Rekdal 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
18of 100
How to read this: the company is ahead of 7 % of companies in the Morning class Micro in the same sector in 2025. What does this mean?
Rank in the Morning class Micro: 1,620 of 1,739 · What are Morning company classes?
Place in the whole sector: 4,961 of 5,265 · Industri
Profile
Beaver · Builder
Lower profitability, lower resilience
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 19 and resilience 24 out of 100 among companies in the Morning class Micro in the same sector in 2025. Methodology
Against the sector
Rekdal AS is 33 points below the median for companies in the Morning class Micro in the same sector in 2025.
Median score 51 among 1,739 companies.
Against companies in the Morning class Micro in the same sector in 2025: operating margin −10.4% (median 3.3%) and equity ratio 15.0% (median 38.3%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 3 MNOK | 4 MNOK |
| Operating margin | −10.4% | 3.3% |
| Profit margin | −24.0% | 2.4% |
| Return on assets | −4.5% | 6.4% |
| Equity ratio | 15.0% | 38.3% |
| Debt-to-equity | 5.66 | 1.22 |
| Current ratio | −0.28 | 1.62 |
| Revenue growth | −28.7% | 4.4% |
The median and “ahead of” refer to companies in the Morning class Micro in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 18, Rekdal AS does better than 7% of companies in the Morning class Micro in the same sector (1,739 companies) in 2025.
Score 2023–2025
- Rekdal AS
- Median: companies in the Morning class Micro in the same sector
Rekdal AS has a score of 18 for 2025, rank 4,961 of 5,265 in the sector.
Strongest: Consistency: percentile 42 against peers.
Weakest: Liquidity: percentile 0 against peers, current ratio −0.28 against a median of 1.62. Growth: percentile 7 against peers, revenue growth −28.7% against a median of 4.4%.
Worth a closer look
- Consider strengthening liquidity: current liabilities are {times} times current assets. Based on: current ratio −0.28 (median 1.62).
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin −24.0% (median 2.4%).
- The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors? Based on: operating margin −10.4% (median 3.3%).
- What lies behind weak growth, 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
The industry or the company: what drove the result?
In 2025 the operating margin of Rekdal AS fell by 24.3 percentage points. Comparable companies fell by a median 0.3 points. So the company did 24.0 points weaker than the industry, for reasons of its own.
Over 2 year-to-year changes Rekdal AS moved the same way as comparable companies 2 times. About 2% 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 | 13.9% | 3.6% | +8.6 percentage points | +0.3 percentage points | +8.3 percentage points |
| 2025 | −10.4% | 3.3% | −24.3 percentage points | −0.3 percentage points | −24.0 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 Rekdal AS. The figures stand side by side; we claim no cause.
Producer prices in manufacturing (indeks (2021 = 100))
Producer prices in manufacturing rose 2.9% in 2025; the operating margin of Rekdal AS fell 24.3 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Producer prices in manufacturing, annual average | 100.0 | 124.7 | 129.5 | 134.4 | 138.3 | 146.0 (so far) |
| Change from the year before | +10.7% | +24.7% | +3.9% | +3.7% | +2.9% | +5.6% |
| The company's operating margin | – | – | 5.3% | 13.9% | −10.4% | – |
Source: SSB (12462, CC BY 4.0). Source
EUR/NOK (kr)
EUR/NOK rose 0.8% in 2025; the operating margin of Rekdal AS fell 24.3 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 | – | – | 5.3% | 13.9% | −10.4% | – |
Source: Norges Bank (EXR, NLOD 2.0). Source
Wholesale power price (øre per kWh)
Wholesale power price rose 9.4% in 2025; the operating margin of Rekdal AS fell 24.3 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Wholesale power price, annual average | 64.2 | 141.7 | 72.0 | 49.4 | 54.0 | 96.5 (so far) |
| Change from the year before | +466.7% | +120.8% | −49.2% | −31.4% | +9.4% | +78.4% |
| The company's operating margin | – | – | 5.3% | 13.9% | −10.4% | – |
Source: SSB (09363, CC BY 4.0). Source
USD/NOK (kr)
USD/NOK fell 3.3% in 2025; the operating margin of Rekdal AS fell 24.3 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| USD/NOK, annual average | 8.59 | 9.61 | 10.56 | 10.75 | 10.39 | 9.54 (so far) |
| Change from the year before | −8.8% | +11.9% | +9.9% | +1.7% | −3.3% | −8.2% |
| The company's operating margin | – | – | 5.3% | 13.9% | −10.4% | – |
Source: Norges Bank (EXR, NLOD 2.0). Source
Wage index: fabricated metal products (indeks)
Wage index: fabricated metal products rose 5.8% in 2025; the operating margin of Rekdal AS fell 24.3 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Wage index: fabricated metal products, annual average | 88.0 | 91.5 | 96.9 | 102.1 | 108.0 | 112.8 (so far) |
| Change from the year before | +3.1% | +3.9% | +6.0% | +5.4% | +5.8% | +4.5% |
| The company's operating margin | – | – | 5.3% | 13.9% | −10.4% | – |
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
Rekdal AS had an operating margin of −10.4% and an equity ratio of 15.0% in 2025, and ranks 4,961 of 5,265 in Industri.
From 2024 to 2025: the operating margin fell from 13.9% to −10.4% and went from a profit to a loss before tax.
