Mindor Formwork AS

ASActive

Org 916959885Bruksenhetsnummer H0101 Ulltang Førdefjordvegen 319, 6815 FørdeWholesale of wood, construction materials and sanitary equipment· NACE 4683Est. 2016 · 10 years old0 employeeshttps://www.mindor.no

Overview

Mindor Formwork AS is a Norwegian AS based in Førde, operating in the Wholesale of wood, construction materials and sanitary equipment sector. Incorporated in 2016, the company has 0 employees and reported revenue of NOK 1.0m in its latest annual filing.

Revenue 2025

1M NOK

+201% vs 2024

EBITDA margin

14.4 %

+281% vs 2024

Net profit 2025

0.2M NOK

+287% vs 2024

Key ratios

See full ratios →

68.1 %

Strong

Among the 30% highest rated companies in the industry

20212025

3.1×

Strong

Among the 30% highest rated companies in the industry

20212025

29.1 %

Very strong

Among the 10% highest rated companies in the industry

20212025

EBITDA — year on year

NOK thousands

Key figures

Annual report 2025

Revenue	1M NOK	+201%
EBITDA	0.1M NOK	+281%
Net profit	0.2M NOK	+287%
Total assets	0.5M NOK	+125%
Equity	0.4M NOK	+75%
Employees	0	—

Contact

Address

Bruksenhetsnummer H0101 Ulltang Førdefjordvegen 319, 6815 Førde

Website

https://www.mindor.no

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Financial development

In its most recent annual report (2025), Mindor Formwork AS reported revenue of NOK 1.0m, an increase of 201% on the year before. The figures on this page draw on 5 annual filings covering 2021 to 2025. The bottom line showed a net profit of NOK 151.8k, and the EBITDA margin stood at 14.4%.

At the end of 2025, equity financed 68.1% of the balance sheet, and current assets covered short-term debt 3.1 times.

Financials

Revenue

NOK thousands

EBITDA

NOK thousands

Income statement

NOK thousands

Item	2025	2024	2023	2022	2021
Revenue	1,034	344	1,112	136	30
Staff expenses	-0	-0	-0	-0	-0
EBITDA	149	-82	158	-76	-53
Depreciation & amort.	-0	-0	-0	-0	-50
EBIT	149	-82	158	-76	-103
Net financials	3	1	-0	-1	-1
Profit before tax	152	-81	158	-78	-104
Tax	-0	-0	-0	-0	-0
Net profit	152	-81	158	-78	-104

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Balance sheet

NOK thousands

Item	2025	2024	2023	2022	2021
Total assets	521	231	373	207	207
Equity	355	203	-16	-174	-96
Long-term debt	0	0	300	11	11
Short-term debt	166	28	89	370	293
Total debt	166	28	389	380	304

Financial ratios

5-year trend

EBITDA margin

14.4 %

20212025

Equity ratio

68.1 %

Strong

Among the 30% highest rated companies in the industry

20212025

Return on equity

42.8 %

Strong

Among the 30% highest rated companies in the industry

20212025

Net profit margin

14.7 %

Very strong

Among the 20% highest rated companies in the industry

20212025

Asset turnover

1.99×

Average

Around the average of companies in the same industry

20212025

Debt / equity

0.47×

Strong

Among the 30% highest rated companies in the industry

20212025

Sector performance

26 of 28 ratios graded

28 financial ratios from the latest filing, each graded against companies in the same industry.

Profitability

Gross marginAverage

Around the average of companies in the same industry

The gross result as a share of revenue — how much of the revenue is left after variable costs to cover the company's fixed costs.

Operating marginVery strong

Among the 20% highest rated companies in the industry

EBIT as a share of revenue — the share of revenue remaining as earnings once all operating costs are covered. A key measure of earning power.

Net profit marginVery strong

Among the 20% highest rated companies in the industry

The profit for the year as a share of revenue — the company's ability to turn revenue into profit.

Return on equity (ROE)Strong

Among the 30% highest rated companies in the industry

Net profit as a percentage of equity — the return the owners earned on their invested capital this year.

Return on assets (ROA)Very strong

Among the 10% highest rated companies in the industry

Net profit as a percentage of total assets — the return generated on the capital employed.

Return on net assets (RONA)Strong

Among the 30% highest rated companies in the industry

Profit relative to net assets (total assets minus total debt) — the ability to generate earnings from the net asset base alone.

Basic earning power (BEP)Very strong

Among the 20% highest rated companies in the industry

EBIT relative to total assets — the company's earning power before the effects of tax and financial leverage.

Capacity ratioVery strong

Among the 20% highest rated companies in the industry

Shows how strongly fixed costs weigh on the gross result — a high ratio means fixed costs take only a small bite out of the earnings from basic operations.

Liquidity

Current ratioStrong

Among the 30% highest rated companies in the industry

Current assets relative to short-term debt — the ability to settle short-term obligations with current assets alone. Around 150% is considered satisfactory from a credit perspective.

