MINDEPARKEN AS
Score · fiscal year 2025
48of 100
How to read this: the company is ahead of 46 % of companies in the Morning class Small in the same sector in 2025. What does this mean?
Rank in the Morning class Small: 149 of 275 · What are Morning company classes?
Place in the whole sector: 543 of 1,018 · Sjøfart
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 82 and solidity 5 out of 100 among companies in the Morning class Small in the same sector in 2025. Methodology
Against the sector
MINDEPARKEN AS is 3 points below the median for companies in the Morning class Small in the same sector in 2025.
Median score 51 among 275 companies.
Against companies in the Morning class Small in the same sector in 2025: operating margin 31.3% (median 8.5%) and equity ratio 0.3% (median 42.9%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 43 MNOK | 27 MNOK |
| Operating margin | 31.3% | 8.5% |
| Profit margin | 29.2% | 7.0% |
| Return on assets | 31.1% | 7.4% |
| Equity ratio | 0.3% | 42.9% |
| Debt-to-equity | 397.54 | 1.24 |
| Current ratio | 0.23 | 1.46 |
| Revenue growth | 26.9% | 2.8% |
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 48, MINDEPARKEN AS does better than 46% of companies in the Morning class Small in the same sector (275 companies) in 2025.
Score 2023–2025
- MINDEPARKEN AS
- Median: companies in the Morning class Small in the same sector
MINDEPARKEN AS has a score of 48 for 2025, rank 543 of 1,018 in the sector.
Strongest: Growth: percentile 82 against peers, revenue growth 26.9% against a median of 2.8%. Profitability: percentile 82 against peers, operating margin 31.3% against a median of 8.5%.
Weakest: Solidity: percentile 5 against peers, equity ratio 0.3% against a median of 42.9%. Liquidity: percentile 12 against peers, current ratio 0.23 against a median of 1.46.
Worth a closer look
- Consider strengthening liquidity: current liabilities are 4.3 times current assets. Based on: current ratio 0.23 (median 1.46).
- The equity ratio is very low. Could the company absorb a bad year, and does it need more equity? Based on: equity ratio 0.3% (median 42.9%).
- Strong growth with weak liquidity. Is the growth financed, or does it tie up capital the company does not have? Based on: revenue growth 26.9% (median 2.8%); current ratio 0.23 (median 1.46).
- 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
MINDEPARKEN AS had an operating margin of 31.3% and an equity ratio of 0.3% in 2025, and ranks 543 of 1,018 in Sjøfart.
From 2024 to 2025: the operating margin rose from 16.0% to 31.3% and revenue grew by 27%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 0 MNOK and 99 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 99 MNOK |
| EV/EBIT | 8.0 | 76 MNOK |
| P/B | 1.0 | 0 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
- critical
Consider strengthening liquidity: current liabilities are 4.3 times current assets.
Based on: Current ratio 0.23 (median 1.46).
- watch
The equity ratio is very low. Could the company absorb a bad year, and does it need more equity?
Based on: Equity ratio 0.3% (median 42.9%).
- 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 26.9% (median 2.8%); Current ratio 0.23 (median 1.46).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 10.4% 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 2026, the sector's weakest year, for this company.
The sector's weakest year was 2026, with a median operating margin of 6.1%. Based on the 7 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 82 | weight 30% |
|---|---|---|
| Solidity | 5 | weight 25% |
| Liquidity | 12 | weight 15% |
| Growth | 82 | weight 15% |
| Consistency | 54 | weight 15% |
Durability: 40 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is MINDEPARKEN AS?
The operating margin was 31.3% in 2025, against a median of 8.5% among companies in the Morning class Small in the same sector. Return on assets was 31.1%.
How solid is MINDEPARKEN AS?
The equity ratio was 0.3% in 2025 (median 42.9%). Debt-to-equity was 397.54 (median 1.24).
What is the liquidity of MINDEPARKEN AS like?
The current ratio was 0.23 in 2025 (median 1.46). Current assets did not cover current liabilities.
How does MINDEPARKEN AS compare in Sjøfart?
MINDEPARKEN AS ranks 543 of 1,018 in Sjøfart for 2025. Among companies in the Morning class Small it is number 149 of 275. Revenue changed by 26.9% 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.
- 989683349
- Legal form
- AS · part of a group
- Sector
- Sjøfart (50.201)
- Morning company class
- Small
- Employees
- 0–4 (not registered)
- Founded
- 1 March 2006 20 years in operation
- Share capital
- 0.10 MNOK
- Business address
- Kanalveien 109, 5068 BERGEN
- Municipality
- Bergen rank 8 of 11 in KOSTRA group 12
- Latest accounts filed
- 2025
- Website
- www.nistad.com
- LEI
- 6367007IC3J3T3SLA259 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
- Chief executive
- Birgit Nistad
- Chair of the board
- Børge Knustad
- Board member
- Jan Vablum
- Board member
- Birgit Nistad
- Auditor
- COLLEGIUM REVISJON AS
Source: Central Coordinating Register, fetched 29 October 2026. Only names are shown.
- Parent company
- NISTADGRUPPEN AS (Norway)
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 31 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 29 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 38 | 35 | 48 | |
| Rank | 626 | 760 | 543 | |
| Operating margin | 33.1% | 16.0% | 31.3% | |
| Return on assets | 36.1% | 19.9% | 31.1% | |
| Equity ratio | 1.6% | 0.3% | 0.3% | |
| Current ratio | 0.13 | 0.38 | 0.23 | |
| Revenue growth | – | −16.6% | 26.9% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 41.0 MNOK | 34.2 MNOK | 43.4 MNOK |
| Operating profit | 13.6 MNOK | 5.5 MNOK | 13.6 MNOK |
| Profit before tax | 13.4 MNOK | 6.5 MNOK | 12.7 MNOK |
| Net profit | 10.5 MNOK | 5.1 MNOK | 9.9 MNOK |
| Financial expenses | 1.1 MNOK | 1.1 MNOK | 6.3 MNOK |
| Total assets | 40.1 MNOK | 38.1 MNOK | 61.1 MNOK |
| Current assets | 3.9 MNOK | 9.7 MNOK | 6.0 MNOK |
| Equity | 0.6 MNOK | 0.1 MNOK | 0.2 MNOK |
| Retained earnings | 0.5 MNOK | – | – |
| Total liabilities | 39.5 MNOK | 38.0 MNOK | 61.0 MNOK |
| Current liabilities | 30.0 MNOK | 25.9 MNOK | 25.8 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 29 October 2026, accounts id 6897338.
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