ISAK D WESTGAARD AS
Score · fiscal year 2025
47of 100
How to read this: the company is ahead of 44 % of companies in the Morning class Medium in the same sector in 2025. What does this mean?
Rank in the Morning class Medium: 21 of 37 · What are Morning company classes?
Place in the whole sector: 73 of 125 · Vann, avløp og renovasjon
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 24 and solidity 58 out of 100 among companies in the Morning class Medium in the same sector in 2025. Methodology
Against the sector
ISAK D WESTGAARD AS is 4 points below the median for companies in the Morning class Medium in the same sector in 2025.
Median score 51 among 37 companies.
Against companies in the Morning class Medium in the same sector in 2025: operating margin 0.4% (median 4.0%) and equity ratio 32.0% (median 22.8%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 204 MNOK | 120 MNOK |
| Operating margin | 0.4% | 4.0% |
| Profit margin | −0.9% | 2.3% |
| Return on assets | 1.1% | 5.0% |
| Equity ratio | 32.0% | 22.8% |
| Debt-to-equity | 2.12 | 3.31 |
| Current ratio | 1.36 | 1.31 |
| Revenue growth | 9.4% | 5.5% |
| Revenue per employee | 2.96 MNOK | 2.37 MNOK |
The median and “ahead of” refer to companies in the Morning class Medium in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 47, ISAK D WESTGAARD AS does better than 44% of companies in the Morning class Medium in the same sector (37 companies) in 2025.
Score 2023–2025
- ISAK D WESTGAARD AS
- Median: companies in the Morning class Medium in the same sector
ISAK D WESTGAARD AS has a score of 47 for 2025, rank 73 of 125 in the sector.
Strongest: Growth: percentile 61 against peers, revenue growth 9.4% against a median of 5.5%.
Weakest: Profitability: percentile 24 against peers, operating margin 0.4% against a median of 4.0%.
Worth a closer look
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin −0.9% (median 2.3%).
- What lies behind weak profitability, 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
ISAK D WESTGAARD AS had an operating margin of 0.4% and an equity ratio of 32.0% in 2025, and ranks 73 of 125 in Vann, avløp og renovasjon.
From 2024 to 2025: went from a profit to a loss before tax and the operating margin fell from 4.4% to 0.4%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 17 MNOK and 41 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | 17 MNOK |
| P/B | 1.0 | 41 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 company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −0.9% (median 2.3%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 3.6% 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 2022, the sector's weakest year, for this company.
The sector's weakest year was 2022, with a median operating margin of 1.1%. Based on the 4 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 24 | weight 30% |
|---|---|---|
| Solidity | 58 | weight 25% |
| Liquidity | 58 | weight 15% |
| Growth | 61 | weight 15% |
| Consistency | 50 | weight 15% |
Durability: 48 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is ISAK D WESTGAARD AS?
The operating margin was 0.4% in 2025, against a median of 4.0% among companies in the Morning class Medium in the same sector. Return on assets was 1.1%. The company made a loss before tax.
How solid is ISAK D WESTGAARD AS?
The equity ratio was 32.0% in 2025 (median 22.8%). Debt-to-equity was 2.12 (median 3.31).
What is the liquidity of ISAK D WESTGAARD AS like?
The current ratio was 1.36 in 2025 (median 1.31).
How does ISAK D WESTGAARD AS compare in Vann, avløp og renovasjon?
ISAK D WESTGAARD AS ranks 73 of 125 in Vann, avløp og renovasjon for 2025. Among companies in the Morning class Medium it is number 21 of 37. Revenue changed by 9.4% from the year before.
