Norsecraft AS
Score · fiscal year 2025
60of 100
How to read this: the company is ahead of 70 % of companies in the Morning class Micro in the same sector in 2025. What does this mean?
Rank in the Morning class Micro: 3,390 of 11,289 · What are Morning company classes?
Place in the whole sector: 6,901 of 22,952 · Handel
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 24 and solidity 96 out of 100 among companies in the Morning class Micro in the same sector in 2025. Methodology
Against the sector
Norsecraft AS is 10 points above the median for companies in the Morning class Micro in the same sector in 2025.
Median score 50 among 11,286 companies.
Against companies in the Morning class Micro in the same sector in 2025: operating margin −115.4% (median 2.6%) and equity ratio 90.0% (median 33.5%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 2 MNOK | 4 MNOK |
| Operating margin | −115.4% | 2.6% |
| Profit margin | 16.0% | 2.1% |
| Return on assets | 4.8% | 6.1% |
| Equity ratio | 90.0% | 33.5% |
| Debt-to-equity | 0.11 | 1.25 |
| Current ratio | 48.72 | 1.74 |
| Revenue growth | 1.2% | 4.0% |
The median and “ahead of” refer to companies in the Morning class Micro in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 60, Norsecraft AS does better than 70% of companies in the Morning class Micro in the same sector (11,289 companies) in 2025.
Score 2023–2025
- Norsecraft AS
- Median: companies in the Morning class Micro in the same sector
Norsecraft AS has a score of 60 for 2025, rank 6,901 of 22,952 in the sector.
Strongest: Liquidity: percentile 99 against peers, current ratio 48.72 against a median of 1.74. Solidity: percentile 96 against peers, equity ratio 90.0% against a median of 33.5%.
Weakest: Profitability: percentile 24 against peers, operating margin −115.4% against a median of 2.6%.
Worth a closer look
- The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors? Based on: operating margin −115.4% (median 2.6%).
- What lies behind weak profitability, 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
Norsecraft AS had an operating margin of −115.4% and an equity ratio of 90.0% in 2025, and ranks 6,901 of 22,952 in Handel.
From 2024 to 2025: the operating margin rose from −153.4% to −115.4% and went from a loss to a profit before tax.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 1 MNOK and 40 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 1 MNOK |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 40 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
- watch
The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors?
Based on: Operating margin −115.4% (median 2.6%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 43.0% 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 Extreme margin: check 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 | 24 | weight 30% |
|---|---|---|
| Solidity | 96 | weight 25% |
| Liquidity | 99 | weight 15% |
| Growth | 43 | weight 15% |
| Consistency | 54 | weight 15% |
Durability: 68 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Norsecraft AS?
The operating margin was −115.4% in 2025, against a median of 2.6% among companies in the Morning class Micro in the same sector. Return on assets was 4.8%.
How solid is Norsecraft AS?
The equity ratio was 90.0% in 2025 (median 33.5%). Debt-to-equity was 0.11 (median 1.25).
What is the liquidity of Norsecraft AS like?
The current ratio was 48.72 in 2025 (median 1.74).
How does Norsecraft AS compare in Handel?
Norsecraft AS ranks 6,901 of 22,952 in Handel for 2025. Among companies in the Morning class Micro it is number 3,390 of 11,289. Revenue changed by 1.2% from the year before.
Group accounts · 2023
63 of 100
Rank 136 of 464 groups in the Morning class Medium in Handel. Groups are ranked only against other groups in the same sector and class, never against single companies.
- Operating revenue, group
- 138 MNOK
- Operating profit, group
- 9 MNOK
- Profit before tax, group
- 7 MNOK
- Total assets, group
- 73 MNOK
- Equity, group
- 35 MNOK
| Key figure | The group | The company alone (2025) |
|---|---|---|
| Operating margin | 6.8% | – |
| Return on assets | 14.3% | – |
| Equity ratio | 48.0% | – |
| Current ratio | 1.88 | – |
| Revenue growth | – | – |
Same formulas and weights as the company index. Group and company are never added together, and the group accounts are not part of sector averages or company rankings.
Source: Brønnøysund Register Centre, group accounts 2023 (open data, NLOD 2.0).
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.
- 976779126
- Legal form
- AS · part of a group
- Sector
- Handel (46.640)
- Morning company class
- Micro
- Employees
- 0–4 (not registered)
- Founded
- 16 September 1996 30 years in operation
- Share capital
- 1.65 MNOK
- Business address
- Henrik Ibsens gate 90, 0255 OSLO
- Municipality
- Oslo rank 63–220 of 357 in Norway
- Latest accounts filed
- 2025
- Website
- www.norsecraft.no
- LEI
- 254900O5KWGW1VW9EF55 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
- Chief executive
- Hans Ivar Ellingsen
- Chair of the board
- Jørgen Waaler
- Board member
- Hans Ivar Ellingsen
- Board member
- Hans Holter-Sørensen
- Auditor
- Forvis Mazars AS
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.
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 | 87 | 57 | 60 | |
| Rank | 771 | 8,162 | 6,901 | |
| Operating margin | 25.2% | −153.4% | −115.4% | |
| Return on assets | 17.1% | 0.9% | 4.8% | |
| Equity ratio | 80.3% | 87.5% | 90.0% | |
| Current ratio | 4.82 | 17.39 | 48.72 | |
| Revenue growth | – | −11.5% | 1.2% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 1.7 MNOK | 1.5 MNOK | 1.5 MNOK |
| Operating profit | 0.4 MNOK | −2.3 MNOK | −1.7 MNOK |
| Profit before tax | 6.1 MNOK | −0.3 MNOK | 0.2 MNOK |
| Net profit | 5.4 MNOK | 0.2 MNOK | 0.1 MNOK |
| Financial expenses | 2.4 MNOK | 0.7 MNOK | 1.9 MNOK |
| Total assets | 49.8 MNOK | 46.0 MNOK | 44.8 MNOK |
| Current assets | 12.6 MNOK | 8.3 MNOK | 7.6 MNOK |
| Equity | 40.0 MNOK | 40.2 MNOK | 40.3 MNOK |
| Retained earnings | 35.0 MNOK | 35.2 MNOK | 35.3 MNOK |
| Total liabilities | 9.8 MNOK | 5.8 MNOK | 4.5 MNOK |
| Current liabilities | 2.6 MNOK | 0.5 MNOK | 0.2 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 28 October 2026, accounts id 7115463.
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