Norefjell Skisenter AS

Org. no. 948008823 · Krødsherad · Founded 1988 · 24 employees

Score · fiscal year 2025

46of 100

How to read this: the company is ahead of 33 % of companies in the Morning class Medium in the same sector in 2025. What does this mean?

Rank in the Morning class Medium: 58 of 86 · What are Morning company classes?
Place in the whole sector: 594 of 1,017 · Kultur og fritid

Profile

Beaver · Builder

Lower profitability, lower solidity

Position against comparable companies in 2025, not a verdict on the company. Based on profitability 46 and solidity 43 out of 100 among companies in the Morning class Medium in the same sector in 2025. Methodology

Against the sector

Norefjell Skisenter AS is 6 points below the median for companies in the Morning class Medium in the same sector in 2025.

Median score 52 among 86 companies.

Against companies in the Morning class Medium in the same sector in 2025: operating margin 6.9% (median 4.1%) and equity ratio 27.7% (median 30.5%).

Source: Register of Company Accounts and Central Coordinating RegisterFetched 4 November 2026Report an issue
Key figures · 2025

The numbers behind the score

The numbers behind the score · 2025
MeasureCompanyMedianAhead of
Operating revenue116 MNOK99 MNOK
Operating margin 6.9% 4.1% 61 %
Profit margin 2.4% 4.4% shown, not part of the index
Return on assets 4.5% 8.2% 31 %
Equity ratio 27.7% 30.5% 45 %
Debt-to-equity 2.61 1.93 41 %
Current ratio 0.76 1.05 26 %
Revenue growth 8.2% 5.7% 61 %
Revenue per employee4.83 MNOK1.51 MNOK

The median and “ahead of” refer to companies in the Morning class Medium in the same sector in 2025. The bar shows the share of companies the figure is ahead of.

With an index of 46, Norefjell Skisenter AS does better than 33% of companies in the Morning class Medium in the same sector (86 companies) in 2025.

Over time

Score 2023–2025

CompanyMedian0255075100202320242025
  • Norefjell Skisenter AS
  • Median: companies in the Morning class Medium in the same sector
Summary analysis

Norefjell Skisenter AS has a score of 46 for 2025, rank 594 of 1,017 in the sector.

Strongest: Growth: percentile 61 against peers, revenue growth 8.2% against a median of 5.7%.

Weakest: Liquidity: percentile 26 against peers, current ratio 0.76 against a median of 1.05.

Worth a closer look

Written by fixed rules from the figures. Describes the figures, does not explain causes. Not investment or financial advice. How the summary is made

Analysis · 2025

What the numbers say

Norefjell Skisenter AS had an operating margin of 6.9% and an equity ratio of 27.7% in 2025, and ranks 594 of 1,017 in Kultur og fritid.

From 2024 to 2025: the operating margin fell from 10.0% to 6.9%.

This text is generated automatically from the 2025 accounts.

Estimated value · 2025

Three simple methods

The methods give between 22 MNOK and 57 MNOK.

MethodInputMultipleEstimate
P/E Net profit: 2.2 MNOK 10.0 22 MNOK
EV/EBIT Operating profit: 8.0 MNOK
minus net debt 91.4 MNOK
8.0 debt above value
P/B Equity: 57.1 MNOK 1.0 57 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

Indications · 2025

Worth a closer look

  • watch

    Consider strengthening liquidity: current liabilities are 1.3 times current assets.

    Based on: Current ratio 0.76 (median 1.05).

Indications based on the latest annual accounts from open data. Not investment or financial advice.

Financial costs were 4.4% of the debt in 2025. The policy rate averaged 4.30 % 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.

Stress test · 2026

Scenario analysis: the sector's weakest year

We have no accounts for 2026, the sector's weakest year, for this company.

The sector's weakest year was 2026, with a median operating margin of −5.4%. Based on the 7 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology

Components · 2025

What the score is made of

Profitability46 weight 30%
Solidity43 weight 25%
Liquidity26 weight 15%
Growth61 weight 15%
Consistency58 weight 15%

Durability: 49 (average over 3 years)

Index version 2. Data completeness 100%: the share of the weights that had data.

2025

Questions and answers

How profitable is Norefjell Skisenter AS?

The operating margin was 6.9% in 2025, against a median of 4.1% among companies in the Morning class Medium in the same sector. Return on assets was 4.5%.

How solid is Norefjell Skisenter AS?

The equity ratio was 27.7% in 2025 (median 30.5%). Debt-to-equity was 2.61 (median 1.93).

What is the liquidity of Norefjell Skisenter AS like?

The current ratio was 0.76 in 2025 (median 1.05). Current assets did not cover current liabilities.

How does Norefjell Skisenter AS compare in Kultur og fritid?

Norefjell Skisenter AS ranks 594 of 1,017 in Kultur og fritid for 2025. Among companies in the Morning class Medium it is number 58 of 86. Revenue changed by 8.2% from the year before.

From the Central Coordinating Register

Org. no.
948008823
Legal form
AS
Sector
Kultur og fritid (93.110)
Morning company class
Medium
Employees
24 registered 10 October 2026
Founded
1 August 1988 38 years in operation
Share capital
1.10 MNOK
Business address
3536 NORESUND (KRØDSHERAD)
Municipality
Krødsherad rank 3–17 of 39 in KOSTRA group 4
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

Loading roles …

Source: Central Coordinating Register, fetched 31 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.

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Figures last fetched 4 November 2026.

Details

Year by year · 2023–2025

Key figure202320242025Trend
Index524846
Rank456545594
Operating margin10.8%10.0%6.9%
Return on assets6.1%5.9%4.5%
Equity ratio27.2%29.4%27.7%
Current ratio1.080.850.76
Revenue growth–4.7%8.2%

Accounts

From the Brønnøysund Register Centre, in the company's reporting currency (NOK).

Key figure202320242025
Operating revenue102.2 MNOK107.1 MNOK115.9 MNOK
Operating profit11.0 MNOK10.7 MNOK8.0 MNOK
Profit before tax5.1 MNOK4.9 MNOK2.8 MNOK
Net profit3.9 MNOK3.8 MNOK2.2 MNOK
Financial expenses7.7 MNOK6.9 MNOK6.6 MNOK
Total assets208.9 MNOK199.5 MNOK206.1 MNOK
Current assets54.0 MNOK36.2 MNOK42.6 MNOK
Equity56.8 MNOK58.7 MNOK57.1 MNOK
Retained earnings18.1 MNOK20.0 MNOK18.4 MNOK
Total liabilities152.1 MNOK140.7 MNOK149.0 MNOK
Current liabilities50.1 MNOK42.6 MNOK56.4 MNOK

Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 4 November 2026, accounts id 6509211.