BAADER NORGE AS
Score · fiscal year 2025
55of 100
How to read this: the company is ahead of 62 % of medium-sized companies in the same sector in 2025. What does this mean?
Rank: 15,587 of 38,670 · Handel
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 95 and solidity 26 out of 100 among medium-sized companies in the same sector in 2025. Methodology
Against the sector
BAADER NORGE AS is 6 points above the median for medium-sized companies in the same sector in 2025.
Median score 49 among 2,198 companies.
Against medium-sized companies in the same sector in 2025: operating margin 16.0% (median 3.2%) and equity ratio 20.0% (median 32.6%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 269 MNOK | 173 MNOK |
| Operating margin | 16.0% | 3.2% |
| Profit margin | 26.0% | 3.2% |
| Return on assets | 41.2% | 11.6% |
| Equity ratio | 20.0% | 32.6% |
| Debt-to-equity | 4.00 | 2.03 |
| Current ratio | 1.10 | 1.38 |
| Revenue growth | 14.7% | 6.8% |
| Revenue per employee | 8.68 MNOK | 6.45 MNOK |
The median and “ahead of” refer to medium-sized companies in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 55, BAADER NORGE AS does better than 62% of medium-sized companies in the same sector (2,203 companies) in 2025.
Score 2023–2025
- BAADER NORGE AS
- Median: medium-sized companies in the same sector
BAADER NORGE AS has a score of 55 for 2025, rank 15,587 of 38,670 in the sector.
Strongest: Profitability: percentile 95 against peers, operating margin 16.0% against a median of 3.2%. Growth: percentile 70 against peers, revenue growth 14.7% against a median of 6.8%.
Weakest: Liquidity: percentile 25 against peers, current ratio 1.10 against a median of 1.38. Solidity: percentile 26 against peers, equity ratio 20.0% against a median of 32.6%.
Worth a closer look
- What lies behind weak liquidity, and will it last?
- What lies behind weak solidity, 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
BAADER NORGE AS had an operating margin of 16.0% and an equity ratio of 20.0% in 2025, and ranks 15,587 of 38,670 in Handel.
From 2024 to 2025: the equity ratio fell from 43.2% to 20.0% and revenue grew by 15%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 34 MNOK and 604 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 604 MNOK |
| EV/EBIT | 8.0 | 365 MNOK |
| P/B | 1.0 | 34 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 0.0% 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.
Data quality
No anomalies found in the figures.
Scenario analysis: the sector's weakest year
We have no accounts for 2017, the sector's weakest year, for this company.
The sector's weakest year was 2017, with a median operating margin of −65.6%. 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 | 95 | weight 30% |
|---|---|---|
| Solidity | 26 | weight 25% |
| Liquidity | 25 | weight 15% |
| Growth | 70 | weight 15% |
| Consistency | 38 | weight 15% |
Durability: 65 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is BAADER NORGE AS?
The operating margin was 16.0% in 2025, against a median of 3.2% among medium-sized companies in the same sector. Return on assets was 41.2%.
How solid is BAADER NORGE AS?
The equity ratio was 20.0% in 2025 (median 32.6%). Debt-to-equity was 4.00 (median 2.03).
What is the liquidity of BAADER NORGE AS like?
The current ratio was 1.10 in 2025 (median 1.38).
How does BAADER NORGE AS compare in Handel?
BAADER NORGE AS ranks 15,587 of 38,670 in Handel for 2025. Among companies of the same size (medium-sized companies) it ranks 831 of 2,203. Revenue changed by 14.7% from the year before.
Group accounts · 2025
53 of 100
Rank 573 of 1300 groups with group accounts. Groups are ranked only against each other, not against single companies.
- Operating revenue, group
- 330 MNOK
- Operating profit, group
- 52 MNOK
- Profit before tax, group
- 53 MNOK
- Total assets, group
- 183 MNOK
- Equity, group
- 34 MNOK
| Key figure | The group | The company alone (2025) |
|---|---|---|
| Operating margin | 15.9% | 16.0% |
| Return on assets | 28.7% | 41.2% |
| Equity ratio | 18.8% | 20.0% |
| Current ratio | 1.24 | 1.10 |
| Revenue growth | 13.7% | 14.7% |
Group index in earlier years: 2023: 71 (311 of 1687), 2024: 69 (224 of 1345).
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 2025 (open data, NLOD 2.0).
We do not show the group structure, because open data does not say who owns whom.
From the Central Coordinating Register
- Org. no.
- 983231403
- Legal form
- AS
- Sector
- Handel (46.640)
- Size tier
- medium
- Employees
- 31 registered 10 October 2026
- Founded
- 15 March 2001 25 years in operation
- Share capital
- 3.60 MNOK
- Business address
- Vasstrandvegen 71, 6011 ÅLESUND
- Municipality
- Ålesund rank 2–6 of 10 in KOSTRA group 11
- Latest accounts filed
- 2025
- LEI
- 549300MF7C2MMC1I1M38 renews 15 December 2026
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
- Hugo Holst Lundvig Dissing
- Chair of the board
- Dennis Schreiber
- Board member
- Nils Kühnel
- Board member
- Daniela Wedemeyer Scholz
- Auditor
- MOA REVISJON 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 | 73 | 68 | 55 | |
| Rank | 4,895 | 6,198 | 15,587 | |
| Operating margin | 12.7% | 13.1% | 16.0% | |
| Return on assets | 31.2% | 29.6% | 41.2% | |
| Equity ratio | 41.9% | 43.2% | 20.0% | |
| Current ratio | 1.43 | 1.49 | 1.10 | |
| Revenue growth | – | 3.1% | 14.7% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 227.7 MNOK | 234.8 MNOK | 269.2 MNOK |
| Operating profit | 29.0 MNOK | 30.7 MNOK | 43.0 MNOK |
| Profit before tax | 31.9 MNOK | 37.1 MNOK | 69.9 MNOK |
| Net profit | 25.9 MNOK | 30.6 MNOK | 60.4 MNOK |
| Financial expenses | 5.0 MNOK | 1.8 MNOK | 0.0 MNOK |
| Total assets | 118.0 MNOK | 131.4 MNOK | 169.6 MNOK |
| Current assets | 97.7 MNOK | 111.3 MNOK | 148.7 MNOK |
| Equity | 49.5 MNOK | 56.8 MNOK | 33.9 MNOK |
| Retained earnings | 45.9 MNOK | 53.2 MNOK | 30.3 MNOK |
| Total liabilities | 68.5 MNOK | 74.6 MNOK | 135.6 MNOK |
| Current liabilities | 68.5 MNOK | 74.6 MNOK | 135.6 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 28 October 2026, accounts id 6694166.
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