Inter Eiendom AS
Not financial advice. The index, rank, signals and advice are rule-based indications from the latest filed annual accounts. They are not a credit rating, an assessment of management or a recommendation to buy, sell or do business with the company. Read more
Key facts
Is the company run well?
Five key figures against companies in the Morning class Micro in the same sector. Green is better than most, amber about like the industry and red weaker than most.
- Profitability · operating margin −611.5% Weaker than the industry Industry: 47.7%
- Returns · return on assets −5.0% Weaker than the industry Industry: 7.8%
- Solidity · equity ratio 19.7% About like the industry Industry: 27.9%
- Liquidity · current ratio 3.64 Better than the industry Industry: 1.40
- Growth · revenue growth −60.3% Weaker than the industry Industry: 3.3%
The mark comes from the company's place among comparable companies (percentile): green from 60, amber from 40, red below 40. Negative equity, an operating loss and a current ratio under 1 pull it down regardless. Methodology
Score · fiscal year 2025
15of 100
How to read this: the company is ahead of 3 % of companies in the Morning class Micro in the same sector in 2025. What does this mean?
Rank in the Morning class Micro: 23,265 of 23,905 · What are Morning company classes?
Place in the whole sector: 29,348 of 30,132 · Eiendom
Profile
Beaver · Builder
Lower profitability, lower resilience
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 3 and resilience 39 out of 100 among companies in the Morning class Micro in the same sector in 2025. Methodology
Against the sector
Inter Eiendom AS is 35 points below the median for companies in the Morning class Micro in the same sector in 2025.
Median score 50 among 23,899 companies.
Against companies in the Morning class Micro in the same sector in 2025: operating margin −611.5% (median 47.7%) and equity ratio 19.7% (median 27.9%).
How it has gone · 2023–2025
Revenue fell by 70 % from 2023 to 2025, to 4.0 MNOK. The operating margin fell from −17.3% in 2023 to −611.5% in 2025. The equity ratio fell from 40.6% in 2023 to 19.7% in 2025.
Amounts in the reporting currency. The full year-by-year table is further down under «Details». See every figure year by year
Accounts in short
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 13.3 MNOK | 10.2 MNOK | 4.0 MNOK |
| Operating profit | −2.3 MNOK | −5.6 MNOK | −24.6 MNOK |
| Net profit | 12.6 MNOK | 1.0 MNOK | −94.3 MNOK |
| Total assets | 328.6 MNOK | 290.8 MNOK | 202.7 MNOK |
| Equity | 133.3 MNOK | 134.3 MNOK | 40.0 MNOK |
| Total liabilities | 195.3 MNOK | 156.6 MNOK | 162.7 MNOK |
From the Brønnøysund Register Centre, in the company's reporting currency (NOK). See every figure year by year
From the Central Coordinating Register
- Org. no.
- 922154740
- Legal form
- AS
- Sector
- Eiendom (68.110)
- Purpose
- Kjøp og salg av aksjer og eiendommer, handel, produksjon, føre regnskap for andre, forretningsførervirksomhet og konsulentvirksomhet, samt hva herved står i forbindelse, herunder å delta i andre selskaper med lignende virksomhet.
- Morning company class
- Micro
- Employees
- 0–4 (not registered) Payroll costs in the accounts: 10.5 MNOK (2025).
- Founded
- 15 January 2019 7 years in operation
- Share capital
- 1.14 MNOK
- Business address
- Nansetgata 16, 3256 LARVIK
- Municipality
- Larvik rank 4 of 10 in KOSTRA group 11
- Latest accounts filed
- 2025
- VAT registered
- Yes
- Former names
- Fredrik Stangs Gate 14 AS until 2019
- LEI
- 54930055YQK4M32RB983 not renewed (lapsed)
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
Inter Eiendom AS has a score of 15 for 2025, rank 29,348 of 30,132 in the sector.
Strongest: Liquidity: percentile 73 against peers, current ratio 3.64 against a median of 1.40.
Weakest: Growth: percentile 1 against peers, revenue growth −60.3% against a median of 3.3%. Profitability: percentile 3 against peers, operating margin −611.5% against a median of 47.7%.
Worth a closer look
- The operating result does not cover the financial costs. How will the debt be serviced, and what do the lenders say? Based on: interest coverage (times) −0.3 (median 1.8); financial costs as a share of debt 51.7% (median 5.0%).
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin −2,340.9% (median 24.4%).
