Baneservice AS
Score · fiscal year 2025
45of 100
How to read this: the company is ahead of 34 % of companies in the Morning class Large in the same sector in 2025. What does this mean?
Rank in the Morning class Large: 102 of 154 · What are Morning company classes?
Place in the whole sector: 12,350 of 20,338 · Bygg og anlegg
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 42 and solidity 58 out of 100 among companies in the Morning class Large in the same sector in 2025. Methodology
Against the sector
Baneservice AS is 6 points below the median for companies in the Morning class Large in the same sector in 2025.
Median score 51 among 154 companies.
Against companies in the Morning class Large in the same sector in 2025: operating margin 4.1% (median 4.1%) and equity ratio 26.2% (median 23.9%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 2,087 MNOK | 898 MNOK |
| Operating margin | 4.1% | 4.1% |
| Profit margin | 3.8% | 4.6% |
| Return on assets | 7.4% | 10.3% |
| Equity ratio | 26.2% | 23.9% |
| Debt-to-equity | 2.81 | 3.17 |
| Current ratio | 1.00 | 1.22 |
| Revenue growth | 0.4% | 5.2% |
| Revenue per employee | 3.10 MNOK | 5.20 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 45, Baneservice AS does better than 34% of companies in the Morning class Large in the same sector (154 companies) in 2025.
Score 2023–2025
- Baneservice AS
- Median: companies in the Morning class Large in the same sector
Baneservice AS has a score of 45 for 2025, rank 12,350 of 20,338 in the sector.
Strongest: Consistency: percentile 71 against peers.
Weakest: Liquidity: percentile 12 against peers, current ratio 1.00 against a median of 1.22. Growth: percentile 35 against peers, revenue growth 0.4% against a median of 5.2%.
Worth a closer look
- Consider strengthening liquidity: current liabilities are 1.0 times current assets. Based on: current ratio 1.00 (median 1.22).
- 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
Baneservice AS had an operating margin of 4.1% and an equity ratio of 26.2% in 2025, and ranks 12,350 of 20,338 in Bygg og anlegg.
No large changes in the key figures from 2024 to 2025.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 298 MNOK and 566 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 566 MNOK |
| EV/EBIT | 8.0 | 298 MNOK |
| P/B | 1.0 | 364 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
Consider strengthening liquidity: current liabilities are 1.0 times current assets.
Based on: Current ratio 1.00 (median 1.22).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 2.3% 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 | 42 | weight 30% |
|---|---|---|
| Solidity | 58 | weight 25% |
| Liquidity | 12 | weight 15% |
| Growth | 35 | weight 15% |
| Consistency | 71 | weight 15% |
Durability: 42 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Baneservice AS?
The operating margin was 4.1% in 2025, against a median of 4.1% among companies in the Morning class Large in the same sector. Return on assets was 7.4%.
How solid is Baneservice AS?
The equity ratio was 26.2% in 2025 (median 23.9%). Debt-to-equity was 2.81 (median 3.17).
What is the liquidity of Baneservice AS like?
The current ratio was 1.00 in 2025 (median 1.22). Current assets did not cover current liabilities.
How does Baneservice AS compare in Bygg og anlegg?
Baneservice AS ranks 12,350 of 20,338 in Bygg og anlegg for 2025. Among companies in the Morning class Large it is number 102 of 154. Revenue changed by 0.4% from the year before.
Group accounts · 2025
53 of 100
Rank 60 of 126 groups in the Morning class Large in Bygg og anlegg. Groups are ranked only against other groups in the same sector and class, never against single companies.
- Operating revenue, group
- 2,422 MNOK
- Operating profit, group
- 138 MNOK
- Profit before tax, group
- 113 MNOK
- Total assets, group
- 1,812 MNOK
- Equity, group
- 507 MNOK
| Key figure | The group | The company alone (2025) |
|---|---|---|
| Operating margin | 5.7% | 4.1% |
| Return on assets | 8.1% | 7.4% |
| Equity ratio | 28.0% | 26.2% |
| Current ratio | 1.09 | 1.00 |
| Revenue growth | −1.9% | 0.4% |
Group index in earlier years: 2023: 51 (54 of 116), 2024: 56 (50 of 121).
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.
Public contracts
- Contracts awarded since 2024
- 4
- Total awarded value since 2024
- value not stated
- 1 contracts without a stated value are not in the total.
