Vandre AS
Not financial advice. The index, rank, signals and advice are rule-based indications from the latest filed annual accounts. They are not a credit rating, an assessment of management or a recommendation to buy, sell or do business with the company. Read more
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 | 1 MNOK | 3 MNOK |
| Operating margin | −217.4% | 3.8% |
| Profit margin | −215.4% | 3.1% |
| Return on assets | −91.6% | 8.4% |
| Equity ratio | −12.0% | 27.5% |
| Debt-to-equity | – | 1.68 |
| Current ratio | 3.66 | 1.27 |
| Revenue growth | 147.9% | 8.3% |
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
Vandre AS had an equity ratio of −12.0% in 2024. The company is not ranked: not enough data (below minimum revenue).
From 2023 to 2024: the operating margin rose from −1,181.5% to −217.4% and revenue grew by 148%.
This text is generated automatically from the 2024 accounts.
Three simple methods
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 17.3 | not meaningful |
| EV/EBIT | 14.1 | not meaningful |
| P/B | 2.7 | not meaningful |
The NACE code has no listed industry of its own in the table, so the multiples are the sector median: Business & Consumer Services, Office Equipment & Services.
Not financial advice. The value range is a rough model estimate from listed-company multiples, not a valuation, a price target or a price offer. The actual value may differ greatly. Read more
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 −12.0% (median 27.5%).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −215.4% (median 3.1%).
- 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 −217.4% (median 3.8%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
See interest rates, prices and exchange rates for the sector
Data quality
- watch Extreme margin: check the figures
- critical Negative equity
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 −217.4% in 2024, against a median of 3.8% among companies in the same sector. Return on assets was −91.6%. The company made a loss before tax.
How solid is Vandre AS?
The equity ratio was −12.0% in 2024 (median 27.5%). Equity is negative, so liabilities exceed assets.
What is the liquidity of Vandre AS like?
The current ratio was 3.66 in 2024 (median 1.27).
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.
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 | – | – | 38 | |
| Rank | – | – | 2,883 | |
| 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 5899847.