Bitastad AS
Not financial advice. The index, rank, signals and advice are rule-based indications from the latest filed annual accounts. They are not a credit rating, an assessment of management or a recommendation to buy, sell or do business with the company. Read more
Score · fiscal year 2025
46of 100
How to read this: the company is ahead of 38 % of companies in the Morning class Medium in the same sector in 2025. What does this mean?
Rank in the Morning class Medium: 206 of 329 · What are Morning company classes?
Place in the whole sector: 3,821 of 6,735 · Overnatting og servering
Profile
Elephant · Steward
Lower profitability, high resilience
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 24 and resilience 74 out of 100 among companies in the Morning class Medium in the same sector in 2025. Methodology
Against the sector
Bitastad AS is 5 points below the median for companies in the Morning class Medium in the same sector in 2025.
Median score 51 among 329 companies.
Against companies in the Morning class Medium in the same sector in 2025: operating margin −36.4% (median 4.6%) and equity ratio 65.1% (median 23.9%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 54 MNOK | 88 MNOK |
| Operating margin | −36.4% | 4.6% |
| Profit margin | 24.6% | 4.5% |
| Return on assets | 13.9% | 14.6% |
| Equity ratio | 65.1% | 23.9% |
| Debt-to-equity | 0.54 | 2.97 |
| Current ratio | 0.54 | 0.98 |
| Revenue growth | 18.2% | 6.8% |
| Revenue per employee | 2.45 MNOK | 1.00 MNOK |
The median and “ahead of” refer to companies in the Morning class Medium in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 46, Bitastad AS does better than 38% of companies in the Morning class Medium in the same sector (329 companies) in 2025.
Score 2023–2025
- Bitastad AS
- Median: companies in the Morning class Medium in the same sector
Bitastad AS has a score of 46 for 2025, rank 3,821 of 6,735 in the sector.
Strongest: Solidity: percentile 97 against peers, equity ratio 65.1% against a median of 23.9%.
Weakest: Liquidity: percentile 16 against peers, current ratio 0.54 against a median of 0.98. Profitability: percentile 24 against peers, operating margin −36.4% against a median of 4.6%.
Worth a closer look
- Consider strengthening liquidity: current liabilities are 1.8 times current assets. Based on: current ratio 0.54 (median 0.98).
- The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors? Based on: operating margin −36.4% (median 4.6%).
- What lies behind weak profitability, and will it last?
- The change in operating margin in 2025 was 15.8 percentage points weaker than for comparable companies: the company −16.1, the industry −0.3 points. That is the company's own, not something that hit the whole industry.
Written by fixed rules from the figures. Describes the figures, does not explain causes. Not investment or financial advice. How the summary is made
The industry or the company: what drove the result?
In 2025 the operating margin of Bitastad AS fell by 16.1 percentage points. Comparable companies fell by a median 0.3 points. So the company did 15.8 points weaker than the industry, for reasons of its own.
Over 2 year-to-year changes Bitastad AS moved the same way as comparable companies 1 times. About 6% of the changes in operating margin were common to the industry; the rest was the company's own.
| Year | The company | Comparable (median) | Change, company | Change, industry | The company's own |
|---|---|---|---|---|---|
| 2024 | −20.4% | 4.9% | −15.9 percentage points | +1.8 percentage points | −17.6 percentage points |
| 2025 | −36.4% | 4.6% | −16.1 percentage points | −0.3 percentage points | −15.8 percentage points |
Comparable companies are those in the same industry and Morning company class. Their change shows what hit the whole industry, the sector drivers below included. The rest is the company's own: contracts, costs, one-off items or operations. The share is approximate, and we claim no cause.
The company and its sector's drivers
Prices, rate and currency that shape the sector's year, year by year beside the operating margin of Bitastad AS. The figures stand side by side; we claim no cause.
