ZE BRA VEI AS

Org. no. 950420103 · MOSS · Founded 1989 · 66 employees

Score · fiscal year 2024

80of 100

How to read this: the company is ahead of 96 % of medium-sized companies in the same sector in 2024. What does this mean?

Rank: 1,272 of 31,119 · Bygg og anlegg

Profile

Lion · Leader

High profitability, high solidity

Position against comparable companies in 2024, not a verdict on the company. Based on profitability 86 and solidity 77 out of 100 among medium-sized companies in the same sector in 2024. Methodology

Against the sector

ZE BRA VEI AS is 30 points above 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 8.3% (median 4.6%) and equity ratio 45.8% (median 30.4%).

Source: Register of Company Accounts and Central Coordinating RegisterFetched 28 October 2026Report an issue
Key figures · 2024

The numbers behind the score

The numbers behind the score · 2024
MeasureCompanyMedianAhead of
Operating revenue247 MNOK171 MNOK
Operating margin 8.3% 4.6% 75 %
Profit margin 8.6% 4.8% shown, not part of the index
Return on assets 43.2% 11.1% 98 %
Equity ratio 45.8% 30.4% 77 %
Debt-to-equity 1.18 2.26 77 %
Current ratio 2.32 1.35 89 %
Revenue growth 59.3% 5.7% 92 %
Revenue per employee3.75 MNOK2.96 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 80, ZE BRA VEI AS does better than 96% of medium-sized companies in the same sector (1,015 companies) in 2024.

Over time

Score 2023–2025

CompanyMedian0255075100202320242025
  • ZE BRA VEI AS
  • Median: medium-sized companies in the same sector
Analysis · 2024

What the numbers say

ZE BRA VEI AS had an operating margin of 8.3% and an equity ratio of 45.8% in 2024, and ranks 1,272 of 31,119 in Bygg og anlegg.

From 2023 to 2024: went from a loss to a profit before tax and the operating margin rose from −6.2% to 8.3%.

This text is generated automatically from the 2024 accounts.

Estimated value · 2024

Three simple methods

The methods give between 26 MNOK and 200 MNOK.

MethodInputMultipleEstimate
P/E Net profit: 16.7 MNOK 10.0 167 MNOK
EV/EBIT Operating profit: 20.5 MNOK
minus net debt −35.6 MNOK
8.0 200 MNOK
P/B Equity: 25.9 MNOK 1.0 26 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

Indications · 2024

Worth a closer look

  • positive

    Upper quartile on profitability, solidity and liquidity. What sets this company apart from the rest of the sector?

    Based on: Operating margin 8.3% (median 4.6%); Equity ratio 45.8% (median 30.4%); Current ratio 2.32 (median 1.35).

Indications based on the latest annual accounts from open data. Not investment or financial advice.

Financial costs were 10.4% 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.

Stress test · 2022

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

Components · 2024

What the score is made of

Profitability86 weight 30%
Solidity77 weight 25%
Liquidity89 weight 15%
Growth92 weight 15%
Consistency51 weight 15%

Durability: 59 (average over 2 years)

Index version 2. Data completeness 100%: the share of the weights that had data.

2024

Questions and answers

How profitable is ZE BRA VEI AS?

The operating margin was 8.3% in 2024, against a median of 4.6% among medium-sized companies in the same sector. Return on assets was 43.2%.

How solid is ZE BRA VEI AS?

The equity ratio was 45.8% in 2024 (median 30.4%). Debt-to-equity was 1.18 (median 2.26).

What is the liquidity of ZE BRA VEI AS like?

The current ratio was 2.32 in 2024 (median 1.35).

How does ZE BRA VEI AS compare in Bygg og anlegg?

ZE BRA VEI AS ranks 1,272 of 31,119 in Bygg og anlegg for 2024. Among companies of the same size (medium-sized companies) it ranks 37 of 1,015. Revenue changed by 59.3% from the year before.

Public contracts

Contracts awarded since 2024
3
Total awarded value since 2024
value not stated
2 contracts without a stated value are not in the total.
Framework agreements
1
Left out of the total: the value is a ceiling, not actual spend.
DateBuyerNotice ValueCPV
25 March 2025 Trøndelag fylkeskommune Vegoppmerking, langs- og tverrgående 2025-2027 Trøndelag fylkeskommune value not stated 45233210
29 May 2024 Statens vegvesen Europa- og riksveger Statens vegvesen Langsgående og tverrgående vegoppmerking 2024 - 2026 value not stated 45233221
29 April 2024 Statens vegvesen Vegoppmerking nord 2024-2025 value not stated 45000000
27 April 2023 Viken Vest Innkjøpssamarbeid (VVI) (2022/12742) Veioppmerking, rammeavtale 7.5 MNOK 50000000
12 May 2022 Nordland fylkeskommune Vegmerking 2022-2025, Nordland 67.1 MNOK 45000000
26 April 2021 Statens vegvesen Vegoppmerking Europa- og riksveger Nordland, Troms og Finnmark 2021-2022 49.4 MNOK 45000000
10 October 2019 Statens vegvesen Vegoppmerking sprayplast fylkesveg Troms og Finnmark 2019-2021 value not stated 45000000
1 October 2019 Statens vegvesen Vegoppmerking tverrgående riksveg region nord 2019-2020 value not stated 45000000
1 October 2019 Statens vegvesen Vegoppmerking tverrgående fylkesveg Troms og Finnmark 2019-2021 value not stated 45000000
4 June 2019 Statens vegvesen Vegoppmerking maling og sprayplast riksveg nord 2019 value not stated 45000000

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 28 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.
950420103
Legal form
AS
Sector
Bygg og anlegg (42.110)
Size tier
medium
Employees
66 registered 10 October 2026
Founded
2 January 1989 37 years in operation
Share capital
3.00 MNOK
Business address
Solgaard skog 116, 1599 MOSS
Municipality
Moss rank 4–9 of 10 in KOSTRA group 11
Latest accounts filed
2025
Website
www.zebra.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
Martin Fledsberg Vatne
Chair of the board
Martin Fledsberg Vatne
Auditor
BDO AS
Accountant
ENORA 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.

Report an issue

Figures last fetched 28 October 2026.

Details

Year by year · 2023–2025

Key figure202320242025Trend
Index388067
Rank19,8551,2725,649
Operating margin−6.2%8.3%8.9%
Return on assets−12.5%43.2%42.2%
Equity ratio34.7%45.8%36.9%
Current ratio1.862.321.79
Revenue growth–59.3%12.7%

Accounts

From the Brønnøysund Register Centre, in the company's reporting currency (NOK).

Key figure202320242025
Operating revenue155.2 MNOK247.2 MNOK278.6 MNOK
Operating profit−9.6 MNOK20.5 MNOK24.8 MNOK
Profit before tax−8.6 MNOK21.2 MNOK26.1 MNOK
Net profit−6.7 MNOK16.7 MNOK20.4 MNOK
Financial expenses2.2 MNOK3.2 MNOK3.0 MNOK
Total assets51.3 MNOK56.6 MNOK68.8 MNOK
Current assets45.4 MNOK54.7 MNOK61.3 MNOK
Equity17.8 MNOK25.9 MNOK25.4 MNOK
Retained earnings2.1 MNOK10.3 MNOK9.8 MNOK
Total liabilities33.5 MNOK30.7 MNOK43.4 MNOK
Current liabilities24.4 MNOK23.6 MNOK34.2 MNOK

Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 28 October 2026, accounts id 6093967.

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