7 STEEL NORDIC REINFORCING AS: årsregnskap 2025 vs 2024
Shrank 7% on revenue, returned to profit, cash halved-plus
approved 2026-06-10; registry 2026-07-29; journal 2026 607843
Summary
What changed
Comparing Årsregnskap 2025 with 2024 for 7 STEEL NORDIC REINFORCING AS. Revenue 467.22m NOK → 435.36m NOK (-6.8%). Net result -4.85m NOK → +5.61m NOK. Equity 644.86m NOK → 650.5k NOK.
On the constructive side: turned profitable. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer; sharp cash drawdown; cogs fell. All figures are taken from the published annual accounts for 7 STEEL NORDIC REINFORCING AS.
At a glance
Scorecard
What improved
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↑
Turned profitable
Net result flipped from a loss of 4.85m NOK to a profit of 5.61m NOK. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 467.22m NOK to 435.36m NOK (-6.8% YoY). Calculated
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↓
Operating result weakened
Operating result -1.31m NOK → -1.33m NOK (op. margin -0.3% → -0.3%). Calculated
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↓
Equity eroded
Book equity 644.86m NOK → 650.5k NOK (equity ratio 43.8% → 0.1%). Calculated
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↓
Cash fell
Bank deposits 236.16m NOK → 337.6k NOK (-99.9% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (236.16m NOK → 337.6k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
COGS fell
COGS / varekostnad 5.13m NOK → 5.12m NOK (-0.3% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 3.72bn NOK → 745.4k NOK. Reported fact