SOLSTAD CONSTRUCTION AS
Score · fiscal year 2023
31of 100
How to read this: the company is ahead of 16 % of medium-sized companies in the same sector in 2023. What does this mean?
Rank: 444 of 565 · Olje og gass
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2023, not a verdict on the company. Based on profitability 81 and solidity 0 out of 100 among medium-sized companies in the same sector in 2023. Methodology
Against the sector
SOLSTAD CONSTRUCTION AS is 17 points below the median for medium-sized companies in the same sector in 2023.
Median score 48 among 132 companies.
Against medium-sized companies in the same sector in 2023: operating margin 78.4% (median 7.8%) and equity ratio −6.8% (median 33.9%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 210 MNOK | 231 MNOK |
| Operating margin | 78.4% | 7.8% |
| Profit margin | 46.5% | 8.1% |
| Return on assets | 17.6% | 9.0% |
| Equity ratio | −6.8% | 33.9% |
| Debt-to-equity | – | 1.59 |
| Current ratio | 0.27 | 1.26 |
| Revenue growth | – | 15.0% |
The median and “ahead of” refer to medium-sized companies in the same sector in 2023. The bar shows the share of companies the figure is ahead of.
With an index of 31, SOLSTAD CONSTRUCTION AS does better than 16% of medium-sized companies in the same sector (132 companies) in 2023.
Score 2023–2025
- SOLSTAD CONSTRUCTION AS
- Median: medium-sized companies in the same sector
What the numbers say
SOLSTAD CONSTRUCTION AS had an operating margin of 78.4% and an equity ratio of −6.8% in 2023, and ranks 444 of 565 in Olje og gass.
This text is generated automatically from the 2023 accounts.
Three simple methods
The methods give between 975 MNOK and 1,378 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 975 MNOK |
| EV/EBIT | 8.0 | 1,378 MNOK |
| P/B | 1.0 | not meaningful |
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
Equity is negative. How will it be rebuilt, and what do lenders and the auditor say about going concern?
Based on: Equity ratio −6.8% (median 33.9%).
- critical
Consider strengthening liquidity: current liabilities are 3.7 times current assets.
Based on: Current ratio 0.27 (median 1.26).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Data quality
- critical Negative equity
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 1.5%. Based on the 5 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 81 | weight 30% |
|---|---|---|
| Solidity | 0 | weight 25% |
| Liquidity | 5 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 8 | weight 15% |
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is SOLSTAD CONSTRUCTION AS?
The operating margin was 78.4% in 2023, against a median of 7.8% among medium-sized companies in the same sector. Return on assets was 17.6%.
How solid is SOLSTAD CONSTRUCTION AS?
The equity ratio was −6.8% in 2023 (median 33.9%). Equity is negative, so liabilities exceed assets.
What is the liquidity of SOLSTAD CONSTRUCTION AS like?
The current ratio was 0.27 in 2023 (median 1.26). Current assets did not cover current liabilities.
How does SOLSTAD CONSTRUCTION AS compare in Olje og gass?
SOLSTAD CONSTRUCTION AS ranks 444 of 565 in Olje og gass for 2023. Among companies of the same size (medium-sized companies) it ranks 111 of 132.
From the Central Coordinating Register
- Org. no.
- 992048883
- Legal form
- AS
- Sector
- Olje og gass (09.109)
- Size tier
- medium
- Employees
- 0–4 (not registered)
- Founded
- 5 December 2007 18 years in operation
- Share capital
- 54.00 MNOK
- Business address
- Nesavegen 39, 4280 SKUDENESHAVN (KARMØY)
- Municipality
- Karmøy rank 4 of 13 in KOSTRA group 10
- 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
- Chair of the board
- Lars Peder Solstad
- Board member
- Kjetil Ramstad
- Auditor
- ERNST & YOUNG AS
Source: Central Coordinating Register, fetched 25 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 26 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 31 | 76 | 47 | |
| Rank | 444 | 20 | 313 | |
| Operating margin | 78.4% | 34.6% | 32.4% | |
| Return on assets | 17.6% | 37.8% | 14.3% | |
| Equity ratio | −6.8% | 35.8% | 51.6% | |
| Current ratio | 0.27 | 2.39 | 0.56 | |
| Revenue growth | – | 532.8% | −70.9% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 209.7 MNOK | 1,326.7 MNOK | 386.5 MNOK |
| Operating profit | 164.3 MNOK | 459.1 MNOK | 125.1 MNOK |
| Profit before tax | 97.5 MNOK | 404.9 MNOK | 95.9 MNOK |
| Net profit | 97.5 MNOK | 428.9 MNOK | 95.9 MNOK |
| Financial expenses | 66.2 MNOK | 56.7 MNOK | 51.7 MNOK |
| Total assets | 932.6 MNOK | 1,220.5 MNOK | 1,034.7 MNOK |
| Current assets | 266.9 MNOK | 561.7 MNOK | 98.4 MNOK |
| Equity | −63.4 MNOK | 437.5 MNOK | 533.4 MNOK |
| Retained earnings | −275.5 MNOK | – | 95.9 MNOK |
| Total liabilities | 996.0 MNOK | 783.0 MNOK | 501.3 MNOK |
| Current liabilities | 994.7 MNOK | 235.1 MNOK | 176.0 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 5421617.
Further
Similar companies
- ALTERA INFRASTRUCTURE PRODUCTION AS index 31, rank 439
- SOLSTAD SUPERIOR AS index 31, rank 441
- ARCHER NORGE AS index 30, rank 452
- CONCEDO AS index 30, rank 453
- NORTH SEA SHIPPING AS index 30, rank 455