POLARHUS AS
Score · fiscal year 2023
12of 100
How to read this: the company is ahead of 9 % of small companies in the same sector in 2023. What does this mean?
Rank: 26,589 of 28,994 · Bygg og anlegg
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2023, not a verdict on the company. Based on profitability 23 and solidity 0 out of 100 among small companies in the same sector in 2023. Methodology
Against the sector
POLARHUS AS is 38 points below the median for small companies in the same sector in 2023.
Median score 50 among 27,966 companies.
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating margin | – | 4.1% |
| Profit margin | – | 3.8% |
| Return on assets | −5.1% | 5.9% |
| Equity ratio | −38.0% | 36.8% |
| Debt-to-equity | – | 1.24 |
| Current ratio | 0.62 | 1.44 |
| Revenue growth | – | 2.6% |
The median and “ahead of” refer to small companies in the same sector in 2023. The bar shows the share of companies the figure is ahead of.
With an index of 12, POLARHUS AS does better than 9% of small companies in the same sector (28,016 companies) in 2023.
Score 2023–2025
- POLARHUS AS
- Median: small companies in the same sector
What the numbers say
POLARHUS AS had an operating margin of – and an equity ratio of −38.0% in 2023, and ranks 26,589 of 28,994 in Bygg og anlegg.
This text is generated automatically from the 2023 accounts.
Three simple methods
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | not meaningful |
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
Equity is negative. How will it be rebuilt, and what do lenders and the auditor say about going concern?
Based on: Equity ratio −38.0% (median 36.8%).
- watch
Consider strengthening liquidity: current liabilities are 1.6 times current assets.
Based on: Current ratio 0.62 (median 1.44).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin – (median 3.8%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Data quality
- watch Revenue not reported
- critical Negative equity
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 2.5%. 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 | 23 | weight 30% |
|---|---|---|
| Solidity | 0 | weight 25% |
| Liquidity | 15 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 8 | weight 15% |
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is POLARHUS AS?
The operating margin was – in 2023, against a median of 4.1% among small companies in the same sector. Return on assets was −5.1%. The company made a loss before tax.
How solid is POLARHUS AS?
The equity ratio was −38.0% in 2023 (median 36.8%). Equity is negative, so liabilities exceed assets.
What is the liquidity of POLARHUS AS like?
The current ratio was 0.62 in 2023 (median 1.44). Current assets did not cover current liabilities.
How does POLARHUS AS compare in Bygg og anlegg?
POLARHUS AS ranks 26,589 of 28,994 in Bygg og anlegg for 2023. Among companies of the same size (small companies) it ranks 25,612 of 28,016.
From the Central Coordinating Register
- Org. no.
- 915619371
- Legal form
- AS
- Sector
- Bygg og anlegg (41.000)
- Size tier
- small
- Employees
- 0–4 (not registered)
- Founded
- 20 June 2015 11 years in operation
- Share capital
- 0.10 MNOK
- Business address
- Kristen Nygaards gate 35, 9901 KIRKENES (SØR-VARANGER)
- Municipality
- Sør-Varanger rank 3–8 of 13 in KOSTRA group 8
- Audit
- Audit opted out from 22 December 2020
- 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
- Chief executive
- Tom Witsø
- Chair of the board
- Tom Witsø
- Accountant
- KIRKENES REGNSKAPSKONTOR AS
Source: Central Coordinating Register, fetched 25 October 2026. Only names are shown.
Owners and shareholdings will appear here once the shareholder data extract is in place.
Coming · not built yet
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 26 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 12 | 13 | 13 | |
| Rank | 26,589 | 29,371 | 30,708 | |
| Operating margin | – | – | – | |
| Return on assets | −5.1% | −7.7% | −6.5% | |
| Equity ratio | −38.0% | −46.3% | −53.8% | |
| Current ratio | 0.62 | 0.57 | 0.52 | |
| Revenue growth | – | – | – |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | – | – | – |
| Operating profit | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Profit before tax | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Net profit | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Financial expenses | – | – | – |
| Total assets | 0.2 MNOK | 0.2 MNOK | 0.2 MNOK |
| Current assets | 0.2 MNOK | 0.2 MNOK | 0.1 MNOK |
| Equity | −0.1 MNOK | −0.1 MNOK | −0.1 MNOK |
| Retained earnings | −0.2 MNOK | −0.2 MNOK | −0.2 MNOK |
| Total liabilities | 0.3 MNOK | 0.3 MNOK | 0.3 MNOK |
| Current liabilities | 0.3 MNOK | 0.3 MNOK | 0.3 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 5036235.
Further
Similar companies
- RP SERVICE AS index 12, rank 26,586 · compare
- BD KONSTRUKSJON AS index 12, rank 26,587 · compare
- ANPA INVEST AS index 12, rank 26,588 · compare
- IB MASKIN AS index 12, rank 26,590 · compare
- VVS INSTALLASJON INNLANDET AS index 12, rank 26,591 · compare