Simar AS
Score · fiscal year 2025
61of 100
How to read this: the company is ahead of 77 % of companies in the Morning class Micro in the same sector in 2025. What does this mean?
Rank in the Morning class Micro: 1,374 of 5,846 · What are Morning company classes?
Place in the whole sector: 1,810 of 7,895 · Eiendom
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 67 and solidity 61 out of 100 among companies in the Morning class Micro in the same sector in 2025. Methodology
Against the sector
Simar AS is 12 points above the median for companies in the Morning class Micro in the same sector in 2025.
Median score 49 among 5,845 companies.
Against companies in the Morning class Micro in the same sector in 2025: operating margin 34.6% (median 46.7%) and equity ratio 40.4% (median 26.7%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 3 MNOK | 3 MNOK |
| Operating margin | 34.6% | 46.7% |
| Profit margin | 446.3% | 22.4% |
| Return on assets | 47.2% | 7.7% |
| Equity ratio | 40.4% | 26.7% |
| Debt-to-equity | 1.48 | 2.20 |
| Current ratio | 1.33 | 1.40 |
| Revenue growth | 2.3% | 3.0% |
The median and “ahead of” refer to companies in the Morning class Micro in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 61, Simar AS does better than 77% of companies in the Morning class Micro in the same sector (5,846 companies) in 2025.
Score 2023–2025
- Simar AS
- Median: companies in the Morning class Micro in the same sector
Simar AS has a score of 61 for 2025, rank 1,810 of 7,895 in the sector.
Strongest: Consistency: percentile 82 against peers. Profitability: percentile 67 against peers, operating margin 34.6% against a median of 46.7%.
No area is clearly below its peers.
Worth a closer look
- The change in operating margin in 2025 was 0.8 percentage points weaker than for comparable companies: the company +0.5, the industry +1.3 points. That is the company's own, not something that hit the whole industry.
Written by fixed rules from the figures. Describes the figures, does not explain causes. Not investment or financial advice. How the summary is made
The industry or the company: what drove the result?
In 2025 the operating margin of Simar AS rose by 0.5 percentage points. Comparable companies rose by a median 1.3 points. So the company did 0.8 points weaker than the industry, for reasons of its own.
Over 2 year-to-year changes Simar AS moved the same way as comparable companies 1 times. About 30% of the changes in operating margin were common to the industry; the rest was the company's own.
| Year | The company | Comparable (median) | Change, company | Change, industry | The company's own |
|---|---|---|---|---|---|
| 2024 | 34.2% | 45.5% | −2.3 percentage points | +0.1 percentage points | −2.4 percentage points |
| 2025 | 34.6% | 46.7% | +0.5 percentage points | +1.3 percentage points | −0.8 percentage points |
Comparable companies are those in the same industry and Morning company class. Their change shows what hit the whole industry, the sector drivers below included. The rest is the company's own: contracts, costs, one-off items or operations. The share is approximate, and we claim no cause.
The company and its sector's drivers
Prices, rate and currency that shape the sector's year, year by year beside the operating margin of Simar AS. The figures stand side by side; we claim no cause.
House prices (existing homes) (indeks (2015 = 100))
House prices (existing homes) rose 5.5% in 2025; the operating margin of Simar AS rose 0.5 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| House prices (existing homes), annual average | 134.5 | 141.6 | 140.8 | 144.6 | 152.5 | 158.7 (so far) |
| Change from the year before | +10.5% | +5.2% | −0.5% | +2.7% | +5.5% | +4.1% |
| The company's operating margin | – | – | 36.5% | 34.2% | 34.6% | – |
Source: SSB (07221, CC BY 4.0). Source
Policy rate (prosent)
Policy rate fell 0.20 percentage points in 2025; the operating margin of Simar AS rose 0.5 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Policy rate, annual average | 0.08 | 1.32 | 3.54 | 4.50 | 4.30 | 4.17 (so far) |
| Change from the year before | −0.28 percentage points | +1.24 percentage points | +2.22 percentage points | +0.96 percentage points | −0.20 percentage points | −0.12 percentage points |
| The company's operating margin | – | – | 36.5% | 34.2% | 34.6% | – |
Source: Norges Bank (IR, NLOD 2.0). Source
Construction cost index for dwellings (indeks (2015 = 100))
Construction cost index for dwellings rose 4.3% in 2025; the operating margin of Simar AS rose 0.5 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Construction cost index for dwellings, annual average | 124.2 | 135.1 | 141.1 | 146.4 | 152.7 | 158.4 (so far) |
| Change from the year before | +8.7% | +8.8% | +4.4% | +3.7% | +4.3% | +3.7% |
| The company's operating margin | – | – | 36.5% | 34.2% | 34.6% | – |
Source: SSB (08651, CC BY 4.0). Source
Consumer price index (indeks (2025 = 100))
Consumer price index rose 3.0% in 2025; the operating margin of Simar AS rose 0.5 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Consumer price index, annual average | 84.3 | 89.2 | 94.1 | 97.0 | 100.0 | 102.9 (so far) |
| Change from the year before | +3.5% | +5.8% | +5.5% | +3.2% | +3.0% | +2.9% |
| The company's operating margin | – | – | 36.5% | 34.2% | 34.6% | – |
Source: SSB (14710, CC BY 4.0). Source
Wage index: real estate (indeks)
Wage index: real estate rose 5.2% in 2025; the operating margin of Simar AS rose 0.5 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Wage index: real estate, annual average | 91.7 | 94.3 | 96.8 | 103.2 | 108.5 | 111.3 (so far) |
| Change from the year before | +5.2% | +2.9% | +2.6% | +6.5% | +5.2% | +2.6% |
| The company's operating margin | – | – | 36.5% | 34.2% | 34.6% | – |
Source: SSB (12314, CC BY 4.0). Source
We show the drivers and the margin side by side and claim no cause. Sensitivity per company is not computed until we have at least 10 years of accounts per company: with three years such figures are false precision.
