ELMAAS AS
Score · fiscal year 2023
59of 100
How to read this: the company is ahead of 66 % of small companies in the same sector in 2023. What does this mean?
Rank: 7,282 of 21,393 · Handel
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2023, not a verdict on the company. Based on profitability 42 and solidity 64 out of 100 among small companies in the same sector in 2023. Methodology
Against the sector
ELMAAS AS is 9 points above the median for small companies in the same sector in 2023.
Median score 50 among 20,351 companies.
Against small companies in the same sector in 2023: operating margin −0.4% (median 2.1%) and equity ratio 58.7% (median 32.6%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 20 MNOK | 3 MNOK |
| Operating margin | −0.4% | 2.1% |
| Profit margin | −0.3% | 1.7% |
| Return on assets | 1.4% | 2.4% |
| Equity ratio | 58.7% | 32.6% |
| Debt-to-equity | 0.70 | 1.12 |
| Current ratio | 2.30 | 1.54 |
| Revenue growth | – | 3.3% |
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 59, ELMAAS AS does better than 66% of small companies in the same sector (20,422 companies) in 2023.
Score 2023–2025
- ELMAAS AS
- Median: small companies in the same sector
What the numbers say
ELMAAS AS had an operating margin of −0.4% and an equity ratio of 58.7% in 2023, and ranks 7,282 of 21,393 in Handel.
This text is generated automatically from the 2023 accounts.
Three simple methods
One method gives a figure: 6 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 6 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
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −0.3% (median 1.7%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
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 0.8%. 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 | 42 | weight 30% |
|---|---|---|
| Solidity | 64 | weight 25% |
| Liquidity | 66 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 80 | weight 15% |
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is ELMAAS AS?
The operating margin was −0.4% in 2023, against a median of 2.1% among small companies in the same sector. Return on assets was 1.4%. The company made a loss before tax.
How solid is ELMAAS AS?
The equity ratio was 58.7% in 2023 (median 32.6%). Debt-to-equity was 0.70 (median 1.12).
What is the liquidity of ELMAAS AS like?
The current ratio was 2.30 in 2023 (median 1.54).
How does ELMAAS AS compare in Handel?
ELMAAS AS ranks 7,282 of 21,393 in Handel for 2023. Among companies of the same size (small companies) it ranks 6,946 of 20,422.
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.
- 919828218
- Legal form
- AS · part of a group
- Sector
- Handel (46.630)
- Size tier
- small
- Employees
- 0–4 (not registered)
- Founded
- 10 October 2017 9 years in operation
- Share capital
- 1.00 MNOK
- Business address
- Herstadveien 29, 3090 HOF (HOLMESTRAND)
- Municipality
- Holmestrand rank 7–14 of 27 in KOSTRA group 9
- 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
- Morten Ræstad Iversen
- Chair of the board
- Morten Ræstad Iversen
- Board member
- Christen Ræstad
- Board member
- Ellen Ræstad Iversen
- Auditor
- REVISORGRUPPEN DRAMMEN AS
- Accountant
- SAGA REGNSKAP OG RÅDGIVNING AS
- Accountant
- ACCOUNT REGNSKAP 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 | 59 | 60 | 74 | |
| Rank | 7,282 | 7,224 | 2,084 | |
| Operating margin | −0.4% | 3.1% | 7.2% | |
| Return on assets | 1.4% | 6.6% | 21.2% | |
| Equity ratio | 58.7% | 53.6% | 67.2% | |
| Current ratio | 2.30 | 2.09 | 2.86 | |
| Revenue growth | – | 14.7% | 48.8% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 19.7 MNOK | 22.5 MNOK | 33.6 MNOK |
| Operating profit | −0.1 MNOK | 0.7 MNOK | 2.4 MNOK |
| Profit before tax | −0.1 MNOK | 0.5 MNOK | 2.3 MNOK |
| Net profit | −0.1 MNOK | 0.4 MNOK | 1.8 MNOK |
| Financial expenses | 0.2 MNOK | 0.2 MNOK | 0.1 MNOK |
| Total assets | 9.5 MNOK | 11.1 MNOK | 11.6 MNOK |
| Current assets | 9.0 MNOK | 10.8 MNOK | 10.7 MNOK |
| Equity | 5.6 MNOK | 6.0 MNOK | 7.8 MNOK |
| Retained earnings | 4.6 MNOK | 5.0 MNOK | 6.8 MNOK |
| Total liabilities | 3.9 MNOK | 5.2 MNOK | 3.8 MNOK |
| Current liabilities | 3.9 MNOK | 5.2 MNOK | 3.8 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 5325483.
Further
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