Nirab 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
Score · fiscal year 2024
76of 100
How to read this: the company is ahead of 93 % of companies in the Morning class Micro in the same sector in 2024. What does this mean?
Rank in the Morning class Micro: 239 of 3,308 · What are Morning company classes?
Place in the whole sector: 363 of 5,456 · Teknisk tjenesteyting og forskning
Profile
Lion · Leader
High profitability, high resilience
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 77 and resilience 80 out of 100 among companies in the Morning class Micro in the same sector in 2024. Methodology
Against the sector
Nirab AS is 26 points above the median for companies in the Morning class Micro in the same sector in 2024.
Median score 50 among 3,307 companies.
Against companies in the Morning class Micro in the same sector in 2024: operating margin 22.8% (median 5.7%) and equity ratio 77.9% (median 41.7%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 6 MNOK | 3 MNOK |
| Operating margin | 22.8% | 5.7% |
| Profit margin | 25.1% | 5.5% |
| Return on assets | 30.7% | 11.5% |
| Equity ratio | 77.9% | 41.7% |
| Debt-to-equity | 0.28 | 1.07 |
| Current ratio | 3.39 | 1.63 |
| Revenue growth | 13.5% | 6.2% |
| Revenue per employee | 1.22 MNOK | 0.81 MNOK |
The median and “ahead of” refer to companies in the Morning class Micro in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
With an index of 76, Nirab AS does better than 93% of companies in the Morning class Micro in the same sector (3,308 companies) in 2024.
Score 2023–2025
- Nirab AS
- Median: companies in the Morning class Micro in the same sector
What the numbers say
Nirab AS had an operating margin of 22.8% and an equity ratio of 77.9% in 2024, and ranks 363 of 5,456 in Teknisk tjenesteyting og forskning.
From 2023 to 2024: the operating margin rose from 15.5% to 22.8% and revenue grew by 14%.
This text is generated automatically from the 2024 accounts.
Three simple methods
The methods give between 6 MNOK and 12 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 14.9 | 9 MNOK |
| EV/EBIT | 14.3 | 12 MNOK |
| P/B | 2.3 | 6 MNOK |
| EV/EBIT: from enterprise value to equity | NOK |
|---|---|
| Enterprise value (EV) at the listed multiple | 16 MNOK |
| Enterprise value after the size adjustment | 10 MNOK |
| Less net debt (rough figure) | −2 MNOK |
| Equity value | 12 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 (71.1): Engineering/Construction.
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
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 22.8% (median 5.7%); Equity ratio 77.9% (median 41.7%); Current ratio 3.39 (median 1.63).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 0.5% 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 −0.2%. Based on the 8 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 77 | weight 40% |
|---|---|---|
| Solidity | 85 | weight 20% |
| Liquidity | 80 | weight 5% |
| Growth | 67 | weight 25% |
| Consistency | 70 | weight 10% |
Three goals: profitability 40%, growth 25%, resilience 35%. Why these weights?
Durability: 75 (average over 2 years)
Index version 3. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Nirab AS?
The operating margin was 22.8% in 2024, against a median of 5.7% among companies in the Morning class Micro in the same sector. Return on assets was 30.7%.
How solid is Nirab AS?
The equity ratio was 77.9% in 2024 (median 41.7%). Debt-to-equity was 0.28 (median 1.07).
What is the liquidity of Nirab AS like?
The current ratio was 3.39 in 2024 (median 1.63).
How does Nirab AS compare in Teknisk tjenesteyting og forskning?
Nirab AS ranks 363 of 5,456 in Teknisk tjenesteyting og forskning for 2024. Among companies in the Morning class Micro it is number 239 of 3,308. Revenue changed by 13.5% from the year before.
From the Central Coordinating Register
- Org. no.
- 980397238
- Legal form
- AS
- Sector
- Teknisk tjenesteyting og forskning (71.121)
- Morning company class
- Micro
- Employees
- 5 registered 10 April 2026
- Founded
- 18 December 1998 27 years in operation
- Share capital
- 0.10 MNOK
- Business address
- Tyttebærvegen 14, 7606 LEVANGER
- Municipality
- Levanger rank 12–23 of 27 in KOSTRA group 9
- Latest accounts filed
- 2025
- Website
- www.nirab.no
- LEI
- 549300XKK1BB6O54OJ22 not renewed (lapsed)
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 1 November 2026. Only names are shown.
- Parent company
- No parent company: owned by persons
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 30 October 2026. The parent is the one the company itself reported to GLEIF.
Shareholders (2025)
- Number of shareholders
- 1 (one owner)
- Largest owner
- 100.0%
- Split
- companies 0% · private persons 100% · foreign 0%
- Owned from the same municipality
- 100%
- Group chain
- Ultimate owner: private person
Change 2007–2025: no material change in the owners.
Holds shares in: Equinor ASA (0%), Mowi ASA (0%)
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?
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 8 November 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 75 | 76 | 64 | |
| Rank | 703 | 363 | 1,268 | |
| Operating margin | 15.5% | 22.8% | 16.8% | |
| Return on assets | 21.6% | 30.7% | 18.9% | |
| Equity ratio | 77.4% | 77.9% | 85.2% | |
| Current ratio | 3.06 | 3.39 | 4.61 | |
| Revenue growth | – | 13.5% | −15.1% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 5.4 MNOK | 6.1 MNOK | 5.2 MNOK |
| Operating profit | 0.8 MNOK | 1.4 MNOK | 0.9 MNOK |
| Profit before tax | 1.0 MNOK | 1.5 MNOK | 1.0 MNOK |
| Tax expense | 0.2 MNOK | 0.3 MNOK | 0.2 MNOK |
| Net profit | 0.8 MNOK | 1.2 MNOK | 0.8 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Total assets | 4.5 MNOK | 5.0 MNOK | 5.1 MNOK |
| Current assets | 3.0 MNOK | 3.7 MNOK | 3.5 MNOK |
| Equity | 3.5 MNOK | 3.9 MNOK | 4.4 MNOK |
| Retained earnings | 3.4 MNOK | 3.8 MNOK | 4.3 MNOK |
| Total liabilities | 1.0 MNOK | 1.1 MNOK | 0.8 MNOK |
| Current liabilities | 1.0 MNOK | 1.1 MNOK | 0.8 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 8 November 2026, accounts id 5758201.
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