Ørsta Bruk Eigedom AS

Org. no. 977175496 · Ørsta · Founded 1996

Not financial advice. The index, rank, signals and advice are rule-based indications from the latest filed annual accounts. They are not a credit rating, an assessment of management or a recommendation to buy, sell or do business with the company. Read more

Score · fiscal year 2025

86of 100

How to read this: the company is ahead of 99 % of companies in the Morning class Micro in the same sector in 2025. What does this mean?

Rank in the Morning class Micro: 311 of 23,907 · What are Morning company classes?
Place in the whole sector: 378 of 30,137 · Eiendom

Profile

Lion · Leader

High profitability, high resilience

Position against comparable companies in 2025, not a verdict on the company. Based on profitability 98 and resilience 68 out of 100 among companies in the Morning class Micro in the same sector in 2025. Methodology

Against the sector

Ørsta Bruk Eigedom AS is 36 points above the median for companies in the Morning class Micro in the same sector in 2025.

Median score 50 among 23,901 companies.

Against companies in the Morning class Micro in the same sector in 2025: operating margin 93.6% (median 47.7%) and equity ratio 57.0% (median 27.9%).

Source: Register of Company Accounts and Central Coordinating RegisterFetched 9 November 2026Report an issue
Development

How it has gone · 2023–2025

Revenue rose by 497 % from 2023 to 2025, to 5.1 MNOK. The operating margin rose from 62.6% in 2023 to 93.6% in 2025. The equity ratio rose from 31.4% in 2023 to 57.0% in 2025.

Score · 2025 86
Operating revenue · 2025 5.1 MNOK +497% since 2023 (better)
Net profit · 2025 3.4 MNOK +1,786% since 2023 (better)
Operating margin · 2025 93.6% +31.0 pp since 2023 (better)
Equity ratio · 2025 57.0% +25.6 pp since 2023 (better)
Current ratio · 2025 1.31 −2.02 since 2023 (weaker)

Amounts in the reporting currency. The full year-by-year table is further down under «Details». See every figure year by year

Summary analysis

Ørsta Bruk Eigedom AS has a score of 86 for 2025, rank 378 of 30,137 in the sector.

Strongest: Profitability: percentile 98 against peers, operating margin 93.6% against a median of 47.7%. Growth: percentile 91 against peers, revenue growth 482.6% against a median of 3.3%.

No area is clearly below its peers.

Worth a closer look

Written by fixed rules from the figures. Describes the figures, does not explain causes. Not investment or financial advice. How the summary is made

Indications · 2025

Worth a closer look

  • watch

    Receivables equal far more days of revenue than at comparable companies. Do customers pay late, or are these loans to companies in the same group?

    Based on: Receivable days 170 days (median 40 days).

Indications based on the latest annual accounts from open data. Not investment or financial advice.

Financial costs were 9.3% 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

No anomalies found in the figures.

Stress test · 2022

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 15.2%. Based on the 10 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology

Components · 2025

What the score is made of

Profitability98 weight 40%
Solidity72 weight 20%
Liquidity48 weight 5%
Growth91 weight 25%
Consistency71 weight 10%

Three goals: profitability 40%, growth 25%, resilience 35%. Why these weights?

Index version 3. Data completeness 100%: the share of the weights that had data.

Key figures · 2025

The numbers behind the score

The numbers behind the score · 2025
MeasureCompanyMedianAhead of
Operating revenue5 MNOK2 MNOK
Operating margin 93.6% 47.7% 98 %
Profit margin 89.2% 24.4% shown, not part of the index
Return on assets 78.0% 7.8% 98 %
Equity ratio 57.0% 27.9% 73 %
Debt-to-equity 0.75 2.10 70 %
Current ratio 1.31 1.40 48 %
Revenue growth 482.6% 3.3% 96 %

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 86, Ørsta Bruk Eigedom AS does better than 99% of companies in the Morning class Micro in the same sector (23,907 companies) in 2025.

Over time

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.

