Baggerød AS
Score · fiscal year 2025
51of 100
How to read this: the company is ahead of 51 % of companies in the Morning class Medium in the same sector in 2025. What does this mean?
Rank in the Morning class Medium: 640 of 1,316 · What are Morning company classes?
Place in the whole sector: 2,067 of 4,248 · Industri
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 53 and solidity 58 out of 100 among companies in the Morning class Medium in the same sector in 2025. Methodology
Against the sector
Baggerød AS is at the median for companies in the Morning class Medium in the same sector in 2025.
Median score 51 among 1,316 companies.
Against companies in the Morning class Medium in the same sector in 2025: operating margin 5.6% (median 4.9%) and equity ratio 43.8% (median 39.3%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 231 MNOK | 116 MNOK |
| Operating margin | 5.6% | 4.9% |
| Profit margin | 5.1% | 4.8% |
| Return on assets | 10.5% | 10.4% |
| Equity ratio | 43.8% | 39.3% |
| Debt-to-equity | 1.28 | 1.50 |
| Current ratio | 1.53 | 1.54 |
| Revenue growth | −2.9% | 7.0% |
| Revenue per employee | 2.59 MNOK | 2.92 MNOK |
The median and “ahead of” refer to companies in the Morning class Medium in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 51, Baggerød AS does better than 51% of companies in the Morning class Medium in the same sector (1,316 companies) in 2025.
Score 2023–2025
- Baggerød AS
- Median: companies in the Morning class Medium in the same sector
Baggerød AS has a score of 51 for 2025, rank 2,067 of 4,248 in the sector.
Strongest: Consistency: percentile 64 against peers.
Weakest: Growth: percentile 26 against peers, revenue growth −2.9% against a median of 7.0%.
Worth a closer look
- What lies behind weak growth, 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
Baggerød AS had an operating margin of 5.6% and an equity ratio of 43.8% in 2025, and ranks 2,067 of 4,248 in Industri.
From 2024 to 2025: the operating margin fell from 10.4% to 5.6%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 55 MNOK and 107 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 92 MNOK |
| EV/EBIT | 8.0 | 107 MNOK |
| P/B | 1.0 | 55 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 2.1% 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 2022, the sector's weakest year, for this company.
The sector's weakest year was 2022, with a median operating margin of 1.4%. 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 | 53 | weight 30% |
|---|---|---|
| Solidity | 58 | weight 25% |
| Liquidity | 49 | weight 15% |
| Growth | 26 | weight 15% |
| Consistency | 64 | weight 15% |
Durability: 60 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Baggerød AS?
The operating margin was 5.6% in 2025, against a median of 4.9% among companies in the Morning class Medium in the same sector. Return on assets was 10.5%.
How solid is Baggerød AS?
The equity ratio was 43.8% in 2025 (median 39.3%). Debt-to-equity was 1.28 (median 1.50).
What is the liquidity of Baggerød AS like?
The current ratio was 1.53 in 2025 (median 1.54).
How does Baggerød AS compare in Industri?
Baggerød AS ranks 2,067 of 4,248 in Industri for 2025. Among companies in the Morning class Medium it is number 640 of 1,316. Revenue changed by −2.9% from the year before.
From the Central Coordinating Register
- Org. no.
- 983493653
- Legal form
- AS
- Sector
- Industri (25.110)
- Morning company class
- Medium
- Employees
- 89 registered 10 October 2026
- Founded
- 27 June 2001 25 years in operation
- Share capital
- 0.10 MNOK
- Business address
- Horten Industripark, Bygg 30 D, 3183 HORTEN
- Municipality
- Horten rank 20–27 of 27 in KOSTRA group 9
- Latest accounts filed
- 2025
- Website
- www.baggerod.no
- LEI
- 549300MZWLHVPGCXMZ04 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 31 October 2026. Only names are shown.
- Parent company
- Parent not reported
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 100% · private persons 0% · foreign 0%
- Owned from the same municipality
- 0%
- Group chain
-
Owned by: Baggerød Holding AS (100%)
Ultimate owner: Ims Group AS
- Baggerød Holding AS · 100.0%
Change 2007–2025:
100% of the shares changed owner (1 new and 1 departed owners). The majority owner changed.
New owners (companies): Baggerød Holding AS
Departed (companies): Norac AS
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.
Figures last fetched 1 November 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 64 | 64 | 51 | |
| Rank | 1,149 | 1,013 | 2,067 | |
| Operating margin | 8.4% | 10.4% | 5.6% | |
| Return on assets | 15.3% | 20.9% | 10.5% | |
| Equity ratio | 42.2% | 41.4% | 43.8% | |
| Current ratio | 1.65 | 1.53 | 1.53 | |
| Revenue growth | – | 19.9% | −2.9% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 198.1 MNOK | 237.6 MNOK | 230.6 MNOK |
| Operating profit | 16.6 MNOK | 24.6 MNOK | 13.0 MNOK |
| Profit before tax | 15.2 MNOK | 25.3 MNOK | 11.8 MNOK |
| Tax expense | 3.3 MNOK | 5.6 MNOK | 2.6 MNOK |
| Net profit | 11.8 MNOK | 19.7 MNOK | 9.2 MNOK |
| Financial expenses | 1.5 MNOK | 1.2 MNOK | 1.5 MNOK |
| Total assets | 108.9 MNOK | 127.1 MNOK | 126.3 MNOK |
| Current assets | 104.1 MNOK | 113.6 MNOK | 108.9 MNOK |
| Equity | 45.9 MNOK | 52.7 MNOK | 55.3 MNOK |
| Retained earnings | 45.8 MNOK | 52.6 MNOK | 55.2 MNOK |
| Total liabilities | 63.0 MNOK | 74.4 MNOK | 71.0 MNOK |
| Current liabilities | 63.0 MNOK | 74.4 MNOK | 71.0 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 1 November 2026, accounts id 7163521.
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