FUNCTION AS
Score · fiscal year 2025
21of 100
How to read this: the company is ahead of 4 % of medium-sized companies in the same sector in 2025. What does this mean?
Rank: 26,681 of 30,442 · Handel
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 15 and solidity 24 out of 100 among medium-sized companies in the same sector in 2025. Methodology
Against the sector
FUNCTION AS is 29 points below the median for medium-sized companies in the same sector in 2025.
Median score 50 among 1,664 companies.
Against medium-sized companies in the same sector in 2025: operating margin −2.9% (median 3.1%) and equity ratio 19.1% (median 32.6%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 522 MNOK | 176 MNOK |
| Operating margin | −2.9% | 3.1% |
| Profit margin | −3.7% | 3.1% |
| Return on assets | 3.5% | 11.3% |
| Equity ratio | 19.1% | 32.6% |
| Debt-to-equity | 4.23 | 2.02 |
| Current ratio | 1.04 | 1.38 |
| Revenue growth | 0.0% | 6.7% |
| Revenue per employee | 5.11 MNOK | 6.44 MNOK |
The median and “ahead of” refer to medium-sized companies in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 21, FUNCTION AS does better than 4% of medium-sized companies in the same sector (1,668 companies) in 2025.
Score 2023–2025
- FUNCTION AS
- Median: medium-sized companies in the same sector
FUNCTION AS has a score of 21 for 2025, rank 26,681 of 30,442 in the sector.
Strongest: Growth: percentile 27 against peers, revenue growth 0.0% against a median of 6.7%.
Weakest: Profitability: percentile 15 against peers, operating margin −2.9% against a median of 3.1%. Liquidity: percentile 21 against peers, current ratio 1.04 against a median of 1.38.
Worth a closer look
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin −3.7% (median 3.1%).
- The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors? Based on: operating margin −2.9% (median 3.1%).
- What lies behind weak profitability, and will it last?
- What lies behind weak liquidity, 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
FUNCTION AS had an operating margin of −2.9% and an equity ratio of 19.1% in 2025, and ranks 26,681 of 30,442 in Handel.
From 2024 to 2025: went from a profit to a loss before tax and the operating margin fell from 1.4% to −2.9%.
This text is generated automatically from the 2025 accounts.
Three simple methods
One method gives a figure: 78 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 78 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
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −3.7% (median 3.1%).
- 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 −2.9% (median 3.1%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Data quality
No anomalies found in the figures.
Scenario analysis: the sector's weakest year
We have no accounts for 2017, the sector's weakest year, for this company.
The sector's weakest year was 2017, with a median operating margin of −134.9%. 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 | 15 | weight 30% |
|---|---|---|
| Solidity | 24 | weight 25% |
| Liquidity | 21 | weight 15% |
| Growth | 27 | weight 15% |
| Consistency | 24 | weight 15% |
Durability: 39 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is FUNCTION AS?
The operating margin was −2.9% in 2025, against a median of 3.1% among medium-sized companies in the same sector. Return on assets was 3.5%. The company made a loss before tax.
How solid is FUNCTION AS?
The equity ratio was 19.1% in 2025 (median 32.6%). Debt-to-equity was 4.23 (median 2.02).
What is the liquidity of FUNCTION AS like?
The current ratio was 1.04 in 2025 (median 1.38).
How does FUNCTION AS compare in Handel?
FUNCTION AS ranks 26,681 of 30,442 in Handel for 2025. Among companies of the same size (medium-sized companies) it ranks 1,596 of 1,668. Revenue changed by 0.0% from the year before.
Public contracts
- Contracts awarded since 2024
- 1
- Total awarded value since 2024
- value not stated
- Framework agreements
- 1
- Left out of the total: the value is a ceiling, not actual spend.
| Date | Buyer | Notice | Value |
|---|---|---|---|
| 27 August 2026 | Oslo kommune v/ Bymiljøetaten | 129-BYM-2025 Rammeavtale for utendørs belysnings armaturer og hardware for styringssystemer | 65.0 MNOK (framework) |
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.
- 919327901
- Legal form
- AS
- Sector
- Handel (46.640)
- Size tier
- medium
- Employees
- 102 registered 10 September 2026
- Founded
- 26 August 1969 57 years in operation
- Share capital
- 6.00 MNOK
- Business address
- Jørgen Kanitz' gate 28, 1337 SANDVIKA (BÆRUM)
- Municipality
- Bærum rank 1–5 of 11 in KOSTRA group 12
- Latest accounts filed
- 2025
- Website
- www.function.no
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
- Kjetil Kaldestad
- Chair of the board
- Kjetil Kaldestad
- Board member
- Andreas Prøven Bogsrud
- Auditor
- PRICEWATERHOUSECOOPERS 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 | 56 | 38 | 21 | |
| Rank | 10,302 | 20,096 | 26,681 | |
| Operating margin | 5.8% | 1.4% | −2.9% | |
| Return on assets | 9.7% | 4.4% | 3.5% | |
| Equity ratio | 29.8% | 22.3% | 19.1% | |
| Current ratio | 1.72 | 1.11 | 1.04 | |
| Revenue growth | – | 26.3% | 0.0% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 412.9 MNOK | 521.3 MNOK | 521.5 MNOK |
| Operating profit | 24.1 MNOK | 7.1 MNOK | −14.9 MNOK |
| Profit before tax | 20.6 MNOK | 2.6 MNOK | −19.5 MNOK |
| Net profit | 14.7 MNOK | 2.2 MNOK | −20.2 MNOK |
| Financial expenses | 11.1 MNOK | 16.4 MNOK | 33.7 MNOK |
| Total assets | 325.3 MNOK | 430.9 MNOK | 406.0 MNOK |
| Current assets | 168.7 MNOK | 227.4 MNOK | 206.0 MNOK |
| Equity | 97.0 MNOK | 96.0 MNOK | 77.6 MNOK |
| Retained earnings | 91.0 MNOK | 90.0 MNOK | 71.6 MNOK |
| Total liabilities | 228.3 MNOK | 334.9 MNOK | 328.4 MNOK |
| Current liabilities | 98.3 MNOK | 204.4 MNOK | 198.0 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 7156017.
Further
Similar companies
- GLOMMEN SKOG AS index 21, rank 26,606 · compare
- KBS RETAIL AS index 21, rank 26,614 · compare
- MOBILE ELVERUM AS index 21, rank 26,619 · compare
- CARSTORE AS index 21, rank 26,658 · compare
- GJERDE & BYHRING AS index 21, rank 26,682 · compare