Surface Dynamics AS
Not financial advice. The index, rank, signals and advice are rule-based indications from the latest filed annual accounts. They are not a credit rating, an assessment of management or a recommendation to buy, sell or do business with the company. Read more
Score · fiscal year 2024
60of 100
How to read this: the company is ahead of 69 % of companies in the Morning class Small in the same sector in 2024. What does this mean?
Rank in the Morning class Small: 483 of 1,553 · What are Morning company classes?
Place in the whole sector: 1,731 of 5,456 · Teknisk tjenesteyting og forskning
Profile
Lion · Leader
High profitability, high resilience
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 52 and resilience 77 out of 100 among companies in the Morning class Small in the same sector in 2024. Methodology
Against the sector
Surface Dynamics AS is 9 points above the median for companies in the Morning class Small in the same sector in 2024.
Median score 51 among 1,553 companies.
Against companies in the Morning class Small in the same sector in 2024: operating margin 6.7% (median 4.9%) and equity ratio 56.1% (median 32.8%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 15 MNOK | 19 MNOK |
| Operating margin | 6.7% | 4.9% |
| Profit margin | 6.9% | 5.3% |
| Return on assets | 11.8% | 12.4% |
| Equity ratio | 56.1% | 32.8% |
| Debt-to-equity | 0.78 | 1.90 |
| Current ratio | 2.17 | 1.40 |
| Revenue growth | 24.2% | 7.2% |
| Revenue per employee | 1.72 MNOK | 1.65 MNOK |
The median and “ahead of” refer to companies in the Morning class Small in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
With an index of 60, Surface Dynamics AS does better than 69% of companies in the Morning class Small in the same sector (1,553 companies) in 2024.
Score 2023–2025
- Surface Dynamics AS
- Median: companies in the Morning class Small in the same sector
What the numbers say
Surface Dynamics AS had an operating margin of 6.7% and an equity ratio of 56.1% in 2024, and ranks 1,731 of 5,456 in Teknisk tjenesteyting og forskning.
From 2023 to 2024: the operating margin fell from 12.3% to 6.7% and revenue grew by 24%.
This text is generated automatically from the 2024 accounts.
Three simple methods
The methods give between 7 MNOK and 14 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 14.9 | 10 MNOK |
| EV/EBIT | 14.3 | 14 MNOK |
| P/B | 2.3 | 7 MNOK |
| EV/EBIT: from enterprise value to equity | NOK |
|---|---|
| Enterprise value (EV) at the listed multiple | 18 MNOK |
| Enterprise value after the size adjustment | 11 MNOK |
| Less net debt (rough figure) | −3 MNOK |
| Equity value | 14 MNOK |
Net debt is a rough figure: long-term liabilities minus cash. The accounts do not split interest-bearing debt from other liabilities, and short-term borrowings are not included. The size adjustment applies to the enterprise value, not to the debt.
The listed basis is the value at listed multiples. The estimate is lowered for size: a small-company premium of 4% on the cost of equity gives a value 38% lower. No separate marketability discount is applied, because the premium already allows for the company being small and unlisted.
The multiples are from the listed industry that matches the NACE code (71.1): Engineering/Construction.
Not financial advice. The value range is a rough model estimate from listed-company multiples, not a valuation, a price target or a price offer. The actual value may differ greatly. Read more
A mechanical estimate from public accounts, not advice. A mechanical estimate from public accounts with listed multiples and fixed adjustments. Not a valuation and not advice to buy or sell. 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 0.3% of the debt in 2024. The policy rate averaged 4.50 % 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 −0.2%. Based on the 8 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 52 | weight 40% |
|---|---|---|
| Solidity | 80 | weight 20% |
| Liquidity | 82 | weight 5% |
| Growth | 47 | weight 25% |
| Consistency | 69 | weight 10% |
Three goals: profitability 40%, growth 25%, resilience 35%. Why these weights?
Durability: 67 (average over 2 years)
Index version 3. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Surface Dynamics AS?
The operating margin was 6.7% in 2024, against a median of 4.9% among companies in the Morning class Small in the same sector. Return on assets was 11.8%.
How solid is Surface Dynamics AS?
