Stadion 33 AS
Score · fiscal year 2025
60of 100
How to read this: the company is ahead of 77 % of companies in the Morning class Small in the same sector in 2025. What does this mean?
Rank in the Morning class Small: 366 of 1,599 · What are Morning company classes?
Place in the whole sector: 1,926 of 7,839 · Eiendom
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 70 and solidity 51 out of 100 among companies in the Morning class Small in the same sector in 2025. Methodology
Against the sector
Stadion 33 AS is 10 points above the median for companies in the Morning class Small in the same sector in 2025.
Median score 50 among 1,599 companies.
Against companies in the Morning class Small in the same sector in 2025: operating margin 58.7% (median 23.1%) and equity ratio 29.9% (median 28.1%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 10 MNOK | 18 MNOK |
| Operating margin | 58.7% | 23.1% |
| Profit margin | 57.8% | 14.4% |
| Return on assets | 13.7% | 8.3% |
| Equity ratio | 29.9% | 28.1% |
| Debt-to-equity | 2.34 | 2.32 |
| Current ratio | 2.69 | 1.28 |
| Revenue growth | 2.4% | 4.4% |
The median and “ahead of” refer to companies in the Morning class Small in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 60, Stadion 33 AS does better than 77% of companies in the Morning class Small in the same sector (1,599 companies) in 2025.
Score 2023–2025
- Stadion 33 AS
- Median: companies in the Morning class Small in the same sector
Stadion 33 AS has a score of 60 for 2025, rank 1,926 of 7,839 in the sector.
Strongest: Liquidity: percentile 77 against peers, current ratio 2.69 against a median of 1.28. Profitability: percentile 70 against peers, operating margin 58.7% against a median of 23.1%.
Weakest: Growth: percentile 39 against peers, revenue growth 2.4% against a median of 4.4%.
Worth a closer look
- What lies behind weak growth, and will it last?
- The change in operating margin in 2025 was 23.6 percentage points weaker than for comparable companies: the company −22.1, the industry +1.5 points. That is the company's own, not something that hit the whole industry.
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?
In 2025 the operating margin of Stadion 33 AS fell by 22.1 percentage points. Comparable companies rose by a median 1.5 points. So the company did 23.6 points weaker than the industry, for reasons of its own.
Over 2 year-to-year changes Stadion 33 AS moved the same way as comparable companies 0 times. About 30% of the changes in operating margin were common to the industry; the rest was the company's own.
| Year | The company | Comparable (median) | Change, company | Change, industry | The company's own |
|---|---|---|---|---|---|
| 2024 | 80.8% | 21.6% | +12.2 percentage points | −23.9 percentage points | +36.1 percentage points |
| 2025 | 58.7% | 23.1% | −22.1 percentage points | +1.5 percentage points | −23.6 percentage points |
Comparable companies are those in the same industry and Morning company class. Their change shows what hit the whole industry, the sector drivers below included. The rest is the company's own: contracts, costs, one-off items or operations. The share is approximate, and we claim no cause.
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 Stadion 33 AS. The figures stand side by side; we claim no cause.
House prices (existing homes) (indeks (2015 = 100))
House prices (existing homes) rose 5.5% in 2025; the operating margin of Stadion 33 AS fell 22.1 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| House prices (existing homes), annual average | 134.5 | 141.6 | 140.8 | 144.6 | 152.5 | 158.7 (so far) |
| Change from the year before | +10.5% | +5.2% | −0.5% | +2.7% | +5.5% | +4.1% |
| The company's operating margin | – | – | 68.6% | 80.8% | 58.7% | – |
Source: SSB (07221, CC BY 4.0). Source
Policy rate (prosent)
Policy rate fell 0.20 percentage points in 2025; the operating margin of Stadion 33 AS fell 22.1 percentage points.
| 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 | – | – | 68.6% | 80.8% | 58.7% | – |
Source: Norges Bank (IR, NLOD 2.0). Source
Construction cost index for dwellings (indeks (2015 = 100))
Construction cost index for dwellings rose 4.3% in 2025; the operating margin of Stadion 33 AS fell 22.1 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Construction cost index for dwellings, annual average | 124.2 | 135.1 | 141.1 | 146.4 | 152.7 | 158.4 (so far) |
| Change from the year before | +8.7% | +8.8% | +4.4% | +3.7% | +4.3% | +3.7% |
| The company's operating margin | – | – | 68.6% | 80.8% | 58.7% | – |
Source: SSB (08651, CC BY 4.0). Source
Consumer price index (indeks (2025 = 100))
Consumer price index rose 3.0% in 2025; the operating margin of Stadion 33 AS fell 22.1 percentage points.
