Vormavegen Eiendom AS
Score · fiscal year 2025
29of 100
How to read this: the company is ahead of 11 % of companies in the Morning class Micro in the same sector in 2025. What does this mean?
Rank in the Morning class Micro: 5,163 of 5,821 · What are Morning company classes?
Place in the whole sector: 7,019 of 7,839 · Eiendom
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 55 and solidity 0 out of 100 among companies in the Morning class Micro in the same sector in 2025. Methodology
Against the sector
Vormavegen Eiendom AS is 20 points below the median for companies in the Morning class Micro in the same sector in 2025.
Median score 49 among 5,820 companies.
Against companies in the Morning class Micro in the same sector in 2025: operating margin 62.0% (median 46.9%) and equity ratio −8.0% (median 26.7%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 2 MNOK | 3 MNOK |
| Operating margin | 62.0% | 46.9% |
| Profit margin | −29.1% | 22.6% |
| Return on assets | 6.5% | 7.8% |
| Equity ratio | −8.0% | 26.7% |
| Debt-to-equity | – | 2.20 |
| Current ratio | 1.14 | 1.40 |
| Revenue growth | −3.1% | 3.0% |
The median and “ahead of” refer to companies in the Morning class Micro in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 29, Vormavegen Eiendom AS does better than 11% of companies in the Morning class Micro in the same sector (5,821 companies) in 2025.
Score 2023–2025
- Vormavegen Eiendom AS
- Median: companies in the Morning class Micro in the same sector
Vormavegen Eiendom AS has a score of 29 for 2025, rank 7,019 of 7,839 in the sector.
Strongest: Profitability: percentile 55 against peers, operating margin 62.0% against a median of 46.9%.
Weakest: Solidity: percentile 0 against peers, equity ratio −8.0% against a median of 26.7%. Consistency: percentile 20 against peers.
Worth a closer look
- Equity is negative. How will it be rebuilt, and what do lenders and the auditor say about going concern? Based on: equity ratio −8.0% (median 26.7%).
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin −29.1% (median 22.6%).
- What lies behind weak solidity, and will it last?
- What lies behind weak consistency, and will it last?
Written by fixed rules from the figures. Describes the figures, does not explain causes. Not investment or financial advice. How the summary is made
What the numbers say
Vormavegen Eiendom AS had an operating margin of 62.0% and an equity ratio of −8.0% in 2025, and ranks 7,019 of 7,839 in Eiendom.
No large changes in the key figures from 2024 to 2025.
This text is generated automatically from the 2025 accounts.
Three simple methods
One method gives a figure: 1 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.6 | not meaningful |
| EV/EBIT | 22.6 | 1 MNOK |
| P/B | 0.9 | not meaningful |
The listed basis is the value at listed multiples. The estimate is lowered by 51% for an unlisted company: 20% for lack of marketability and 38% for size (a small-company premium of 4% on the cost of equity).
A mechanical estimate from public accounts, not advice. A mechanical estimate from public accounts with listed multiples and fixed adjustments. Not a valuation and not advice to buy or sell. See the calculation
Worth a closer look
- critical
Equity is negative. How will it be rebuilt, and what do lenders and the auditor say about going concern?
Based on: Equity ratio −8.0% (median 26.7%).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −29.1% (median 22.6%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 8.8% of the debt in 2025. The policy rate averaged 4.30 % the same year. This is a plain description of what the debt cost, not a model of interest sensitivity.
See interest rates, prices and exchange rates for the sector
Data quality
- critical Negative equity
Scenario analysis: the sector's weakest year
We have no accounts for 2022, the sector's weakest year, for this company.
The sector's weakest year was 2022, with a median operating margin of 23.4%. Based on the 9 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 55 | weight 30% |
|---|---|---|
| Solidity | 0 | weight 25% |
| Liquidity | 44 | weight 15% |
| Growth | 21 | weight 15% |
| Consistency | 20 | weight 15% |
Durability: 33 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Vormavegen Eiendom AS?
The operating margin was 62.0% in 2025, against a median of 46.9% among companies in the Morning class Micro in the same sector. Return on assets was 6.5%. The company made a loss before tax.
How solid is Vormavegen Eiendom AS?
The equity ratio was −8.0% in 2025 (median 26.7%). Equity is negative, so liabilities exceed assets.
What is the liquidity of Vormavegen Eiendom AS like?
The current ratio was 1.14 in 2025 (median 1.40).
How does Vormavegen Eiendom AS compare in Eiendom?
Vormavegen Eiendom AS ranks 7,019 of 7,839 in Eiendom for 2025. Among companies in the Morning class Micro it is number 5,163 of 5,821. Revenue changed by −3.1% from the year before.
From the Central Coordinating Register
- Org. no.
- 817421202
- Legal form
- AS
- Sector
- Eiendom (68.200)
- Morning company class
- Micro
- Employees
- 0–4 (not registered)
- Founded
- 24 June 2016 10 years in operation
- Share capital
- 0.03 MNOK
- Business address
- Vormavegen 2, 2080 EIDSVOLL
- Municipality
- Eidsvoll rank 12–26 of 27 in KOSTRA group 9
- Audit
- Audit opted out from 4 July 2016
- Latest accounts filed
- 2025
Source: Central Coordinating Register, Brønnøysund Register Centre. The employee count is reported by the company and may be older than the accounts. See the company at the Brønnøysund Register Centre
Ownership and roles
Loading roles …
Source: Central Coordinating Register, fetched 1 November 2026. Only names are shown.
Shareholders (2025)
- Number of shareholders
- 2
- Largest owner
- 50.0%
- Split
- companies 100% · private persons 0% · foreign 0%
- Owned from the same municipality
- 50%
- Teø Eiendom AS · 50.0%
- Martin Johnsen Holding AS · 50.0%
The company is new in the shareholder register in 2025.
Source: the Norwegian Tax Administration's shareholder register as of 2025. Figures may be older than today's ownership. Private persons are not shown by name.
Error in the data?
Do you see an error in the figures or in how the company is mapped (sector, holding, group)? Let us know. Corrections require documentation.
Figures last fetched 30 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 30 | 40 | 29 | |
| Rank | 6,210 | 5,626 | 7,019 | |
| Operating margin | 41.9% | 61.5% | 62.0% | |
| Return on assets | 3.3% | 6.4% | 6.5% | |
| Equity ratio | −1.5% | −4.8% | −8.0% | |
| Current ratio | 5.17 | 1.72 | 1.14 | |
| Revenue growth | – | 29.3% | −3.1% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 1.2 MNOK | 1.6 MNOK | 1.5 MNOK |
| Operating profit | 0.5 MNOK | 1.0 MNOK | 0.9 MNOK |
| Profit before tax | −0.8 MNOK | −0.5 MNOK | −0.4 MNOK |
| Tax expense | – | – | – |
| Net profit | −0.8 MNOK | −0.5 MNOK | −0.4 MNOK |
| Financial expenses | 1.3 MNOK | 1.5 MNOK | 1.4 MNOK |
| Total assets | 15.5 MNOK | 15.1 MNOK | 14.6 MNOK |
| Current assets | 0.7 MNOK | 0.6 MNOK | 0.3 MNOK |
| Equity | −0.2 MNOK | −0.7 MNOK | −1.2 MNOK |
| Retained earnings | −0.3 MNOK | −0.8 MNOK | −1.2 MNOK |
| Total liabilities | 15.7 MNOK | 15.8 MNOK | 15.8 MNOK |
| Current liabilities | 0.1 MNOK | 0.3 MNOK | 0.3 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 30 October 2026, accounts id 6577971.
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