Quick ratioStrong

Among the 30% highest rated companies in the industry

Current assets excluding inventory relative to short-term debt — whether the most liquid assets alone can cover the short-term obligations. A value of 1 or above signals a healthy liquidity position.

Cash ratioVery strong

Among the 20% highest rated companies in the industry

Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.

Current assets to equityAverage

Around the average of companies in the same industry

Current assets relative to equity — an indicator of the balance-sheet structure and of the company's short- and long-term financing. The healthy level is highly industry-dependent.

Fixed assets to long-term capitalVery strong

Among the 10% highest rated companies in the industry

Fixed assets relative to long-term capital (equity plus long-term liabilities). Below 100% means the long-term capital finances more than just the fixed assets — a healthier liquidity position.

Cash conversion ratioWeak

Among the 40% lowest rated companies in the industry

Cash flow relative to profit — the ability to convert reported profits into accessible cash.

Debt & solvency

Solidity ratioStrong

Among the 30% highest rated companies in the industry

Equity as a share of total assets — the ability to absorb losses. Around 40% is considered satisfactory from a credit perspective.

Debt ratioStrong

Among the 30% highest rated companies in the industry

Total debt relative to the balance-sheet total — the share of the assets financed by debt rather than equity.

Debt to equityStrong

Among the 30% highest rated companies in the industry

Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.

Liabilities to equityStrong

Among the 40% highest rated companies in the industry

Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.

Income to debtVery strong

Among the 10% highest rated companies in the industry

Profit relative to debt — the ability to create earnings while operating with debt.

EBITDA to debtVery strong

Among the 10% highest rated companies in the industry

EBITDA relative to debt — how much operating earnings are available to service the debt.

Interest rate on debtVery strong

Among the 10% highest rated companies in the industry

Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.

Interest marginVery strong

Among the 10% highest rated companies in the industry

The return on assets minus the interest rate on debt. Positive means the company benefits from operating with debt; negative means the debt makes it worse off.

Interest coverageNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

The ability to pay the interest on the company's debt out of its earnings.

Efficiency & development

Asset turnoverAverage

Around the average of companies in the same industry

Revenue relative to total assets — the ability to generate revenue from the asset base.

Equity to contributed capitalWeak

Among the 30% lowest rated companies in the industry

Total equity relative to the capital the owners contributed — how the equity has developed from its starting point.

One-year change in equityVery strong

Among the 10% highest rated companies in the industry

The size of this year's increase or decrease in the company's equity.

One-year change in debtVery weak

Among the 10% lowest rated companies in the industry

The size of this year's increase or decrease in the company's debt.

Inventory turnoverNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

Revenue relative to inventory — how many times a year the inventory is sold and replaced. A low value can indicate weak sales or excess inventory.

Annual reports & filings

Annual report 2025
Filed via Brønnøysundsregistrene · Period 2025-01-01 – 2025-12-31
View PDF
Annual report 2024
Filed via Brønnøysundsregistrene · Period 2024-01-01 – 2024-12-31
View PDF
Annual report 2023
Filed via Brønnøysundsregistrene · Period 2023-01-01 – 2023-12-31
View PDF
Annual report 2022
Filed via Brønnøysundsregistrene · Period 2022-01-01 – 2022-12-31
View PDF
Annual report 2021
Filed via Brønnøysundsregistrene · Period 2021-01-01 – 2021-12-31
View PDF

People & ownership

Management

Actively employed in the business

Name	Role	Member since
Current (1)
MK Mindor Karl Sunde Chief Executive Officer	Chief Executive Officer	2016

Board of directors

Non-executive oversight

Name	Role	Member since
Current (2)
MK Mindor Karl Sunde Board of Directors	Board of Directors	2016
DS Dag Solheim Chairman	Chairman	2016

Shareholders

Active legal owners

Shareholder	Type	Ownership	Votes	Registered
Mindor As	Company	100%	100%	2020

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Related companies

Company hierarchy

Mindor As100%

Mindor Formwork AS (this company)

Board network connections

Board members of Mindor Formwork AS also hold positions in 25 other companies.

Person	Role here	Other companies
Dag Solheim	Chairman	21 companiesMany roles
Mindor Karl Sunde	Chief Executive Officer	4 companies

Frequently asked questions

What is the Org number of Mindor Formwork AS?

Mindor Formwork AS is registered with Brønnøysundsregistrene under Org 916959885.

What is the revenue of Mindor Formwork AS?

Mindor Formwork AS reported revenue of NOK 1.0m in 2025.

Who is the CEO of Mindor Formwork AS?

Mindor Karl Sunde is the CEO of Mindor Formwork AS.

Who is the chairman of Mindor Formwork AS?

Dag Solheim chairs the board of Mindor Formwork AS.

Where is Mindor Formwork AS headquartered?

Mindor Formwork AS's registered address is Bruksenhetsnummer H0101 Ulltang Førdefjordvegen 319.