Rab Engineering AS
Not financial advice. The index, rank, signals and advice are rule-based indications from the latest filed annual accounts. They are not a credit rating, an assessment of management or a recommendation to buy, sell or do business with the company. Read more
Score · fiscal year 2025
70of 100
How to read this: the company is ahead of 85 % of companies in the Morning class Micro in the same sector in 2025. What does this mean?
Rank in the Morning class Micro: 502 of 3,270 · What are Morning company classes?
Place in the whole sector: 769 of 5,554 · Teknisk tjenesteyting og forskning
Profile
Cheetah · Sprinter
High profitability, lower resilience
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 94 and resilience 42 out of 100 among companies in the Morning class Micro in the same sector in 2025. Methodology
Against the sector
Rab Engineering AS is 19 points above the median for companies in the Morning class Micro in the same sector in 2025.
Median score 51 among 3,269 companies.
Against companies in the Morning class Micro in the same sector in 2025: operating margin 46.4% (median 5.5%) and equity ratio 47.6% (median 41.9%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 3 MNOK | 3 MNOK |
| Operating margin | 46.4% | 5.5% |
| Profit margin | 46.1% | 5.2% |
| Return on assets | 60.1% | 10.8% |
| Equity ratio | 47.6% | 41.9% |
| Debt-to-equity | 1.10 | 1.09 |
| Current ratio | 0.88 | 1.68 |
| Revenue growth | – | 6.0% |
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 70, Rab Engineering AS does better than 85% of companies in the Morning class Micro in the same sector (3,270 companies) in 2025.
Score over time
Score over time needs at least two fiscal years with a score. It will appear when next year's figures are fetched or history is imported.
Rab Engineering AS has a score of 70 for 2025, rank 769 of 5,554 in the sector.
Strongest: Profitability: percentile 94 against peers, operating margin 46.4% against a median of 5.5%.
Weakest: Liquidity: percentile 16 against peers, current ratio 0.88 against a median of 1.68. Consistency: percentile 32 against peers.
Worth a closer look
- Consider strengthening liquidity: current liabilities are 1.1 times current assets. Based on: current ratio 0.88 (median 1.68).
- What lies behind weak consistency, and will it last?
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?
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 Rab Engineering AS. The figures stand side by side; we claim no cause.
Turnover index: architectural and engineering activities (indeks (2021 = 100))
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Turnover index: architectural and engineering activities, annual average | 99.0 | 108.8 | 127.9 | 146.4 | 158.3 | 155.2 (so far) |
| Change from the year before | +9.8% | +9.9% | +17.5% | +14.5% | +8.1% | −1.9% |
| The company's operating margin | – | – | – | – | 46.4% | – |
Source: SSB (13863, CC BY 4.0). Source
Turnover index: advertising and market research (indeks (2021 = 100))
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Turnover index: advertising and market research, annual average | 99.4 | 113.5 | 108.3 | 106.9 | 110.7 | 126.1 (so far) |
| Change from the year before | +35.1% | +14.2% | −4.6% | −1.3% | +3.6% | +13.9% |
| The company's operating margin | – | – | – | – | 46.4% | – |
Source: SSB (13863, CC BY 4.0). Source
Turnover index: other professional and technical activities (indeks (2021 = 100))
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Turnover index: other professional and technical activities, annual average | 98.3 | 121.6 | 139.4 | 131.0 | 139.1 | 158.0 (so far) |
| Change from the year before | +29.9% | +23.7% | +14.6% | −6.0% | +6.2% | +13.6% |
| The company's operating margin | – | – | – | – | 46.4% | – |
Source: SSB (13863, CC BY 4.0). Source
Service prices: architects and engineering (indeks (2021 = 100))
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Service prices: architects and engineering, annual average | 100.0 | 103.6 | 107.5 | 111.2 | 114.7 | 119.4 (so far) |
| Change from the year before | +1.2% | +3.5% | +3.8% | +3.4% | +3.2% | +4.2% |
| The company's operating margin | – | – | – | – | 46.4% | – |
