Norbase AS
Score · fiscal year 2025
78of 100
How to read this: the company is ahead of 95 % of companies in the Morning class Medium in the same sector in 2025. What does this mean?
Rank in the Morning class Medium: 23 of 474 · What are Morning company classes?
Place in the whole sector: 92 of 1,660 · Transport og lagring
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 91 and solidity 77 out of 100 among companies in the Morning class Medium in the same sector in 2025. Methodology
Against the sector
Norbase AS is 28 points above the median for companies in the Morning class Medium in the same sector in 2025.
Median score 50 among 474 companies.
Against companies in the Morning class Medium in the same sector in 2025: operating margin 19.6% (median 3.7%) and equity ratio 47.4% (median 27.7%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 96 MNOK | 104 MNOK |
| Operating margin | 19.6% | 3.7% |
| Profit margin | 4.9% | 3.4% |
| Return on assets | 25.2% | 8.8% |
| Equity ratio | 47.4% | 27.7% |
| Debt-to-equity | 1.11 | 2.44 |
| Current ratio | 1.47 | 1.27 |
| Revenue growth | 32.0% | 8.4% |
| Revenue per employee | 16.03 MNOK | 2.01 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 78, Norbase AS does better than 95% of companies in the Morning class Medium in the same sector (474 companies) in 2025.
Score 2023–2025
- Norbase AS
- Median: companies in the Morning class Medium in the same sector
Norbase AS has a score of 78 for 2025, rank 92 of 1,660 in the sector.
Strongest: Profitability: percentile 91 against peers, operating margin 19.6% against a median of 3.7%. Growth: percentile 87 against peers, revenue growth 32.0% against a median of 8.4%.
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
What the numbers say
Norbase AS had an operating margin of 19.6% and an equity ratio of 47.4% in 2025, and ranks 92 of 1,660 in Transport og lagring.
From 2024 to 2025: revenue grew by 32% and the operating margin rose from 17.4% to 19.6%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 8 MNOK and 146 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 8 MNOK |
| EV/EBIT | 8.0 | 146 MNOK |
| P/B | 1.0 | 37 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
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 36.3% 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.
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 3.0%. Based on the 8 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 91 | weight 30% |
|---|---|---|
| Solidity | 77 | weight 25% |
| Liquidity | 65 | weight 15% |
| Growth | 87 | weight 15% |
| Consistency | 60 | weight 15% |
Durability: 77 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Norbase AS?
The operating margin was 19.6% in 2025, against a median of 3.7% among companies in the Morning class Medium in the same sector. Return on assets was 25.2%.
How solid is Norbase AS?
The equity ratio was 47.4% in 2025 (median 27.7%). Debt-to-equity was 1.11 (median 2.44).
What is the liquidity of Norbase AS like?
The current ratio was 1.47 in 2025 (median 1.27).
How does Norbase AS compare in Transport og lagring?
Norbase AS ranks 92 of 1,660 in Transport og lagring for 2025. Among companies in the Morning class Medium it is number 23 of 474. Revenue changed by 32.0% 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.
- 829199122
- Legal form
- AS · part of a group
- Sector
- Transport og lagring (52.250)
- Morning company class
- Medium
- Employees
- 6 registered 10 October 2026
- Founded
- 26 March 1980 46 years in operation
- Share capital
- 0.38 MNOK
- Business address
- Stangnesterminalen 6, 9409 HARSTAD
- Municipality
- Harstad rank 8–22 of 27 in KOSTRA group 9
- 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.
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 30 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 80 | 72 | 78 | |
| Rank | 159 | 208 | 92 | |
| Operating margin | 15.5% | 17.4% | 19.6% | |
| Return on assets | 14.0% | 15.4% | 25.2% | |
| Equity ratio | 49.0% | 47.7% | 47.4% | |
| Current ratio | 1.47 | 1.42 | 1.47 | |
| Revenue growth | – | 7.0% | 32.0% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 68.1 MNOK | 72.9 MNOK | 96.2 MNOK |
| Operating profit | 10.5 MNOK | 12.7 MNOK | 18.9 MNOK |
| Profit before tax | 10.8 MNOK | 4.0 MNOK | 4.7 MNOK |
| Net profit | 8.7 MNOK | 1.5 MNOK | 0.8 MNOK |
| Financial expenses | 1.6 MNOK | 9.2 MNOK | 14.7 MNOK |
| Total assets | 88.3 MNOK | 85.6 MNOK | 77.1 MNOK |
| Current assets | 22.3 MNOK | 26.7 MNOK | 26.8 MNOK |
| Equity | 43.3 MNOK | 40.8 MNOK | 36.5 MNOK |
| Retained earnings | 42.9 MNOK | 40.4 MNOK | 36.2 MNOK |
| Total liabilities | 45.0 MNOK | 44.8 MNOK | 40.6 MNOK |
| Current liabilities | 15.2 MNOK | 18.7 MNOK | 18.2 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 30 October 2026, accounts id 7204924.
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