This text is generated automatically from the 2025 accounts.
Three simple methods
One method gives a figure: 2 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 22.2 | not meaningful |
| EV/EBIT | 18.6 | debt above value |
| P/B | 3.0 | 2 MNOK |
| EV/EBIT: from enterprise value to equity | NOK |
|---|---|
| Enterprise value (EV) at the listed multiple | 3 MNOK |
| Enterprise value after the size adjustment | 2 MNOK |
| Less net debt (rough figure) | 5 MNOK |
| Equity value | debt above value |
Net debt is a rough figure: long-term liabilities minus cash. The accounts do not split interest-bearing debt from other liabilities, and short-term borrowings are not included. The size adjustment applies to the enterprise value, not to the debt. Net debt is 292% of the enterprise value after the size adjustment, so the equity value from EV/EBIT is sensitive to errors in the debt figure.
The listed basis is the value at listed multiples. The estimate is lowered for size: a small-company premium of 4% on the cost of equity gives a value 38% lower. No separate marketability discount is applied, because the premium already allows for the company being small and unlisted.
The NACE code has no listed industry of its own in the table, so the multiples are the sector median: Machinery, Food Processing, Chemical (Specialty), Building Materials, Packaging & Container.
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
- critical
Consider strengthening liquidity: current assets do not cover current liabilities.
Based on: Current ratio −0.28 (median 1.62).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −24.0% (median 2.4%).
- 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 −10.4% (median 3.3%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 6.9% 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 −0.2%. 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 40% |
|---|---|---|
| Solidity | 20 | weight 20% |
| Liquidity | 0 | weight 5% |
| Growth | 7 | weight 25% |
| Consistency | 42 | weight 10% |
Three goals: profitability 40%, growth 25%, resilience 35%. Why these weights?
Durability: 40 (average over 3 years)
Index version 3. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Rekdal AS?
The operating margin was −10.4% in 2025, against a median of 3.3% among companies in the Morning class Micro in the same sector. Return on assets was −4.5%. The company made a loss before tax.
How solid is Rekdal AS?
The equity ratio was 15.0% in 2025 (median 38.3%). Debt-to-equity was 5.66 (median 1.22).
What is the liquidity of Rekdal AS like?
The current ratio was −0.28 in 2025 (median 1.62). Current assets did not cover current liabilities.
How does Rekdal AS compare in Industri?
Rekdal AS ranks 4,961 of 5,265 in Industri for 2025. Among companies in the Morning class Micro it is number 1,620 of 1,739. Revenue changed by −28.7% from the year before.
From the Central Coordinating Register
- Org. no.
- 921718489
- Legal form
- AS
- Sector
- Industri (33.120)
- Morning company class
- Micro
- Employees
- 0–4 (not registered)
- Founded
- 10 September 2018 8 years in operation
- Share capital
- 0.10 MNOK
- Business address
- Kråknesvegen 7E, 6390 VESTNES
- Municipality
- Vestnes rank 11–29 of 39 in KOSTRA group 4
- Audit
- Audit opted out from 13 November 2018
- 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 3 November 2026. Only names are shown.
Shareholders (2025)
- Number of shareholders
- 1 (one owner)
- Largest owner
- 100.0%
- Split
- companies 0% · private persons 100% · foreign 0%
- Owned from the same municipality
- 100%
- Group chain
- Ultimate owner: private person
The company is new in the shareholder register in 2025.
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 8 November 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 43 | 60 | 18 | |
| Rank | 3,148 | 1,582 | 4,961 | |
| Operating margin | 5.3% | 13.9% | −10.4% | |
| Return on assets | 12.4% | 28.2% | −4.5% | |
| Equity ratio | 12.6% | 27.4% | 15.0% | |
| Current ratio | 0.30 | 0.28 | −0.28 | |
| Revenue growth | – | −5.4% | −28.7% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 3.8 MNOK | 3.6 MNOK | 2.6 MNOK |
| Operating profit | 0.2 MNOK | 0.5 MNOK | −0.3 MNOK |
| Profit before tax | 0.1 MNOK | 0.4 MNOK | −0.6 MNOK |
| Tax expense | 0.0 MNOK | 0.1 MNOK | 0.1 MNOK |
| Net profit | 0.1 MNOK | 0.3 MNOK | −0.7 MNOK |
| Financial expenses | 0.1 MNOK | 0.1 MNOK | 0.3 MNOK |
| Total assets | 1.6 MNOK | 1.8 MNOK | 6.0 MNOK |
| Current assets | 0.2 MNOK | 0.2 MNOK | −0.2 MNOK |
| Equity | 0.2 MNOK | 0.5 MNOK | 0.9 MNOK |
| Retained earnings | 0.1 MNOK | 0.4 MNOK | 0.7 MNOK |
| Total liabilities | 1.4 MNOK | 1.3 MNOK | 5.1 MNOK |
| Current liabilities | 0.8 MNOK | 0.8 MNOK | 0.9 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 8 November 2026, accounts id 6852392.
Further
Similar companies
- Suldalstrappa AS index 18, rank 4,957 · compare
- Nuet AS index 18, rank 4,958 · compare
- Løvdals Trevare Produksjon AS index 18, rank 4,962 · compare
- Den Gode Baker AS index 18, rank 4,964 · compare
- Norwegian Watch Company AS index 18, rank 4,965 · compare