Grav Holding AS
Score · fiscal year 2025
Not enough data: Holding company (ranked in the list «Holding and investment companies»)
Based on the annual accounts for 2025
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating margin | – | 4.0% |
| Profit margin | – | 3.6% |
| Return on assets | 1.7% | 9.2% |
| Equity ratio | 49.0% | 32.8% |
| Debt-to-equity | 1.04 | 1.63 |
| Current ratio | 2.19 | 1.43 |
| Revenue growth | – | 6.1% |
The median and “ahead of” refer to companies in the same sector in 2025. 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.
The industry or the company: what drove the result?
The company and its sector's drivers
Prices, rate and currency that shape the sector's year, year by year beside the operating margin of Grav Holding AS. The figures stand side by side; we claim no cause.
Construction cost index for dwellings (indeks (2015 = 100))
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Construction cost index for dwellings, annual average | 124.2 | 135.1 | 141.1 | 146.4 | 152.7 | 158.4 (so far) |
| Change from the year before | +8.7% | +8.8% | +4.4% | +3.7% | +4.3% | +3.7% |
| The company's operating margin | – | – | – | – | – | – |
Source: SSB (08651, CC BY 4.0). Source
Policy rate (prosent)
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Policy rate, annual average | 0.08 | 1.32 | 3.54 | 4.50 | 4.30 | 4.17 (so far) |
| Change from the year before | −0.28 percentage points | +1.24 percentage points | +2.22 percentage points | +0.96 percentage points | −0.20 percentage points | −0.12 percentage points |
| The company's operating margin | – | – | – | – | – | – |
Source: Norges Bank (IR, NLOD 2.0). Source
We show the drivers and the margin side by side and claim no cause. Sensitivity per company is not computed until we have at least 10 years of accounts per company: with three years such figures are false precision.
What the numbers say
Grav Holding AS had an equity ratio of 49.0% in 2025. The company is not ranked: holding company (ranked in the list «holding and investment companies»).
From 2024 to 2025: went from a loss to a profit before tax.
This text is generated automatically from the 2025 accounts.
Three simple methods
One method gives a figure: 19 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 16.9 | not meaningful |
| EV/EBIT | 12.7 | not meaningful |
| P/B | 1.6 | 19 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
No rules were triggered for this year.
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 3.3% 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
- watch Revenue not reported
- watch No revenue but large assets
Scenario analysis: the sector's weakest year
We have no accounts for 2021, the sector's weakest year, for this company.
The sector's weakest year was 2021, with a median operating margin of 1.8%. 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 Grav Holding AS?
The operating margin was – in 2025, against a median of 4.0% among companies in the same sector. Return on assets was 1.7%.
How solid is Grav Holding AS?
The equity ratio was 49.0% in 2025 (median 32.8%). Debt-to-equity was 1.04 (median 1.63).
What is the liquidity of Grav Holding AS like?
The current ratio was 2.19 in 2025 (median 1.43).
From the Central Coordinating Register
- Org. no.
- 826642742
- Legal form
- AS
- Sector
- Bygg og anlegg (43.120)
- Employees
- 0–4 (not registered)
- Founded
- 1 January 2021 5 years in operation
- Share capital
- 0.20 MNOK
- Business address
- Heliveien 387, 1821 SPYDEBERG (INDRE ØSTFOLD)
- Municipality
- Indre Østfold rank 8 of 13 in KOSTRA group 10
- Latest accounts filed
- 2025
- LEI
- 636700I8HA6Y9GZG0K06 renews 12 August 2027
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 29 October 2026. Only names are shown.
- Parent company
- No parent company: owned by persons
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 31 October 2026. The parent is the one the company itself reported to GLEIF.
Shareholders (2025)
- Number of shareholders
- 2 (one owner holds more than half)
- Largest owner
- 95.0%
- Split
- companies 0% · private persons 100% · foreign 0%
- Owned from the same municipality
- 95%
- Group chain
- Ultimate owner: private person
The company is new in the shareholder register in 2025.
Majority owner of: Gravs Graveservice AS (100%), Gamle Veistasjonen Eiendom AS (100%), Spydeberg Lager AS (75%)
The portfolio: 3 of the companies it owns shares in have accounts with us, 2 of them as majority owner. The average index is 49. 0 have negative equity and 1 made a loss in the latest year.
Holds shares in: Spydeberg Lager AS (75%), Norbit ASA (0%), Gamle Veistasjonen Eiendom AS (100%), Gravs Graveservice AS (100%)
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 26 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | – | – | – | |
| Rank | – | – | – | |
| Operating margin | – | – | – | |
| Return on assets | 1.3% | 2.0% | 1.7% | |
| Equity ratio | 54.4% | 53.7% | 49.0% | |
| Current ratio | 3.75 | 3.34 | 2.19 | |
| Revenue growth | – | – | – |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | – | – | – |
| Operating profit | −0.1 MNOK | −0.1 MNOK | −0.1 MNOK |
| Profit before tax | −0.1 MNOK | 0.0 MNOK | 0.0 MNOK |
| Tax expense | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Net profit | −0.1 MNOK | 0.0 MNOK | 0.0 MNOK |
| Financial expenses | 0.7 MNOK | 0.9 MNOK | 0.8 MNOK |
| Total assets | 46.8 MNOK | 45.6 MNOK | 50.0 MNOK |
| Current assets | 26.6 MNOK | 25.5 MNOK | 27.8 MNOK |
| Equity | 25.5 MNOK | 24.5 MNOK | 24.5 MNOK |
| Retained earnings | 25.3 MNOK | 24.3 MNOK | 24.3 MNOK |
| Total liabilities | 21.4 MNOK | 21.1 MNOK | 25.5 MNOK |
| Current liabilities | 7.1 MNOK | 7.6 MNOK | 12.7 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 6924356.