Brunstad AS
Score · fiscal year 2023
18of 100
How to read this: the company is ahead of 9 % of companies in the Morning class Medium in the same sector in 2023. What does this mean?
Rank in the Morning class Medium: 671 of 741 · What are Morning company classes?
Place in the whole sector: 2,121 of 2,341 · Industri
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2023, not a verdict on the company. Based on profitability 5 and solidity 40 out of 100 among companies in the Morning class Medium in the same sector in 2023. Methodology
Against the sector
Brunstad AS is 32 points below the median for companies in the Morning class Medium in the same sector in 2023.
Median score 50 among 741 companies.
Against companies in the Morning class Medium in the same sector in 2023: operating margin −9.5% (median 5.0%) and equity ratio 32.1% (median 36.4%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 100 MNOK | 161 MNOK |
| Operating margin | −9.5% | 5.0% |
| Profit margin | −10.2% | 4.5% |
| Return on assets | −13.3% | 10.4% |
| Equity ratio | 32.1% | 36.4% |
| Debt-to-equity | 2.11 | 1.72 |
| Current ratio | 1.02 | 1.49 |
| Revenue growth | – | 4.7% |
| Revenue per employee | 3.21 MNOK | 2.52 MNOK |
The median and “ahead of” refer to companies in the Morning class Medium in the same sector in 2023. The bar shows the share of companies the figure is ahead of.
With an index of 18, Brunstad AS does better than 9% of companies in the Morning class Medium in the same sector (741 companies) in 2023.
Score 2023–2025
- Brunstad AS
- Median: companies in the Morning class Medium in the same sector
What the numbers say
Brunstad AS had an operating margin of −9.5% and an equity ratio of 32.1% in 2023, and ranks 2,121 of 2,341 in Industri.
This text is generated automatically from the 2023 accounts.
Three simple methods
One method gives a figure: 18 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 18 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 −10.2% (median 4.5%).
- 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 −9.5% (median 5.0%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 7.7% of the debt in 2023. The policy rate averaged 3.54 % 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 2022, the sector's weakest year, for this company.
The sector's weakest year was 2022, with a median operating margin of −0.8%. 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 | 5 | weight 30% |
|---|---|---|
| Solidity | 40 | weight 25% |
| Liquidity | 16 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 7 | weight 15% |
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is Brunstad AS?
The operating margin was −9.5% in 2023, against a median of 5.0% among companies in the Morning class Medium in the same sector. Return on assets was −13.3%. The company made a loss before tax.
How solid is Brunstad AS?
The equity ratio was 32.1% in 2023 (median 36.4%). Debt-to-equity was 2.11 (median 1.72).
What is the liquidity of Brunstad AS like?
The current ratio was 1.02 in 2023 (median 1.49).
How does Brunstad AS compare in Industri?
Brunstad AS ranks 2,121 of 2,341 in Industri for 2023. Among companies in the Morning class Medium it is number 671 of 741.
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.
- 810859482
- Legal form
- AS · part of a group
- Sector
- Industri (31.000)
- Morning company class
- Medium
- Employees
- 31 registered 10 October 2026
- Founded
- 10 May 1961 65 years in operation
- Share capital
- 7.89 MNOK
- Business address
- Sykkylvsvegen 415, 6230 SYKKYLVEN
- Municipality
- Sykkylven rank 16–33 of 40 in KOSTRA group 1
- 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
- Karl Blakstad Ekornes
- Chair of the board
- Olaug Gunvor Strand Brunstad
- Board member
- Eivind Nygård
- Board member
- Kari Susanne Kjellstad
- Board member
- Rune Ivar Grøvdal
- Board member
- Karl Blakstad Ekornes
- Deputy member
- Monica Kalvatn
- Deputy member
- Bjørn Rune Sjåstad
- Deputy member
- Cecilie Kleiven Steinnes
- Deputy member
- Haakon Thor Brunstad
- Auditor
- Cedra Norge AS
Source: Central Coordinating Register, fetched 31 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 29 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 18 | 18 | 14 | |
| Rank | 2,121 | 2,252 | 2,313 | |
| Operating margin | −9.5% | −10.0% | −8.8% | |
| Return on assets | −13.3% | −17.2% | −15.7% | |
| Equity ratio | 32.1% | 24.9% | 9.9% | |
| Current ratio | 1.02 | 0.82 | 0.64 | |
| Revenue growth | – | 5.9% | 2.4% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 99.5 MNOK | 105.3 MNOK | 107.9 MNOK |
| Operating profit | −9.5 MNOK | −10.5 MNOK | −9.5 MNOK |
| Profit before tax | −10.2 MNOK | −11.5 MNOK | −10.7 MNOK |
| Net profit | −8.0 MNOK | −9.0 MNOK | −8.4 MNOK |
| Financial expenses | 2.9 MNOK | 2.2 MNOK | 2.6 MNOK |
| Total assets | 54.9 MNOK | 54.3 MNOK | 51.6 MNOK |
| Current assets | 27.6 MNOK | 29.9 MNOK | 28.1 MNOK |
| Equity | 17.6 MNOK | 13.5 MNOK | 5.1 MNOK |
| Retained earnings | −0.9 MNOK | −10.0 MNOK | −18.3 MNOK |
| Total liabilities | 37.2 MNOK | 40.7 MNOK | 46.5 MNOK |
| Current liabilities | 27.0 MNOK | 36.3 MNOK | 43.9 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 29 October 2026, accounts id 5198447.
Further
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