MIFO AS
Score · fiscal year 2025
49of 100
How to read this: the company is ahead of 46 % of companies in the Morning class Medium in the same sector in 2025. What does this mean?
Rank in the Morning class Medium: 957 of 1,765 · What are Morning company classes?
Place in the whole sector: 10,942 of 20,428 · Bygg og anlegg
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 44 and solidity 59 out of 100 among companies in the Morning class Medium in the same sector in 2025. Methodology
Against the sector
MIFO AS is 1 points below the median for companies in the Morning class Medium in the same sector in 2025.
Median score 50 among 1,764 companies.
Against companies in the Morning class Medium in the same sector in 2025: operating margin 2.0% (median 4.5%) and equity ratio 34.7% (median 30.4%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 114 MNOK | 91 MNOK |
| Operating margin | 2.0% | 4.5% |
| Profit margin | 8.3% | 4.5% |
| Return on assets | 13.6% | 11.4% |
| Equity ratio | 34.7% | 30.4% |
| Debt-to-equity | 1.88 | 2.23 |
| Current ratio | 1.81 | 1.38 |
| Revenue growth | −10.0% | 6.8% |
| Revenue per employee | 1.41 MNOK | 2.53 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 49, MIFO AS does better than 46% of companies in the Morning class Medium in the same sector (1,765 companies) in 2025.
Score 2023–2025
- MIFO AS
- Median: companies in the Morning class Medium in the same sector
MIFO AS has a score of 49 for 2025, rank 10,942 of 20,428 in the sector.
Strongest: Liquidity: percentile 79 against peers, current ratio 1.81 against a median of 1.38.
Weakest: Growth: percentile 21 against peers, revenue growth −10.0% against a median of 6.8%. Consistency: percentile 37 against peers.
Worth a closer look
- What lies behind weak growth, and will it last?
- 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
What the numbers say
MIFO AS had an operating margin of 2.0% and an equity ratio of 34.7% in 2025, and ranks 10,942 of 20,428 in Bygg og anlegg.
From 2024 to 2025: the operating margin rose from −1.8% to 2.0% and revenue fell by 10%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 30 MNOK and 83 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 83 MNOK |
| EV/EBIT | 8.0 | debt above value |
| P/B | 1.0 | 30 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 4.4% 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.
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 1.8%. 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 | 44 | weight 30% |
|---|---|---|
| Solidity | 59 | weight 25% |
| Liquidity | 79 | weight 15% |
| Growth | 21 | weight 15% |
| Consistency | 37 | weight 15% |
Durability: 48 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is MIFO AS?
The operating margin was 2.0% in 2025, against a median of 4.5% among companies in the Morning class Medium in the same sector. Return on assets was 13.6%.
How solid is MIFO AS?
The equity ratio was 34.7% in 2025 (median 30.4%). Debt-to-equity was 1.88 (median 2.23).
What is the liquidity of MIFO AS like?
The current ratio was 1.81 in 2025 (median 1.38).
How does MIFO AS compare in Bygg og anlegg?
MIFO AS ranks 10,942 of 20,428 in Bygg og anlegg for 2025. Among companies in the Morning class Medium it is number 957 of 1,765. Revenue changed by −10.0% from the year before.
Group accounts · 2025
51 of 100
Rank 95 of 198 groups in the Morning class Medium in Bygg og anlegg. Groups are ranked only against other groups in the same sector and class, never against single companies.
- Operating revenue, group
- 239 MNOK
- Operating profit, group
- 10 MNOK
- Profit before tax, group
- 9 MNOK
- Total assets, group
- 117 MNOK
- Equity, group
- 36 MNOK
| Key figure | The group | The company alone (2025) |
|---|---|---|
| Operating margin | 4.3% | 2.0% |
| Return on assets | 9.8% | 13.6% |
| Equity ratio | 30.5% | 34.7% |
| Current ratio | 1.89 | 1.81 |
| Revenue growth | 6.1% | −10.0% |
Group index in earlier years: 2023: 47 (184 of 349), 2024: 53 (102 of 221).
Same formulas and weights as the company index. Group and company are never added together, and the group accounts are not part of sector averages or company rankings.
Source: Brønnøysund Register Centre, group accounts 2025 (open data, NLOD 2.0).
We do not show the group structure, because open data does not say who owns whom.
From the Central Coordinating Register
- Org. no.
- 851450912
- Legal form
- AS
- Sector
- Bygg og anlegg (43.210)
- Morning company class
- Medium
- Employees
- 81 registered 10 October 2026
- Founded
- 28 March 1989 37 years in operation
- Share capital
- 1.05 MNOK
- Business address
- Verftsgata 8, 6416 MOLDE
- Municipality
- Molde rank 1–8 of 13 in KOSTRA group 10
- 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
- Daniel Moen
- Chair of the board
- Jan Petter Storetvedt
- Board member
- Odd Ivar Moen
- Board member
- Atle Reinset Angvik
- Board member
- Heidi Anita Nilsen
- Auditor
- CEDRA NORGE AS
Source: Central Coordinating Register, fetched 29 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 26 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 55 | 39 | 49 | |
| Rank | 7,920 | 13,661 | 10,942 | |
| Operating margin | −4.8% | −1.8% | 2.0% | |
| Return on assets | −5.3% | 1.8% | 13.6% | |
| Equity ratio | 47.0% | 30.8% | 34.7% | |
| Current ratio | 1.58 | 1.68 | 1.81 | |
| Revenue growth | – | 3.2% | −10.0% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 123.0 MNOK | 126.9 MNOK | 114.2 MNOK |
| Operating profit | −5.9 MNOK | −2.3 MNOK | 2.3 MNOK |
| Profit before tax | −3.3 MNOK | 0.4 MNOK | 9.4 MNOK |
| Net profit | −2.3 MNOK | 0.3 MNOK | 8.3 MNOK |
| Financial expenses | 0.0 MNOK | 1.0 MNOK | 2.5 MNOK |
| Total assets | 61.1 MNOK | 81.3 MNOK | 87.7 MNOK |
| Current assets | 49.5 MNOK | 33.3 MNOK | 41.3 MNOK |
| Equity | 28.7 MNOK | 25.0 MNOK | 30.4 MNOK |
| Retained earnings | 27.7 MNOK | 24.2 MNOK | 29.7 MNOK |
| Total liabilities | 32.4 MNOK | 56.3 MNOK | 57.3 MNOK |
| Current liabilities | 31.4 MNOK | 19.9 MNOK | 22.8 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 6700640.
Further
Similar companies
- RETT BYGG AS index 49, rank 10,926 · compare
- ISACHSEN TRANSPORTSERVICE AS index 49, rank 10,935 · compare
- ABCHUS AS index 49, rank 10,945 · compare
- ELEKTROSERVICE HALLINGDAL INSTALLASJON AS index 49, rank 10,960 · compare
- BYEMARK STÅL AS index 49, rank 10,976 · compare