KURT NORHEIM AS
Score · fiscal year 2023
85of 100
How to read this: the company is ahead of 96 % of small companies in the same sector in 2023. What does this mean?
Rank: 1,022 of 28,994 · Bygg og anlegg
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2023, not a verdict on the company. Based on profitability 81 and solidity 83 out of 100 among small companies in the same sector in 2023. Methodology
Against the sector
KURT NORHEIM AS is 35 points above the median for small companies in the same sector in 2023.
Median score 50 among 27,966 companies.
Against small companies in the same sector in 2023: operating margin 45.8% (median 4.1%) and equity ratio 79.0% (median 36.8%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 2 MNOK | 3 MNOK |
| Operating margin | 45.8% | 4.1% |
| Profit margin | 51.3% | 3.8% |
| Return on assets | 14.7% | 5.9% |
| Equity ratio | 79.0% | 36.8% |
| Debt-to-equity | 0.27 | 1.24 |
| Current ratio | 8.43 | 1.44 |
| Revenue growth | – | 2.6% |
The median and “ahead of” refer to small companies in the same sector in 2023. The bar shows the share of companies the figure is ahead of.
With an index of 85, KURT NORHEIM AS does better than 96% of small companies in the same sector (28,016 companies) in 2023.
Score 2023–2025
- KURT NORHEIM AS
- Median: small companies in the same sector
What the numbers say
KURT NORHEIM AS had an operating margin of 45.8% and an equity ratio of 79.0% in 2023, and ranks 1,022 of 28,994 in Bygg og anlegg.
This text is generated automatically from the 2023 accounts.
Three simple methods
The methods give between 6 MNOK and 8 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 8 MNOK |
| EV/EBIT | 8.0 | 8 MNOK |
| P/B | 1.0 | 6 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
- positive
Upper quartile on profitability, solidity and liquidity. What sets this company apart from the rest of the sector?
Based on: Operating margin 45.8% (median 4.1%); Equity ratio 79.0% (median 36.8%); Current ratio 8.43 (median 1.44).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 2.6% of the debt in 2023. The policy rate averaged 3.54 % 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 2.5%. 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 | 81 | weight 30% |
|---|---|---|
| Solidity | 83 | weight 25% |
| Liquidity | 92 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 92 | weight 15% |
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is KURT NORHEIM AS?
The operating margin was 45.8% in 2023, against a median of 4.1% among small companies in the same sector. Return on assets was 14.7%.
How solid is KURT NORHEIM AS?
The equity ratio was 79.0% in 2023 (median 36.8%). Debt-to-equity was 0.27 (median 1.24).
What is the liquidity of KURT NORHEIM AS like?
The current ratio was 8.43 in 2023 (median 1.44).
How does KURT NORHEIM AS compare in Bygg og anlegg?
KURT NORHEIM AS ranks 1,022 of 28,994 in Bygg og anlegg for 2023. Among companies of the same size (small companies) it ranks 990 of 28,016.
From the Central Coordinating Register
- Org. no.
- 913822617
- Legal form
- AS
- Sector
- Bygg og anlegg (43.340)
- Size tier
- small
- Employees
- 0–4 (not registered)
- Founded
- 2 April 2014 12 years in operation
- Share capital
- 0.03 MNOK
- Business address
- Hestnes 23, 6869 HAFSLO (LUSTER)
- Municipality
- Luster rank 3 of 33 in KOSTRA group 5
- Audit
- Audit opted out from 6 August 2014
- 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
- Kurt Norheim
- Chair of the board
- Kurt Norheim
- Deputy member
- Silje Kauppi Rørvik
- Accountant
- KVAMME REKNESKAP 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 | 85 | 85 | 81 | |
| Rank | 1,022 | 542 | 1,107 | |
| Operating margin | 45.8% | 45.9% | 51.0% | |
| Return on assets | 14.7% | 16.8% | 15.9% | |
| Equity ratio | 79.0% | 98.8% | 100.9% | |
| Current ratio | 8.43 | 77.59 | – | |
| Revenue growth | – | 6.3% | −2.8% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 2.0 MNOK | 2.1 MNOK | 2.0 MNOK |
| Operating profit | 0.9 MNOK | 1.0 MNOK | 1.0 MNOK |
| Profit before tax | 1.0 MNOK | 1.1 MNOK | 0.9 MNOK |
| Net profit | 0.8 MNOK | 0.9 MNOK | 0.8 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK | 0.2 MNOK |
| Total assets | 7.1 MNOK | 6.6 MNOK | 7.2 MNOK |
| Current assets | 6.6 MNOK | 6.1 MNOK | 6.9 MNOK |
| Equity | 5.6 MNOK | 6.5 MNOK | 7.2 MNOK |
| Retained earnings | 5.6 MNOK | 6.5 MNOK | 7.2 MNOK |
| Total liabilities | 1.5 MNOK | 0.1 MNOK | −0.1 MNOK |
| Current liabilities | 0.8 MNOK | 0.1 MNOK | −0.1 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 5320939.
Further
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