VEKO AS
Score · fiscal year 2025
53of 100
How to read this: the company is ahead of 55 % of small companies in the same sector in 2025. What does this mean?
Rank: 14,662 of 32,581 · Bygg og anlegg
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 54 and solidity 42 out of 100 among small companies in the same sector in 2025. Methodology
Against the sector
VEKO AS is 3 points above the median for small companies in the same sector in 2025.
Median score 50 among 31,471 companies.
Against small companies in the same sector in 2025: operating margin 3.0% (median 3.7%) and equity ratio 33.7% (median 36.5%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 37 MNOK | 3 MNOK |
| Operating margin | 3.0% | 3.7% |
| Profit margin | 2.7% | 3.4% |
| Return on assets | 10.6% | 5.7% |
| Equity ratio | 33.7% | 36.5% |
| Debt-to-equity | 1.97 | 1.20 |
| Current ratio | 1.42 | 1.45 |
| Revenue growth | 2.9% | 3.0% |
| Revenue per employee | 1.47 MNOK | 1.46 MNOK |
The median and “ahead of” refer to small companies in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 53, VEKO AS does better than 55% of small companies in the same sector (31,719 companies) in 2025.
Score 2023–2025
- VEKO AS
- Median: small companies in the same sector
VEKO AS has a score of 53 for 2025, rank 14,662 of 32,581 in the sector.
Strongest: Consistency: percentile 76 against peers.
No area is clearly below its peers.
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
VEKO AS had an operating margin of 3.0% and an equity ratio of 33.7% in 2025, and ranks 14,662 of 32,581 in Bygg og anlegg.
From 2024 to 2025: the operating margin fell from 8.0% to 3.0%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 4 MNOK and 11 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 7 MNOK |
| EV/EBIT | 8.0 | 11 MNOK |
| P/B | 1.0 | 4 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 1.9% 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.
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 2.4%. 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 | 54 | weight 30% |
|---|---|---|
| Solidity | 42 | weight 25% |
| Liquidity | 49 | weight 15% |
| Growth | 50 | weight 15% |
| Consistency | 76 | weight 15% |
Durability: 52 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is VEKO AS?
The operating margin was 3.0% in 2025, against a median of 3.7% among small companies in the same sector. Return on assets was 10.6%.
How solid is VEKO AS?
The equity ratio was 33.7% in 2025 (median 36.5%). Debt-to-equity was 1.97 (median 1.20).
What is the liquidity of VEKO AS like?
The current ratio was 1.42 in 2025 (median 1.45).
How does VEKO AS compare in Bygg og anlegg?
VEKO AS ranks 14,662 of 32,581 in Bygg og anlegg for 2025. Among companies of the same size (small companies) it ranks 14,175 of 31,719. Revenue changed by 2.9% from the year before.
From the Central Coordinating Register
- Org. no.
- 985997349
- Legal form
- AS
- Sector
- Bygg og anlegg (43.223)
- Size tier
- small
- Employees
- 25 registered 10 May 2026
- Founded
- 9 July 2003 23 years in operation
- Share capital
- 0.15 MNOK
- Business address
- Gulliveien 6, 3157 BARKÅKER (TØNSBERG)
- Municipality
- Tønsberg rank 2 of 10 in KOSTRA group 11
- Latest accounts filed
- 2025
- Website
- www.veko.no
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
- Tor Agnar Carlstedt
- Chair of the board
- Atle Solum
- Board member
- Tor Agnar Carlstedt
- Board member
- Anders Heimdal
- Board member
- Tor Henrik Carlstedt
- Deputy member
- Tone Carlstedt
- Deputy member
- Thea Carlstedt
- Auditor
- BDO AS
- Accountant
- AIDER 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 29 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 44 | 59 | 53 | |
| Rank | 17,544 | 9,859 | 14,662 | |
| Operating margin | 4.6% | 8.0% | 3.0% | |
| Return on assets | 16.8% | 24.3% | 10.6% | |
| Equity ratio | 19.0% | 32.5% | 33.7% | |
| Current ratio | 1.24 | 1.47 | 1.42 | |
| Revenue growth | – | 9.1% | 2.9% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 32.7 MNOK | 35.7 MNOK | 36.7 MNOK |
| Operating profit | 1.5 MNOK | 2.9 MNOK | 1.1 MNOK |
| Profit before tax | 1.4 MNOK | 2.7 MNOK | 1.0 MNOK |
| Net profit | 1.4 MNOK | 2.3 MNOK | 0.7 MNOK |
| Financial expenses | 0.2 MNOK | 0.2 MNOK | 0.1 MNOK |
| Total assets | 9.1 MNOK | 11.9 MNOK | 10.7 MNOK |
| Current assets | 8.9 MNOK | 11.8 MNOK | 10.1 MNOK |
| Equity | 1.7 MNOK | 3.9 MNOK | 3.6 MNOK |
| Retained earnings | 1.6 MNOK | 3.7 MNOK | 3.5 MNOK |
| Total liabilities | 7.4 MNOK | 8.0 MNOK | 7.1 MNOK |
| Current liabilities | 7.2 MNOK | 8.0 MNOK | 7.1 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 29 October 2026, accounts id 6935456.
Further
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