MIDT-NORSK VVS AS
Score · fiscal year 2025
50of 100
How to read this: the company is ahead of 49 % of small companies in the same sector in 2025. What does this mean?
Rank: 16,681 of 32,582 · Bygg og anlegg
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 25 and solidity 55 out of 100 among small companies in the same sector in 2025. Methodology
Against the sector
MIDT-NORSK VVS AS is at the median for small companies in the same sector in 2025.
Median score 50 among 31,472 companies.
Against small companies in the same sector in 2025: operating margin −2.2% (median 3.7%) and equity ratio 46.7% (median 36.5%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 14 MNOK | 3 MNOK |
| Operating margin | −2.2% | 3.7% |
| Profit margin | −2.8% | 3.4% |
| Return on assets | −7.2% | 5.7% |
| Equity ratio | 46.7% | 36.5% |
| Debt-to-equity | 1.14 | 1.20 |
| Current ratio | 2.24 | 1.45 |
| Revenue growth | 15.5% | 3.0% |
| Revenue per employee | 1.35 MNOK | 1.46 MNOK |
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 50, MIDT-NORSK VVS AS does better than 49% of small companies in the same sector (31,720 companies) in 2025.
Score 2023–2025
- MIDT-NORSK VVS AS
- Median: small companies in the same sector
MIDT-NORSK VVS AS has a score of 50 for 2025, rank 16,681 of 32,582 in the sector.
Strongest: Liquidity: percentile 70 against peers, current ratio 2.24 against a median of 1.45. Growth: percentile 64 against peers, revenue growth 15.5% against a median of 3.0%.
Weakest: Profitability: percentile 25 against peers, operating margin −2.2% against a median of 3.7%.
Worth a closer look
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin −2.8% (median 3.4%).
- What lies behind weak profitability, 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
MIDT-NORSK VVS AS had an operating margin of −2.2% and an equity ratio of 46.7% in 2025, and ranks 16,681 of 32,582 in Bygg og anlegg.
From 2024 to 2025: went from a profit to a loss before tax and the operating margin fell from 8.8% to −2.2%.
This text is generated automatically from the 2025 accounts.
Three simple methods
One method gives a figure: 2 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 2 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
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −2.8% (median 3.4%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
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 2.5%. 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 | 25 | weight 30% |
|---|---|---|
| Solidity | 55 | weight 25% |
| Liquidity | 70 | weight 15% |
| Growth | 64 | weight 15% |
| Consistency | 54 | weight 15% |
Durability: 60 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is MIDT-NORSK VVS AS?
The operating margin was −2.2% in 2025, against a median of 3.7% among small companies in the same sector. Return on assets was −7.2%. The company made a loss before tax.
How solid is MIDT-NORSK VVS AS?
The equity ratio was 46.7% in 2025 (median 36.5%). Debt-to-equity was 1.14 (median 1.20).
What is the liquidity of MIDT-NORSK VVS AS like?
The current ratio was 2.24 in 2025 (median 1.45).
How does MIDT-NORSK VVS AS compare in Bygg og anlegg?
MIDT-NORSK VVS AS ranks 16,681 of 32,582 in Bygg og anlegg for 2025. Among companies of the same size (small companies) it ranks 16,116 of 31,720. Revenue changed by 15.5% from the year before.
From the Central Coordinating Register
- Org. no.
- 898290182
- Legal form
- AS
- Sector
- Bygg og anlegg (43.221)
- Size tier
- small
- Employees
- 10 registered 10 August 2026
- Founded
- 29 March 2012 14 years in operation
- Share capital
- 0.09 MNOK
- Business address
- Nessjordet 1, 7670 INDERØY
- Municipality
- Inderøy rank 10–22 of 40 in KOSTRA group 1
- 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
- Kent-André Smulan
- Chair of the board
- Roar Kjetil Langø
- Board member
- Kent-André Smulan
- Auditor
- BDO AS
- Accountant
- ELITE REGNSKAP 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 | 66 | 65 | 50 | |
| Rank | 6,720 | 6,543 | 16,681 | |
| Operating margin | 5.9% | 8.8% | −2.2% | |
| Return on assets | 13.6% | 16.9% | −7.2% | |
| Equity ratio | 52.3% | 44.9% | 46.7% | |
| Current ratio | 2.47 | 2.23 | 2.24 | |
| Revenue growth | – | 32.6% | 15.5% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 8.8 MNOK | 11.7 MNOK | 13.5 MNOK |
| Operating profit | 0.5 MNOK | 1.0 MNOK | −0.3 MNOK |
| Profit before tax | 0.5 MNOK | 1.0 MNOK | −0.4 MNOK |
| Net profit | 0.4 MNOK | 0.8 MNOK | −0.3 MNOK |
| Financial expenses | 0.1 MNOK | 0.1 MNOK | – |
| Total assets | 3.8 MNOK | 6.2 MNOK | 5.3 MNOK |
| Current assets | 2.2 MNOK | 3.7 MNOK | 3.3 MNOK |
| Equity | 2.0 MNOK | 2.8 MNOK | 2.5 MNOK |
| Retained earnings | 2.0 MNOK | 2.7 MNOK | 2.4 MNOK |
| Total liabilities | 1.8 MNOK | 3.4 MNOK | 2.8 MNOK |
| Current liabilities | 0.9 MNOK | 1.7 MNOK | 1.5 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 7092433.
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