EST AS
Score · fiscal year 2025
65of 100
How to read this: the company is ahead of 78 % of small companies in the same sector in 2025. What does this mean?
Rank: 4,412 of 20,440 · Bygg og anlegg
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 92 and solidity 98 out of 100 among small companies in the same sector in 2025. Methodology
Against the sector
EST AS is 15 points above the median for small companies in the same sector in 2025.
Median score 50 among 19,508 companies.
Against small companies in the same sector in 2025: operating margin 29.6% (median 3.9%) and equity ratio 90.4% (median 33.3%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 1 MNOK | 5 MNOK |
| Operating margin | 29.6% | 3.9% |
| Profit margin | 26.1% | 3.5% |
| Return on assets | 33.1% | 9.0% |
| Equity ratio | 90.4% | 33.3% |
| Debt-to-equity | 0.11 | 1.56 |
| Current ratio | 0.17 | 1.44 |
| Revenue growth | −14.1% | 6.1% |
The median and “ahead of” refer to small companies in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 65, EST AS does better than 78% of small companies in the same sector (19,515 companies) in 2025.
Score 2023–2025
- EST AS
- Median: small companies in the same sector
EST AS has a score of 65 for 2025, rank 4,412 of 20,440 in the sector.
Strongest: Solidity: percentile 98 against peers, equity ratio 90.4% against a median of 33.3%. Profitability: percentile 92 against peers, operating margin 29.6% against a median of 3.9%.
Weakest: Liquidity: percentile 2 against peers, current ratio 0.17 against a median of 1.44. Growth: percentile 22 against peers, revenue growth −14.1% against a median of 6.1%.
Worth a closer look
- Consider strengthening liquidity: current liabilities are 5.9 times current assets. Based on: current ratio 0.17 (median 1.44).
- What lies behind weak growth, 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
EST AS had an operating margin of 29.6% and an equity ratio of 90.4% in 2025, and ranks 4,412 of 20,440 in Bygg og anlegg.
From 2024 to 2025: the equity ratio rose from 69.4% to 90.4% and the operating margin rose from 21.8% to 29.6%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 1 MNOK and 2 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 2 MNOK |
| EV/EBIT | 8.0 | 2 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 5.9 times current assets.
Based on: Current ratio 0.17 (median 1.44).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 41.2% 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 2021, the sector's weakest year, for this company.
The sector's weakest year was 2021, with a median operating margin of 1.8%. 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 | 92 | weight 30% |
|---|---|---|
| Solidity | 98 | weight 25% |
| Liquidity | 2 | weight 15% |
| Growth | 22 | weight 15% |
| Consistency | 63 | weight 15% |
Durability: 68 (average over 2 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is EST AS?
The operating margin was 29.6% in 2025, against a median of 3.9% among small companies in the same sector. Return on assets was 33.1%.
How solid is EST AS?
The equity ratio was 90.4% in 2025 (median 33.3%). Debt-to-equity was 0.11 (median 1.56).
What is the liquidity of EST AS like?
The current ratio was 0.17 in 2025 (median 1.44). Current assets did not cover current liabilities.
How does EST AS compare in Bygg og anlegg?
EST AS ranks 4,412 of 20,440 in Bygg og anlegg for 2025. Among companies of the same size (small companies) it ranks 4,231 of 19,515. Revenue changed by −14.1% from the year before.
From the Central Coordinating Register
- Org. no.
- 897898152
- Legal form
- AS
- Sector
- Bygg og anlegg (41.000)
- Size tier
- small
- Employees
- 0–4 (not registered)
- Founded
- 20 January 2012 14 years in operation
- Share capital
- 0.03 MNOK
- Business address
- c/o E Spinnangr, Dalsveien 2C, 4550 FARSUND
- Municipality
- Farsund rank 5–15 of 40 in KOSTRA group 1
- Audit
- Audit opted out from 30 January 2012
- 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
- Erik Spinnangr
- Chair of the board
- Erik Spinnangr
- Deputy member
- Silje Spinnangr Hansen
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 | – | 71 | 65 | |
| Rank | – | 2,636 | 4,412 | |
| Operating margin | 4.8% | 21.8% | 29.6% | |
| Return on assets | 7.1% | 28.6% | 33.1% | |
| Equity ratio | 86.3% | 69.4% | 90.4% | |
| Current ratio | 0.56 | 0.34 | 0.17 | |
| Revenue growth | – | 87.2% | −14.1% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 0.6 MNOK | 1.2 MNOK | 1.0 MNOK |
| Operating profit | 0.0 MNOK | 0.3 MNOK | 0.3 MNOK |
| Profit before tax | 0.0 MNOK | 0.3 MNOK | 0.3 MNOK |
| Net profit | 0.0 MNOK | 0.2 MNOK | 0.2 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Total assets | 0.5 MNOK | 0.9 MNOK | 0.9 MNOK |
| Current assets | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Equity | 0.4 MNOK | 0.6 MNOK | 0.8 MNOK |
| Retained earnings | 0.4 MNOK | 0.6 MNOK | 0.8 MNOK |
| Total liabilities | 0.1 MNOK | 0.3 MNOK | 0.1 MNOK |
| Current liabilities | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 6653984.
Further
Similar companies
- MALMIN ENTREPRENØR AS index 65, rank 4,409 · compare
- PREG BOLIG AS index 65, rank 4,410 · compare
- FLANDER ELEKTRO AS index 65, rank 4,411 · compare
- RØNNING INSTALLASJON AS index 65, rank 4,413 · compare
- VAGLE MASKIN AS index 65, rank 4,414 · compare