NORDENGEN AS
Score · fiscal year 2024
39of 100
How to read this: the company is ahead of 28 % of medium-sized companies in the same sector in 2024. What does this mean?
Rank: 21,703 of 31,127 · Bygg og anlegg
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 50 and solidity 22 out of 100 among medium-sized companies in the same sector in 2024. Methodology
Against the sector
NORDENGEN AS is 11 points below the median for medium-sized companies in the same sector in 2024.
Median score 50 among 1,015 companies.
Against medium-sized companies in the same sector in 2024: operating margin 5.0% (median 4.6%) and equity ratio 20.0% (median 30.4%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 155 MNOK | 171 MNOK |
| Operating margin | 5.0% | 4.6% |
| Profit margin | 5.6% | 4.8% |
| Return on assets | 10.3% | 11.1% |
| Equity ratio | 20.0% | 30.4% |
| Debt-to-equity | 4.01 | 2.26 |
| Current ratio | 1.08 | 1.35 |
| Revenue growth | 16.3% | 5.7% |
| Revenue per employee | 4.30 MNOK | 2.96 MNOK |
The median and “ahead of” refer to medium-sized companies in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
With an index of 39, NORDENGEN AS does better than 28% of medium-sized companies in the same sector (1,015 companies) in 2024.
Score 2023–2025
- NORDENGEN AS
- Median: medium-sized companies in the same sector
What the numbers say
NORDENGEN AS had an operating margin of 5.0% and an equity ratio of 20.0% in 2024, and ranks 21,703 of 31,127 in Bygg og anlegg.
From 2023 to 2024: the equity ratio fell from 38.7% to 20.0% and revenue grew by 16%.
This text is generated automatically from the 2024 accounts.
Three simple methods
The methods give between 17 MNOK and 65 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 65 MNOK |
| EV/EBIT | 8.0 | 61 MNOK |
| P/B | 1.0 | 17 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 0.1% 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.
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 2.5%. 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 | 50 | weight 30% |
|---|---|---|
| Solidity | 22 | weight 25% |
| Liquidity | 21 | weight 15% |
| Growth | 68 | weight 15% |
| Consistency | 36 | weight 15% |
Durability: 52 (average over 2 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is NORDENGEN AS?
The operating margin was 5.0% in 2024, against a median of 4.6% among medium-sized companies in the same sector. Return on assets was 10.3%.
How solid is NORDENGEN AS?
The equity ratio was 20.0% in 2024 (median 30.4%). Debt-to-equity was 4.01 (median 2.26).
What is the liquidity of NORDENGEN AS like?
The current ratio was 1.08 in 2024 (median 1.35).
How does NORDENGEN AS compare in Bygg og anlegg?
NORDENGEN AS ranks 21,703 of 31,127 in Bygg og anlegg for 2024. Among companies of the same size (medium-sized companies) it ranks 732 of 1,015. Revenue changed by 16.3% from the year before.
Public contracts
- Contracts awarded since 2024
- 2
- in 1 notices (lots counted separately)
- Total awarded value since 2024
- value not stated
- Framework agreements
- 2
- Left out of the total: the value is a ceiling, not actual spend.
| Date | Buyer | Notice | Value |
|---|---|---|---|
| 2 May 2025 | Øvre Romerike Innkjøpssamarbeid | Elektrikertjenester Eidsvoll kommune | 0.1 MNOK (framework) (2 lots) |
| 28 March 2023 | Øvre Romerike Innkjøpssamarbeid | Automasjonselektriker | value not stated |
| 10 June 2021 | Øvre Romerike Innkjøpssamarbeid | Elektrikertjenester, rammeavtale 2020-108 | 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.
- 931561537
- Legal form
- AS
- Sector
- Bygg og anlegg (43.210)
- Size tier
- medium
- Employees
- 36 registered 10 October 2026
- Founded
- 22 February 1982 44 years in operation
- Share capital
- 0.19 MNOK
- Business address
- Nannestadvegen 220, 2030 NANNESTAD
- Municipality
- Nannestad rank 14–37 of 38 in KOSTRA group 7
- 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
- Alexander Hope
- Chair of the board
- Thorleif Haug
- Board member
- Harald Georg Løvstad
- Auditor
- BDO AS
- Accountant
- AKTIVA REGNSKAP AS
Source: Central Coordinating Register, fetched 25 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 | 64 | 39 | 14 | |
| Rank | 7,805 | 21,703 | 30,451 | |
| Operating margin | 5.4% | 5.0% | −19.5% | |
| Return on assets | 9.5% | 10.3% | −37.3% | |
| Equity ratio | 38.7% | 20.0% | 14.3% | |
| Current ratio | 1.37 | 1.08 | 1.12 | |
| Revenue growth | – | 16.3% | 1.1% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 133.2 MNOK | 155.0 MNOK | 156.6 MNOK |
| Operating profit | 7.2 MNOK | 7.7 MNOK | −30.6 MNOK |
| Profit before tax | 7.4 MNOK | 8.7 MNOK | −30.5 MNOK |
| Net profit | 5.8 MNOK | 6.5 MNOK | −26.0 MNOK |
| Financial expenses | 0.1 MNOK | 0.0 MNOK | 0.4 MNOK |
| Total assets | 78.9 MNOK | 85.1 MNOK | 81.0 MNOK |
| Current assets | 64.5 MNOK | 73.1 MNOK | 76.6 MNOK |
| Equity | 30.5 MNOK | 17.0 MNOK | 11.6 MNOK |
| Retained earnings | 28.6 MNOK | 15.1 MNOK | – |
| Total liabilities | 48.4 MNOK | 68.2 MNOK | 69.4 MNOK |
| Current liabilities | 47.0 MNOK | 67.4 MNOK | 68.4 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 27 October 2026, accounts id 5978973.
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