Malling Core Plus i 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 2025
Not enough data: Revenue not reported
Based on the annual accounts for 2025
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating margin | – | 41.4% |
| Profit margin | – | 18.3% |
| Return on assets | 6.9% | 7.6% |
| Equity ratio | 99.9% | 25.9% |
| Debt-to-equity | 0.00 | 2.36 |
| Current ratio | 0.13 | 1.35 |
| Revenue growth | – | 3.5% |
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 Malling Core Plus i AS. The figures stand side by side; we claim no cause.
House prices (existing homes) (indeks (2015 = 100))
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| House prices (existing homes), annual average | 134.5 | 141.6 | 140.8 | 144.6 | 152.5 | 158.7 (so far) |
| Change from the year before | +10.5% | +5.2% | −0.5% | +2.7% | +5.5% | +4.1% |
| The company's operating margin | – | – | – | – | – | – |
Source: SSB (07221, 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
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
Consumer price index (indeks (2025 = 100))
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Consumer price index, annual average | 84.3 | 89.2 | 94.1 | 97.0 | 100.0 | 102.9 (so far) |
| Change from the year before | +3.5% | +5.8% | +5.5% | +3.2% | +3.0% | +2.9% |
| The company's operating margin | – | – | – | – | – | – |
Source: SSB (14710, CC BY 4.0). Source
Wage index: real estate (indeks)
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Wage index: real estate, annual average | 91.7 | 94.3 | 96.8 | 103.2 | 108.5 | 111.3 (so far) |
| Change from the year before | +5.2% | +2.9% | +2.6% | +6.5% | +5.2% | +2.6% |
| The company's operating margin | – | – | – | – | – | – |
Source: SSB (12314, CC BY 4.0). 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
Malling Core Plus i AS had an equity ratio of 99.9% in 2025. The company is not ranked: revenue not reported.
No large changes in the key figures from 2024 to 2025.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 463 MNOK and 1,027 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 11.3 | 463 MNOK |
| EV/EBIT | 16.6 | not meaningful |
| P/B | 0.9 | 1,027 MNOK |
The listed basis is the value at listed multiples. The estimate is lowered for size: a small-company premium of 2% on the cost of equity gives a value 24% lower. No separate marketability discount is applied, because the premium already allows for the company being small and unlisted.
The multiples are from the listed industry that matches the NACE code (68.1): Real Estate (Development).
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
Consider strengthening liquidity: current liabilities are 7.8 times current assets.
Based on: Current ratio 0.13 (median 1.35).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 0.0% 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 2022, the sector's weakest year, for this company.
The sector's weakest year was 2022, with a median operating margin of 12.0%. 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 Malling Core Plus i AS?
The operating margin was – in 2025, against a median of 41.4% among companies in the same sector. Return on assets was 6.9%.
How solid is Malling Core Plus i AS?
The equity ratio was 99.9% in 2025 (median 25.9%). Debt-to-equity was 0.00 (median 2.36).
What is the liquidity of Malling Core Plus i AS like?
The current ratio was 0.13 in 2025 (median 1.35). Current assets did not cover current liabilities.
Group accounts · 2025
45 of 100
Rank 13 of 21 groups in the Morning class Small in Eiendom. Groups are ranked only against other groups in the same sector and class, never against single companies.
- Operating revenue, group
- 47 MNOK
- Operating profit, group
- −10 MNOK
- Profit before tax, group
- 4 MNOK
- Total assets, group
- 1,471 MNOK
- Equity, group
- 1,387 MNOK
| Key figure | The group | The company alone (2025) |
|---|---|---|
| Operating margin | −21.0% | – |
| Return on assets | 0.3% | 6.9% |
| Equity ratio | 94.3% | 99.9% |
| Current ratio | 4.52 | 0.13 |
| Revenue growth | – | – |
Same formulas and weights as the company index. Group and company are never added together, and the group accounts are not part of sector averages or company rankings.
Source: Brønnøysund Register Centre, group accounts 2025 (open data, NLOD 2.0).
Group structure · 2025
52 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 Eiendomshuset Malling & CO AS.
