MINDOR FORMWORK AS
Score · fiscal year 2023
46of 100
How to read this: the company is ahead of 45 % of companies in the Morning class Micro in the same sector in 2023. What does this mean?
Rank in the Morning class Micro: 5,854 of 10,647 · What are Morning company classes?
Place in the whole sector: 11,691 of 21,201 · Handel
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2023, not a verdict on the company. Based on profitability 89 and solidity 0 out of 100 among companies in the Morning class Micro in the same sector in 2023. Methodology
Against the sector
MINDOR FORMWORK AS is 4 points below the median for companies in the Morning class Micro in the same sector in 2023.
Median score 50 among 10,638 companies.
Against companies in the Morning class Micro in the same sector in 2023: operating margin 14.2% (median 2.6%) and equity ratio −4.3% (median 35.8%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 1 MNOK | 4 MNOK |
| Operating margin | 14.2% | 2.6% |
| Profit margin | 14.2% | 2.1% |
| Return on assets | 42.6% | 5.8% |
| Equity ratio | −4.3% | 35.8% |
| Debt-to-equity | – | 1.24 |
| Current ratio | 4.18 | 1.79 |
| Revenue growth | – | 6.5% |
The median and “ahead of” refer to companies in the Morning class Micro in the same sector in 2023. The bar shows the share of companies the figure is ahead of.
With an index of 46, MINDOR FORMWORK AS does better than 45% of companies in the Morning class Micro in the same sector (10,647 companies) in 2023.
Score 2023–2025
- MINDOR FORMWORK AS
- Median: companies in the Morning class Micro in the same sector
What the numbers say
MINDOR FORMWORK AS had an operating margin of 14.2% and an equity ratio of −4.3% in 2023, and ranks 11,691 of 21,201 in Handel.
This text is generated automatically from the 2023 accounts.
Three simple methods
The methods give between 1 MNOK and 2 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 2 MNOK |
| EV/EBIT | 8.0 | 1 MNOK |
| P/B | 1.0 | not meaningful |
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
- critical
Equity is negative. How will it be rebuilt, and what do lenders and the auditor say about going concern?
Based on: Equity ratio −4.3% (median 35.8%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 0.2% of the debt in 2023. The policy rate averaged 3.54 % 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
- critical Negative equity
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 1.5%. 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 | 0 | weight 25% |
| Liquidity | 84 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 2 | weight 15% |
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is MINDOR FORMWORK AS?
The operating margin was 14.2% in 2023, against a median of 2.6% among companies in the Morning class Micro in the same sector. Return on assets was 42.6%.
How solid is MINDOR FORMWORK AS?
The equity ratio was −4.3% in 2023 (median 35.8%). Equity is negative, so liabilities exceed assets.
What is the liquidity of MINDOR FORMWORK AS like?
The current ratio was 4.18 in 2023 (median 1.79).
How does MINDOR FORMWORK AS compare in Handel?
MINDOR FORMWORK AS ranks 11,691 of 21,201 in Handel for 2023. Among companies in the Morning class Micro it is number 5,854 of 10,647.
From the Central Coordinating Register
- Org. no.
- 916959885
- Legal form
- AS
- Sector
- Handel (46.830)
- Morning company class
- Micro
- Employees
- 0–4 (not registered)
- Founded
- 15 March 2016 10 years in operation
- Share capital
- 1.15 MNOK
- Business address
- Bruksenhetsnummer H0101, Ulltang, Førdefjordvegen 319, 6815 FØRDE (SUNNFJORD)
- Municipality
- Sunnfjord rank 5 of 27 in KOSTRA group 9
- Audit
- Audit opted out from 15 January 2018
- Latest accounts filed
- 2025
- Website
- www.mindor.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
- Mindor Karl Sunde
- Chair of the board
- Dag Solheim
- Board member
- Mindor Karl Sunde
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 | 46 | – | 77 | |
| Rank | 11,691 | – | 1,399 | |
| Operating margin | 14.2% | −23.8% | 14.4% | |
| Return on assets | 42.6% | −35.1% | 29.1% | |
| Equity ratio | −4.3% | 87.8% | 68.1% | |
| Current ratio | 4.18 | 8.17 | 3.13 | |
| Revenue growth | – | −69.0% | 200.5% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 1.1 MNOK | 0.3 MNOK | 1.0 MNOK |
| Operating profit | 0.2 MNOK | −0.1 MNOK | 0.1 MNOK |
| Profit before tax | 0.2 MNOK | −0.1 MNOK | 0.2 MNOK |
| Net profit | 0.2 MNOK | −0.1 MNOK | 0.2 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Total assets | 0.4 MNOK | 0.2 MNOK | 0.5 MNOK |
| Current assets | 0.4 MNOK | 0.2 MNOK | 0.5 MNOK |
| Equity | 0.0 MNOK | 0.2 MNOK | 0.4 MNOK |
| Retained earnings | −0.9 MNOK | −0.9 MNOK | −0.8 MNOK |
| Total liabilities | 0.4 MNOK | 0.0 MNOK | 0.2 MNOK |
| Current liabilities | 0.1 MNOK | 0.0 MNOK | 0.2 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 4949143.
Further
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