BOLD TERN AS
Score · fiscal year 2025
67of 100
How to read this: the company is ahead of 87 % of medium-sized companies in the same sector in 2025. What does this mean?
Rank: 4,454 of 25,886 · 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 92 and solidity 89 out of 100 among medium-sized companies in the same sector in 2025. Methodology
Against the sector
BOLD TERN AS is 17 points above the median for medium-sized companies in the same sector in 2025.
Median score 50 among 728 companies.
Against medium-sized companies in the same sector in 2025: operating margin 59.1% (median 4.4%) and equity ratio 72.6% (median 32.4%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 616 MNOK | 173 MNOK |
| Operating margin | 59.1% | 4.4% |
| Profit margin | 59.2% | 4.6% |
| Return on assets | 23.9% | 10.3% |
| Equity ratio | 72.6% | 32.4% |
| Debt-to-equity | 0.38 | 2.08 |
| Current ratio | 0.53 | 1.36 |
| Revenue growth | 27.1% | 7.1% |
The median and “ahead of” refer to medium-sized companies in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 67, BOLD TERN AS does better than 87% of medium-sized companies in the same sector (734 companies) in 2025.
Score 2023–2025
- BOLD TERN AS
- Median: medium-sized companies in the same sector
BOLD TERN AS has a score of 67 for 2025, rank 4,454 of 25,886 in the sector.
Strongest: Profitability: percentile 92 against peers, operating margin 59.1% against a median of 4.4%. Solidity: percentile 89 against peers, equity ratio 72.6% against a median of 32.4%.
Weakest: Liquidity: percentile 6 against peers, current ratio 0.53 against a median of 1.36. Consistency: percentile 37 against peers.
Worth a closer look
- Consider strengthening liquidity: current liabilities are 1.9 times current assets. Based on: current ratio 0.53 (median 1.36).
- Strong growth with weak liquidity. Is the growth financed, or does it tie up capital the company does not have? Based on: revenue growth 27.1% (median 7.1%); current ratio 0.53 (median 1.36).
- What lies behind weak consistency, 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
BOLD TERN AS had an operating margin of 59.1% and an equity ratio of 72.6% in 2025, and ranks 4,454 of 25,886 in Bygg og anlegg.
From 2024 to 2025: revenue grew by 27% and the operating margin rose from 56.2% to 59.1%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 96 MEUR and 311 MEUR.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 311 MEUR |
| EV/EBIT | 8.0 | 260 MEUR |
| P/B | 1.0 | 96 MEUR |
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
Consider strengthening liquidity: current liabilities are 1.9 times current assets.
Based on: Current ratio 0.53 (median 1.36).
- 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 27.1% (median 7.1%); Current ratio 0.53 (median 1.36).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Data quality
- watch Reports in a currency other than NOK
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 2.1%. 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 | 92 | weight 30% |
|---|---|---|
| Solidity | 89 | weight 25% |
| Liquidity | 6 | weight 15% |
| Growth | 73 | weight 15% |
| Consistency | 37 | weight 15% |
Durability: 69 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is BOLD TERN AS?
The operating margin was 59.1% in 2025, against a median of 4.4% among medium-sized companies in the same sector. Return on assets was 23.9%.
How solid is BOLD TERN AS?
The equity ratio was 72.6% in 2025 (median 32.4%). Debt-to-equity was 0.38 (median 2.08).
What is the liquidity of BOLD TERN AS like?
The current ratio was 0.53 in 2025 (median 1.36). Current assets did not cover current liabilities.
How does BOLD TERN AS compare in Bygg og anlegg?
BOLD TERN AS ranks 4,454 of 25,886 in Bygg og anlegg for 2025. Among companies of the same size (medium-sized companies) it ranks 99 of 734. Revenue changed by 27.1% from the year before.
From the Central Coordinating Register
- Org. no.
- 921389175
- Legal form
- AS
- Sector
- Bygg og anlegg (42.221)
- Size tier
- medium
- Employees
- 0–4 (not registered)
- Founded
- 30 August 2018 8 years in operation
- Share capital
- 5.00 MNOK
- Business address
- Fred. Olsens gate 2, 0152 OSLO
- Municipality
- Oslo rank 106–282 of 357 in Norway
- 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
- Haakon Magne Ore
- Board member
- Hjalmar Krogseth Moe
- Auditor
- KPMG AS
Source: Central Coordinating Register, fetched 25 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 | 61 | 67 | |
| Rank | 1,749 | 7,037 | 4,454 | |
| Operating margin | 64.6% | 56.2% | 59.1% | |
| Return on assets | 20.8% | 17.7% | 23.9% | |
| Equity ratio | 72.1% | 75.6% | 72.6% | |
| Current ratio | 9.40 | 0.56 | 0.53 | |
| Revenue growth | – | −7.5% | 27.1% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (EUR). Revenue in NOK is converted from EUR at the mean rate for the accounting period 1 January 2025–31 December 2025: 11.7177 (norges_bank). Balance-sheet amounts use the rate on the balance-sheet date. Ratios and growth are computed in EUR. Exchange rates at Norges Bank
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 44.7 MEUR | 41.4 MEUR | 52.6 MEUR |
| Operating profit | 28.9 MEUR | 23.2 MEUR | 31.1 MEUR |
| Profit before tax | 25.4 MEUR | 22.2 MEUR | 31.1 MEUR |
| Net profit | 25.4 MEUR | 22.1 MEUR | 31.1 MEUR |
| Financial expenses | 3.6 MEUR | 1.4 MEUR | 0.3 MEUR |
| Total assets | 139.4 MEUR | 132.8 MEUR | 131.7 MEUR |
| Current assets | 8.4 MEUR | 14.3 MEUR | 19.2 MEUR |
| Equity | 100.6 MEUR | 100.4 MEUR | 95.6 MEUR |
| Retained earnings | 3.7 MEUR | 3.6 MEUR | −1.2 MEUR |
| Total liabilities | 38.8 MEUR | 32.3 MEUR | 36.1 MEUR |
| Current liabilities | 0.9 MEUR | 25.4 MEUR | 36.1 MEUR |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 7093345.
Further
Similar companies
- JOHS J SYLTERN AS index 68, rank 4,392 · compare
- C-HOLDING AS index 68, rank 4,434 · compare
- BJØRN FRENNING TRANSPORT & GRAVING AS index 68, rank 4,439 · compare
- ROALD MADSEN AS index 67, rank 4,479 · compare
- TH BLIKK AS index 67, rank 4,497 · compare