The equity ratio was 56.1% in 2024 (median 32.8%). Debt-to-equity was 0.78 (median 1.90).
What is the liquidity of Surface Dynamics AS like?
The current ratio was 2.17 in 2024 (median 1.40).
How does Surface Dynamics AS compare in Teknisk tjenesteyting og forskning?
Surface Dynamics AS ranks 1,731 of 5,456 in Teknisk tjenesteyting og forskning for 2024. Among companies in the Morning class Small it is number 483 of 1,553. Revenue changed by 24.2% from the year before.
Group structure · 2025
2 companies in the group according to the shareholder register for 2025. A company counts as a subsidiary when a Norwegian company owns more than half of its shares.
Private persons own 100% of the shares in Gravermoen AS. Persons are not shown by name.
Gravermoen AS has not filed group accounts in open data, so the group has no index of its own. Each company has its own accounts.
The group in figures
- Sectors
- Teknisk tjenesteyting og forskning (2 companies) 2 of 2 companies in the tree have accounts with us. Sectors are sorted by the companies' own revenue, which includes sales between the group's companies.
- Employees in Norway
- 9 in all. Kristiansand 9 Registered employees in the Central Coordinating Register, by the municipality of the business address. Employees may work elsewhere.
-
Gravermoen AS
- Surface Dynamics AS you are here
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.
Source: the Norwegian Tax Administration's shareholder register 2025 (majority owner with more than 50 % of the shares). Voting agreements and ownership through other countries are not included.
From the Central Coordinating Register
- Org. no.
- 996234282
- Legal form
- AS
- Sector
- Teknisk tjenesteyting og forskning (71.129)
- Morning company class
- Small
- Employees
- 9 registered 10 October 2026
- Founded
- 10 November 2010 15 years in operation
- Share capital
- 0.11 MNOK
- Business address
- Bråvannskleiva 1, 4624 KRISTIANSAND S
- Municipality
- Kristiansand rank 2–6 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
Loading roles …
Source: Central Coordinating Register, fetched 1 November 2026. Only names are shown.
Shareholders (2025)
- Number of shareholders
- 3 (one owner holds more than half)
- Largest owner
- 86.0%
- Split
- companies 96% · private persons 4% · foreign 0%
- Owned from the same municipality
- 100%
- Group chain
-
Owned by: Gravermoen AS (86%)
Ultimate owner: private person
- Gravermoen AS · 86.0%
- Gjestrud AS · 10.0%
- 1 private persons · 4.0%
The company is new in the shareholder register in 2025.
Source: the Norwegian Tax Administration's shareholder register as of 2025. Figures may be older than today's ownership. Private persons are not shown by name.
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.
Is this your company? Suggest changes or add information
Figures last fetched 6 November 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 74 | 60 | 82 | |
| Rank | 750 | 1,731 | 122 | |
| Operating margin | 12.3% | 6.7% | 23.8% | |
| Return on assets | 20.1% | 11.8% | 35.6% | |
| Equity ratio | 55.6% | 56.1% | 59.6% | |
| Current ratio | 2.13 | 2.17 | 2.39 | |
| Revenue growth | – | 24.2% | 22.6% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 12.5 MNOK | 15.5 MNOK | 19.0 MNOK |
| Operating profit | 1.5 MNOK | 1.0 MNOK | 4.5 MNOK |
| Profit before tax | 1.5 MNOK | 1.1 MNOK | 4.7 MNOK |
| Tax expense | 0.3 MNOK | 0.2 MNOK | 1.0 MNOK |
| Net profit | 1.2 MNOK | 0.8 MNOK | 3.7 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Total assets | 7.7 MNOK | 9.2 MNOK | 13.1 MNOK |
| Current assets | 6.2 MNOK | 7.6 MNOK | 11.4 MNOK |
| Equity | 4.3 MNOK | 5.1 MNOK | 7.8 MNOK |
| Retained earnings | 4.2 MNOK | 5.0 MNOK | 7.7 MNOK |
| Total liabilities | 3.4 MNOK | 4.0 MNOK | 5.3 MNOK |
| Current liabilities | 2.9 MNOK | 3.5 MNOK | 4.8 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 6 November 2026, accounts id 5994903.
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