Public contracts
- Contracts awarded since 2024
- 5
- in 4 notices (lots counted separately)
- Total awarded value since 2024
- 92.0 MNOK
- 3 contracts without a stated value are not in the total.
| Date | Buyer | Notice | Value |
|---|---|---|---|
| 26 February 2026 | Innherred Renovasjon IKS | Omlasting og behandling av avfall - Innherred Renovasjon | 77.0 MNOK (2 lots) |
| 29 October 2025 | ECOPRO AS | Kunngjøring av kontrakstinngåelse | 15.0 MNOK |
| 21 November 2024 | ECOPRO AS | Anskaffelse av transport av matavfall | value not stated |
| 12 June 2024 | Forsvarsbygg | Rammeavtale Renovasjonstjenester - region Vest, distrikt Trøndelag (4 selvstendige delkontrakter) | value not stated |
| 21 December 2023 | Trondheim Renholdsverk AS | Transport, mottak og ettersortering av restavfall/grovsortert avfall | value not stated |
| 27 May 2021 | Steinkjer kommune | Behandling og transport av usortert restavfall | value not stated |
| 14 November 2019 | Innherred Renovasjon IKS | Transport Gjenvinningstasjoner IR IKS 2020 | value not stated |
| 9 January 2017 | Trondheim Renholdsverk AS | Anskaffelse av transporttjenester | value not stated |
Based on notices in Doffin. Does not show call-offs under framework agreements or purchases below the publication threshold. Values are as stated by the buyer.
Source: Doffin (DFØ), fetched 28 October 2026. Winners are matched on organisation number.
Contains data under the Norwegian licence for public data (NLOD 2.0) made available by Doffin/the Norwegian Agency for Public and Financial Management (DFØ). NLOD 2.0
From the Central Coordinating Register
- Org. no.
- 917319693
- Legal form
- AS
- Sector
- Vann, avløp og renovasjon (38.110)
- Morning company class
- Medium
- Employees
- 69 registered 10 September 2026
- Founded
- 2 January 1981 45 years in operation
- Share capital
- 0.12 MNOK
- Business address
- Industrivegen 13, 7502 STJØRDAL
- Municipality
- Stjørdal rank 11–20 of 27 in KOSTRA group 9
- Latest accounts filed
- 2025
- LEI
- 1595HNR2BOSVE0H7PT87 not renewed (lapsed)
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
- Sverre Myrvold Bjerve
- Chair of the board
- Geir Tore Leira
- Board member
- Unni Storstad
- Board member
- Lisbeth Myrvold Bjerve
- Board member
- Marius Aasjord
- Board member
- Sverre Myrvold Bjerve
- Deputy member
- Karl Peder Bjerve
- Deputy member
- Bjørn Roger Nøstberg
- Auditor
- BDO AS
- Accountant
- AIDER AS
Source: Central Coordinating Register, fetched 31 October 2026. Only names are shown.
- Parent company
- Parent does not consolidate the company
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 29 October 2026. The parent is the one the company itself reported to GLEIF.
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 | 45 | 51 | 47 | |
| Rank | 71 | 61 | 73 | |
| Operating margin | 3.1% | 4.4% | 0.4% | |
| Return on assets | 5.6% | 7.9% | 1.1% | |
| Equity ratio | 36.5% | 37.0% | 32.0% | |
| Current ratio | 1.40 | 1.35 | 1.36 | |
| Revenue growth | – | 5.4% | 9.4% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 176.9 MNOK | 186.5 MNOK | 204.0 MNOK |
| Operating profit | 5.5 MNOK | 8.3 MNOK | 0.8 MNOK |
| Profit before tax | 3.2 MNOK | 6.5 MNOK | −1.7 MNOK |
| Net profit | 2.5 MNOK | 4.8 MNOK | −1.1 MNOK |
| Financial expenses | 2.8 MNOK | 2.5 MNOK | 3.2 MNOK |
| Total assets | 107.9 MNOK | 113.9 MNOK | 128.3 MNOK |
| Current assets | 36.2 MNOK | 47.8 MNOK | 50.7 MNOK |
| Equity | 39.4 MNOK | 42.1 MNOK | 41.1 MNOK |
| Retained earnings | 39.2 MNOK | 42.0 MNOK | 41.0 MNOK |
| Total liabilities | 68.6 MNOK | 71.8 MNOK | 87.3 MNOK |
| Current liabilities | 25.8 MNOK | 35.4 MNOK | 37.2 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 31 October 2026, accounts id 7106231.
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