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B. VATN AS

Org. no. 911818337 · TINGVOLL · Founded 2013

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Score · fiscal year 2025

41of 100

How to read this: the company is ahead of 33 % of small companies in the same sector in 2025. What does this mean?

Rank: 21,942 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 61 and solidity 17 out of 100 among small companies in the same sector in 2025. Methodology

Against the sector

B. VATN AS is 9 points below the median for small companies in the same sector in 2025.

Median score 50 among 31,471 companies.

Against small companies in the same sector in 2025: operating margin 8.1% (median 3.7%) and equity ratio 9.8% (median 36.5%).

Source: Register of Company Accounts and Central Coordinating RegisterFetched 26 October 2026Report an issue
Key figures · 2025

The numbers behind the score

The numbers behind the score · 2025
MeasureCompanyMedianAhead of
Operating revenue3 MNOK3 MNOK
Operating margin 8.1% 3.7% 66 %
Profit margin 4.8% 3.4% shown, not part of the index
Return on assets 8.5% 5.7% 56 %
Equity ratio 9.8% 36.5% 25 %
Debt-to-equity 9.15 1.20 9 %
Current ratio 0.19 1.45 7 %
Revenue growth 40.4% 3.0% 80 %

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 41, B. VATN AS does better than 33% of small companies in the same sector (31,719 companies) in 2025.

Over time

Score 2023–2025

CompanyMedian0255075100202320242025
  • B. VATN AS
  • Median: small companies in the same sector
Summary analysis

B. VATN AS has a score of 41 for 2025, rank 21,942 of 32,581 in the sector.

Strongest: Growth: percentile 80 against peers, revenue growth 40.4% against a median of 3.0%. Profitability: percentile 61 against peers, operating margin 8.1% against a median of 3.7%.

Weakest: Liquidity: percentile 7 against peers, current ratio 0.19 against a median of 1.45. Solidity: percentile 17 against peers, equity ratio 9.8% against a median of 36.5%.

Worth a closer look

  • Consider strengthening liquidity: current liabilities are 5.3 times current assets. Based on: current ratio 0.19 (median 1.45).
  • The equity ratio is very low. Could the company absorb a bad year, and does it need more equity? Based on: equity ratio 9.8% (median 36.5%).
  • Strong growth with weak liquidity. Is the growth financed, or does it tie up capital the company does not have? Based on: revenue growth 40.4% (median 3.0%); current ratio 0.19 (median 1.45).
  • What lies behind weak solidity, 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

Analysis · 2025

What the numbers say

B. VATN AS had an operating margin of 8.1% and an equity ratio of 9.8% in 2025, and ranks 21,942 of 32,581 in Bygg og anlegg.

From 2024 to 2025: went from a loss to a profit before tax and the operating margin rose from −11.4% to 8.1%.

This text is generated automatically from the 2025 accounts.

Estimated value · 2025

Three simple methods

The methods give between 0 MNOK and 2 MNOK.

MethodInputMultipleEstimate
P/E Net profit: 0.1 MNOK 10.0 1 MNOK
EV/EBIT Operating profit: 0.3 MNOK
minus net debt −0.3 MNOK		 8.0 2 MNOK
P/B Equity: 0.3 MNOK 1.0 0 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

Indications · 2025

Worth a closer look

  • critical

    Consider strengthening liquidity: current liabilities are 5.3 times current assets.

    Based on: Current ratio 0.19 (median 1.45).

  • watch

    The equity ratio is very low. Could the company absorb a bad year, and does it need more equity?

    Based on: Equity ratio 9.8% (median 36.5%).

  • watch

    Strong growth with weak liquidity. Is the growth financed, or does it tie up capital the company does not have?

    Based on: Revenue growth 40.4% (median 3.0%); Current ratio 0.19 (median 1.45).

Indications based on the latest annual accounts from open data. Not investment or financial advice.

Financial costs were 3.8% 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.

Stress test · 2022

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

Components · 2025

What the score is made of

Profitability61 weight 30%
Solidity17 weight 25%
Liquidity7 weight 15%
Growth80 weight 15%
Consistency36 weight 15%

Durability: 35 (average over 3 years)

Index version 2. Data completeness 100%: the share of the weights that had data.

2025

Questions and answers

How profitable is B. VATN AS?

The operating margin was 8.1% in 2025, against a median of 3.7% among small companies in the same sector. Return on assets was 8.5%.

How solid is B. VATN AS?

The equity ratio was 9.8% in 2025 (median 36.5%). Debt-to-equity was 9.15 (median 1.20).

What is the liquidity of B. VATN AS like?

The current ratio was 0.19 in 2025 (median 1.45). Current assets did not cover current liabilities.

How does B. VATN AS compare in Bygg og anlegg?

B. VATN AS ranks 21,942 of 32,581 in Bygg og anlegg for 2025. Among companies of the same size (small companies) it ranks 21,162 of 31,719. Revenue changed by 40.4% from the year before.

From the Central Coordinating Register

Org. no.
911818337
Legal form
AS
Sector
Bygg og anlegg (43.120)
Size tier
small
Employees
0–4 (not registered)
Founded
5 April 2013 13 years in operation
Share capital
0.09 MNOK
Business address
Svebakkvegen 47, 6670 ØYDEGARD (TINGVOLL)
Municipality
Tingvoll rank 8–22 of 33 in KOSTRA group 5
Audit
Audit opted out from 22 April 2013
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
Bjørnar Vatn
Chair of the board
Bjørnar Vatn
Board member
Nils Jørgen Strømsvåg
Board member
Kristin Waagen
Accountant
SPAREBANK 1 ØKONOMIPARTNER NORDMØRE 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.

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Figures last fetched 26 October 2026.

Details

Year by year · 2023–2025

Key figure202320242025Trend
Index452041
Rank17,11427,78721,942
Operating margin20.4%−11.4%8.1%
Return on assets21.1%−13.4%8.5%
Equity ratio18.7%8.1%9.8%
Current ratio0.300.200.19
Revenue growth–−9.2%40.4%

Accounts

From the Brønnøysund Register Centre, in the company's reporting currency (NOK).

Key figure202320242025
Operating revenue2.4 MNOK2.2 MNOK3.1 MNOK
Operating profit0.5 MNOK−0.3 MNOK0.3 MNOK
Profit before tax0.5 MNOK−0.3 MNOK0.1 MNOK
Net profit0.4 MNOK−0.3 MNOK0.1 MNOK
Financial expenses0.0 MNOK0.1 MNOK0.1 MNOK
Total assets2.3 MNOK1.8 MNOK3.0 MNOK
Current assets0.6 MNOK0.3 MNOK0.5 MNOK
Equity0.4 MNOK0.1 MNOK0.3 MNOK
Retained earnings0.4 MNOK0.1 MNOK0.2 MNOK
Total liabilities1.9 MNOK1.6 MNOK2.7 MNOK
Current liabilities1.9 MNOK1.6 MNOK2.7 MNOK

Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 6788062.

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