Norscrap West AS
Score · fiscal year 2025
72of 100
How to read this: the company is ahead of 90 % of companies in the Morning class Medium in the same sector in 2025. What does this mean?
Rank in the Morning class Medium: 10 of 94 · What are Morning company classes?
Place in the whole sector: 20 of 191 · Vann, avløp og renovasjon
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 71 and solidity 100 out of 100 among companies in the Morning class Medium in the same sector in 2025. Methodology
Against the sector
Norscrap West AS is 22 points above the median for companies in the Morning class Medium in the same sector in 2025.
Median score 50 among 94 companies.
Against companies in the Morning class Medium in the same sector in 2025: operating margin 8.8% (median 4.2%) and equity ratio 88.6% (median 32.6%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 263 MNOK | 129 MNOK |
| Operating margin | 8.8% | 4.2% |
| Profit margin | 11.1% | 2.9% |
| Return on assets | 7.9% | 5.6% |
| Equity ratio | 88.6% | 32.6% |
| Debt-to-equity | 0.13 | 2.01 |
| Current ratio | 3.62 | 1.31 |
| Revenue growth | −14.6% | 5.3% |
| Revenue per employee | 7.30 MNOK | 2.54 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 72, Norscrap West AS does better than 90% of companies in the Morning class Medium in the same sector (94 companies) in 2025.
Score 2023–2025
- Norscrap West AS
- Median: companies in the Morning class Medium in the same sector
Norscrap West AS has a score of 72 for 2025, rank 20 of 191 in the sector.
Strongest: Solidity: percentile 100 against peers, equity ratio 88.6% against a median of 32.6%. Liquidity: percentile 97 against peers, current ratio 3.62 against a median of 1.31.
Weakest: Growth: percentile 3 against peers, revenue growth −14.6% against a median of 5.3%.
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
Norscrap West AS had an operating margin of 8.8% and an equity ratio of 88.6% in 2025, and ranks 20 of 191 in Vann, avløp og renovasjon.
From 2024 to 2025: the operating margin fell from 14.6% to 8.8% and revenue fell by 15%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 183 MNOK and 330 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 228 MNOK |
| EV/EBIT | 8.0 | 183 MNOK |
| P/B | 1.0 | 330 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
- positive
Upper quartile on profitability, solidity and liquidity. What sets this company apart from the rest of the sector?
Based on: Operating margin 8.8% (median 4.2%); Equity ratio 88.6% (median 32.6%); Current ratio 3.62 (median 1.31).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 0.5% 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 −1.1%. Based on the 4 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 71 | weight 30% |
|---|---|---|
| Solidity | 100 | weight 25% |
| Liquidity | 97 | weight 15% |
| Growth | 3 | weight 15% |
| Consistency | 69 | weight 15% |
Durability: 77 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Norscrap West AS?
The operating margin was 8.8% in 2025, against a median of 4.2% among companies in the Morning class Medium in the same sector. Return on assets was 7.9%.
How solid is Norscrap West AS?
The equity ratio was 88.6% in 2025 (median 32.6%). Debt-to-equity was 0.13 (median 2.01).
What is the liquidity of Norscrap West AS like?
The current ratio was 3.62 in 2025 (median 1.31).
How does Norscrap West AS compare in Vann, avløp og renovasjon?
Norscrap West AS ranks 20 of 191 in Vann, avløp og renovasjon for 2025. Among companies in the Morning class Medium it is number 10 of 94. Revenue changed by −14.6% from the year before.
Group accounts
The company is registered as part of a group, but we have no group accounts for it. Group accounts are filed by the parent company, and open data does not say which company that is.
Read the figures with care: a company in a group can look strong because of group contributions, or weak because dividends go up to the parent. The figures are indications, not the full picture.
We do not show the group structure, because open data does not say who owns whom.
Public contracts
- Contracts awarded since 2024
- 0
- Total awarded value since 2024
- value not stated
| Date | Buyer | Notice | Value |
|---|---|---|---|
| 11 January 2021 | Forsvarsmateriell | Forflytning, demilitarisering, destruksjon og gjenvinning av fregatten Helge Ingstad | 60.0 MNOK |
Based on notices in Doffin. Does not show call-offs under framework agreements or purchases below the publication threshold. Values are as stated by the buyer.
Source: Doffin (DFØ), fetched 27 October 2026. Winners are matched on organisation number.
Contains data under the Norwegian licence for public data (NLOD 2.0) made available by Doffin/the Norwegian Agency for Public and Financial Management (DFØ). NLOD 2.0
From the Central Coordinating Register
- Org. no.
- 984220847
- Legal form
- AS · part of a group
- Sector
- Vann, avløp og renovasjon (38.210)
- Morning company class
- Medium
- Employees
- 36 registered 10 October 2026
- Founded
- 2 January 2002 24 years in operation
- Share capital
- 101.03 MNOK
- Business address
- Hanøytangen 122, 5310 HAUGLANDSHELLA (ASKØY)
- Municipality
- Askøy rank 12–25 of 27 in KOSTRA group 9
- 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 31 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 4 November 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 85 | 74 | 72 | |
| Rank | 10 | 18 | 20 | |
| Operating margin | 15.4% | 14.6% | 8.8% | |
| Return on assets | 13.4% | 12.5% | 7.9% | |
| Equity ratio | 82.2% | 84.0% | 88.6% | |
| Current ratio | 1.88 | 1.98 | 3.62 | |
| Revenue growth | – | −5.6% | −14.6% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 326.1 MNOK | 307.7 MNOK | 262.9 MNOK |
| Operating profit | 50.1 MNOK | 45.0 MNOK | 23.2 MNOK |
| Profit before tax | 55.1 MNOK | 51.8 MNOK | 29.2 MNOK |
| Net profit | 43.0 MNOK | 40.4 MNOK | 22.8 MNOK |
| Financial expenses | 0.4 MNOK | 0.3 MNOK | 0.2 MNOK |
| Total assets | 413.8 MNOK | 417.3 MNOK | 372.8 MNOK |
| Current assets | 128.8 MNOK | 123.2 MNOK | 140.9 MNOK |
| Equity | 340.0 MNOK | 350.4 MNOK | 330.2 MNOK |
| Retained earnings | 211.0 MNOK | 221.4 MNOK | 201.2 MNOK |
| Total liabilities | 73.8 MNOK | 66.9 MNOK | 42.5 MNOK |
| Current liabilities | 68.4 MNOK | 62.2 MNOK | 38.9 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 4 November 2026, accounts id 7092705.
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