VATTEN AS
Score · fiscal year 2023
62of 100
How to read this: the company is ahead of 67 % of small companies in the same sector in 2023. What does this mean?
Rank: 6,107 of 18,421 · Bygg og anlegg
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2023, not a verdict on the company. Based on profitability 75 and solidity 51 out of 100 among small companies in the same sector in 2023. Methodology
Against the sector
VATTEN AS is 11 points above the median for small companies in the same sector in 2023.
Median score 51 among 17,547 companies.
Against small companies in the same sector in 2023: operating margin 10.3% (median 4.4%) and equity ratio 36.4% (median 33.7%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 15 MNOK | 6 MNOK |
| Operating margin | 10.3% | 4.4% |
| Profit margin | 9.9% | 4.0% |
| Return on assets | 22.4% | 9.4% |
| Equity ratio | 36.4% | 33.7% |
| Debt-to-equity | 1.75 | 1.62 |
| Current ratio | 1.58 | 1.44 |
| Revenue growth | – | 5.0% |
| Revenue per employee | 1.01 MNOK | 1.41 MNOK |
The median and “ahead of” refer to small companies in the same sector in 2023. The bar shows the share of companies the figure is ahead of.
With an index of 62, VATTEN AS does better than 67% of small companies in the same sector (17,550 companies) in 2023.
Score 2023–2025
- VATTEN AS
- Median: small companies in the same sector
What the numbers say
VATTEN AS had an operating margin of 10.3% and an equity ratio of 36.4% in 2023, and ranks 6,107 of 18,421 in Bygg og anlegg.
This text is generated automatically from the 2023 accounts.
Three simple methods
The methods give between 3 MNOK and 14 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 12 MNOK |
| EV/EBIT | 8.0 | 14 MNOK |
| P/B | 1.0 | 3 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
No rules were triggered for this year.
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 1.6% of the debt in 2023. The policy rate averaged 3.54 % 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 | 75 | weight 30% |
|---|---|---|
| Solidity | 51 | weight 25% |
| Liquidity | 57 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 58 | weight 15% |
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is VATTEN AS?
The operating margin was 10.3% in 2023, against a median of 4.4% among small companies in the same sector. Return on assets was 22.4%.
How solid is VATTEN AS?
The equity ratio was 36.4% in 2023 (median 33.7%). Debt-to-equity was 1.75 (median 1.62).
What is the liquidity of VATTEN AS like?
The current ratio was 1.58 in 2023 (median 1.44).
How does VATTEN AS compare in Bygg og anlegg?
VATTEN AS ranks 6,107 of 18,421 in Bygg og anlegg for 2023. Among companies of the same size (small companies) it ranks 5,840 of 17,550.
From the Central Coordinating Register
- Org. no.
- 919146176
- Legal form
- AS
- Sector
- Bygg og anlegg (43.221)
- Size tier
- small
- Employees
- 15 registered 10 September 2026
- Founded
- 7 May 2017 9 years in operation
- Share capital
- 0.20 MNOK
- Business address
- Spelhaugen 12, 5147 FYLLINGSDALEN (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
- Ronny Fredriksen
- Chair of the board
- Morten Lamheller Kversøy
- Board member
- Ronny Fredriksen
- Board member
- Kristian Aulie Mørk
- Board member
- Petter Riise Boska
- Auditor
- MARION DEGERSTRØM
- Accountant
- ØKONOMIHUSET 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 | 62 | 66 | 48 | |
| Rank | 6,107 | 4,023 | 11,333 | |
| Operating margin | 10.3% | 11.3% | 7.3% | |
| Return on assets | 22.4% | 27.6% | 12.4% | |
| Equity ratio | 36.4% | 34.9% | 23.9% | |
| Current ratio | 1.58 | 1.73 | 1.35 | |
| Revenue growth | – | 44.0% | −2.8% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 15.2 MNOK | 21.9 MNOK | 21.3 MNOK |
| Operating profit | 1.6 MNOK | 2.5 MNOK | 1.5 MNOK |
| Profit before tax | 1.5 MNOK | 2.4 MNOK | 1.4 MNOK |
| Net profit | 1.2 MNOK | 1.9 MNOK | 1.0 MNOK |
| Financial expenses | 0.1 MNOK | 0.1 MNOK | 0.2 MNOK |
| Total assets | 7.0 MNOK | 9.3 MNOK | 12.9 MNOK |
| Current assets | 5.9 MNOK | 7.3 MNOK | 8.6 MNOK |
| Equity | 2.6 MNOK | 3.2 MNOK | 3.1 MNOK |
| Retained earnings | 2.4 MNOK | 3.0 MNOK | 2.9 MNOK |
| Total liabilities | 4.5 MNOK | 6.0 MNOK | 9.8 MNOK |
| Current liabilities | 3.7 MNOK | 4.2 MNOK | 6.3 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 5274877.
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