ZE BRA VEI AS

Org. no. 950420103 · MOSS · Founded 1989 · 66 employees

Score · fiscal year 2025

67of 100

How to read this: the company is ahead of 85 % of medium-sized companies in the same sector in 2025. What does this mean?

Rank: 5,651 of 32,582 · Bygg og anlegg

Profile

Lion · Leader

High profitability, high solidity

Position against comparable companies in 2025, not a verdict on the company. Based on profitability 88 and solidity 62 out of 100 among medium-sized companies in the same sector in 2025. Methodology

Against the sector

ZE BRA VEI AS is 17 points above the median for medium-sized companies in the same sector in 2025.

Median score 50 among 1,024 companies.

Against medium-sized companies in the same sector in 2025: operating margin 8.9% (median 4.6%) and equity ratio 36.9% (median 31.2%).

Source: Register of Company Accounts and Central Coordinating RegisterFetched 28 October 2026Report an issue
Key figures · 2025

The numbers behind the score

The numbers behind the score · 2025
MeasureCompanyMedianAhead of
Operating revenue279 MNOK176 MNOK
Operating margin 8.9% 4.6% 79 %
Profit margin 9.4% 4.6% shown, not part of the index
Return on assets 42.2% 10.7% 97 %
Equity ratio 36.9% 31.2% 62 %
Debt-to-equity 1.71 2.19 62 %
Current ratio 1.79 1.36 77 %
Revenue growth 12.7% 6.6% 60 %
Revenue per employee4.22 MNOK3.09 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 67, ZE BRA VEI AS does better than 85% of medium-sized companies in the same sector (1,030 companies) in 2025.

Over time

Score 2023–2025

CompanyMedian0255075100202320242025
  • ZE BRA VEI AS
  • Median: medium-sized companies in the same sector
Summary analysis

ZE BRA VEI AS has a score of 67 for 2025, rank 5,651 of 32,582 in the sector.

Strongest: Profitability: percentile 88 against peers, operating margin 8.9% against a median of 4.6%. Liquidity: percentile 77 against peers, current ratio 1.79 against a median of 1.36.

Weakest: Consistency: percentile 31 against peers.

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

ZE BRA VEI AS had an operating margin of 8.9% and an equity ratio of 36.9% in 2025, and ranks 5,651 of 32,582 in Bygg og anlegg.

From 2024 to 2025: the equity ratio fell from 45.8% to 36.9% and revenue grew by 13%.

This text is generated automatically from the 2025 accounts.

Estimated value · 2025

Three simple methods

The methods give between 25 MNOK and 237 MNOK.

MethodInputMultipleEstimate
P/E Net profit: 20.4 MNOK 10.0 204 MNOK
EV/EBIT Operating profit: 24.8 MNOK
minus net debt −38.3 MNOK
8.0 237 MNOK
P/B Equity: 25.4 MNOK 1.0 25 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

No rules were triggered for this year.

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

Financial costs were 6.9% 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.

Data quality

No anomalies found in the figures.

Stress test · 2022

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 2.5%. Based on the 10 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology

Components · 2025

What the score is made of

Profitability88 weight 30%
Solidity62 weight 25%
Liquidity77 weight 15%
Growth60 weight 15%
Consistency31 weight 15%

Durability: 62 (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 ZE BRA VEI AS?

The operating margin was 8.9% in 2025, against a median of 4.6% among medium-sized companies in the same sector. Return on assets was 42.2%.

How solid is ZE BRA VEI AS?

The equity ratio was 36.9% in 2025 (median 31.2%). Debt-to-equity was 1.71 (median 2.19).

What is the liquidity of ZE BRA VEI AS like?

The current ratio was 1.79 in 2025 (median 1.36).

How does ZE BRA VEI AS compare in Bygg og anlegg?

ZE BRA VEI AS ranks 5,651 of 32,582 in Bygg og anlegg for 2025. Among companies of the same size (medium-sized companies) it ranks 154 of 1,030. Revenue changed by 12.7% from the year before.

Public contracts

Contracts awarded since 2024
3
Total awarded value since 2024
value not stated
2 contracts without a stated value are not in the total.
Framework agreements
1
Left out of the total: the value is a ceiling, not actual spend.
DateBuyerNotice ValueCPV
25 March 2025 Trøndelag fylkeskommune Vegoppmerking, langs- og tverrgående 2025-2027 Trøndelag fylkeskommune value not stated 45233210
29 May 2024 Statens vegvesen Europa- og riksveger Statens vegvesen Langsgående og tverrgående vegoppmerking 2024 - 2026 value not stated 45233221
29 April 2024 Statens vegvesen Vegoppmerking nord 2024-2025 value not stated 45000000
2 May 2023 Viken Vest Innkjøpssamarbeid (VVI) (2022/12742) Veioppmerking, rammeavtale value not stated 50000000
20 May 2022 Nordland fylkeskommune Vegmerking 2022-2025, Nordland value not stated 45000000
27 April 2021 Statens vegvesen Vegoppmerking Europa- og riksveger Nordland, Troms og Finnmark 2021-2022 value not stated 45000000
10 October 2019 Statens vegvesen Vegoppmerking sprayplast fylkesveg Troms og Finnmark 2019-2021 value not stated 45000000
1 October 2019 Statens vegvesen Vegoppmerking tverrgående riksveg region nord 2019-2020 value not stated 45000000
1 October 2019 Statens vegvesen Vegoppmerking tverrgående fylkesveg Troms og Finnmark 2019-2021 value not stated 45000000
4 June 2019 Statens vegvesen Vegoppmerking maling og sprayplast riksveg nord 2019 value not stated 45000000

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 28 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.
950420103
Legal form
AS
Sector
Bygg og anlegg (42.110)
Size tier
medium
Employees
66 registered 10 October 2026
Founded
2 January 1989 37 years in operation
Share capital
3.00 MNOK
Business address
Solgaard skog 116, 1599 MOSS
Municipality
Moss rank 4–9 of 10 in KOSTRA group 11
Latest accounts filed
2025
Website
www.zebra.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
Martin Fledsberg Vatne
Chair of the board
Martin Fledsberg Vatne
Auditor
BDO AS
Accountant
ENORA 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.

Report an issue

Figures last fetched 28 October 2026.

Details

Year by year · 2023–2025

Key figure202320242025Trend
Index388067
Rank19,8591,2725,651
Operating margin−6.2%8.3%8.9%
Return on assets−12.5%43.2%42.2%
Equity ratio34.7%45.8%36.9%
Current ratio1.862.321.79
Revenue growth–59.3%12.7%

Accounts

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

Key figure202320242025
Operating revenue155.2 MNOK247.2 MNOK278.6 MNOK
Operating profit−9.6 MNOK20.5 MNOK24.8 MNOK
Profit before tax−8.6 MNOK21.2 MNOK26.1 MNOK
Net profit−6.7 MNOK16.7 MNOK20.4 MNOK
Financial expenses2.2 MNOK3.2 MNOK3.0 MNOK
Total assets51.3 MNOK56.6 MNOK68.8 MNOK
Current assets45.4 MNOK54.7 MNOK61.3 MNOK
Equity17.8 MNOK25.9 MNOK25.4 MNOK
Retained earnings2.1 MNOK10.3 MNOK9.8 MNOK
Total liabilities33.5 MNOK30.7 MNOK43.4 MNOK
Current liabilities24.4 MNOK23.6 MNOK34.2 MNOK

Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 28 October 2026, accounts id 7033706.