Netel AS
Score · fiscal year 2025
33of 100
How to read this: the company is ahead of 16 % of companies in the Morning class Large in the same sector in 2025. What does this mean?
Rank in the Morning class Large: 129 of 153 · What are Morning company classes?
Place in the whole sector: 15,899 of 20,335 · Bygg og anlegg
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 20 and solidity 8 out of 100 among companies in the Morning class Large in the same sector in 2025. Methodology
Against the sector
Netel AS is 17 points below the median for companies in the Morning class Large in the same sector in 2025.
Median score 50 among 153 companies.
Against companies in the Morning class Large in the same sector in 2025: operating margin −0.2% (median 4.1%) and equity ratio 8.1% (median 24.0%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 947 MNOK | 894 MNOK |
| Operating margin | −0.2% | 4.1% |
| Profit margin | 0.7% | 4.6% |
| Return on assets | 6.0% | 10.3% |
| Equity ratio | 8.1% | 24.0% |
| Debt-to-equity | 11.39 | 3.16 |
| Current ratio | 1.56 | 1.22 |
| Revenue growth | 2.1% | 5.3% |
| Revenue per employee | 3.16 MNOK | 5.19 MNOK |
The median and “ahead of” refer to companies in the Morning class Large in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 33, Netel AS does better than 16% of companies in the Morning class Large in the same sector (153 companies) in 2025.
Score 2023–2025
- Netel AS
- Median: companies in the Morning class Large in the same sector
Netel AS has a score of 33 for 2025, rank 15,899 of 20,335 in the sector.
Strongest: Liquidity: percentile 84 against peers, current ratio 1.56 against a median of 1.22.
Weakest: Solidity: percentile 8 against peers, equity ratio 8.1% against a median of 24.0%. Profitability: percentile 20 against peers, operating margin −0.2% against a median of 4.1%.
Worth a closer look
- The equity ratio is very low. Could the company absorb a bad year, and does it need more equity? Based on: equity ratio 8.1% (median 24.0%).
- The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors? Based on: operating margin −0.2% (median 4.1%).
- What lies behind weak solidity, and will it last?
- What lies behind weak profitability, and will it last?
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
Netel AS had an operating margin of −0.2% and an equity ratio of 8.1% in 2025, and ranks 15,899 of 20,335 in Bygg og anlegg.
From 2024 to 2025: went from a loss to a profit before tax.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 37 MNOK and 70 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 70 MNOK |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 37 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
- watch
The equity ratio is very low. Could the company absorb a bad year, and does it need more equity?
Based on: Equity ratio 8.1% (median 24.0%).
- 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 −0.2% (median 4.1%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 4.9% of the debt in 2025. The policy rate averaged 4.30 % 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 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 | 20 | weight 30% |
|---|---|---|
| Solidity | 8 | weight 25% |
| Liquidity | 84 | weight 15% |
| Growth | 42 | weight 15% |
| Consistency | 43 | weight 15% |
Durability: 31 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Netel AS?
The operating margin was −0.2% in 2025, against a median of 4.1% among companies in the Morning class Large in the same sector. Return on assets was 6.0%.
How solid is Netel AS?
The equity ratio was 8.1% in 2025 (median 24.0%). Debt-to-equity was 11.39 (median 3.16).
What is the liquidity of Netel AS like?
The current ratio was 1.56 in 2025 (median 1.22).
How does Netel AS compare in Bygg og anlegg?
Netel AS ranks 15,899 of 20,335 in Bygg og anlegg for 2025. Among companies in the Morning class Large it is number 129 of 153. Revenue changed by 2.1% from the year before.
From the Central Coordinating Register
- Org. no.
- 983096514
- Legal form
- AS
- Sector
- Bygg og anlegg (42.222)
- Morning company class
- Large
- Employees
- 300 registered 10 October 2026
- Founded
- 12 February 2001 25 years in operation
- Share capital
- 0.28 MNOK
- Business address
- Østre Aker vei 22, 0581 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
Loading roles …
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 | 29 | 32 | 33 | |
| Rank | 14,444 | 15,419 | 15,899 | |
| Operating margin | 0.0% | 0.1% | −0.2% | |
| Return on assets | 12.0% | 0.2% | 6.0% | |
| Equity ratio | 10.1% | 7.4% | 8.1% | |
| Current ratio | 1.15 | 1.64 | 1.56 | |
| Revenue growth | – | 12.6% | 2.1% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 823.2 MNOK | 927.3 MNOK | 946.6 MNOK |
| Operating profit | 0.1 MNOK | 0.5 MNOK | −1.5 MNOK |
| Profit before tax | 45.7 MNOK | −12.9 MNOK | 7.0 MNOK |
| Net profit | 46.3 MNOK | −12.9 MNOK | 7.0 MNOK |
| Financial expenses | 4.5 MNOK | 13.8 MNOK | 20.3 MNOK |
| Total assets | 419.8 MNOK | 402.1 MNOK | 453.8 MNOK |
| Current assets | 299.7 MNOK | 276.7 MNOK | 329.8 MNOK |
| Equity | 42.6 MNOK | 29.7 MNOK | 36.6 MNOK |
| Retained earnings | 24.6 MNOK | 11.7 MNOK | 18.7 MNOK |
| Total liabilities | 377.2 MNOK | 372.4 MNOK | 417.2 MNOK |
| Current liabilities | 261.0 MNOK | 169.1 MNOK | 211.5 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 28 October 2026, accounts id 6855862.
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