- The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors? Based on: operating margin −611.5% (median 47.7%).
- 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
Worth a closer look
- critical
The operating result does not cover the financial costs. How will the debt be serviced, and what do the lenders say?
Based on: Interest coverage (times) −0.3 (median 1.8); Financial costs as a share of debt 51.7% (median 5.0%).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −2,340.9% (median 24.4%).
- 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 −611.5% (median 47.7%).
- watch
Receivables equal far more days of revenue than at comparable companies. Do customers pay late, or are these loans to companies in the same group?
Based on: Receivable days 123 days (median 40 days).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 51.7% 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
- watch Extreme margin: check 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 15.0%. 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 | 3 | weight 40% |
|---|---|---|
| Solidity | 37 | weight 20% |
| Liquidity | 73 | weight 5% |
| Growth | 1 | weight 25% |
| Consistency | 26 | weight 10% |
Three goals: profitability 40%, growth 25%, resilience 35%. Why these weights?
Durability: 34 (average over 3 years)
Index version 3. Data completeness 100%: the share of the weights that had data.
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 4 MNOK | 2 MNOK |
| Operating margin | −611.5% | 47.7% |
| Profit margin | −2,340.9% | 24.4% |
| Return on assets | −5.0% | 7.8% |
| Equity ratio | 19.7% | 27.9% |
| Debt-to-equity | 4.07 | 2.10 |
| Current ratio | 3.64 | 1.40 |
| Revenue growth | −60.3% | 3.3% |
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 15, Inter Eiendom AS does better than 3% of companies in the Morning class Micro in the same sector (23,905 companies) in 2025.
Score 2023–2025
- Inter Eiendom AS
- Median: companies in the Morning class Micro in the same sector
Working capital and debt
| Measure | Company | Median | |
|---|---|---|---|
| Working capital | |||
| Receivable days All current receivables, including those on group companies, in days of revenue. |
123 days | 40 days | |
| Inventory and other current assets, days Current assets other than receivables and bank deposits, that is inventory and short-term investments, in days of revenue. |
1,087 days | 0 days | |
| Net working capital to revenue Current assets less bank deposits less current liabilities, divided by revenue. Negative: short-term debt funds the operations. |
234.7% | −12.4% | |
| Cash share of current assets How much of the short-term buffer is bank deposits and cash. |
6.0% | 54.9% | |
| Debt and interest burden | |||
| Interest coverage (times) Operating result divided by all financial costs. Below 1: operations do not cover the cost of the debt. |
−0.3 | 1.8 | |
| Financial costs as a share of debt All financial costs (interest, currency losses and other) divided by all debt, interest-free debt included. Not an interest rate. |
51.7% | 5.0% | |
| Long-term share of debt Long-term debt as a share of all debt. A low share means more falls due within a year. |
97.6% | 87.8% | |
The operating result is negative, so the interest coverage is negative: operations cover none of the financial costs.
Net working capital (current assets less bank deposits less current liabilities): 9.5 MNOK.
Of the financial costs of 84.1 MNOK, 10.9 MNOK is reported as interest costs in the accounts.
The median and the bar refer to companies in the Morning class Micro in the same sector in 2025. The bar shows the share of the group with a lower figure: higher is not always better, long receivable days tie up capital, for example. These figures do not count in the score.
The industry or the company: what drove the result?
In 2025 the operating margin of Inter Eiendom AS fell by 556.2 percentage points. Comparable companies rose by a median 7.2 points. So the company did 563.5 points weaker than the industry, for reasons of its own.
Over 2 year-to-year changes Inter Eiendom AS moved the same way as comparable companies 0 times. About 2% 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 | −55.3% | 40.5% | −38.0 percentage points | +3.1 percentage points | −41.1 percentage points |
| 2025 | −611.5% | 47.7% | −556.2 percentage points | +7.2 percentage points | −563.5 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 Inter Eiendom AS. The figures stand side by side; we claim no cause.
