Ormstad 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 2024
Not enough data: Not enough data (below minimum revenue)
Based on the annual accounts for 2024
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 1 MNOK | 3 MNOK |
| Operating margin | 20.0% | 6.2% |
| Profit margin | −1.3% | 5.1% |
| Return on assets | 3.2% | 9.0% |
| Equity ratio | 20.4% | 40.8% |
| Debt-to-equity | 3.90 | 1.07 |
| Current ratio | 0.37 | 1.58 |
| Revenue growth | 29.3% | 9.0% |
The median and “ahead of” refer to companies in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
Score over time
Score over time needs at least two fiscal years with a score. It will appear when next year's figures are fetched or history is imported.
Working capital and debt
| Measure | Company | Median | |
|---|---|---|---|
| Working capital | |||
| Receivable days All current receivables, including those on group companies, in days of revenue. |
256 days | 40 days | |
| Inventory and other current assets, days Current assets other than receivables and bank deposits, that is inventory and short-term investments, in days of revenue. |
19 days | 3 days | |
| Net working capital to revenue Current assets less bank deposits less current liabilities, divided by revenue. Negative: short-term debt funds the operations. |
−168.9% | −4.7% | |
| Cash share of current assets How much of the short-term buffer is bank deposits and cash. |
17.0% | 42.3% | |
| Debt and interest burden | |||
| Interest coverage (times) Operating result divided by all financial costs. Below 1: operations do not cover the cost of the debt. |
0.9 | 4.3 | |
| Financial costs as a share of debt All financial costs (interest, currency losses and other) divided by all debt, interest-free debt included. Not an interest rate. |
4.3% | 1.5% | |
| Long-term share of debt Long-term debt as a share of all debt. A low share means more falls due within a year. |
51.1% | 11.2% | |
Net working capital (current assets less bank deposits less current liabilities): −1.0 MNOK.
Of the financial costs of 0.1 MNOK, 0.1 MNOK is reported as interest costs in the accounts.
The median and the bar refer to companies in the same sector in 2024. The bar shows the share of the group with a lower figure: higher is not always better, long receivable days tie up capital, for example. These figures do not count in the score.
What the numbers say
Ormstad AS had an equity ratio of 20.4% in 2024. The company is not ranked: not enough data (below minimum revenue).
From 2023 to 2024: revenue grew by 29%.
Ormstad AS did about the same as the sector in 2023, the sector's weakest year.
This text is generated automatically from the 2024 accounts.
Three simple methods
One method gives a figure: 1 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 14.3 | not meaningful |
| EV/EBIT | 17.6 | debt above value |
| P/B | 1.4 | 1 MNOK |
| EV/EBIT: from enterprise value to equity | NOK |
|---|---|
| Enterprise value (EV) at the listed multiple | 2 MNOK |
| Enterprise value after the size adjustment | 1 MNOK |
| Less net debt (rough figure) | 1 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 120% 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: Farming/Agriculture.
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 liabilities are 2.7 times current assets.
Based on: Current ratio 0.37 (median 1.58).
- critical
The operating result does not cover the financial costs. How will the debt be serviced, and what do the lenders say?
Based on: Interest coverage (times) 0.9 (median 4.3); Financial costs as a share of debt 4.3% (median 1.5%).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −1.3% (median 5.1%).
- 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 29.3% (median 9.0%); Current ratio 0.37 (median 1.58).
- watch
Receivables equal far more days of revenue than at comparable companies. Do customers pay late, or are these loans to companies in the same group?
Based on: Receivable days 256 days (median 40 days).
- watch
Current liabilities exceed current assets other than bank deposits, and the current ratio is weak. Is it customer prepayments and supplier credit that fund the operations, or short-term loans that must be renewed?
Based on: Net working capital to revenue −168.9% (median −4.7%); Current ratio 0.37 (median 1.58).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 4.3% 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.
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
The operating margin was 21.9% in 2023 (sector median 6.3%), and the equity ratio 20.6%. The company had a loss before tax that year. In the other years the operating margin averaged 14.4%.
The sector's weakest year was 2023, with a median operating margin of 6.3%. Based on the 8 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
Questions and answers
How profitable is Ormstad AS?
The operating margin was 20.0% in 2024, against a median of 6.2% among companies in the same sector. Return on assets was 3.2%. The company made a loss before tax.
