Normors AS
Score · fiscal year 2023
73of 100
How to read this: the company is ahead of 84 % of companies in the Morning class Micro in the same sector in 2023. What does this mean?
Rank in the Morning class Micro: 1,724 of 10,548 · What are Morning company classes?
Place in the whole sector: 3,517 of 21,088 · Handel
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2023, not a verdict on the company. Based on profitability 96 and solidity 61 out of 100 among companies in the Morning class Micro in the same sector in 2023. Methodology
Against the sector
Normors AS is 23 points above the median for companies in the Morning class Micro in the same sector in 2023.
Median score 50 among 10,539 companies.
Against companies in the Morning class Micro in the same sector in 2023: operating margin 45.6% (median 2.6%) and equity ratio 50.5% (median 35.5%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 10 MNOK | 4 MNOK |
| Operating margin | 45.6% | 2.6% |
| Profit margin | 50.0% | 2.0% |
| Return on assets | 49.4% | 5.7% |
| Equity ratio | 50.5% | 35.5% |
| Debt-to-equity | 0.98 | 1.26 |
| Current ratio | 1.66 | 1.79 |
| Revenue growth | – | 6.7% |
| Revenue per employee | 1.65 MNOK | 0.74 MNOK |
The median and “ahead of” refer to companies in the Morning class Micro in the same sector in 2023. The bar shows the share of companies the figure is ahead of.
With an index of 73, Normors AS does better than 84% of companies in the Morning class Micro in the same sector (10,548 companies) in 2023.
Score 2023–2025
- Normors AS
- Median: companies in the Morning class Micro in the same sector
What the numbers say
Normors AS had an operating margin of 45.6% and an equity ratio of 50.5% in 2023, and ranks 3,517 of 21,088 in Handel.
This text is generated automatically from the 2023 accounts.
Three simple methods
The methods give between 5 MNOK and 50 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 50 MNOK |
| EV/EBIT | 8.0 | 42 MNOK |
| P/B | 1.0 | 5 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.
Financial costs were 3.8% of the debt in 2023. The policy rate averaged 3.54 % 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 | 96 | weight 30% |
|---|---|---|
| Solidity | 61 | weight 25% |
| Liquidity | 46 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 73 | weight 15% |
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is Normors AS?
The operating margin was 45.6% in 2023, against a median of 2.6% among companies in the Morning class Micro in the same sector. Return on assets was 49.4%.
How solid is Normors AS?
The equity ratio was 50.5% in 2023 (median 35.5%). Debt-to-equity was 0.98 (median 1.26).
What is the liquidity of Normors AS like?
The current ratio was 1.66 in 2023 (median 1.79).
How does Normors AS compare in Handel?
Normors AS ranks 3,517 of 21,088 in Handel for 2023. Among companies in the Morning class Micro it is number 1,724 of 10,548.
From the Central Coordinating Register
- Org. no.
- 980537595
- Legal form
- AS
- Sector
- Handel (46.460)
- Morning company class
- Micro
- Employees
- 6 registered 10 June 2026
- Founded
- 28 December 1998 27 years in operation
- Share capital
- 0.13 MNOK
- Business address
- Myklebust 225, 6082 GURSKEN (SANDE)
- Municipality
- Sande rank 13–28 of 39 in KOSTRA group 4
- Latest accounts filed
- 2025
- LEI
- 9845009CA447AC800614 renews 10 March 2027
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
- Emil Arne Kleppe
- Chair of the board
- Malene Rødseth
- Board member
- Emil Arne Kleppe
- Board member
- Åge Magne Sandvik
- Auditor
- Nordal Revisjonsbureau AS
Source: Central Coordinating Register, fetched 29 October 2026. Only names are shown.
- Parent company
- No parent company: owned by persons
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 31 October 2026. The parent is the one the company itself reported to GLEIF.
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 | 73 | 74 | 62 | |
| Rank | 3,517 | 2,202 | 6,078 | |
| Operating margin | 45.6% | 44.3% | 37.6% | |
| Return on assets | 49.4% | 48.0% | 40.1% | |
| Equity ratio | 50.5% | 51.2% | 50.4% | |
| Current ratio | 1.66 | 1.67 | 1.62 | |
| Revenue growth | – | 13.1% | −8.2% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 9.9 MNOK | 11.2 MNOK | 10.3 MNOK |
| Operating profit | 4.5 MNOK | 5.0 MNOK | 3.9 MNOK |
| Profit before tax | 5.0 MNOK | 5.3 MNOK | 3.9 MNOK |
| Net profit | 5.0 MNOK | 5.3 MNOK | 3.9 MNOK |
| Financial expenses | 0.2 MNOK | 0.1 MNOK | 0.3 MNOK |
| Total assets | 10.5 MNOK | 11.2 MNOK | 10.4 MNOK |
| Current assets | 8.6 MNOK | 9.2 MNOK | 8.4 MNOK |
| Equity | 5.3 MNOK | 5.8 MNOK | 5.3 MNOK |
| Retained earnings | 5.1 MNOK | 5.6 MNOK | 5.1 MNOK |
| Total liabilities | 5.2 MNOK | 5.5 MNOK | 5.2 MNOK |
| Current liabilities | 5.2 MNOK | 5.5 MNOK | 5.2 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 28 October 2026, accounts id 4835763.
Further
Similar companies
- Bakken Eiendom Drammen AS index 73, rank 3,510 · compare
- Eksakt Hi-Fi AS index 73, rank 3,511 · compare
- Galleri ER AS index 73, rank 3,513 · compare
- Løvenstadtorget 12 Eiendom AS index 73, rank 3,515 · compare
- Kjøpsvik Handel AS index 73, rank 3,516 · compare