BLU ELECTRO AS
Score · fiscal year 2024
36of 100
How to read this: the company is ahead of 23 % of medium-sized companies in the same sector in 2024. What does this mean?
Rank: 22,883 of 31,127 · Bygg og anlegg
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 39 and solidity 9 out of 100 among medium-sized companies in the same sector in 2024. Methodology
Against the sector
BLU ELECTRO AS is 14 points below 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 2.9% (median 4.6%) and equity ratio 12.3% (median 30.4%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 235 MNOK | 171 MNOK |
| Operating margin | 2.9% | 4.6% |
| Profit margin | 2.8% | 4.8% |
| Return on assets | 9.7% | 11.1% |
| Equity ratio | 12.3% | 30.4% |
| Debt-to-equity | 7.14 | 2.26 |
| Current ratio | 1.11 | 1.35 |
| Revenue growth | 36.2% | 5.7% |
| Revenue per employee | 1.08 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 36, BLU ELECTRO AS does better than 23% of medium-sized companies in the same sector (1,015 companies) in 2024.
Score 2023–2025
- BLU ELECTRO AS
- Median: medium-sized companies in the same sector
What the numbers say
BLU ELECTRO AS had an operating margin of 2.9% and an equity ratio of 12.3% in 2024, and ranks 22,883 of 31,127 in Bygg og anlegg.
From 2023 to 2024: revenue grew by 36%.
This text is generated automatically from the 2024 accounts.
Three simple methods
The methods give between 9 MNOK and 65 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 60 MNOK |
| EV/EBIT | 8.0 | 65 MNOK |
| P/B | 1.0 | 9 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
Strong growth with weak liquidity. Is the growth financed, or does it tie up capital the company does not have?
Based on: Revenue growth 36.2% (median 5.7%); Current ratio 1.11 (median 1.35).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 0.4% 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 2.5%. 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 | 39 | weight 30% |
|---|---|---|
| Solidity | 9 | weight 25% |
| Liquidity | 23 | weight 15% |
| Growth | 83 | weight 15% |
| Consistency | 43 | weight 15% |
Durability: 28 (average over 2 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is BLU ELECTRO AS?
The operating margin was 2.9% in 2024, against a median of 4.6% among medium-sized companies in the same sector. Return on assets was 9.7%.
How solid is BLU ELECTRO AS?
The equity ratio was 12.3% in 2024 (median 30.4%). Debt-to-equity was 7.14 (median 2.26).
What is the liquidity of BLU ELECTRO AS like?
The current ratio was 1.11 in 2024 (median 1.35).
How does BLU ELECTRO AS compare in Bygg og anlegg?
BLU ELECTRO AS ranks 22,883 of 31,127 in Bygg og anlegg for 2024. Among companies of the same size (medium-sized companies) it ranks 783 of 1,015. Revenue changed by 36.2% from the year before.
From the Central Coordinating Register
- Org. no.
- 925323276
- Legal form
- AS
- Sector
- Bygg og anlegg (43.210)
- Size tier
- medium
- Employees
- 219 registered 10 October 2026
- Founded
- 17 June 2020 6 years in operation
- Share capital
- 4.08 MNOK
- Business address
- Forusbeen 78, 4033 STAVANGER
- Municipality
- Stavanger rank 5–9 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
- Chief executive
- Terje Egeland
- Chair of the board
- Terje Egeland
- Board member
- Kjetil Gunnar Sinnes
- Board member
- Håvard Larsen
- Board member
- Siri Olstad
- Board member
- Christina Linnebo Moi
- Auditor
- ERNST & YOUNG AS
- Accountant
- DATAPLAN ALPHA 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 | 19 | 36 | 29 | |
| Rank | 25,301 | 22,883 | 26,577 | |
| Operating margin | 1.8% | 2.9% | 0.4% | |
| Return on assets | 5.9% | 9.7% | – | |
| Equity ratio | 11.5% | 12.3% | 10.3% | |
| Current ratio | 1.04 | 1.11 | 1.10 | |
| Revenue growth | – | 36.2% | 26.8% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 172.9 MNOK | 235.4 MNOK | 298.5 MNOK |
| Operating profit | 3.1 MNOK | 6.8 MNOK | 1.2 MNOK |
| Profit before tax | 2.9 MNOK | 6.6 MNOK | – |
| Net profit | 2.4 MNOK | 6.0 MNOK | 0.8 MNOK |
| Financial expenses | 0.2 MNOK | 0.3 MNOK | – |
| Total assets | 52.5 MNOK | 71.0 MNOK | 92.6 MNOK |
| Current assets | 48.4 MNOK | 69.2 MNOK | 88.8 MNOK |
| Equity | 6.0 MNOK | 8.7 MNOK | 9.5 MNOK |
| Retained earnings | 1.2 MNOK | 3.8 MNOK | 4.6 MNOK |
| Total liabilities | 46.5 MNOK | 62.3 MNOK | 83.1 MNOK |
| Current liabilities | 46.4 MNOK | 62.1 MNOK | 80.8 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 5669931.
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