NOVAFORM AS
Score · fiscal year 2025
46of 100
How to read this: the company is ahead of 40 % of companies in the Morning class Medium in the same sector in 2025. What does this mean?
Rank in the Morning class Medium: 103 of 172 · What are Morning company classes?
Place in the whole sector: 1,475 of 2,478 · Teknisk tjenesteyting og forskning
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 43 and solidity 46 out of 100 among companies in the Morning class Medium in the same sector in 2025. Methodology
Against the sector
NOVAFORM AS is 5 points below the median for companies in the Morning class Medium in the same sector in 2025.
Median score 51 among 172 companies.
Against companies in the Morning class Medium in the same sector in 2025: operating margin 3.9% (median 5.9%) and equity ratio 31.7% (median 33.5%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 282 MNOK | 110 MNOK |
| Operating margin | 3.9% | 5.9% |
| Profit margin | 3.9% | 5.6% |
| Return on assets | 12.6% | 13.4% |
| Equity ratio | 31.7% | 33.5% |
| Debt-to-equity | 2.16 | 1.93 |
| Current ratio | 1.12 | 1.30 |
| Revenue growth | 10.8% | 10.8% |
| Revenue per employee | 1.83 MNOK | 2.56 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 46, NOVAFORM AS does better than 40% of companies in the Morning class Medium in the same sector (172 companies) in 2025.
Score 2023–2025
- NOVAFORM AS
- Median: companies in the Morning class Medium in the same sector
NOVAFORM AS has a score of 46 for 2025, rank 1,475 of 2,478 in the sector.
Strongest: Consistency: percentile 61 against peers.
Weakest: Liquidity: percentile 29 against peers, current ratio 1.12 against a median of 1.30.
Worth a closer look
- What lies behind weak liquidity, 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
NOVAFORM AS had an operating margin of 3.9% and an equity ratio of 31.7% in 2025, and ranks 1,475 of 2,478 in Teknisk tjenesteyting og forskning.
From 2024 to 2025: revenue grew by 11%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 29 MNOK and 110 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 83 MNOK |
| EV/EBIT | 8.0 | 110 MNOK |
| P/B | 1.0 | 29 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 0.7% 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 2021, the sector's weakest year, for this company.
The sector's weakest year was 2021, with a median operating margin of −0.2%. Based on the 8 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 43 | weight 30% |
|---|---|---|
| Solidity | 46 | weight 25% |
| Liquidity | 29 | weight 15% |
| Growth | 50 | weight 15% |
| Consistency | 61 | weight 15% |
Durability: 39 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is NOVAFORM AS?
The operating margin was 3.9% in 2025, against a median of 5.9% among companies in the Morning class Medium in the same sector. Return on assets was 12.6%.
How solid is NOVAFORM AS?
The equity ratio was 31.7% in 2025 (median 33.5%). Debt-to-equity was 2.16 (median 1.93).
What is the liquidity of NOVAFORM AS like?
The current ratio was 1.12 in 2025 (median 1.30).
How does NOVAFORM AS compare in Teknisk tjenesteyting og forskning?
NOVAFORM AS ranks 1,475 of 2,478 in Teknisk tjenesteyting og forskning for 2025. Among companies in the Morning class Medium it is number 103 of 172. Revenue changed by 10.8% from the year before.
Public contracts
- Contracts awarded since 2024
- 17
- Total awarded value since 2024
- value not stated
- 10 contracts without a stated value are not in the total.
- Framework agreements
- 7
- Left out of the total: the value is a ceiling, not actual spend.
Based on notices in Doffin. Does not show call-offs under framework agreements or purchases below the publication threshold. Values are as stated by the buyer.
Source: Doffin (DFØ), fetched 28 October 2026. Winners are matched on organisation number.
Contains data under the Norwegian licence for public data (NLOD 2.0) made available by Doffin/the Norwegian Agency for Public and Financial Management (DFØ). NLOD 2.0
From the Central Coordinating Register
- Org. no.
- 991356959
- Legal form
- AS
- Sector
- Teknisk tjenesteyting og forskning (71.121)
- Morning company class
- Medium
- Employees
- 154 registered 10 October 2026
- Founded
- 22 May 2007 19 years in operation
- Share capital
- 0.11 MNOK
- Business address
- Stokkamyrveien 22, 4313 SANDNES
- Municipality
- Sandnes rank 4 of 11 in KOSTRA group 12
- Latest accounts filed
- 2025
- Website
- www.novaform.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
- Christian Becker
- Chair of the board
- Carl Filip Martin Dahlgren
- Board member
- Linda Maria Årsköld
- Auditor
- CEDRA NORGE AS
Source: Central Coordinating Register, fetched 31 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 31 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 22 | 49 | 46 | |
| Rank | 2,116 | 1,294 | 1,475 | |
| Operating margin | 1.3% | 5.2% | 3.9% | |
| Return on assets | 3.9% | 14.6% | 12.6% | |
| Equity ratio | 22.8% | 27.4% | 31.7% | |
| Current ratio | 0.90 | 1.31 | 1.12 | |
| Revenue growth | – | 11.8% | 10.8% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 228.0 MNOK | 254.9 MNOK | 282.4 MNOK |
| Operating profit | 2.9 MNOK | 13.2 MNOK | 11.0 MNOK |
| Profit before tax | 2.3 MNOK | 13.1 MNOK | 11.1 MNOK |
| Net profit | 1.5 MNOK | 9.9 MNOK | 8.3 MNOK |
| Financial expenses | 0.7 MNOK | 0.5 MNOK | 0.4 MNOK |
| Total assets | 78.0 MNOK | 93.4 MNOK | 91.1 MNOK |
| Current assets | 52.8 MNOK | 65.4 MNOK | 65.4 MNOK |
| Equity | 17.8 MNOK | 25.6 MNOK | 28.9 MNOK |
| Retained earnings | −3.7 MNOK | 4.0 MNOK | 7.3 MNOK |
| Total liabilities | 60.2 MNOK | 67.9 MNOK | 62.3 MNOK |
| Current liabilities | 58.9 MNOK | 50.1 MNOK | 58.2 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 31 October 2026, accounts id 6855340.
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