Kalo Eigedom AS
Score · fiscal year 2025
28of 100
How to read this: the company is ahead of 25 % of companies in the Morning class Micro in the same sector in 2025. What does this mean?
Rank in the Morning class Micro: 2,667 of 3,541 · What are Morning company classes?
Place in the whole sector: 4,727 of 5,998 · Overnatting og servering
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 19 and solidity 54 out of 100 among companies in the Morning class Micro in the same sector in 2025. Methodology
Against the sector
Kalo Eigedom AS is 21 points below the median for companies in the Morning class Micro in the same sector in 2025.
Median score 49 among 3,534 companies.
Against companies in the Morning class Micro in the same sector in 2025: operating margin −15.1% (median 1.5%) and equity ratio 28.8% (median 13.1%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 2 MNOK | 5 MNOK |
| Operating margin | −15.1% | 1.5% |
| Profit margin | −21.5% | 1.1% |
| Return on assets | −9.4% | 5.5% |
| Equity ratio | 28.8% | 13.1% |
| Debt-to-equity | 2.48 | 2.02 |
| Current ratio | 0.29 | 1.01 |
| Revenue growth | −16.5% | 5.7% |
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 28, Kalo Eigedom AS does better than 25% of companies in the Morning class Micro in the same sector (3,541 companies) in 2025.
Score 2023–2025
- Kalo Eigedom AS
- Median: companies in the Morning class Micro in the same sector
Kalo Eigedom AS has a score of 28 for 2025, rank 4,727 of 5,998 in the sector.
Strongest: Solidity: percentile 54 against peers, equity ratio 28.8% against a median of 13.1%.
Weakest: Growth: percentile 8 against peers, revenue growth −16.5% against a median of 5.7%. Liquidity: percentile 10 against peers, current ratio 0.29 against a median of 1.01.
Worth a closer look
- Consider strengthening liquidity: current liabilities are 3.4 times current assets. Based on: current ratio 0.29 (median 1.01).
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin −21.5% (median 1.1%).
- The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors? Based on: operating margin −15.1% (median 1.5%).
- What lies behind weak growth, 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
The industry or the company: what drove the result?
In 2025 the operating margin of Kalo Eigedom AS fell by 29.5 percentage points. Comparable companies fell by a median 0.8 points. So the company did 28.8 points weaker than the industry, for reasons of its own.
Over 2 year-to-year changes Kalo Eigedom AS moved the same way as comparable companies 2 times. About 4% of the changes in operating margin were common to the industry; the rest was the company's own.
| Year | The company | Comparable (median) | Change, company | Change, industry | The company's own |
|---|---|---|---|---|---|
| 2024 | 14.4% | 2.3% | +5.3 percentage points | +0.5 percentage points | +4.8 percentage points |
| 2025 | −15.1% | 1.5% | −29.5 percentage points | −0.8 percentage points | −28.8 percentage points |
Comparable companies are those in the same industry and Morning company class. Their change shows what hit the whole industry, the sector drivers below included. The rest is the company's own: contracts, costs, one-off items or operations. The share is approximate, and we claim no cause.
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 Kalo Eigedom AS. The figures stand side by side; we claim no cause.
Service prices: accommodation and food (indeks (2021 = 100))
Service prices: accommodation and food rose 3.6% in 2025; the operating margin of Kalo Eigedom AS fell 29.5 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Service prices: accommodation and food, annual average | 100.0 | 107.9 | 114.0 | 118.8 | 123.1 | 126.9 (so far) |
| Change from the year before | – | +7.9% | +5.7% | +4.1% | +3.6% | +3.1% |
| The company's operating margin | – | – | 9.1% | 14.4% | −15.1% | – |
Source: SSB (14335, CC BY 4.0). Source
Turnover index: accommodation and food service (indeks (2021 = 100))
Turnover index: accommodation and food service rose 2.3% in 2025; the operating margin of Kalo Eigedom AS fell 29.5 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Turnover index: accommodation and food service, annual average | 97.0 | 139.7 | 153.5 | 157.8 | 161.5 | 170.4 (so far) |
| Change from the year before | +23.4% | +44.1% | +9.9% | +2.8% | +2.3% | +5.5% |
| The company's operating margin | – | – | 9.1% | 14.4% | −15.1% | – |
Source: SSB (13863, CC BY 4.0). Source
Consumer price index (indeks (2025 = 100))
Consumer price index rose 3.0% in 2025; the operating margin of Kalo Eigedom AS fell 29.5 percentage points.
| 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 | – | – | 9.1% | 14.4% | −15.1% | – |
Source: SSB (14710, CC BY 4.0). Source
EUR/NOK (kr)
EUR/NOK rose 0.8% in 2025; the operating margin of Kalo Eigedom AS fell 29.5 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| EUR/NOK, annual average | 10.16 | 10.10 | 11.42 | 11.62 | 11.72 | 11.04 (so far) |
| Change from the year before | −5.2% | −0.6% | +13.1% | +1.8% | +0.8% | −5.8% |
| The company's operating margin | – | – | 9.1% | 14.4% | −15.1% | – |
Source: Norges Bank (EXR, NLOD 2.0). Source
Policy rate (prosent)
Policy rate fell 0.20 percentage points in 2025; the operating margin of Kalo Eigedom AS fell 29.5 percentage points.
