FUNCTION AS
Score · fiscal year 2024
39of 100
How to read this: the company is ahead of 27 % of medium-sized companies in the same sector in 2024. What does this mean?
Rank: 26,176 of 37,175 · Handel
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 26 and solidity 31 out of 100 among medium-sized companies in the same sector in 2024. Methodology
Against the sector
FUNCTION AS is 11 points below the median for medium-sized companies in the same sector in 2024.
Median score 50 among 2,059 companies.
Against medium-sized companies in the same sector in 2024: operating margin 1.4% (median 3.2%) and equity ratio 22.3% (median 32.6%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 521 MNOK | 171 MNOK |
| Operating margin | 1.4% | 3.2% |
| Profit margin | 0.5% | 3.1% |
| Return on assets | 4.4% | 11.1% |
| Equity ratio | 22.3% | 32.6% |
| Debt-to-equity | 3.49 | 2.01 |
| Current ratio | 1.11 | 1.38 |
| Revenue growth | 26.3% | 5.2% |
| Revenue per employee | 5.11 MNOK | 6.29 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 39, FUNCTION AS does better than 27% of medium-sized companies in the same sector (2,059 companies) in 2024.
Score 2023–2025
- FUNCTION AS
- Median: medium-sized companies in the same sector
What the numbers say
FUNCTION AS had an operating margin of 1.4% and an equity ratio of 22.3% in 2024, and ranks 26,176 of 37,175 in Handel.
From 2023 to 2024: revenue grew by 26% and the operating margin fell from 5.8% to 1.4%.
This text is generated automatically from the 2024 accounts.
Three simple methods
The methods give between 22 MNOK and 96 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 22 MNOK |
| EV/EBIT | 8.0 | debt above value |
| P/B | 1.0 | 96 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
Strong growth with weak liquidity. Is the growth financed, or does it tie up capital the company does not have?
Based on: Revenue growth 26.3% (median 5.2%); Current ratio 1.11 (median 1.38).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 4.9% 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 2017, the sector's weakest year, for this company.
The sector's weakest year was 2017, with a median operating margin of −65.6%. Based on the 11 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 | 31 | weight 25% |
| Liquidity | 26 | weight 15% |
| Growth | 86 | weight 15% |
| Consistency | 42 | weight 15% |
Durability: 48 (average over 2 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is FUNCTION AS?
The operating margin was 1.4% in 2024, against a median of 3.2% among medium-sized companies in the same sector. Return on assets was 4.4%.
How solid is FUNCTION AS?
The equity ratio was 22.3% in 2024 (median 32.6%). Debt-to-equity was 3.49 (median 2.01).
What is the liquidity of FUNCTION AS like?
The current ratio was 1.11 in 2024 (median 1.38).
How does FUNCTION AS compare in Handel?
FUNCTION AS ranks 26,176 of 37,175 in Handel for 2024. Among companies of the same size (medium-sized companies) it ranks 1,503 of 2,059. Revenue changed by 26.3% from the year before.
Public contracts
- Contracts awarded since 2024
- 1
- Total awarded value since 2024
- value not stated
- Framework agreements
- 1
- Left out of the total: the value is a ceiling, not actual spend.
| Date | Buyer | Notice | Value |
|---|---|---|---|
| 27 August 2026 | Oslo kommune v/ Bymiljøetaten | 129-BYM-2025 Rammeavtale for utendørs belysnings armaturer og hardware for styringssystemer | 65.0 MNOK (framework) |
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.
- 919327901
- Legal form
- AS
- Sector
- Handel (46.640)
- Size tier
- medium
- Employees
- 102 registered 10 September 2026
- Founded
- 26 August 1969 57 years in operation
- Share capital
- 6.00 MNOK
- Business address
- Jørgen Kanitz' gate 28, 1337 SANDVIKA (BÆRUM)
- Municipality
- Bærum rank 1 of 11 in KOSTRA group 12
- Latest accounts filed
- 2025
- Website
- www.function.no
- LEI
- 5493000F3S1VTB34ZJ20 renews 18 December 2026
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
- Kjetil Kaldestad
- Chair of the board
- Kjetil Kaldestad
- Board member
- Andreas Prøven Bogsrud
- Auditor
- PRICEWATERHOUSECOOPERS AS
Source: Central Coordinating Register, fetched 29 October 2026. Only names are shown.
- Parent company
- Parent not reported
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 29 October 2026. The parent is the one the company itself reported to GLEIF.
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 | 57 | 39 | 21 | |
| Rank | 13,420 | 26,176 | 34,262 | |
| Operating margin | 5.8% | 1.4% | −2.9% | |
| Return on assets | 9.7% | 4.4% | 3.5% | |
| Equity ratio | 29.8% | 22.3% | 19.1% | |
| Current ratio | 1.72 | 1.11 | 1.04 | |
| Revenue growth | – | 26.3% | 0.0% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 412.9 MNOK | 521.3 MNOK | 521.5 MNOK |
| Operating profit | 24.1 MNOK | 7.1 MNOK | −14.9 MNOK |
| Profit before tax | 20.6 MNOK | 2.6 MNOK | −19.5 MNOK |
| Net profit | 14.7 MNOK | 2.2 MNOK | −20.2 MNOK |
| Financial expenses | 11.1 MNOK | 16.4 MNOK | 33.7 MNOK |
| Total assets | 325.3 MNOK | 430.9 MNOK | 406.0 MNOK |
| Current assets | 168.7 MNOK | 227.4 MNOK | 206.0 MNOK |
| Equity | 97.0 MNOK | 96.0 MNOK | 77.6 MNOK |
| Retained earnings | 91.0 MNOK | 90.0 MNOK | 71.6 MNOK |
| Total liabilities | 228.3 MNOK | 334.9 MNOK | 328.4 MNOK |
| Current liabilities | 98.3 MNOK | 204.4 MNOK | 198.0 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 6095401.
Further
Similar companies
- TORE NYGARD AS index 39, rank 26,154 · compare
- TELEFRUKT AS index 39, rank 26,171 · compare
- SMART RETUR HOLDCO AS index 39, rank 26,178 · compare
- GRÜNENTHAL NORWAY AS index 39, rank 26,182 · compare
- BERGLY MAT RÅHOLT AS index 38, rank 26,186 · compare