Solid Rørfornying AS
ASActiveOrg 930886556Brobekkveien 80, 0582 OsloPlumbing, heat and air-conditioning installation· NACE 4322Est. 2023 · 3 years old1-4 employees
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Overview
Solid Rørfornying AS is a Norwegian AS based in Oslo, operating in the Plumbing, heat and air-conditioning installation sector. Incorporated in 2023, the company reported revenue of NOK 7.6m in its latest annual filing.
Revenue 2025
7.6M NOK
+34% vs 2024
EBITDA margin
13.7 %
+38934% vs 2024
Net profit 2025
0.5M NOK
+299% vs 2024
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
57.3 %
StrongAmong the 40% highest rated companies in the industry
20232025
Liquidity ratioCurrent assets ÷ Short-term debt
2.3×
StrongAmong the 30% highest rated companies in the industry
20232025
Return on assets (ROA)Net profit ÷ Total assets × 100
11.4 %
StrongAmong the 40% highest rated companies in the industry
20232025
EBITDA — year on year
NOK thousandsKey figures
Annual report 2025| Revenue | 7.6M NOK | +34% |
| EBITDA | 1M NOK | +38934% |
| Net profit | 0.5M NOK | +299% |
| Total assets | 4.7M NOK | +19% |
| Equity | 2.7M NOK | +16% |
| Employees | — | — |
Company information
Legal name
SOLID RØRFORNYING AS
Org number
930886556
Legal form
Aksjeselskap
NACE code
Founded
16 January 2023 · 3 years
Share capital
NOK 100,000
Employees
1-4
VAT registered
Yes
Audit selected
No
Last report
2025-12-31
Financial year
January – December
Signatory rights
To styremedlemmer i fellesskap.
Company purpose
Rørfornying og alt som naturlig faller innenfor dette.
(no translation available)
Address
Brobekkveien 80, 0582 Oslo
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Financial development
In its most recent annual report (2025), Solid Rørfornying AS reported revenue of NOK 7.6m, an increase of 34% on the year before. The figures on this page draw on 3 annual filings covering 2023 to 2025. The bottom line showed a net profit of NOK 531.1k, and the EBITDA margin stood at 13.7%.
At the end of 2025, equity financed 57.3% of the balance sheet, and current assets covered short-term debt 2.3 times.
Financials
Revenue
NOK thousandsEBITDA
NOK thousandsIncome statement
NOK thousands| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Revenue | 7,555 | 5,648 | 4,300 |
| Staff expenses | -3,237 | -2,783 | -1,902 |
| EBITDA | 1,033 | -3 | 83 |
| Depreciation & amort. | -385 | -338 | -201 |
| EBIT | 648 | -340 | -118 |
| Net financials | 33 | -2 | -16 |
| Profit before tax | 681 | -342 | -134 |
| Tax | 150 | -75 | -33 |
| Net profit | 531 | -267 | -101 |
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Balance sheet
NOK thousands| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total assets | 4,666 | 3,935 | 5,007 |
| Equity | 2,675 | 2,304 | 2,045 |
| Long-term debt | 377 | 868 | 1,795 |
| Short-term debt | 1,614 | 763 | 1,167 |
| Total debt | 1,991 | 1,631 | 2,962 |
Financial ratios
5-year trendEBITDA margin
13.7 %
20232025
Equity ratio
57.3 %
StrongAmong the 40% highest rated companies in the industry
20232025
Return on equity
19.9 %
AverageAround the average of companies in the same industry
20232025
Net profit margin
7.0 %
StrongAmong the 40% highest rated companies in the industry
20232025
Asset turnover
1.62×
AverageAround the average of companies in the same industry
20232025
Debt / equity
0.74×
StrongAmong the 40% highest rated companies in the industry
20232025
Sector performance
28 of 28 ratios graded28 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 marginStrong
Among the 40% 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 marginStrong
Among the 40% 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)Average
Around the average of companies in the same industry
Net profit as a percentage of equity — the return the owners earned on their invested capital this year.
Return on assets (ROA)Strong
Among the 40% 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)Average
Around the average of companies in the same 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)Strong
Among the 30% 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 ratioStrong
Among the 40% 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 weak
Among the 20% lowest 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 capitalStrong
Among the 40% 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 ratioVery strong
Among the 20% highest 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 40% 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 40% 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 debtStrong
Among the 30% 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 20% highest rated companies in the industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest coverageVery strong
Among the 20% highest rated companies in the industry
The ability to pay the interest on the company's debt out of its earnings.
Interest rate on debtStrong
Among the 40% highest rated companies in the industry
Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.
Interest marginStrong
Among the 30% 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.
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.
Inventory turnoverVery weak
Among the 20% lowest rated companies in the industry
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.
Equity to contributed capitalStrong
Among the 30% highest 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 equityStrong
Among the 40% highest rated companies in the industry
The size of this year's increase or decrease in the company's equity.
One-year change in debtWeak
Among the 40% lowest rated companies in the industry
The size of this year's increase or decrease in the company's debt.
Annual reports & filings
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (1) | ||
TO Chief Executive Officer | Chief Executive Officer | 2023 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (2) | ||
CA Board of Directors | Board of Directors | 2023 |
NH Chairman | Chairman | 2025 |
Former (2)
BO Chairman | Chairman | 2023 – 2024 |
OI Chairman | Chairman | 2024 – 2025 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 100% | 100% | 2023 |
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Related companies
Company hierarchy
Corda Group As
Solid Rørfornying AS Board network connections
Board members of Solid Rørfornying AS also hold positions in 68 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Cathrin Adolfsen | Board of Directors | 21 companiesMany roles |
| Odd Inge Olsen | Chairman | 17 companiesMany roles |
| Bjørn Oscar Semb Fredricsson | Chairman | 16 companiesMany roles |
| Nicolay Henrik Knudtzon | Chairman | 14 companiesMany roles |
Frequently asked questions
What is the Org number of Solid Rørfornying AS?
Solid Rørfornying AS is registered with Brønnøysundsregistrene under Org 930886556.
What is the revenue of Solid Rørfornying AS?
Solid Rørfornying AS reported revenue of NOK 7.6m in 2025.
Who is the CEO of Solid Rørfornying AS?
Tor Ove Olsen is the CEO of Solid Rørfornying AS.
Who is the chairman of Solid Rørfornying AS?
Nicolay Henrik Knudtzon chairs the board of Solid Rørfornying AS, in role since 2025.
Where is Solid Rørfornying AS headquartered?
Solid Rørfornying AS's registered address is Brobekkveien 80.