House prices (existing homes) (indeks (2015 = 100))
House prices (existing homes) rose 5.5% in 2025; the operating margin of Inter Eiendom AS fell 556.2 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| House prices (existing homes), annual average | 134.5 | 141.6 | 140.8 | 144.6 | 152.5 | 158.7 (so far) |
| Change from the year before | +10.5% | +5.2% | −0.5% | +2.7% | +5.5% | +4.1% |
| The company's operating margin | – | – | −17.3% | −55.3% | −611.5% | – |
Source: SSB (07221, CC BY 4.0). Source
Policy rate (prosent)
Policy rate fell 0.20 percentage points in 2025; the operating margin of Inter Eiendom AS fell 556.2 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 | – | – | −17.3% | −55.3% | −611.5% | – |
Source: Norges Bank (IR, NLOD 2.0). Source
Construction cost index for dwellings (indeks (2015 = 100))
Construction cost index for dwellings rose 4.3% in 2025; the operating margin of Inter Eiendom AS fell 556.2 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Construction cost index for dwellings, annual average | 124.2 | 135.1 | 141.1 | 146.4 | 152.7 | 158.4 (so far) |
| Change from the year before | +8.7% | +8.8% | +4.4% | +3.7% | +4.3% | +3.7% |
| The company's operating margin | – | – | −17.3% | −55.3% | −611.5% | – |
Source: SSB (08651, CC BY 4.0). Source
Consumer price index (indeks (2025 = 100))
Consumer price index rose 3.0% in 2025; the operating margin of Inter Eiendom AS fell 556.2 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Consumer price index, annual average | 84.3 | 89.2 | 94.1 | 97.0 | 100.0 | 103.0 (so far) |
| Change from the year before | +3.5% | +5.8% | +5.5% | +3.2% | +3.0% | +3.0% |
| The company's operating margin | – | – | −17.3% | −55.3% | −611.5% | – |
Source: SSB (14710, CC BY 4.0). Source
Wage index: real estate (indeks)
Wage index: real estate rose 5.2% in 2025; the operating margin of Inter Eiendom AS fell 556.2 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Wage index: real estate, annual average | 91.7 | 94.3 | 96.8 | 103.2 | 108.5 | 111.3 (so far) |
| Change from the year before | +5.2% | +2.9% | +2.6% | +6.5% | +5.2% | +2.6% |
| The company's operating margin | – | – | −17.3% | −55.3% | −611.5% | – |
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
Inter Eiendom AS had an operating margin of −611.5% and an equity ratio of 19.7% in 2025, and ranks 29,348 of 30,132 in Eiendom.
From 2024 to 2025: the operating margin fell from −55.3% to −611.5% 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: 22 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 11.3 | not meaningful |
| EV/EBIT | 16.6 | not meaningful |
| P/B | 0.9 | 22 MNOK |
The listed basis is the value at listed multiples. The estimate is lowered for size: a small-company premium of 4% on the cost of equity gives a value 38% lower. No separate marketability discount is applied, because the premium already allows for the company being small and unlisted.
The multiples are from the listed industry that matches the NACE code (68.1): Real Estate (Development).
Not financial advice. The value range is a rough model estimate from listed-company multiples, not a valuation, a price target or a price offer. The actual value may differ greatly. Read more
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
Questions and answers
How profitable is Inter Eiendom AS?
The operating margin was −611.5% in 2025, against a median of 47.7% among companies in the Morning class Micro in the same sector. Return on assets was −5.0%. The company made a loss before tax.
How solid is Inter Eiendom AS?
The equity ratio was 19.7% in 2025 (median 27.9%). Debt-to-equity was 4.07 (median 2.10).
What is the liquidity of Inter Eiendom AS like?
The current ratio was 3.64 in 2025 (median 1.40).
How does Inter Eiendom AS compare in Eiendom?
Inter Eiendom AS ranks 29,348 of 30,132 in Eiendom for 2025. Among companies in the Morning class Micro it is number 23,265 of 23,905. Revenue changed by −60.3% from the year before.
Competitors
The 8 closest competitors in the same line of business, placed in the same matrix as the sector page: profitability up, resilience to the right. These are the companies the competitor analysis and the strategy report compare with.
Each bubble is a company: this company and its closest competitors in the same line of business and size, the same ones the competitor analysis uses. Placement is 0–100 against the whole sector and Morning company class: further right is more robust, higher up is more profitable. Bubble size is revenue. The light bubble and arrow show where the company stood the year before. Pick a profile to see fewer at a time.
| Company | Profile | Operating revenue | Operating margin | Score |
|---|---|---|---|---|
| Ophiolite AS |  Lion |
4 MNOK | 42.1% | 65 |
| BO Bra Eiendom AS |  Cheetah |
4 MNOK | 49.9% | 49 |
| Styrbord Management AS | Lion |
4 MNOK | 7.2% | 68 |
| Inter Eiendom AS (this company) |  Beaver |
4 MNOK | −611.5% | 15 |
| Hornåsen Eiendom AS | Cheetah |
4 MNOK | 32.7% | 52 |
| Søiland Eiendom AS | Lion |
4 MNOK | 12.4% | 56 |
| Kbtk AS |  Elephant |
4 MNOK | 69.7% | 70 |
| WL Utvikling AS | Beaver |
4 MNOK | 4.6% | 30 |
| Handelshuset Rønneberg AS | Elephant |
4 MNOK | 7.0% | 44 |
The selection is the closest in revenue within the same industry code. When you order, you can swap competitors. Order competitor analysis
Group structure · 2025
14 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.