Working capital and debt · 2025

Working capital and debt

Working capital and debt · 2025
MeasureCompanyMedianHigher than
Working capital
Receivable days
All current receivables, including those on group companies, in days of revenue.
170 days 40 days 76 %
Inventory and other current assets, days
Current assets other than receivables and bank deposits, that is inventory and short-term investments, in days of revenue.
0 days 0 days 37 %
Net working capital to revenue
Current assets less bank deposits less current liabilities, divided by revenue. Negative: short-term debt funds the operations.
−5.3% −12.4% 60 %
Cash share of current assets
How much of the short-term buffer is bank deposits and cash.
31.4% 54.9% 37 %
Debt and interest burden
Interest coverage (times)
Operating result divided by all financial costs. Below 1: operations do not cover the cost of the debt.
19.4 1.8 81 %
Financial costs as a share of debt
All financial costs (interest, currency losses and other) divided by all debt, interest-free debt included. Not an interest rate.
9.3% 5.0% 93 %
Long-term share of debt
Long-term debt as a share of all debt. A low share means more falls due within a year.
– 87.8% not compared

Net working capital (current assets less bank deposits less current liabilities): −0.3 MNOK.

Of the financial costs of 0.2 MNOK, 0.2 MNOK is reported as interest costs in the accounts.

The median and the bar refer to companies in the Morning class Micro in the same sector in 2025. The bar shows the share of the group with a lower figure: higher is not always better, long receivable days tie up capital, for example. These figures do not count in the score.

The industry or the company: what drove the result?

In 2025 the operating margin of Ørsta Bruk Eigedom AS rose by 23.7 percentage points. Comparable companies rose by a median 0.7 points. So the company did 23.0 points better than the industry, for reasons of its own.

Over 2 year-to-year changes Ørsta Bruk Eigedom AS moved the same way as comparable companies 2 times. About 5% of the changes in operating margin were common to the industry; the rest was the company's own.

The operating margin of Ørsta Bruk Eigedom AS against comparable companies, year by year
YearThe companyComparable (median) Change, companyChange, industryThe company's own
202469.8%46.9% +7.3 percentage points +0.9 percentage points +6.4 percentage points
202593.6%47.7% +23.7 percentage points +0.7 percentage points +23.0 percentage points

Comparable companies are those in the same industry and Morning company class. Their change shows what hit the whole industry, the sector drivers below included. The rest is the company's own: contracts, costs, one-off items or operations. The share is approximate, and we claim no cause.

The company and its sector's drivers

Prices, rate and currency that shape the sector's year, year by year beside the operating margin of Ørsta Bruk Eigedom AS. The figures stand side by side; we claim no cause.

House prices (existing homes) (indeks (2015 = 100))

House prices (existing homes) rose 5.5% in 2025; the operating margin of Ørsta Bruk Eigedom AS rose 23.7 percentage points.

House prices (existing homes) per year and the operating margin of Ørsta Bruk Eigedom AS
Measure202120222023202420252026
House prices (existing homes), annual average134.5141.6140.8144.6152.5158.7 (so far)
Change from the year before+10.5%+5.2%−0.5%+2.7%+5.5%+4.1%
The company's operating margin––62.6%69.8%93.6%–

Source: SSB (07221, CC BY 4.0). Source

Policy rate (prosent)

Policy rate fell 0.20 percentage points in 2025; the operating margin of Ørsta Bruk Eigedom AS rose 23.7 percentage points.

Policy rate per year and the operating margin of Ørsta Bruk Eigedom AS
Measure202120222023202420252026
Policy rate, annual average0.081.323.544.504.304.17 (so far)
Change from the year before−0.28 percentage points+1.24 percentage points+2.22 percentage points+0.96 percentage points−0.20 percentage points−0.12 percentage points
The company's operating margin––62.6%69.8%93.6%–

Source: Norges Bank (IR, NLOD 2.0). Source

Construction cost index for dwellings (indeks (2015 = 100))

Construction cost index for dwellings rose 4.3% in 2025; the operating margin of Ørsta Bruk Eigedom AS rose 23.7 percentage points.

Construction cost index for dwellings per year and the operating margin of Ørsta Bruk Eigedom AS
Measure202120222023202420252026
Construction cost index for dwellings, annual average124.2135.1141.1146.4152.7158.4 (so far)
Change from the year before+8.7%+8.8%+4.4%+3.7%+4.3%+3.7%
The company's operating margin––62.6%69.8%93.6%–

Source: SSB (08651, CC BY 4.0). Source

Consumer price index (indeks (2025 = 100))

Consumer price index rose 3.0% in 2025; the operating margin of Ørsta Bruk Eigedom AS rose 23.7 percentage points.

Consumer price index per year and the operating margin of Ørsta Bruk Eigedom AS
Measure202120222023202420252026
Consumer price index, annual average84.389.294.197.0100.0103.0 (so far)
Change from the year before+3.5%+5.8%+5.5%+3.2%+3.0%+3.0%
The company's operating margin––62.6%69.8%93.6%–

Source: SSB (14710, CC BY 4.0). Source

Wage index: real estate (indeks)

Wage index: real estate rose 5.2% in 2025; the operating margin of Ørsta Bruk Eigedom AS rose 23.7 percentage points.

