C GRINDVOLD AS
Score · fiscal year 2024
76of 100
How to read this: the company is ahead of 92 % of companies in the Morning class Medium in the same sector in 2024. What does this mean?
Rank in the Morning class Medium: 271 of 3,520 · What are Morning company classes?
Place in the whole sector: 1,633 of 22,333 · Handel
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 43 and solidity 94 out of 100 among companies in the Morning class Medium in the same sector in 2024. Methodology
Against the sector
C GRINDVOLD AS is 26 points above the median for companies in the Morning class Medium in the same sector in 2024.
Median score 50 among 3,520 companies.
Against companies in the Morning class Medium in the same sector in 2024: operating margin 3.4% (median 2.9%) and equity ratio 72.9% (median 30.2%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 107 MNOK | 92 MNOK |
| Operating margin | 3.4% | 2.9% |
| Profit margin | 4.3% | 2.7% |
| Return on assets | 6.6% | 11.8% |
| Equity ratio | 72.9% | 30.2% |
| Debt-to-equity | 0.37 | 2.23 |
| Current ratio | 4.14 | 1.40 |
| Revenue growth | 35.7% | 5.1% |
| Revenue per employee | 8.20 MNOK | 4.92 MNOK |
The median and “ahead of” refer to companies in the Morning class Medium in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
With an index of 76, C GRINDVOLD AS does better than 92% of companies in the Morning class Medium in the same sector (3,520 companies) in 2024.
Score 2023–2025
- C GRINDVOLD AS
- Median: companies in the Morning class Medium in the same sector
What the numbers say
C GRINDVOLD AS had an operating margin of 3.4% and an equity ratio of 72.9% in 2024, and ranks 1,633 of 22,333 in Handel.
From 2023 to 2024: revenue grew by 36% and the equity ratio rose from 64.9% to 72.9%.
This text is generated automatically from the 2024 accounts.
Three simple methods
The methods give between 38 MNOK and 64 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 38 MNOK |
| EV/EBIT | 8.0 | 42 MNOK |
| P/B | 1.0 | 64 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 5.0% of the debt in 2024. The policy rate averaged 4.50 % 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 1.5%. Based on the 11 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 43 | weight 30% |
|---|---|---|
| Solidity | 94 | weight 25% |
| Liquidity | 95 | weight 15% |
| Growth | 90 | weight 15% |
| Consistency | 80 | weight 15% |
Durability: 75 (average over 2 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is C GRINDVOLD AS?
The operating margin was 3.4% in 2024, against a median of 2.9% among companies in the Morning class Medium in the same sector. Return on assets was 6.6%.
How solid is C GRINDVOLD AS?
The equity ratio was 72.9% in 2024 (median 30.2%). Debt-to-equity was 0.37 (median 2.23).
What is the liquidity of C GRINDVOLD AS like?
The current ratio was 4.14 in 2024 (median 1.40).
How does C GRINDVOLD AS compare in Handel?
C GRINDVOLD AS ranks 1,633 of 22,333 in Handel for 2024. Among companies in the Morning class Medium it is number 271 of 3,520. Revenue changed by 35.7% from the year before.
Public contracts
- Contracts awarded since 2024
- 0
- Total awarded value since 2024
- value not stated
| Date | Buyer | Notice | Value |
|---|---|---|---|
| 8 October 2021 | Senja kommune | Kostebil for veier og gateanlegg | 5.0 MNOK |
| 7 January 2021 | Moss kommune | Feiebil - fornyet kunngjøring | 4.6 MNOK |
Based on notices in Doffin. Does not show call-offs under framework agreements or purchases below the publication threshold. Values are as stated by the buyer.
Source: Doffin (DFØ), fetched 27 October 2026. Winners are matched on organisation number.
Contains data under the Norwegian licence for public data (NLOD 2.0) made available by Doffin/the Norwegian Agency for Public and Financial Management (DFØ). NLOD 2.0
From the Central Coordinating Register
- Org. no.
- 912101045
- Legal form
- AS
- Sector
- Handel (46.630)
- Morning company class
- Medium
- Employees
- 13 registered 10 January 2025
- Founded
- 2 January 1962 64 years in operation
- Share capital
- 2.00 MNOK
- Business address
- Industriveien 33, 2020 SKEDSMOKORSET (LILLESTRØM)
- Municipality
- Lillestrøm rank 7 of 11 in KOSTRA group 12
- Latest accounts filed
- 2025
- LEI
- 549300HAGP0DEPL6XK63 renews 7 December 2026
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
- Christian Grindvold
- Chair of the board
- Jan Conrad Grindvold
- Board member
- Christian Grindvold
- Auditor
- PEDERSEN & SKOGHOLT AS
Source: Central Coordinating Register, fetched 29 October 2026. Only names are shown.
- Parent company
- No parent company: owned by persons
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 29 October 2026. The parent is the one the company itself reported to GLEIF.
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 | 74 | 76 | 51 | |
| Rank | 3,342 | 1,633 | 11,145 | |
| Operating margin | 3.3% | 3.4% | −2.1% | |
| Return on assets | 5.9% | 6.6% | 1.6% | |
| Equity ratio | 64.9% | 72.9% | 74.1% | |
| Current ratio | 3.11 | 4.14 | 4.27 | |
| Revenue growth | – | 35.7% | −47.8% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 78.6 MNOK | 106.6 MNOK | 55.7 MNOK |
| Operating profit | 2.6 MNOK | 3.7 MNOK | −1.2 MNOK |
| Profit before tax | 4.1 MNOK | 4.6 MNOK | 0.3 MNOK |
| Net profit | 3.5 MNOK | 3.8 MNOK | 0.6 MNOK |
| Financial expenses | 1.5 MNOK | 1.2 MNOK | 1.1 MNOK |
| Total assets | 94.7 MNOK | 88.0 MNOK | 86.1 MNOK |
| Current assets | 85.9 MNOK | 80.4 MNOK | 79.7 MNOK |
| Equity | 61.5 MNOK | 64.1 MNOK | 63.8 MNOK |
| Retained earnings | 59.5 MNOK | 62.1 MNOK | 61.8 MNOK |
| Total liabilities | 33.2 MNOK | 23.9 MNOK | 22.3 MNOK |
| Current liabilities | 27.7 MNOK | 19.4 MNOK | 18.7 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 5832255.
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