MULTICO AS
Score · fiscal year 2024
43of 100
How to read this: the company is ahead of 36 % of small companies in the same sector in 2024. What does this mean?
Rank: 20,121 of 31,120 · 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 42 and solidity 22 out of 100 among small companies in the same sector in 2024. Methodology
Against the sector
MULTICO AS is 7 points below the median for small companies in the same sector in 2024.
Median score 50 among 30,024 companies.
Against small companies in the same sector in 2024: operating margin 1.9% (median 3.8%) and equity ratio 14.9% (median 36.8%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 6 MNOK | 3 MNOK |
| Operating margin | 1.9% | 3.8% |
| Profit margin | 1.6% | 3.4% |
| Return on assets | 3.3% | 5.8% |
| Equity ratio | 14.9% | 36.8% |
| Debt-to-equity | 5.72 | 1.19 |
| Current ratio | 0.41 | 1.45 |
| Revenue growth | 76.5% | 1.8% |
| Revenue per employee | 0.38 MNOK | 1.40 MNOK |
The median and “ahead of” refer to small companies in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
With an index of 43, MULTICO AS does better than 36% of small companies in the same sector (30,095 companies) in 2024.
Score 2023–2025
- MULTICO AS
- Median: small companies in the same sector
What the numbers say
MULTICO AS had an operating margin of 1.9% and an equity ratio of 14.9% in 2024, and ranks 20,121 of 31,120 in Bygg og anlegg.
From 2023 to 2024: revenue grew by 76% and the equity ratio rose from 8.9% to 14.9%.
This text is generated automatically from the 2024 accounts.
Three simple methods
The methods give between 1 MNOK and 1 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 1 MNOK |
| EV/EBIT | 8.0 | 1 MNOK |
| P/B | 1.0 | 1 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
- critical
Consider strengthening liquidity: current liabilities are 2.5 times current assets.
Based on: Current ratio 0.41 (median 1.45).
- watch
Strong growth with weak liquidity. Is the growth financed, or does it tie up capital the company does not have?
Based on: Revenue growth 76.5% (median 1.8%); Current ratio 0.41 (median 1.45).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 0.6% 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.
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 2.4%. 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 | 42 | weight 30% |
|---|---|---|
| Solidity | 22 | weight 25% |
| Liquidity | 11 | weight 15% |
| Growth | 89 | weight 15% |
| Consistency | 63 | weight 15% |
Durability: 34 (average over 2 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is MULTICO AS?
The operating margin was 1.9% in 2024, against a median of 3.8% among small companies in the same sector. Return on assets was 3.3%.
How solid is MULTICO AS?
The equity ratio was 14.9% in 2024 (median 36.8%). Debt-to-equity was 5.72 (median 1.19).
What is the liquidity of MULTICO AS like?
The current ratio was 0.41 in 2024 (median 1.45). Current assets did not cover current liabilities.
How does MULTICO AS compare in Bygg og anlegg?
MULTICO AS ranks 20,121 of 31,120 in Bygg og anlegg for 2024. Among companies of the same size (small companies) it ranks 19,407 of 30,095. Revenue changed by 76.5% from the year before.
Public contracts
- Contracts awarded since 2024
- 2
- Total awarded value since 2024
- value not stated
- Framework agreements
- 2
- Left out of the total: the value is a ceiling, not actual spend.
| Date | Buyer | Notice | Value |
|---|---|---|---|
| 31 July 2025 | KRISTIANSAND KOMMUNE | Rammeavtale - Innleie av lastebiler, maskiner og førere - fra 2025 - ny utlysning | 500.0 MNOK (framework) |
| 3 February 2025 | Iveland kommune | Rammeavtale for sommervedlikehold | 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.
- 919563974
- Legal form
- AS
- Sector
- Bygg og anlegg (43.120)
- Size tier
- small
- Employees
- 17 registered 10 October 2026
- Founded
- 5 September 2017 9 years in operation
- Share capital
- 0.03 MNOK
- Business address
- Skrerosveien 162, 4730 VATNESTRØM (BIRKENES)
- Municipality
- Birkenes rank 15–30 of 40 in KOSTRA group 1
- 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
- Lars Gunnar Retterholt
- Chair of the board
- Lars Gunnar Retterholt
- Auditor
- REVISJON SØR AS
- Accountant
- LUNDEN REGNSKAP 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 | 25 | 43 | 41 | |
| Rank | 23,924 | 20,121 | 22,067 | |
| Operating margin | 0.4% | 1.9% | 0.2% | |
| Return on assets | 0.2% | 3.3% | 0.6% | |
| Equity ratio | 8.9% | 14.9% | 12.8% | |
| Current ratio | 0.50 | 0.41 | 0.54 | |
| Revenue growth | – | 76.5% | 47.6% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 3.6 MNOK | 6.4 MNOK | 9.4 MNOK |
| Operating profit | 0.0 MNOK | 0.1 MNOK | 0.0 MNOK |
| Profit before tax | 0.0 MNOK | 0.1 MNOK | 0.0 MNOK |
| Net profit | 0.0 MNOK | 0.1 MNOK | 0.0 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Total assets | 4.3 MNOK | 3.7 MNOK | 4.4 MNOK |
| Current assets | 1.9 MNOK | 1.3 MNOK | 1.9 MNOK |
| Equity | 0.4 MNOK | 0.5 MNOK | 0.6 MNOK |
| Retained earnings | 0.4 MNOK | 0.5 MNOK | 0.5 MNOK |
| Total liabilities | 3.9 MNOK | 3.1 MNOK | 3.8 MNOK |
| Current liabilities | 3.9 MNOK | 3.1 MNOK | 3.6 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 5720645.
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