Service prices: accommodation and food (indeks (2021 = 100))
Service prices: accommodation and food rose 3.6% in 2025; the operating margin of Bitastad AS fell 16.1 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Service prices: accommodation and food, annual average | 100.0 | 107.9 | 114.0 | 118.8 | 123.1 | 126.9 (so far) |
| Change from the year before | – | +7.9% | +5.7% | +4.1% | +3.6% | +3.1% |
| The company's operating margin | – | – | −4.5% | −20.4% | −36.4% | – |
Source: SSB (14335, CC BY 4.0). Source
Turnover index: accommodation and food service (indeks (2021 = 100))
Turnover index: accommodation and food service rose 2.3% in 2025; the operating margin of Bitastad AS fell 16.1 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Turnover index: accommodation and food service, annual average | 97.0 | 139.7 | 153.5 | 157.8 | 161.5 | 170.4 (so far) |
| Change from the year before | +23.4% | +44.1% | +9.9% | +2.8% | +2.3% | +5.5% |
| The company's operating margin | – | – | −4.5% | −20.4% | −36.4% | – |
Source: SSB (13863, CC BY 4.0). Source
Consumer price index (indeks (2025 = 100))
Consumer price index rose 3.0% in 2025; the operating margin of Bitastad AS fell 16.1 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Consumer price index, annual average | 84.3 | 89.2 | 94.1 | 97.0 | 100.0 | 102.9 (so far) |
| Change from the year before | +3.5% | +5.8% | +5.5% | +3.2% | +3.0% | +2.9% |
| The company's operating margin | – | – | −4.5% | −20.4% | −36.4% | – |
Source: SSB (14710, CC BY 4.0). Source
EUR/NOK (kr)
EUR/NOK rose 0.8% in 2025; the operating margin of Bitastad AS fell 16.1 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| EUR/NOK, annual average | 10.16 | 10.10 | 11.42 | 11.62 | 11.72 | 11.04 (so far) |
| Change from the year before | −5.2% | −0.6% | +13.1% | +1.8% | +0.8% | −5.8% |
| The company's operating margin | – | – | −4.5% | −20.4% | −36.4% | – |
Source: Norges Bank (EXR, NLOD 2.0). Source
Policy rate (prosent)
Policy rate fell 0.20 percentage points in 2025; the operating margin of Bitastad AS fell 16.1 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Policy rate, annual average | 0.08 | 1.32 | 3.54 | 4.50 | 4.30 | 4.17 (so far) |
| Change from the year before | −0.28 percentage points | +1.24 percentage points | +2.22 percentage points | +0.96 percentage points | −0.20 percentage points | −0.12 percentage points |
| The company's operating margin | – | – | −4.5% | −20.4% | −36.4% | – |
Source: Norges Bank (IR, NLOD 2.0). Source
Wage index: food and beverage service (indeks)
Wage index: food and beverage service rose 6.5% in 2025; the operating margin of Bitastad AS fell 16.1 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Wage index: food and beverage service, annual average | 88.0 | 91.3 | 96.4 | 101.5 | 108.1 | 110.6 (so far) |
| Change from the year before | +3.5% | +3.8% | +5.6% | +5.4% | +6.5% | +2.3% |
| The company's operating margin | – | – | −4.5% | −20.4% | −36.4% | – |
Source: SSB (12314, CC BY 4.0). Source
We show the drivers and the margin side by side and claim no cause. Sensitivity per company is not computed until we have at least 10 years of accounts per company: with three years such figures are false precision.
What the numbers say
Bitastad AS had an operating margin of −36.4% and an equity ratio of 65.1% in 2025, and ranks 3,821 of 6,735 in Overnatting og servering.
From 2024 to 2025: the operating margin fell from −20.4% to −36.4% and revenue grew by 18%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 359 MNOK and 801 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 19.8 | 359 MNOK |
| EV/EBIT | 16.2 | not meaningful |
| P/B | 3.3 | 801 MNOK |
The listed basis is the value at listed multiples. The estimate is lowered for size: a small-company premium of 2% on the cost of equity gives a value 24% lower. No separate marketability discount is applied, because the premium already allows for the company being small and unlisted.
