Renas AS
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
Key facts
Is the company run well?
Five key figures against companies in the Morning class Medium in the same sector. Green is better than most, amber about like the industry and red weaker than most.
- Profitability · operating margin −9.3% Weaker than the industry Industry: 4.2%
- Returns · return on assets 2.7% Weaker than the industry Industry: 10.1%
- Solidity · equity ratio 83.0% Better than the industry Industry: 22.4%
- Liquidity · current ratio 4.37 Better than the industry Industry: 1.18
- Growth · revenue growth 2.3% Weaker than the industry Industry: 9.3%
The mark comes from the company's place among comparable companies (percentile): green from 60, amber from 40, red below 40. Negative equity, an operating loss and a current ratio under 1 pull it down regardless. Methodology
Score · fiscal year 2024
40of 100
How to read this: the company is ahead of 29 % of companies in the Morning class Medium in the same sector in 2024. What does this mean?
Rank in the Morning class Medium: 433 of 612 · What are Morning company classes?
Place in the whole sector: 4,097 of 5,957 · Forretningsmessig tjenesteyting
Profile
Elephant · Steward
Lower profitability, high resilience
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 14 and resilience 84 out of 100 among companies in the Morning class Medium in the same sector in 2024. Methodology
Against the sector
Renas AS is 10 points below the median for companies in the Morning class Medium in the same sector in 2024.
Median score 50 among 612 companies.
Against companies in the Morning class Medium in the same sector in 2024: operating margin −9.3% (median 4.2%) and equity ratio 83.0% (median 22.4%).
How it has gone · 2023–2025
Revenue rose by 15 % from 2023 to 2025, to 115.0 MNOK. The operating margin fell from 4.4% in 2023 to 1.1% in 2025. The equity ratio rose from 85.1% in 2023 to 87.6% in 2025.
Amounts in the reporting currency. The full year-by-year table is further down under «Details». See every figure year by year
Accounts in short
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 99.9 MNOK | 102.2 MNOK | 115.0 MNOK |
| Operating profit | 4.4 MNOK | −9.5 MNOK | 1.3 MNOK |
| Net profit | 7.4 MNOK | −8.2 MNOK | 3.8 MNOK |
| Total assets | 198.4 MNOK | 193.5 MNOK | 187.7 MNOK |
| Equity | 168.8 MNOK | 160.6 MNOK | 164.5 MNOK |
| Total liabilities | 29.6 MNOK | 32.9 MNOK | 23.2 MNOK |
From the Brønnøysund Register Centre, in the company's reporting currency (NOK). See every figure year by year
From the Central Coordinating Register
- Org. no.
- 979191391
- Legal form
- AS
- Sector
- Forretningsmessig tjenesteyting (82.990)
- Purpose
- I enhver henseende å bidra til kostnadseffektive og konkurransenøytrale ordninger for å bistå nåværende og fremtidige medlemmer å oppfylle sine myndighetspålagte forpliktelser knyttet til utvidet produsentansvar. Selskapets virksomhet har for øvrig som formål å tilfredsstille de forutsetninger og krav som følger av relevante forskrifter for produsentansvar. Selskapet har ikke som formål å skaffe økonomisk resultat verken for selskapet eller til aksjonærene. Utbytte skal ikke utbetales. Eventuelle overskudd av selskapets drift skal benyttes til videreutvikling av selskapet og til fremme av …
- Morning company class
- Medium
- Employees
- 11 registered 10 August 2024
- Founded
- 7 August 1997 29 years in operation
- Share capital
- 0.10 MNOK
- Business address
- Karenslyst allé 9B, 0278 OSLO
- Municipality
- Oslo rank 63–220 of 357 in Norway
- Latest accounts filed
- 2025
- VAT registered
- Yes
- Former names
- Returselskapet for Næringselektro AS until 1998, Returselskapet for Næringselektro AS until 1997
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
Worth a closer look
- critical
The operating result does not cover the financial costs. How will the debt be serviced, and what do the lenders say?
