MINDOR AS
Score · fiscal year 2025
60of 100
How to read this: the company is ahead of 71 % of small companies in the same sector in 2025. What does this mean?
Rank: 11,347 of 38,671 · Handel
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 29 and solidity 87 out of 100 among small companies in the same sector in 2025. Methodology
Against the sector
MINDOR AS is 10 points above the median for small companies in the same sector in 2025.
Median score 50 among 36,111 companies.
Against small companies in the same sector in 2025: operating margin −74.3% (median 2.5%) and equity ratio 91.6% (median 38.3%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 0 MNOK | 3 MNOK |
| Operating margin | −74.3% | 2.5% |
| Profit margin | 174.6% | 2.2% |
| Return on assets | 4.7% | 4.0% |
| Equity ratio | 91.6% | 38.3% |
| Debt-to-equity | 0.09 | 0.99 |
| Current ratio | 1.74 | 1.70 |
| Revenue growth | 150.0% | 3.5% |
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 60, MINDOR AS does better than 71% of small companies in the same sector (36,580 companies) in 2025.
Score 2023–2025
- MINDOR AS
- Median: small companies in the same sector
MINDOR AS has a score of 60 for 2025, rank 11,347 of 38,671 in the sector.
Strongest: Growth: percentile 94 against peers, revenue growth 150.0% against a median of 3.5%. Solidity: percentile 87 against peers, equity ratio 91.6% against a median of 38.3%.
Weakest: Profitability: percentile 29 against peers, operating margin −74.3% against a median of 2.5%.
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 −74.3% (median 2.5%).
- 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
MINDOR AS had an operating margin of −74.3% and an equity ratio of 91.6% in 2025, and ranks 11,347 of 38,671 in Handel.
From 2024 to 2025: the operating margin rose from −435.3% to −74.3% and revenue grew by 150%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 1 MNOK and 2 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 1 MNOK |
| EV/EBIT | 8.0 | not meaningful |
| 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
The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors?
Based on: Operating margin −74.3% (median 2.5%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 0.0% 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 2017, the sector's weakest year, for this company.
The sector's weakest year was 2017, with a median operating margin of −65.6%. 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 | 29 | weight 30% |
|---|---|---|
| Solidity | 87 | weight 25% |
| Liquidity | 51 | weight 15% |
| Growth | 94 | weight 15% |
| Consistency | 53 | weight 15% |
Durability: 69 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is MINDOR AS?
The operating margin was −74.3% in 2025, against a median of 2.5% among small companies in the same sector. Return on assets was 4.7%.
How solid is MINDOR AS?
The equity ratio was 91.6% in 2025 (median 38.3%). Debt-to-equity was 0.09 (median 0.99).
What is the liquidity of MINDOR AS like?
The current ratio was 1.74 in 2025 (median 1.70).
How does MINDOR AS compare in Handel?
MINDOR AS ranks 11,347 of 38,671 in Handel for 2025. Among companies of the same size (small companies) it ranks 10,643 of 36,580. Revenue changed by 150.0% from the year before.
From the Central Coordinating Register
- Org. no.
- 989245155
- Legal form
- AS
- Sector
- Handel (46.830)
- Size tier
- small
- Employees
- 0–4 (not registered)
- Founded
- 21 December 2005 20 years in operation
- Share capital
- 0.10 MNOK
- Business address
- Ulltang, 6815 FØRDE (SUNNFJORD)
- Municipality
- Sunnfjord rank 5 of 27 in KOSTRA group 9
- Audit
- Audit opted out from 15 January 2018
- Latest accounts filed
- 2025
- Website
- www.mindor.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
- Mindor Karl Sunde
- Chair of the board
- Dag Solheim
- Board member
- Mindor Karl Sunde
- Deputy member
- Hege Kristin Sunde
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.
Figures last fetched 29 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 92 | 54 | 60 | |
| Rank | 228 | 15,533 | 11,347 | |
| Operating margin | 28.8% | −435.3% | −74.3% | |
| Return on assets | 29.1% | 21.4% | 4.7% | |
| Equity ratio | 98.3% | 93.8% | 91.6% | |
| Current ratio | 20.69 | 2.07 | 1.74 | |
| Revenue growth | – | −67.7% | 150.0% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 0.1 MNOK | 0.0 MNOK | 0.1 MNOK |
| Operating profit | 0.0 MNOK | −0.1 MNOK | 0.0 MNOK |
| Profit before tax | 0.5 MNOK | 0.4 MNOK | 0.1 MNOK |
| Net profit | 0.5 MNOK | 0.4 MNOK | 0.1 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Total assets | 1.8 MNOK | 2.0 MNOK | 1.9 MNOK |
| Current assets | 0.6 MNOK | 0.2 MNOK | 0.3 MNOK |
| Equity | 1.8 MNOK | 1.8 MNOK | 1.8 MNOK |
| Retained earnings | 1.7 MNOK | 1.7 MNOK | 1.7 MNOK |
| Total liabilities | 0.0 MNOK | 0.1 MNOK | 0.2 MNOK |
| Current liabilities | 0.0 MNOK | 0.1 MNOK | 0.2 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 29 October 2026, accounts id 6742012.
Further
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