MANAGUA AS
Score · fiscal year 2025
87of 100
How to read this: the company is ahead of 99 % of small companies in the same sector in 2025. What does this mean?
Rank: 355 of 32,581 · Bygg og anlegg
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 94 and solidity 86 out of 100 among small companies in the same sector in 2025. Methodology
Against the sector
MANAGUA AS is 37 points above the median for small companies in the same sector in 2025.
Median score 50 among 31,471 companies.
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 0 MNOK | 3 MNOK |
| Operating margin | – | 3.7% |
| Profit margin | – | 3.4% |
| Return on assets | 50.0% | 5.7% |
| Equity ratio | 85.5% | 36.5% |
| Debt-to-equity | 0.17 | 1.20 |
| Current ratio | 2.56 | 1.45 |
| Revenue growth | – | 3.0% |
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 87, MANAGUA AS does better than 99% of small companies in the same sector (31,719 companies) in 2025.
Score 2023–2025
- MANAGUA AS
- Median: small companies in the same sector
MANAGUA AS has a score of 87 for 2025, rank 355 of 32,581 in the sector.
Strongest: Profitability: percentile 94 against peers. Consistency: percentile 87 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
MANAGUA AS had an operating margin of – and an equity ratio of 85.5% in 2025, and ranks 355 of 32,581 in Bygg og anlegg.
From 2024 to 2025: the equity ratio rose from 32.7% to 85.5%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 30 MNOK and 169 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 169 MNOK |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 30 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 14.4% 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
- watch No revenue but large assets
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 | 94 | weight 30% |
|---|---|---|
| Solidity | 86 | weight 25% |
| Liquidity | 75 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 87 | weight 15% |
Durability: 55 (average over 3 years)
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is MANAGUA AS?
The operating margin was – in 2025, against a median of 3.7% among small companies in the same sector. Return on assets was 50.0%.
How solid is MANAGUA AS?
The equity ratio was 85.5% in 2025 (median 36.5%). Debt-to-equity was 0.17 (median 1.20).
What is the liquidity of MANAGUA AS like?
The current ratio was 2.56 in 2025 (median 1.45).
How does MANAGUA AS compare in Bygg og anlegg?
MANAGUA AS ranks 355 of 32,581 in Bygg og anlegg for 2025. Among companies of the same size (small companies) it ranks 340 of 31,719.
Group accounts · 2025
3 of 100
Rank 1295 of 1300 groups with group accounts. Groups are ranked only against each other, not against single companies.
- Operating revenue, group
- 256 MNOK
- Operating profit, group
- −41 MNOK
- Profit before tax, group
- −90 MNOK
- Total assets, group
- 233 MNOK
- Equity, group
- −138 MNOK
| Key figure | The group | The company alone (2025) |
|---|---|---|
| Operating margin | −16.2% | – |
| Return on assets | −18.5% | 50.0% |
| Equity ratio | −59.5% | 85.5% |
| Current ratio | 0.69 | 2.56 |
| Revenue growth | −37.5% | – |
Group index in earlier years: 2023: 29 (1387 of 1687), 2024: 12 (1320 of 1345).
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.
From the Central Coordinating Register
- Org. no.
- 989235699
- Legal form
- AS
- Sector
- Bygg og anlegg (43.230)
- Size tier
- small
- Employees
- 0–4 (not registered)
- Founded
- 12 December 2005 20 years in operation
- Share capital
- 4.30 MNOK
- Business address
- Nygårdsviken 1, 5165 LAKSEVÅG (BERGEN)
- Municipality
- Bergen rank 8 of 11 in KOSTRA group 12
- 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
- Chief executive
- Wilhelm Jens Giertsen
- Chair of the board
- Wilhelm Jens Giertsen
- Board member
- Rikke De Besche Giertsen
- Auditor
- PRICEWATERHOUSECOOPERS AS
- Accountant
- VKST 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 | 35 | 42 | 87 | |
| Rank | 21,075 | 20,249 | 355 | |
| Operating margin | – | – | – | |
| Return on assets | 3.9% | 6.3% | 50.0% | |
| Equity ratio | 31.1% | 32.7% | 85.5% | |
| Current ratio | 0.47 | 0.56 | 2.56 | |
| Revenue growth | – | – | – |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | – | 0.0 MNOK | 0.0 MNOK |
| Operating profit | −0.3 MNOK | −0.3 MNOK | −0.4 MNOK |
| Profit before tax | 0.7 MNOK | 0.9 MNOK | 17.1 MNOK |
| Net profit | 0.7 MNOK | 0.7 MNOK | 16.9 MNOK |
| Financial expenses | 0.3 MNOK | 0.8 MNOK | 0.7 MNOK |
| Total assets | 26.8 MNOK | 27.8 MNOK | 35.7 MNOK |
| Current assets | 4.4 MNOK | 5.3 MNOK | 13.2 MNOK |
| Equity | 8.3 MNOK | 9.1 MNOK | 30.5 MNOK |
| Retained earnings | 0.7 MNOK | 1.4 MNOK | 22.8 MNOK |
| Total liabilities | 18.5 MNOK | 18.7 MNOK | 5.2 MNOK |
| Current liabilities | 9.4 MNOK | 9.6 MNOK | 5.2 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 29 October 2026, accounts id 7238012.
Further
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