Grindvik Bygg AS
Score · fiscal year 2024
55of 100
How to read this: the company is ahead of 58 % of companies in the Morning class Small in the same sector in 2024. What does this mean?
Rank in the Morning class Small: 2,234 of 5,345 · What are Morning company classes?
Place in the whole sector: 8,108 of 19,403 · Bygg og anlegg
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 15 and solidity 98 out of 100 among companies in the Morning class Small in the same sector in 2024. Methodology
Against the sector
Grindvik Bygg AS is 4 points above the median for companies in the Morning class Small in the same sector in 2024.
Median score 51 among 5,345 companies.
Against companies in the Morning class Small in the same sector in 2024: operating margin −2.3% (median 4.7%) and equity ratio 80.0% (median 34.8%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 12 MNOK | 19 MNOK |
| Operating margin | −2.3% | 4.7% |
| Profit margin | −2.1% | 4.4% |
| Return on assets | −1.7% | 11.0% |
| Equity ratio | 80.0% | 34.8% |
| Debt-to-equity | 0.25 | 1.72 |
| Current ratio | 4.85 | 1.49 |
| Revenue growth | −31.0% | 4.1% |
| Revenue per employee | 1.54 MNOK | 1.67 MNOK |
The median and “ahead of” refer to companies in the Morning class Small in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
With an index of 55, Grindvik Bygg AS does better than 58% of companies in the Morning class Small in the same sector (5,345 companies) in 2024.
Score 2023–2025
- Grindvik Bygg AS
- Median: companies in the Morning class Small in the same sector
What the numbers say
Grindvik Bygg AS had an operating margin of −2.3% and an equity ratio of 80.0% in 2024, and ranks 8,108 of 19,403 in Bygg og anlegg.
From 2023 to 2024: went from a profit to a loss before tax and the operating margin fell from 16.6% to −2.3%.
This text is generated automatically from the 2024 accounts.
Three simple methods
One method gives a figure: 10 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 10 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 −2.1% (median 4.4%).
- watch
The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors?
Based on: Operating margin −2.3% (median 4.7%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 2.2% of the debt in 2024. The policy rate averaged 4.50 % 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 2021, the sector's weakest year, for this company.
The sector's weakest year was 2021, with a median operating margin of 1.8%. 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 | 15 | weight 30% |
|---|---|---|
| Solidity | 98 | weight 25% |
| Liquidity | 98 | weight 15% |
| Growth | 6 | weight 15% |
| Consistency | 68 | weight 15% |
Durability: 72 (average over 2 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Grindvik Bygg AS?
The operating margin was −2.3% in 2024, against a median of 4.7% among companies in the Morning class Small in the same sector. Return on assets was −1.7%. The company made a loss before tax.
How solid is Grindvik Bygg AS?
The equity ratio was 80.0% in 2024 (median 34.8%). Debt-to-equity was 0.25 (median 1.72).
What is the liquidity of Grindvik Bygg AS like?
The current ratio was 4.85 in 2024 (median 1.49).
How does Grindvik Bygg AS compare in Bygg og anlegg?
Grindvik Bygg AS ranks 8,108 of 19,403 in Bygg og anlegg for 2024. Among companies in the Morning class Small it is number 2,234 of 5,345. Revenue changed by −31.0% from the year before.
Public contracts
- Contracts awarded since 2024
- 0
- Total awarded value since 2024
- value not stated
| Date | Buyer | Notice | Value |
|---|---|---|---|
| 21 September 2023 | Ålesund kommunale eiendom KF | Anskaffelse - Flytting og reetablering av moduler ved Flisnes skole, 2023 | 6.6 MNOK |
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 27 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.
- 917695822
- Legal form
- AS
- Sector
- Bygg og anlegg (41.000)
- Morning company class
- Small
- Employees
- 8 registered 10 September 2025
- Founded
- 10 April 1978 48 years in operation
- Share capital
- 0.50 MNOK
- Business address
- Furlivegen 136, 6260 SKODJE (ÅLESUND)
- Municipality
- Ålesund rank 2–6 of 10 in KOSTRA group 11
- 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
- Lars Ivar Grindvik
- Chair of the board
- Lars Ivar Grindvik
- Board member
- Marit Grindvik
- Auditor
- Contabile AS
- Accountant
- AS STETTE DATA
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 | 89 | 55 | 62 | |
| Rank | 496 | 8,108 | 5,475 | |
| Operating margin | 16.6% | −2.3% | 2.7% | |
| Return on assets | 20.3% | −1.7% | 6.5% | |
| Equity ratio | 68.3% | 80.0% | 71.3% | |
| Current ratio | 3.05 | 4.85 | 3.36 | |
| Revenue growth | – | −31.0% | 1.3% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 17.9 MNOK | 12.3 MNOK | 12.5 MNOK |
| Operating profit | 3.0 MNOK | −0.3 MNOK | 0.3 MNOK |
| Profit before tax | 3.0 MNOK | −0.3 MNOK | 0.5 MNOK |
| Net profit | 2.3 MNOK | −0.2 MNOK | 0.4 MNOK |
| Financial expenses | 0.1 MNOK | 0.1 MNOK | 0.0 MNOK |
| Total assets | 14.8 MNOK | 12.4 MNOK | 8.1 MNOK |
| Current assets | 14.3 MNOK | 12.0 MNOK | 7.9 MNOK |
| Equity | 10.1 MNOK | 9.9 MNOK | 5.8 MNOK |
| Retained earnings | 9.6 MNOK | 9.4 MNOK | 5.6 MNOK |
| Total liabilities | 4.7 MNOK | 2.5 MNOK | 2.3 MNOK |
| Current liabilities | 4.7 MNOK | 2.5 MNOK | 2.3 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 5551165.
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