VB Handel AS
Score · fiscal year 2025
23of 100
How to read this: the company is ahead of 5 % of companies in the Morning class Large in the same sector in 2025. What does this mean?
Rank in the Morning class Large: 513 of 541 · What are Morning company classes?
Place in the whole sector: 20,415 of 22,952 · Handel
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 22 and solidity 10 out of 100 among companies in the Morning class Large in the same sector in 2025. Methodology
Against the sector
VB Handel AS is 27 points below the median for companies in the Morning class Large in the same sector in 2025.
Median score 50 among 541 companies.
Against companies in the Morning class Large in the same sector in 2025: operating margin 0.9% (median 2.5%) and equity ratio 7.8% (median 30.9%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 877 MNOK | 1,119 MNOK |
| Operating margin | 0.9% | 2.5% |
| Profit margin | 1.1% | 2.5% |
| Return on assets | 3.6% | 10.2% |
| Equity ratio | 7.8% | 30.9% |
| Debt-to-equity | 11.89 | 2.23 |
| Current ratio | 1.08 | 1.30 |
| Revenue growth | −5.2% | 6.9% |
The median and “ahead of” refer to companies in the Morning class Large in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 23, VB Handel AS does better than 5% of companies in the Morning class Large in the same sector (541 companies) in 2025.
Score 2023–2025
- VB Handel AS
- Median: companies in the Morning class Large in the same sector
VB Handel AS has a score of 23 for 2025, rank 20,415 of 22,952 in the sector.
Strongest: Consistency: percentile 50 against peers.
Weakest: Solidity: percentile 10 against peers, equity ratio 7.8% against a median of 30.9%. Growth: percentile 15 against peers, revenue growth −5.2% against a median of 6.9%.
Worth a closer look
- The equity ratio is very low. Could the company absorb a bad year, and does it need more equity? Based on: equity ratio 7.8% (median 30.9%).
- What lies behind weak solidity, and will it last?
- What lies behind weak growth, 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
VB Handel AS had an operating margin of 0.9% and an equity ratio of 7.8% in 2025, and ranks 20,415 of 22,952 in Handel.
No large changes in the key figures from 2024 to 2025.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 21 MNOK and 73 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 73 MNOK |
| EV/EBIT | 8.0 | 66 MNOK |
| P/B | 1.0 | 21 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 equity ratio is very low. Could the company absorb a bad year, and does it need more equity?
Based on: Equity ratio 7.8% (median 30.9%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 0.2% 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 2022, the sector's weakest year, for this company.
The sector's weakest year was 2022, with a median operating margin of 1.5%. 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 | 22 | weight 30% |
|---|---|---|
| Solidity | 10 | weight 25% |
| Liquidity | 27 | weight 15% |
| Growth | 15 | weight 15% |
| Consistency | 50 | weight 15% |
Durability: 24 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is VB Handel AS?
The operating margin was 0.9% in 2025, against a median of 2.5% among companies in the Morning class Large in the same sector. Return on assets was 3.6%.
How solid is VB Handel AS?
The equity ratio was 7.8% in 2025 (median 30.9%). Debt-to-equity was 11.89 (median 2.23).
What is the liquidity of VB Handel AS like?
The current ratio was 1.08 in 2025 (median 1.30).
How does VB Handel AS compare in Handel?
VB Handel AS ranks 20,415 of 22,952 in Handel for 2025. Among companies in the Morning class Large it is number 513 of 541. Revenue changed by −5.2% from the year before.
From the Central Coordinating Register
- Org. no.
- 999063721
- Legal form
- AS
- Sector
- Handel (46.830)
- Morning company class
- Large
- Employees
- 0–4 (not registered)
- Founded
- 7 August 2012 14 years in operation
- Share capital
- 0.15 MNOK
- Business address
- Forusparken 2, 4031 STAVANGER
- Municipality
- Stavanger rank 5 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
- Anders Almestad
- Chair of the board
- Tone Bjørnov
- Board member
- Ellen Merete Hanetho
- Board member
- Hilde Elisabeth Horn Gilen
- Board member
- Morten Hegreberg
- Board member
- Erlend Wærøy Granbo
- Board member
- Espen Grongstad
- Auditor
- KPMG 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 | 23 | 26 | 23 | |
| Rank | 17,977 | 19,072 | 20,415 | |
| Operating margin | 1.1% | 1.1% | 0.9% | |
| Return on assets | 6.1% | 6.6% | 3.6% | |
| Equity ratio | 9.8% | 11.3% | 7.8% | |
| Current ratio | 1.10 | 1.11 | 1.08 | |
| Revenue growth | – | −8.4% | −5.2% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 1,009.7 MNOK | 925.1 MNOK | 877.3 MNOK |
| Operating profit | 11.2 MNOK | 9.9 MNOK | 8.2 MNOK |
| Profit before tax | 12.5 MNOK | 11.9 MNOK | 9.3 MNOK |
| Net profit | 9.7 MNOK | 9.3 MNOK | 7.3 MNOK |
| Financial expenses | 0.4 MNOK | 0.5 MNOK | 0.4 MNOK |
| Total assets | 213.8 MNOK | 187.7 MNOK | 270.9 MNOK |
| Current assets | 212.0 MNOK | 185.5 MNOK | 269.2 MNOK |
| Equity | 21.0 MNOK | 21.1 MNOK | 21.0 MNOK |
| Retained earnings | – | 0.1 MNOK | 0.0 MNOK |
| Total liabilities | 192.8 MNOK | 166.6 MNOK | 249.9 MNOK |
| Current liabilities | 192.8 MNOK | 166.6 MNOK | 249.9 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 29 October 2026, accounts id 6755730.
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