NORMAL NORGE AS
Score · fiscal year 2023
59of 100
How to read this: the company is ahead of 71 % of large companies in the same sector in 2023. What does this mean?
Rank: 12,119 of 34,736 · Handel
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2023, not a verdict on the company. Based on profitability 95 and solidity 40 out of 100 among large companies in the same sector in 2023. Methodology
Against the sector
NORMAL NORGE AS is 12 points above the median for large companies in the same sector in 2023.
Median score 47 among 301 companies.
Against large companies in the same sector in 2023: operating margin 10.6% (median 2.0%) and equity ratio 26.6% (median 31.0%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 3,253 MNOK | 2,149 MNOK |
| Operating margin | 10.6% | 2.0% |
| Profit margin | 10.6% | 2.0% |
| Return on assets | 42.9% | 8.5% |
| Equity ratio | 26.6% | 31.0% |
| Debt-to-equity | 2.76 | 2.15 |
| Current ratio | 0.87 | 1.24 |
| Revenue growth | – | 2.3% |
| Revenue per employee | 1.13 MNOK | 13.74 MNOK |
The median and “ahead of” refer to large companies in the same sector in 2023. The bar shows the share of companies the figure is ahead of.
With an index of 59, NORMAL NORGE AS does better than 71% of large companies in the same sector (301 companies) in 2023.
Score 2023–2025
- NORMAL NORGE AS
- Median: large companies in the same sector
What the numbers say
NORMAL NORGE AS had an operating margin of 10.6% and an equity ratio of 26.6% in 2023, and ranks 12,119 of 34,736 in Handel.
This text is generated automatically from the 2023 accounts.
Three simple methods
The methods give between 218 MNOK and 2,794 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 2,684 MNOK |
| EV/EBIT | 8.0 | 2,794 MNOK |
| P/B | 1.0 | 218 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
Consider strengthening liquidity: current liabilities are 1.1 times current assets.
Based on: Current ratio 0.87 (median 1.24).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 1.5% 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.
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 | 95 | weight 30% |
|---|---|---|
| Solidity | 40 | weight 25% |
| Liquidity | 13 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 62 | weight 15% |
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is NORMAL NORGE AS?
The operating margin was 10.6% in 2023, against a median of 2.0% among large companies in the same sector. Return on assets was 42.9%.
How solid is NORMAL NORGE AS?
The equity ratio was 26.6% in 2023 (median 31.0%). Debt-to-equity was 2.76 (median 2.15).
What is the liquidity of NORMAL NORGE AS like?
The current ratio was 0.87 in 2023 (median 1.24). Current assets did not cover current liabilities.
How does NORMAL NORGE AS compare in Handel?
NORMAL NORGE AS ranks 12,119 of 34,736 in Handel for 2023. Among companies of the same size (large companies) it ranks 89 of 301.
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 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 | 59 | 68 | 65 | |
| Rank | 12,119 | 5,867 | 7,775 | |
| 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 4560357.
Further
Similar companies
- ASKO AGDER AS index 59, rank 11,805 · compare
- HOMECO ASA index 59, rank 11,929 · compare
- EPLEHUSET NORGE AS index 59, rank 12,059 · compare
- NORSK BUTIKKDRIFT AS index 59, rank 12,104 · compare
- SYNSAM GROUP NORWAY AS index 58, rank 12,430 · compare