 2026
- Founded
- 22 January 2009 17 years in operation
- Share capital
- 93.15 MNOK
- Business address
- Bygdøy allé 4, 0257 OSLO
- Municipality
- Oslo rank 63–220 of 357 in Norway
- Latest accounts filed
- 2025
- Website
- www.aars.no
- LEI
- 254900MCHZ8A8FI2DR76 renews 4 September 2027
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.
- Parent company
- No parent company: owned by persons
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 30 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 4 November 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 72 | 57 | 67 | |
| Rank | 276 | 596 | 316 | |
| Operating margin | −237.1% | −280.0% | −197.8% | |
| Return on assets | 14.1% | 10.1% | 14.1% | |
| Equity ratio | 97.0% | 89.0% | 91.3% | |
| Current ratio | 19.33 | 7.89 | 8.78 | |
| Revenue growth | – | 0.0% | 31.4% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 35.0 MNOK | 35.0 MNOK | 46.0 MNOK |
| Operating profit | −83.0 MNOK | −98.0 MNOK | −91.0 MNOK |
| Profit before tax | 1,811.0 MNOK | 1,295.0 MNOK | 1,948.0 MNOK |
| Net profit | 1,767.0 MNOK | 1,246.0 MNOK | 1,903.0 MNOK |
| Financial expenses | 44.0 MNOK | 50.0 MNOK | 84.0 MNOK |
| Total assets | 13,151.0 MNOK | 13,264.0 MNOK | 14,390.0 MNOK |
| Current assets | 7,112.0 MNOK | 7,140.0 MNOK | 8,217.0 MNOK |
| Equity | 12,750.0 MNOK | 11,802.0 MNOK | 13,135.0 MNOK |
| Retained earnings | 8,372.0 MNOK | 9,067.0 MNOK | 8,764.0 MNOK |
| Total liabilities | 401.0 MNOK | 1,462.0 MNOK | 1,254.0 MNOK |
| Current liabilities | 368.0 MNOK | 905.0 MNOK | 936.0 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 4 November 2026, accounts id 7091977.
Further
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