What the numbers say
Simar AS had an operating margin of 34.6% and an equity ratio of 40.4% in 2025, and ranks 1,810 of 7,895 in Eiendom.
No large changes in the key figures from 2024 to 2025.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 5 MNOK and 41 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.6 | 41 MNOK |
| EV/EBIT | 22.6 | 15 MNOK |
| P/B | 0.9 | 5 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
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 0.9% 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 2022, the sector's weakest year, for this company.
The sector's weakest year was 2022, with a median operating margin of 21.9%. 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 | 67 | weight 30% |
|---|---|---|
| Solidity | 61 | weight 25% |
| Liquidity | 49 | weight 15% |
| Growth | 41 | weight 15% |
| Consistency | 82 | weight 15% |
Durability: 59 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Simar AS?
The operating margin was 34.6% in 2025, against a median of 46.7% among companies in the Morning class Micro in the same sector. Return on assets was 47.2%.
How solid is Simar AS?
The equity ratio was 40.4% in 2025 (median 26.7%). Debt-to-equity was 1.48 (median 2.20).
What is the liquidity of Simar AS like?
The current ratio was 1.33 in 2025 (median 1.40).
How does Simar AS compare in Eiendom?
Simar AS ranks 1,810 of 7,895 in Eiendom for 2025. Among companies in the Morning class Micro it is number 1,374 of 5,846. Revenue changed by 2.3% 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.
Group structure · 2025
4 companies in the group according to the shareholder register for 2025. A company counts as a subsidiary when a Norwegian company owns more than half of its shares.
No owner holds more than half of the shares in Simar AS.
Simar AS has not filed group accounts in open data, so the group has no index of its own. Each company has its own accounts.
-
Simar AS you are here
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.
Source: the Norwegian Tax Administration's shareholder register 2025 (majority owner with more than 50 % of the shares). Voting agreements and ownership through other countries are not included.
From the Central Coordinating Register
- Org. no.
- 815841522
- Legal form
- AS · part of a group
- Sector
- Eiendom (68.200)
- Morning company class
- Micro
- Employees
- 0–4 (not registered)
- Founded
- 15 January 1976 50 years in operation
- Share capital
- 0.14 MNOK
- Business address
- Schleppegrells gate 7, 0556 OSLO
- Municipality
- Oslo rank 63–220 of 357 in Norway
- 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
Loading roles …
Source: Central Coordinating Register, fetched 1 November 2026. Only names are shown.
Shareholders (2025)
- Number of shareholders
- 7
- Largest owner
- 12.5% · top three 20.8%
- Split
- companies 5% · private persons 29% · foreign 0%
- Owners over 60
- 61% of the shares held by persons (median age 60)
- Simar AS · 13.8%
- 6 private persons · 28.7%
Change 2007–2025:
25% of the shares changed owner (4 new and 0 departed owners).
New owners (companies): Simar AS
Majority owner of: BJØRN SIMONSEN & Sønn AS (100%), AS STILLASER (100%), Bjørn Simonsen og Sønn Bygg AS (100%)
The portfolio: 4 of the companies it owns shares in have accounts with us, 3 of them as majority owner. The average index is 58. 0 have negative equity and 1 made a loss in the latest year.
Holds shares in: AS STILLASER (100%), Bjørn Simonsen og Sønn Bygg AS (100%), BJØRN SIMONSEN & Sønn AS (100%), Simar AS (5%)
The owners' shares do not add up to the company's total number of shares in the source.
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 29 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 58 | 58 | 61 | |
| Rank | 2,410 | 2,306 | 1,810 | |
| Operating margin | 36.5% | 34.2% | 34.6% | |
| Return on assets | 41.6% | 53.0% | 47.2% | |
| Equity ratio | 28.2% | 38.8% | 40.4% | |
| Current ratio | 0.94 | 0.88 | 1.33 | |
| Revenue growth | – | 2.1% | 2.3% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 2.6 MNOK | 2.6 MNOK | 2.7 MNOK |
| Operating profit | 0.9 MNOK | 0.9 MNOK | 0.9 MNOK |
| Profit before tax | 8.6 MNOK | 9.9 MNOK | 12.0 MNOK |
| Tax expense | 1.9 MNOK | 2.2 MNOK | 2.6 MNOK |
| Net profit | 6.7 MNOK | 7.7 MNOK | 9.4 MNOK |
| Financial expenses | 0.1 MNOK | 0.1 MNOK | 0.1 MNOK |
| Total assets | 20.7 MNOK | 18.9 MNOK | 25.7 MNOK |
| Current assets | 13.9 MNOK | 10.1 MNOK | 20.4 MNOK |
| Equity | 5.8 MNOK | 7.3 MNOK | 10.4 MNOK |
| Retained earnings | 5.7 MNOK | 7.2 MNOK | 10.2 MNOK |
| Total liabilities | 14.9 MNOK | 11.5 MNOK | 15.3 MNOK |
| Current liabilities | 14.9 MNOK | 11.5 MNOK | 15.3 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 29 October 2026, accounts id 6820172.
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