Mindeparken AS
Score · fiscal year 2023
38of 100
How to read this: the company is ahead of 31 % of companies in the Morning class Small in the same sector in 2023. What does this mean?
Rank in the Morning class Small: 160 of 231 · What are Morning company classes?
Place in the whole sector: 626 of 893 · Sjøfart
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2023, not a verdict on the company. Based on profitability 83 and solidity 8 out of 100 among companies in the Morning class Small in the same sector in 2023. Methodology
Against the sector
Mindeparken AS is 10 points below the median for companies in the Morning class Small in the same sector in 2023.
Median score 48 among 231 companies.
Against companies in the Morning class Small in the same sector in 2023: operating margin 33.1% (median 12.3%) and equity ratio 1.6% (median 43.4%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 41 MNOK | 25 MNOK |
| Operating margin | 33.1% | 12.3% |
| Profit margin | 32.7% | 7.4% |
| Return on assets | 36.1% | 9.5% |
| Equity ratio | 1.6% | 43.4% |
| Debt-to-equity | 61.11 | 1.09 |
| Current ratio | 0.13 | 1.69 |
| Revenue growth | – | 25.2% |
The median and “ahead of” refer to companies in the Morning class Small in the same sector in 2023. The bar shows the share of companies the figure is ahead of.
With an index of 38, Mindeparken AS does better than 31% of companies in the Morning class Small in the same sector (231 companies) in 2023.
Score 2023–2025
- Mindeparken AS
- Median: companies in the Morning class Small in the same sector
What the numbers say
Mindeparken AS had an operating margin of 33.1% and an equity ratio of 1.6% in 2023, and ranks 626 of 893 in Sjøfart.
This text is generated automatically from the 2023 accounts.
Three simple methods
The methods give between 1 MNOK and 105 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 105 MNOK |
| EV/EBIT | 8.0 | 103 MNOK |
| P/B | 1.0 | 1 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
- critical
Consider strengthening liquidity: current liabilities are 7.7 times current assets.
Based on: Current ratio 0.13 (median 1.69).
- watch
The equity ratio is very low. Could the company absorb a bad year, and does it need more equity?
Based on: Equity ratio 1.6% (median 43.4%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 2.7% 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 2026, the sector's weakest year, for this company.
The sector's weakest year was 2026, with a median operating margin of 6.1%. Based on the 7 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 83 | weight 30% |
|---|---|---|
| Solidity | 8 | weight 25% |
| Liquidity | 2 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 31 | weight 15% |
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is Mindeparken AS?
The operating margin was 33.1% in 2023, against a median of 12.3% among companies in the Morning class Small in the same sector. Return on assets was 36.1%.
How solid is Mindeparken AS?
The equity ratio was 1.6% in 2023 (median 43.4%). Debt-to-equity was 61.11 (median 1.09).
What is the liquidity of Mindeparken AS like?
The current ratio was 0.13 in 2023 (median 1.69). Current assets did not cover current liabilities.
How does Mindeparken AS compare in Sjøfart?
Mindeparken AS ranks 626 of 893 in Sjøfart for 2023. Among companies in the Morning class Small it is number 160 of 231.
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.
From the Central Coordinating Register
- Org. no.
- 989683349
- Legal form
- AS · part of a group
- Sector
- Sjøfart (50.201)
- Morning company class
- Small
- Employees
- 0–4 (not registered)
- Founded
- 1 March 2006 20 years in operation
- Share capital
- 0.10 MNOK
- Business address
- Kanalveien 109, 5068 BERGEN
- Municipality
- Bergen rank 8 of 11 in KOSTRA group 12
- Latest accounts filed
- 2025
- Website
- www.nistad.com
- LEI
- 6367007IC3J3T3SLA259 not renewed (lapsed)
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
- Birgit Nistad
- Chair of the board
- Børge Knustad
- Board member
- Jan Vablum
- Board member
- Birgit Nistad
- Auditor
- Collegium Revisjon AS
Source: Central Coordinating Register, fetched 29 October 2026. Only names are shown.
- Parent company
- Nistadgruppen AS (Norway)
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 31 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 | 38 | 35 | 48 | |
| Rank | 626 | 760 | 543 | |
| Operating margin | 33.1% | 16.0% | 31.3% | |
| Return on assets | 36.1% | 19.9% | 31.1% | |
| Equity ratio | 1.6% | 0.3% | 0.3% | |
| Current ratio | 0.13 | 0.38 | 0.23 | |
| Revenue growth | – | −16.6% | 26.9% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 41.0 MNOK | 34.2 MNOK | 43.4 MNOK |
| Operating profit | 13.6 MNOK | 5.5 MNOK | 13.6 MNOK |
| Profit before tax | 13.4 MNOK | 6.5 MNOK | 12.7 MNOK |
| Net profit | 10.5 MNOK | 5.1 MNOK | 9.9 MNOK |
| Financial expenses | 1.1 MNOK | 1.1 MNOK | 6.3 MNOK |
| Total assets | 40.1 MNOK | 38.1 MNOK | 61.1 MNOK |
| Current assets | 3.9 MNOK | 9.7 MNOK | 6.0 MNOK |
| Equity | 0.6 MNOK | 0.1 MNOK | 0.2 MNOK |
| Retained earnings | 0.5 MNOK | – | – |
| Total liabilities | 39.5 MNOK | 38.0 MNOK | 61.0 MNOK |
| Current liabilities | 30.0 MNOK | 25.9 MNOK | 25.8 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 29 October 2026, accounts id 5115963.
Further
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