SET ELEKTRO AS
The company is in the weakest quarter of its industry
The company kept -2.0 % of every krone in 2025. The median among 183 companies in elektrisk installasjonsarbeid was 6.1 %.
Key figures 2025
- Revenue
- 262.9 m kr
- Operating profit
- -5.1 m kr
- Operating margin
- -2.0 %industry median 6.1 %
- Equity ratio
- 23.5 %industry median 24.9 %
- Revenue growth
- +10.6 %from the year before
- Equity
- 21.1 m kr
The industry
Where the company stands among 183 companies
Among 183 companies in this industry, the top third earned 11.5 % on every krone, against 1.2 % for the weakest third. The spread is 10 percentage points.
The comparison is limited to companies of roughly the same size, that is between 65.7 m kr and 1.1 bn kr in revenue. The median company in that group had revenue of 119.9 m kr.
How the company stands
Margin says how it went, the balance sheet says how the company stands
Two companies on the same margin can be in entirely different situations. These figures come from the balance sheet and say something about how well the company would take a bad quarter.
- 1.2Current ratioSound
- The company covers what falls due, but without much room. How many kroner the company holds in current assets for every krone falling due within the year. Below 1 means the bills coming due are larger than what there is to pay them with.
- 3.3Debt to equityWorth a look
- The debt is large against the equity, so little needs to go wrong before the company depends on its bank's goodwill. How many kroner of debt the company carries per krone of equity. Lower is safer.
- -7.4Interest coverWorth a look
- Interest consumes a large share of the operating result. How many times the operating result covers the interest the company pays.
- 18.1 m krRetained earningsStrong
- The company has earned back more than was put in. How much the company has earned and kept across its whole life, beyond what the owners put in.
The gap
What the distance to the best performers amounts to
That is how much larger the operating profit would have been in 2025, had the company held the same margin as the median company in the top third of its industry (11.5 %), on the revenue it actually had. It is arithmetic on a distance, not a promise of a result.
Public contracts
Public contracts the company has won
We find 16 public contracts awarded to the company between 2023 and 2026. Total stated value is 353.9 m kr.
| Year | Buyer | Value | Comes up again |
|---|---|---|---|
| 2026 | Nye Veier | 93.8 m kr | |
| 2026 | Akershus fylkeskommune | not stated | |
| 2026 | Vestfold fylkeskommune | not stated | |
| 2025 | Moss kommune · framework agreement | not stated | |
| 2025 | Asker kommune · framework agreement | not stated | |
| 2025 | Statens vegvesen | 56.1 m kr | |
| 2025 | Statens vegvesen | 194.7 m kr | |
| 2025 | Lillestrøm Kommune · framework agreement | not stated | |
| 2025 | Vestfold fylkeskommune | not stated | |
| 2025 | Rogaland fylkeskommune | not stated | |
| 2025 | Ås kommune · framework agreement | not stated | |
| 2025 | Tinn kommune · framework agreement | not stated |
and 4 more
A value is stated on 4 of 16 contracts. The total covers only those.
Contracts come from Doffin and TED. Our collection is not complete, and TED covers only contracts above the EEA threshold, so the figures are a floor and not a full count. We say what we find, not what exists.
Contract values are reported in euro and converted to kroner at the Norges Bank rate of 10.79 (2026-09-16).
History
How it has developed
| Year | Revenue | Operating profit | Margin |
|---|---|---|---|
| 2025 | 262.9 m kr | -5.1 m kr | -2.0 % |
| 2024 | 237.7 m kr | 7.6 m kr | 3.2 % |
Next step
The figures say where the company stands, not why
The accounts show the result of how the company is run, but say nothing about where in the working day the time and the money disappear. That is only found by walking through the flow itself, from the job coming in to the money being on the account.