Sandstulen AS
Score · fiscal year 2023
67of 100
How to read this: the company is ahead of 75 % of companies in the Morning class Small in the same sector in 2023. What does this mean?
Rank in the Morning class Small: 1,259 of 5,108 · What are Morning company classes?
Place in the whole sector: 4,594 of 18,347 · Bygg og anlegg
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2023, not a verdict on the company. Based on profitability 49 and solidity 81 out of 100 among companies in the Morning class Small in the same sector in 2023. Methodology
Against the sector
Sandstulen AS is 16 points above the median for companies in the Morning class Small in the same sector in 2023.
Median score 51 among 5,108 companies.
Against companies in the Morning class Small in the same sector in 2023: operating margin 6.9% (median 5.0%) and equity ratio 55.2% (median 34.1%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 15 MNOK | 19 MNOK |
| Operating margin | 6.9% | 5.0% |
| Profit margin | 9.4% | 4.7% |
| Return on assets | 7.2% | 11.6% |
| Equity ratio | 55.2% | 34.1% |
| Debt-to-equity | 0.81 | 1.80 |
| Current ratio | 1.70 | 1.46 |
| Revenue growth | – | 3.3% |
| Revenue per employee | 2.56 MNOK | 1.66 MNOK |
The median and “ahead of” refer to companies in the Morning class Small in the same sector in 2023. The bar shows the share of companies the figure is ahead of.
With an index of 67, Sandstulen AS does better than 75% of companies in the Morning class Small in the same sector (5,108 companies) in 2023.
Score 2023–2025
- Sandstulen AS
- Median: companies in the Morning class Small in the same sector
What the numbers say
Sandstulen AS had an operating margin of 6.9% and an equity ratio of 55.2% in 2023, and ranks 4,594 of 18,347 in Bygg og anlegg.
This text is generated automatically from the 2023 accounts.
Three simple methods
The methods give between 11 MNOK and 20 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 11 MNOK |
| EV/EBIT | 8.0 | 20 MNOK |
| P/B | 1.0 | 11 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 0.0% of the debt in 2023. The policy rate averaged 3.54 % the same year. This is a plain description of what the debt cost, not a model of interest sensitivity.
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 2021, the sector's weakest year, for this company.
The sector's weakest year was 2021, with a median operating margin of 1.8%. 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 | 49 | weight 30% |
|---|---|---|
| Solidity | 81 | weight 25% |
| Liquidity | 65 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 82 | weight 15% |
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is Sandstulen AS?
The operating margin was 6.9% in 2023, against a median of 5.0% among companies in the Morning class Small in the same sector. Return on assets was 7.2%.
How solid is Sandstulen AS?
The equity ratio was 55.2% in 2023 (median 34.1%). Debt-to-equity was 0.81 (median 1.80).
What is the liquidity of Sandstulen AS like?
The current ratio was 1.70 in 2023 (median 1.46).
How does Sandstulen AS compare in Bygg og anlegg?
Sandstulen AS ranks 4,594 of 18,347 in Bygg og anlegg for 2023. Among companies in the Morning class Small it is number 1,259 of 5,108.
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.
- 960803337
- Legal form
- AS · part of a group
- Sector
- Bygg og anlegg (43.120)
- Morning company class
- Small
- Employees
- 6 registered 10 February 2026
- Founded
- 2 May 1991 35 years in operation
- Share capital
- 0.62 MNOK
- Business address
- v/Arne Grimsrud, Måkrudgutua 99, 2636 ØYER
- Municipality
- Øyer rank 9–14 of 18 in KOSTRA group 2
- 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
- Arne Grimsrud
- Chair of the board
- Arne Grimsrud
- Auditor
- Valentor Revisjon 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 | 67 | 50 | 64 | |
| Rank | 4,594 | 9,733 | 4,698 | |
| Operating margin | 6.9% | −1.0% | 7.7% | |
| Return on assets | 7.2% | 1.9% | 6.1% | |
| Equity ratio | 55.2% | 61.8% | 55.9% | |
| Current ratio | 1.70 | 1.93 | 1.89 | |
| Revenue growth | – | −31.2% | 14.4% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 15.3 MNOK | 10.5 MNOK | 12.1 MNOK |
| Operating profit | 1.1 MNOK | −0.1 MNOK | 0.9 MNOK |
| Profit before tax | 1.4 MNOK | 0.2 MNOK | 1.3 MNOK |
| Net profit | 1.1 MNOK | 0.2 MNOK | 1.0 MNOK |
| Financial expenses | 0.0 MNOK | 0.1 MNOK | 0.0 MNOK |
| Total assets | 19.9 MNOK | 18.1 MNOK | 20.7 MNOK |
| Current assets | 15.0 MNOK | 13.3 MNOK | 17.2 MNOK |
| Equity | 11.0 MNOK | 11.2 MNOK | 11.6 MNOK |
| Retained earnings | 10.1 MNOK | 10.3 MNOK | 10.7 MNOK |
| Total liabilities | 8.9 MNOK | 6.9 MNOK | 9.1 MNOK |
| Current liabilities | 8.8 MNOK | 6.9 MNOK | 9.1 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 28 October 2026, accounts id 5185335.
Further
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