RED & WHITE AS
Score · fiscal year 2025
30of 100
How to read this: the company is ahead of 15 % of companies in the Morning class Medium in the same sector in 2025. What does this mean?
Rank in the Morning class Medium: 3,157 of 3,712 · What are Morning company classes?
Place in the whole sector: 18,813 of 23,059 · Handel
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 11 and solidity 41 out of 100 among companies in the Morning class Medium in the same sector in 2025. Methodology
Against the sector
RED & WHITE AS is 20 points below the median for companies in the Morning class Medium in the same sector in 2025.
Median score 50 among 3,712 companies.
Against companies in the Morning class Medium in the same sector in 2025: operating margin −5.1% (median 3.0%) and equity ratio 25.7% (median 30.0%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 75 MNOK | 93 MNOK |
| Operating margin | −5.1% | 3.0% |
| Profit margin | 0.5% | 2.8% |
| Return on assets | 2.6% | 11.6% |
| Equity ratio | 25.7% | 30.0% |
| Debt-to-equity | 2.89 | 2.24 |
| Current ratio | 1.45 | 1.39 |
| Revenue growth | −12.8% | 6.1% |
| Revenue per employee | 5.73 MNOK | 5.07 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 30, RED & WHITE AS does better than 15% of companies in the Morning class Medium in the same sector (3,712 companies) in 2025.
Score 2023–2025
- RED & WHITE AS
- Median: companies in the Morning class Medium in the same sector
RED & WHITE AS has a score of 30 for 2025, rank 18,813 of 23,059 in the sector.
Strongest: Liquidity: percentile 54 against peers, current ratio 1.45 against a median of 1.39.
Weakest: Growth: percentile 8 against peers, revenue growth −12.8% against a median of 6.1%. Profitability: percentile 11 against peers, operating margin −5.1% against a median of 3.0%.
Worth a closer look
- The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors? Based on: operating margin −5.1% (median 3.0%).
- What lies behind weak growth, and will it last?
- 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
RED & WHITE AS had an operating margin of −5.1% and an equity ratio of 25.7% in 2025, and ranks 18,813 of 23,059 in Handel.
From 2024 to 2025: revenue fell by 13% and the equity ratio fell from 32.0% to 25.7%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 3 MNOK and 19 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 3 MNOK |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 19 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
The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors?
Based on: Operating margin −5.1% (median 3.0%).
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 | 11 | weight 30% |
|---|---|---|
| Solidity | 41 | weight 25% |
| Liquidity | 54 | weight 15% |
| Growth | 8 | weight 15% |
| Consistency | 51 | weight 15% |
Durability: 35 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is RED & WHITE AS?
The operating margin was −5.1% in 2025, against a median of 3.0% among companies in the Morning class Medium in the same sector. Return on assets was 2.6%.
How solid is RED & WHITE AS?
The equity ratio was 25.7% in 2025 (median 30.0%). Debt-to-equity was 2.89 (median 2.24).
What is the liquidity of RED & WHITE AS like?
The current ratio was 1.45 in 2025 (median 1.39).
How does RED & WHITE AS compare in Handel?
RED & WHITE AS ranks 18,813 of 23,059 in Handel for 2025. Among companies in the Morning class Medium it is number 3,157 of 3,712. Revenue changed by −12.8% from the year before.
Group accounts
The company is registered as part of a group, but we have no group accounts for it. Group accounts are filed by the parent company, and open data does not say which company that is.
Read the figures with care: a company in a group can look strong because of group contributions, or weak because dividends go up to the parent. The figures are indications, not the full picture.
We do not show the group structure, because open data does not say who owns whom.
From the Central Coordinating Register
- Org. no.
- 982214513
- Legal form
- AS · part of a group
- Sector
- Handel (46.340)
- Morning company class
- Medium
- Employees
- 13 registered 10 July 2025
- Founded
- 26 May 2000 26 years in operation
- Share capital
- 6.19 MNOK
- Business address
- Strandveien 15, 1366 LYSAKER (BÆRUM)
- Municipality
- Bærum rank 1 of 11 in KOSTRA group 12
- Latest accounts filed
- 2025
- Website
- www.redwhite.no
- LEI
- 549300CSWZN1IOKXKL08 renews 27 December 2026
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
- Torgrim Frafjord
- Chair of the board
- Torgrim Frafjord
- Board member
- Are Aamodt
- Board member
- Hege Victoria Høili Frafjord
- Board member
- Andrine Høili Frafjord
- Board member
- Signe Victoria Høili Frafjord
- Board member
- Niklas Ivesdal
- Board member
- Sivert Kristengård
- Auditor
- ØSTLANDSKE REVISORER AS
- Accountant
- ØKONOMI I SYSTEM AS
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 | 34 | 42 | 30 | |
| Rank | 15,474 | 14,676 | 18,813 | |
| Operating margin | −3.9% | −7.6% | −5.1% | |
| Return on assets | 4.1% | 3.2% | 2.6% | |
| Equity ratio | 23.4% | 32.0% | 25.7% | |
| Current ratio | 1.55 | 1.69 | 1.45 | |
| Revenue growth | – | 1.4% | −12.8% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 84.3 MNOK | 85.5 MNOK | 74.5 MNOK |
| Operating profit | −3.3 MNOK | −6.5 MNOK | −3.8 MNOK |
| Profit before tax | 1.0 MNOK | 0.5 MNOK | 0.3 MNOK |
| Net profit | 1.0 MNOK | 0.5 MNOK | 0.3 MNOK |
| Financial expenses | 2.3 MNOK | 1.4 MNOK | 1.6 MNOK |
| Total assets | 80.7 MNOK | 60.8 MNOK | 73.2 MNOK |
| Current assets | 70.8 MNOK | 51.0 MNOK | 61.4 MNOK |
| Equity | 18.9 MNOK | 19.5 MNOK | 18.8 MNOK |
| Retained earnings | 12.7 MNOK | 13.3 MNOK | 13.4 MNOK |
| Total liabilities | 61.8 MNOK | 41.4 MNOK | 54.4 MNOK |
| Current liabilities | 45.8 MNOK | 30.2 MNOK | 42.3 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 28 October 2026, accounts id 7107239.
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