| 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 | – | – | 68.6% | 80.8% | 58.7% | – |
Source: SSB (14710, CC BY 4.0). Source
Wage index: real estate (indeks)
Wage index: real estate rose 5.2% in 2025; the operating margin of Stadion 33 AS fell 22.1 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Wage index: real estate, annual average | 91.7 | 94.3 | 96.8 | 103.2 | 108.5 | 111.3 (so far) |
| Change from the year before | +5.2% | +2.9% | +2.6% | +6.5% | +5.2% | +2.6% |
| The company's operating margin | – | – | 68.6% | 80.8% | 58.7% | – |
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
Stadion 33 AS had an operating margin of 58.7% and an equity ratio of 29.9% in 2025, and ranks 1,926 of 7,839 in Eiendom.
From 2024 to 2025: the operating margin fell from 80.8% to 58.7% and the equity ratio rose from 22.7% to 29.9%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 9 MNOK and 56 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.6 | 11 MNOK |
| EV/EBIT | 22.6 | 56 MNOK |
| P/B | 0.9 | 9 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
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 6.5% 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 23.4%. Based on the 9 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 70 | weight 30% |
|---|---|---|
| Solidity | 51 | weight 25% |
| Liquidity | 77 | weight 15% |
| Growth | 39 | weight 15% |
| Consistency | 60 | weight 15% |
Durability: 59 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Stadion 33 AS?
The operating margin was 58.7% in 2025, against a median of 23.1% among companies in the Morning class Small in the same sector. Return on assets was 13.7%.
How solid is Stadion 33 AS?
The equity ratio was 29.9% in 2025 (median 28.1%). Debt-to-equity was 2.34 (median 2.32).
What is the liquidity of Stadion 33 AS like?
The current ratio was 2.69 in 2025 (median 1.28).
How does Stadion 33 AS compare in Eiendom?
Stadion 33 AS ranks 1,926 of 7,839 in Eiendom for 2025. Among companies in the Morning class Small it is number 366 of 1,599. Revenue changed by 2.4% from the year before.
From the Central Coordinating Register
- Org. no.
- 891742622
- Legal form
- AS
- Sector
- Eiendom (68.200)
- Morning company class
- Small
- Employees
- 0–4 (not registered)
- Founded
- 25 June 2007 19 years in operation
- Share capital
- 9.80 MNOK
- Business address
- c/o Malling & Co Forvaltning AS, Dronning Mauds gate 15, 0250 OSLO
- Municipality
- Oslo rank 63–220 of 357 in Norway
- Latest accounts filed
- 2025
- LEI
- 549300YDPRFNQ0QCOG98 not renewed (lapsed)
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
- Værste AS (Norway)
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 100% · private persons 0% · foreign 0%
- Group chain
- Ultimate owner: EIENDOMSHUSET MALLING & CO AS
- Stadion 33 Holding AS · 100.0%
Change 2007–2025:
100% of the shares changed owner (1 new and 1 departed owners). The majority owner changed.
New owners (companies): Stadion 33 Holding AS
Departed (companies): Værste AS
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 | 52 | 64 | 60 | |
| Rank | 3,188 | 1,392 | 1,926 | |
| Operating margin | 68.6% | 80.8% | 58.7% | |
| Return on assets | 7.8% | 14.9% | 13.7% | |
| Equity ratio | 13.6% | 22.7% | 29.9% | |
| Current ratio | 5.79 | 3.89 | 2.69 | |
| Revenue growth | – | 4.8% | 2.4% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 9.6 MNOK | 10.1 MNOK | 10.3 MNOK |
| Operating profit | 6.6 MNOK | 8.2 MNOK | 6.1 MNOK |
| Profit before tax | 1.2 MNOK | 1.1 MNOK | 6.0 MNOK |
| Tax expense | 0.3 MNOK | 0.2 MNOK | 1.3 MNOK |
| Net profit | 0.9 MNOK | 0.9 MNOK | 4.7 MNOK |
| Financial expenses | 6.9 MNOK | 8.6 MNOK | 3.0 MNOK |
| Total assets | 103.3 MNOK | 65.4 MNOK | 65.2 MNOK |
| Current assets | 37.6 MNOK | 0.8 MNOK | 1.6 MNOK |
| Equity | 14.0 MNOK | 14.9 MNOK | 19.5 MNOK |
| Retained earnings | 1.9 MNOK | 2.8 MNOK | 7.5 MNOK |
| Total liabilities | 89.2 MNOK | 50.5 MNOK | 45.7 MNOK |
| Current liabilities | 6.5 MNOK | 0.2 MNOK | 0.6 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 30 October 2026, accounts id 6546837.
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