- Framework agreements
- 3
- Left out of the total: the value is a ceiling, not actual spend.
| Date | Buyer | Notice | Value |
|---|---|---|---|
| 5 January 2026 | Bane NOR SF | Rammeavtale på el- og telemontør | 12.2 MNOK (framework) |
| 22 May 2025 | Bane NOR SF | RA mindre rådgivnings- og prosjekteringsoppdrag for Bane NOR | 1,000.0 MNOK (framework) |
| 28 August 2024 | Bane NOR SF | Rammeavtale - bygg - anleggsentrepriser i og ved spor i Område Øst | value not stated |
| 13 February 2024 | Bane NOR SF | KL-AT Bergensbanen | value not stated |
| 16 December 2022 | Bane NOR SF | SUN 01 - Togparkering Drammen og fornyelse Sundland | 490.1 MNOK |
| 2 December 2022 | Bane NOR SF | Innføring Barkåker - Tønsberg | 380.1 MNOK |
| 8 June 2022 | Bane NOR SF | KSÅ-66 Sikkerhetsmannskap | value not stated |
| 29 March 2022 | Bybanen AS | Track maintenance- services | 12.0 MNOK |
| 2 March 2022 | Bane NOR SF | Parallelle rammeavtaler jernbanetekniske entrepriser | 126.0 MNOK |
| 20 December 2021 | Bane NOR SF | NBF 14 Hovedentreprise Underbygging og Jernbaneteknikk | 793.2 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 28 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.
- 986392912
- Legal form
- AS
- Sector
- Bygg og anlegg (42.120)
- Morning company class
- Large
- Employees
- 674 registered 10 October 2026
- Founded
- 19 December 2003 22 years in operation
- Share capital
- 80.00 MNOK
- Business address
- Drammensveien 165, 0277 OSLO
- Municipality
- Oslo rank 63–220 of 357 in Norway
- Latest accounts filed
- 2025
- Website
- www.baneservice.no
- LEI
- 549300UWRD5PMS5K7235 renews 8 July 2027
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
- Kjersti Kanne
- Chair of the board
- Dagfinn Neteland
- Board member
- Harald Vaagaasar Nikolaisen
- Board member
- Ole Strøm
- Board member
- Ole Ronny Thorsnes
- Board member
- Grethe Safar Meisingset
- Board member
- Simona Trombetta
- Board member
- Ole Christian Rognlien
- Board member
- Pia Moberg
- Deputy member
- Thomas Rømset Waage-Ringvoll
- Deputy member
- Per Arne Haga
- Deputy member
- Marianne Tveite
- Deputy member
- Tim Mjellem Stockfleth
- Deputy member
- Line Sanderhoff
- Deputy member
- Jonas Ekeberg Nordahl
- Deputy member
- Anita Bonnegolt
- Auditor
- Pricewaterhousecoopers AS
Source: Central Coordinating Register, fetched 29 October 2026. Only names are shown.
- Parent company
- No known owner
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 30 October 2026. The parent is the one the company itself reported to GLEIF.
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 | 37 | 43 | 45 | |
| Rank | 12,559 | 12,462 | 12,350 | |
| Operating margin | 3.6% | 3.2% | 4.1% | |
| Return on assets | 7.7% | 7.8% | 7.4% | |
| Equity ratio | 21.7% | 24.1% | 26.2% | |
| Current ratio | 0.94 | 1.00 | 1.00 | |
| Revenue growth | – | 3.1% | 0.4% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 2,016.0 MNOK | 2,079.0 MNOK | 2,087.1 MNOK |
| Operating profit | 72.2 MNOK | 67.2 MNOK | 86.5 MNOK |
| Profit before tax | 77.9 MNOK | 76.0 MNOK | 78.9 MNOK |
| Net profit | 58.9 MNOK | 54.0 MNOK | 56.6 MNOK |
| Financial expenses | 20.5 MNOK | 24.1 MNOK | 23.2 MNOK |
| Total assets | 1,286.3 MNOK | 1,277.5 MNOK | 1,387.8 MNOK |
| Current assets | 623.1 MNOK | 594.3 MNOK | 628.8 MNOK |
| Equity | 278.8 MNOK | 307.3 MNOK | 363.8 MNOK |
| Retained earnings | – | 205.3 MNOK | 261.8 MNOK |
| Total liabilities | 1,007.5 MNOK | 970.2 MNOK | 1,023.9 MNOK |
| Current liabilities | 665.2 MNOK | 596.6 MNOK | 630.0 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 29 October 2026, accounts id 7203742.
Further
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