Kiesel Norge AS
Score · fiscal year 2025
66of 100
How to read this: the company is ahead of 80 % of companies in the Morning class Medium in the same sector in 2025. What does this mean?
Rank in the Morning class Medium: 741 of 3,712 · What are Morning company classes?
Place in the whole sector: 4,571 of 23,059 · Handel
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 59 and solidity 73 out of 100 among companies in the Morning class Medium in the same sector in 2025. Methodology
Against the sector
Kiesel Norge AS is 16 points above the median for companies in the Morning class Medium in the same sector in 2025.
Median score 50 among 3,712 companies.
Against companies in the Morning class Medium in the same sector in 2025: operating margin 2.4% (median 3.0%) and equity ratio 47.1% (median 30.0%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 150 MNOK | 93 MNOK |
| Operating margin | 2.4% | 3.0% |
| Profit margin | 2.4% | 2.8% |
| Return on assets | 20.2% | 11.6% |
| Equity ratio | 47.1% | 30.0% |
| Debt-to-equity | 1.12 | 2.24 |
| Current ratio | 1.88 | 1.39 |
| Revenue growth | 58.1% | 6.1% |
| Revenue per employee | 9.99 MNOK | 5.07 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 66, Kiesel Norge AS does better than 80% of companies in the Morning class Medium in the same sector (3,712 companies) in 2025.
Score 2023–2025
- Kiesel Norge AS
- Median: companies in the Morning class Medium in the same sector
Kiesel Norge AS has a score of 66 for 2025, rank 4,571 of 23,059 in the sector.
Strongest: Growth: percentile 93 against peers, revenue growth 58.1% against a median of 6.1%. Solidity: percentile 73 against peers, equity ratio 47.1% against a median of 30.0%.
Weakest: Consistency: percentile 37 against peers.
Worth a closer look
- What lies behind weak consistency, 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
Kiesel Norge AS had an operating margin of 2.4% and an equity ratio of 47.1% in 2025, and ranks 4,571 of 23,059 in Handel.
From 2024 to 2025: went from a loss to a profit before tax and revenue grew by 58%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 21 MNOK and 30 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 28 MNOK |
| EV/EBIT | 8.0 | 30 MNOK |
| P/B | 1.0 | 21 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 22.5% 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 1.5%. 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 | 59 | weight 30% |
|---|---|---|
| Solidity | 73 | weight 25% |
| Liquidity | 72 | weight 15% |
| Growth | 93 | weight 15% |
| Consistency | 37 | weight 15% |
Durability: 60 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Kiesel Norge AS?
The operating margin was 2.4% in 2025, against a median of 3.0% among companies in the Morning class Medium in the same sector. Return on assets was 20.2%.
How solid is Kiesel Norge AS?
The equity ratio was 47.1% in 2025 (median 30.0%). Debt-to-equity was 1.12 (median 2.24).
What is the liquidity of Kiesel Norge AS like?
The current ratio was 1.88 in 2025 (median 1.39).
How does Kiesel Norge AS compare in Handel?
Kiesel Norge AS ranks 4,571 of 23,059 in Handel for 2025. Among companies in the Morning class Medium it is number 741 of 3,712. Revenue changed by 58.1% 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.
Public contracts
- Contracts awarded since 2024
- 6
- in 5 notices (lots counted separately)
- Total awarded value since 2024
- 11.0 MNOK
- 3 contracts without a stated value are not in the total.
| Date | Buyer | Notice | Value |
|---|---|---|---|
| 30 April 2026 | Sunnfjord Miljøverk IKS (SUM) | Kjøp av sorteringsmaskin - SUM | 3.9 MNOK |
| 10 April 2026 | Reno-Vest Produksjon AS | Kontraktstildeling anskaffelse av ny ballepresse til metall og vrakbiler | 5.5 MNOK |
| 7 July 2025 | Søndre Helgeland Miljøverk IKS (SHMIL) | Kjøp av elektrisk kvern SHMIL | 1.5 MNOK |
| 23 December 2024 | VEST-FINNMARK AVFALLSSELSKAP, Oarje-Finnmarkku Rihpafitnodat Vefas IKS | Avfallskvern | value not stated |
| 9 February 2024 | Hadeland og Ringerike Avfallsselskap AS | Hjullaster, sorteringsmaskin og 2 trucker | value not stated (2 lots) |
| 25 April 2022 | Volda og Ørsta Reinhaldsverk IKS | Kjøp Kanalpresse for papir, papp og plast mv | value not stated |
| 12 March 2021 | Sarpsborg kommune | Kjøp av saktegående kvern | 5.0 MNOK |
| 10 February 2020 | Midtre Namdal Avfallsselskap IKS | Kjøp av sorteringsmaskin - Kolvereid | 2.5 MNOK |
| 6 January 2020 | Avfallsservice AS | Sorteringsmaskin 2019 Redigert2 | 3.3 MNOK |
| 17 October 2019 | HAMOS Forvaltning IKS | Sorteringsmaskin | value not stated |
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.
- 971646446
- Legal form
- AS · part of a group
- Sector
- Handel (46.640)
- Morning company class
- Medium
- Employees
- 15 registered 10 September 2026
- Founded
- 1 December 1994 31 years in operation
- Share capital
- 1.44 MNOK
- Business address
- Berghagan 1, 1405 LANGHUS (NORDRE FOLLO)
- Municipality
- Nordre Follo rank 1 of 10 in KOSTRA group 11
- Latest accounts filed
- 2025
- Website
- www.kiesel.no
- LEI
- 549300QCW65IWRXFVI72 renews 25 October 2027
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
- Claus Leite
- Chair of the board
- Tom Johansen
- Board member
- Henrik Anholt
- Board member
- Joachim Stefan Kiesel
- Board member
- Ludwig Fidelis Vetter
- Auditor
- BDO AS
- Accountant
- Abacus Ratio AS
Source: Central Coordinating Register, fetched 29 October 2026. Only names are shown.
- Parent company
- Parent not reported
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 28 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 75 | 39 | 66 | |
| Rank | 2,922 | 15,561 | 4,571 | |
| Operating margin | 3.6% | −0.4% | 2.4% | |
| Return on assets | 27.2% | 7.5% | 20.2% | |
| Equity ratio | 53.4% | 42.9% | 47.1% | |
| Current ratio | 2.11 | 1.72 | 1.88 | |
| Revenue growth | – | −18.6% | 58.1% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 116.4 MNOK | 94.7 MNOK | 149.8 MNOK |
| Operating profit | 4.2 MNOK | −0.3 MNOK | 3.6 MNOK |
| Profit before tax | 3.7 MNOK | −0.9 MNOK | 3.6 MNOK |
| Net profit | 2.8 MNOK | −0.7 MNOK | 2.8 MNOK |
| Financial expenses | 5.7 MNOK | 4.0 MNOK | 5.2 MNOK |
| Total assets | 34.5 MNOK | 41.3 MNOK | 43.5 MNOK |
| Current assets | 33.9 MNOK | 40.6 MNOK | 43.3 MNOK |
| Equity | 18.4 MNOK | 17.7 MNOK | 20.5 MNOK |
| Retained earnings | 12.1 MNOK | 11.4 MNOK | 14.2 MNOK |
| Total liabilities | 16.0 MNOK | 23.5 MNOK | 23.0 MNOK |
| Current liabilities | 16.0 MNOK | 23.5 MNOK | 23.0 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 28 October 2026, accounts id 6503327.
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