THORSTEIN LUND HOLDING AS
Score · fiscal year 2025
45of 100
How to read this: the company is ahead of 40 % of small companies in the same sector in 2025. What does this mean?
Rank: 19,729 of 32,581 · Bygg og anlegg
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 32 and solidity 92 out of 100 among small companies in the same sector in 2025. Methodology
Against the sector
THORSTEIN LUND HOLDING AS is 5 points below the median for small companies in the same sector in 2025.
Median score 50 among 31,471 companies.
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating margin | – | 3.7% |
| Profit margin | – | 3.4% |
| Return on assets | −0.7% | 5.7% |
| Equity ratio | 95.6% | 36.5% |
| Debt-to-equity | 0.05 | 1.20 |
| Current ratio | 0.02 | 1.45 |
| Revenue growth | – | 3.0% |
The median and “ahead of” refer to small companies in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 45, THORSTEIN LUND HOLDING AS does better than 40% of small companies in the same sector (31,719 companies) in 2025.
Score 2023–2025
- THORSTEIN LUND HOLDING AS
- Median: small companies in the same sector
THORSTEIN LUND HOLDING AS has a score of 45 for 2025, rank 19,729 of 32,581 in the sector.
Strongest: Solidity: percentile 92 against peers, equity ratio 95.6% against a median of 36.5%.
Weakest: Liquidity: percentile 3 against peers, current ratio 0.02 against a median of 1.45. Profitability: percentile 32 against peers.
Worth a closer look
- Consider strengthening liquidity: current liabilities are 42.1 times current assets. Based on: current ratio 0.02 (median 1.45).
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin – (median 3.4%).
- What lies behind weak profitability, and will it last?
Written by fixed rules from the figures. Describes the figures, does not explain causes. Not investment or financial advice. How the summary is made
What the numbers say
THORSTEIN LUND HOLDING AS had an operating margin of – and an equity ratio of 95.6% in 2025, and ranks 19,729 of 32,581 in Bygg og anlegg.
No large changes in the key figures from 2024 to 2025.
This text is generated automatically from the 2025 accounts.
Three simple methods
One method gives a figure: 36 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 36 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
- critical
Consider strengthening liquidity: current liabilities are 42.1 times current assets.
Based on: Current ratio 0.02 (median 1.45).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin – (median 3.4%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Data quality
- watch Revenue not reported
- watch No revenue but large assets
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 | 32 | weight 30% |
|---|---|---|
| Solidity | 92 | weight 25% |
| Liquidity | 3 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 35 | weight 15% |
Durability: 45 (average over 3 years)
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is THORSTEIN LUND HOLDING AS?
The operating margin was – in 2025, against a median of 3.7% among small companies in the same sector. Return on assets was −0.7%. The company made a loss before tax.
How solid is THORSTEIN LUND HOLDING AS?
The equity ratio was 95.6% in 2025 (median 36.5%). Debt-to-equity was 0.05 (median 1.20).
What is the liquidity of THORSTEIN LUND HOLDING AS like?
The current ratio was 0.02 in 2025 (median 1.45). Current assets did not cover current liabilities.
How does THORSTEIN LUND HOLDING AS compare in Bygg og anlegg?
THORSTEIN LUND HOLDING AS ranks 19,729 of 32,581 in Bygg og anlegg for 2025. Among companies of the same size (small companies) it ranks 19,043 of 31,719.
Group accounts · 2025
17 of 100
Rank 1212 of 1255 groups with group accounts. Groups are ranked only against each other, not against single companies.
- Operating revenue, group
- 166 MNOK
- Operating profit, group
- −22 MNOK
- Profit before tax, group
- −22 MNOK
- Total assets, group
- 57 MNOK
- Equity, group
- 18 MNOK
| Key figure | The group | The company alone (2025) |
|---|---|---|
| Operating margin | −13.3% | – |
| Return on assets | −37.8% | −0.7% |
| Equity ratio | 32.0% | 95.6% |
| Current ratio | 1.29 | 0.02 |
| Revenue growth | −22.1% | – |
Group index in earlier years: 2023: 33 (1247 of 1625), 2024: 38 (945 of 1296).
Same formulas and weights as the company index. Group and company are never added together, and the group accounts are not part of sector averages or company rankings.
Source: Brønnøysund Register Centre, group accounts 2025 (open data, NLOD 2.0).
We do not show the group structure, because open data does not say who owns whom.
From the Central Coordinating Register
- Org. no.
- 920384838
- Legal form
- AS
- Sector
- Bygg og anlegg (43.330)
- Size tier
- small
- Employees
- 0–4 (not registered)
- Founded
- 11 January 2018 8 years in operation
- Share capital
- 0.94 MNOK
- Business address
- Bjødnabeen 16, 4031 STAVANGER
- Municipality
- Stavanger rank 5 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
- Chair of the board
- Thorstein Lund
- Board member
- Petter Rossetos Vaaland
- Board member
- Thor Lund
- Auditor
- IDSØ & RAVNÅS REVISJON 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 | 46 | 44 | 45 | |
| Rank | 16,717 | 19,249 | 19,729 | |
| Operating margin | – | – | – | |
| Return on assets | −2.0% | −2.2% | −0.7% | |
| Equity ratio | 90.1% | 96.3% | 95.6% | |
| Current ratio | 0.87 | 0.03 | 0.02 | |
| Revenue growth | – | – | – |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 0.0 MNOK | 0.0 MNOK | – |
| Operating profit | −0.8 MNOK | −0.8 MNOK | −0.3 MNOK |
| Profit before tax | −0.8 MNOK | −0.8 MNOK | −0.3 MNOK |
| Net profit | −2.3 MNOK | −0.8 MNOK | −0.3 MNOK |
| Financial expenses | – | – | – |
| Total assets | 41.0 MNOK | 37.4 MNOK | 37.5 MNOK |
| Current assets | 3.6 MNOK | 0.0 MNOK | 0.0 MNOK |
| Equity | 36.9 MNOK | 36.1 MNOK | 35.8 MNOK |
| Retained earnings | 2.1 MNOK | 1.3 MNOK | 1.0 MNOK |
| Total liabilities | 4.1 MNOK | 1.4 MNOK | 1.7 MNOK |
| Current liabilities | 4.1 MNOK | 1.4 MNOK | 1.7 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 7211978.
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