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Synfaring AS

Org. no. 820918312 · Alver · Founded 2018 · 41 employees

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Score · fiscal year 2025

62of 100

How to read this: the company is ahead of 75 % of companies in the Morning class Medium in the same sector in 2025. What does this mean?

Rank in the Morning class Medium: 137 of 547 · What are Morning company classes?
Place in the whole sector: 1,027 of 4,004 · Teknisk tjenesteyting og forskning

Profile

Lion · Leader

High profitability, high solidity

Position against comparable companies in 2025, not a verdict on the company. Based on profitability 58 and solidity 55 out of 100 among companies in the Morning class Medium in the same sector in 2025. Methodology

Against the sector

Synfaring AS is 12 points above the median for companies in the Morning class Medium in the same sector in 2025.

Median score 50 among 547 companies.

Against companies in the Morning class Medium in the same sector in 2025: operating margin 6.6% (median 5.5%) and equity ratio 36.5% (median 32.4%).

Source: Register of Company Accounts and Central Coordinating RegisterFetched 30 October 2026Report an issue
Key figures · 2025

The numbers behind the score

The numbers behind the score · 2025
MeasureCompanyMedianAhead of
Operating revenue60 MNOK96 MNOK
Operating margin 6.6% 5.5% 55 %
Profit margin 6.0% 5.5% shown, not part of the index
Return on assets 16.8% 12.5% 60 %
Equity ratio 36.5% 32.4% 55 %
Debt-to-equity 1.74 1.98 54 %
Current ratio 1.82 1.34 77 %
Revenue growth 11.2% 9.9% 53 %
Revenue per employee1.47 MNOK2.99 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 62, Synfaring AS does better than 75% of companies in the Morning class Medium in the same sector (547 companies) in 2025.

Over time

Score 2023–2025

CompanyMedian0255075100202320242025
  • Synfaring AS
  • Median: companies in the Morning class Medium in the same sector
Summary analysis

Synfaring AS has a score of 62 for 2025, rank 1,027 of 4,004 in the sector.

Strongest: Liquidity: percentile 77 against peers, current ratio 1.82 against a median of 1.34. Consistency: percentile 76 against peers.

No area is clearly below its peers.

Worth a closer look

  • The change in operating margin in 2025 was 0.6 percentage points better than for comparable companies: the company +0.9, the industry +0.3 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 Synfaring AS rose by 0.9 percentage points. Comparable companies rose by a median 0.3 points. So the company did 0.6 points better than the industry, for reasons of its own.

Over 2 year-to-year changes Synfaring AS moved the same way as comparable companies 1 times. About 14% of the changes in operating margin were common to the industry; the rest was the company's own.

The operating margin of Synfaring AS against comparable companies, year by year
YearThe companyComparable (median) Change, companyChange, industryThe company's own
20245.7%5.2% +1.9 percentage points +0.1 percentage points +1.8 percentage points
20256.6%5.5% +0.9 percentage points +0.3 percentage points +0.6 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 Synfaring AS. The figures stand side by side; we claim no cause.

Turnover index: architectural and engineering activities (indeks (2021 = 100))

Turnover index: architectural and engineering activities rose 8.1% in 2025; the operating margin of Synfaring AS rose 0.9 percentage points.

Turnover index: architectural and engineering activities per year and the operating margin of Synfaring AS
Measure202120222023202420252026
Turnover index: architectural and engineering activities, annual average99.0108.8127.9146.4158.3155.2 (so far)
Change from the year before+9.8%+9.9%+17.5%+14.5%+8.1%−1.9%
The company's operating margin––3.9%5.7%6.6%–

Source: SSB (13863, CC BY 4.0). Source

Turnover index: advertising and market research (indeks (2021 = 100))

Turnover index: advertising and market research rose 3.6% in 2025; the operating margin of Synfaring AS rose 0.9 percentage points.

Turnover index: advertising and market research per year and the operating margin of Synfaring AS
Measure202120222023202420252026
Turnover index: advertising and market research, annual average99.4113.5108.3106.9110.7126.1 (so far)
Change from the year before+35.1%+14.2%−4.6%−1.3%+3.6%+13.9%
The company's operating margin––3.9%5.7%6.6%–

Source: SSB (13863, CC BY 4.0). Source

Turnover index: other professional and technical activities (indeks (2021 = 100))

Turnover index: other professional and technical activities rose 6.2% in 2025; the operating margin of Synfaring AS rose 0.9 percentage points.