| 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 | – | – | 9.1% | 14.4% | −15.1% | – |
Source: Norges Bank (IR, NLOD 2.0). Source
Wage index: food and beverage service (indeks)
Wage index: food and beverage service rose 6.5% in 2025; the operating margin of Kalo Eigedom AS fell 29.5 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Wage index: food and beverage service, annual average | 88.0 | 91.3 | 96.4 | 101.5 | 108.1 | 110.6 (so far) |
| Change from the year before | +3.5% | +3.8% | +5.6% | +5.4% | +6.5% | +2.3% |
| The company's operating margin | – | – | 9.1% | 14.4% | −15.1% | – |
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
Kalo Eigedom AS had an operating margin of −15.1% and an equity ratio of 28.8% in 2025, and ranks 4,727 of 5,998 in Overnatting og servering.
From 2024 to 2025: the operating margin fell from 14.4% to −15.1% and went from a profit to a loss before tax.
This text is generated automatically from the 2025 accounts.
Three simple methods
One method gives a figure: 1 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 17.4 | not meaningful |
| EV/EBIT | 15.5 | debt above value |
| P/B | 3.5 | 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
- critical
Consider strengthening liquidity: current liabilities are 3.4 times current assets.
Based on: Current ratio 0.29 (median 1.01).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −21.5% (median 1.1%).
- 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 −15.1% (median 1.5%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 6.1% 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 1.3%. 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 | 54 | weight 25% |
| Liquidity | 10 | weight 15% |
| Growth | 8 | weight 15% |
| Consistency | 44 | 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 Kalo Eigedom AS?
The operating margin was −15.1% in 2025, against a median of 1.5% among companies in the Morning class Micro in the same sector. Return on assets was −9.4%. The company made a loss before tax.
How solid is Kalo Eigedom AS?
The equity ratio was 28.8% in 2025 (median 13.1%). Debt-to-equity was 2.48 (median 2.02).
What is the liquidity of Kalo Eigedom AS like?
The current ratio was 0.29 in 2025 (median 1.01). Current assets did not cover current liabilities.
How does Kalo Eigedom AS compare in Overnatting og servering?
Kalo Eigedom AS ranks 4,727 of 5,998 in Overnatting og servering for 2025. Among companies in the Morning class Micro it is number 2,667 of 3,541. Revenue changed by −16.5% from the year before.
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 Kalo Eigedom AS.
Kalo Eigedom AS has not filed group accounts in open data, so the group has no index of its own. Each company has its own accounts.
The group in figures
- Sectors
- Overnatting og servering (1 company) 1 of 2 companies in the tree have accounts with us. Sectors are sorted by the companies' own revenue, which includes sales between the group's companies.
- Loss
- 1 company: Kalo Eigedom AS
- Changed 2024–2025
- 1 company joined the group: Kalo Båt og Bilferie 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.
-
Kalo Eigedom 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.
- 914633575
- Legal form
- AS
- Sector
- Overnatting og servering (55.300)
- Morning company class
- Micro
- Employees
- 0–4 (not registered)
- Founded
- 6 October 2014 12 years in operation
- Share capital
- 0.10 MNOK
- Business address
- Mjømna 257, 5978 MJØMNA (GULEN)
- Municipality
- Gulen rank 1 of 28 in KOSTRA group 6
- Audit
- Audit opted out from 18 December 2014
- 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
- 4
- Largest owner
- 25.0% · top three 75.0%
- Split
- companies 0% · private persons 100% · foreign 0%
- Owned from the same municipality
- 50%
- Owners over 60
- 100% of the shares held by persons (median age 66)
The company is new in the shareholder register in 2025.
Majority owner of: Kalo Båt og Bilferie AS (100%)
Holds shares in: Kalo Båt og Bilferie 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 31 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 54 | 64 | 28 | |
| Rank | 2,151 | 1,372 | 4,727 | |
| Operating margin | 9.1% | 14.4% | −15.1% | |
| Return on assets | 5.4% | 10.4% | −9.4% | |
| Equity ratio | 33.5% | 38.8% | 28.8% | |
| Current ratio | 0.18 | 0.47 | 0.29 | |
| Revenue growth | – | 23.1% | −16.5% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 1.5 MNOK | 1.9 MNOK | 1.5 MNOK |
| Operating profit | 0.1 MNOK | 0.3 MNOK | −0.2 MNOK |
| Profit before tax | 0.0 MNOK | 0.2 MNOK | −0.3 MNOK |
| Tax expense | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Net profit | 0.0 MNOK | 0.1 MNOK | −0.3 MNOK |
| Financial expenses | 0.1 MNOK | 0.1 MNOK | 0.1 MNOK |
| Total assets | 2.7 MNOK | 2.6 MNOK | 2.4 MNOK |
| Current assets | 0.1 MNOK | 0.2 MNOK | 0.1 MNOK |
| Equity | 0.9 MNOK | 1.0 MNOK | 0.7 MNOK |
| Retained earnings | 0.8 MNOK | 0.9 MNOK | 0.6 MNOK |
| Total liabilities | 1.8 MNOK | 1.6 MNOK | 1.7 MNOK |
| Current liabilities | 0.8 MNOK | 0.5 MNOK | 0.5 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 31 October 2026, accounts id 6749090.
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