Nafstad AS

Org. no. 978690211 · Oslo · Founded 1997

Score · fiscal year 2024

57of 100

How to read this: the company is ahead of 63 % of companies in the Morning class Small in the same sector in 2024. What does this mean?

Rank in the Morning class Small: 2,652 of 7,172 · What are Morning company classes?
Place in the whole sector: 8,111 of 22,333 · Handel

Profile

Cheetah · Sprinter

High profitability, lower solidity

Position against comparable companies in 2024, not a verdict on the company. Based on profitability 82 and solidity 45 out of 100 among companies in the Morning class Small in the same sector in 2024. Methodology

Against the sector

Nafstad AS is 6 points above the median for companies in the Morning class Small in the same sector in 2024.

Median score 51 among 7,172 companies.

Against companies in the Morning class Small in the same sector in 2024: operating margin 13.8% (median 3.0%) and equity ratio 34.0% (median 36.4%).

Source: Register of Company Accounts and Central Coordinating RegisterFetched 30 October 2026Report an issue
Key figures · 2024

The numbers behind the score

The numbers behind the score · 2024
MeasureCompanyMedianAhead of
Operating revenue38 MNOK20 MNOK
Operating margin 13.8% 3.0% 91 %
Profit margin 11.0% 2.7% shown, not part of the index
Return on assets 19.0% 8.9% 74 %
Equity ratio 34.0% 36.4% 47 %
Debt-to-equity 1.94 1.53 43 %
Current ratio 1.77 1.71 52 %
Revenue growth 3.2% 3.8% 48 %

The median and “ahead of” refer to companies in the Morning class Small in the same sector in 2024. The bar shows the share of companies the figure is ahead of.

With an index of 57, Nafstad AS does better than 63% of companies in the Morning class Small in the same sector (7,172 companies) in 2024.

Over time

Score 2022–2025

CompanyMedian02550751002022202320242025The shaded year is the sector's weakest year, used by the stress test.
  • Nafstad AS
  • Median: companies in the Morning class Small in the same sector
Analysis · 2024

What the numbers say

Nafstad AS had an operating margin of 13.8% and an equity ratio of 34.0% in 2024, and ranks 8,111 of 22,333 in Handel.

From 2023 to 2024: went from a loss to a profit before tax and the operating margin rose from 2.2% to 13.8%.

Nafstad AS did better than the sector in 2022, the sector's weakest year.

This text is generated automatically from the 2024 accounts.

Estimated value · 2024

Three simple methods

The methods give between 10 MNOK and 39 MNOK.

MethodInputMultipleEstimate
P/E Net profit: 3.3 MNOK 10.0 33 MNOK
EV/EBIT Operating profit: 5.2 MNOK
minus net debt 2.7 MNOK
8.0 39 MNOK
P/B Equity: 9.9 MNOK 1.0 10 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

Indications · 2024

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 7.1% of the debt in 2024. The policy rate averaged 4.50 % 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

The operating margin was 7.5% in 2022 (sector median 1.5%), and the equity ratio 39.2%. In the other years the operating margin averaged 8.5%.

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

Components · 2024

What the score is made of

Profitability82 weight 30%
Solidity45 weight 25%
Liquidity52 weight 15%
Growth48 weight 15%
Consistency42 weight 15%

Durability: 56 (average over 3 years)

Index version 2. Data completeness 100%: the share of the weights that had data.

2024

Questions and answers

How profitable is Nafstad AS?

The operating margin was 13.8% in 2024, against a median of 3.0% among companies in the Morning class Small in the same sector. Return on assets was 19.0%.

How solid is Nafstad AS?

The equity ratio was 34.0% in 2024 (median 36.4%). Debt-to-equity was 1.94 (median 1.53).

What is the liquidity of Nafstad AS like?

The current ratio was 1.77 in 2024 (median 1.71).

How does Nafstad AS compare in Handel?

Nafstad AS ranks 8,111 of 22,333 in Handel for 2024. Among companies in the Morning class Small it is number 2,652 of 7,172. Revenue changed by 3.2% from the year before.

From the Central Coordinating Register

Org. no.
978690211
Legal form
AS
Sector
Handel (46.340)
Morning company class
Small
Employees
0–4 (not registered)
Founded
4 July 1997 29 years in operation
Share capital
1.43 MNOK
Business address
Skovveien 16, 0257 OSLO
Municipality
Oslo rank 63–220 of 357 in Norway
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

Chair of the board
Halvor Nafstad
Deputy member
Siri Nafstad
Auditor
Revisjon Consult AS
Accountant
M Mortensen Regnskapsservice AS

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.

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Figures last fetched 30 October 2026.

Details

Year by year · 2022–2025

Key figure2022202320242025Trend
Index68445755
Rank6412,3598,1119,346
Operating margin7.5%2.2%13.8%9.5%
Return on assets7.9%3.4%19.0%14.8%
Equity ratio39.2%30.5%34.0%33.4%
Current ratio1.811.751.771.69
Revenue growth–21.5%3.2%10.0%

Accounts

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

Key figure2022202320242025
Operating revenue30.2 MNOK36.7 MNOK37.8 MNOK41.6 MNOK
Operating profit2.3 MNOK0.8 MNOK5.2 MNOK3.9 MNOK
Profit before tax2.0 MNOK−0.7 MNOK4.2 MNOK3.3 MNOK
Net profit1.6 MNOK−0.8 MNOK3.3 MNOK2.4 MNOK
Financial expenses0.3 MNOK1.6 MNOK1.4 MNOK0.8 MNOK
Total assets29.5 MNOK28.8 MNOK29.0 MNOK27.6 MNOK
Current assets29.4 MNOK28.5 MNOK28.8 MNOK27.4 MNOK
Equity11.6 MNOK8.8 MNOK9.9 MNOK9.2 MNOK
Retained earnings10.6 MNOK7.9 MNOK8.9 MNOK8.3 MNOK
Total liabilities17.9 MNOK20.0 MNOK19.2 MNOK18.4 MNOK
Current liabilities16.2 MNOK16.3 MNOK16.2 MNOK16.3 MNOK

Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 30 October 2026, accounts id 6331759.