Elvegaarden AS
Score · fiscal year 2025
48of 100
How to read this: the company is ahead of 46 % of companies in the Morning class Micro in the same sector in 2025. What does this mean?
Rank in the Morning class Micro: 506 of 938 · What are Morning company classes?
Place in the whole sector: 2,151 of 3,929 · Industri
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 81 and solidity 32 out of 100 among companies in the Morning class Micro in the same sector in 2025. Methodology
Against the sector
Elvegaarden AS is 2 points below the median for companies in the Morning class Micro in the same sector in 2025.
Median score 50 among 938 companies.
Against companies in the Morning class Micro in the same sector in 2025: operating margin 58.5% (median 3.3%) and equity ratio 25.7% (median 37.8%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 3 MNOK | 4 MNOK |
| Operating margin | 58.5% | 3.3% |
| Profit margin | 41.8% | 2.5% |
| Return on assets | 12.7% | 6.5% |
| Equity ratio | 25.7% | 37.8% |
| Debt-to-equity | 2.90 | 1.22 |
| Current ratio | 0.23 | 1.54 |
| Revenue growth | 3.0% | 3.9% |
The median and “ahead of” refer to companies in the Morning class Micro in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 48, Elvegaarden AS does better than 46% of companies in the Morning class Micro in the same sector (938 companies) in 2025.
Score 2023–2025
- Elvegaarden AS
- Median: companies in the Morning class Micro in the same sector
Elvegaarden AS has a score of 48 for 2025, rank 2,151 of 3,929 in the sector.
Strongest: Profitability: percentile 81 against peers, operating margin 58.5% against a median of 3.3%.
Weakest: Liquidity: percentile 4 against peers, current ratio 0.23 against a median of 1.54. Solidity: percentile 32 against peers, equity ratio 25.7% against a median of 37.8%.
Worth a closer look
- Consider strengthening liquidity: current liabilities are 4.4 times current assets. Based on: current ratio 0.23 (median 1.54).
- What lies behind weak solidity, and will it last?
Written by fixed rules from the figures. Describes the figures, does not explain causes. Not investment or financial advice. How the summary is made
What the numbers say
Elvegaarden AS had an operating margin of 58.5% and an equity ratio of 25.7% in 2025, and ranks 2,151 of 3,929 in Industri.
From 2024 to 2025: the operating margin fell from 65.6% to 58.5%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 3 MNOK and 9 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 9 MNOK |
| EV/EBIT | 8.0 | 5 MNOK |
| P/B | 1.0 | 3 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 4.4 times current assets.
Based on: Current ratio 0.23 (median 1.54).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 5.0% 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
No anomalies found in 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 0.4%. Based on the 10 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 81 | weight 30% |
|---|---|---|
| Solidity | 32 | weight 25% |
| Liquidity | 4 | weight 15% |
| Growth | 48 | weight 15% |
| Consistency | 56 | weight 15% |
Durability: 49 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Elvegaarden AS?
The operating margin was 58.5% in 2025, against a median of 3.3% among companies in the Morning class Micro in the same sector. Return on assets was 12.7%.
How solid is Elvegaarden AS?
The equity ratio was 25.7% in 2025 (median 37.8%). Debt-to-equity was 2.90 (median 1.22).
What is the liquidity of Elvegaarden AS like?
The current ratio was 0.23 in 2025 (median 1.54). Current assets did not cover current liabilities.
How does Elvegaarden AS compare in Industri?
Elvegaarden AS ranks 2,151 of 3,929 in Industri for 2025. Among companies in the Morning class Micro it is number 506 of 938. Revenue changed by 3.0% from the year before.
From the Central Coordinating Register
- Org. no.
- 887916632
- Legal form
- AS
- Sector
- Industri (18.120)
- Morning company class
- Micro
- Employees
- 0–4 (not registered)
- Founded
- 14 January 2005 21 years in operation
- Share capital
- 0.51 MNOK
- Business address
- Opstadveien 7, 4331 ÅLGÅRD (GJESDAL)
- Municipality
- Gjesdal rank 3–15 of 38 in KOSTRA group 7
- 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 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: Ålgård Offset Finans AS (100%)
Ultimate owner: Ålgård Offset Finans AS
- Ålgård Offset Finans AS · 100.0%
Change 2007–2025: no material change in the owners.
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 | 53 | 48 | |
| Rank | 2,160 | 1,754 | 2,151 | |
| Operating margin | 49.5% | 65.6% | 58.5% | |
| Return on assets | 7.4% | 13.5% | 12.7% | |
| Equity ratio | 25.5% | 25.8% | 25.7% | |
| Current ratio | 0.30 | 0.08 | 0.23 | |
| Revenue growth | – | 28.5% | 3.0% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 2.1 MNOK | 2.6 MNOK | 2.7 MNOK |
| Operating profit | 1.0 MNOK | 1.7 MNOK | 1.6 MNOK |
| Profit before tax | 0.5 MNOK | 1.2 MNOK | 1.1 MNOK |
| Tax expense | 0.1 MNOK | 0.3 MNOK | 0.2 MNOK |
| Net profit | 0.4 MNOK | 1.0 MNOK | 0.9 MNOK |
| Financial expenses | 0.5 MNOK | 0.5 MNOK | 0.5 MNOK |
| Total assets | 13.7 MNOK | 12.9 MNOK | 12.6 MNOK |
| Current assets | 0.4 MNOK | 0.1 MNOK | 0.4 MNOK |
| Equity | 3.5 MNOK | 3.3 MNOK | 3.2 MNOK |
| Retained earnings | 3.0 MNOK | 2.8 MNOK | 2.7 MNOK |
| Total liabilities | 10.2 MNOK | 9.6 MNOK | 9.4 MNOK |
| Current liabilities | 1.4 MNOK | 1.8 MNOK | 1.6 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 30 October 2026, accounts id 6911530.
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