Sirkel Materialgjenvinning AS
Score · fiscal year 2025
80of 100
How to read this: the company is ahead of 98 % of companies in the Morning class Medium in the same sector in 2025. What does this mean?
Rank in the Morning class Medium: 3 of 94 · What are Morning company classes?
Place in the whole sector: 5 of 191 · Vann, avløp og renovasjon
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 74 and solidity 91 out of 100 among companies in the Morning class Medium in the same sector in 2025. Methodology
Against the sector
Sirkel Materialgjenvinning AS is 30 points above the median for companies in the Morning class Medium in the same sector in 2025.
Median score 50 among 94 companies.
Against companies in the Morning class Medium in the same sector in 2025: operating margin 16.9% (median 4.2%) and equity ratio 58.3% (median 32.6%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 88 MNOK | 129 MNOK |
| Operating margin | 16.9% | 4.2% |
| Profit margin | 13.4% | 2.9% |
| Return on assets | 6.1% | 5.6% |
| Equity ratio | 58.3% | 32.6% |
| Debt-to-equity | 0.71 | 2.01 |
| Current ratio | 5.57 | 1.31 |
| Revenue growth | 5.6% | 5.3% |
| Revenue per employee | 3.05 MNOK | 2.54 MNOK |
The median and “ahead of” refer to companies in the Morning class Medium in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 80, Sirkel Materialgjenvinning AS does better than 98% of companies in the Morning class Medium in the same sector (94 companies) in 2025.
Score 2023–2025
- Sirkel Materialgjenvinning AS
- Median: companies in the Morning class Medium in the same sector
Sirkel Materialgjenvinning AS has a score of 80 for 2025, rank 5 of 191 in the sector.
Strongest: Liquidity: percentile 100 against peers, current ratio 5.57 against a median of 1.31. Solidity: percentile 91 against peers, equity ratio 58.3% against a median of 32.6%.
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
Sirkel Materialgjenvinning AS had an operating margin of 16.9% and an equity ratio of 58.3% in 2025, and ranks 5 of 191 in Vann, avløp og renovasjon.
No large changes in the key figures from 2024 to 2025.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 84 MNOK and 169 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 93 MNOK |
| EV/EBIT | 8.0 | 84 MNOK |
| P/B | 1.0 | 169 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
- positive
Upper quartile on profitability, solidity and liquidity. What sets this company apart from the rest of the sector?
Based on: Operating margin 16.9% (median 4.2%); Equity ratio 58.3% (median 32.6%); Current ratio 5.57 (median 1.31).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 4.9% 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.
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 −1.1%. Based on the 4 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 74 | weight 30% |
|---|---|---|
| Solidity | 91 | weight 25% |
| Liquidity | 100 | weight 15% |
| Growth | 53 | weight 15% |
| Consistency | 84 | weight 15% |
Durability: 78 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Sirkel Materialgjenvinning AS?
The operating margin was 16.9% in 2025, against a median of 4.2% among companies in the Morning class Medium in the same sector. Return on assets was 6.1%.
How solid is Sirkel Materialgjenvinning AS?
The equity ratio was 58.3% in 2025 (median 32.6%). Debt-to-equity was 0.71 (median 2.01).
What is the liquidity of Sirkel Materialgjenvinning AS like?
The current ratio was 5.57 in 2025 (median 1.31).
How does Sirkel Materialgjenvinning AS compare in Vann, avløp og renovasjon?
Sirkel Materialgjenvinning AS ranks 5 of 191 in Vann, avløp og renovasjon for 2025. Among companies in the Morning class Medium it is number 3 of 94. Revenue changed by 5.6% from the year before.
From the Central Coordinating Register
- Org. no.
- 961984491
- Legal form
- AS
- Sector
- Vann, avløp og renovasjon (38.210)
- Morning company class
- Medium
- Employees
- 29 registered 10 September 2026
- Founded
- 2 October 1991 35 years in operation
- Share capital
- 0.97 MNOK
- Business address
- Kortbølgen 17, 1630 GAMLE FREDRIKSTAD
- Municipality
- Fredrikstad rank 11 of 11 in KOSTRA group 12
- Latest accounts filed
- 2025
- Website
- www.sirkel.no
- LEI
- 549300XNI2PI0TC00555 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
Loading roles …
Source: Central Coordinating Register, fetched 31 October 2026. Only names are shown.
- Parent company
- No known owner
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 30 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 4 November 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 77 | 76 | 80 | |
| Rank | 20 | 11 | 5 | |
| Operating margin | 16.4% | 17.3% | 16.9% | |
| Return on assets | 5.0% | 5.9% | 6.1% | |
| Equity ratio | 50.4% | 54.9% | 58.3% | |
| Current ratio | 6.23 | 6.24 | 5.57 | |
| Revenue growth | – | 8.1% | 5.6% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 77.5 MNOK | 83.7 MNOK | 88.4 MNOK |
| Operating profit | 12.7 MNOK | 14.5 MNOK | 15.0 MNOK |
| Profit before tax | 7.5 MNOK | 11.9 MNOK | 11.8 MNOK |
| Net profit | 5.9 MNOK | 9.3 MNOK | 9.3 MNOK |
| Financial expenses | 7.4 MNOK | 5.3 MNOK | 5.9 MNOK |
| Total assets | 298.4 MNOK | 291.1 MNOK | 289.8 MNOK |
| Current assets | 73.4 MNOK | 78.6 MNOK | 81.7 MNOK |
| Equity | 150.5 MNOK | 159.8 MNOK | 169.1 MNOK |
| Retained earnings | 149.5 MNOK | 158.8 MNOK | 168.1 MNOK |
| Total liabilities | 147.9 MNOK | 131.3 MNOK | 120.8 MNOK |
| Current liabilities | 11.8 MNOK | 12.6 MNOK | 14.7 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 4 November 2026, accounts id 6908850.
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