Effee Foundry AS
Score · fiscal year 2024
Not enough data: Not enough data (below minimum revenue)
Based on the annual accounts for 2024
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 0 MNOK | 4 MNOK |
| Operating margin | −2,051.1% | 3.0% |
| Profit margin | −2,207.5% | 2.5% |
| Return on assets | −40.7% | 6.2% |
| Equity ratio | 18.1% | 36.6% |
| Debt-to-equity | 4.53 | 1.23 |
| Current ratio | 3.24 | 1.55 |
| Revenue growth | – | 5.8% |
The median and “ahead of” refer to companies in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
Score over time
Score over time needs at least two fiscal years with a score. It will appear when next year's figures are fetched or history is imported.
What the numbers say
Effee Foundry AS had an equity ratio of 18.1% in 2024. The company is not ranked: not enough data (below minimum revenue).
From 2023 to 2024: the equity ratio fell from 32.2% to 18.1%.
This text is generated automatically from the 2024 accounts.
Three simple methods
One method gives a figure: 4 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 22.2 | not meaningful |
| EV/EBIT | 18.6 | not meaningful |
| P/B | 3.0 | 4 MNOK |
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
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −2,207.5% (median 2.5%).
- watch
The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors?
Based on: Operating margin −2,051.1% (median 3.0%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 4.2% of the debt in 2024. The policy rate averaged 4.50 % 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
- watch Extreme margin: check the figures
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 0.2%. Based on the 10 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
Questions and answers
How profitable is Effee Foundry AS?
The operating margin was −2,051.1% in 2024, against a median of 3.0% among companies in the same sector. Return on assets was −40.7%. The company made a loss before tax.
How solid is Effee Foundry AS?
The equity ratio was 18.1% in 2024 (median 36.6%). Debt-to-equity was 4.53 (median 1.23).
What is the liquidity of Effee Foundry AS like?
The current ratio was 3.24 in 2024 (median 1.55).
Group structure · 2025
6 companies in the group according to the shareholder register for 2025. A company counts as a subsidiary when a Norwegian company owns more than half of its shares.
No owner holds more than half of the shares in Effee Group AS.
Effee Group AS has not filed group accounts in open data, so the group has no index of its own. Each company has its own accounts.
The group in figures
- Sectors
- Industri (3 companies) 3 of 6 companies in the tree have accounts with us. Sectors are sorted by the companies' own revenue, which includes sales between the group's companies.
- Employees in Norway
- 73 in all. Ålesund 73 Registered employees in the Central Coordinating Register, by the municipality of the business address. Employees may work elsewhere.
- Negative equity
- 1 company: Effee Australia AS
- Loss
- 3 companies: Effee AS, Effee Foundry AS, Effee Australia AS
- Changed 2024–2025
- 5 companies joined the group: Effee Foundry AS, Effee Australia AS, Corron AS, Corron Production AS, Effee AS.
A subsidiary with negative equity or a loss may be backed by the group, for example with group contributions or guarantees. It is an indication of what is worth asking about, not an assessment.
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Effee Group AS
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Effee AS
- Effee Foundry AS you are here
- Effee Australia AS
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Read the figures with care: a company in a group can look strong because of group contributions, or weak because dividends go up to the parent. The figures are indications, not the full picture.
Source: the Norwegian Tax Administration's shareholder register 2025 (majority owner with more than 50 % of the shares). Voting agreements and ownership through other countries are not included.
From the Central Coordinating Register
- Org. no.
- 818770472
- Legal form
- AS
- Sector
- Industri (28.910)
- Morning company class
- Micro
- Employees
- 0–4 (not registered)
- Founded
- 28 February 2017 9 years in operation
- Share capital
- 0.45 MNOK
- Business address
- Borgundvegen 340, 6009 ÅLESUND
- Municipality
- Ålesund rank 2–6 of 10 in KOSTRA group 11
- 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
- 1 (one owner)
- Largest owner
- 100.0%
- Split
- companies 100% · private persons 0% · foreign 0%
- Owned from the same municipality
- 100%
- Group chain
-
Owned by: Effee AS (100%)
Ultimate owner: Effee Group AS
The owner: the majority owner Effee AS (holds 100%) made a loss in 2025. A weak parent can affect the subsidiary through group contributions, loans and guarantees. It is an indication to watch, not an assessment of the company.
- Effee AS · 100.0%
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.
Is this your company? Suggest changes or add information
Figures last fetched 30 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | – | – | 37 | |
| Rank | – | – | 3,354 | |
| Operating margin | – | −2,051.1% | −443.1% | |
| Return on assets | −32.6% | −40.7% | −25.6% | |
| Equity ratio | 32.2% | 18.1% | 12.9% | |
| Current ratio | 0.50 | 3.24 | 7.23 | |
| Revenue growth | – | – | 321.2% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | – | 0.3 MNOK | 1.2 MNOK |
| Operating profit | −2.4 MNOK | −5.7 MNOK | −5.2 MNOK |
| Profit before tax | −2.5 MNOK | −6.1 MNOK | −6.4 MNOK |
| Tax expense | −0.5 MNOK | −1.3 MNOK | −1.4 MNOK |
| Net profit | −1.9 MNOK | −4.8 MNOK | −5.0 MNOK |
| Financial expenses | 0.1 MNOK | 0.5 MNOK | 1.5 MNOK |
| Total assets | 7.2 MNOK | 13.9 MNOK | 19.4 MNOK |
| Current assets | 0.8 MNOK | 7.9 MNOK | 11.0 MNOK |
| Equity | 2.3 MNOK | 2.5 MNOK | 2.5 MNOK |
| Retained earnings | 0.5 MNOK | −4.3 MNOK | −9.3 MNOK |
| Total liabilities | 4.9 MNOK | 11.4 MNOK | 16.9 MNOK |
| Current liabilities | 1.7 MNOK | 2.4 MNOK | 1.5 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 30 October 2026, accounts id 5863519.