NORMAL NORGE AS
Score · fiscal year 2025
66of 100
How to read this: the company is ahead of 86 % of large companies in the same sector in 2025. What does this mean?
Rank: 5,598 of 30,442 · Handel
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 95 and solidity 47 out of 100 among large companies in the same sector in 2025. Methodology
Against the sector
NORMAL NORGE AS is 16 points above the median for large companies in the same sector in 2025.
Median score 50 among 287 companies.
Against large companies in the same sector in 2025: operating margin 9.0% (median 2.1%) and equity ratio 31.7% (median 33.4%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 4,795 MNOK | 2,055 MNOK |
| Operating margin | 9.0% | 2.1% |
| Profit margin | 8.9% | 2.1% |
| Return on assets | 36.3% | 8.3% |
| Equity ratio | 31.7% | 33.4% |
| Debt-to-equity | 2.16 | 1.96 |
| Current ratio | 1.05 | 1.27 |
| Revenue growth | 17.4% | 6.2% |
| Revenue per employee | 1.67 MNOK | 17.20 MNOK |
The median and “ahead of” refer to large companies in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 66, NORMAL NORGE AS does better than 86% of large companies in the same sector (287 companies) in 2025.
Score 2023–2025
- NORMAL NORGE AS
- Median: large companies in the same sector
NORMAL NORGE AS has a score of 66 for 2025, rank 5,598 of 30,442 in the sector.
Strongest: Profitability: percentile 95 against peers, operating margin 9.0% against a median of 2.1%. Growth: percentile 80 against peers, revenue growth 17.4% against a median of 6.2%.
Weakest: Liquidity: percentile 29 against peers, current ratio 1.05 against a median of 1.27.
Worth a closer look
- What lies behind weak liquidity, 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
NORMAL NORGE AS had an operating margin of 9.0% and an equity ratio of 31.7% in 2025, and ranks 5,598 of 30,442 in Handel.
From 2024 to 2025: revenue grew by 17%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 380 MNOK and 3,482 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 3,344 MNOK |
| EV/EBIT | 8.0 | 3,482 MNOK |
| P/B | 1.0 | 380 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.
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 −134.9%. 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 | 95 | weight 30% |
|---|---|---|
| Solidity | 47 | weight 25% |
| Liquidity | 29 | weight 15% |
| Growth | 80 | weight 15% |
| Consistency | 63 | weight 15% |
Durability: 65 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is NORMAL NORGE AS?
The operating margin was 9.0% in 2025, against a median of 2.1% among large companies in the same sector. Return on assets was 36.3%.
How solid is NORMAL NORGE AS?
The equity ratio was 31.7% in 2025 (median 33.4%). Debt-to-equity was 2.16 (median 1.96).
What is the liquidity of NORMAL NORGE AS like?
The current ratio was 1.05 in 2025 (median 1.27).
How does NORMAL NORGE AS compare in Handel?
NORMAL NORGE AS ranks 5,598 of 30,442 in Handel for 2025. Among companies of the same size (large companies) it ranks 41 of 287. Revenue changed by 17.4% from the year before.
From the Central Coordinating Register
- Org. no.
- 917019738
- Legal form
- AS
- Sector
- Handel (47.750)
- Size tier
- large
- Employees
- 2,878 registered 10 October 2026
- Founded
- 10 March 2016 10 years in operation
- Share capital
- 7.20 MNOK
- Business address
- Barstølveien 30, 4636 KRISTIANSAND S
- Municipality
- Kristiansand rank 2–6 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
- Thomas Harsvik
- Chair of the board
- Jakob Frølich Maarbjerg
- Board member
- Steen Overholdt Hansen
- Board member
- Torben Østergaard Mouritsen
- Board member
- Liselotte Kirkelund Nielsen
- Board member
- Susanne Hounsgaard
- Board member
- Petter Lange Brevik
- Auditor
- ERNST & YOUNG AS
Source: Central Coordinating Register, fetched 25 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 | 59 | 69 | 66 | |
| Rank | 9,075 | 4,025 | 5,598 | |
| Operating margin | 10.6% | 8.9% | 9.0% | |
| Return on assets | 42.9% | 36.5% | 36.3% | |
| Equity ratio | 26.6% | 34.3% | 31.7% | |
| Current ratio | 0.87 | 0.98 | 1.05 | |
| Revenue growth | – | 25.6% | 17.4% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 3,252.6 MNOK | 4,084.1 MNOK | 4,794.6 MNOK |
| Operating profit | 346.2 MNOK | 363.5 MNOK | 430.8 MNOK |
| Profit before tax | 344.1 MNOK | 355.4 MNOK | 428.7 MNOK |
| Net profit | 268.4 MNOK | 277.1 MNOK | 334.4 MNOK |
| Financial expenses | 8.8 MNOK | 12.2 MNOK | 6.9 MNOK |
| Total assets | 822.2 MNOK | 1,006.5 MNOK | 1,199.1 MNOK |
| Current assets | 522.3 MNOK | 647.9 MNOK | 860.0 MNOK |
| Equity | 218.5 MNOK | 345.6 MNOK | 380.0 MNOK |
| Retained earnings | 188.5 MNOK | 315.6 MNOK | 350.0 MNOK |
| Total liabilities | 603.7 MNOK | 660.9 MNOK | 819.1 MNOK |
| Current liabilities | 599.2 MNOK | 659.1 MNOK | 819.1 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 6332397.
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