Wage index: real estate per year and the operating margin of Ørsta Bruk Eigedom AS
Measure202120222023202420252026
Wage index: real estate, annual average91.794.396.8103.2108.5111.3 (so far)
Change from the year before+5.2%+2.9%+2.6%+6.5%+5.2%+2.6%
The company's operating margin––62.6%69.8%93.6%–

Source: SSB (12314, CC BY 4.0). Source

We show the drivers and the margin side by side and claim no cause. Sensitivity per company is not computed until we have at least 10 years of accounts per company: with three years such figures are false precision.

Analysis · 2025

What the numbers say

Ørsta Bruk Eigedom AS had an operating margin of 93.6% and an equity ratio of 57.0% in 2025, and ranks 378 of 30,137 in Eiendom.

From 2024 to 2025: revenue grew by 483% and the operating margin rose from 69.8% to 93.6%.

This text is generated automatically from the 2025 accounts.

Estimated value · 2025

Three simple methods

The methods give between 1 MNOK and 24 MNOK.

MethodInputMultipleListed basisEstimate
P/E Net profit (mean 2023–2025): 1.3 MNOK 10.5 13 MNOK 8 MNOK
EV/EBIT Operating profit (mean 2023–2025): 2.0 MNOK
less net debt −1.1 MNOK (rough figure)
19.2 39 MNOK 24 MNOK
P/B Equity: 3.5 MNOK 0.7 2 MNOK 1 MNOK
EV/EBIT: from enterprise value to equityNOK
Enterprise value (EV) at the listed multiple38 MNOK
Enterprise value after the size adjustment23 MNOK
Less net debt (rough figure)−1 MNOK
Equity value24 MNOK

Net debt is a rough figure: long-term liabilities minus cash. The accounts do not split interest-bearing debt from other liabilities, and short-term borrowings are not included. The size adjustment applies to the enterprise value, not to the debt.

The listed basis is the value at listed multiples. The estimate is lowered for size: a small-company premium of 4% on the cost of equity gives a value 38% lower. No separate marketability discount is applied, because the premium already allows for the company being small and unlisted.

The multiples are from the listed industry that matches the NACE code (68.2): R.E.I.T..

Not financial advice. The value range is a rough model estimate from listed-company multiples, not a valuation, a price target or a price offer. The actual value may differ greatly. Read more

A mechanical estimate from public accounts, not advice. A mechanical estimate from public accounts with listed multiples and fixed adjustments. Not a valuation and not advice to buy or sell. See the calculation

2025

Questions and answers

How profitable is Ørsta Bruk Eigedom AS?

The operating margin was 93.6% in 2025, against a median of 47.7% among companies in the Morning class Micro in the same sector. Return on assets was 78.0%.

How solid is Ørsta Bruk Eigedom AS?

The equity ratio was 57.0% in 2025 (median 27.9%). Debt-to-equity was 0.75 (median 2.10).

What is the liquidity of Ørsta Bruk Eigedom AS like?

The current ratio was 1.31 in 2025 (median 1.40).

How does Ørsta Bruk Eigedom AS compare in Eiendom?

Ørsta Bruk Eigedom AS ranks 378 of 30,137 in Eiendom for 2025. Among companies in the Morning class Micro it is number 311 of 23,907. Revenue changed by 482.6% from the year before.

2025

Competitors

The 8 closest competitors in the same line of business, placed in the same matrix as the sector page: profitability up, resilience to the right. These are the companies the competitor analysis and the strategy report compare with.

Viviamo AS: 77 / 88Kongsberg Butikkeiendom AS: 81 / 41Vadsø Handelseiendom AS: 81 / 38Ørsta Bruk Eigedom AS: 98 / 68Tordenskiolds Gate 5 AS: 20 / 57Nlm Eiendom Tromsø AS: 33 / 59Din Joker AS: 13 / 58Veiskille Eiendom AS: 35 / 17Wigen Næring AS: 10 / 800252550507575100100Resilience, percentile against peers →↑ Profitability, percentile against peers

