TEAM REFSNES AS
Score · fiscal year 2025
50of 100
How to read this: the company is ahead of 49 % of small companies in the same sector in 2025. What does this mean?
Rank: 10,515 of 20,440 · Bygg og anlegg
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 62 and solidity 18 out of 100 among small companies in the same sector in 2025. Methodology
Against the sector
TEAM REFSNES AS is at the median for small companies in the same sector in 2025.
Median score 50 among 19,508 companies.
Against small companies in the same sector in 2025: operating margin 6.1% (median 3.9%) and equity ratio 11.4% (median 33.3%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 54 MNOK | 5 MNOK |
| Operating margin | 6.1% | 3.9% |
| Profit margin | 5.9% | 3.5% |
| Return on assets | 15.2% | 9.0% |
| Equity ratio | 11.4% | 33.3% |
| Debt-to-equity | 7.75 | 1.56 |
| Current ratio | 1.16 | 1.44 |
| Revenue growth | 43.0% | 6.1% |
| Revenue per employee | 2.99 MNOK | 1.48 MNOK |
The median and “ahead of” refer to small companies in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 50, TEAM REFSNES AS does better than 49% of small companies in the same sector (19,515 companies) in 2025.
Score 2023–2025
- TEAM REFSNES AS
- Median: small companies in the same sector
TEAM REFSNES AS has a score of 50 for 2025, rank 10,515 of 20,440 in the sector.
Strongest: Growth: percentile 81 against peers, revenue growth 43.0% against a median of 6.1%. Profitability: percentile 62 against peers, operating margin 6.1% against a median of 3.9%.
Weakest: Solidity: percentile 18 against peers, equity ratio 11.4% against a median of 33.3%. Liquidity: percentile 34 against peers, current ratio 1.16 against a median of 1.44.
Worth a closer look
- Strong growth with weak liquidity. Is the growth financed, or does it tie up capital the company does not have? Based on: revenue growth 43.0% (median 6.1%); current ratio 1.16 (median 1.44).
- What lies behind weak solidity, 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
TEAM REFSNES AS had an operating margin of 6.1% and an equity ratio of 11.4% in 2025, and ranks 10,515 of 20,440 in Bygg og anlegg.
From 2024 to 2025: revenue grew by 43% and the equity ratio fell from 18.4% to 11.4%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 2 MNOK and 26 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 25 MNOK |
| EV/EBIT | 8.0 | 26 MNOK |
| P/B | 1.0 | 2 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
Strong growth with weak liquidity. Is the growth financed, or does it tie up capital the company does not have?
Based on: Revenue growth 43.0% (median 6.1%); Current ratio 1.16 (median 1.44).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 0.5% 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.
Scenario analysis: the sector's weakest year
We have no accounts for 2021, the sector's weakest year, for this company.
The sector's weakest year was 2021, with a median operating margin of 1.8%. 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 | 62 | weight 30% |
|---|---|---|
| Solidity | 18 | weight 25% |
| Liquidity | 34 | weight 15% |
| Growth | 81 | weight 15% |
| Consistency | 62 | 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 TEAM REFSNES AS?
The operating margin was 6.1% in 2025, against a median of 3.9% among small companies in the same sector. Return on assets was 15.2%.
How solid is TEAM REFSNES AS?
The equity ratio was 11.4% in 2025 (median 33.3%). Debt-to-equity was 7.75 (median 1.56).
What is the liquidity of TEAM REFSNES AS like?
The current ratio was 1.16 in 2025 (median 1.44).
How does TEAM REFSNES AS compare in Bygg og anlegg?
TEAM REFSNES AS ranks 10,515 of 20,440 in Bygg og anlegg for 2025. Among companies of the same size (small companies) it ranks 10,034 of 19,515. Revenue changed by 43.0% from the year before.
From the Central Coordinating Register
- Org. no.
- 976563123
- Legal form
- AS
- Sector
- Bygg og anlegg (41.000)
- Size tier
- small
- Employees
- 18 registered 10 September 2026
- Founded
- 2 May 1996 30 years in operation
- Share capital
- 0.14 MNOK
- Business address
- Orevegen 14, 4365 NÆRBØ (HÅ)
- Municipality
- Hå rank 10–35 of 38 in KOSTRA group 7
- 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
- Arild Refsnes
- Chair of the board
- Arild Refsnes
- Board member
- Ole Ernst Rugland Sør-Reime
- Board member
- Erik Hobberstad
- Board member
- Arne Refsnes
- Auditor
- ORSTAD REVISJON AS
- Accountant
- SECANT 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 28 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 33 | 44 | 50 | |
| Rank | 13,573 | 12,249 | 10,515 | |
| Operating margin | 5.5% | 7.9% | 6.1% | |
| Return on assets | 16.9% | 22.3% | 15.2% | |
| Equity ratio | 8.6% | 18.4% | 11.4% | |
| Current ratio | 1.11 | 1.28 | 1.16 | |
| Revenue growth | – | −32.9% | 43.0% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 56.1 MNOK | 37.6 MNOK | 53.8 MNOK |
| Operating profit | 3.1 MNOK | 3.0 MNOK | 3.3 MNOK |
| Profit before tax | 3.0 MNOK | 2.9 MNOK | 3.2 MNOK |
| Net profit | 2.2 MNOK | 2.5 MNOK | 2.5 MNOK |
| Financial expenses | 0.1 MNOK | 0.1 MNOK | 0.1 MNOK |
| Total assets | 18.3 MNOK | 13.5 MNOK | 21.7 MNOK |
| Current assets | 17.3 MNOK | 12.4 MNOK | 21.2 MNOK |
| Equity | 1.6 MNOK | 2.5 MNOK | 2.5 MNOK |
| Retained earnings | −0.6 MNOK | 0.3 MNOK | 0.3 MNOK |
| Total liabilities | 16.8 MNOK | 11.0 MNOK | 19.3 MNOK |
| Current liabilities | 15.6 MNOK | 9.7 MNOK | 18.3 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 28 October 2026, accounts id 6923450.
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