Vard AS
Score · fiscal year 2025
Not enough data: Revenue not reported
Based on the annual accounts for 2025
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating margin | – | 3.0% |
| Profit margin | – | 2.6% |
| Return on assets | 18.2% | 8.7% |
| Equity ratio | 98.2% | 33.6% |
| Debt-to-equity | 0.02 | 1.52 |
| Current ratio | 5,383.79 | 1.64 |
| Revenue growth | – | 5.2% |
The median and “ahead of” refer to companies in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
Score over time
Score over time needs at least two fiscal years with a score. It will appear when next year's figures are fetched or history is imported.
What the numbers say
Vard AS had an equity ratio of 98.2% in 2025. The company is not ranked: revenue not reported.
From 2024 to 2025: the equity ratio rose from 85.5% to 98.2%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 45 MNOK and 79 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 79 MNOK |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 45 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 63.3% 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
- watch Revenue not reported
- watch No revenue but large assets
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
Questions and answers
How profitable is Vard AS?
The operating margin was – in 2025, against a median of 3.0% among companies in the same sector. Return on assets was 18.2%.
How solid is Vard AS?
The equity ratio was 98.2% in 2025 (median 33.6%). Debt-to-equity was 0.02 (median 1.52).
What is the liquidity of Vard AS like?
The current ratio was 5,383.79 in 2025 (median 1.64).
From the Central Coordinating Register
- Org. no.
- 976162005
- Legal form
- AS
- Sector
- Handel (46.620)
- Employees
- 0–4 (not registered)
- Founded
- 14 February 1996 30 years in operation
- Share capital
- 0.95 MNOK
- Business address
- Øyjordsveien 57, 8616 MO I RANA
- Municipality
- Rana rank 11–25 of 27 in KOSTRA group 9
- Latest accounts filed
- 2025
- LEI
- 254900477V5KCAHYMU39 renews 24 January 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
Loading roles …
Source: Central Coordinating Register, fetched 29 October 2026. Only names are shown.
- Parent company
- No parent company: owned by persons
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 29 October 2026. The parent is the one the company itself reported to GLEIF.
Shareholders (2025)
- Number of shareholders
- 2
- Largest owner
- 50.0%
- Split
- companies 0% · private persons 100% · foreign 0%
- Owned from the same municipality
- 100%
Change 2007–2025: no material change in the owners.
Majority owner of: Tverråga Eiendom AS (100%), Industriprosjekt AS (100%)
Holds shares in: Tverråga Eiendom AS (100%), Sparebank 1 Sør-Norge ASA (0%), Bien Sparebank ASA (0%), Industriprosjekt AS (100%), Voss Veksel- og Landmandsbank ASA (0%), Slitasjeteknikk AS (49%), BT Vika AS (7%), TGS ASA (0%)
Source: the Norwegian Tax Administration's shareholder register as of 2025. Figures may be older than today's ownership. Private persons are not shown by name.
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 | – | – | – | |
| Rank | – | – | – | |
| Operating margin | – | – | – | |
| Return on assets | 20.1% | 33.7% | 18.2% | |
| Equity ratio | 79.0% | 85.5% | 98.2% | |
| Current ratio | 22.27 | 13,074.12 | 5,383.79 | |
| Revenue growth | – | – | – |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | – | – | – |
| Operating profit | −0.1 MNOK | −0.1 MNOK | 0.0 MNOK |
| Profit before tax | 7.4 MNOK | 10.9 MNOK | 7.9 MNOK |
| Net profit | 7.4 MNOK | 10.9 MNOK | 7.9 MNOK |
| Financial expenses | −0.6 MNOK | 3.9 MNOK | 0.5 MNOK |
| Total assets | 33.7 MNOK | 43.9 MNOK | 46.2 MNOK |
| Current assets | 22.7 MNOK | 32.9 MNOK | 31.7 MNOK |
| Equity | 26.6 MNOK | 37.5 MNOK | 45.4 MNOK |
| Retained earnings | 25.7 MNOK | 36.6 MNOK | 44.4 MNOK |
| Total liabilities | 7.1 MNOK | 6.4 MNOK | 0.8 MNOK |
| Current liabilities | 1.0 MNOK | 0.0 MNOK | 0.0 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 28 October 2026, accounts id 6836798.