Frode Mikaelsen AS
Score · fiscal year 2024
67of 100
How to read this: the company is ahead of 82 % of companies in the Morning class Micro in the same sector in 2024. What does this mean?
Rank in the Morning class Micro: 124 of 667 · What are Morning company classes?
Place in the whole sector: 189 of 1,028 · Kultur og fritid
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 75 and solidity 71 out of 100 among companies in the Morning class Micro in the same sector in 2024. Methodology
Against the sector
Frode Mikaelsen AS is 18 points above the median for companies in the Morning class Micro in the same sector in 2024.
Median score 49 among 667 companies.
Against companies in the Morning class Micro in the same sector in 2024: operating margin 17.8% (median 3.8%) and equity ratio 63.0% (median 34.3%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 1 MNOK | 3 MNOK |
| Operating margin | 17.8% | 3.8% |
| Profit margin | 17.8% | 2.8% |
| Return on assets | 21.3% | 7.6% |
| Equity ratio | 63.0% | 34.3% |
| Debt-to-equity | 0.59 | 1.26 |
| Current ratio | 2.70 | 1.46 |
| Revenue growth | −8.9% | 4.6% |
The median and “ahead of” refer to companies in the Morning class Micro in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
With an index of 67, Frode Mikaelsen AS does better than 82% of companies in the Morning class Micro in the same sector (667 companies) in 2024.
Score 2023–2025
- Frode Mikaelsen AS
- Median: companies in the Morning class Micro in the same sector
What the numbers say
Frode Mikaelsen AS had an operating margin of 17.8% and an equity ratio of 63.0% in 2024, and ranks 189 of 1,028 in Kultur og fritid.
From 2023 to 2024: the equity ratio rose from 35.2% to 63.0% and the operating margin fell from 22.9% to 17.8%.
This text is generated automatically from the 2024 accounts.
Three simple methods
The methods give between 1 MNOK and 3 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 2 MNOK |
| EV/EBIT | 8.0 | 3 MNOK |
| P/B | 1.0 | 1 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.
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 2026, the sector's weakest year, for this company.
The sector's weakest year was 2026, with a median operating margin of −5.4%. Based on the 7 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 75 | weight 30% |
|---|---|---|
| Solidity | 71 | weight 25% |
| Liquidity | 75 | weight 15% |
| Growth | 22 | weight 15% |
| Consistency | 83 | weight 15% |
Durability: 65 (average over 2 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Frode Mikaelsen AS?
The operating margin was 17.8% in 2024, against a median of 3.8% among companies in the Morning class Micro in the same sector. Return on assets was 21.3%.
How solid is Frode Mikaelsen AS?
The equity ratio was 63.0% in 2024 (median 34.3%). Debt-to-equity was 0.59 (median 1.26).
What is the liquidity of Frode Mikaelsen AS like?
The current ratio was 2.70 in 2024 (median 1.46).
How does Frode Mikaelsen AS compare in Kultur og fritid?
Frode Mikaelsen AS ranks 189 of 1,028 in Kultur og fritid for 2024. Among companies in the Morning class Micro it is number 124 of 667. Revenue changed by −8.9% from the year before.
From the Central Coordinating Register
- Org. no.
- 915019765
- Legal form
- AS
- Sector
- Kultur og fritid (90.201)
- Morning company class
- Micro
- Employees
- 0–4 (not registered)
- Founded
- 2 January 2015 11 years in operation
- Share capital
- 0.03 MNOK
- Business address
- Øvre Lagård terrasse 22, 8012 BODØ
- Municipality
- Bodø rank 4–9 of 10 in KOSTRA group 11
- Audit
- Audit opted out from 23 February 2015
- 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 2 November 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 31 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 63 | 67 | 41 | |
| Rank | 286 | 189 | 689 | |
| Operating margin | 22.9% | 17.8% | −6.3% | |
| Return on assets | 22.8% | 21.3% | −7.2% | |
| Equity ratio | 35.2% | 63.0% | 53.6% | |
| Current ratio | 1.54 | 2.70 | 2.12 | |
| Revenue growth | – | −8.9% | −19.8% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 1.5 MNOK | 1.4 MNOK | 1.1 MNOK |
| Operating profit | 0.3 MNOK | 0.2 MNOK | −0.1 MNOK |
| Profit before tax | 0.3 MNOK | 0.2 MNOK | −0.1 MNOK |
| Net profit | 0.3 MNOK | 0.2 MNOK | −0.1 MNOK |
| Financial expenses | – | – | – |
| Total assets | 1.5 MNOK | 1.1 MNOK | 1.0 MNOK |
| Current assets | 1.5 MNOK | 1.1 MNOK | 0.9 MNOK |
| Equity | 0.5 MNOK | 0.7 MNOK | 0.5 MNOK |
| Retained earnings | 0.5 MNOK | 0.7 MNOK | 0.5 MNOK |
| Total liabilities | 1.0 MNOK | 0.4 MNOK | 0.4 MNOK |
| Current liabilities | 1.0 MNOK | 0.4 MNOK | 0.4 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 31 October 2026, accounts id 6071349.
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