GRUNNFJELL AS
Score · fiscal year 2023
47of 100
How to read this: the company is ahead of 44 % of small companies in the same sector in 2023. What does this mean?
Rank: 16,262 of 28,987 · Bygg og anlegg
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2023, not a verdict on the company. Based on profitability 36 and solidity 65 out of 100 among small companies in the same sector in 2023. Methodology
Against the sector
GRUNNFJELL AS is 3 points below the median for small companies in the same sector in 2023.
Median score 50 among 27,959 companies.
Against small companies in the same sector in 2023: operating margin 0.5% (median 4.1%) and equity ratio 55.6% (median 36.8%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 23 MNOK | 3 MNOK |
| Operating margin | 0.5% | 4.1% |
| Profit margin | 0.2% | 3.8% |
| Return on assets | 1.2% | 5.9% |
| Equity ratio | 55.6% | 36.8% |
| Debt-to-equity | 0.80 | 1.24 |
| Current ratio | 1.40 | 1.44 |
| Revenue growth | – | 2.5% |
| Revenue per employee | 1.42 MNOK | 1.38 MNOK |
The median and “ahead of” refer to small companies in the same sector in 2023. The bar shows the share of companies the figure is ahead of.
With an index of 47, GRUNNFJELL AS does better than 44% of small companies in the same sector (28,009 companies) in 2023.
Score 2023–2025
- GRUNNFJELL AS
- Median: small companies in the same sector
What the numbers say
GRUNNFJELL AS had an operating margin of 0.5% and an equity ratio of 55.6% in 2023, and ranks 16,262 of 28,987 in Bygg og anlegg.
This text is generated automatically from the 2023 accounts.
Three simple methods
The methods give between 0 MNOK and 5 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 0 MNOK |
| EV/EBIT | 8.0 | 2 MNOK |
| P/B | 1.0 | 5 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
No rules were triggered for this year.
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 1.9% of the debt in 2023. The policy rate averaged 3.54 % 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 | 36 | weight 30% |
|---|---|---|
| Solidity | 65 | weight 25% |
| Liquidity | 48 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 36 | weight 15% |
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is GRUNNFJELL AS?
The operating margin was 0.5% in 2023, against a median of 4.1% among small companies in the same sector. Return on assets was 1.2%.
How solid is GRUNNFJELL AS?
The equity ratio was 55.6% in 2023 (median 36.8%). Debt-to-equity was 0.80 (median 1.24).
What is the liquidity of GRUNNFJELL AS like?
The current ratio was 1.40 in 2023 (median 1.44).
How does GRUNNFJELL AS compare in Bygg og anlegg?
GRUNNFJELL AS ranks 16,262 of 28,987 in Bygg og anlegg for 2023. Among companies of the same size (small companies) it ranks 15,697 of 28,009.
Public contracts
- Contracts awarded since 2024
- 1
- Total awarded value since 2024
- value not stated
- 1 contracts without a stated value are not in the total.
| Date | Buyer | Notice | Value |
|---|---|---|---|
| 9 July 2024 | Statens vegvesen | E39 Kryss ved Alvervegen | value not stated |
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.
- 929091558
- Legal form
- AS
- Sector
- Bygg og anlegg (43.120)
- Size tier
- small
- Employees
- 16 registered 10 May 2026
- Founded
- 9 February 2022 4 years in operation
- Share capital
- 0.09 MNOK
- Business address
- Herlandsvegen 330, 6985 ATLØY (ASKVOLL)
- Municipality
- Askvoll rank 19–30 of 39 in KOSTRA group 4
- 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
- Thomas Lervåg
- Chair of the board
- Thomas Lervåg
- Board member
- Magne Helge Nordheim
- Auditor
- ARGO REVISJON AS
- Accountant
- ASKVOLL REKNESKAPSTENESTE 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 | 47 | 42 | 39 | |
| Rank | 16,262 | 20,635 | 22,671 | |
| Operating margin | 0.5% | −4.5% | −1.5% | |
| Return on assets | 1.2% | −12.2% | −3.2% | |
| Equity ratio | 55.6% | 57.1% | 41.3% | |
| Current ratio | 1.40 | 1.57 | 1.25 | |
| Revenue growth | – | −12.4% | −2.0% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 22.8 MNOK | 19.9 MNOK | 19.5 MNOK |
| Operating profit | 0.1 MNOK | −0.9 MNOK | −0.3 MNOK |
| Profit before tax | 0.0 MNOK | −1.0 MNOK | −0.5 MNOK |
| Net profit | 0.0 MNOK | −0.8 MNOK | −0.4 MNOK |
| Financial expenses | 0.1 MNOK | 0.1 MNOK | 0.2 MNOK |
| Total assets | 8.9 MNOK | 7.3 MNOK | 9.2 MNOK |
| Current assets | 5.3 MNOK | 3.9 MNOK | 6.1 MNOK |
| Equity | 4.9 MNOK | 4.1 MNOK | 3.8 MNOK |
| Retained earnings | 0.8 MNOK | 0.0 MNOK | −0.3 MNOK |
| Total liabilities | 3.9 MNOK | 3.1 MNOK | 5.4 MNOK |
| Current liabilities | 3.8 MNOK | 2.5 MNOK | 4.9 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 27 October 2026, accounts id 5223927.
Further
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