Arand 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
51of 100
How to read this: the company is ahead of 49 % of companies in the Morning class Micro in the same sector in 2025. What does this mean?
Rank in the Morning class Micro: 168 of 326 · What are Morning company classes?
Place in the whole sector: 328 of 664 · Finans og forsikring
Profile
Elephant · Steward
Lower profitability, high resilience
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 43 and resilience 59 out of 100 among companies in the Morning class Micro in the same sector in 2025. Methodology
Against the sector
Arand AS is at the median for companies in the Morning class Micro in the same sector in 2025.
Median score 51 among 326 companies.
Against companies in the Morning class Micro in the same sector in 2025: operating margin 77.0% (median 60.6%) and equity ratio 93.6% (median 83.9%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 2 MNOK | 3 MNOK |
| Operating margin | 77.0% | 60.6% |
| Profit margin | 75.2% | 61.8% |
| Return on assets | 5.7% | 13.8% |
| Equity ratio | 93.6% | 83.9% |
| Debt-to-equity | 0.07 | 0.17 |
| Current ratio | 15.52 | 4.66 |
| Revenue growth | – | 9.5% |
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 51, Arand AS does better than 49% of companies in the Morning class Micro in the same sector (326 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.
Arand AS has a score of 51 for 2025, rank 328 of 664 in the sector.
Strongest: Liquidity: percentile 70 against peers, current ratio 15.52 against a median of 4.66. Solidity: percentile 66 against peers, equity ratio 93.6% against a median of 83.9%.
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
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 Arand AS. The figures stand side by side; we claim no cause.
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 | – | – | −14.1% | – | 77.0% | – |
Source: Norges Bank (IR, NLOD 2.0). Source
Consumer price index (indeks (2025 = 100))
| 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 | – | – | −14.1% | – | 77.0% | – |
Source: SSB (14710, CC BY 4.0). Source
Wage index: financial services (indeks)
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Wage index: financial services, annual average | 87.1 | 90.4 | 94.2 | 98.9 | 103.5 | 107.3 (so far) |
| Change from the year before | +2.9% | +3.8% | +4.1% | +5.0% | +4.6% | +3.7% |
| The company's operating margin | – | – | −14.1% | – | 77.0% | – |
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
Arand AS had an operating margin of 77.0% and an equity ratio of 93.6% in 2025, and ranks 328 of 664 in Finans og forsikring.
From 2024 to 2025: went from a loss to a profit before tax.
This text is generated automatically from the 2025 accounts.
Three simple methods
One method gives a figure: 15 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 12.3 | not meaningful |
| EV/EBIT | – | not used in the sector |
| P/B | 1.2 | 15 MNOK |
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 NACE code has no listed industry of its own in the table, so the multiples are the sector median: Bank (Money Center), Banks (Regional), Insurance (General), Investments & Asset Management, Financial Svcs. (Non-bank & Insurance).
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
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 2.8% 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 2026, the sector's weakest year, for this company.
The sector's weakest year was 2026, with a median operating margin of −13.5%. Based on the 6 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 43 | weight 40% |
|---|---|---|
| Solidity | 66 | weight 20% |
| Liquidity | 70 | weight 5% |
| Growth | – | no data, left out |
| Consistency | 41 | 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 Arand AS?
The operating margin was 77.0% in 2025, against a median of 60.6% among companies in the Morning class Micro in the same sector. Return on assets was 5.7%.
How solid is Arand AS?
The equity ratio was 93.6% in 2025 (median 83.9%). Debt-to-equity was 0.07 (median 0.17).
What is the liquidity of Arand AS like?
The current ratio was 15.52 in 2025 (median 4.66).
How does Arand AS compare in Finans og forsikring?
Arand AS ranks 328 of 664 in Finans og forsikring for 2025. Among companies in the Morning class Micro it is number 168 of 326.
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 |
|---|---|---|---|---|
| Odda Jr AS |  Lion |
2 MNOK | 91.6% | 60 |
| Oppsann AS · same municipality | Lion |
2 MNOK | 84.3% | 72 |
| Truls AS |  Elephant |
2 MNOK | 4.9% | 30 |
| Arand AS (this company) | Elephant |
2 MNOK | 77.0% | 51 |
| TORGERSEN & CO AS | Elephant |
2 MNOK | 44.7% | 49 |
| Tree AS | Lion |
2 MNOK | 80.1% | 57 |
| Germa AS |  Beaver |
2 MNOK | −24.3% | 19 |
| Bara AS | Elephant |
2 MNOK | 53.0% | 39 |
| Vestmo Invest AS | Lion |
2 MNOK | 98.4% | 60 |
The selection is the closest in revenue within the same industry code. When you order, you can swap competitors. Order competitor analysis
From the Central Coordinating Register
- Org. no.
- 889089482
- Legal form
- AS
- Sector
- Finans og forsikring (64.323)
- Morning company class
- Micro
- Employees
- 0–4 (not registered)
- Founded
- 5 December 2005 20 years in operation
- Share capital
- 0.20 MNOK
- Business address
- Finn Blackstads vei 27, 3021 DRAMMEN
- Municipality
- Drammen rank 10 of 11 in KOSTRA group 12
- Audit
- Audit opted out from 19 October 2024
- Latest accounts filed
- 2025
- LEI
- 254900UQG2Q8N45EBN56 renews 10 January 2027
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 2 November 2026. Only names are shown.
- Parent company
- No parent company: owned by persons
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 30 October 2026. The parent is the one the company itself reported to GLEIF.
Shareholders (2025)
- Number of shareholders
- 1 (one owner)
- Largest owner
- 100.0%
- Split
- companies 0% · private persons 100% · foreign 0%
- Owned from the same municipality
- 100%
- Group chain
- Ultimate owner: private person
Change 2007–2025: no material change in the owners.
Holds shares in: Vestbylog Invest AS (0%)
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 · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | – | – | 51 | |
| Rank | – | – | 328 | |
| Operating margin | −14.1% | – | 77.0% | |
| Return on assets | −0.1% | −7.9% | 5.7% | |
| Equity ratio | 97.1% | 94.2% | 93.6% | |
| Current ratio | 34.16 | 17.17 | 15.52 | |
| Revenue growth | – | −634.9% | – |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 0.3 MNOK | −1.4 MNOK | 1.6 MNOK |
| Operating profit | 0.0 MNOK | −1.7 MNOK | 1.2 MNOK |
| Profit before tax | −0.1 MNOK | −1.7 MNOK | 1.2 MNOK |
| Tax expense | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Net profit | −0.1 MNOK | −1.7 MNOK | 1.2 MNOK |
| Financial expenses | 0.0 MNOK | – | 0.0 MNOK |
| Total assets | 24.2 MNOK | 21.9 MNOK | 22.0 MNOK |
| Current assets | 24.2 MNOK | 21.9 MNOK | 22.0 MNOK |
| Equity | 23.5 MNOK | 20.6 MNOK | 20.6 MNOK |
| Retained earnings | 23.3 MNOK | 20.4 MNOK | 20.4 MNOK |
| Total liabilities | 0.7 MNOK | 1.3 MNOK | 1.4 MNOK |
| Current liabilities | 0.7 MNOK | 1.3 MNOK | 1.4 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 30 October 2026, accounts id 6812152.
Further
Similar companies
- Inkafjeldvaer AS index 51, rank 322 · compare
- Skyfall Ventures AS index 51, rank 323 · compare
- Norwegian Microfinance Initiative AS index 51, rank 325 · compare
- Skarli Forsikring AS index 51, rank 329 · compare
- Mkv Cap AS index 51, rank 331 · compare