NAFSTAD AS
Score · fiscal year 2025
55of 100
How to read this: the company is ahead of 59 % of companies in the Morning class Small in the same sector in 2025. What does this mean?
Rank in the Morning class Small: 3,047 of 7,418 · What are Morning company classes?
Place in the whole sector: 9,351 of 23,065 · Handel
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 72 and solidity 44 out of 100 among companies in the Morning class Small in the same sector in 2025. Methodology
Against the sector
NAFSTAD AS is 4 points above the median for companies in the Morning class Small in the same sector in 2025.
Median score 51 among 7,418 companies.
Against companies in the Morning class Small in the same sector in 2025: operating margin 9.5% (median 3.4%) and equity ratio 33.4% (median 36.3%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 42 MNOK | 20 MNOK |
| Operating margin | 9.5% | 3.4% |
| Profit margin | 7.9% | 3.0% |
| Return on assets | 14.8% | 10.0% |
| Equity ratio | 33.4% | 36.3% |
| Debt-to-equity | 2.00 | 1.52 |
| Current ratio | 1.69 | 1.73 |
| Revenue growth | 10.0% | 5.7% |
The median and “ahead of” refer to companies in the Morning class Small in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 55, NAFSTAD AS does better than 59% of companies in the Morning class Small in the same sector (7,418 companies) in 2025.
Score 2022–2025
- NAFSTAD AS
- Median: companies in the Morning class Small in the same sector
NAFSTAD AS has a score of 55 for 2025, rank 9,351 of 23,065 in the sector.
Strongest: Profitability: percentile 72 against peers, operating margin 9.5% against a median of 3.4%. Growth: percentile 62 against peers, revenue growth 10.0% against a median of 5.7%.
Weakest: Consistency: percentile 38 against peers.
Worth a closer look
- What lies behind weak consistency, 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
NAFSTAD AS had an operating margin of 9.5% and an equity ratio of 33.4% in 2025, and ranks 9,351 of 23,065 in Handel.
From 2024 to 2025: the operating margin fell from 13.8% to 9.5%.
NAFSTAD AS did better than the sector in 2022, the sector's weakest year.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 9 MNOK and 30 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 24 MNOK |
| EV/EBIT | 8.0 | 30 MNOK |
| P/B | 1.0 | 9 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
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 4.3% 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
The operating margin was 7.5% in 2022 (sector median 1.5%), and the equity ratio 39.2%. In the other years the operating margin averaged 8.5%.
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 | 72 | weight 30% |
|---|---|---|
| Solidity | 44 | weight 25% |
| Liquidity | 48 | weight 15% |
| Growth | 62 | weight 15% |
| Consistency | 38 | weight 15% |
Durability: 56 (average over 4 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is NAFSTAD AS?
The operating margin was 9.5% in 2025, against a median of 3.4% among companies in the Morning class Small in the same sector. Return on assets was 14.8%.
How solid is NAFSTAD AS?
The equity ratio was 33.4% in 2025 (median 36.3%). Debt-to-equity was 2.00 (median 1.52).
What is the liquidity of NAFSTAD AS like?
The current ratio was 1.69 in 2025 (median 1.73).
How does NAFSTAD AS compare in Handel?
NAFSTAD AS ranks 9,351 of 23,065 in Handel for 2025. Among companies in the Morning class Small it is number 3,047 of 7,418. Revenue changed by 10.0% from the year before.
From the Central Coordinating Register
- Org. no.
- 978690211
- Legal form
- AS
- Sector
- Handel (46.340)
- Morning company class
- Small
- Employees
- 0–4 (not registered)
- Founded
- 4 July 1997 29 years in operation
- Share capital
- 1.43 MNOK
- Business address
- Skovveien 16, 0257 OSLO
- Municipality
- Oslo rank 63–221 of 357 in Norway
- 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
- Chair of the board
- Halvor Nafstad
- Deputy member
- Siri Nafstad
- Auditor
- REVISJON CONSULT AS
- Accountant
- M MORTENSEN REGNSKAPSSERVICE 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 30 October 2026.
Year by year · 2022–2025
| Key figure | 2022 | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|---|
| Index | 68 | 44 | 57 | 55 | |
| Rank | 64 | 12,370 | 8,115 | 9,351 | |
| Operating margin | 7.5% | 2.2% | 13.8% | 9.5% | |
| Return on assets | 7.9% | 3.4% | 19.0% | 14.8% | |
| Equity ratio | 39.2% | 30.5% | 34.0% | 33.4% | |
| Current ratio | 1.81 | 1.75 | 1.77 | 1.69 | |
| Revenue growth | – | 21.5% | 3.2% | 10.0% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Operating revenue | 30.2 MNOK | 36.7 MNOK | 37.8 MNOK | 41.6 MNOK |
| Operating profit | 2.3 MNOK | 0.8 MNOK | 5.2 MNOK | 3.9 MNOK |
| Profit before tax | 2.0 MNOK | −0.7 MNOK | 4.2 MNOK | 3.3 MNOK |
| Net profit | 1.6 MNOK | −0.8 MNOK | 3.3 MNOK | 2.4 MNOK |
| Financial expenses | 0.3 MNOK | 1.6 MNOK | 1.4 MNOK | 0.8 MNOK |
| Total assets | 29.5 MNOK | 28.8 MNOK | 29.0 MNOK | 27.6 MNOK |
| Current assets | 29.4 MNOK | 28.5 MNOK | 28.8 MNOK | 27.4 MNOK |
| Equity | 11.6 MNOK | 8.8 MNOK | 9.9 MNOK | 9.2 MNOK |
| Retained earnings | 10.6 MNOK | 7.9 MNOK | 8.9 MNOK | 8.3 MNOK |
| Total liabilities | 17.9 MNOK | 20.0 MNOK | 19.2 MNOK | 18.4 MNOK |
| Current liabilities | 16.2 MNOK | 16.3 MNOK | 16.2 MNOK | 16.3 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 30 October 2026, accounts id 7243628.
Further
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