Forus Rør AS

ASDissolved

Org 937435355Luramyrveien 75, 4313 SandnesPlumbing, heat and air-conditioning installation· NACE 4322Est. 1985 · 40 years old28 employees

Overview

Forus Rør AS is a Norwegian AS based in Sandnes, operating in the Plumbing, heat and air-conditioning installation sector. Incorporated in 1985, the company has 28 employees and reported revenue of NOK 53.6m in its latest annual filing.

Revenue 2024

53.6M NOK

+8% vs 2023

EBITDA margin

5.8 %

+52% vs 2023

Net profit 2024

2M NOK

+2% vs 2023

Key ratios

See full ratios →

32.2 %

Average

Around the average of companies in the same industry

20202024

1.6×

Average

Around the average of companies in the same industry

20202024

12.2 %

Strong

Among the 40% highest rated companies in the industry

20202024

EBITDA — year on year

NOK thousands

Key figures

Annual report 2024

Revenue	53.6M NOK	+8%
EBITDA	3.1M NOK	+52%
Net profit	2M NOK	+2%
Total assets	16.4M NOK	+26%
Equity	5.3M NOK	+16%
Employees	28	—

Financial development

In its most recent annual report (2024), Forus Rør AS reported revenue of NOK 53.6m, an increase of 8% on the year before. The figures on this page draw on 5 annual filings covering 2020 to 2024. The bottom line showed a net profit of NOK 2.0m, and the EBITDA margin stood at 5.8%.

At the end of 2024, equity financed 32.2% of the balance sheet, and current assets covered short-term debt 1.6 times.

Financials

Revenue

NOK millions

EBITDA

NOK thousands

Income statement

NOK thousands

Item	2024	2023	2022	2021	2020
Revenue	53,617	49,727	46,431	42,517	41,315
Staff expenses	-18,944	-17,634	-15,285	-13,507	-13,101
EBITDA	3,122	2,056	1,439	2,005	2,686
Depreciation & amort.	-436	-29	-0	-0	-35
EBIT	2,686	2,026	1,439	2,005	2,651
Net financials	-74	-6	1	22	50
Profit before tax	2,612	2,020	1,441	2,027	2,701
Tax	617	73	-0	-0	-0
Net profit	1,995	1,947	1,441	2,027	2,701

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Balance sheet

NOK thousands

Item	2024	2023	2022	2021	2020
Total assets	16,412	13,052	10,898	8,520	7,113
Equity	5,282	4,537	3,208	2,142	490
Long-term debt	1,934	253	0	0	0
Short-term debt	9,195	8,262	7,690	6,378	6,623
Total debt	11,129	8,515	7,690	6,378	6,623

Financial ratios

5-year trend

EBITDA margin

5.8 %

20202024

Equity ratio

32.2 %

Average

Around the average of companies in the same industry

20202024

Return on equity

37.8 %

Strong

Among the 40% highest rated companies in the industry

20202024

Net profit margin

3.7 %

Average

Around the average of companies in the same industry

20202024

Asset turnover

3.27×

Strong

Among the 30% highest rated companies in the industry

20202024

Debt / equity

2.11×

Weak

Among the 40% lowest rated companies in the industry

20202024

Sector performance

28 of 28 ratios graded

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

Profitability

Gross marginWeak

Among the 30% lowest rated companies in the 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 marginAverage

Around the average of companies in the same 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 marginAverage

Around the average of companies in the same 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 40% 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)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)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)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 ratioAverage

Around the average of companies in the same 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 ratioAverage

Around the average of companies in the same 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 ratioAverage

Around the average of companies in the same industry

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

Current assets to equityWeak

Among the 30% lowest rated companies in the 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 ratioStrong

Among the 30% highest rated companies in the industry

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

Debt & solvency

Solidity ratioAverage

Around the average of companies in the same industry

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

Debt ratioAverage

Around the average of companies in the same industry

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

Debt to equityWeak

Among the 40% lowest rated companies in the industry

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

Liabilities to equityWeak

Among the 40% lowest 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 40% highest rated companies in the industry

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

EBITDA to debtStrong

Among the 40% highest rated companies in the industry

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

Interest coverageStrong

Among the 30% highest rated companies in the industry

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

Interest rate on debtAverage

Around the average of companies in the same 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 turnoverStrong

Among the 30% highest rated companies in the industry

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

Inventory turnoverStrong

Among the 40% highest 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 40% 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 30% lowest rated companies in the industry

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

Annual reports & filings

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
Annual report 2020
Filed via Brønnøysundsregistrene · Period 2020-01-01 – 2020-12-31
View PDF

People & ownership

Management

Actively employed in the business

No data on file.

Board of directors

Non-executive oversight

No data on file.

Shareholders

Active legal owners

No shareholder data available.

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Related companies

Company hierarchy

No registered parent or subsidiaries

Frequently asked questions

What is the Org number of Forus Rør AS?

Forus Rør AS is registered with Brønnøysundsregistrene under Org 937435355.

What is the revenue of Forus Rør AS?

Forus Rør AS reported revenue of NOK 53.6m in 2024.

How many employees does Forus Rør AS have?

Forus Rør AS employs 28 people as of the latest annual report.

Where is Forus Rør AS headquartered?

Forus Rør AS's registered address is Luramyrveien 75.