Norskand Prosjekt AS
Score · fiscal year 2025
56of 100
How to read this: the company is ahead of 63 % of companies in the Morning class Medium in the same sector in 2025. What does this mean?
Rank in the Morning class Medium: 205 of 546 · What are Morning company classes?
Place in the whole sector: 1,485 of 3,920 · Teknisk tjenesteyting og forskning
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 36 and solidity 83 out of 100 among companies in the Morning class Medium in the same sector in 2025. Methodology
Against the sector
Norskand Prosjekt AS is 6 points above the median for companies in the Morning class Medium in the same sector in 2025.
Median score 50 among 546 companies.
Against companies in the Morning class Medium in the same sector in 2025: operating margin 2.9% (median 5.5%) and equity ratio 57.4% (median 32.4%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 95 MNOK | 96 MNOK |
| Operating margin | 2.9% | 5.5% |
| Profit margin | 3.6% | 5.5% |
| Return on assets | 7.5% | 12.5% |
| Equity ratio | 57.4% | 32.4% |
| Debt-to-equity | 0.74 | 1.99 |
| Current ratio | 2.27 | 1.34 |
| Revenue growth | −60.9% | 9.8% |
| Revenue per employee | 15.77 MNOK | 2.98 MNOK |
The median and “ahead of” refer to companies in the Morning class Medium in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 56, Norskand Prosjekt AS does better than 63% of companies in the Morning class Medium in the same sector (546 companies) in 2025.
Score 2023–2025
- Norskand Prosjekt AS
- Median: companies in the Morning class Medium in the same sector
Norskand Prosjekt AS has a score of 56 for 2025, rank 1,485 of 3,920 in the sector.
Strongest: Liquidity: percentile 86 against peers, current ratio 2.27 against a median of 1.34. Solidity: percentile 83 against peers, equity ratio 57.4% against a median of 32.4%.
Weakest: Growth: percentile 1 against peers, revenue growth −60.9% against a median of 9.8%. Profitability: percentile 36 against peers, operating margin 2.9% against a median of 5.5%.
Worth a closer look
- What lies behind weak growth, and will it last?
- What lies behind weak profitability, and will it last?
Written by fixed rules from the figures. Describes the figures, does not explain causes. Not investment or financial advice. How the summary is made
What the numbers say
Norskand Prosjekt AS had an operating margin of 2.9% and an equity ratio of 57.4% in 2025, and ranks 1,485 of 3,920 in Teknisk tjenesteyting og forskning.
From 2024 to 2025: revenue fell by 61% and the operating margin fell from 10.4% to 2.9%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 47 MNOK and 115 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 18.6 | 99 MNOK |
| EV/EBIT | 15.9 | 115 MNOK |
| P/B | 3.2 | 47 MNOK |
The listed basis is the value at listed multiples. The estimate is lowered by 46% for an unlisted company: 20% for lack of marketability and 32% for size (a small-company premium of 3% 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 0.6% 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 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 | 36 | weight 30% |
|---|---|---|
| Solidity | 83 | weight 25% |
| Liquidity | 86 | weight 15% |
| Growth | 1 | weight 15% |
| Consistency | 74 | weight 15% |
Durability: 68 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Norskand Prosjekt AS?
The operating margin was 2.9% in 2025, against a median of 5.5% among companies in the Morning class Medium in the same sector. Return on assets was 7.5%.
How solid is Norskand Prosjekt AS?
The equity ratio was 57.4% in 2025 (median 32.4%). Debt-to-equity was 0.74 (median 1.99).
What is the liquidity of Norskand Prosjekt AS like?
The current ratio was 2.27 in 2025 (median 1.34).
How does Norskand Prosjekt AS compare in Teknisk tjenesteyting og forskning?
Norskand Prosjekt AS ranks 1,485 of 3,920 in Teknisk tjenesteyting og forskning for 2025. Among companies in the Morning class Medium it is number 205 of 546. Revenue changed by −60.9% from the year before.
Group accounts
The company is registered as part of a group, but we have no group accounts for it. Group accounts are filed by the parent company, and open data does not say which company that is.
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.
We do not show the group structure, because open data does not say who owns whom.
From the Central Coordinating Register
- Org. no.
- 912785920
- Legal form
- AS · part of a group
- Sector
- Teknisk tjenesteyting og forskning (71.121)
- Morning company class
- Medium
- Employees
- 6 registered 10 February 2026
- Founded
- 1 November 2013 13 years in operation
- Share capital
- 0.10 MNOK
- Business address
- Årvollskogen 99, 1529 MOSS
- Municipality
- Moss rank 4–9 of 10 in KOSTRA group 11
- 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 1 November 2026. Only names are shown.
Shareholders (2025)
- Number of shareholders
- 1 (one owner)
- Largest owner
- 100.0%
- Split
- companies 100% · private persons 0% · foreign 0%
- Owned from the same municipality
- 100%
- Group chain
-
Owned by: Norscan AS (100%)
Ultimate owner: private person
- Norscan AS · 100.0%
The company is new in the shareholder register in 2025.
Holds shares in: Evje Golfpark 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.
Figures last fetched 30 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 64 | 86 | 56 | |
| Rank | 1,052 | 31 | 1,485 | |
| Operating margin | 6.5% | 10.4% | 2.9% | |
| Return on assets | 15.6% | 39.0% | 7.5% | |
| Equity ratio | 38.2% | 61.1% | 57.4% | |
| Current ratio | 1.59 | 2.64 | 2.27 | |
| Revenue growth | – | 97.7% | −60.9% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 122.5 MNOK | 242.2 MNOK | 94.6 MNOK |
| Operating profit | 8.0 MNOK | 25.1 MNOK | 2.7 MNOK |
| Profit before tax | 8.3 MNOK | 25.8 MNOK | 3.4 MNOK |
| Tax expense | 1.9 MNOK | 5.7 MNOK | 0.7 MNOK |
| Net profit | 6.4 MNOK | 20.2 MNOK | 2.7 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK | 0.1 MNOK |
| Total assets | 53.1 MNOK | 66.2 MNOK | 47.3 MNOK |
| Current assets | 50.5 MNOK | 63.6 MNOK | 45.4 MNOK |
| Equity | 20.3 MNOK | 40.4 MNOK | 27.1 MNOK |
| Retained earnings | 20.2 MNOK | 40.3 MNOK | 27.0 MNOK |
| Total liabilities | 32.8 MNOK | 25.7 MNOK | 20.1 MNOK |
| Current liabilities | 31.7 MNOK | 24.1 MNOK | 20.0 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 30 October 2026, accounts id 6471801.
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