Source: SSB (14335, CC BY 4.0). Source
Oil price (export price of crude oil) (kr per fat)
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Oil price (export price of crude oil), annual average | 609 | 979 | 877 | 859 | 708 | 881 (so far) |
| Change from the year before | +61.1% | +60.8% | −10.5% | −2.0% | −17.6% | +24.5% |
| The company's operating margin | – | – | – | – | 46.4% | – |
Source: SSB (08799, CC BY 4.0). Source
Policy rate (prosent)
| 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 | – | – | – | – | 46.4% | – |
Source: Norges Bank (IR, NLOD 2.0). Source
EUR/NOK (kr)
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| EUR/NOK, annual average | 10.16 | 10.10 | 11.42 | 11.62 | 11.72 | 11.04 (so far) |
| Change from the year before | −5.2% | −0.6% | +13.1% | +1.8% | +0.8% | −5.8% |
| The company's operating margin | – | – | – | – | 46.4% | – |
Source: Norges Bank (EXR, NLOD 2.0). Source
Wage index: architects and engineering (indeks)
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Wage index: architects and engineering, annual average | 90.5 | 90.9 | 96.0 | 100.9 | 105.6 | 109.2 (so far) |
| Change from the year before | +7.4% | +0.5% | +5.6% | +5.2% | +4.7% | +3.4% |
| The company's operating margin | – | – | – | – | 46.4% | – |
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
Rab Engineering AS had an operating margin of 46.4% and an equity ratio of 47.6% in 2025, and ranks 769 of 5,554 in Teknisk tjenesteyting og forskning.
From 2024 to 2025: the equity ratio fell from 100.0% to 47.6%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 2 MNOK and 13 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 14.9 | 5 MNOK |
| EV/EBIT | 14.3 | 13 MNOK |
| P/B | 2.3 | 2 MNOK |
| EV/EBIT: from enterprise value to equity | NOK |
|---|---|
| Enterprise value (EV) at the listed multiple | 22 MNOK |
| Enterprise value after the size adjustment | 13 MNOK |
| Less net debt (rough figure) | 0 MNOK |
| Equity value | 13 MNOK |
Net debt is a rough figure: long-term liabilities minus cash. The accounts do not split interest-bearing debt from other liabilities, and short-term borrowings are not included. The size adjustment applies to the enterprise value, not to the debt.
The listed basis is the value at listed multiples. The estimate is lowered for size: a small-company premium of 4% on the cost of equity gives a value 38% lower. No separate marketability discount is applied, because the premium already allows for the company being small and unlisted.
The multiples are from the listed industry that matches the NACE code (71.1): Engineering/Construction.
Not financial advice. The value range is a rough model estimate from listed-company multiples, not a valuation, a price target or a price offer. The actual value may differ greatly. Read more
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
- watch
Consider strengthening liquidity: current liabilities are 1.1 times current assets.
Based on: Current ratio 0.88 (median 1.68).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 0.7% 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 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
What the score is made of
| Profitability | 94 | weight 40% |
|---|---|---|
| Solidity | 53 | weight 20% |
| Liquidity | 16 | weight 5% |
| Growth | – | no data, left out |
| Consistency | 32 | weight 10% |
Three goals: profitability 40%, growth 25%, resilience 35%. Why these weights?
Index version 3. Data completeness 75%: the share of the weights that had data.
Questions and answers
How profitable is Rab Engineering AS?
The operating margin was 46.4% in 2025, against a median of 5.5% among companies in the Morning class Micro in the same sector. Return on assets was 60.1%.
How solid is Rab Engineering AS?
The equity ratio was 47.6% in 2025 (median 41.9%). Debt-to-equity was 1.10 (median 1.09).
What is the liquidity of Rab Engineering AS like?
The current ratio was 0.88 in 2025 (median 1.68). Current assets did not cover current liabilities.
How does Rab Engineering AS compare in Teknisk tjenesteyting og forskning?
Rab Engineering AS ranks 769 of 5,554 in Teknisk tjenesteyting og forskning for 2025. Among companies in the Morning class Micro it is number 502 of 3,270.