Based on: Interest coverage (times) −0.7 (median 5.7); Financial costs as a share of debt 40.9% (median 1.6%).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −8.0% (median 3.7%).
- 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 −9.3% (median 4.2%).
- 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 171 days (median 76 days).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 40.9% 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.
Scenario analysis: the sector's weakest year
We have no accounts for 2021, the sector's weakest year, for this company.
The sector's weakest year was 2021, with a median operating margin of 0.4%. Based on the 10 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 14 | weight 40% |
|---|---|---|
| Solidity | 98 | weight 20% |
| Liquidity | 96 | weight 5% |
| Growth | 20 | weight 25% |
| Consistency | 51 | weight 10% |
Three goals: profitability 40%, growth 25%, resilience 35%. Why these weights?
Durability: 55 (average over 2 years)
Index version 3. Data completeness 100%: the share of the weights that had data.
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 102 MNOK | 100 MNOK |
| Operating margin | −9.3% | 4.2% |
| Profit margin | −8.0% | 3.7% |
| Return on assets | 2.7% | 10.1% |
| Equity ratio | 83.0% | 22.4% |
| Debt-to-equity | 0.20 | 3.24 |
| Current ratio | 4.37 | 1.18 |
| Revenue growth | 2.3% | 9.3% |
| Revenue per employee | 9.29 MNOK | 2.12 MNOK |
The median and “ahead of” refer to companies in the Morning class Medium in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
With an index of 40, Renas AS does better than 29% of companies in the Morning class Medium in the same sector (612 companies) in 2024.
Score 2023–2025
- Renas AS
- Median: companies in the Morning class Medium in the same sector
Working capital and debt
| Measure | Company | Median | |
|---|---|---|---|
| Working capital | |||
| Receivable days All current receivables, including those on group companies, in days of revenue. |
171 days | 76 days | |
| 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. |
259 days | 0 days | |
| Net working capital to revenue Current assets less bank deposits less current liabilities, divided by revenue. Negative: short-term debt funds the operations. |
86.9% | −4.2% | |
| Cash share of current assets How much of the short-term buffer is bank deposits and cash. |
12.3% | 26.1% | |
| 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. |
−0.7 | 5.7 | |
| 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. |
40.9% | 1.6% | |
| Long-term share of debt Long-term debt as a share of all debt. A low share means more falls due within a year. |
4.4% | 0.6% | |
The operating result is negative, so the interest coverage is negative: operations cover none of the financial costs.
Net working capital (current assets less bank deposits less current liabilities): 88.8 MNOK.
Of the financial costs of 13.4 MNOK, 0.0 MNOK is reported as interest costs in the accounts.
The median and the bar refer to companies in the Morning class Medium in the same sector in 2024. 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.
What the numbers say
Renas AS had an operating margin of −9.3% and an equity ratio of 83.0% in 2024, and ranks 4,097 of 5,957 in Forretningsmessig tjenesteyting.
From 2023 to 2024: went from a profit to a loss before tax and the operating margin fell from 4.4% to −9.3%.
This text is generated automatically from the 2024 accounts.
Three simple methods
One method gives a figure: 295 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 17.3 | not meaningful |
| EV/EBIT | 14.1 | not meaningful |
| P/B | 2.7 | 295 MNOK |
The listed basis is the value at listed multiples. The estimate is lowered for size: a small-company premium of 3% on the cost of equity gives a value 32% lower. No separate marketability discount is applied, because the premium already allows for the company being small and unlisted.
The NACE code has no listed industry of its own in the table, so the multiples are the sector median: Business & Consumer Services, Office Equipment & Services.
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
Questions and answers
How profitable is Renas AS?
The operating margin was −9.3% in 2024, against a median of 4.2% among companies in the Morning class Medium in the same sector. Return on assets was 2.7%. The company made a loss before tax.
How solid is Renas AS?
The equity ratio was 83.0% in 2024 (median 22.4%). Debt-to-equity was 0.20 (median 3.24).
What is the liquidity of Renas AS like?
