SIBONOR AS
Score · fiscal year 2025
44of 100
How to read this: the company is ahead of 38 % of companies in the Morning class Small in the same sector in 2025. What does this mean?
Rank in the Morning class Small: 4,603 of 7,418 · What are Morning company classes?
Place in the whole sector: 14,131 of 23,065 · Handel
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 67 and solidity 35 out of 100 among companies in the Morning class Small in the same sector in 2025. Methodology
Against the sector
SIBONOR AS is 7 points below the median for companies in the Morning class Small in the same sector in 2025.
Median score 51 among 7,418 companies.
Against companies in the Morning class Small in the same sector in 2025: operating margin 6.9% (median 3.4%) and equity ratio 25.9% (median 36.3%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 44 MNOK | 20 MNOK |
| Operating margin | 6.9% | 3.4% |
| Profit margin | 6.9% | 3.0% |
| Return on assets | 14.2% | 10.0% |
| Equity ratio | 25.9% | 36.3% |
| Debt-to-equity | 2.86 | 1.52 |
| Current ratio | 1.49 | 1.73 |
| Revenue growth | −19.3% | 5.7% |
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 44, SIBONOR AS does better than 38% of companies in the Morning class Small in the same sector (7,418 companies) in 2025.
Score 2023–2025
- SIBONOR AS
- Median: companies in the Morning class Small in the same sector
SIBONOR AS has a score of 44 for 2025, rank 14,131 of 23,065 in the sector.
Strongest: Profitability: percentile 67 against peers, operating margin 6.9% against a median of 3.4%.
Weakest: Growth: percentile 7 against peers, revenue growth −19.3% against a median of 5.7%. Solidity: percentile 35 against peers, equity ratio 25.9% against a median of 36.3%.
Worth a closer look
- What lies behind weak growth, and will it last?
- What lies behind weak solidity, 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
SIBONOR AS had an operating margin of 6.9% and an equity ratio of 25.9% in 2025, and ranks 14,131 of 23,065 in Handel.
From 2024 to 2025: the equity ratio rose from 13.3% to 25.9% and revenue fell by 19%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 6 MNOK and 27 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 23 MNOK |
| EV/EBIT | 8.0 | 27 MNOK |
| P/B | 1.0 | 6 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 1.0% 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.
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 | 67 | weight 30% |
|---|---|---|
| Solidity | 35 | weight 25% |
| Liquidity | 40 | weight 15% |
| Growth | 7 | weight 15% |
| Consistency | 57 | weight 15% |
Durability: 50 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is SIBONOR AS?
The operating margin was 6.9% in 2025, against a median of 3.4% among companies in the Morning class Small in the same sector. Return on assets was 14.2%.
How solid is SIBONOR AS?
The equity ratio was 25.9% in 2025 (median 36.3%). Debt-to-equity was 2.86 (median 1.52).
What is the liquidity of SIBONOR AS like?
The current ratio was 1.49 in 2025 (median 1.73).
How does SIBONOR AS compare in Handel?
SIBONOR AS ranks 14,131 of 23,065 in Handel for 2025. Among companies in the Morning class Small it is number 4,603 of 7,418. Revenue changed by −19.3% from the year before.
From the Central Coordinating Register
- Org. no.
- 937606605
- Legal form
- AS
- Sector
- Handel (46.860)
- Morning company class
- Small
- Employees
- 0–4 (not registered)
- Founded
- 2 January 1986 40 years in operation
- Share capital
- 0.10 MNOK
- Business address
- Gardermoen Business Centre, 2060 GARDERMOEN (ULLENSAKER)
- Municipality
- Ullensaker rank 4–12 of 13 in KOSTRA group 10
- Latest accounts filed
- 2025
- LEI
- 2549004M93BHEEXN4C43 not renewed (lapsed)
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
- Sven Ivar Borgen
- Chair of the board
- Sven Ivar Borgen
- Deputy member
- Ingrid Røsrud Borgen
- Auditor
- HØILUND REVISJON AS
- Accountant
- CONNECT REGNSKAP 2 AS
Source: Central Coordinating Register, fetched 29 October 2026. Only names are shown.
- Parent company
- No parent company: owned by persons
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 29 October 2026. The parent is the one the company itself reported to GLEIF.
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 28 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 64 | 40 | 44 | |
| Rank | 6,140 | 15,099 | 14,131 | |
| Operating margin | 4.9% | 6.7% | 6.9% | |
| Return on assets | 25.5% | 14.9% | 14.2% | |
| Equity ratio | 32.0% | 13.3% | 25.9% | |
| Current ratio | 1.47 | 1.33 | 1.49 | |
| Revenue growth | – | −1.8% | −19.3% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 55.4 MNOK | 54.4 MNOK | 43.9 MNOK |
| Operating profit | 2.7 MNOK | 3.7 MNOK | 3.0 MNOK |
| Profit before tax | 2.8 MNOK | 3.8 MNOK | 3.0 MNOK |
| Net profit | 2.2 MNOK | 2.9 MNOK | 2.3 MNOK |
| Financial expenses | 0.1 MNOK | 0.1 MNOK | 0.2 MNOK |
| Total assets | 11.0 MNOK | 26.0 MNOK | 22.5 MNOK |
| Current assets | 11.0 MNOK | 26.0 MNOK | 22.4 MNOK |
| Equity | 3.5 MNOK | 3.5 MNOK | 5.8 MNOK |
| Retained earnings | 3.4 MNOK | 3.4 MNOK | 5.7 MNOK |
| Total liabilities | 7.5 MNOK | 22.5 MNOK | 16.6 MNOK |
| Current liabilities | 7.5 MNOK | 19.5 MNOK | 15.1 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 28 October 2026, accounts id 6856330.
Further
Similar companies
- SKEIDAR STEINKJER AS index 44, rank 14,129 · compare
- TRELASTEN ELVERUM AS index 44, rank 14,133 · compare
- AMUNDSEN SPORT AS index 44, rank 14,134 · compare
- REOLFAG AS index 44, rank 14,135 · compare
- MØBELGALLERIET TELEMARK AS index 44, rank 14,137 · compare