CompanyProfileOperating revenueOperating marginScore
Viviamo AS Lion 5 MNOK 87.7% 70
Kongsberg Butikkeiendom AS Cheetah 5 MNOK 78.4% 56
Vadsø Handelseiendom AS Cheetah 5 MNOK 78.6% 59
Ørsta Bruk Eigedom AS (this company) Lion 5 MNOK 93.6% 86
Tordenskiolds Gate 5 AS Elephant 5 MNOK 20.3% 38
Nlm Eiendom Tromsø AS Elephant 5 MNOK 33.0% 54
Din Joker AS Elephant 5 MNOK 1.4% 37
Veiskille Eiendom AS Beaver 5 MNOK 50.3% 24
Wigen Næring AS Beaver 5 MNOK −9.0% 19

The selection is the closest in revenue within the same industry code. When you order, you can swap competitors. Order competitor analysis

Group structure · 2025

2 companies in the group according to the shareholder register for 2025. A company counts as a subsidiary when a Norwegian company owns more than half of its shares.

No owner holds more than half of the shares in Ørsta Bruk Eigedom AS.

Ørsta Bruk Eigedom AS has not filed group accounts in open data, so the group has no index of its own. Each company has its own accounts.

The group in figures

Sectors
Eiendom (2 companies) 2 of 2 companies in the tree have accounts with us. Sectors are sorted by the companies' own revenue, which includes sales between the group's companies.
Loss
1 company: Ørsta Bruk AS

A subsidiary with negative equity or a loss may be backed by the group, for example with group contributions or guarantees. It is an indication of what is worth asking about, not an assessment.

  • Ørsta Bruk Eigedom AS you are here operating · index 86 · number 378 of 30137 in Eiendom
    • Ørsta Bruk AS 60% owned · operating · index 44 · number 19561 of 30137 in Eiendom

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.

Source: the Norwegian Tax Administration's shareholder register 2025 (majority owner with more than 50 % of the shares). Voting agreements and ownership through other countries are not included.

From the Central Coordinating Register

Org. no.
977175496
Legal form
AS
Sector
Eiendom (68.200)
Purpose
Eie og forvalte fast eiendom, samt annen virksomhet som hermed står i forbindelse.
Morning company class
Micro
Employees
0–4 (not registered)
Founded
16 December 1996 29 years in operation
Share capital
0.03 MNOK
Business address
Strandgata 5B, 6150 ØRSTA
Municipality
Ørsta rank 14–35 of 38 in KOSTRA group 7
Audit
Audit opted out from 23 September 2019
Latest accounts filed
2025
VAT registered
No
Former names
ØB Eigedom AS until 1997
The company's business municipality, Ørsta. The map shows the municipality, not the address. Map source: Kartverket (CC BY 4.0).

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 7 November 2026. Only names are shown.

Shareholders (2025)

Number of shareholders
2
Largest owner
50.0%
Split
companies 100% · private persons 0% · foreign 0%
Owned from the same municipality
100%

Change 2007–2025: 96% of the shares changed owner (0 new and 6 departed owners).
Departed (companies): Hbib Invest AS, Meba AS, Prako AS

Majority owner of: Ørsta Bruk AS (60%)

Holds shares in: Ørsta Bruk AS (60%)

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?

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Figures last fetched 9 November 2026.

Details

Year by year · 2023–2025

Key figure202320242025Trend
Index––86
Rank––378
Operating margin62.6%69.8%93.6%
Return on assets8.0%9.1%78.0%
Equity ratio31.4%34.6%57.0%
Current ratio3.331.921.31
Revenue growth–2.5%482.6%

Accounts

From the Brønnøysund Register Centre, in the company's reporting currency (NOK).

Key figure202320242025
Operating revenue0.8 MNOK0.9 MNOK5.1 MNOK
Operating profit0.5 MNOK0.6 MNOK4.7 MNOK
Profit before tax0.2 MNOK0.3 MNOK4.5 MNOK
Tax expense0.1 MNOK0.1 MNOK1.1 MNOK
Net profit0.2 MNOK0.2 MNOK3.4 MNOK
Financial expenses0.3 MNOK0.3 MNOK0.2 MNOK
Total assets6.6 MNOK6.7 MNOK6.1 MNOK
Current assets0.4 MNOK0.6 MNOK3.4 MNOK
Equity2.1 MNOK2.3 MNOK3.5 MNOK
Retained earnings0.6 MNOK0.9 MNOK3.4 MNOK
Total liabilities4.5 MNOK4.4 MNOK2.6 MNOK
Current liabilities0.1 MNOK0.3 MNOK2.6 MNOK

Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 9 November 2026, accounts id 6829542.