DS RØR & VARME AS
Score · fiscal year 2025
30of 100
How to read this: the company is ahead of 16 % of companies in the Morning class Small in the same sector in 2025. What does this mean?
Rank in the Morning class Small: 4,704 of 5,567 · What are Morning company classes?
Place in the whole sector: 16,862 of 20,428 · Bygg og anlegg
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 46 and solidity 4 out of 100 among companies in the Morning class Small in the same sector in 2025. Methodology
Against the sector
DS RØR & VARME AS is 21 points below the median for companies in the Morning class Small in the same sector in 2025.
Median score 51 among 5,567 companies.
Against companies in the Morning class Small in the same sector in 2025: operating margin 3.1% (median 4.5%) and equity ratio 0.8% (median 34.2%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 13 MNOK | 19 MNOK |
| Operating margin | 3.1% | 4.5% |
| Profit margin | 3.2% | 4.3% |
| Return on assets | 11.0% | 11.0% |
| Equity ratio | 0.8% | 34.2% |
| Debt-to-equity | 125.85 | 1.72 |
| Current ratio | 0.98 | 1.48 |
| Revenue growth | −2.4% | 6.0% |
| Revenue per employee | 2.62 MNOK | 1.70 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 30, DS RØR & VARME AS does better than 16% of companies in the Morning class Small in the same sector (5,567 companies) in 2025.
Score 2023–2025
- DS RØR & VARME AS
- Median: companies in the Morning class Small in the same sector
DS RØR & VARME AS has a score of 30 for 2025, rank 16,862 of 20,428 in the sector.
Strongest: Consistency: percentile 48 against peers.
Weakest: Solidity: percentile 4 against peers, equity ratio 0.8% against a median of 34.2%. Liquidity: percentile 15 against peers, current ratio 0.98 against a median of 1.48.
Worth a closer look
- The equity ratio is very low. Could the company absorb a bad year, and does it need more equity? Based on: equity ratio 0.8% (median 34.2%).
- Consider strengthening liquidity: current liabilities are 1.0 times current assets. Based on: current ratio 0.98 (median 1.48).
- 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
DS RØR & VARME AS had an operating margin of 3.1% and an equity ratio of 0.8% in 2025, and ranks 16,862 of 20,428 in Bygg og anlegg.
From 2024 to 2025: the equity ratio fell from 32.7% to 0.8%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 0 MNOK and 5 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 3 MNOK |
| EV/EBIT | 8.0 | 5 MNOK |
| P/B | 1.0 | 0 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
- watch
The equity ratio is very low. Could the company absorb a bad year, and does it need more equity?
Based on: Equity ratio 0.8% (median 34.2%).
- watch
Consider strengthening liquidity: current liabilities are 1.0 times current assets.
Based on: Current ratio 0.98 (median 1.48).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 0.0% 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.
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 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 | 46 | weight 30% |
|---|---|---|
| Solidity | 4 | weight 25% |
| Liquidity | 15 | weight 15% |
| Growth | 35 | weight 15% |
| Consistency | 48 | weight 15% |
Durability: 40 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is DS RØR & VARME AS?
The operating margin was 3.1% in 2025, against a median of 4.5% among companies in the Morning class Small in the same sector. Return on assets was 11.0%.
How solid is DS RØR & VARME AS?
The equity ratio was 0.8% in 2025 (median 34.2%). Debt-to-equity was 125.85 (median 1.72).
What is the liquidity of DS RØR & VARME AS like?
The current ratio was 0.98 in 2025 (median 1.48). Current assets did not cover current liabilities.
How does DS RØR & VARME AS compare in Bygg og anlegg?
DS RØR & VARME AS ranks 16,862 of 20,428 in Bygg og anlegg for 2025. Among companies in the Morning class Small it is number 4,704 of 5,567. Revenue changed by −2.4% from the year before.
From the Central Coordinating Register
- Org. no.
- 915533965
- Legal form
- AS
- Sector
- Bygg og anlegg (43.221)
- Morning company class
- Small
- Employees
- 5 registered 10 November 2025
- Founded
- 1 June 2015 11 years in operation
- Share capital
- 0.03 MNOK
- Business address
- Brandhaugvegen 46, 7540 KLÆBU (TRONDHEIM)
- Municipality
- Trondheim rank 3 of 11 in KOSTRA group 12
- Latest accounts filed
- 2025
- Website
- www.dsrv.no
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
- Kristian Dahl
- Chair of the board
- Stian Marius Sivertsen
- Board member
- Kristian Dahl
- Auditor
- SYSTEMREVISJON FOSEN AS
- Accountant
- ÅFJORD 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 | 42 | 48 | 30 | |
| Rank | 11,610 | 10,578 | 16,862 | |
| Operating margin | 2.9% | 3.6% | 3.1% | |
| Return on assets | 7.8% | 11.0% | 11.0% | |
| Equity ratio | 28.7% | 32.7% | 0.8% | |
| Current ratio | 1.38 | 1.45 | 0.98 | |
| Revenue growth | – | 1.5% | −2.4% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 13.2 MNOK | 13.4 MNOK | 13.1 MNOK |
| Operating profit | 0.4 MNOK | 0.5 MNOK | 0.4 MNOK |
| Profit before tax | 0.4 MNOK | 0.5 MNOK | 0.4 MNOK |
| Net profit | 0.3 MNOK | 0.4 MNOK | 0.3 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Total assets | 5.2 MNOK | 4.5 MNOK | 3.8 MNOK |
| Current assets | 5.0 MNOK | 4.4 MNOK | 3.7 MNOK |
| Equity | 1.5 MNOK | 1.5 MNOK | 0.0 MNOK |
| Retained earnings | 1.5 MNOK | 1.5 MNOK | 0.0 MNOK |
| Total liabilities | 3.7 MNOK | 3.1 MNOK | 3.8 MNOK |
| Current liabilities | 3.6 MNOK | 3.0 MNOK | 3.8 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 6934276.
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