WATERSTOP AS
Score · fiscal year 2025
61of 100
How to read this: the company is ahead of 71 % of companies in the Morning class Small in the same sector in 2025. What does this mean?
Rank in the Morning class Small: 2,142 of 7,421 · What are Morning company classes?
Place in the whole sector: 6,544 of 23,059 · Handel
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 93 and solidity 25 out of 100 among companies in the Morning class Small in the same sector in 2025. Methodology
Against the sector
WATERSTOP AS is 10 points above the median for companies in the Morning class Small in the same sector in 2025.
Median score 51 among 7,421 companies.
Against companies in the Morning class Small in the same sector in 2025: operating margin 17.5% (median 3.4%) and equity ratio 18.3% (median 36.3%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 10 MNOK | 20 MNOK |
| Operating margin | 17.5% | 3.4% |
| Profit margin | 16.4% | 3.0% |
| Return on assets | 36.8% | 10.0% |
| Equity ratio | 18.3% | 36.3% |
| Debt-to-equity | 4.48 | 1.52 |
| Current ratio | 2.28 | 1.73 |
| Revenue growth | 23.0% | 5.7% |
The median and “ahead of” refer to companies in the Morning class Small in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 61, WATERSTOP AS does better than 71% of companies in the Morning class Small in the same sector (7,421 companies) in 2025.
Score 2023–2025
- WATERSTOP AS
- Median: companies in the Morning class Small in the same sector
WATERSTOP AS has a score of 61 for 2025, rank 6,544 of 23,059 in the sector.
Strongest: Profitability: percentile 93 against peers, operating margin 17.5% against a median of 3.4%. Growth: percentile 80 against peers, revenue growth 23.0% against a median of 5.7%.
Weakest: Solidity: percentile 25 against peers, equity ratio 18.3% against a median of 36.3%. Consistency: percentile 34 against peers.
Worth a closer look
- What lies behind weak solidity, and will it last?
- What lies behind weak consistency, 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
WATERSTOP AS had an operating margin of 17.5% and an equity ratio of 18.3% in 2025, and ranks 6,544 of 23,059 in Handel.
From 2024 to 2025: the operating margin rose from −6.6% to 17.5% and went from a loss to a profit before tax.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 1 MNOK and 15 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 15 MNOK |
| EV/EBIT | 8.0 | 15 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
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 3.3% 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 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 11 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 93 | weight 30% |
|---|---|---|
| Solidity | 25 | weight 25% |
| Liquidity | 66 | weight 15% |
| Growth | 80 | weight 15% |
| Consistency | 34 | weight 15% |
Durability: 36 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is WATERSTOP AS?
The operating margin was 17.5% in 2025, against a median of 3.4% among companies in the Morning class Small in the same sector. Return on assets was 36.8%.
How solid is WATERSTOP AS?
The equity ratio was 18.3% in 2025 (median 36.3%). Debt-to-equity was 4.48 (median 1.52).
What is the liquidity of WATERSTOP AS like?
The current ratio was 2.28 in 2025 (median 1.73).
How does WATERSTOP AS compare in Handel?
WATERSTOP AS ranks 6,544 of 23,059 in Handel for 2025. Among companies in the Morning class Small it is number 2,142 of 7,421. Revenue changed by 23.0% from the year before.
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.
- 992205008
- Legal form
- AS · part of a group
- Sector
- Handel (46.900)
- Morning company class
- Small
- Employees
- 0–4 (not registered)
- Founded
- 9 January 2008 18 years in operation
- Share capital
- 0.10 MNOK
- Business address
- Heistadtangen 24, 3941 PORSGRUNN
- Municipality
- Porsgrunn rank 5–12 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
- Chief executive
- Stein Erling Hansen
- Chair of the board
- Stein Erling Hansen
- Auditor
- CEDRA NORGE AS
- Accountant
- FINANS & REGNSKAP 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 | 24 | 22 | 61 | |
| Rank | 17,787 | 20,055 | 6,544 | |
| Operating margin | −1.0% | −6.6% | 17.5% | |
| Return on assets | −0.8% | −17.0% | 36.8% | |
| Equity ratio | 7.4% | −17.7% | 18.3% | |
| Current ratio | 0.97 | 0.75 | 2.28 | |
| Revenue growth | – | 49.5% | 23.0% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 5.6 MNOK | 8.3 MNOK | 10.2 MNOK |
| Operating profit | −0.1 MNOK | −0.5 MNOK | 1.8 MNOK |
| Profit before tax | −0.1 MNOK | −1.0 MNOK | 1.7 MNOK |
| Net profit | −0.1 MNOK | −1.0 MNOK | 1.5 MNOK |
| Financial expenses | 0.0 MNOK | 0.5 MNOK | 0.1 MNOK |
| Total assets | 5.8 MNOK | 3.2 MNOK | 4.9 MNOK |
| Current assets | 5.2 MNOK | 2.8 MNOK | 4.6 MNOK |
| Equity | 0.4 MNOK | −0.6 MNOK | 0.9 MNOK |
| Retained earnings | 0.3 MNOK | −0.7 MNOK | 0.8 MNOK |
| Total liabilities | 5.4 MNOK | 3.7 MNOK | 4.0 MNOK |
| Current liabilities | 5.4 MNOK | 3.7 MNOK | 2.0 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 29 October 2026, accounts id 6647610.
Further
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