Veso AS
Score · fiscal year 2025
38of 100
How to read this: the company is ahead of 23 % of companies in the Morning class Large in the same sector in 2025. What does this mean?
Rank in the Morning class Large: 419 of 541 · What are Morning company classes?
Place in the whole sector: 16,608 of 22,949 · Handel
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 30 and solidity 39 out of 100 among companies in the Morning class Large in the same sector in 2025. Methodology
Against the sector
Veso AS is 12 points below the median for companies in the Morning class Large in the same sector in 2025.
Median score 50 among 541 companies.
Against companies in the Morning class Large in the same sector in 2025: operating margin 1.0% (median 2.5%) and equity ratio 23.9% (median 30.9%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 1,364 MNOK | 1,119 MNOK |
| Operating margin | 1.0% | 2.5% |
| Profit margin | 1.2% | 2.5% |
| Return on assets | 6.9% | 10.2% |
| Equity ratio | 23.9% | 30.9% |
| Debt-to-equity | 3.18 | 2.23 |
| Current ratio | 0.97 | 1.30 |
| Revenue growth | 10.6% | 6.9% |
| Revenue per employee | 15.68 MNOK | 12.49 MNOK |
The median and “ahead of” refer to companies in the Morning class Large in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 38, Veso AS does better than 23% of companies in the Morning class Large in the same sector (541 companies) in 2025.
Score 2023–2025
- Veso AS
- Median: companies in the Morning class Large in the same sector
Veso AS has a score of 38 for 2025, rank 16,608 of 22,949 in the sector.
Strongest: Growth: percentile 63 against peers, revenue growth 10.6% against a median of 6.9%.
Weakest: Liquidity: percentile 10 against peers, current ratio 0.97 against a median of 1.30. Profitability: percentile 30 against peers, operating margin 1.0% against a median of 2.5%.
Worth a closer look
- Consider strengthening liquidity: current liabilities are 1.0 times current assets. Based on: current ratio 0.97 (median 1.30).
- What lies behind weak profitability, 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
Veso AS had an operating margin of 1.0% and an equity ratio of 23.9% in 2025, and ranks 16,608 of 22,949 in Handel.
From 2024 to 2025: revenue grew by 11%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 83 MNOK and 125 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 125 MNOK |
| EV/EBIT | 8.0 | 111 MNOK |
| P/B | 1.0 | 83 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
Consider strengthening liquidity: current liabilities are 1.0 times current assets.
Based on: Current ratio 0.97 (median 1.30).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 2.9% 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.
See interest rates, prices and exchange rates for the sector
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 1.5%. Based on the 11 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 30 | weight 30% |
|---|---|---|
| Solidity | 39 | weight 25% |
| Liquidity | 10 | weight 15% |
| Growth | 63 | weight 15% |
| Consistency | 55 | weight 15% |
Durability: 42 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Veso AS?
The operating margin was 1.0% in 2025, against a median of 2.5% among companies in the Morning class Large in the same sector. Return on assets was 6.9%.
How solid is Veso AS?
The equity ratio was 23.9% in 2025 (median 30.9%). Debt-to-equity was 3.18 (median 2.23).
What is the liquidity of Veso AS like?
The current ratio was 0.97 in 2025 (median 1.30). Current assets did not cover current liabilities.
How does Veso AS compare in Handel?
Veso AS ranks 16,608 of 22,949 in Handel for 2025. Among companies in the Morning class Large it is number 419 of 541. Revenue changed by 10.6% from the year before.
Public contracts
- Contracts awarded since 2024
- 0
- Total awarded value since 2024
- value not stated
| Date | Buyer | Notice | Value |
|---|---|---|---|
| 7 January 2022 | Havforskningsinstituttet | 21/02699 Kunngjøring av kontraktstildeling- Gjennomføring av smitteforsøk | 2.6 MNOK |
| 15 June 2021 | Norges miljø- og biovitenskapelige universitet | Rammeavtale legemidler for veterinærformål | 7.0 MNOK |
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.
- 963201230
- Legal form
- AS
- Sector
- Handel (46.460)
- Morning company class
- Large
- Employees
- 87 registered 10 September 2026
- Founded
- 20 December 1991 34 years in operation
- Share capital
- 7.50 MNOK
- Business address
- Stortingsgata 2, 0158 OSLO
- Municipality
- Oslo rank 63–220 of 357 in Norway
- Latest accounts filed
- 2025
- Website
- www.veso.no
- LEI
- 254900HG6GOQP3ZMVT54 not renewed (lapsed)
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 29 October 2026. Only names are shown.
- Parent company
- Parent not reported
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 29 October 2026. The parent is the one the company itself reported to GLEIF.
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 28 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 36 | 51 | 38 | |
| Rank | 14,868 | 10,763 | 16,608 | |
| Operating margin | 2.8% | 2.3% | 1.0% | |
| Return on assets | 9.0% | 11.5% | 6.9% | |
| Equity ratio | 20.1% | 24.6% | 23.9% | |
| Current ratio | 0.95 | 1.00 | 0.97 | |
| Revenue growth | – | 25.9% | 10.6% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 979.8 MNOK | 1,233.6 MNOK | 1,364.0 MNOK |
| Operating profit | 27.4 MNOK | 29.0 MNOK | 13.0 MNOK |
| Profit before tax | 29.5 MNOK | 30.3 MNOK | 16.0 MNOK |
| Net profit | 23.6 MNOK | 23.0 MNOK | 12.5 MNOK |
| Financial expenses | 1.7 MNOK | 5.9 MNOK | 7.7 MNOK |
| Total assets | 345.4 MNOK | 314.9 MNOK | 344.7 MNOK |
| Current assets | 263.1 MNOK | 237.5 MNOK | 253.5 MNOK |
| Equity | 69.5 MNOK | 77.5 MNOK | 82.5 MNOK |
| Retained earnings | 44.5 MNOK | 52.6 MNOK | 57.5 MNOK |
| Total liabilities | 275.9 MNOK | 237.4 MNOK | 262.2 MNOK |
| Current liabilities | 275.9 MNOK | 237.4 MNOK | 262.2 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 28 October 2026, accounts id 6994056.
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