Solid Eiendom AS
Score · fiscal year 2024
44of 100
How to read this: the company is ahead of 37 % of companies in the Morning class Micro in the same sector in 2024. What does this mean?
Rank in the Morning class Micro: 3,557 of 5,635 · What are Morning company classes?
Place in the whole sector: 4,750 of 7,453 · Eiendom
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 31 and solidity 72 out of 100 among companies in the Morning class Micro in the same sector in 2024. Methodology
Against the sector
Solid Eiendom AS is 6 points below the median for companies in the Morning class Micro in the same sector in 2024.
Median score 50 among 5,635 companies.
Against companies in the Morning class Micro in the same sector in 2024: operating margin −238.1% (median 46.3%) and equity ratio 55.3% (median 26.0%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 5 MNOK | 2 MNOK |
| Operating margin | −238.1% | 46.3% |
| Profit margin | 321.0% | 19.3% |
| Return on assets | 9.3% | 7.5% |
| Equity ratio | 55.3% | 26.0% |
| Debt-to-equity | 0.81 | 2.29 |
| Current ratio | 0.43 | 1.37 |
| Revenue growth | −16.8% | 4.8% |
The median and “ahead of” refer to companies in the Morning class Micro in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
With an index of 44, Solid Eiendom AS does better than 37% of companies in the Morning class Micro in the same sector (5,635 companies) in 2024.
Score 2023–2025
- Solid Eiendom AS
- Median: companies in the Morning class Micro in the same sector
What the numbers say
Solid Eiendom AS had an operating margin of −238.1% and an equity ratio of 55.3% in 2024, and ranks 4,750 of 7,453 in Eiendom.
From 2023 to 2024: the operating margin rose from −258.4% to −238.1% and the equity ratio rose from 46.4% to 55.3%.
This text is generated automatically from the 2024 accounts.
Three simple methods
The methods give between 131 MNOK and 140 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 140 MNOK |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 131 MNOK |
A mechanical estimate from public accounts, not advice. Mechanical estimate from public accounts with fixed multiples. Not a valuation and not advice to buy or sell. The multiples are provisional default values and must be adjusted per sector before the figures are used for anything. See the calculation
Worth a closer look
- critical
Consider strengthening liquidity: current liabilities are 2.3 times current assets.
Based on: Current ratio 0.43 (median 1.37).
- 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 −238.1% (median 46.3%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 6.2% of the debt in 2024. The policy rate averaged 4.50 % 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 2022, the sector's weakest year, for this company.
The sector's weakest year was 2022, with a median operating margin of 25.5%. Based on the 9 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 31 | weight 30% |
|---|---|---|
| Solidity | 72 | weight 25% |
| Liquidity | 23 | weight 15% |
| Growth | 11 | weight 15% |
| Consistency | 79 | weight 15% |
Durability: 45 (average over 2 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Solid Eiendom AS?
The operating margin was −238.1% in 2024, against a median of 46.3% among companies in the Morning class Micro in the same sector. Return on assets was 9.3%.
How solid is Solid Eiendom AS?
The equity ratio was 55.3% in 2024 (median 26.0%). Debt-to-equity was 0.81 (median 2.29).
What is the liquidity of Solid Eiendom AS like?
The current ratio was 0.43 in 2024 (median 1.37). Current assets did not cover current liabilities.
How does Solid Eiendom AS compare in Eiendom?
Solid Eiendom AS ranks 4,750 of 7,453 in Eiendom for 2024. Among companies in the Morning class Micro it is number 3,557 of 5,635. Revenue changed by −16.8% from the year before.
Group accounts
The company is registered as part of a group, but we have no group accounts for it. Group accounts are filed by the parent company, and open data does not say which company that is.
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.
We do not show the group structure, because open data does not say who owns whom.
From the Central Coordinating Register
- Org. no.
- 886700962
- Legal form
- AS · part of a group
- Sector
- Eiendom (68.120)
- Morning company class
- Micro
- Employees
- 0–4 (not registered)
- Founded
- 20 February 2004 22 years in operation
- Share capital
- 0.45 MNOK
- Business address
- Bjørnengveien 11, 1664 ROLVSØY (FREDRIKSTAD)
- Municipality
- Fredrikstad rank 11 of 11 in KOSTRA group 12
- Latest accounts filed
- 2025
- Website
- www.solid.no
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.
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: Solid Gruppen AS (100%)
Ultimate owner: Solid Gruppen AS
The owner: the majority owner Solid Gruppen AS (holds 100%) made a loss in 2025. A weak parent can affect the subsidiary through group contributions, loans and guarantees. It is an indication to watch, not an assessment of the company.
- Solid Gruppen AS · 100.0%
Change 2007–2025: 5% of the shares changed owner (0 new and 1 departed owners).
Majority owner of: Verkstoppen Boligutvikling AS (100%), Spinn AS (100%), Prestelandet Boligutvikling AS (100%), Oredalshagen AS (100%), Strømnesåsen Eiendom AS (100%), Rådalen Eiendomsutvikling AS (100%), Yvenåsen Boligutvikling AS (100%), Dammensvika Prosjekt AS (100%)
The portfolio: 4 of the companies it owns shares in have accounts with us, 4 of them as majority owner. The average index is 45. 0 have negative equity and 2 made a loss in the latest year.
Holds shares in: Oredalshagen AS (100%), Verkstoppen Boligutvikling AS (100%), Prestelandet Boligutvikling AS (100%), Strømnesåsen Eiendom AS (100%), Rådalen Eiendomsutvikling AS (100%), Yvenåsen Boligutvikling AS (100%), Spinn AS (100%), Kulås Park Utvikling 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 30 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 46 | 44 | 41 | |
| Rank | 4,056 | 4,750 | 5,411 | |
| Operating margin | −258.4% | −238.1% | −254.6% | |
| Return on assets | 5.3% | 9.3% | 2.9% | |
| Equity ratio | 46.4% | 55.3% | 59.6% | |
| Current ratio | 0.76 | 0.43 | 1.35 | |
| Revenue growth | – | −16.8% | −4.9% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 5.8 MNOK | 4.8 MNOK | 4.6 MNOK |
| Operating profit | −15.0 MNOK | −11.5 MNOK | −11.7 MNOK |
| Profit before tax | 9.7 MNOK | 15.5 MNOK | −2.7 MNOK |
| Tax expense | – | – | – |
| Net profit | 7.5 MNOK | 14.0 MNOK | −2.8 MNOK |
| Financial expenses | 4.1 MNOK | 6.6 MNOK | 9.0 MNOK |
| Total assets | 261.3 MNOK | 236.6 MNOK | 214.8 MNOK |
| Current assets | 56.7 MNOK | 23.9 MNOK | 48.6 MNOK |
| Equity | 121.2 MNOK | 130.7 MNOK | 128.0 MNOK |
| Retained earnings | 95.8 MNOK | 105.3 MNOK | 102.6 MNOK |
| Total liabilities | 140.1 MNOK | 105.9 MNOK | 86.8 MNOK |
| Current liabilities | 74.5 MNOK | 55.0 MNOK | 35.9 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 30 October 2026, accounts id 6015129.
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