Competitors
The 8 closest competitors in the same line of business, placed in the same matrix as the sector page: profitability up, resilience to the right. These are the companies the competitor analysis and the strategy report compare with.
| Company | Profile | Operating revenue | Operating margin | Score |
|---|---|---|---|---|
| Scitus AS |  Lion |
3 MNOK | 53.4% | 77 |
| Rab Engineering AS (this company) |  Cheetah |
3 MNOK | 46.4% | 70 |
| Armand Consulting AS |  Beaver |
3 MNOK | 0.4% | 46 |
| Capiro AS |  Elephant |
3 MNOK | −3.2% | 48 |
| Sikkerhetskompetanse AS | Cheetah |
3 MNOK | 12.7% | 49 |
| Masterproject AS | Lion |
3 MNOK | 51.3% | 77 |
| Dptech AS | Cheetah |
3 MNOK | 48.0% | 61 |
| Njord Clean Air Norge AS | Beaver |
3 MNOK | −2.1% | 21 |
| Eit Engineering East AS | Cheetah |
3 MNOK | 7.9% | 52 |
The selection is the closest in revenue within the same industry code. When you order, you can swap competitors. Order competitor analysis
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
3 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 Coconut Investment AS. Persons are not shown by name.
Coconut Investment AS has not filed group accounts in open data, so the group has no index of its own. Each company has its own accounts.
The group in figures
- Sectors
- Teknisk tjenesteyting og forskning (2 companies), Handel (1 company) 3 of 3 companies in the tree have accounts with us. Sectors are sorted by the companies' own revenue, which includes sales between the group's companies.
- Negative equity
- 2 companies: Coconut Investment AS, Kandiah AS
- Loss
- 2 companies: Coconut Investment AS, Kandiah AS
- Changed 2024–2025
- 1 company joined the group: Kandiah AS.
A subsidiary with negative equity or a loss may be backed by the group, for example with group contributions or guarantees. It is an indication of what is worth asking about, not an assessment.
-
Coconut Investment AS
- Rab Engineering AS you are here
- Kandiah AS
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.
- 834625512
- Legal form
- AS · part of a group
- Sector
- Teknisk tjenesteyting og forskning (71.129)
- Morning company class
- Micro
- Employees
- 0–4 (not registered)
- Founded
- 6 December 2024 1 years in operation
- Share capital
- 0.03 MNOK
- Business address
- Idas vei 107, 0981 OSLO
- Municipality
- Oslo rank 63–220 of 357 in Norway
- Audit
- Audit opted out from 10 December 2024
- 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
- 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: Coconut Investment AS (100%)
Ultimate owner: private person
The owner: the majority owner Coconut Investment AS (holds 100%) had negative equity in 2025. made a loss in 2025. A weak parent can affect the subsidiary through group contributions, loans and guarantees. It is an indication to watch, not an assessment of the company.
- Coconut Investment AS · 100.0%
The company is new in the shareholder register in 2025.
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.
Is this your company? Suggest changes or add information
Figures last fetched 30 October 2026.
Year by year · 2024–2025
| Key figure | 2024 | 2025 | Trend |
|---|---|---|---|
| Index | – | 70 | |
| Rank | – | 769 | |
| Operating margin | – | 46.4% | |
| Return on assets | 0.0% | 60.1% | |
| Equity ratio | 100.0% | 47.6% | |
| Current ratio | – | 0.88 | |
| Revenue growth | – | – |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2024 | 2025 |
|---|---|---|
| Operating revenue | – | 3.3 MNOK |
| Operating profit | – | 1.5 MNOK |
| Profit before tax | 0.0 MNOK | 1.5 MNOK |
| Tax expense | 0.0 MNOK | 0.3 MNOK |
| Net profit | 0.0 MNOK | 1.2 MNOK |
| Financial expenses | – | 0.0 MNOK |
| Total assets | 0.0 MNOK | 2.5 MNOK |
| Current assets | 0.0 MNOK | 0.8 MNOK |
| Equity | 0.0 MNOK | 1.2 MNOK |
| Retained earnings | – | 1.2 MNOK |
| Total liabilities | 0.0 MNOK | 1.3 MNOK |
| Current liabilities | – | 1.0 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 30 October 2026, accounts id 6559405.
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