Group accounts. Eiendomshuset Malling & CO AS for 2025: index 66 of 100, number 12 of 75 groups. See the group accounts
The group in figures
- Sectors
- Eiendom (19 companies), Forretningsmessig tjenesteyting (1 company), Finans og forsikring (2 companies), Teknisk tjenesteyting og forskning (1 company), Revisjon, regnskap og rådgivning (2 companies), Informasjon og kommunikasjon (2 companies) 27 of 52 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
- 400 in all. Oslo 385, Stavanger 9, Trondheim 6 Registered employees in the Central Coordinating Register, by the municipality of the business address. Employees may work elsewhere.
- Negative equity
- 1 company: Lørenveien Næring AS
- Loss
- 5 companies: Grenseveien 82 AS, Lørenveien Næring AS, Grenseveien 78B AS, Malling & CO Trondheim AS, Malling Let.No AS
- Changed 2024–2025
- 12 companies joined the group, among them: Akersgata 51 AS, Parkveien 61 Deltager AS, Mcpp Project 88 AS, Handelseiendom Holding II AS, Malling & CO Trondheim AS, Mcpp Project 97 AS. 9 companies left, among them: Theresesgate 32/34 B Andeler AS, Malling Core Plus II Feeder AS, Sofies Plass 3 Holding AS, Seilduksgata 23 Oslo AS, Strandgata 53-57 Hareid AS, Fossveien 9 Oslo 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.
-
Eiendomshuset Malling & CO AS
-
Malling & CO Property Partners AS
-
Malling Core Plus i AS you are here
- Hurdalssjøen Holding AS
- Korsgata 25 Næring AS
-
Malling Handelseiendom AS
-
Malling Handelseiendom Holding AS
- Org. no. 834071932
- Org. no. 934072006
- Handelseiendom Holding AS
- Handelseiendom Holding II AS
- Handelseiendom Holding i AS
-
- Mcpp Project 100 AS
- Mcpp Project 102 AS
- Mcpp Project 88 AS
- Mcpp Project 97 AS
- Mcpp Project 98 AS
- Tollbugata 25 Utvikling AS
-
- Malling & CO Research and Valuation AS
- Malling & CO Energi og Miljø AS
- Malling Let.No AS
- Malling & CO Venture AS
-
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.
- 830951032
- Legal form
- AS
- Sector
- Eiendom (68.110)
- Employees
- 0–4 (not registered)
- Founded
- 8 February 2023 3 years in operation
- Share capital
- 0.04 MNOK
- Business address
- c/o Malling & Co Forvaltning AS, Dronning Mauds gate 15, 0250 OSLO
- Municipality
- Oslo rank 63–220 of 357 in Norway
- 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: MALLING & CO Property Partners AS (100%)
Ultimate owner: EIENDOMSHUSET MALLING & CO AS
- MALLING & CO Property Partners AS · 100.0%
The company is new in the shareholder register in 2025.
Majority owner of: Malling Core Plus i Holding AS (100%)
Holds shares in: Malling Core Plus i Holding 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.
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 | – | – | – | |
| Rank | – | – | – | |
| Operating margin | – | – | – | |
| Return on assets | 1.3% | 3.8% | 6.9% | |
| Equity ratio | 99.9% | 100.0% | 99.9% | |
| Current ratio | 3.27 | 1.53 | 0.13 | |
| 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 | −1.3 MNOK | −3.9 MNOK |
| Profit before tax | 4.3 MNOK | 53.5 MNOK | 103.6 MNOK |
| Tax expense | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Net profit | 4.3 MNOK | 53.4 MNOK | 103.6 MNOK |
| Financial expenses | – | – | 0.0 MNOK |
| Total assets | 331.5 MNOK | 1,395.1 MNOK | 1,499.6 MNOK |
| Current assets | 0.7 MNOK | 0.6 MNOK | 0.2 MNOK |
| Equity | 331.3 MNOK | 1,394.7 MNOK | 1,498.3 MNOK |
| Retained earnings | 4.3 MNOK | 57.7 MNOK | 161.3 MNOK |
| Total liabilities | 0.2 MNOK | 0.4 MNOK | 1.3 MNOK |
| Current liabilities | 0.2 MNOK | 0.4 MNOK | 1.3 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 30 October 2026, accounts id 7103731.