Ulstad Maskin AS
Score · fiscal year 2025
80of 100
How to read this: the company is ahead of 96 % of companies in the Morning class Micro in the same sector in 2025. What does this mean?
Rank in the Morning class Micro: 426 of 11,289 · What are Morning company classes?
Place in the whole sector: 797 of 22,952 · Handel
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 91 and solidity 98 out of 100 among companies in the Morning class Micro in the same sector in 2025. Methodology
Against the sector
Ulstad Maskin AS is 30 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 74.0% (median 2.6%) and equity ratio 94.1% (median 33.5%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 1 MNOK | 4 MNOK |
| Operating margin | 74.0% | 2.6% |
| Profit margin | 81.5% | 2.1% |
| Return on assets | 27.0% | 6.1% |
| Equity ratio | 94.1% | 33.5% |
| Debt-to-equity | 0.06 | 1.25 |
| Current ratio | 16.96 | 1.74 |
| Revenue growth | −46.7% | 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 80, Ulstad Maskin AS does better than 96% of companies in the Morning class Micro in the same sector (11,289 companies) in 2025.
Score 2023–2025
- Ulstad Maskin AS
- Median: companies in the Morning class Micro in the same sector
Ulstad Maskin AS has a score of 80 for 2025, rank 797 of 22,952 in the sector.
Strongest: Solidity: percentile 98 against peers, equity ratio 94.1% against a median of 33.5%. Liquidity: percentile 98 against peers, current ratio 16.96 against a median of 1.74.
Weakest: Growth: percentile 4 against peers, revenue growth −46.7% against a median of 4.0%.
Worth a closer look
- What lies behind weak growth, 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
Ulstad Maskin AS had an operating margin of 74.0% and an equity ratio of 94.1% in 2025, and ranks 797 of 22,952 in Handel.
From 2024 to 2025: revenue fell by 47% and the equity ratio rose from 87.8% to 94.1%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 4 MNOK and 11 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 8 MNOK |
| EV/EBIT | 8.0 | 11 MNOK |
| P/B | 1.0 | 4 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 74.0% (median 2.6%); Equity ratio 94.1% (median 33.5%); Current ratio 16.96 (median 1.74).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 3.7% 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 | 91 | weight 30% |
|---|---|---|
| Solidity | 98 | weight 25% |
| Liquidity | 98 | weight 15% |
| Growth | 4 | weight 15% |
| Consistency | 86 | weight 15% |
Durability: 85 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Ulstad Maskin AS?
The operating margin was 74.0% in 2025, against a median of 2.6% among companies in the Morning class Micro in the same sector. Return on assets was 27.0%.
How solid is Ulstad Maskin AS?
The equity ratio was 94.1% in 2025 (median 33.5%). Debt-to-equity was 0.06 (median 1.25).
What is the liquidity of Ulstad Maskin AS like?
The current ratio was 16.96 in 2025 (median 1.74).
How does Ulstad Maskin AS compare in Handel?
Ulstad Maskin AS ranks 797 of 22,952 in Handel for 2025. Among companies in the Morning class Micro it is number 426 of 11,289. Revenue changed by −46.7% from the year before.
From the Central Coordinating Register
- Org. no.
- 978664849
- Legal form
- AS
- Sector
- Handel (46.640)
- Morning company class
- Micro
- Employees
- 0–4 (not registered)
- Founded
- 24 June 1997 29 years in operation
- Share capital
- 0.10 MNOK
- Business address
- Tanemsbruvegen 165, 7540 KLÆBU (TRONDHEIM)
- Municipality
- Trondheim rank 3 of 11 in KOSTRA group 12
- Audit
- Audit opted out from 2 December 2016
- Latest accounts filed
- 2025
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
- Ann Kristin Ulstad
- Chair of the board
- Ann Kristin Ulstad
- Board member
- Vibeke Ulstad Akersveen
- Deputy member
- Henrik Ulstad Grindflaten
Source: Central Coordinating Register, fetched 29 October 2026. Only names are shown.
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 | 91 | 82 | 80 | |
| Rank | 316 | 611 | 797 | |
| Operating margin | 77.9% | 74.1% | 74.0% | |
| Return on assets | 114.7% | 55.1% | 27.0% | |
| Equity ratio | 76.3% | 87.8% | 94.1% | |
| Current ratio | 4.18 | 8.21 | 16.96 | |
| Revenue growth | – | −14.8% | −46.7% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 2.9 MNOK | 2.4 MNOK | 1.3 MNOK |
| Operating profit | 2.2 MNOK | 1.8 MNOK | 1.0 MNOK |
| Profit before tax | 2.2 MNOK | 1.8 MNOK | 1.1 MNOK |
| Net profit | 2.2 MNOK | 1.4 MNOK | 0.8 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Total assets | 1.9 MNOK | 3.3 MNOK | 4.0 MNOK |
| Current assets | 1.9 MNOK | 3.3 MNOK | 4.0 MNOK |
| Equity | 1.5 MNOK | 2.9 MNOK | 3.7 MNOK |
| Retained earnings | 1.4 MNOK | 2.8 MNOK | 3.6 MNOK |
| Total liabilities | 0.5 MNOK | 0.4 MNOK | 0.2 MNOK |
| Current liabilities | 0.5 MNOK | 0.4 MNOK | 0.2 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 28 October 2026, accounts id 6355783.
Further
Similar companies
- Kupp Tekstil AS index 80, rank 794 · compare
- Dombås Optikk AS index 80, rank 796 · compare
- Novanor Scandinavia AS index 80, rank 798 · compare
- Biofocus AS index 80, rank 800 · compare
- Ship Shape Norge AS index 80, rank 801 · compare