RUN AS

Org. no. 999132790 · HAMAR · Founded 2012 · 21 employees

Score · fiscal year 2025

78of 100

How to read this: the company is ahead of 96 % of companies in the Morning class Large in the same sector in 2025. What does this mean?

Rank in the Morning class Large: 20 of 541 · What are Morning company classes?
Place in the whole sector: 1,126 of 23,059 · Handel

Profile

Lion · Leader

High profitability, high solidity

Position against comparable companies in 2025, not a verdict on the company. Based on profitability 98 and solidity 73 out of 100 among companies in the Morning class Large in the same sector in 2025. Methodology

Against the sector

RUN AS is 28 points above the median for companies in the Morning class Large in the same sector in 2025.

Median score 50 among 541 companies.

Against companies in the Morning class Large in the same sector in 2025: operating margin 18.0% (median 2.5%) and equity ratio 45.7% (median 30.9%).

Source: Register of Company Accounts and Central Coordinating RegisterFetched 29 October 2026Report an issue
Key figures · 2025

The numbers behind the score

The numbers behind the score · 2025
MeasureCompanyMedianAhead of
Operating revenue776 MNOK1,119 MNOK
Operating margin 18.0% 2.5% 97 %
Profit margin 18.4% 2.5% shown, not part of the index
Return on assets 47.3% 10.2% 99 %
Equity ratio 45.7% 30.9% 73 %
Debt-to-equity 1.19 2.23 73 %
Current ratio 1.81 1.30 80 %
Revenue growth 17.5% 6.9% 76 %
Revenue per employee36.94 MNOK12.49 MNOK

The median and “ahead of” refer to companies in the Morning class Large in the same sector in 2025. The bar shows the share of companies the figure is ahead of.

With an index of 78, RUN AS does better than 96% of companies in the Morning class Large in the same sector (541 companies) in 2025.

Over time

Score 2023–2025

CompanyMedian0255075100202320242025
  • RUN AS
  • Median: companies in the Morning class Large in the same sector
Summary analysis

RUN AS has a score of 78 for 2025, rank 1,126 of 23,059 in the sector.

Strongest: Profitability: percentile 98 against peers, operating margin 18.0% against a median of 2.5%. Liquidity: percentile 80 against peers, current ratio 1.81 against a median of 1.30.

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

Analysis · 2025

What the numbers say

RUN AS had an operating margin of 18.0% and an equity ratio of 45.7% in 2025, and ranks 1,126 of 23,059 in Handel.

From 2024 to 2025: revenue grew by 18% and the operating margin rose from 15.5% to 18.0%.

This text is generated automatically from the 2025 accounts.

Estimated value · 2025

Three simple methods

The methods give between 138 MNOK and 1,227 MNOK.

MethodInputMultipleEstimate
P/E Net profit: 111.4 MNOK 10.0 1,114 MNOK
EV/EBIT Operating profit: 139.6 MNOK
minus net debt −110.2 MNOK
8.0 1,227 MNOK
P/B Equity: 138.4 MNOK 1.0 138 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

Indications · 2025

Worth a closer look

No rules were triggered for this year.

Indications based on the latest annual accounts from open data. Not investment or financial advice.

Financial costs were 0.3% 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.

Stress test · 2022

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

Components · 2025

What the score is made of

Profitability98 weight 30%
Solidity73 weight 25%
Liquidity80 weight 15%
Growth76 weight 15%
Consistency46 weight 15%

Durability: 81 (average over 3 years)

Index version 2. Data completeness 100%: the share of the weights that had data.

2025

Questions and answers

How profitable is RUN AS?

The operating margin was 18.0% in 2025, against a median of 2.5% among companies in the Morning class Large in the same sector. Return on assets was 47.3%.

How solid is RUN AS?

The equity ratio was 45.7% in 2025 (median 30.9%). Debt-to-equity was 1.19 (median 2.23).

What is the liquidity of RUN AS like?

The current ratio was 1.81 in 2025 (median 1.30).

How does RUN AS compare in Handel?

RUN AS ranks 1,126 of 23,059 in Handel for 2025. Among companies in the Morning class Large it is number 20 of 541. Revenue changed by 17.5% from the year before.

From the Central Coordinating Register

Org. no.
999132790
Legal form
AS
Sector
Handel (46.420)
Morning company class
Large
Employees
21 registered 10 October 2026
Founded
23 October 2012 14 years in operation
Share capital
0.10 MNOK
Business address
Hertzbergs gate 34, 2318 HAMAR
Municipality
Hamar rank 1–5 of 13 in KOSTRA group 10
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
Carl Jørgen Nordberg
Chair of the board
Elling Balhald
Board member
Carl Jørgen Nordberg
Deputy member
Emil Tømmerdal Nordby
Auditor
HAMARREVISJON 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.

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Figures last fetched 29 October 2026.

Details

Year by year · 2023–2025

Key figure202320242025Trend
Index937278
Rank1532,7471,126
Operating margin15.2%15.5%18.0%
Return on assets38.8%38.9%47.3%
Equity ratio58.3%46.1%45.7%
Current ratio2.361.821.81
Revenue growth–−2.8%17.5%

Accounts

From the Brønnøysund Register Centre, in the company's reporting currency (NOK).

Key figure202320242025
Operating revenue679.4 MNOK660.2 MNOK775.8 MNOK
Operating profit103.1 MNOK102.3 MNOK139.6 MNOK
Profit before tax104.5 MNOK107.1 MNOK142.9 MNOK
Net profit81.5 MNOK83.6 MNOK111.4 MNOK
Financial expenses0.8 MNOK0.0 MNOK0.5 MNOK
Total assets271.6 MNOK275.5 MNOK303.1 MNOK
Current assets267.6 MNOK269.7 MNOK293.9 MNOK
Equity158.3 MNOK127.0 MNOK138.4 MNOK
Retained earnings158.2 MNOK126.9 MNOK138.3 MNOK
Total liabilities113.2 MNOK148.5 MNOK164.6 MNOK
Current liabilities113.2 MNOK148.4 MNOK162.4 MNOK

Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 29 October 2026, accounts id 7191547.

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