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Brødrene Alseth A/S

Org. no. 919908254 · TINN · Founded 1980 · 50 employees

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Score · fiscal year 2025

70of 100

How to read this: the company is ahead of 87 % of companies in the Morning class Medium in the same sector in 2025. What does this mean?

Rank in the Morning class Medium: 236 of 1,765 · What are Morning company classes?
Place in the whole sector: 3,021 of 20,428 · Bygg og anlegg

Profile

Lion · Leader

High profitability, high solidity

Position against comparable companies in 2025, not a verdict on the company. Based on profitability 66 and solidity 79 out of 100 among companies in the Morning class Medium in the same sector in 2025. Methodology

Against the sector

Brødrene Alseth A/S is 20 points above the median for companies in the Morning class Medium in the same sector in 2025.

Median score 50 among 1,764 companies.

Against companies in the Morning class Medium in the same sector in 2025: operating margin 8.3% (median 4.5%) and equity ratio 44.9% (median 30.4%).

Source: Register of Company Accounts and Central Coordinating RegisterFetched 26 October 2026Report an issue
Key figures · 2025

The numbers behind the score

The numbers behind the score · 2025
MeasureCompanyMedianAhead of
Operating revenue159 MNOK91 MNOK
Operating margin 8.3% 4.5% 74 %
Profit margin 8.2% 4.5% shown, not part of the index
Return on assets 14.7% 11.4% 59 %
Equity ratio 44.9% 30.4% 79 %
Debt-to-equity 1.23 2.23 79 %
Current ratio 1.87 1.38 81 %
Revenue growth 6.0% 6.8% 48 %
Revenue per employee3.19 MNOK2.53 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 70, Brødrene Alseth A/S does better than 87% of companies in the Morning class Medium in the same sector (1,765 companies) in 2025.

Over time

Score 2023–2025

CompanyMedian0255075100202320242025
  • Brødrene Alseth A/S
  • Median: companies in the Morning class Medium in the same sector
Summary analysis

Brødrene Alseth A/S has a score of 70 for 2025, rank 3,021 of 20,428 in the sector.

Strongest: Liquidity: percentile 81 against peers, current ratio 1.87 against a median of 1.38. Solidity: percentile 79 against peers, equity ratio 44.9% against a median of 30.4%.

No area is clearly below its peers.

Written by fixed rules from the figures. Describes the figures, does not explain causes. Not investment or financial advice. How the summary is made

Analysis · 2025

What the numbers say

Brødrene Alseth A/S had an operating margin of 8.3% and an equity ratio of 44.9% in 2025, and ranks 3,021 of 20,428 in Bygg og anlegg.

From 2024 to 2025: the equity ratio rose from 36.3% to 44.9%.

This text is generated automatically from the 2025 accounts.

Estimated value · 2025

Three simple methods

The methods give between 43 MNOK and 116 MNOK.

MethodInputMultipleEstimate
P/E Net profit: 10.2 MNOK 10.0 102 MNOK
EV/EBIT Operating profit: 13.2 MNOK
minus net debt −10.9 MNOK		 8.0 116 MNOK
P/B Equity: 43.4 MNOK 1.0 43 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

Indications · 2025

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 2.0% 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.

Stress test · 2021

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

Components · 2025

What the score is made of

Profitability66 weight 30%
Solidity79 weight 25%
Liquidity81 weight 15%
Growth48 weight 15%
Consistency70 weight 15%

Durability: 68 (average over 3 years)

Index version 2. Data completeness 100%: the share of the weights that had data.

2025

Questions and answers

How profitable is Brødrene Alseth A/S?

The operating margin was 8.3% in 2025, against a median of 4.5% among companies in the Morning class Medium in the same sector. Return on assets was 14.7%.

How solid is Brødrene Alseth A/S?

The equity ratio was 44.9% in 2025 (median 30.4%). Debt-to-equity was 1.23 (median 2.23).

What is the liquidity of Brødrene Alseth A/S like?

The current ratio was 1.87 in 2025 (median 1.38).

How does Brødrene Alseth A/S compare in Bygg og anlegg?

Brødrene Alseth A/S ranks 3,021 of 20,428 in Bygg og anlegg for 2025. Among companies in the Morning class Medium it is number 236 of 1,765. Revenue changed by 6.0% from the year before.

Public contracts

Contracts awarded since 2024
1
Total awarded value since 2024
0.0 MNOK
DateBuyerNotice ValueCPV
28 November 2025 Tinn kommune Sanering Ingolfsland-området (T6), entreprise 5 0.0 MNOK 45000000
23 March 2020 Kongsberg Kommune Lafteråsen Høydebasseng E01, Grunn, Veg- og VA arbeider value not stated 45000000

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.
919908254
Legal form
AS
Sector
Bygg og anlegg (43.120)
Morning company class
Medium
Employees
50 registered 10 September 2026
Founded
2 January 1980 46 years in operation
Share capital
1.50 MNOK
Business address
Atråvegen 568, 3656 ATRÅ (TINN)
Municipality
Tinn rank 11–20 of 28 in KOSTRA group 6
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
Asbjørn Alseth
Chair of the board
Johannes Alseth
Board member
Asbjørn Alseth
Board member
Birgit Alseth
Board member
Torbjørn Brekka
Board member
Liv Marit Alseth
Auditor
REVISORTEAM TINN OG VEST-TELEMARK 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.

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Figures last fetched 26 October 2026.

Details

Year by year · 2023–2025

Key figure202320242025Trend
Index746070
Rank2,7136,0353,021
Operating margin12.8%8.1%8.3%
Return on assets26.5%14.4%14.7%
Equity ratio35.5%36.3%44.9%
Current ratio1.661.971.87
Revenue growth–−11.9%6.0%

Accounts

From the Brønnøysund Register Centre, in the company's reporting currency (NOK).

Key figure202320242025
Operating revenue170.7 MNOK150.4 MNOK159.4 MNOK
Operating profit21.8 MNOK12.2 MNOK13.2 MNOK
Profit before tax22.0 MNOK12.2 MNOK13.1 MNOK
Net profit17.1 MNOK9.5 MNOK10.2 MNOK
Financial expenses0.6 MNOK1.0 MNOK1.1 MNOK
Total assets85.1 MNOK91.5 MNOK96.6 MNOK
Current assets66.7 MNOK59.9 MNOK50.8 MNOK
Equity30.3 MNOK33.2 MNOK43.4 MNOK
Retained earnings24.5 MNOK27.5 MNOK37.7 MNOK
Total liabilities54.9 MNOK58.2 MNOK53.2 MNOK
Current liabilities40.3 MNOK30.4 MNOK27.2 MNOK

Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 6382829.

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