LETNES ENTREPRENØR AS
Score · fiscal year 2024
57of 100
How to read this: the company is ahead of 65 % of medium-sized companies in the same sector in 2024. What does this mean?
Rank: 11,323 of 31,120 · Bygg og anlegg
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 19 and solidity 87 out of 100 among medium-sized companies in the same sector in 2024. Methodology
Against the sector
LETNES ENTREPRENØR AS is 7 points above the median for medium-sized companies in the same sector in 2024.
Median score 50 among 1,015 companies.
Against medium-sized companies in the same sector in 2024: operating margin 0.5% (median 4.6%) and equity ratio 60.0% (median 30.4%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 190 MNOK | 171 MNOK |
| Operating margin | 0.5% | 4.6% |
| Profit margin | 0.8% | 4.8% |
| Return on assets | 1.9% | 11.1% |
| Equity ratio | 60.0% | 30.4% |
| Debt-to-equity | 0.67 | 2.26 |
| Current ratio | 2.55 | 1.35 |
| Revenue growth | 4.9% | 5.7% |
| Revenue per employee | 2.97 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 57, LETNES ENTREPRENØR AS does better than 65% of medium-sized companies in the same sector (1,015 companies) in 2024.
Score 2023–2025
- LETNES ENTREPRENØR AS
- Median: medium-sized companies in the same sector
What the numbers say
LETNES ENTREPRENØR AS had an operating margin of 0.5% and an equity ratio of 60.0% in 2024, and ranks 11,323 of 31,120 in Bygg og anlegg.
From 2023 to 2024: the operating margin fell from 5.7% to 0.5%.
This text is generated automatically from the 2024 accounts.
Three simple methods
The methods give between 12 MNOK and 71 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 12 MNOK |
| EV/EBIT | 8.0 | debt above value |
| P/B | 1.0 | 71 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 0.5% (median 4.6%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 1.5% 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 2022, the sector's weakest year, for this company.
The sector's weakest year was 2022, with a median operating margin of 2.4%. 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 | 19 | weight 30% |
|---|---|---|
| Solidity | 87 | weight 25% |
| Liquidity | 92 | weight 15% |
| Growth | 48 | weight 15% |
| Consistency | 56 | weight 15% |
Durability: 68 (average over 2 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is LETNES ENTREPRENØR AS?
The operating margin was 0.5% in 2024, against a median of 4.6% among medium-sized companies in the same sector. Return on assets was 1.9%.
How solid is LETNES ENTREPRENØR AS?
The equity ratio was 60.0% in 2024 (median 30.4%). Debt-to-equity was 0.67 (median 2.26).
What is the liquidity of LETNES ENTREPRENØR AS like?
The current ratio was 2.55 in 2024 (median 1.35).
How does LETNES ENTREPRENØR AS compare in Bygg og anlegg?
LETNES ENTREPRENØR AS ranks 11,323 of 31,120 in Bygg og anlegg for 2024. Among companies of the same size (medium-sized companies) it ranks 360 of 1,015. Revenue changed by 4.9% 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.
Public contracts
- Contracts awarded since 2024
- 1
- Total awarded value since 2024
- 87.3 MNOK
| Date | Buyer | Notice | Value |
|---|---|---|---|
| 8 July 2025 | Statens vegvesen | K4 Tromselvbrua og Brekkvasselvbrua med tilstøtende veger | 87.3 MNOK |
| 18 March 2021 | Statens vegvesen | E6 Grong. Parsell Fjerdingen-Grøndalselv | 204.2 MNOK |
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.
- 919605960
- Legal form
- AS · part of a group
- Sector
- Bygg og anlegg (43.120)
- Size tier
- medium
- Employees
- 64 registered 10 October 2026
- Founded
- 11 December 1978 47 years in operation
- Share capital
- 8.50 MNOK
- Business address
- Utøyvegen 760, 7670 INDERØY
- Municipality
- Inderøy rank 9–20 of 40 in KOSTRA group 1
- 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
- David Letnes
- Chair of the board
- Leif Arne Jakobsen
- Board member
- David Letnes
- Board member
- Kirsten Margrete Skjervold Letnes
- Auditor
- BDO AS
- Accountant
- BERG ØKONOMI 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 | 79 | 57 | 58 | |
| Rank | 2,379 | 11,323 | 10,801 | |
| Operating margin | 5.7% | 0.5% | 1.4% | |
| Return on assets | 12.3% | 1.9% | 2.8% | |
| Equity ratio | 63.7% | 60.0% | 59.9% | |
| Current ratio | 1.93 | 2.55 | 2.48 | |
| Revenue growth | – | 4.9% | 9.5% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 181.3 MNOK | 190.1 MNOK | 208.2 MNOK |
| Operating profit | 10.4 MNOK | 1.0 MNOK | 2.9 MNOK |
| Profit before tax | 11.1 MNOK | 1.6 MNOK | 2.9 MNOK |
| Net profit | 8.7 MNOK | 1.2 MNOK | 2.2 MNOK |
| Financial expenses | 0.1 MNOK | 0.7 MNOK | 0.8 MNOK |
| Total assets | 90.8 MNOK | 118.2 MNOK | 128.1 MNOK |
| Current assets | 51.5 MNOK | 83.2 MNOK | 86.7 MNOK |
| Equity | 57.8 MNOK | 71.0 MNOK | 76.8 MNOK |
| Retained earnings | 39.0 MNOK | 43.4 MNOK | 45.7 MNOK |
| Total liabilities | 33.0 MNOK | 47.2 MNOK | 51.3 MNOK |
| Current liabilities | 26.7 MNOK | 32.6 MNOK | 35.0 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 6246129.
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