Norrein AS
Score · fiscal year 2025
57of 100
How to read this: the company is ahead of 64 % of companies in the Morning class Medium in the same sector in 2025. What does this mean?
Rank in the Morning class Medium: 160 of 437 · What are Morning company classes?
Place in the whole sector: 792 of 2,178 · Forretningsmessig tjenesteyting
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 100 and solidity 23 out of 100 among companies in the Morning class Medium in the same sector in 2025. Methodology
Against the sector
Norrein AS is 6 points above the median for companies in the Morning class Medium in the same sector in 2025.
Median score 51 among 437 companies.
Against companies in the Morning class Medium in the same sector in 2025: operating margin 67.6% (median 4.5%) and equity ratio 8.8% (median 20.9%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 191 MNOK | 117 MNOK |
| Operating margin | 67.6% | 4.5% |
| Profit margin | 69.8% | 4.4% |
| Return on assets | 80.9% | 11.1% |
| Equity ratio | 8.8% | 20.9% |
| Debt-to-equity | 10.30 | 3.53 |
| Current ratio | 1.08 | 1.14 |
| Revenue growth | 13.0% | 7.9% |
| Revenue per employee | 4.15 MNOK | 1.63 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 57, Norrein AS does better than 64% of companies in the Morning class Medium in the same sector (437 companies) in 2025.
Score 2023–2025
- Norrein AS
- Median: companies in the Morning class Medium in the same sector
Norrein AS has a score of 57 for 2025, rank 792 of 2,178 in the sector.
Strongest: Profitability: percentile 100 against peers, operating margin 67.6% against a median of 4.5%. Growth: percentile 60 against peers, revenue growth 13.0% against a median of 7.9%.
Weakest: Solidity: percentile 23 against peers, equity ratio 8.8% against a median of 20.9%.
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 8.8% (median 20.9%).
- 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
Norrein AS had an operating margin of 67.6% and an equity ratio of 8.8% in 2025, and ranks 792 of 2,178 in Forretningsmessig tjenesteyting.
From 2024 to 2025: revenue grew by 13%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 15 MNOK and 1,119 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 1,038 MNOK |
| EV/EBIT | 8.0 | 1,119 MNOK |
| P/B | 1.0 | 15 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 8.8% (median 20.9%).
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 2026, the sector's weakest year, for this company.
The sector's weakest year was 2026, with a median operating margin of −3.2%. Based on the 9 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 100 | weight 30% |
|---|---|---|
| Solidity | 23 | weight 25% |
| Liquidity | 42 | weight 15% |
| Growth | 60 | weight 15% |
| Consistency | 42 | weight 15% |
Durability: 55 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Norrein AS?
The operating margin was 67.6% in 2025, against a median of 4.5% among companies in the Morning class Medium in the same sector. Return on assets was 80.9%.
How solid is Norrein AS?
The equity ratio was 8.8% in 2025 (median 20.9%). Debt-to-equity was 10.30 (median 3.53).
What is the liquidity of Norrein AS like?
The current ratio was 1.08 in 2025 (median 1.14).
How does Norrein AS compare in Forretningsmessig tjenesteyting?
Norrein AS ranks 792 of 2,178 in Forretningsmessig tjenesteyting for 2025. Among companies in the Morning class Medium it is number 160 of 437. Revenue changed by 13.0% from the year before.
From the Central Coordinating Register
- Org. no.
- 917377529
- Legal form
- AS
- Sector
- Forretningsmessig tjenesteyting (82.100)
- Morning company class
- Medium
- Employees
- 46 registered 10 October 2026
- Founded
- 6 June 2016 10 years in operation
- Share capital
- 0.56 MNOK
- Business address
- c/o Norrein AS, Kongens gate 30, 7012 TRONDHEIM
- Municipality
- Trondheim rank 3 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
Loading roles …
Source: Central Coordinating Register, fetched 31 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 31 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 55 | 53 | 57 | |
| Rank | 876 | 922 | 792 | |
| Operating margin | 72.4% | 67.5% | 67.6% | |
| Return on assets | 67.5% | 77.5% | 80.9% | |
| Equity ratio | 11.3% | 9.4% | 8.8% | |
| Current ratio | 1.10 | 1.10 | 1.08 | |
| Revenue growth | – | 3.5% | 13.0% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 163.2 MNOK | 168.8 MNOK | 190.7 MNOK |
| Operating profit | 118.1 MNOK | 114.0 MNOK | 129.0 MNOK |
| Profit before tax | 124.2 MNOK | 118.8 MNOK | 133.1 MNOK |
| Net profit | 96.8 MNOK | 92.5 MNOK | 103.8 MNOK |
| Financial expenses | 0.1 MNOK | 0.0 MNOK | 0.0 MNOK |
| Total assets | 184.2 MNOK | 153.3 MNOK | 164.6 MNOK |
| Current assets | 180.4 MNOK | 152.2 MNOK | 162.7 MNOK |
| Equity | 20.9 MNOK | 14.4 MNOK | 14.6 MNOK |
| Retained earnings | 6.9 MNOK | 0.4 MNOK | 0.5 MNOK |
| Total liabilities | 163.3 MNOK | 138.9 MNOK | 150.0 MNOK |
| Current liabilities | 163.3 MNOK | 138.9 MNOK | 150.0 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 31 October 2026, accounts id 6854500.
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