The multiples are from the listed industry that matches the NACE code (56): Restaurant/Dining.
Not financial advice. The value range is a rough model estimate from listed-company multiples, not a valuation, a price target or a price offer. The actual value may differ greatly. Read more
A mechanical estimate from public accounts, not advice. A mechanical estimate from public accounts with listed multiples and fixed adjustments. Not a valuation and not advice to buy or sell. See the calculation
Worth a closer look
- watch
Consider strengthening liquidity: current liabilities are 1.8 times current assets.
Based on: Current ratio 0.54 (median 0.98).
- 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 −36.4% (median 4.6%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 31.9% 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 2022, the sector's weakest year, for this company.
The sector's weakest year was 2022, 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 | 24 | weight 40% |
|---|---|---|
| Solidity | 97 | weight 20% |
| Liquidity | 16 | weight 5% |
| Growth | 42 | weight 25% |
| Consistency | 56 | weight 10% |
Three goals: profitability 40%, growth 25%, resilience 35%. Why these weights?
Durability: 46 (average over 3 years)
Index version 3. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Bitastad AS?
The operating margin was −36.4% in 2025, against a median of 4.6% among companies in the Morning class Medium in the same sector. Return on assets was 13.9%.
How solid is Bitastad AS?
The equity ratio was 65.1% in 2025 (median 23.9%). Debt-to-equity was 0.54 (median 2.97).
What is the liquidity of Bitastad AS like?
The current ratio was 0.54 in 2025 (median 0.98). Current assets did not cover current liabilities.
How does Bitastad AS compare in Overnatting og servering?
Bitastad AS ranks 3,821 of 6,735 in Overnatting og servering for 2025. Among companies in the Morning class Medium it is number 206 of 329. Revenue changed by 18.2% from the year before.
Group structure · 2025
96 companies in the group according to the shareholder register for 2025. A company counts as a subsidiary when a Norwegian company owns more than half of its shares.
No owner holds more than half of the shares in Salvesen & Thams Invest AS.
Salvesen & Thams Invest AS has not filed group accounts in open data, so the group has no index of its own. Each company has its own accounts.
The group in figures
- Sectors
- Industri (10 companies), Handel (7 companies), Overnatting og servering (30 companies), Bygg og anlegg (3 companies), Forretningsmessig tjenesteyting (4 companies), Eiendom (13 companies) and 2 more 69 of 96 companies in the tree have accounts with us. Sectors are sorted by the companies' own revenue, which includes sales between the group's companies.
- Employees in Norway
- 1,011 in all. Trondheim 218, Oslo 192, Midtre Gauldal 109, Røros 87, Steinkjer 64, Levanger 58 and 15 more municipalities Registered employees in the Central Coordinating Register, by the municipality of the business address. Employees may work elsewhere.
- Negative equity
- 4 companies: Sotbar AS, Jordbærpikene Narvik AS, Kompis Lillo Gård AS, Jordbærpikene Madla AS
- Loss
- 44 companies: Vitux AS, B&B Entreprenør AS, Mylna Sport AS, Nortrafo Production AS, Duun Industrier AS, Jordbærpikene Drift AS …
- Changed 2024–2025
- 8 companies joined the group, among them: Sabrura Markveien AS, Sabrura Triaden AS, Jordbærpikene Buskerud AS, Agendi AS, Duun-Smia AS, Duun Industrier AS. 4 companies left: Vaskehjelp AS, Sabrura Futura AS, Sabrura Ski AS, Digital Markedsplass AS.
A subsidiary with negative equity or a loss may be backed by the group, for example with group contributions or guarantees. It is an indication of what is worth asking about, not an assessment.
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Salvesen & Thams Invest AS
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Bitastad Holding AS
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Bitastad AS you are here
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- Orkla Herd AS
- Orkland Brikett AS
- Wiski Capital AS
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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.
