KAARUD AS
Score · fiscal year 2025
55of 100
How to read this: the company is ahead of 59 % of companies in the Morning class Small in the same sector in 2025. What does this mean?
Rank in the Morning class Small: 8,061 of 19,515 · What are Morning company classes?
Place in the whole sector: 8,431 of 20,440 · Bygg og anlegg
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 72 and solidity 32 out of 100 among companies in the Morning class Small in the same sector in 2025. Methodology
Against the sector
KAARUD AS is 5 points above the median for companies in the Morning class Small in the same sector in 2025.
Median score 50 among 19,508 companies.
Against companies in the Morning class Small in the same sector in 2025: operating margin 8.1% (median 3.9%) and equity ratio 23.0% (median 33.3%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 23 MNOK | 5 MNOK |
| Operating margin | 8.1% | 3.9% |
| Profit margin | 7.5% | 3.5% |
| Return on assets | 22.4% | 9.0% |
| Equity ratio | 23.0% | 33.3% |
| Debt-to-equity | 3.36 | 1.56 |
| Current ratio | 1.37 | 1.44 |
| Revenue growth | 22.8% | 6.1% |
| Revenue per employee | 1.50 MNOK | 1.48 MNOK |
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 55, KAARUD AS does better than 59% of companies in the Morning class Small in the same sector (19,515 companies) in 2025.
Score 2023–2025
- KAARUD AS
- Median: companies in the Morning class Small in the same sector
KAARUD AS has a score of 55 for 2025, rank 8,431 of 20,440 in the sector.
Strongest: Profitability: percentile 72 against peers, operating margin 8.1% against a median of 3.9%. Growth: percentile 70 against peers, revenue growth 22.8% against a median of 6.1%.
Weakest: Solidity: percentile 32 against peers, equity ratio 23.0% against a median of 33.3%.
Worth a closer look
- What lies behind weak solidity, 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
KAARUD AS had an operating margin of 8.1% and an equity ratio of 23.0% in 2025, and ranks 8,431 of 20,440 in Bygg og anlegg.
From 2024 to 2025: revenue grew by 23% and the operating margin rose from 3.8% to 8.1%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 2 MNOK and 18 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 13 MNOK |
| EV/EBIT | 8.0 | 18 MNOK |
| P/B | 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
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 2.0% 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.
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 1.8%. Based on the 10 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 72 | weight 30% |
|---|---|---|
| Solidity | 32 | weight 25% |
| Liquidity | 46 | weight 15% |
| Growth | 70 | weight 15% |
| Consistency | 51 | weight 15% |
Durability: 45 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is KAARUD AS?
The operating margin was 8.1% in 2025, against a median of 3.9% among companies in the Morning class Small in the same sector. Return on assets was 22.4%.
How solid is KAARUD AS?
The equity ratio was 23.0% in 2025 (median 33.3%). Debt-to-equity was 3.36 (median 1.56).
What is the liquidity of KAARUD AS like?
The current ratio was 1.37 in 2025 (median 1.44).
How does KAARUD AS compare in Bygg og anlegg?
KAARUD AS ranks 8,431 of 20,440 in Bygg og anlegg for 2025. Among companies in the Morning class Small it is number 8,061 of 19,515. Revenue changed by 22.8% from the year before.
From the Central Coordinating Register
- Org. no.
- 913068920
- Legal form
- AS
- Sector
- Bygg og anlegg (43.410)
- Morning company class
- Small
- Employees
- 15 registered 10 July 2026
- Founded
- 1 January 2014 12 years in operation
- Share capital
- 0.03 MNOK
- Business address
- Pottemakerveien 2, 0954 OSLO
- Municipality
- Oslo rank 63–221 of 357 in Norway
- 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
- Terje Karsten Røgeberg-Eriksen
- Chair of the board
- Terje Karsten Røgeberg-Eriksen
- Board member
- Mari Heramb
- Auditor
- REVISJON CONSULT AS
- Accountant
- CONNECT REGNSKAP 2 AS
Source: Central Coordinating Register, fetched 29 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.
Figures last fetched 26 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 32 | 49 | 55 | |
| Rank | 13,758 | 10,236 | 8,431 | |
| Operating margin | −0.3% | 3.8% | 8.1% | |
| Return on assets | −0.6% | 10.5% | 22.4% | |
| Equity ratio | 20.1% | 31.0% | 23.0% | |
| Current ratio | 1.38 | 1.88 | 1.37 | |
| Revenue growth | – | −6.3% | 22.8% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 19.6 MNOK | 18.4 MNOK | 22.6 MNOK |
| Operating profit | −0.1 MNOK | 0.7 MNOK | 1.8 MNOK |
| Profit before tax | −0.1 MNOK | 0.5 MNOK | 1.7 MNOK |
| Net profit | −0.1 MNOK | 0.4 MNOK | 1.3 MNOK |
| Financial expenses | 0.1 MNOK | 0.2 MNOK | 0.1 MNOK |
| Total assets | 8.1 MNOK | 6.7 MNOK | 8.1 MNOK |
| Current assets | 6.4 MNOK | 5.1 MNOK | 7.0 MNOK |
| Equity | 1.6 MNOK | 2.1 MNOK | 1.9 MNOK |
| Retained earnings | 1.6 MNOK | 2.0 MNOK | 1.8 MNOK |
| Total liabilities | 6.4 MNOK | 4.6 MNOK | 6.3 MNOK |
| Current liabilities | 4.6 MNOK | 2.7 MNOK | 5.2 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 6498563.
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