FORSKALING AS
Score · fiscal year 2025
14of 100
How to read this: the company is ahead of 7 % of small companies in the same sector in 2025. What does this mean?
Rank: 24,220 of 25,886 · Bygg og anlegg
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 18 and solidity 0 out of 100 among small companies in the same sector in 2025. Methodology
Against the sector
FORSKALING AS is 36 points below the median for small companies in the same sector in 2025.
Median score 50 among 25,101 companies.
Against small companies in the same sector in 2025: operating margin −10.3% (median 3.6%) and equity ratio −6.1% (median 34.1%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 28 MNOK | 2 MNOK |
| Operating margin | −10.3% | 3.6% |
| Profit margin | −20.2% | 3.3% |
| Return on assets | −12.4% | 5.6% |
| Equity ratio | −6.1% | 34.1% |
| Debt-to-equity | – | 1.29 |
| Current ratio | 0.49 | 1.40 |
| Revenue growth | −37.2% | 4.2% |
| Revenue per employee | 2.58 MNOK | 1.42 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 14, FORSKALING AS does better than 7% of small companies in the same sector (25,321 companies) in 2025.
Score 2023–2025
- FORSKALING AS
- Median: small companies in the same sector
FORSKALING AS has a score of 14 for 2025, rank 24,220 of 25,886 in the sector.
Strongest: Consistency: percentile 30 against peers.
Weakest: Solidity: percentile 0 against peers, equity ratio −6.1% against a median of 34.1%. Growth: percentile 13 against peers, revenue growth −37.2% against a median of 4.2%.
Worth a closer look
- Equity is negative. How will it be rebuilt, and what do lenders and the auditor say about going concern? Based on: equity ratio −6.1% (median 34.1%).
- Consider strengthening liquidity: current liabilities are 2.0 times current assets. Based on: current ratio 0.49 (median 1.40).
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin −20.2% (median 3.3%).
- 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
What the numbers say
FORSKALING AS had an operating margin of −10.3% and an equity ratio of −6.1% in 2025, and ranks 24,220 of 25,886 in Bygg og anlegg.
From 2024 to 2025: went from a profit to a loss before tax and the operating margin fell from 4.7% to −10.3%.
This text is generated automatically from the 2025 accounts.
Three simple methods
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | not meaningful |
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
- critical
Equity is negative. How will it be rebuilt, and what do lenders and the auditor say about going concern?
Based on: Equity ratio −6.1% (median 34.1%).
- critical
Consider strengthening liquidity: current liabilities are 2.0 times current assets.
Based on: Current ratio 0.49 (median 1.40).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −20.2% (median 3.3%).
- watch
The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors?
Based on: Operating margin −10.3% (median 3.6%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Data quality
- critical Negative equity
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 2.1%. 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 | 18 | weight 30% |
|---|---|---|
| Solidity | 0 | weight 25% |
| Liquidity | 14 | weight 15% |
| Growth | 13 | weight 15% |
| Consistency | 30 | weight 15% |
Durability: 27 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is FORSKALING AS?
The operating margin was −10.3% in 2025, against a median of 3.6% among small companies in the same sector. Return on assets was −12.4%. The company made a loss before tax.
How solid is FORSKALING AS?
The equity ratio was −6.1% in 2025 (median 34.1%). Equity is negative, so liabilities exceed assets.
What is the liquidity of FORSKALING AS like?
The current ratio was 0.49 in 2025 (median 1.40). Current assets did not cover current liabilities.
How does FORSKALING AS compare in Bygg og anlegg?
FORSKALING AS ranks 24,220 of 25,886 in Bygg og anlegg for 2025. Among companies of the same size (small companies) it ranks 23,452 of 25,321. Revenue changed by −37.2% from the year before.
Public contracts
- Contracts awarded since 2024
- 0
- Total awarded value since 2024
- value not stated
| Date | Buyer | Notice | Value |
|---|---|---|---|
| 29 June 2023 | Rogaland Fylkeskommune | Fv. 520 Saudasjøen - Sauda, gs-veg | value not stated |
Based on notices in Doffin. Does not show call-offs under framework agreements or purchases below the publication threshold. Values are as stated by the buyer.
Source: Doffin (DFØ), fetched 27 October 2026. Winners are matched on organisation number.
Contains data under the Norwegian licence for public data (NLOD 2.0) made available by Doffin/the Norwegian Agency for Public and Financial Management (DFØ). NLOD 2.0
From the Central Coordinating Register
- Org. no.
- 918045635
- Legal form
- AS
- Sector
- Bygg og anlegg (43.120)
- Size tier
- small
- Employees
- 11 registered 10 October 2026
- Founded
- 11 October 2016 10 years in operation
- Share capital
- 0.60 MNOK
- Business address
- Treaskjæret 8, 4200 SAUDA
- Municipality
- Sauda rank 2–11 of 28 in KOSTRA group 6
- 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
- Alf Jostein Wormestrand Årtun
- Chair of the board
- Alf Jostein Wormestrand Årtun
- Board member
- Jonn Ove Olsen
- Board member
- John Henry Wormstrand Årtun
- Auditor
- REVISJON RYFYLKE AS
- Accountant
- ECIT FORRETNINGSPARTNER 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 | 30 | 39 | 14 | |
| Rank | 17,239 | 17,046 | 24,220 | |
| Operating margin | 1.7% | 4.7% | −10.3% | |
| Return on assets | 2.8% | 6.7% | −12.4% | |
| Equity ratio | 14.9% | 12.5% | −6.1% | |
| Current ratio | 0.65 | 0.74 | 0.49 | |
| Revenue growth | – | 10.7% | −37.2% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 40.8 MNOK | 45.2 MNOK | 28.4 MNOK |
| Operating profit | 0.7 MNOK | 2.1 MNOK | −2.9 MNOK |
| Profit before tax | −0.8 MNOK | 0.5 MNOK | −5.7 MNOK |
| Net profit | −0.6 MNOK | 0.3 MNOK | −5.5 MNOK |
| Financial expenses | 1.5 MNOK | 1.6 MNOK | 2.9 MNOK |
| Total assets | 26.0 MNOK | 32.7 MNOK | 22.9 MNOK |
| Current assets | 6.2 MNOK | 12.1 MNOK | 5.4 MNOK |
| Equity | 3.9 MNOK | 4.1 MNOK | −1.4 MNOK |
| Retained earnings | – | 0.1 MNOK | −2.0 MNOK |
| Total liabilities | 22.1 MNOK | 28.6 MNOK | 24.3 MNOK |
| Current liabilities | 9.5 MNOK | 16.5 MNOK | 11.0 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 7145705.
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