INDUNOR AS
Score · fiscal year 2025
63of 100
How to read this: the company is ahead of 79 % of medium-sized companies in the same sector in 2025. What does this mean?
Rank: 7,647 of 32,581 · Bygg og anlegg
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 79 and solidity 42 out of 100 among medium-sized companies in the same sector in 2025. Methodology
Against the sector
INDUNOR AS is 13 points above the median for medium-sized companies in the same sector in 2025.
Median score 50 among 1,024 companies.
Against medium-sized companies in the same sector in 2025: operating margin 7.2% (median 4.6%) and equity ratio 27.7% (median 31.2%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 256 MNOK | 176 MNOK |
| Operating margin | 7.2% | 4.6% |
| Profit margin | 7.6% | 4.6% |
| Return on assets | 27.8% | 10.7% |
| Equity ratio | 27.7% | 31.2% |
| Debt-to-equity | 2.60 | 2.19 |
| Current ratio | 1.35 | 1.36 |
| Revenue growth | 42.7% | 6.6% |
| Revenue per employee | 2.87 MNOK | 3.09 MNOK |
The median and “ahead of” refer to medium-sized companies in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 63, INDUNOR AS does better than 79% of medium-sized companies in the same sector (1,030 companies) in 2025.
Score 2023–2025
- INDUNOR AS
- Median: medium-sized companies in the same sector
INDUNOR AS has a score of 63 for 2025, rank 7,647 of 32,581 in the sector.
Strongest: Growth: percentile 86 against peers, revenue growth 42.7% against a median of 6.6%. Profitability: percentile 79 against peers, operating margin 7.2% against a median of 4.6%.
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
INDUNOR AS had an operating margin of 7.2% and an equity ratio of 27.7% in 2025, and ranks 7,647 of 32,581 in Bygg og anlegg.
From 2024 to 2025: revenue grew by 43% and the operating margin rose from 1.5% to 7.2%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 20 MNOK and 152 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 152 MNOK |
| EV/EBIT | 8.0 | 149 MNOK |
| P/B | 1.0 | 20 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 1.6% 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
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 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 | 79 | weight 30% |
|---|---|---|
| Solidity | 42 | weight 25% |
| Liquidity | 49 | weight 15% |
| Growth | 86 | weight 15% |
| Consistency | 59 | weight 15% |
Durability: 57 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is INDUNOR AS?
The operating margin was 7.2% in 2025, against a median of 4.6% among medium-sized companies in the same sector. Return on assets was 27.8%.
How solid is INDUNOR AS?
The equity ratio was 27.7% in 2025 (median 31.2%). Debt-to-equity was 2.60 (median 2.19).
What is the liquidity of INDUNOR AS like?
The current ratio was 1.35 in 2025 (median 1.36).
How does INDUNOR AS compare in Bygg og anlegg?
INDUNOR AS ranks 7,647 of 32,581 in Bygg og anlegg for 2025. Among companies of the same size (medium-sized companies) it ranks 220 of 1,030. Revenue changed by 42.7% from the year before.
From the Central Coordinating Register
- Org. no.
- 814184072
- Legal form
- AS
- Sector
- Bygg og anlegg (43.320)
- Size tier
- medium
- Employees
- 89 registered 10 October 2026
- Founded
- 1 August 2014 12 years in operation
- Share capital
- 0.03 MNOK
- Business address
- Østensjøveien 15C, 0661 OSLO
- Municipality
- Oslo rank 63–221 of 357 in Norway
- Latest accounts filed
- 2025
- Website
- www.indunor.no
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
- Tore Christoffer Berg
- Chair of the board
- Erlend Skalleberg
- Auditor
- TELL NORGE AS
- Accountant
- SKILLEBEKK 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 26 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 55 | 53 | 63 | |
| Rank | 12,097 | 13,745 | 7,647 | |
| Operating margin | 6.0% | 1.5% | 7.2% | |
| Return on assets | 19.6% | 10.0% | 27.8% | |
| Equity ratio | 24.3% | 40.4% | 27.7% | |
| Current ratio | 1.30 | 1.65 | 1.35 | |
| Revenue growth | – | −14.7% | 42.7% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 210.1 MNOK | 179.2 MNOK | 255.7 MNOK |
| Operating profit | 12.5 MNOK | 2.6 MNOK | 18.4 MNOK |
| Profit before tax | 11.6 MNOK | 2.8 MNOK | 19.5 MNOK |
| Net profit | 9.0 MNOK | 2.2 MNOK | 15.2 MNOK |
| Financial expenses | 2.3 MNOK | 1.4 MNOK | 0.8 MNOK |
| Total assets | 70.8 MNOK | 42.5 MNOK | 73.1 MNOK |
| Current assets | 69.5 MNOK | 41.7 MNOK | 71.1 MNOK |
| Equity | 17.2 MNOK | 17.2 MNOK | 20.3 MNOK |
| Retained earnings | 17.1 MNOK | 17.1 MNOK | 20.2 MNOK |
| Total liabilities | 53.6 MNOK | 25.3 MNOK | 52.8 MNOK |
| Current liabilities | 53.6 MNOK | 25.3 MNOK | 52.8 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 7035648.
Further
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