STRAND AS
Score · fiscal year 2024
22of 100
How to read this: the company is ahead of 6 % of medium-sized companies in the same sector in 2024. What does this mean?
Rank: 17,367 of 19,490 · Bygg og anlegg
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 3 and solidity 43 out of 100 among medium-sized companies in the same sector in 2024. Methodology
Against the sector
STRAND AS is 28 points below the median for medium-sized companies in the same sector in 2024.
Median score 50 among 865 companies.
Against medium-sized companies in the same sector in 2024: operating margin −9.9% (median 4.6%) and equity ratio 25.6% (median 28.3%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 231 MNOK | 175 MNOK |
| Operating margin | −9.9% | 4.6% |
| Profit margin | −10.0% | 4.8% |
| Return on assets | −15.2% | 11.9% |
| Equity ratio | 25.6% | 28.3% |
| Debt-to-equity | 2.91 | 2.51 |
| Current ratio | 1.27 | 1.35 |
| Revenue growth | −15.4% | 5.8% |
| Revenue per employee | 2.33 MNOK | 2.96 MNOK |
The median and “ahead of” refer to medium-sized companies in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
With an index of 22, STRAND AS does better than 6% of medium-sized companies in the same sector (865 companies) in 2024.
Score 2023–2025
- STRAND AS
- Median: medium-sized companies in the same sector
What the numbers say
STRAND AS had an operating margin of −9.9% and an equity ratio of 25.6% in 2024, and ranks 17,367 of 19,490 in Bygg og anlegg.
From 2023 to 2024: the operating margin fell from −5.2% to −9.9% and revenue fell by 15%.
This text is generated automatically from the 2024 accounts.
Three simple methods
One method gives a figure: 39 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 39 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 −10.0% (median 4.8%).
- 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 −9.9% (median 4.6%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 0.0% 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.
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 | 3 | weight 30% |
|---|---|---|
| Solidity | 43 | weight 25% |
| Liquidity | 39 | weight 15% |
| Growth | 16 | weight 15% |
| Consistency | 12 | weight 15% |
Durability: 24 (average over 2 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is STRAND AS?
The operating margin was −9.9% in 2024, against a median of 4.6% among medium-sized companies in the same sector. Return on assets was −15.2%. The company made a loss before tax.
How solid is STRAND AS?
The equity ratio was 25.6% in 2024 (median 28.3%). Debt-to-equity was 2.91 (median 2.51).
What is the liquidity of STRAND AS like?
The current ratio was 1.27 in 2024 (median 1.35).
How does STRAND AS compare in Bygg og anlegg?
STRAND AS ranks 17,367 of 19,490 in Bygg og anlegg for 2024. Among companies of the same size (medium-sized companies) it ranks 810 of 865. Revenue changed by −15.4% from the year before.
Group accounts
The company is registered as part of a group, but we have no group accounts for it. Group accounts are filed by the parent company, and open data does not say which company that is.
Read the figures with care: a company in a group can look strong because of group contributions, or weak because dividends go up to the parent. The figures are indications, not the full picture.
We do not show the group structure, because open data does not say who owns whom.
From the Central Coordinating Register
- Org. no.
- 918442146
- Legal form
- AS · part of a group
- Sector
- Bygg og anlegg (41.000)
- Size tier
- medium
- Employees
- 99 registered 10 October 2026
- Founded
- 30 June 1972 54 years in operation
- Share capital
- 10.00 MNOK
- Business address
- Kokstadflaten 29, 5257 KOKSTAD (BERGEN)
- Municipality
- Bergen rank 8 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
- Vidar Andre Korneliussen
- Chair of the board
- Dag Magne Vedvik
- Board member
- Svein Fløysand
- Board member
- Martin Kronheim
- Board member
- Sigrun Fossøy Håheim
- Board member
- Mette Kronheim
- Auditor
- KPMG 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 | 27 | 22 | 54 | |
| Rank | 14,928 | 17,367 | 8,926 | |
| Operating margin | −5.2% | −9.9% | 0.3% | |
| Return on assets | −8.2% | −15.2% | 1.3% | |
| Equity ratio | 27.2% | 25.6% | 41.5% | |
| Current ratio | 1.35 | 1.27 | 1.64 | |
| Revenue growth | – | −15.4% | 60.3% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 272.9 MNOK | 230.9 MNOK | 370.0 MNOK |
| Operating profit | −14.2 MNOK | −22.9 MNOK | 1.1 MNOK |
| Profit before tax | −14.2 MNOK | −23.1 MNOK | 1.1 MNOK |
| Net profit | −11.1 MNOK | −18.1 MNOK | 0.8 MNOK |
| Financial expenses | 0.0 MNOK | 0.1 MNOK | 0.5 MNOK |
| Total assets | 172.3 MNOK | 151.5 MNOK | 115.8 MNOK |
| Current assets | 169.0 MNOK | 142.7 MNOK | 108.8 MNOK |
| Equity | 46.8 MNOK | 38.8 MNOK | 48.0 MNOK |
| Retained earnings | −35.0 MNOK | −53.1 MNOK | 0.0 MNOK |
| Total liabilities | 125.5 MNOK | 112.7 MNOK | 67.8 MNOK |
| Current liabilities | 125.5 MNOK | 112.1 MNOK | 66.3 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 6208879.
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