Private persons own 100% of the shares in Tiur Holding AS. Persons are not shown by name.
Tiur Holding 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
- Eiendom (14 companies) 14 of 14 companies in the tree have accounts with us. Sectors are sorted by the companies' own revenue, which includes sales between the group's companies.
- Negative equity
- 3 companies: Kilgata 17 AS, Kilgata 19 AS, Fredrik Stangs Gate AS
- Loss
- 11 companies: Nybyen Dronningensgate 17-25 AS, Inter Invest AS, Inter Eiendom AS, Kilgata 17 AS, Kilgata 19 AS, Mohagen Sandefjord AS …
- Changed 2024–2025
- 3 companies left.
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.
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Tiur Holding AS
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Inter Eiendom AS you are here
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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.
Ownership and roles
Loading roles …
Source: Central Coordinating Register, fetched 3 November 2026. Only names are shown.
- Parent company
- Tiur Holding AS (Norway)
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 30 October 2026. The parent is the one the company itself reported to GLEIF.
Shareholders (2025)
- Number of shareholders
- 5 (one owner holds more than half)
- Largest owner
- 71.4% · top three 96.3%
- Split
- companies 100% · private persons 0% · foreign 0%
- Owned from the same municipality
- 100%
- Group chain
-
Owned by: Tiur Holding AS (71%)
Ultimate owner: private person
- Tiur Holding AS · 71.4%
- Viken Consult AS · 14.9%
- Tveter Invest AS · 10.0%
- Tholfsen Regnskap AS · 3.0%
- Melior AS · 0.7%
The company is new in the shareholder register in 2025.
Majority owner of: Inter Eiendom Finans AS (100%), Inter Eiendom Vestfold AS (100%), Kvartal 69 Sandefjord AS (100%)
The portfolio: 7 of the companies it owns shares in have accounts with us, 3 of them as majority owner. The average index is –. 1 have negative equity and 5 made a loss in the latest year.
Holds shares in: Inter Eiendom Finans AS (100%), Inter Eiendom Vestfold AS (100%), Solsiden Holmestrand AS (50%), Skaginor AS (50%), Solåsen Larvik AS (50%), Kvartal 69 Sandefjord AS (100%), Balozi AS (50%)
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.
Is this your company? Suggest changes or add information
Figures last fetched 8 November 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 51 | 35 | 15 | |
| Rank | 12,888 | 22,899 | 29,348 | |
| Operating margin | −17.3% | −55.3% | −611.5% | |
| Return on assets | 8.3% | 5.4% | −5.0% | |
| Equity ratio | 40.6% | 46.2% | 19.7% | |
| Current ratio | 8.44 | 11.64 | 3.64 | |
| Revenue growth | – | −23.5% | −60.3% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 13.3 MNOK | 10.2 MNOK | 4.0 MNOK |
| Operating profit | −2.3 MNOK | −5.6 MNOK | −24.6 MNOK |
| Profit before tax | 12.6 MNOK | 1.0 MNOK | −94.3 MNOK |
| Tax expense | – | – | – |
| Net profit | 12.6 MNOK | 1.0 MNOK | −94.3 MNOK |
| Financial expenses | 14.8 MNOK | 14.7 MNOK | 84.1 MNOK |
| Total assets | 328.6 MNOK | 290.8 MNOK | 202.7 MNOK |
| Current assets | 42.4 MNOK | 35.9 MNOK | 14.2 MNOK |
| Equity | 133.3 MNOK | 134.3 MNOK | 40.0 MNOK |
| Retained earnings | 125.6 MNOK | 126.6 MNOK | 32.4 MNOK |
| Total liabilities | 195.3 MNOK | 156.6 MNOK | 162.7 MNOK |
| Current liabilities | 5.0 MNOK | 3.1 MNOK | 3.9 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 8 November 2026, accounts id 6925470.
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