RECOVER AS
Score · fiscal year 2025
47of 100
How to read this: the company is ahead of 44 % of large companies in the same sector in 2025. What does this mean?
Rank: 18,634 of 32,582 · Bygg og anlegg
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 40 and solidity 65 out of 100 among large companies in the same sector in 2025. Methodology
Against the sector
RECOVER AS is 5 points below the median for large companies in the same sector in 2025.
Median score 52 among 86 companies.
Against large companies in the same sector in 2025: operating margin 1.0% (median 3.4%) and equity ratio 34.2% (median 26.2%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 1,852 MNOK | 1,770 MNOK |
| Operating margin | 1.0% | 3.4% |
| Profit margin | 1.3% | 3.8% |
| Return on assets | 8.8% | 7.6% |
| Equity ratio | 34.2% | 26.2% |
| Debt-to-equity | 1.93 | 2.81 |
| Current ratio | 1.06 | 1.22 |
| Revenue growth | −11.2% | 2.4% |
| Revenue per employee | 1.95 MNOK | 5.10 MNOK |
The median and “ahead of” refer to large companies in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 47, RECOVER AS does better than 44% of large companies in the same sector (89 companies) in 2025.
Score 2023–2025
- RECOVER AS
- Median: large companies in the same sector
RECOVER AS has a score of 47 for 2025, rank 18,634 of 32,582 in the sector.
Strongest: Consistency: percentile 79 against peers. Solidity: percentile 65 against peers, equity ratio 34.2% against a median of 26.2%.
Weakest: Growth: percentile 19 against peers, revenue growth −11.2% against a median of 2.4%. Liquidity: percentile 25 against peers, current ratio 1.06 against a median of 1.22.
Worth a closer look
- What lies behind weak growth, and will it last?
- 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
RECOVER AS had an operating margin of 1.0% and an equity ratio of 34.2% in 2025, and ranks 18,634 of 32,582 in Bygg og anlegg.
From 2024 to 2025: the equity ratio fell from 42.6% to 34.2% and revenue fell by 11%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 154 MNOK and 268 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 177 MNOK |
| EV/EBIT | 8.0 | 154 MNOK |
| P/B | 1.0 | 268 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 8.6% 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 2022, the sector's weakest year, for this company.
The sector's weakest year was 2022, with a median operating margin of 2.5%. Based on the 10 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 40 | weight 30% |
|---|---|---|
| Solidity | 65 | weight 25% |
| Liquidity | 25 | weight 15% |
| Growth | 19 | weight 15% |
| Consistency | 79 | weight 15% |
Durability: 49 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is RECOVER AS?
The operating margin was 1.0% in 2025, against a median of 3.4% among large companies in the same sector. Return on assets was 8.8%.
How solid is RECOVER AS?
The equity ratio was 34.2% in 2025 (median 26.2%). Debt-to-equity was 1.93 (median 2.81).
What is the liquidity of RECOVER AS like?
The current ratio was 1.06 in 2025 (median 1.22).
How does RECOVER AS compare in Bygg og anlegg?
RECOVER AS ranks 18,634 of 32,582 in Bygg og anlegg for 2025. Among companies of the same size (large companies) it ranks 50 of 89. Revenue changed by −11.2% 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.
Public contracts
- Contracts awarded since 2024
- 32
- in 24 notices (lots counted separately)
- Total awarded value since 2024
- 31.6 MNOK
- Framework agreements
- 31
- Left out of the total: the value is a ceiling, not actual spend.
| Date | Buyer | Notice | Value |
|---|---|---|---|
| 3 August 2026 | Alta kommune | Tømrertjenester - Rammeavtale | 10.0 MNOK (framework) |
| 6 July 2026 | Frogn kommune | Byggentreprenørtjenester, rammeavtale | 160.0 MNOK (framework) |
| 29 May 2026 | Sarpsborg kommune | Rengjøring og tømming av kommunale boliger | 7.0 MNOK (framework) (2 lots) |
| 4 March 2026 | Innherred Anskaffelser | Rammeavtale Håndverkertjenester Grong kommune | 1.6 MNOK (framework) (2 lots) |
| 1 March 2026 | Ringerike Kommune | Kontraktstildeling - Rammeavtale maler- og gulvleggerarbeider med tilhørende materiell og utstyr (2. gangs utlysning) | 10.0 MNOK (framework) |
| 23 February 2026 | Vestby kommune | Tømrertjenester, rammeavtale | 40.0 MNOK (framework) |
| 9 February 2026 | MOSS KOMMUNALE EIENDOMSSELSKAP KF | Rammeavtale tømrer- og snekkertjenester | 180.0 MNOK (framework) |
| 23 January 2026 | Sarpsborg kommune | Rammeavtale skadesanering - akutt innsats og skadehåndtering | 2.4 MNOK (framework) |
| 17 November 2025 | Ås kommune | Maler- og gulvleggertjenester, rammeavtale | 12.0 MNOK (framework) |
| 3 November 2025 | Rogaland fylkeskommune | Karmsund vgs. Nye verkstedlokaler - E202 Bygningsmessige arbeider | 31.6 MNOK |
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.
- 995761440
- Legal form
- AS · part of a group
- Sector
- Bygg og anlegg (43.990)
- Size tier
- large
- Employees
- 951 registered 10 October 2026
- Founded
- 20 July 2010 16 years in operation
- Share capital
- 3.35 MNOK
- Business address
- Lilleakerveien 4A, 0283 OSLO
- Municipality
- Oslo rank 63–221 of 357 in Norway
- Latest accounts filed
- 2025
- Website
- www.recover.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
- Torbjørn Flatås
- Chair of the board
- Erik Nicolay Sandøy
- Board member
- Monica Gulbrandsen
- Board member
- Jannicke Martens
- Board member
- Tom Roger Solberg
- Board member
- Christin Merete Solberg
- Board member
- Niklas Thomas Nygren Wahlstedt
- Deputy member
- Jostein Forbord
- Deputy member
- Anders Hansen Ask
- Deputy member
- Marianne Fosserud Furulund
- Auditor
- ERNST & YOUNG 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 29 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 33 | 66 | 47 | |
| Rank | 21,636 | 6,083 | 18,634 | |
| Operating margin | 2.4% | 3.2% | 1.0% | |
| Return on assets | 8.9% | 19.5% | 8.8% | |
| Equity ratio | 15.6% | 42.6% | 34.2% | |
| Current ratio | 0.90 | 1.09 | 1.06 | |
| Revenue growth | – | 11.0% | −11.2% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 1,878.5 MNOK | 2,085.9 MNOK | 1,852.1 MNOK |
| Operating profit | 44.3 MNOK | 67.1 MNOK | 18.5 MNOK |
| Profit before tax | 12.7 MNOK | 56.7 MNOK | 25.0 MNOK |
| Net profit | 5.2 MNOK | 38.7 MNOK | 17.7 MNOK |
| Financial expenses | 87.1 MNOK | 66.2 MNOK | 44.3 MNOK |
| Total assets | 1,121.2 MNOK | 631.1 MNOK | 784.9 MNOK |
| Current assets | 463.1 MNOK | 386.2 MNOK | 536.1 MNOK |
| Equity | 175.4 MNOK | 268.7 MNOK | 268.3 MNOK |
| Retained earnings | 92.0 MNOK | 185.4 MNOK | 184.9 MNOK |
| Total liabilities | 945.8 MNOK | 362.4 MNOK | 516.7 MNOK |
| Current liabilities | 514.1 MNOK | 353.6 MNOK | 505.7 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 29 October 2026, accounts id 7008438.
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