JÆREN KULDE AS

Org. no. 913059867 · SANDNES · Founded 2014 · 9 employees

Score · fiscal year 2025

65of 100

How to read this: the company is ahead of 80 % of small companies in the same sector in 2025. What does this mean?

Rank: 5,270 of 25,886 · Bygg og anlegg

Profile

Lion · Leader

High profitability, high solidity

Position against comparable companies in 2025, not a verdict on the company. Based on profitability 69 and solidity 67 out of 100 among small companies in the same sector in 2025. Methodology

Against the sector

JÆREN KULDE AS is 15 points above the median for small companies in the same sector in 2025.

Median score 50 among 25,101 companies.

Against small companies in the same sector in 2025: operating margin 6.3% (median 3.6%) and equity ratio 56.3% (median 34.1%).

Source: Register of Company Accounts and Central Coordinating RegisterFetched 26 October 2026Report an issue
Key figures · 2025

The numbers behind the score

The numbers behind the score · 2025
MeasureCompanyMedianAhead of
Operating revenue13 MNOK2 MNOK
Operating margin 6.3% 3.6% 60 %
Profit margin 5.9% 3.3% shown, not part of the index
Return on assets 23.5% 5.6% 78 %
Equity ratio 56.3% 34.1% 70 %
Debt-to-equity 0.78 1.29 64 %
Current ratio 2.11 1.40 70 %
Revenue growth −11.2% 4.2% 31 %
Revenue per employee1.42 MNOK1.42 MNOK

The median and “ahead of” refer to small companies in the same sector in 2025. The bar shows the share of companies the figure is ahead of.

With an index of 65, JÆREN KULDE AS does better than 80% of small companies in the same sector (25,321 companies) in 2025.

Over time

Score 2023–2025

CompanyMedian0255075100202320242025
  • JÆREN KULDE AS
  • Median: small companies in the same sector
Summary analysis

JÆREN KULDE AS has a score of 65 for 2025, rank 5,270 of 25,886 in the sector.

Strongest: Consistency: percentile 85 against peers. Liquidity: percentile 70 against peers, current ratio 2.11 against a median of 1.40.

Weakest: Growth: percentile 31 against peers, revenue growth −11.2% against a median of 4.2%.

Worth a closer look

Written by fixed rules from the figures. Describes the figures, does not explain causes. Not investment or financial advice. How the summary is made

Analysis · 2025

What the numbers say

JÆREN KULDE AS had an operating margin of 6.3% and an equity ratio of 56.3% in 2025, and ranks 5,270 of 25,886 in Bygg og anlegg.

From 2024 to 2025: the equity ratio rose from 33.3% to 56.3% and the operating margin rose from 3.9% to 6.3%.

This text is generated automatically from the 2025 accounts.

Estimated value · 2025

Three simple methods

The methods give between 2 MNOK and 8 MNOK.

MethodInputMultipleEstimate
P/E Net profit: 0.6 MNOK 10.0 6 MNOK
EV/EBIT Operating profit: 0.8 MNOK
minus net debt −1.7 MNOK
8.0 8 MNOK
P/B Equity: 2.0 MNOK 1.0 2 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

Indications · 2025

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.

Data quality

No anomalies found in the figures.

Stress test · 2022

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 2.1%. Based on the 10 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology

Components · 2025

What the score is made of

Profitability69 weight 30%
Solidity67 weight 25%
Liquidity70 weight 15%
Growth31 weight 15%
Consistency85 weight 15%

Durability: 51 (average over 3 years)

Index version 2. Data completeness 100%: the share of the weights that had data.

2025

Questions and answers

How profitable is JÆREN KULDE AS?

The operating margin was 6.3% in 2025, against a median of 3.6% among small companies in the same sector. Return on assets was 23.5%.

How solid is JÆREN KULDE AS?

The equity ratio was 56.3% in 2025 (median 34.1%). Debt-to-equity was 0.78 (median 1.29).

What is the liquidity of JÆREN KULDE AS like?

The current ratio was 2.11 in 2025 (median 1.40).

How does JÆREN KULDE AS compare in Bygg og anlegg?

JÆREN KULDE AS ranks 5,270 of 25,886 in Bygg og anlegg for 2025. Among companies of the same size (small companies) it ranks 5,136 of 25,321. Revenue changed by −11.2% from the year before.

From the Central Coordinating Register

Org. no.
913059867
Legal form
AS
Sector
Bygg og anlegg (43.222)
Size tier
small
Employees
9 registered 10 September 2026
Founded
6 January 2014 12 years in operation
Share capital
0.20 MNOK
Business address
Kvernelandsveien 126, 4323 SANDNES
Municipality
Sandnes rank 3 of 11 in KOSTRA group 12
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

Chief executive
Kjell Inge Refsnes
Chair of the board
Kjell Inge Refsnes
Board member
Ragnhild Anfindsen
Board member
Magne Anfindsen
Auditor
TJEMSLAND REVISJON & RÅDGIVNING AS
Accountant
AIDER AS

Source: Central Coordinating Register, fetched 25 October 2026. Only names are shown.

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.

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Figures last fetched 26 October 2026.

Details

Year by year · 2023–2025

Key figure202320242025Trend
Index385065
Rank15,09612,4795,270
Operating margin2.1%3.9%6.3%
Return on assets7.3%15.3%23.5%
Equity ratio15.2%33.3%56.3%
Current ratio1.171.442.11
Revenue growth–−36.1%−11.2%

Accounts

From the Brønnøysund Register Centre, in the company's reporting currency (NOK).

Key figure202320242025
Operating revenue22.5 MNOK14.4 MNOK12.8 MNOK
Operating profit0.5 MNOK0.6 MNOK0.8 MNOK
Profit before tax0.2 MNOK0.6 MNOK0.8 MNOK
Net profit0.2 MNOK0.3 MNOK0.6 MNOK
Financial expenses0.3 MNOK0.1 MNOK0.1 MNOK
Total assets6.8 MNOK4.1 MNOK3.5 MNOK
Current assets6.7 MNOK3.9 MNOK3.2 MNOK
Equity1.0 MNOK1.4 MNOK2.0 MNOK
Retained earnings0.8 MNOK1.2 MNOK1.8 MNOK
Total liabilities5.8 MNOK2.7 MNOK1.5 MNOK
Current liabilities5.7 MNOK2.7 MNOK1.5 MNOK

Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 7235034.