The current ratio was 4.37 in 2024 (median 1.18).
How does Renas AS compare in Forretningsmessig tjenesteyting?
Renas AS ranks 4,097 of 5,957 in Forretningsmessig tjenesteyting for 2024. Among companies in the Morning class Medium it is number 433 of 612. Revenue changed by 2.3% from the year before.
Group accounts · 2023
61 of 100
Rank 15 of 53 groups in the Morning class Medium in Forretningsmessig tjenesteyting. Groups are ranked only against other groups in the same sector and class, never against single companies.
- Operating revenue, group
- 102 MNOK
- Operating profit, group
- 0 MNOK
- Profit before tax, group
- −1 MNOK
- Total assets, group
- 184 MNOK
- Equity, group
- 153 MNOK
| Key figure | The group | The company alone (2024) |
|---|---|---|
| Operating margin | 0.0% | – |
| Return on assets | 4.9% | – |
| Equity ratio | 83.3% | – |
| Current ratio | 5.86 | – |
| 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).
Group structure · 2025
3 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.
Group accounts. Renas AS for 2023: index 61 of 100, number 15 of 53 groups.
The group in figures
- Sectors
- Forretningsmessig tjenesteyting (1 company), Revisjon, regnskap og rådgivning (2 companies) 3 of 3 companies in the tree have accounts with us. Sectors are sorted by the companies' own revenue, which includes sales between the group's companies.
- Employees in Norway
- 11 in all. Oslo 11 Registered employees in the Central Coordinating Register, by the municipality of the business address. Employees may work elsewhere.
- Negative equity
- 2 companies: Circular Norway AS, Ambitus AS
- Loss
- 2 companies: Circular Norway AS, Ambitus 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.
-
Renas AS you are here
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.
Ownership and roles
Loading roles …
Source: Central Coordinating Register, fetched 1 November 2026. Only names are shown.
The company is not in the Tax Administration's shareholder register for 2025 or the earlier years we have loaded. A company that is bankrupt, wound up or has filed no shareholder return is not included.
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.
Is this your company? Suggest changes or add information
Figures last fetched 5 November 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 70 | 40 | 60 | |
| Rank | 1,090 | 4,097 | 1,881 | |
| Operating margin | 4.4% | −9.3% | 1.1% | |
| Return on assets | 7.2% | 2.7% | 6.5% | |
| Equity ratio | 85.1% | 83.0% | 87.6% | |
| Current ratio | 6.00 | 4.37 | 5.11 | |
| Revenue growth | – | 2.3% | 12.6% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 99.9 MNOK | 102.2 MNOK | 115.0 MNOK |
| Operating profit | 4.4 MNOK | −9.5 MNOK | 1.3 MNOK |
| Profit before tax | 7.4 MNOK | −8.2 MNOK | 3.8 MNOK |
| Tax expense | – | – | – |
| Net profit | 7.4 MNOK | −8.2 MNOK | 3.8 MNOK |
| Financial expenses | 6.8 MNOK | 13.4 MNOK | 8.5 MNOK |
| Total assets | 198.4 MNOK | 193.5 MNOK | 187.7 MNOK |
| Current assets | 162.0 MNOK | 137.1 MNOK | 113.0 MNOK |
| Equity | 168.8 MNOK | 160.6 MNOK | 164.5 MNOK |
| Retained earnings | 168.7 MNOK | 160.5 MNOK | 164.4 MNOK |
| Total liabilities | 29.6 MNOK | 32.9 MNOK | 23.2 MNOK |
| Current liabilities | 27.0 MNOK | 31.4 MNOK | 22.1 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 5 November 2026, accounts id 5900695.
Further
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News and announcements
- 7 September 2026 Endring av revisor (opens in a new tab) Source: Brønnøysundregistrene
From official sources: the Brønnøysund Register Centre, Oslo Børs NewsWeb and public agencies. We show the title, date and a link to the source. The link to a company, sector or municipality is automatic and may be wrong. Report a wrong link