Source: the Norwegian Tax Administration's shareholder register 2025 (majority owner with more than 50 % of the shares). Voting agreements and ownership through other countries are not included.
From the Central Coordinating Register
- Org. no.
- 919357436
- Legal form
- AS
- Sector
- Overnatting og servering (56.110)
- Morning company class
- Medium
- Employees
- 22 registered 10 September 2026
- Founded
- 6 July 2017 9 years in operation
- Share capital
- 21.80 MNOK
- Business address
- Olav Tryggvasons gate 40, 7011 TRONDHEIM
- Municipality
- Trondheim rank 3 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
Loading roles …
Source: Central Coordinating Register, fetched 31 October 2026. Only names are shown.
Shareholders (2025)
- Number of shareholders
- 1 (one owner)
- Largest owner
- 100.0%
- Split
- companies 100% · private persons 0% · foreign 0%
- Owned from the same municipality
- 100%
- Group chain
-
Owned by: Bitastad Holding AS (100%)
Ultimate owner: SALVESEN & Thams Invest AS
The owner: the majority owner Bitastad Holding AS (holds 100%) made a loss in 2025. A weak parent can affect the subsidiary through group contributions, loans and guarantees. It is an indication to watch, not an assessment of the company.
- Bitastad Holding AS · 100.0%
The company is new in the shareholder register in 2025.
Majority owner of: Sbno AS (100%), Sanoi Drift AS (100%), Markadi AS (100%), Matmegleren AS (100%), Sabrura Drift AS (100%), Kompis Norge AS (100%), Jpn AS (100%), Innredning AS (100%)
The portfolio: 10 of the companies it owns shares in have accounts with us, 9 of them as majority owner. The average index is 39. 0 have negative equity and 5 made a loss in the latest year.
Holds shares in: Jpn AS (100%), Kompis Norge AS (100%), Ast Regnskap AS (94%), Bbno AS (50%), Matmegleren AS (100%), Sabrura Drift AS (100%), Innredning AS (100%), Sbno AS (100%)
Source: the Norwegian Tax Administration's shareholder register as of 2025. Figures may be older than today's ownership. Private persons are not shown by name.
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.
Is this your company? Suggest changes or add information
Figures last fetched 5 November 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 55 | 37 | 46 | |
| Rank | 2,478 | 4,406 | 3,821 | |
| Operating margin | −4.5% | −20.4% | −36.4% | |
| Return on assets | 13.6% | 15.8% | 13.9% | |
| Equity ratio | 57.3% | 58.9% | 65.1% | |
| Current ratio | 0.67 | 0.66 | 0.54 | |
| Revenue growth | – | −34.1% | 18.2% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 69.3 MNOK | 45.6 MNOK | 53.9 MNOK |
| Operating profit | −3.1 MNOK | −9.3 MNOK | −19.7 MNOK |
| Profit before tax | 52.4 MNOK | 42.4 MNOK | 13.3 MNOK |
| Tax expense | 11.5 MNOK | 14.4 MNOK | 10.7 MNOK |
| Net profit | 40.9 MNOK | 27.9 MNOK | 2.6 MNOK |
| Financial expenses | 19.2 MNOK | 43.0 MNOK | 54.5 MNOK |
| Total assets | 525.9 MNOK | 540.1 MNOK | 489.6 MNOK |
| Current assets | 150.6 MNOK | 145.5 MNOK | 92.9 MNOK |
| Equity | 301.2 MNOK | 318.3 MNOK | 318.6 MNOK |
| Retained earnings | 80.9 MNOK | 98.0 MNOK | 98.3 MNOK |
| Total liabilities | 224.7 MNOK | 221.8 MNOK | 171.1 MNOK |
| Current liabilities | 224.7 MNOK | 221.8 MNOK | 171.1 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 5 November 2026, accounts id 7188931.
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