Constructio AS
Score · fiscal year 2025
Not enough data: Revenue not reported
Based on the annual accounts for 2025
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating margin | – | 41.5% |
| Profit margin | – | 19.4% |
| Return on assets | 9.5% | 7.9% |
| Equity ratio | 94.4% | 27.2% |
| Debt-to-equity | 0.06 | 2.24 |
| Current ratio | 12.79 | 1.35 |
| Revenue growth | – | 3.5% |
The median and “ahead of” refer to companies in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
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.
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 Constructio AS. The figures stand side by side; we claim no cause.
House prices (existing homes) (indeks (2015 = 100))
| 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 | – | – | – | – | – | – |
Source: SSB (07221, CC BY 4.0). Source
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 | – | – | – | – | – | – |
Source: Norges Bank (IR, NLOD 2.0). Source
Construction cost index for dwellings (indeks (2015 = 100))
| 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 | – | – | – | – | – | – |
Source: SSB (08651, CC BY 4.0). 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 | – | – | – | – | – | – |
Source: SSB (14710, CC BY 4.0). Source
Wage index: real estate (indeks)
| 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 | – | – | – | – | – | – |
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
Constructio AS had an equity ratio of 94.4% in 2025. The company is not ranked: revenue not reported.
No large changes in the key figures from 2024 to 2025.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 1,667 MNOK and 1,852 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.6 | 1,852 MNOK |
| EV/EBIT | 22.6 | not meaningful |
| P/B | 0.9 | 1,667 MNOK |
The listed basis is the value at listed multiples. The estimate is lowered by 31% for an unlisted company: 20% for lack of marketability and 14% for size (a small-company premium of 1% 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 18.0% 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
- watch Revenue not reported
- watch No revenue but large assets
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 22.6%. Based on the 9 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
Questions and answers
How profitable is Constructio AS?
The operating margin was – in 2025, against a median of 41.5% among companies in the same sector. Return on assets was 9.5%.
How solid is Constructio AS?
The equity ratio was 94.4% in 2025 (median 27.2%). Debt-to-equity was 0.06 (median 2.24).
What is the liquidity of Constructio AS like?
The current ratio was 12.79 in 2025 (median 1.35).
Group accounts · 2025
73 of 100
Rank 5 of 75 groups in the Morning class Large in Eiendom. Groups are ranked only against other groups in the same sector and class, never against single companies.
- Operating revenue, group
- 683 MNOK
- Operating profit, group
- 44 MNOK
- Profit before tax, group
- 327 MNOK
- Total assets, group
- 3,634 MNOK
- Equity, group
- 3,173 MNOK
| Key figure | The group | The company alone (2025) |
|---|---|---|
| Operating margin | 6.5% | – |
| Return on assets | 10.3% | 9.5% |
| Equity ratio | 87.3% | 94.4% |
| Current ratio | 6.49 | 12.79 |
| Revenue growth | 7.8% | – |
Group index in earlier years: 2023: 85 (5 of 71), 2024: 69 (8 of 73).
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).
Read the figures with care: a company in a group can look strong because of group contributions, or weak because dividends go up to the parent. The figures are indications, not the full picture.
Group structure · 2025
11 companies in the group according to the shareholder register for 2025. A company counts as a subsidiary when a Norwegian company owns more than half of its shares.
No owner holds more than half of the shares in Constructio AS.
Group accounts. Constructio AS for 2025: index 73 of 100, number 5 of 75 groups.
The group in figures
- Sectors
- Bergverk og utvinning (3 companies), Industri (1 company), Vann, avløp og renovasjon (1 company), Eiendom (2 companies), Handel (1 company) 8 of 11 companies in the tree have accounts with us. Sectors are sorted by the companies' own revenue, which includes sales between the group's companies.
- Employees in Norway
- 168 in all. Kongsvinger 141, Midt-Telemark 21, Karlsøy 6 Registered employees in the Central Coordinating Register, by the municipality of the business address. Employees may work elsewhere.
- Loss
- 4 companies: Ghg Eiendom AS, Herremo Pukk og Grus AS, Nissedal Sandforedling AS, Telemark Miljøsand AS
- Changed 2024–2025
- 1 company left.
A subsidiary with negative equity or a loss may be backed by the group, for example with group contributions or guarantees. It is an indication of what is worth asking about, not an assessment.
Read the figures with care: a company in a group can look strong because of group contributions, or weak because dividends go up to the parent. The figures are indications, not the full picture.
Source: the Norwegian Tax Administration's shareholder register 2025 (majority owner with more than 50 % of the shares). Voting agreements and ownership through other countries are not included.
From the Central Coordinating Register
- Org. no.
- 912592677
- Legal form
- AS · part of a group
- Sector
- Eiendom (68.110)
- Employees
- 0–4 (not registered)
- Founded
- 14 October 2013 13 years in operation
- Share capital
- 6.00 MNOK
- Business address
- Mårvegen 14, 2211 KONGSVINGER
- Municipality
- Kongsvinger rank 23–36 of 38 in KOSTRA group 7
- Latest accounts filed
- 2025
- LEI
- 5493007AOJRMXKJXB778 renews 6 October 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
- 5
- Largest owner
- 33.3% · top three 78.4%
- Split
- companies 23% · private persons 77% · foreign 0%
- Owned from the same municipality
- 56%
- Owners over 60
- 13% of the shares held by persons (median age 43)
- Grey Swan AS · 11.7%
- Flygind Invest AS · 11.7%
- 3 private persons · 76.6%
The company is new in the shareholder register in 2025.
Majority owner of: Ghg Eiendom AS (100%), Gunnar Holth Grusforretning AS (99%)
The portfolio: 13 of the companies it owns shares in have accounts with us, 2 of them as majority owner. The average index is 46. 0 have negative equity and 4 made a loss in the latest year.
Holds shares in: Næringsbanken ASA (19%), AF Gruppen ASA (14%), ASKELADDEN & CO AS (7%), Bewi ASA (1%), Scanmudring Holding AS (18%), Spleismark AS (20%), Axxelerator AS (2%), LY Forsikring ASA (13%)
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 | – | – | – | |
| Rank | – | – | – | |
| Operating margin | – | – | – | |
| Return on assets | 9.8% | 15.4% | 9.5% | |
| Equity ratio | 95.4% | 90.9% | 94.4% | |
| Current ratio | 11.40 | 5.27 | 12.79 | |
| Revenue growth | – | – | – |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | – | – | – |
| Operating profit | −0.8 MNOK | −0.9 MNOK | −0.9 MNOK |
| Profit before tax | 169.0 MNOK | 392.9 MNOK | 239.7 MNOK |
| Tax expense | 12.5 MNOK | 11.4 MNOK | 20.2 MNOK |
| Net profit | 156.5 MNOK | 381.5 MNOK | 219.5 MNOK |
| Financial expenses | 72.7 MNOK | 35.2 MNOK | 28.5 MNOK |
| Total assets | 2,459.2 MNOK | 2,779.0 MNOK | 2,834.9 MNOK |
| Current assets | 896.2 MNOK | 1,170.3 MNOK | 1,295.1 MNOK |
| Equity | 2,345.6 MNOK | 2,527.1 MNOK | 2,676.6 MNOK |
| Retained earnings | 2,339.5 MNOK | 2,521.1 MNOK | 2,670.6 MNOK |
| Total liabilities | 113.6 MNOK | 251.9 MNOK | 158.3 MNOK |
| Current liabilities | 78.6 MNOK | 221.9 MNOK | 101.3 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 30 October 2026, accounts id 7113435.