Rustad Bygg AS
Score · fiscal year 2025
59of 100
How to read this: the company is ahead of 68 % of companies in the Morning class Small in the same sector in 2025. What does this mean?
Rank in the Morning class Small: 1,802 of 5,557 · What are Morning company classes?
Place in the whole sector: 6,632 of 20,339 · Bygg og anlegg
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 59 and solidity 42 out of 100 among companies in the Morning class Small in the same sector in 2025. Methodology
Against the sector
Rustad Bygg AS is 8 points above the median for companies in the Morning class Small in the same sector in 2025.
Median score 51 among 5,557 companies.
Against companies in the Morning class Small in the same sector in 2025: operating margin 4.3% (median 4.5%) and equity ratio 30.3% (median 34.1%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 17 MNOK | 19 MNOK |
| Operating margin | 4.3% | 4.5% |
| Profit margin | 4.3% | 4.2% |
| Return on assets | 18.9% | 10.9% |
| Equity ratio | 30.3% | 34.1% |
| Debt-to-equity | 2.30 | 1.72 |
| Current ratio | 1.31 | 1.48 |
| Revenue growth | 119.3% | 6.0% |
| Revenue per employee | 0.98 MNOK | 1.70 MNOK |
The median and “ahead of” refer to companies in the Morning class Small in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 59, Rustad Bygg AS does better than 68% of companies in the Morning class Small in the same sector (5,557 companies) in 2025.
Score 2023–2025
- Rustad Bygg AS
- Median: companies in the Morning class Small in the same sector
Rustad Bygg AS has a score of 59 for 2025, rank 6,632 of 20,339 in the sector.
Strongest: Growth: percentile 96 against peers, revenue growth 119.3% against a median of 6.0%. Consistency: percentile 73 against peers.
Weakest: Liquidity: percentile 38 against peers, current ratio 1.31 against a median of 1.48.
Worth a closer look
- 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
Rustad Bygg AS had an operating margin of 4.3% and an equity ratio of 30.3% in 2025, and ranks 6,632 of 20,339 in Bygg og anlegg.
From 2024 to 2025: revenue grew by 119%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 1 MNOK and 9 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 6 MNOK |
| EV/EBIT | 8.0 | 9 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
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 0.3% 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
No anomalies found in 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
What the score is made of
| Profitability | 59 | weight 30% |
|---|---|---|
| Solidity | 42 | weight 25% |
| Liquidity | 38 | weight 15% |
| Growth | 96 | weight 15% |
| Consistency | 73 | weight 15% |
Durability: 54 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Rustad Bygg AS?
The operating margin was 4.3% in 2025, against a median of 4.5% among companies in the Morning class Small in the same sector. Return on assets was 18.9%.
How solid is Rustad Bygg AS?
The equity ratio was 30.3% in 2025 (median 34.1%). Debt-to-equity was 2.30 (median 1.72).
What is the liquidity of Rustad Bygg AS like?
The current ratio was 1.31 in 2025 (median 1.48).
How does Rustad Bygg AS compare in Bygg og anlegg?
Rustad Bygg AS ranks 6,632 of 20,339 in Bygg og anlegg for 2025. Among companies in the Morning class Small it is number 1,802 of 5,557. Revenue changed by 119.3% from the year before.
From the Central Coordinating Register
- Org. no.
- 929343085
- Legal form
- AS
- Sector
- Bygg og anlegg (43.340)
- Morning company class
- Small
- Employees
- 17 registered 10 October 2026
- Founded
- 10 May 2022 4 years in operation
- Share capital
- 0.03 MNOK
- Business address
- Rustadgata 36, 3187 HORTEN
- Municipality
- Horten rank 20–27 of 27 in KOSTRA group 9
- Latest accounts filed
- 2025
- Website
- www.rustadbygg.no
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
- Bernt Ove Finsveen
- Chair of the board
- Bernt Ove Finsveen
- Auditor
- Bdt Viken 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 | 41 | 61 | 59 | |
| Rank | 11,786 | 5,627 | 6,632 | |
| Operating margin | 4.5% | 5.9% | 4.3% | |
| Return on assets | 18.2% | 25.8% | 18.9% | |
| Equity ratio | 21.6% | 34.8% | 30.3% | |
| Current ratio | 0.75 | 1.17 | 1.31 | |
| Revenue growth | – | 51.9% | 119.3% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 5.0 MNOK | 7.6 MNOK | 16.7 MNOK |
| Operating profit | 0.2 MNOK | 0.5 MNOK | 0.7 MNOK |
| Profit before tax | 0.2 MNOK | 0.4 MNOK | 0.7 MNOK |
| Net profit | 0.2 MNOK | 0.3 MNOK | 0.6 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Total assets | 1.2 MNOK | 1.7 MNOK | 3.8 MNOK |
| Current assets | 0.7 MNOK | 1.3 MNOK | 3.5 MNOK |
| Equity | 0.3 MNOK | 0.6 MNOK | 1.2 MNOK |
| Retained earnings | 0.2 MNOK | 0.6 MNOK | 1.1 MNOK |
| Total liabilities | 1.0 MNOK | 1.1 MNOK | 2.7 MNOK |
| Current liabilities | 1.0 MNOK | 1.1 MNOK | 2.7 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 27 October 2026, accounts id 7094017.
Further
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