Building the Future AS
Score · fiscal year 2025
Not enough data: Not enough data (below minimum revenue)
Based on the annual accounts for 2025
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 0 MNOK | 3 MNOK |
| Operating margin | −102.4% | 3.5% |
| Profit margin | −58.6% | 3.0% |
| Return on assets | −0.8% | 7.8% |
| Equity ratio | 26.2% | 32.8% |
| Debt-to-equity | 2.81 | 1.43 |
| Current ratio | 1.31 | 1.41 |
| Revenue growth | −97.8% | 6.0% |
The median and “ahead of” refer to companies in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
Score 2023–2025
- Building the Future AS
- Median: companies in the same sector
The industry or the company: what drove the result?
In 2025 the operating margin of Building the Future AS fell by 114.7 percentage points. Comparable companies fell by a median 1.1 points. So the company did 113.6 points weaker than the industry, for reasons of its own.
Over 2 year-to-year changes Building the Future AS moved the same way as comparable companies 1 times. About 1% 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 | 12.3% | 4.7% | +4.2 percentage points | −0.2 percentage points | +4.4 percentage points |
| 2025 | −102.4% | 3.5% | −114.7 percentage points | −1.1 percentage points | −113.6 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 Building the Future AS. The figures stand side by side; we claim no cause.
House prices (existing homes) (indeks (2015 = 100))
House prices (existing homes) rose 5.5% in 2025; the operating margin of Building the Future AS fell 114.7 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| House prices (existing homes), annual average | 134.5 | 141.6 | 140.8 | 144.6 | 152.5 | 158.7 (so far) |
| Change from the year before | +10.5% | +5.2% | −0.5% | +2.7% | +5.5% | +4.1% |
| The company's operating margin | – | – | 8.1% | 12.3% | −102.4% | – |
Source: SSB (07221, CC BY 4.0). Source
Construction cost index for dwellings (indeks (2015 = 100))
Construction cost index for dwellings rose 4.3% in 2025; the operating margin of Building the Future AS fell 114.7 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Construction cost index for dwellings, annual average | 124.2 | 135.1 | 141.1 | 146.4 | 152.7 | 158.4 (so far) |
| Change from the year before | +8.7% | +8.8% | +4.4% | +3.7% | +4.3% | +3.7% |
| The company's operating margin | – | – | 8.1% | 12.3% | −102.4% | – |
Source: SSB (08651, CC BY 4.0). Source
Policy rate (prosent)
Policy rate fell 0.20 percentage points in 2025; the operating margin of Building the Future AS fell 114.7 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Policy rate, annual average | 0.08 | 1.32 | 3.54 | 4.50 | 4.30 | 4.17 (so far) |
| Change from the year before | −0.28 percentage points | +1.24 percentage points | +2.22 percentage points | +0.96 percentage points | −0.20 percentage points | −0.12 percentage points |
| The company's operating margin | – | – | 8.1% | 12.3% | −102.4% | – |
Source: Norges Bank (IR, NLOD 2.0). Source
Wage index: specialised construction (indeks)
Wage index: specialised construction rose 5.8% in 2025; the operating margin of Building the Future AS fell 114.7 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Wage index: specialised construction, annual average | 88.0 | 91.4 | 96.6 | 102.0 | 107.8 | 112.2 (so far) |
| Change from the year before | +3.4% | +3.9% | +5.7% | +5.6% | +5.8% | +4.1% |
| The company's operating margin | – | – | 8.1% | 12.3% | −102.4% | – |
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
Building the Future AS had an equity ratio of 26.2% in 2025. The company is not ranked: not enough data (below minimum revenue).
From 2024 to 2025: the operating margin fell from 12.3% to −102.4% and the equity ratio fell from 81.6% to 26.2%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 4 MNOK and 25 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 16.9 | 24 MNOK |
| EV/EBIT | 12.7 | 25 MNOK |
| P/B | 1.6 | 4 MNOK |
The listed basis is the value at listed multiples. The estimate is lowered by 51% for an unlisted company: 20% for lack of marketability and 38% for size (a small-company premium of 4% on the cost of equity).
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
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −58.6% (median 3.0%).
- 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 −102.4% (median 3.5%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 0.0% 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
- watch Extreme margin: check the figures
Scenario analysis: the sector's weakest year
We have no accounts for 2021, the sector's weakest year, for this company.
The sector's weakest year was 2021, with a median operating margin of 1.8%. Based on the 10 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
Questions and answers
How profitable is Building the Future AS?
The operating margin was −102.4% in 2025, against a median of 3.5% among companies in the same sector. Return on assets was −0.8%. The company made a loss before tax.
How solid is Building the Future AS?
The equity ratio was 26.2% in 2025 (median 32.8%). Debt-to-equity was 2.81 (median 1.43).
What is the liquidity of Building the Future AS like?
The current ratio was 1.31 in 2025 (median 1.41).
From the Central Coordinating Register
- Org. no.
- 928925781
- Legal form
- AS
- Sector
- Bygg og anlegg (43.210)
- Morning company class
- Micro
- Employees
- 0–4 (not registered)
- Founded
- 8 March 2022 4 years in operation
- Share capital
- 4.03 MNOK
- Business address
- Søderlundmyra 18, 8622 MO I RANA
- Municipality
- Rana rank 11–25 of 27 in KOSTRA group 9
- 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 29 October 2026. Only names are shown.
Shareholders (2025)
- Number of shareholders
- 3
- Largest owner
- 33.3%
- Split
- companies 100% · private persons 0% · foreign 0%
- Owned from the same municipality
- 33%
- Aritech AS · 33.3%
- Bratseth Holding AS · 33.3%
- Haaland Holding AS · 33.3%
The company is new in the shareholder register in 2025.
Holds shares in: Elnett Gruppen AS (5%)
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.
Figures last fetched 27 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 59 | 75 | – | |
| Rank | 6,813 | 1,762 | – | |
| Operating margin | 8.1% | 12.3% | −102.4% | |
| Return on assets | 28.0% | 26.3% | −0.8% | |
| Equity ratio | 29.5% | 81.6% | 26.2% | |
| Current ratio | 1.39 | 4.83 | 1.31 | |
| Revenue growth | – | −88.4% | −97.8% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 119.0 MNOK | 13.8 MNOK | 0.3 MNOK |
| Operating profit | 9.6 MNOK | 1.7 MNOK | −0.3 MNOK |
| Profit before tax | 9.6 MNOK | 1.7 MNOK | −0.2 MNOK |
| Tax expense | 2.1 MNOK | 0.4 MNOK | 0.0 MNOK |
| Net profit | 7.5 MNOK | 1.3 MNOK | −0.2 MNOK |
| Financial expenses | – | 0.0 MNOK | 0.0 MNOK |
| Total assets | 34.5 MNOK | 6.8 MNOK | 20.4 MNOK |
| Current assets | 33.7 MNOK | 6.0 MNOK | 19.7 MNOK |
| Equity | 10.2 MNOK | 5.5 MNOK | 5.4 MNOK |
| Retained earnings | 6.2 MNOK | 1.5 MNOK | 1.3 MNOK |
| Total liabilities | 24.3 MNOK | 1.2 MNOK | 15.1 MNOK |
| Current liabilities | 24.3 MNOK | 1.2 MNOK | 15.1 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 27 October 2026, accounts id 7163565.