KISA AS
Score · fiscal year 2025
39of 100
How to read this: the company is ahead of 31 % of small companies in the same sector in 2025. What does this mean?
Rank: 22,830 of 32,581 · 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 66 and solidity 12 out of 100 among small companies in the same sector in 2025. Methodology
Against the sector
KISA AS is 11 points below the median for small companies in the same sector in 2025.
Median score 50 among 31,471 companies.
Against small companies in the same sector in 2025: operating margin 26.4% (median 3.7%) and equity ratio 4.0% (median 36.5%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 4 MNOK | 3 MNOK |
| Operating margin | 26.4% | 3.7% |
| Profit margin | 18.9% | 3.4% |
| Return on assets | 2.7% | 5.7% |
| Equity ratio | 4.0% | 36.5% |
| Debt-to-equity | 24.29 | 1.20 |
| Current ratio | 1.30 | 1.45 |
| Revenue growth | −41.9% | 3.0% |
The median and “ahead of” refer to small companies in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 39, KISA AS does better than 31% of small companies in the same sector (31,719 companies) in 2025.
Score 2023–2025
- KISA AS
- Median: small companies in the same sector
KISA AS has a score of 39 for 2025, rank 22,830 of 32,581 in the sector.
Strongest: Profitability: percentile 66 against peers, operating margin 26.4% against a median of 3.7%.
Weakest: Growth: percentile 11 against peers, revenue growth −41.9% against a median of 3.0%. Solidity: percentile 12 against peers, equity ratio 4.0% against a median of 36.5%.
Worth a closer look
- The equity ratio is very low. Could the company absorb a bad year, and does it need more equity? Based on: equity ratio 4.0% (median 36.5%).
- 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
KISA AS had an operating margin of 26.4% and an equity ratio of 4.0% in 2025, and ranks 22,830 of 32,581 in Bygg og anlegg.
From 2024 to 2025: revenue fell by 42% and the operating margin rose from 19.9% to 26.4%.
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
- watch
The equity ratio is very low. Could the company absorb a bad year, and does it need more equity?
Based on: Equity ratio 4.0% (median 36.5%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
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 | 66 | weight 30% |
|---|---|---|
| Solidity | 12 | weight 25% |
| Liquidity | 44 | weight 15% |
| Growth | 11 | weight 15% |
| Consistency | 53 | weight 15% |
Durability: 38 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is KISA AS?
The operating margin was 26.4% in 2025, against a median of 3.7% among small companies in the same sector. Return on assets was 2.7%.
How solid is KISA AS?
The equity ratio was 4.0% in 2025 (median 36.5%). Debt-to-equity was 24.29 (median 1.20).
What is the liquidity of KISA AS like?
The current ratio was 1.30 in 2025 (median 1.45).
How does KISA AS compare in Bygg og anlegg?
KISA AS ranks 22,830 of 32,581 in Bygg og anlegg for 2025. Among companies of the same size (small companies) it ranks 22,008 of 31,719. Revenue changed by −41.9% 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.
- 944014365
- Legal form
- AS · part of a group
- Sector
- Bygg og anlegg (41.000)
- Size tier
- small
- Employees
- 0–4 (not registered)
- Founded
- 22 July 1987 39 years in operation
- Share capital
- 0.10 MNOK
- Business address
- Sørlandske hovedvei 313, 3270 LARVIK
- Municipality
- Larvik rank 4 of 10 in KOSTRA group 11
- 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
- Lars Thunberg
- Chair of the board
- Lars Thunberg
- Auditor
- HENKA REVISJON AS
- Accountant
- LARVIK REGNSKAPSBYRÅ 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 28 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 33 | 42 | 39 | |
| Rank | 21,700 | 20,419 | 22,830 | |
| Operating margin | 15.4% | 19.9% | 26.4% | |
| Return on assets | 7.2% | 10.6% | 2.7% | |
| Equity ratio | 5.9% | 8.0% | 4.0% | |
| Current ratio | 0.34 | 0.28 | 1.30 | |
| Revenue growth | – | −12.4% | −41.9% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 8.3 MNOK | 7.3 MNOK | 4.2 MNOK |
| Operating profit | 1.3 MNOK | 1.5 MNOK | 1.1 MNOK |
| Profit before tax | 1.0 MNOK | 1.1 MNOK | 0.8 MNOK |
| Net profit | 0.7 MNOK | 0.8 MNOK | 0.6 MNOK |
| Financial expenses | 0.4 MNOK | 0.4 MNOK | – |
| Total assets | 19.3 MNOK | 14.2 MNOK | 29.4 MNOK |
| Current assets | 2.7 MNOK | 0.5 MNOK | 2.9 MNOK |
| Equity | 1.1 MNOK | 1.1 MNOK | 1.2 MNOK |
| Retained earnings | −0.8 MNOK | – | 0.0 MNOK |
| Total liabilities | 18.1 MNOK | 13.0 MNOK | 28.2 MNOK |
| Current liabilities | 8.0 MNOK | 1.8 MNOK | 2.3 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 28 October 2026, accounts id 6983976.
Further
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