Hellesund Eiendom AS
Score · fiscal year 2023
43of 100
How to read this: the company is ahead of 35 % of companies in the Morning class Medium in the same sector in 2023. What does this mean?
Rank in the Morning class Medium: 226 of 346 · What are Morning company classes?
Place in the whole sector: 4,613 of 7,381 · Eiendom
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2023, not a verdict on the company. Based on profitability 19 and solidity 31 out of 100 among companies in the Morning class Medium in the same sector in 2023. Methodology
Against the sector
Hellesund Eiendom AS is 7 points below the median for companies in the Morning class Medium in the same sector in 2023.
Median score 50 among 346 companies.
Against companies in the Morning class Medium in the same sector in 2023: operating margin 1.0% (median 12.7%) and equity ratio 14.7% (median 26.5%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 52 MNOK | 97 MNOK |
| Operating margin | 1.0% | 12.7% |
| Profit margin | 1.1% | 11.1% |
| Return on assets | 2.5% | 7.1% |
| Equity ratio | 14.7% | 26.5% |
| Debt-to-equity | 5.80 | 2.64 |
| Current ratio | 29.41 | 1.30 |
| Revenue growth | – | 0.0% |
The median and “ahead of” refer to companies in the Morning class Medium in the same sector in 2023. The bar shows the share of companies the figure is ahead of.
With an index of 43, Hellesund Eiendom AS does better than 35% of companies in the Morning class Medium in the same sector (346 companies) in 2023.
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.
What the numbers say
Hellesund Eiendom AS had an operating margin of 1.0% and an equity ratio of 14.7% in 2023, and ranks 4,613 of 7,381 in Eiendom.
This text is generated automatically from the 2023 accounts.
Three simple methods
The methods give between 1 MNOK and 2 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.6 | 2 MNOK |
| EV/EBIT | 22.6 | debt above value |
| P/B | 0.9 | 1 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
- 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 1.0% (median 12.7%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 0.0% of the debt in 2023. The policy rate averaged 3.54 % 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 21.9%. 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 | 19 | weight 30% |
|---|---|---|
| Solidity | 31 | weight 25% |
| Liquidity | 98 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 56 | weight 15% |
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is Hellesund Eiendom AS?
The operating margin was 1.0% in 2023, against a median of 12.7% among companies in the Morning class Medium in the same sector. Return on assets was 2.5%.
How solid is Hellesund Eiendom AS?
The equity ratio was 14.7% in 2023 (median 26.5%). Debt-to-equity was 5.80 (median 2.64).
What is the liquidity of Hellesund Eiendom AS like?
The current ratio was 29.41 in 2023 (median 1.30).
How does Hellesund Eiendom AS compare in Eiendom?
Hellesund Eiendom AS ranks 4,613 of 7,381 in Eiendom for 2023. Among companies in the Morning class Medium it is number 226 of 346.
Group structure · 2025
2 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 Hellesund Utvikling AS.
Hellesund Utvikling AS has not filed group accounts in open data, so the group has no index of its own. Each company has its own accounts.
-
Hellesund Utvikling AS
- Hellesund Eiendom AS you are here
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.
- 912599159
- Legal form
- AS
- Sector
- Eiendom (68.200)
- Morning company class
- Medium
- Employees
- 0–4 (not registered)
- Founded
- 1 January 1970 56 years in operation
- Share capital
- 0.30 MNOK
- Business address
- Dalaneveien 31, 3772 KRAGERØ
- Municipality
- Kragerø rank 13–38 of 38 in KOSTRA group 7
- Audit
- Audit opted out from 28 October 2026
- 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: Hellesund Utvikling AS (100%)
Ultimate owner: Hellesund Utvikling AS
- Hellesund Utvikling AS · 100.0%
Change 2007–2025:
100% of the shares changed owner (1 new and 1 departed owners). The majority owner changed.
New owners (companies): Hellesund Utvikling AS
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 | 43 | – | – | |
| Rank | 4,613 | – | – | |
| Operating margin | 1.0% | 53.3% | −43.9% | |
| Return on assets | 2.5% | 1.5% | −0.2% | |
| Equity ratio | 14.7% | 14.5% | 13.5% | |
| Current ratio | 29.41 | 39.96 | 2,030.01 | |
| Revenue growth | – | −98.7% | −80.5% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 52.3 MNOK | 0.7 MNOK | 0.1 MNOK |
| Operating profit | 0.5 MNOK | 0.4 MNOK | −0.1 MNOK |
| Profit before tax | 0.6 MNOK | 0.4 MNOK | −0.1 MNOK |
| Tax expense | 0.1 MNOK | 0.1 MNOK | 0.0 MNOK |
| Net profit | 0.4 MNOK | 0.3 MNOK | 0.0 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK | – |
| Total assets | 22.8 MNOK | 25.1 MNOK | 26.7 MNOK |
| Current assets | 13.5 MNOK | 15.7 MNOK | 17.3 MNOK |
| Equity | 3.4 MNOK | 3.6 MNOK | 3.6 MNOK |
| Retained earnings | 3.1 MNOK | 3.3 MNOK | 3.3 MNOK |
| Total liabilities | 19.5 MNOK | 21.4 MNOK | 23.1 MNOK |
| Current liabilities | 0.5 MNOK | 0.4 MNOK | 0.0 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 30 October 2026, accounts id 5419943.
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