NORBRAS AS
Score · fiscal year 2025
91of 100
How to read this: the company is ahead of 100 % of companies in the Morning class Micro in the same sector in 2025. What does this mean?
Rank in the Morning class Micro: 27 of 12,950 · What are Morning company classes?
Place in the whole sector: 33 of 20,428 · Bygg og anlegg
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 89 and solidity 100 out of 100 among companies in the Morning class Micro in the same sector in 2025. Methodology
Against the sector
NORBRAS AS is 41 points above the median for companies in the Morning class Micro in the same sector in 2025.
Median score 50 among 12,943 companies.
Against companies in the Morning class Micro in the same sector in 2025: operating margin 73.0% (median 3.5%) and equity ratio 100.2% (median 33.1%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 3 MNOK | 3 MNOK |
| Operating margin | 73.0% | 3.5% |
| Profit margin | 73.1% | 3.0% |
| Return on assets | 25.3% | 7.8% |
| Equity ratio | 100.2% | 33.1% |
| Debt-to-equity | 0.00 | 1.41 |
| Current ratio | – | 1.42 |
| Revenue growth | – | 6.1% |
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 91, NORBRAS AS does better than 100% of companies in the Morning class Micro in the same sector (12,950 companies) in 2025.
Score 2023–2025
- NORBRAS AS
- Median: companies in the Morning class Micro in the same sector
NORBRAS AS has a score of 91 for 2025, rank 33 of 20,428 in the sector.
Strongest: Solidity: percentile 100 against peers, equity ratio 100.2% against a median of 33.1%. Profitability: percentile 89 against peers, operating margin 73.0% against a median of 3.5%.
No area is clearly below its peers.
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
NORBRAS AS had an operating margin of 73.0% and an equity ratio of 100.2% in 2025, and ranks 33 of 20,428 in Bygg og anlegg.
From 2024 to 2025: went from a loss to a profit before tax and the equity ratio rose from 89.3% to 100.2%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 8 MNOK and 21 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 21 MNOK |
| EV/EBIT | 8.0 | 20 MNOK |
| P/B | 1.0 | 8 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
No rules were triggered for this year.
Indications based on the latest annual accounts from open data. Not investment or financial advice.
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 1.8%. 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 | 89 | weight 30% |
|---|---|---|
| Solidity | 100 | weight 25% |
| Liquidity | – | no data, left out |
| Growth | – | no data, left out |
| Consistency | 79 | weight 15% |
Durability: 83 (average over 2 years)
Index version 2. Data completeness 70%: the share of the weights that had data.
Questions and answers
How profitable is NORBRAS AS?
The operating margin was 73.0% in 2025, against a median of 3.5% among companies in the Morning class Micro in the same sector. Return on assets was 25.3%.
How solid is NORBRAS AS?
The equity ratio was 100.2% in 2025 (median 33.1%). Debt-to-equity was 0.00 (median 1.41).
How does NORBRAS AS compare in Bygg og anlegg?
NORBRAS AS ranks 33 of 20,428 in Bygg og anlegg for 2025. Among companies in the Morning class Micro it is number 27 of 12,950.
From the Central Coordinating Register
- Org. no.
- 979480504
- Legal form
- AS
- Sector
- Bygg og anlegg (41.000)
- Morning company class
- Micro
- Employees
- 0–4 (not registered)
- Founded
- 10 November 1997 28 years in operation
- Share capital
- 0.10 MNOK
- Business address
- Vatner Ring 15, 3725 SKIEN
- Municipality
- Skien rank 9 of 10 in KOSTRA group 11
- Audit
- Audit opted out from 19 August 2025
- 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
- Svein Egil Nordby
- Chair of the board
- Svein Egil Nordby
- Accountant
- SKIEN REGNSKAPSKONTOR 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.
Figures last fetched 28 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 76 | – | 91 | |
| Rank | 2,432 | – | 33 | |
| Operating margin | 7.1% | – | 73.0% | |
| Return on assets | 6.2% | −31.3% | 25.3% | |
| Equity ratio | 70.9% | 89.3% | 100.2% | |
| Current ratio | 3.75 | 8.81 | – | |
| Revenue growth | – | −110.2% | – |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 9.7 MNOK | −1.0 MNOK | 2.9 MNOK |
| Operating profit | 0.7 MNOK | −2.2 MNOK | 2.1 MNOK |
| Profit before tax | 0.7 MNOK | −2.3 MNOK | 2.1 MNOK |
| Net profit | 0.5 MNOK | −2.0 MNOK | 2.1 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK | – |
| Total assets | 11.7 MNOK | 7.1 MNOK | 8.5 MNOK |
| Current assets | 11.6 MNOK | 6.7 MNOK | 8.2 MNOK |
| Equity | 8.3 MNOK | 6.3 MNOK | 8.5 MNOK |
| Retained earnings | 8.2 MNOK | 6.2 MNOK | 8.4 MNOK |
| Total liabilities | 3.4 MNOK | 0.8 MNOK | 0.0 MNOK |
| Current liabilities | 3.1 MNOK | 0.8 MNOK | 0.0 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 28 October 2026, accounts id 6615579.
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