Starco Norge AS
Score · fiscal year 2025
64of 100
How to read this: the company is ahead of 80 % of companies in the Morning class Large in the same sector in 2025. What does this mean?
Rank in the Morning class Large: 110 of 541 · What are Morning company classes?
Place in the whole sector: 5,476 of 22,952 · Handel
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 91 and solidity 51 out of 100 among companies in the Morning class Large in the same sector in 2025. Methodology
Against the sector
Starco Norge AS is 14 points above the median for companies in the Morning class Large in the same sector in 2025.
Median score 50 among 541 companies.
Against companies in the Morning class Large in the same sector in 2025: operating margin 12.5% (median 2.5%) and equity ratio 31.4% (median 30.9%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 1,040 MNOK | 1,119 MNOK |
| Operating margin | 12.5% | 2.5% |
| Profit margin | 13.0% | 2.5% |
| Return on assets | 23.0% | 10.2% |
| Equity ratio | 31.4% | 30.9% |
| Debt-to-equity | 2.19 | 2.23 |
| Current ratio | 1.43 | 1.30 |
| Revenue growth | 6.9% | 6.9% |
| Revenue per employee | 17.33 MNOK | 12.49 MNOK |
The median and “ahead of” refer to companies in the Morning class Large in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 64, Starco Norge AS does better than 80% of companies in the Morning class Large in the same sector (541 companies) in 2025.
Score 2023–2025
- Starco Norge AS
- Median: companies in the Morning class Large in the same sector
Starco Norge AS has a score of 64 for 2025, rank 5,476 of 22,952 in the sector.
Strongest: Profitability: percentile 91 against peers, operating margin 12.5% against a median of 2.5%. Liquidity: percentile 60 against peers, current ratio 1.43 against a median of 1.30.
No area is clearly below its peers.
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
Starco Norge AS had an operating margin of 12.5% and an equity ratio of 31.4% in 2025, and ranks 5,476 of 22,952 in Handel.
From 2024 to 2025: the operating margin rose from 10.3% to 12.5%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 185 MNOK and 1,058 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 1,058 MNOK |
| EV/EBIT | 8.0 | 1,048 MNOK |
| P/B | 1.0 | 185 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.
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 2022, the sector's weakest year, for this company.
The sector's weakest year was 2022, with a median operating margin of 1.5%. Based on the 11 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 91 | weight 30% |
|---|---|---|
| Solidity | 51 | weight 25% |
| Liquidity | 60 | weight 15% |
| Growth | 50 | weight 15% |
| Consistency | 48 | weight 15% |
Durability: 62 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Starco Norge AS?
The operating margin was 12.5% in 2025, against a median of 2.5% among companies in the Morning class Large in the same sector. Return on assets was 23.0%.
How solid is Starco Norge AS?
The equity ratio was 31.4% in 2025 (median 30.9%). Debt-to-equity was 2.19 (median 2.23).
What is the liquidity of Starco Norge AS like?
The current ratio was 1.43 in 2025 (median 1.30).
How does Starco Norge AS compare in Handel?
Starco Norge AS ranks 5,476 of 22,952 in Handel for 2025. Among companies in the Morning class Large it is number 110 of 541. Revenue changed by 6.9% from the year before.
Group accounts
The company is registered as part of a group, but we have no group accounts for it. Group accounts are filed by the parent company, and open data does not say which company that is.
Read the figures with care: a company in a group can look strong because of group contributions, or weak because dividends go up to the parent. The figures are indications, not the full picture.
We do not show the group structure, because open data does not say who owns whom.
From the Central Coordinating Register
- Org. no.
- 934531345
- Legal form
- AS · part of a group
- Sector
- Handel (46.720)
- Morning company class
- Large
- Employees
- 60 registered 10 September 2026
- Founded
- 29 May 1968 58 years in operation
- Share capital
- 16.00 MNOK
- Business address
- Brages veg 15, 2060 GARDERMOEN (ULLENSAKER)
- Municipality
- Ullensaker rank 4–12 of 13 in KOSTRA group 10
- Latest accounts filed
- 2025
- Website
- www.starco.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
- Jens Kristian Henriksen
- Chair of the board
- Kai Patrick Bergander
- Board member
- Thord Peter Karsberg
- Auditor
- Pricewaterhousecoopers 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 | 55 | 69 | 64 | |
| Rank | 9,021 | 3,711 | 5,476 | |
| Operating margin | 6.2% | 10.3% | 12.5% | |
| Return on assets | 9.5% | 20.7% | 23.0% | |
| Equity ratio | 27.8% | 34.6% | 31.4% | |
| Current ratio | 1.32 | 1.49 | 1.43 | |
| Revenue growth | – | 4.1% | 6.9% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 934.6 MNOK | 972.8 MNOK | 1,039.9 MNOK |
| Operating profit | 57.7 MNOK | 100.4 MNOK | 130.2 MNOK |
| Profit before tax | 45.8 MNOK | 96.9 MNOK | 135.7 MNOK |
| Net profit | 34.8 MNOK | 76.7 MNOK | 105.8 MNOK |
| Financial expenses | 13.2 MNOK | 11.0 MNOK | – |
| Total assets | 619.6 MNOK | 521.3 MNOK | 589.2 MNOK |
| Current assets | 572.9 MNOK | 482.6 MNOK | 549.2 MNOK |
| Equity | 172.2 MNOK | 180.3 MNOK | 184.7 MNOK |
| Retained earnings | 99.7 MNOK | 107.8 MNOK | 112.3 MNOK |
| Total liabilities | 447.4 MNOK | 341.0 MNOK | 404.5 MNOK |
| Current liabilities | 435.6 MNOK | 324.8 MNOK | 383.8 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 27 October 2026, accounts id 6909986.
Further
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