MB Jernia Forus AS
Bankruptcy registered 30 June 2025 in the Central Coordinating Register. Bankruptcies
Accounts for 2025 are missing. The deadline was 31 July 2026. The Brønnøysund Register Centre does not publish when accounts arrived, only the latest year filed.
Score · fiscal year 2023
Not enough data: Bankrupt or being wound up
Based on the annual accounts for 2023
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 25 MNOK | 20 MNOK |
| Operating margin | 8.6% | 3.2% |
| Profit margin | 7.1% | 2.9% |
| Return on assets | 16.4% | 9.3% |
| Equity ratio | −14.9% | 36.1% |
| Debt-to-equity | – | 1.55 |
| Current ratio | 0.86 | 1.71 |
| Revenue growth | 4.4% | 5.0% |
The median and “ahead of” refer to companies in the same sector in 2023. The bar shows the share of companies the figure is ahead of.
Score over time
Score over time needs at least two fiscal years with a score. It will appear when next year's figures are fetched or history is imported.
What the numbers say
MB Jernia Forus AS had an equity ratio of −14.9% in 2023. The company is not ranked: bankrupt or being wound up.
From 2022 to 2023: the operating margin rose from −12.9% to 8.6% and went from a loss to a profit before tax.
MB Jernia Forus AS did weaker than the sector in 2022, the sector's weakest year.
This text is generated automatically from the 2023 accounts.
Three simple methods
The methods give between 18 MNOK and 18 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 18 MNOK |
| EV/EBIT | 8.0 | 18 MNOK |
| 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 −14.9% (median 36.1%).
- watch
Consider strengthening liquidity: current liabilities are 1.2 times current assets.
Based on: Current ratio 0.86 (median 1.71).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 2.8% of the debt in 2023. The policy rate averaged 3.54 % 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
- critical Negative equity
Scenario analysis: the sector's weakest year
The operating margin was −12.9% in 2022 (sector median 1.5%), and the equity ratio −33.4%. The company had a loss before tax that year. In the other years the operating margin averaged 5.9%.
The sector's weakest year was 2022, with a median operating margin of 1.5%. Based on the 11 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
Questions and answers
How profitable is MB Jernia Forus AS?
The operating margin was 8.6% in 2023, against a median of 3.2% among companies in the same sector. Return on assets was 16.4%.
How solid is MB Jernia Forus AS?
The equity ratio was −14.9% in 2023 (median 36.1%). Equity is negative, so liabilities exceed assets.
What is the liquidity of MB Jernia Forus AS like?
The current ratio was 0.86 in 2023 (median 1.71). Current assets did not cover current liabilities.
From the Central Coordinating Register
- Org. no.
- 926993038
- Legal form
- AS
- Sector
- Handel (47.520)
- Morning company class
- Small
- Employees
- 0–4 (not registered)
- Founded
- 30 June 1972 54 years in operation
- Share capital
- 0.12 MNOK
- Business address
- Maskinveien 2, 4033 STAVANGER
- Municipality
- Stavanger rank 5 of 11 in KOSTRA group 12
- Latest accounts filed
- 2023
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
Roles have not been fetched yet.
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 27 October 2026.
Year by year · 2021–2023
| Key figure | 2021 | 2022 | 2023 | Trend |
|---|---|---|---|---|
| Index | – | – | – | |
| Rank | – | – | – | |
| Operating margin | 3.2% | −12.9% | 8.6% | |
| Return on assets | 15.8% | −27.2% | 16.4% | |
| Equity ratio | 20.4% | −33.4% | −14.9% | |
| Current ratio | 1.69 | 0.99 | 0.86 | |
| Revenue growth | – | −12.6% | 4.4% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2021 | 2022 | 2023 |
|---|---|---|---|
| Operating revenue | 27.2 MNOK | 23.8 MNOK | 24.8 MNOK |
| Operating profit | 0.9 MNOK | −3.1 MNOK | 2.1 MNOK |
| Profit before tax | 2.2 MNOK | −6.6 MNOK | 1.8 MNOK |
| Tax expense | 0.2 MNOK | 0.1 MNOK | 0.0 MNOK |
| Net profit | 2.0 MNOK | −6.7 MNOK | 1.8 MNOK |
| Financial expenses | 0.1 MNOK | 3.5 MNOK | 0.4 MNOK |
| Total assets | 14.5 MNOK | 11.2 MNOK | 13.3 MNOK |
| Current assets | 13.1 MNOK | 11.0 MNOK | 13.2 MNOK |
| Equity | 3.0 MNOK | −3.7 MNOK | −2.0 MNOK |
| Retained earnings | 2.8 MNOK | −3.9 MNOK | −2.1 MNOK |
| Total liabilities | 11.5 MNOK | 14.9 MNOK | 15.3 MNOK |
| Current liabilities | 7.7 MNOK | 11.2 MNOK | 15.3 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 27 October 2026, accounts id 5276521.