Turnover index: other professional and technical activities per year and the operating margin of Synfaring AS
Measure202120222023202420252026
Turnover index: other professional and technical activities, annual average98.3121.6139.4131.0139.1158.0 (so far)
Change from the year before+29.9%+23.7%+14.6%−6.0%+6.2%+13.6%
The company's operating margin––3.9%5.7%6.6%–

Source: SSB (13863, CC BY 4.0). Source

Service prices: architects and engineering (indeks (2021 = 100))

Service prices: architects and engineering rose 3.2% in 2025; the operating margin of Synfaring AS rose 0.9 percentage points.

Service prices: architects and engineering per year and the operating margin of Synfaring AS
Measure202120222023202420252026
Service prices: architects and engineering, annual average100.0103.6107.5111.2114.7119.4 (so far)
Change from the year before+1.2%+3.5%+3.8%+3.4%+3.2%+4.2%
The company's operating margin––3.9%5.7%6.6%–

Source: SSB (14335, CC BY 4.0). Source

Oil price (export price of crude oil) (kr per fat)

Oil price (export price of crude oil) fell 17.6% in 2025; the operating margin of Synfaring AS rose 0.9 percentage points.

Oil price (export price of crude oil) per year and the operating margin of Synfaring AS
Measure202120222023202420252026
Oil price (export price of crude oil), annual average609979877859708881 (so far)
Change from the year before+61.1%+60.8%−10.5%−2.0%−17.6%+24.5%
The company's operating margin––3.9%5.7%6.6%–

Source: SSB (08799, CC BY 4.0). Source

Policy rate (prosent)

Policy rate fell 0.20 percentage points in 2025; the operating margin of Synfaring AS rose 0.9 percentage points.

Policy rate per year and the operating margin of Synfaring AS
Measure202120222023202420252026
Policy rate, annual average0.081.323.544.504.304.17 (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––3.9%5.7%6.6%–

Source: Norges Bank (IR, NLOD 2.0). Source

EUR/NOK (kr)

EUR/NOK rose 0.8% in 2025; the operating margin of Synfaring AS rose 0.9 percentage points.

EUR/NOK per year and the operating margin of Synfaring AS
Measure202120222023202420252026
EUR/NOK, annual average10.1610.1011.4211.6211.7211.04 (so far)
Change from the year before−5.2%−0.6%+13.1%+1.8%+0.8%−5.8%
The company's operating margin––3.9%5.7%6.6%–

Source: Norges Bank (EXR, NLOD 2.0). Source

Wage index: architects and engineering (indeks)

Wage index: architects and engineering rose 4.7% in 2025; the operating margin of Synfaring AS rose 0.9 percentage points.

Wage index: architects and engineering per year and the operating margin of Synfaring AS
Measure202120222023202420252026
Wage index: architects and engineering, annual average90.590.996.0100.9105.6109.2 (so far)
Change from the year before+7.4%+0.5%+5.6%+5.2%+4.7%+3.4%
The company's operating margin––3.9%5.7%6.6%–

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.

Analysis · 2025

What the numbers say

Synfaring AS had an operating margin of 6.6% and an equity ratio of 36.5% in 2025, and ranks 1,027 of 4,004 in Teknisk tjenesteyting og forskning.

From 2024 to 2025: the equity ratio rose from 27.1% to 36.5% and revenue grew by 11%.

This text is generated automatically from the 2025 accounts.

Estimated value · 2025

Three simple methods

The methods give between 14 MNOK and 22 MNOK.

MethodInputMultipleListed basisEstimate
P/E Net profit (mean 2023–2025): 1.9 MNOK 18.6 35 MNOK 17 MNOK
EV/EBIT Operating profit (mean 2023–2025): 2.9 MNOK
minus net debt 0.3 MNOK		 15.9 46 MNOK 22 MNOK
P/B Equity: 8.7 MNOK 3.2 28 MNOK 14 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

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 2.4% 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 · 2021

Scenario analysis: the sector's weakest year

We have no accounts for 2021, the sector's weakest year, for this company.

The sector's weakest year was 2021, with a median operating margin of −0.2%. Based on the 8 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology

Components · 2025

What the score is made of

Profitability58 weight 30%
Solidity55 weight 25%
Liquidity77 weight 15%
Growth53 weight 15%
Consistency76 weight 15%

Durability: 52 (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 Synfaring AS?

