Varde AS
Score · fiscal year 2025
44of 100
How to read this: the company is ahead of 33 % of companies in the Morning class Small in the same sector in 2025. What does this mean?
Rank in the Morning class Small: 202 of 303 · What are Morning company classes?
Place in the whole sector: 1,279 of 1,989 · Helse og omsorg
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 26 and solidity 66 out of 100 among companies in the Morning class Small in the same sector in 2025. Methodology
Against the sector
Varde AS is 7 points below the median for companies in the Morning class Small in the same sector in 2025.
Median score 51 among 303 companies.
Against companies in the Morning class Small in the same sector in 2025: operating margin 0.3% (median 5.3%) and equity ratio 60.6% (median 38.6%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 46 MNOK | 21 MNOK |
| Operating margin | 0.3% | 5.3% |
| Profit margin | 0.2% | 5.2% |
| Return on assets | 2.3% | 10.2% |
| Equity ratio | 60.6% | 38.6% |
| Debt-to-equity | 0.65 | 1.33 |
| Current ratio | 1.72 | 1.42 |
| Revenue growth | −22.2% | 5.1% |
| Revenue per employee | 0.53 MNOK | 1.03 MNOK |
The median and “ahead of” refer to companies in the Morning class Small in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 44, Varde AS does better than 33% of companies in the Morning class Small in the same sector (303 companies) in 2025.
Score 2023–2025
- Varde AS
- Median: companies in the Morning class Small in the same sector
Varde AS has a score of 44 for 2025, rank 1,279 of 1,989 in the sector.
Strongest: Consistency: percentile 69 against peers. Solidity: percentile 66 against peers, equity ratio 60.6% against a median of 38.6%.
Weakest: Growth: percentile 2 against peers, revenue growth −22.2% against a median of 5.1%. Profitability: percentile 26 against peers, operating margin 0.3% against a median of 5.3%.
Worth a closer look
- The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors? Based on: operating margin 0.3% (median 5.3%).
- What lies behind weak growth, and will it last?
- 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
Varde AS had an operating margin of 0.3% and an equity ratio of 60.6% in 2025, and ranks 1,279 of 1,989 in Helse og omsorg.
From 2024 to 2025: the equity ratio rose from 39.9% to 60.6% and revenue fell by 22%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 1 MNOK and 10 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 1 MNOK |
| EV/EBIT | 8.0 | 5 MNOK |
| 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 operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors?
Based on: Operating margin 0.3% (median 5.3%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 4.1% 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 −10.4%. Based on the 6 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 26 | weight 30% |
|---|---|---|
| Solidity | 66 | weight 25% |
| Liquidity | 58 | weight 15% |
| Growth | 2 | weight 15% |
| Consistency | 69 | weight 15% |
Durability: 50 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Varde AS?
The operating margin was 0.3% in 2025, against a median of 5.3% among companies in the Morning class Small in the same sector. Return on assets was 2.3%.
How solid is Varde AS?
The equity ratio was 60.6% in 2025 (median 38.6%). Debt-to-equity was 0.65 (median 1.33).
What is the liquidity of Varde AS like?
The current ratio was 1.72 in 2025 (median 1.42).
How does Varde AS compare in Helse og omsorg?
Varde AS ranks 1,279 of 1,989 in Helse og omsorg for 2025. Among companies in the Morning class Small it is number 202 of 303. Revenue changed by −22.2% from the year before.
From the Central Coordinating Register
- Org. no.
- 918337679
- Legal form
- AS
- Sector
- Helse og omsorg (88.993)
- Morning company class
- Small
- Employees
- 86 registered 10 October 2026
- Founded
- 28 October 1964 62 years in operation
- Share capital
- 0.14 MNOK
- Business address
- Industriveien 9, 6517 KRISTIANSUND N
- Municipality
- Kristiansund rank 17–26 of 27 in KOSTRA group 9
- 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 2 November 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 50 | 55 | 44 | |
| Rank | 936 | 736 | 1,279 | |
| Operating margin | −0.1% | 3.6% | 0.3% | |
| Return on assets | −4.3% | 7.3% | 2.3% | |
| Equity ratio | 39.3% | 39.9% | 60.6% | |
| Current ratio | 3.44 | 3.19 | 1.72 | |
| Revenue growth | – | 11.6% | −22.2% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 52.8 MNOK | 59.0 MNOK | 45.9 MNOK |
| Operating profit | 0.0 MNOK | 2.1 MNOK | 0.1 MNOK |
| Profit before tax | −0.5 MNOK | 1.5 MNOK | 0.1 MNOK |
| Net profit | −0.5 MNOK | 1.5 MNOK | 0.1 MNOK |
| Financial expenses | −0.7 MNOK | 0.8 MNOK | 0.3 MNOK |
| Total assets | 28.8 MNOK | 32.2 MNOK | 16.2 MNOK |
| Current assets | 23.3 MNOK | 25.9 MNOK | 11.0 MNOK |
| Equity | 11.3 MNOK | 12.8 MNOK | 9.8 MNOK |
| Retained earnings | 11.1 MNOK | 12.6 MNOK | 9.7 MNOK |
| Total liabilities | 17.5 MNOK | 19.3 MNOK | 6.4 MNOK |
| Current liabilities | 6.8 MNOK | 8.1 MNOK | 6.4 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 2 November 2026, accounts id 6885360.
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