Hemaca AS
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 | – | 41.5% |
| Profit margin | – | 19.4% |
| Return on assets | 12.9% | 7.9% |
| Equity ratio | 89.2% | 27.2% |
| Debt-to-equity | 0.12 | 2.24 |
| Current ratio | 8.37 | 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 Hemaca 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
Hemaca AS had an equity ratio of 89.2% in 2025. The company is not ranked: revenue not reported.
From 2024 to 2025: the equity ratio rose from 82.9% to 89.2%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 11 MNOK and 17 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.6 | 11 MNOK |
| EV/EBIT | 22.6 | not meaningful |
| P/B | 0.9 | 17 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 30.8% 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 22.6%. 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 Hemaca AS?
The operating margin was – in 2025, against a median of 41.5% among companies in the same sector. Return on assets was 12.9%.
How solid is Hemaca AS?
The equity ratio was 89.2% in 2025 (median 27.2%). Debt-to-equity was 0.12 (median 2.24).
What is the liquidity of Hemaca AS like?
The current ratio was 8.37 in 2025 (median 1.35).
From the Central Coordinating Register
- Org. no.
- 879281342
- Legal form
- AS
- Sector
- Eiendom (68.200)
- Employees
- 0–4 (not registered)
- Founded
- 2 April 1997 29 years in operation
- Share capital
- 0.13 MNOK
- Business address
- Elgefaret 57, 3538 SOLLIHØGDA (HOLE)
- Municipality
- Hole rank 2 of 40 in KOSTRA group 1
- Latest accounts filed
- 2025
- LEI
- 984500D37A3J7E7FAE78 renews 10 December 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 2 November 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
- 1 (one owner)
- Largest owner
- 100.0%
- Split
- companies 0% · private persons 100% · foreign 0%
- Owned from the same municipality
- 100%
- Group chain
- Ultimate owner: private person
Change 2007–2025: no material change in the owners.
The portfolio: 8 of the companies it owns shares in have accounts with us, 0 of them as majority owner. The average index is 41. 1 have negative equity and 6 made a loss in the latest year.
Holds shares in: Seram Coatings AS (15%), Commfides Norge AS (2%), Oliasoft AS (1%), Trg Energy AS (5%), Petrica AS (4%), ENDÚR ASA (0%), Petrica Invest AS (5%), Black Sea Property AS (0%)
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 | – | – | – | |
| Rank | – | – | – | |
| Operating margin | – | – | – | |
| Return on assets | 4.3% | 35.8% | 12.9% | |
| Equity ratio | 77.1% | 82.9% | 89.2% | |
| Current ratio | 17.99 | 4.06 | 8.37 | |
| 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 | −11.7 MNOK | 14.3 MNOK | 4.1 MNOK |
| Tax expense | 0.1 MNOK | 0.0 MNOK | 0.1 MNOK |
| Net profit | −11.9 MNOK | 14.3 MNOK | 4.0 MNOK |
| Financial expenses | 12.9 MNOK | 0.4 MNOK | 1.4 MNOK |
| Total assets | 26.3 MNOK | 41.1 MNOK | 42.8 MNOK |
| Current assets | 10.9 MNOK | 9.3 MNOK | 5.3 MNOK |
| Equity | 20.3 MNOK | 34.0 MNOK | 38.2 MNOK |
| Retained earnings | 19.6 MNOK | 33.3 MNOK | 37.2 MNOK |
| Total liabilities | 6.0 MNOK | 7.0 MNOK | 4.6 MNOK |
| Current liabilities | 0.6 MNOK | 2.3 MNOK | 0.6 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 30 October 2026, accounts id 7144601.