AS REGULATOR

Org. no. 915335209 · Bergen · Founded 1951 · 25 employees

Score · fiscal year 2025

76of 100

How to read this: the company is ahead of 93 % of companies in the Morning class Small in the same sector in 2025. What does this mean?

Rank in the Morning class Small: 35 of 488 · What are Morning company classes?
Place in the whole sector: 142 of 2,001 · Industri

Profile

Lion · Leader

High profitability, high solidity

Position against comparable companies in 2025, not a verdict on the company. Based on profitability 78 and solidity 82 out of 100 among companies in the Morning class Small in the same sector in 2025. Methodology

Against the sector

AS REGULATOR is 24 points above the median for companies in the Morning class Small in the same sector in 2025.

Median score 52 among 488 companies.

Against companies in the Morning class Small in the same sector in 2025: operating margin 17.0% (median 4.7%) and equity ratio 69.8% (median 41.9%).

Source: Register of Company Accounts and Central Coordinating RegisterFetched 31 October 2026Report an issue
Key figures · 2025

The numbers behind the score

The numbers behind the score · 2025
MeasureCompanyMedianAhead of
Operating revenue48 MNOK20 MNOK
Operating margin 17.0% 4.7% 88 %
Profit margin 19.9% 4.2% shown, not part of the index
Return on assets 16.4% 9.5% 67 %
Equity ratio 69.8% 41.9% 83 %
Debt-to-equity 0.43 1.30 82 %
Current ratio 2.98 1.73 82 %
Revenue growth 9.9% 5.7% 59 %
Revenue per employee1.94 MNOK1.71 MNOK

The median and “ahead of” refer to companies in the Morning class Small in the same sector in 2025. The bar shows the share of companies the figure is ahead of.

With an index of 76, AS REGULATOR does better than 93% of companies in the Morning class Small in the same sector (488 companies) in 2025.

Over time

Score 2023–2025

CompanyMedian0255075100202320242025
  • AS REGULATOR
  • Median: companies in the Morning class Small in the same sector
Summary analysis

AS REGULATOR has a score of 76 for 2025, rank 142 of 2,001 in the sector.

Strongest: Solidity: percentile 82 against peers, equity ratio 69.8% against a median of 41.9%. Liquidity: percentile 82 against peers, current ratio 2.98 against a median of 1.73.

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

Analysis · 2025

What the numbers say

AS REGULATOR had an operating margin of 17.0% and an equity ratio of 69.8% in 2025, and ranks 142 of 2,001 in Industri.

From 2024 to 2025: the operating margin fell from 23.1% to 17.0%.

This text is generated automatically from the 2025 accounts.

Estimated value · 2025

Three simple methods

The methods give between 41 MNOK and 86 MNOK.

MethodInputMultipleEstimate
P/E Net profit: 7.6 MNOK 10.0 76 MNOK
EV/EBIT Operating profit: 8.2 MNOK
minus net debt −20.5 MNOK
8.0 86 MNOK
P/B Equity: 41.1 MNOK 1.0 41 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

  • positive

    Upper quartile on profitability, solidity and liquidity. What sets this company apart from the rest of the sector?

    Based on: Operating margin 17.0% (median 4.7%); Equity ratio 69.8% (median 41.9%); Current ratio 2.98 (median 1.73).

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

Financial costs were 0.1% 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.

See interest rates, prices and exchange rates for the sector

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 −3.3%. 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

Profitability78 weight 30%
Solidity82 weight 25%
Liquidity82 weight 15%
Growth59 weight 15%
Consistency70 weight 15%

Durability: 79 (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 AS REGULATOR?

The operating margin was 17.0% in 2025, against a median of 4.7% among companies in the Morning class Small in the same sector. Return on assets was 16.4%.

How solid is AS REGULATOR?

The equity ratio was 69.8% in 2025 (median 41.9%). Debt-to-equity was 0.43 (median 1.30).

What is the liquidity of AS REGULATOR like?

The current ratio was 2.98 in 2025 (median 1.73).

How does AS REGULATOR compare in Industri?

AS REGULATOR ranks 142 of 2,001 in Industri for 2025. Among companies in the Morning class Small it is number 35 of 488. Revenue changed by 9.9% from the year before.

From the Central Coordinating Register

Org. no.
915335209
Legal form
AS
Sector
Industri (33.120)
Morning company class
Small
Employees
25 registered 10 October 2026
Founded
14 September 1951 75 years in operation
Share capital
0.95 MNOK
Business address
Kokstadflaten 21, 5257 KOKSTAD (BERGEN)
Municipality
Bergen rank 8 of 11 in KOSTRA group 12
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
Jan Arthur Olsen
Chair of the board
Jan Arthur Olsen
Board member
John Kenneth Olsen
Board member
Christian Godø Bye Olsen
Auditor
Steinbakk Revisjon AS
Accountant
Talhaug Regnskap AS

Source: Central Coordinating Register, fetched 31 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 31 October 2026.

Details

Year by year · 2023–2025

Key figure202320242025Trend
Index907276
Rank42220142
Operating margin25.4%23.1%17.0%
Return on assets28.6%22.2%16.4%
Equity ratio61.6%69.1%69.8%
Current ratio3.752.602.98
Revenue growth–−12.5%9.9%

Accounts

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

Key figure202320242025
Operating revenue50.3 MNOK44.1 MNOK48.4 MNOK
Operating profit12.8 MNOK10.2 MNOK8.2 MNOK
Profit before tax13.6 MNOK11.4 MNOK9.6 MNOK
Net profit10.6 MNOK10.2 MNOK7.6 MNOK
Financial expenses0.0 MNOK0.0 MNOK0.0 MNOK
Total assets47.7 MNOK51.4 MNOK59.0 MNOK
Current assets36.7 MNOK30.9 MNOK40.9 MNOK
Equity29.4 MNOK35.6 MNOK41.1 MNOK
Retained earnings28.4 MNOK34.6 MNOK40.2 MNOK
Total liabilities18.3 MNOK15.9 MNOK17.8 MNOK
Current liabilities9.8 MNOK11.9 MNOK13.7 MNOK

Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 31 October 2026, accounts id 6454625.