REFTEC AS
Score · fiscal year 2024
58of 100
How to read this: the company is ahead of 64 % of companies in the Morning class Small in the same sector in 2024. What does this mean?
Rank in the Morning class Small: 6,656 of 18,578 · What are Morning company classes?
Place in the whole sector: 6,975 of 19,490 · Bygg og anlegg
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 56 and solidity 66 out of 100 among companies in the Morning class Small in the same sector in 2024. Methodology
Against the sector
REFTEC AS is 7 points above the median for companies in the Morning class Small in the same sector in 2024.
Median score 51 among 18,569 companies.
Against companies in the Morning class Small in the same sector in 2024: operating margin 4.3% (median 4.1%) and equity ratio 48.9% (median 33.8%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 57 MNOK | 5 MNOK |
| Operating margin | 4.3% | 4.1% |
| Profit margin | 4.9% | 3.6% |
| Return on assets | 13.6% | 9.3% |
| Equity ratio | 48.9% | 33.8% |
| Debt-to-equity | 1.05 | 1.56 |
| Current ratio | 1.86 | 1.45 |
| Revenue growth | −15.8% | 4.2% |
| Revenue per employee | 3.35 MNOK | 1.43 MNOK |
The median and “ahead of” refer to companies in the Morning class Small in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
With an index of 58, REFTEC AS does better than 64% of companies in the Morning class Small in the same sector (18,578 companies) in 2024.
Score 2023–2025
- REFTEC AS
- Median: companies in the Morning class Small in the same sector
What the numbers say
REFTEC AS had an operating margin of 4.3% and an equity ratio of 48.9% in 2024, and ranks 6,975 of 19,490 in Bygg og anlegg.
From 2023 to 2024: the equity ratio rose from 25.9% to 48.9% and the operating margin fell from 12.4% to 4.3%.
This text is generated automatically from the 2024 accounts.
Three simple methods
The methods give between 11 MNOK and 22 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 22 MNOK |
| EV/EBIT | 8.0 | 21 MNOK |
| P/B | 1.0 | 11 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 1.8% of the debt in 2024. The policy rate averaged 4.50 % 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 2021, the sector's weakest year, for this company.
The sector's weakest year was 2021, with a median operating margin of 1.8%. 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 | 56 | weight 30% |
|---|---|---|
| Solidity | 66 | weight 25% |
| Liquidity | 67 | weight 15% |
| Growth | 22 | weight 15% |
| Consistency | 74 | weight 15% |
Durability: 55 (average over 2 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is REFTEC AS?
The operating margin was 4.3% in 2024, against a median of 4.1% among companies in the Morning class Small in the same sector. Return on assets was 13.6%.
How solid is REFTEC AS?
The equity ratio was 48.9% in 2024 (median 33.8%). Debt-to-equity was 1.05 (median 1.56).
What is the liquidity of REFTEC AS like?
The current ratio was 1.86 in 2024 (median 1.45).
How does REFTEC AS compare in Bygg og anlegg?
REFTEC AS ranks 6,975 of 19,490 in Bygg og anlegg for 2024. Among companies in the Morning class Small it is number 6,656 of 18,578. Revenue changed by −15.8% from the year before.
Public contracts
- Contracts awarded since 2024
- 1
- Total awarded value since 2024
- value not stated
- Framework agreements
- 1
- Left out of the total: the value is a ceiling, not actual spend.
| Date | Buyer | Notice | Value |
|---|---|---|---|
| 9 July 2024 | SYKEHUSINNKJØP HF | Kjøleanlegg for LAB- og Bevegelsessenteret St. Olavs hospital | value not stated |
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 27 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.
- 996926885
- Legal form
- AS
- Sector
- Bygg og anlegg (43.222)
- Morning company class
- Small
- Employees
- 17 registered 10 August 2026
- Founded
- 1 May 2011 15 years in operation
- Share capital
- 0.20 MNOK
- Business address
- Vestre Rosten 85, 7075 TILLER (TRONDHEIM)
- Municipality
- Trondheim rank 3 of 11 in KOSTRA group 12
- Latest accounts filed
- 2025
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
- Erik Dyrseth
- Chair of the board
- Stian Orvedal
- Board member
- Even Berg Hjukse
- Auditor
- CEDRA NORGE AS
- Accountant
- HEGLE REGNSKAP 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 | 52 | 58 | 48 | |
| Rank | 8,821 | 6,975 | 11,241 | |
| Operating margin | 12.4% | 4.3% | −2.6% | |
| Return on assets | 22.2% | 13.6% | −6.7% | |
| Equity ratio | 25.9% | 48.9% | 56.2% | |
| Current ratio | 1.30 | 1.86 | 2.09 | |
| Revenue growth | – | −15.8% | −11.4% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 67.7 MNOK | 57.0 MNOK | 50.5 MNOK |
| Operating profit | 8.4 MNOK | 2.4 MNOK | −1.3 MNOK |
| Profit before tax | 8.2 MNOK | 2.8 MNOK | −1.3 MNOK |
| Net profit | 6.4 MNOK | 2.2 MNOK | −1.1 MNOK |
| Financial expenses | −0.5 MNOK | 0.2 MNOK | 0.2 MNOK |
| Total assets | 34.4 MNOK | 22.1 MNOK | 17.4 MNOK |
| Current assets | 33.1 MNOK | 20.9 MNOK | 15.9 MNOK |
| Equity | 8.9 MNOK | 10.8 MNOK | 9.8 MNOK |
| Retained earnings | 6.4 MNOK | 7.3 MNOK | 6.3 MNOK |
| Total liabilities | 25.5 MNOK | 11.3 MNOK | 7.6 MNOK |
| Current liabilities | 25.5 MNOK | 11.2 MNOK | 7.6 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 29 October 2026, accounts id 6335323.
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