VBM BYGGFORNYELSE AS
Score · fiscal year 2024
53of 100
How to read this: the company is ahead of 55 % of companies in the Morning class Medium in the same sector in 2024. What does this mean?
Rank in the Morning class Medium: 781 of 1,724 · What are Morning company classes?
Place in the whole sector: 8,851 of 19,473 · Bygg og anlegg
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 45 and solidity 38 out of 100 among companies in the Morning class Medium in the same sector in 2024. Methodology
Against the sector
VBM BYGGFORNYELSE AS is 2 points above the median for companies in the Morning class Medium in the same sector in 2024.
Median score 51 among 1,724 companies.
Against companies in the Morning class Medium in the same sector in 2024: operating margin 3.3% (median 4.6%) and equity ratio 25.4% (median 30.1%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 186 MNOK | 90 MNOK |
| Operating margin | 3.3% | 4.6% |
| Profit margin | 3.3% | 4.7% |
| Return on assets | 12.3% | 11.8% |
| Equity ratio | 25.4% | 30.1% |
| Debt-to-equity | 2.93 | 2.28 |
| Current ratio | 1.45 | 1.39 |
| Revenue growth | 44.0% | 5.7% |
| Revenue per employee | 4.54 MNOK | 2.48 MNOK |
The median and “ahead of” refer to companies in the Morning class Medium in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
With an index of 53, VBM BYGGFORNYELSE AS does better than 55% of companies in the Morning class Medium in the same sector (1,724 companies) in 2024.
Score 2023–2025
- VBM BYGGFORNYELSE AS
- Median: companies in the Morning class Medium in the same sector
What the numbers say
VBM BYGGFORNYELSE AS had an operating margin of 3.3% and an equity ratio of 25.4% in 2024, and ranks 8,851 of 19,473 in Bygg og anlegg.
From 2023 to 2024: revenue grew by 44%.
This text is generated automatically from the 2024 accounts.
Three simple methods
The methods give between 13 MNOK and 60 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 47 MNOK |
| EV/EBIT | 8.0 | 60 MNOK |
| P/B | 1.0 | 13 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
No rules were triggered for this year.
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 0.1% of the debt in 2024. The policy rate averaged 4.50 % 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.
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 | 45 | weight 30% |
|---|---|---|
| Solidity | 38 | weight 25% |
| Liquidity | 55 | weight 15% |
| Growth | 87 | weight 15% |
| Consistency | 54 | weight 15% |
Durability: 44 (average over 2 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is VBM BYGGFORNYELSE AS?
The operating margin was 3.3% in 2024, against a median of 4.6% among companies in the Morning class Medium in the same sector. Return on assets was 12.3%.
How solid is VBM BYGGFORNYELSE AS?
The equity ratio was 25.4% in 2024 (median 30.1%). Debt-to-equity was 2.93 (median 2.28).
What is the liquidity of VBM BYGGFORNYELSE AS like?
The current ratio was 1.45 in 2024 (median 1.39).
How does VBM BYGGFORNYELSE AS compare in Bygg og anlegg?
VBM BYGGFORNYELSE AS ranks 8,851 of 19,473 in Bygg og anlegg for 2024. Among companies in the Morning class Medium it is number 781 of 1,724. Revenue changed by 44.0% from the year before.
From the Central Coordinating Register
- Org. no.
- 915836623
- Legal form
- AS
- Sector
- Bygg og anlegg (41.000)
- Morning company class
- Medium
- Employees
- 41 registered 10 October 2026
- Founded
- 21 August 2015 11 years in operation
- Share capital
- 1.30 MNOK
- Business address
- Billingstadsletta 22, 1396 BILLINGSTAD (ASKER)
- Municipality
- Asker rank 2 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
- Jo Georg Hermann
- Chair of the board
- Niels Jørgen Krogsgård
- Board member
- Espen Johansen
- Board member
- Ingeborg Müller-Nilssen Moger
- Board member
- Jo Georg Hermann
- Auditor
- STIANSEN & CO 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.
Figures last fetched 26 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 36 | 53 | 63 | |
| Rank | 13,027 | 8,851 | 5,352 | |
| Operating margin | 2.8% | 3.3% | 3.9% | |
| Return on assets | 10.0% | 12.3% | 17.7% | |
| Equity ratio | 21.6% | 25.4% | 38.5% | |
| Current ratio | 1.36 | 1.45 | 1.97 | |
| Revenue growth | – | 44.0% | −5.4% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 129.2 MNOK | 186.0 MNOK | 176.0 MNOK |
| Operating profit | 3.6 MNOK | 6.1 MNOK | 6.9 MNOK |
| Profit before tax | 3.7 MNOK | 6.1 MNOK | 6.9 MNOK |
| Net profit | 2.9 MNOK | 4.7 MNOK | 5.4 MNOK |
| Financial expenses | – | 0.0 MNOK | 0.0 MNOK |
| Total assets | 36.5 MNOK | 49.5 MNOK | 39.1 MNOK |
| Current assets | 36.3 MNOK | 49.3 MNOK | 39.1 MNOK |
| Equity | 7.9 MNOK | 12.6 MNOK | 15.0 MNOK |
| Retained earnings | 3.9 MNOK | 8.6 MNOK | 11.0 MNOK |
| Total liabilities | 28.6 MNOK | 36.9 MNOK | 24.1 MNOK |
| Current liabilities | 26.7 MNOK | 33.9 MNOK | 19.9 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 5856137.
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