The operating margin was 6.6% in 2025, against a median of 5.5% among companies in the Morning class Medium in the same sector. Return on assets was 16.8%.

How solid is Synfaring AS?

The equity ratio was 36.5% in 2025 (median 32.4%). Debt-to-equity was 1.74 (median 1.98).

What is the liquidity of Synfaring AS like?

The current ratio was 1.82 in 2025 (median 1.34).

How does Synfaring AS compare in Teknisk tjenesteyting og forskning?

Synfaring AS ranks 1,027 of 4,004 in Teknisk tjenesteyting og forskning for 2025. Among companies in the Morning class Medium it is number 137 of 547. Revenue changed by 11.2% from the year before.

Group structure · 2025

8 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.

Private persons own 100% of the shares in Bgf AS. Persons are not shown by name.

Bgf AS has not filed group accounts in open data, so the group has no index of its own. Each company has its own accounts.

  • Bgf AS not in our data
    • Rettvendt AS 77% owned · not in our data
      • MF 1 Holding AS 56% owned · not in our data
        • Synfaring AS you are here 100% owned · operating · index 62 · number 1027 of 4004 in Teknisk tjenesteyting og forskning
          • Org. no. 921446055 70% owned · not in our data
          • Synfaring Møre AS 70% owned · not in our data
        • Org. no. 927193493 100% owned · not in our data
        • MF 1 Eiendom AS 100% owned · not in our data

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.

Public contracts

Contracts awarded since 2024
2
Total awarded value since 2024
8.8 MNOK
Framework agreements
1
Left out of the total: the value is a ceiling, not actual spend.
DateBuyerNotice ValueCPV
5 June 2026 Sjøfartsdirektoratet Tjenestekonsesjonsavtale - Godkjente foretak 8.8 MNOK 75000000
19 September 2025 Bergen kommune - Etat for bygg og eiendom Kontraktstildeling - R0005EBE - Rammeavtale Kontroll av festeanordninger 14.0 MNOK (framework) 71700000

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.
820918312
Legal form
AS
Sector
Teknisk tjenesteyting og forskning (71.129)
Morning company class
Medium
Employees
41 registered 10 October 2026
Founded
10 May 2018 8 years in operation
Share capital
0.43 MNOK
Business address
Mjåtveitflaten 23, 5918 FREKHAUG (ALVER)
Municipality
Alver rank 13–24 of 27 in KOSTRA group 9
Latest accounts filed
2025
The company's business municipality, Alver. The map shows the municipality, not the address. Map source: Kartverket (CC BY 4.0).

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
1 (one owner)
Largest owner
100.0%
Split
companies 100% · private persons 0% · foreign 0%
Owned from the same municipality
100%
Group chain
Owned by: MF 1 Holding AS (100%)
Ultimate owner: private person

The company is new in the shareholder register in 2025.

Majority owner of: Synfaring Møre AS (70%)

Holds shares in: Synfaring Møre AS (70%)

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.

Report an issue

Figures last fetched 30 October 2026.

Details

Year by year · 2023–2025

Key figure202320242025Trend
Index365962
Rank2,7431,2501,027
Operating margin3.9%5.7%6.6%
Return on assets7.9%14.2%16.8%
Equity ratio19.9%27.1%36.5%
Current ratio1.261.661.82
Revenue growth–36.6%11.2%

Accounts

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

Key figure202320242025
Operating revenue39.7 MNOK54.3 MNOK60.3 MNOK
Operating profit1.5 MNOK3.1 MNOK4.0 MNOK
Profit before tax1.1 MNOK2.6 MNOK3.6 MNOK
Tax expense0.3 MNOK0.6 MNOK0.9 MNOK
Net profit0.8 MNOK2.0 MNOK2.8 MNOK
Financial expenses0.4 MNOK0.5 MNOK0.4 MNOK
Total assets19.6 MNOK21.9 MNOK23.9 MNOK
Current assets14.5 MNOK17.3 MNOK19.9 MNOK
Equity3.9 MNOK5.9 MNOK8.7 MNOK
Retained earnings3.5 MNOK5.5 MNOK8.3 MNOK
Total liabilities15.7 MNOK15.9 MNOK15.2 MNOK
Current liabilities11.5 MNOK10.4 MNOK10.9 MNOK

Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 30 October 2026, accounts id 7105443.

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