SET ELEKTRO AS
Score · fiscal year 2023
59of 100
How to read this: the company is ahead of 66 % of companies in the Morning class Medium in the same sector in 2023. What does this mean?
Rank in the Morning class Medium: 575 of 1,678 · What are Morning company classes?
Place in the whole sector: 6,713 of 18,403 · Bygg og anlegg
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2023, not a verdict on the company. Based on profitability 85 and solidity 42 out of 100 among companies in the Morning class Medium in the same sector in 2023. Methodology
Against the sector
SET ELEKTRO AS is 9 points above the median for companies in the Morning class Medium in the same sector in 2023.
Median score 50 among 1,678 companies.
Against companies in the Morning class Medium in the same sector in 2023: operating margin 9.9% (median 4.9%) and equity ratio 25.5% (median 29.0%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 268 MNOK | 91 MNOK |
| Operating margin | 9.9% | 4.9% |
| Profit margin | 9.8% | 4.8% |
| Return on assets | 29.8% | 12.1% |
| Equity ratio | 25.5% | 29.0% |
| Debt-to-equity | 2.92 | 2.37 |
| Current ratio | 1.29 | 1.37 |
| Revenue growth | – | 12.7% |
| Revenue per employee | 2.62 MNOK | 2.44 MNOK |
The median and “ahead of” refer to companies in the Morning class Medium in the same sector in 2023. The bar shows the share of companies the figure is ahead of.
With an index of 59, SET ELEKTRO AS does better than 66% of companies in the Morning class Medium in the same sector (1,678 companies) in 2023.
Score 2023–2025
- SET ELEKTRO AS
- Median: companies in the Morning class Medium in the same sector
What the numbers say
SET ELEKTRO AS had an operating margin of 9.9% and an equity ratio of 25.5% in 2023, and ranks 6,713 of 18,403 in Bygg og anlegg.
This text is generated automatically from the 2023 accounts.
Three simple methods
The methods give between 23 MNOK and 237 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 205 MNOK |
| EV/EBIT | 8.0 | 237 MNOK |
| P/B | 1.0 | 23 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 0.4% of the debt in 2023. The policy rate averaged 3.54 % 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 | 85 | weight 30% |
|---|---|---|
| Solidity | 42 | weight 25% |
| Liquidity | 40 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 57 | weight 15% |
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is SET ELEKTRO AS?
The operating margin was 9.9% in 2023, against a median of 4.9% among companies in the Morning class Medium in the same sector. Return on assets was 29.8%.
How solid is SET ELEKTRO AS?
The equity ratio was 25.5% in 2023 (median 29.0%). Debt-to-equity was 2.92 (median 2.37).
What is the liquidity of SET ELEKTRO AS like?
The current ratio was 1.29 in 2023 (median 1.37).
How does SET ELEKTRO AS compare in Bygg og anlegg?
SET ELEKTRO AS ranks 6,713 of 18,403 in Bygg og anlegg for 2023. Among companies in the Morning class Medium it is number 575 of 1,678.
Public contracts
- Contracts awarded since 2024
- 12
- in 9 notices (lots counted separately)
- Total awarded value since 2024
- 497.6 MNOK
- 1 contracts without a stated value are not in the total.
- Framework agreements
- 7
- Left out of the total: the value is a ceiling, not actual spend.
| Date | Buyer | Notice | Value |
|---|---|---|---|
| 12 June 2026 | Nye Veier | Drift og vedlikehold av elektrotekniske installasjoner - E6 Trøndelag | 100.0 MNOK |
| 27 April 2026 | Akershus fylkeskommune | 32E01 Elektrodriftskontrakt Akershus 2026-2031 | 130.2 MNOK |
| 2 May 2025 | Statens vegvesen | 9162 Akershus og Østfold Elektro 2025-2030 | 59.8 MNOK |
| 17 March 2025 | Statens vegvesen | Driftskontrakt elektriskeanlegg Midtre Hålogaland | 207.6 MNOK |
| 11 March 2025 | Vestfold fylkeskommune | 3920 Elektro Vestfold 2025-2030 | value not stated |
| 18 February 2025 | Tinn kommune | Gatelys, rammeavtale | value not stated |
| 1 October 2024 | GKI Grenlandskommunenes Innkjøpsenhet | Elektroarbeider sterkstrøm med tilhørende materiell - rammeavtale | value not stated (4 lots) |
| 16 May 2024 | Kongsberg kommunale eiendom KF | Elektroarbeider, rammeavtale | value not stated |
| 3 April 2024 | Lier kommune | Veilys – bistand til drift og vedlikehold, rammeavtale | value not stated |
| 3 April 2023 | Vestfold og Telemark fylkeskommune | ENØK LED veglys Telemark | 8.6 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.
- 987818549
- Legal form
- AS
- Sector
- Bygg og anlegg (43.210)
- Morning company class
- Medium
- Employees
- 102 registered 10 September 2026
- Founded
- 7 January 2005 21 years in operation
- Share capital
- 0.25 MNOK
- Business address
- Gamle Ramnesvei 36, 3170 SEM (TØNSBERG)
- Municipality
- Tønsberg rank 2 of 10 in KOSTRA group 11
- Latest accounts filed
- 2025
- Website
- www.set.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
- Britt Røed Lohne
- Chair of the board
- Ole Vinje
- Board member
- Halvor Hjertnes Lie
- Board member
- Odd Kenneth Kolstad Askjem
- Board member
- Live Bertha Haukvik
- Board member
- Britt Røed Lohne
- Auditor
- HLO REVISJON & RÅDGIVNING AS
- Accountant
- RHR RINGERIKE REGNSKAPSSERVICE 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 | 59 | 44 | 30 | |
| Rank | 6,713 | 12,210 | 16,850 | |
| Operating margin | 9.9% | 3.2% | −2.0% | |
| Return on assets | 29.8% | 10.1% | −5.9% | |
| Equity ratio | 25.5% | 29.2% | 23.5% | |
| Current ratio | 1.29 | 1.36 | 1.21 | |
| Revenue growth | – | −11.2% | 10.6% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 267.7 MNOK | 237.7 MNOK | 262.9 MNOK |
| Operating profit | 26.5 MNOK | 7.6 MNOK | −5.1 MNOK |
| Profit before tax | 26.3 MNOK | 7.7 MNOK | −6.0 MNOK |
| Net profit | 20.5 MNOK | 6.0 MNOK | −4.7 MNOK |
| Financial expenses | 0.2 MNOK | 0.3 MNOK | 0.7 MNOK |
| Total assets | 89.1 MNOK | 78.7 MNOK | 89.8 MNOK |
| Current assets | 84.9 MNOK | 75.0 MNOK | 82.2 MNOK |
| Equity | 22.7 MNOK | 22.9 MNOK | 21.1 MNOK |
| Retained earnings | 22.5 MNOK | 22.7 MNOK | 18.1 MNOK |
| Total liabilities | 66.4 MNOK | 55.7 MNOK | 68.7 MNOK |
| Current liabilities | 65.9 MNOK | 55.2 MNOK | 68.2 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 29 October 2026, accounts id 4650193.
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