COVEI AS
Score · fiscal year 2025
43of 100
How to read this: the company is ahead of 36 % of small companies in the same sector in 2025. What does this mean?
Rank: 20,940 of 32,580 · Bygg og anlegg
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 44 and solidity 17 out of 100 among small companies in the same sector in 2025. Methodology
Against the sector
COVEI AS is 7 points below the median for small companies in the same sector in 2025.
Median score 50 among 31,470 companies.
Against small companies in the same sector in 2025: operating margin 1.4% (median 3.7%) and equity ratio 9.4% (median 36.5%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 46 MNOK | 3 MNOK |
| Operating margin | 1.4% | 3.7% |
| Profit margin | 1.0% | 3.4% |
| Return on assets | 5.1% | 5.7% |
| Equity ratio | 9.4% | 36.5% |
| Debt-to-equity | 9.58 | 1.20 |
| Current ratio | 1.09 | 1.45 |
| Revenue growth | 15.2% | 3.0% |
| Revenue per employee | 1.22 MNOK | 1.46 MNOK |
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 43, COVEI AS does better than 36% of small companies in the same sector (31,718 companies) in 2025.
Score 2023–2025
- COVEI AS
- Median: small companies in the same sector
COVEI AS has a score of 43 for 2025, rank 20,940 of 32,580 in the sector.
Strongest: Consistency: percentile 71 against peers. Growth: percentile 64 against peers, revenue growth 15.2% against a median of 3.0%.
Weakest: Solidity: percentile 17 against peers, equity ratio 9.4% against a median of 36.5%. Liquidity: percentile 34 against peers, current ratio 1.09 against a median of 1.45.
Worth a closer look
- The equity ratio is very low. Could the company absorb a bad year, and does it need more equity? Based on: equity ratio 9.4% (median 36.5%).
- What lies behind weak solidity, and will it last?
- What lies behind weak liquidity, 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
COVEI AS had an operating margin of 1.4% and an equity ratio of 9.4% in 2025, and ranks 20,940 of 32,580 in Bygg og anlegg.
From 2024 to 2025: revenue grew by 15%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 1 MNOK and 8 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 4 MNOK |
| EV/EBIT | 8.0 | 8 MNOK |
| P/B | 1.0 | 1 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
The equity ratio is very low. Could the company absorb a bad year, and does it need more equity?
Based on: Equity ratio 9.4% (median 36.5%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 1.8% 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.
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 2.4%. 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 | 44 | weight 30% |
|---|---|---|
| Solidity | 17 | weight 25% |
| Liquidity | 34 | weight 15% |
| Growth | 64 | weight 15% |
| Consistency | 71 | weight 15% |
Durability: 37 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is COVEI AS?
The operating margin was 1.4% in 2025, against a median of 3.7% among small companies in the same sector. Return on assets was 5.1%.
How solid is COVEI AS?
The equity ratio was 9.4% in 2025 (median 36.5%). Debt-to-equity was 9.58 (median 1.20).
What is the liquidity of COVEI AS like?
The current ratio was 1.09 in 2025 (median 1.45).
How does COVEI AS compare in Bygg og anlegg?
COVEI AS ranks 20,940 of 32,580 in Bygg og anlegg for 2025. Among companies of the same size (small companies) it ranks 20,207 of 31,718. Revenue changed by 15.2% from the year before.
Public contracts
- Contracts awarded since 2024
- 1
- Total awarded value since 2024
- value not stated
- Framework agreements
- 1
- Left out of the total: the value is a ceiling, not actual spend.
| Date | Buyer | Notice | Value |
|---|---|---|---|
| 15 June 2026 | Bergen kommune - Bymiljøetaten | BME EØS 2026-04 Rammeavtale for vinterdrift i sone sørvest i Bergen kommune | 24.2 MNOK (framework) |
Based on notices in Doffin. Does not show call-offs under framework agreements or purchases below the publication threshold. Values are as stated by the buyer.
Source: Doffin (DFØ), fetched 27 October 2026. Winners are matched on organisation number.
Contains data under the Norwegian licence for public data (NLOD 2.0) made available by Doffin/the Norwegian Agency for Public and Financial Management (DFØ). NLOD 2.0
From the Central Coordinating Register
- Org. no.
- 927790440
- Legal form
- AS
- Sector
- Bygg og anlegg (43.120)
- Size tier
- small
- Employees
- 38 registered 10 October 2026
- Founded
- 11 June 2021 5 years in operation
- Share capital
- 0.03 MNOK
- Business address
- Kokstadvegen 31A, 5257 KOKSTAD (BERGEN)
- Municipality
- Bergen rank 8 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
- Trond Hjelmeland
- Chair of the board
- Thomas Szwarc Sandland
- Board member
- Halvor Gunleik Sandland
- Auditor
- ULTIMA 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 27 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 26 | 42 | 43 | |
| Rank | 23,699 | 20,515 | 20,940 | |
| Operating margin | 0.9% | 2.9% | 1.4% | |
| Return on assets | 2.7% | 8.3% | 5.1% | |
| Equity ratio | 1.1% | 5.9% | 9.4% | |
| Current ratio | 1.01 | 1.06 | 1.09 | |
| Revenue growth | – | 12.9% | 15.2% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 35.6 MNOK | 40.3 MNOK | 46.4 MNOK |
| Operating profit | 0.3 MNOK | 1.2 MNOK | 0.7 MNOK |
| Profit before tax | 0.1 MNOK | 1.0 MNOK | 0.5 MNOK |
| Net profit | 0.1 MNOK | 0.8 MNOK | 0.4 MNOK |
| Financial expenses | 0.2 MNOK | 0.3 MNOK | 0.2 MNOK |
| Total assets | 11.6 MNOK | 15.1 MNOK | 13.2 MNOK |
| Current assets | 11.3 MNOK | 14.5 MNOK | 12.6 MNOK |
| Equity | 0.1 MNOK | 0.9 MNOK | 1.2 MNOK |
| Retained earnings | 0.1 MNOK | 0.9 MNOK | 1.2 MNOK |
| Total liabilities | 11.4 MNOK | 14.2 MNOK | 11.9 MNOK |
| Current liabilities | 11.1 MNOK | 13.7 MNOK | 11.6 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 27 October 2026, accounts id 7081817.
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