AS NORFO
Score · fiscal year 2025
77of 100
How to read this: the company is ahead of 96 % of medium-sized companies in the same sector in 2025. What does this mean?
Rank: 1,974 of 38,670 · Handel
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 89 and solidity 70 out of 100 among medium-sized companies in the same sector in 2025. Methodology
Against the sector
AS NORFO is 28 points above the median for medium-sized companies in the same sector in 2025.
Median score 49 among 2,198 companies.
Against medium-sized companies in the same sector in 2025: operating margin 12.0% (median 3.2%) and equity ratio 48.4% (median 32.6%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 122 MNOK | 173 MNOK |
| Operating margin | 12.0% | 3.2% |
| Profit margin | 12.2% | 3.2% |
| Return on assets | 28.6% | 11.6% |
| Equity ratio | 48.4% | 32.6% |
| Debt-to-equity | 1.07 | 2.03 |
| Current ratio | 1.69 | 1.38 |
| Revenue growth | 34.5% | 6.8% |
| Revenue per employee | 6.09 MNOK | 6.45 MNOK |
The median and “ahead of” refer to medium-sized companies in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 77, AS NORFO does better than 96% of medium-sized companies in the same sector (2,203 companies) in 2025.
Score 2023–2025
- AS NORFO
- Median: medium-sized companies in the same sector
AS NORFO has a score of 77 for 2025, rank 1,974 of 38,670 in the sector.
Strongest: Profitability: percentile 89 against peers, operating margin 12.0% against a median of 3.2%. Growth: percentile 88 against peers, revenue growth 34.5% against a median of 6.8%.
No area is clearly below its peers.
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
AS NORFO had an operating margin of 12.0% and an equity ratio of 48.4% in 2025, and ranks 1,974 of 38,670 in Handel.
From 2024 to 2025: the equity ratio rose from 31.0% to 48.4% and revenue grew by 34%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 25 MNOK and 128 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 117 MNOK |
| EV/EBIT | 8.0 | 128 MNOK |
| P/B | 1.0 | 25 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 0.3% 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 2017, the sector's weakest year, for this company.
The sector's weakest year was 2017, with a median operating margin of −65.6%. 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 | 89 | weight 30% |
|---|---|---|
| Solidity | 70 | weight 25% |
| Liquidity | 66 | weight 15% |
| Growth | 88 | weight 15% |
| Consistency | 65 | weight 15% |
Durability: 62 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is AS NORFO?
The operating margin was 12.0% in 2025, against a median of 3.2% among medium-sized companies in the same sector. Return on assets was 28.6%.
How solid is AS NORFO?
The equity ratio was 48.4% in 2025 (median 32.6%). Debt-to-equity was 1.07 (median 2.03).
What is the liquidity of AS NORFO like?
The current ratio was 1.69 in 2025 (median 1.38).
How does AS NORFO compare in Handel?
AS NORFO ranks 1,974 of 38,670 in Handel for 2025. Among companies of the same size (medium-sized companies) it ranks 100 of 2,203. Revenue changed by 34.5% from the year before.
Group accounts · 2023
47 of 100
Rank 916 of 1687 groups with group accounts. Groups are ranked only against each other, not against single companies.
- Operating revenue, group
- 90 MNOK
- Operating profit, group
- 4 MNOK
- Profit before tax, group
- 4 MNOK
- Total assets, group
- 43 MNOK
- Equity, group
- 12 MNOK
| Key figure | The group | The company alone (2025) |
|---|---|---|
| Operating margin | 4.2% | – |
| Return on assets | 9.7% | – |
| Equity ratio | 28.3% | – |
| Current ratio | 1.58 | – |
| Revenue growth | – | – |
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 2023 (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.
We do not show the group structure, because open data does not say who owns whom.
Public contracts
- Contracts awarded since 2024
- 1
- Total awarded value since 2024
- value not stated
- Framework agreements
- 1
- Left out of the total: the value is a ceiling, not actual spend.
| Date | Buyer | Notice | Value |
|---|---|---|---|
| 26 May 2026 | Lillestrøm Kommune | 2.gangs utlysning - Rammeavtale for utstyr til tilfluktsrom | 54.2 MNOK (framework) |
| 31 March 2023 | NTNU | Utstyr til tilfluktsrom | 3.0 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.
- 914796881
- Legal form
- AS · part of a group
- Sector
- Handel (46.840)
- Size tier
- medium
- Employees
- 20 registered 10 September 2026
- Founded
- 27 September 1963 63 years in operation
- Share capital
- 0.06 MNOK
- Business address
- Industriveien 4A, 2020 SKEDSMOKORSET (LILLESTRØM)
- Municipality
- Lillestrøm rank 7 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
- Ivar Njøs
- Chair of the board
- Øystein Jensen
- Board member
- Hanne Marie Rustad Gundersrud
- Board member
- Ivar Njøs
- Board member
- Frode Samuelsen
- Board member
- Veronica Adolfsen
- Auditor
- CEDRA NORGE AS
- Accountant
- SKEDSMO REGNSKAP 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 | 54 | 56 | 77 | |
| Rank | 15,056 | 14,452 | 1,974 | |
| Operating margin | 7.2% | 6.6% | 12.0% | |
| Return on assets | 17.3% | 14.2% | 28.6% | |
| Equity ratio | 29.5% | 31.0% | 48.4% | |
| Current ratio | 1.35 | 1.27 | 1.69 | |
| Revenue growth | – | 8.5% | 34.5% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 83.5 MNOK | 90.6 MNOK | 121.8 MNOK |
| Operating profit | 6.0 MNOK | 6.0 MNOK | 14.6 MNOK |
| Profit before tax | 6.2 MNOK | 6.1 MNOK | 14.9 MNOK |
| Net profit | 4.9 MNOK | 4.9 MNOK | 11.7 MNOK |
| Financial expenses | 0.2 MNOK | 0.1 MNOK | 0.1 MNOK |
| Total assets | 36.7 MNOK | 44.2 MNOK | 52.4 MNOK |
| Current assets | 29.9 MNOK | 36.7 MNOK | 43.8 MNOK |
| Equity | 10.8 MNOK | 13.7 MNOK | 25.4 MNOK |
| Retained earnings | 10.8 MNOK | 13.6 MNOK | 25.3 MNOK |
| Total liabilities | 25.9 MNOK | 30.5 MNOK | 27.0 MNOK |
| Current liabilities | 22.2 MNOK | 28.9 MNOK | 25.9 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 6955520.
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