How solid is Ormstad AS?
The equity ratio was 20.4% in 2024 (median 40.8%). Debt-to-equity was 3.90 (median 1.07).
What is the liquidity of Ormstad AS like?
The current ratio was 0.37 in 2024 (median 1.58). Current assets did not cover current liabilities.
Group accounts
The company is registered as part of a group, but we have no group accounts for it. Group accounts are filed by the parent company, and open data does not say which company that is.
Read the figures with care: a company in a group can look strong because of group contributions, or weak because dividends go up to the parent. The figures are indications, not the full picture.
Group structure · 2025
2 companies in the group according to the shareholder register for 2025. A company counts as a subsidiary when a Norwegian company owns more than half of its shares.
Private persons own 100% of the shares in Ormstad Regnskap AS. Persons are not shown by name.
Ormstad Regnskap AS has not filed group accounts in open data, so the group has no index of its own. Each company has its own accounts.
The group in figures
- Sectors
- Revisjon, regnskap og rådgivning (1 company), Jordbruk og skogbruk (1 company) 2 of 2 companies in the tree have accounts with us. Sectors are sorted by the companies' own revenue, which includes sales between the group's companies.
- Loss
- 1 company: Ormstad AS
A subsidiary with negative equity or a loss may be backed by the group, for example with group contributions or guarantees. It is an indication of what is worth asking about, not an assessment.
-
Ormstad Regnskap AS
- Ormstad AS you are here
Read the figures with care: a company in a group can look strong because of group contributions, or weak because dividends go up to the parent. The figures are indications, not the full picture.
Source: the Norwegian Tax Administration's shareholder register 2025 (majority owner with more than 50 % of the shares). Voting agreements and ownership through other countries are not included.
From the Central Coordinating Register
- Org. no.
- 927153289
- Legal form
- AS · part of a group
- Sector
- Jordbruk og skogbruk (01.610)
- Morning company class
- Micro
- Employees
- 0–4 (not registered)
- Founded
- 22 April 2021 5 years in operation
- Share capital
- 0.03 MNOK
- Business address
- Skea, Bergveien 55, 1923 SØRUM (LILLESTRØM)
- Municipality
- Lillestrøm rank 7 of 11 in KOSTRA group 12
- Audit
- Audit opted out from 26 May 2021
- 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 4 November 2026. Only names are shown.
Shareholders (2025)
- Number of shareholders
- 1 (one owner)
- Largest owner
- 100.0%
- Split
- companies 100% · private persons 0% · foreign 0%
- Owned from the same municipality
- 100%
- Group chain
-
Owned by: Ormstad Regnskap AS (100%)
Ultimate owner: private person
- Ormstad Regnskap AS · 100.0%
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 9 November 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | – | – | – | |
| Rank | – | – | – | |
| Operating margin | 21.9% | 20.0% | 8.8% | |
| Return on assets | 3.5% | 3.2% | 1.2% | |
| Equity ratio | 20.6% | 20.4% | 28.5% | |
| Current ratio | 0.19 | 0.37 | 0.51 | |
| Revenue growth | – | 29.3% | −16.0% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 0.4 MNOK | 0.6 MNOK | 0.5 MNOK |
| Operating profit | 0.1 MNOK | 0.1 MNOK | 0.0 MNOK |
| Profit before tax | 0.0 MNOK | 0.0 MNOK | −0.1 MNOK |
| Tax expense | 0.0 MNOK | 0.1 MNOK | 0.0 MNOK |
| Net profit | 0.0 MNOK | −0.2 MNOK | 0.0 MNOK |
| Financial expenses | 0.1 MNOK | 0.1 MNOK | 0.1 MNOK |
| Total assets | 2.8 MNOK | 3.6 MNOK | 3.5 MNOK |
| Current assets | 0.3 MNOK | 0.5 MNOK | 0.5 MNOK |
| Equity | 0.6 MNOK | 0.7 MNOK | 1.0 MNOK |
| Retained earnings | 0.2 MNOK | 0.0 MNOK | 0.0 MNOK |
| Total liabilities | 2.2 MNOK | 2.9 MNOK | 2.5 MNOK |
| Current liabilities | 1.4 MNOK | 1.4 MNOK | 1.1 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 9 November 2026, accounts id 5689453.