Vandre AS
Score · fiscal year 2023
Not enough data: Not enough data (below minimum revenue)
Based on the annual accounts for 2023
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 0 MNOK | 3 MNOK |
| Operating margin | −1,181.5% | 3.5% |
| Profit margin | −1,184.1% | 3.0% |
| Return on assets | −99.0% | 8.1% |
| Equity ratio | 31.3% | 27.5% |
| Debt-to-equity | 2.19 | 1.65 |
| Current ratio | 4.01 | 1.26 |
| Revenue growth | – | 14.0% |
The median and “ahead of” refer to companies in the same sector in 2023. 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
Vandre AS had an equity ratio of 31.3% in 2023. The company is not ranked: not enough data (below minimum revenue).
This text is generated automatically from the 2023 accounts.
Three simple methods
One method gives a figure: 2 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 17.3 | not meaningful |
| EV/EBIT | 14.1 | not meaningful |
| P/B | 2.7 | 2 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 −1,184.1% (median 3.0%).
- 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 −1,181.5% (median 3.5%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 0.6% of the debt in 2023. The policy rate averaged 3.54 % 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 2026, the sector's weakest year, for this company.
The sector's weakest year was 2026, with a median operating margin of 0.3%. Based on the 9 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
Questions and answers
How profitable is Vandre AS?
The operating margin was −1,181.5% in 2023, against a median of 3.5% among companies in the same sector. Return on assets was −99.0%. The company made a loss before tax.
How solid is Vandre AS?
The equity ratio was 31.3% in 2023 (median 27.5%). Debt-to-equity was 2.19 (median 1.65).
What is the liquidity of Vandre AS like?
The current ratio was 4.01 in 2023 (median 1.26).
From the Central Coordinating Register
- Org. no.
- 824735972
- Legal form
- AS
- Sector
- Forretningsmessig tjenesteyting (77.210)
- Morning company class
- Micro
- Employees
- 0–4 (not registered)
- Founded
- 17 February 2020 6 years in operation
- Share capital
- 0.12 MNOK
- Business address
- Sundvollhovet 60, 3535 KRØDEREN (KRØDSHERAD)
- Municipality
- Krødsherad rank 3–17 of 39 in KOSTRA group 4
- 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
- 45
- Largest owner
- 13.6% · top three 34.7%
- Split
- companies 94% · private persons 6% · foreign 0%
- Owners over 60
- 0% of the shares held by persons (median age 34)
- Våren AS · 13.6%
- Kjernaas Invest AS · 11.1%
- Vandre Aksjonærselskap AS · 10.0%
- Henri Holding AS · 9.0%
- Tenvik Kapital AS · 6.2%
- Guajiro Holding AS · 5.2%
- Langlo Holding AS · 4.9%
- Knut Green Holding AS · 4.8%
- Akk Investment AS · 4.4%
- Thefactory Norway Fund i AS · 4.2%
- 20 private persons · 6.0%
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 | – | – | 38 | |
| Rank | – | – | 2,284 | |
| Operating margin | −1,181.5% | −217.4% | −67.6% | |
| Return on assets | −99.0% | −91.6% | −22.4% | |
| Equity ratio | 31.3% | −12.0% | 25.5% | |
| Current ratio | 4.01 | 3.66 | 4.15 | |
| Revenue growth | – | 147.9% | 25.6% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 0.3 MNOK | 0.9 MNOK | 1.1 MNOK |
| Operating profit | −4.1 MNOK | −1.9 MNOK | −0.7 MNOK |
| Profit before tax | −4.1 MNOK | −1.9 MNOK | −0.8 MNOK |
| Tax expense | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Net profit | −4.1 MNOK | −1.9 MNOK | −0.8 MNOK |
| Financial expenses | 0.0 MNOK | – | 0.0 MNOK |
| Total assets | 4.2 MNOK | 2.0 MNOK | 3.3 MNOK |
| Current assets | 3.4 MNOK | 1.0 MNOK | 1.8 MNOK |
| Equity | 1.3 MNOK | −0.2 MNOK | 0.8 MNOK |
| Retained earnings | −9.4 MNOK | −11.2 MNOK | −12.0 MNOK |
| Total liabilities | 2.9 MNOK | 2.3 MNOK | 2.4 MNOK |
| Current liabilities | 0.9 MNOK | 0.3 MNOK | 0.4 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 30 October 2026, accounts id 5244201.