Norstruct AS
Score · fiscal year 2023
85of 100
How to read this: the company is ahead of 93 % of companies in the Morning class Micro in the same sector in 2023. What does this mean?
Rank in the Morning class Micro: 144 of 2,185 · What are Morning company classes?
Place in the whole sector: 215 of 3,995 · Teknisk tjenesteyting og forskning
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2023, not a verdict on the company. Based on profitability 72 and solidity 92 out of 100 among companies in the Morning class Micro in the same sector in 2023. Methodology
Against the sector
Norstruct AS is 36 points above the median for companies in the Morning class Micro in the same sector in 2023.
Median score 49 among 2,184 companies.
Against companies in the Morning class Micro in the same sector in 2023: operating margin 25.3% (median 5.7%) and equity ratio 85.0% (median 39.6%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 1 MNOK | 3 MNOK |
| Operating margin | 25.3% | 5.7% |
| Profit margin | 27.5% | 5.5% |
| Return on assets | 18.6% | 11.1% |
| Equity ratio | 85.0% | 39.6% |
| Debt-to-equity | 0.18 | 1.21 |
| Current ratio | 6.67 | 1.57 |
| Revenue growth | – | 0.3% |
The median and “ahead of” refer to companies in the Morning class Micro in the same sector in 2023. The bar shows the share of companies the figure is ahead of.
With an index of 85, Norstruct AS does better than 93% of companies in the Morning class Micro in the same sector (2,185 companies) in 2023.
Score 2023–2025
- Norstruct AS
- Median: companies in the Morning class Micro in the same sector
What the numbers say
Norstruct AS had an operating margin of 25.3% and an equity ratio of 85.0% in 2023, and ranks 215 of 3,995 in Teknisk tjenesteyting og forskning.
This text is generated automatically from the 2023 accounts.
Three simple methods
The methods give between 3 MNOK and 4 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 18.6 | 3 MNOK |
| EV/EBIT | 15.9 | 4 MNOK |
| P/B | 3.2 | 3 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
Worth a closer look
- positive
Upper quartile on profitability, solidity and liquidity. What sets this company apart from the rest of the sector?
Based on: Operating margin 25.3% (median 5.7%); Equity ratio 85.0% (median 39.6%); Current ratio 6.67 (median 1.57).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 0.5% of the debt in 2023. The policy rate averaged 3.54 % 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 | 72 | weight 30% |
|---|---|---|
| Solidity | 92 | weight 25% |
| Liquidity | 94 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 92 | weight 15% |
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is Norstruct AS?
The operating margin was 25.3% in 2023, against a median of 5.7% among companies in the Morning class Micro in the same sector. Return on assets was 18.6%.
How solid is Norstruct AS?
The equity ratio was 85.0% in 2023 (median 39.6%). Debt-to-equity was 0.18 (median 1.21).
What is the liquidity of Norstruct AS like?
The current ratio was 6.67 in 2023 (median 1.57).
How does Norstruct AS compare in Teknisk tjenesteyting og forskning?
Norstruct AS ranks 215 of 3,995 in Teknisk tjenesteyting og forskning for 2023. Among companies in the Morning class Micro it is number 144 of 2,185.
From the Central Coordinating Register
- Org. no.
- 889348992
- Legal form
- AS
- Sector
- Teknisk tjenesteyting og forskning (71.129)
- Morning company class
- Micro
- Employees
- 0–4 (not registered)
- Founded
- 12 January 2006 20 years in operation
- Share capital
- 0.10 MNOK
- Business address
- Elen Weeas vei 76G, 1350 LOMMEDALEN (BÆRUM)
- Municipality
- Bærum rank 1 of 11 in KOSTRA group 12
- Audit
- Audit opted out from 19 September 2011
- 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 2 November 2026. Only names are shown.
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.
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.
Figures last fetched 30 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 85 | 80 | 73 | |
| Rank | 215 | 168 | 393 | |
| Operating margin | 25.3% | 46.4% | 32.7% | |
| Return on assets | 18.6% | 67.8% | 28.2% | |
| Equity ratio | 85.0% | 69.2% | 88.7% | |
| Current ratio | 6.67 | 3.25 | 8.87 | |
| Revenue growth | – | 42.3% | −36.8% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 1.4 MNOK | 1.9 MNOK | 1.2 MNOK |
| Operating profit | 0.3 MNOK | 0.9 MNOK | 0.4 MNOK |
| Profit before tax | 0.4 MNOK | 0.9 MNOK | 0.4 MNOK |
| Tax expense | 0.1 MNOK | 0.2 MNOK | 0.1 MNOK |
| Net profit | 0.3 MNOK | 0.7 MNOK | 0.3 MNOK |
| Financial expenses | 0.0 MNOK | – | 0.0 MNOK |
| Total assets | 2.0 MNOK | 1.4 MNOK | 1.4 MNOK |
| Current assets | 2.0 MNOK | 1.4 MNOK | 1.4 MNOK |
| Equity | 1.7 MNOK | 1.0 MNOK | 1.3 MNOK |
| Retained earnings | 1.6 MNOK | 0.9 MNOK | 1.2 MNOK |
| Total liabilities | 0.3 MNOK | 0.4 MNOK | 0.2 MNOK |
| Current liabilities | 0.3 MNOK | 0.4 MNOK | 0.2 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 30 October 2026, accounts id 4659915.
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