Løft Relocation 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 2.9% About like the industry Industry: 4.9%
- Returns · return on assets 9.3% About like the industry Industry: 8.7%
- Solidity · equity ratio −9.7% Weaker than the industry Industry: 32.7%
- Liquidity · current ratio 0.66 Weaker than the industry Industry: 1.52
- Growth · revenue growth −21.1% Weaker than the industry Industry: 5.5%
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 2024
32of 100
How to read this: the company is ahead of 22 % of companies in the Morning class Micro in the same sector in 2024. What does this mean?
Rank in the Morning class Micro: 2,073 of 2,668 · What are Morning company classes?
Place in the whole sector: 3,734 of 4,728 · Transport og lagring
Profile
Beaver · Builder
Lower profitability, lower resilience
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 47 and resilience 13 out of 100 among companies in the Morning class Micro in the same sector in 2024. Methodology
Against the sector
Løft Relocation AS is 19 points below the median for companies in the Morning class Micro in the same sector in 2024.
Median score 51 among 2,667 companies.
Against companies in the Morning class Micro in the same sector in 2024: operating margin 2.9% (median 4.9%) and equity ratio −9.7% (median 32.7%).
How it has gone · 2023–2025
Revenue fell by 23 % from 2023 to 2025, to 3.2 MNOK. The operating margin rose from 0.7% in 2023 to 11.3% in 2025. The equity ratio rose from −13.8% in 2023 to 16.6% 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 | 4.2 MNOK | 3.3 MNOK | 3.2 MNOK |
| Operating profit | 0.0 MNOK | 0.1 MNOK | 0.4 MNOK |
| Net profit | 0.0 MNOK | 0.1 MNOK | 0.3 MNOK |
| Total assets | 1.2 MNOK | 1.2 MNOK | 1.1 MNOK |
| Equity | −0.2 MNOK | −0.1 MNOK | 0.2 MNOK |
| Total liabilities | 1.4 MNOK | 1.3 MNOK | 0.9 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.
- 924499028
- Legal form
- AS
- Sector
- Transport og lagring (49.420)
- Purpose
- Tilby komplette relokasjons-, flytte- og etableringstjenester for privatpersoner og bedrifter, inkludert boligrelaterte tjenester, rådgivning, logistikk, digitale løsninger og administrativ støtte. Selskapet kan eie og utvikle fast eiendom, drive digital virksomhet og markedsplattformer, samt annen virksomhet som står i naturlig tilknytning til formålet.
- Morning company class
- Micro
- Employees
- 24 registered 10 November 2026
- Founded
- 7 January 2020 6 years in operation
- Share capital
- 0.03 MNOK
- Business address
- Hovfaret 4, 0275 OSLO
- Municipality
- Oslo rank 63–220 of 357 in Norway
- Audit
- Audit opted out from 28 January 2020
- Latest accounts filed
- 2025
- VAT registered
- Yes
- Former names
- Løft Flyttebyrå AS until 2025, Flyttekompaniet AS until 2020
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
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 −9.7% (median 32.7%).
- watch
Consider strengthening liquidity: current liabilities are 1.5 times current assets.
Based on: Current ratio 0.66 (median 1.52).
- watch
Current liabilities exceed current assets other than bank deposits, and the current ratio is weak. Is it customer prepayments and supplier credit that fund the operations, or short-term loans that must be renewed?
Based on: Net working capital to revenue −18.0% (median −5.6%); Current ratio 0.66 (median 1.52).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 4.1% of the debt in 2024. The policy rate averaged 4.50 % 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
- 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 2.3%. 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 | 47 | weight 40% |
|---|---|---|
| Solidity | 0 | weight 20% |
| Liquidity | 15 | weight 5% |
| Growth | 36 | weight 25% |
| Consistency | 37 | weight 10% |
Three goals: profitability 40%, growth 25%, resilience 35%. Why these weights?
Durability: 27 (average over 2 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 | 3 MNOK | 3 MNOK |
| Operating margin | 2.9% | 4.9% |
| Profit margin | 1.7% | 4.3% |
| Return on assets | 9.3% | 8.7% |
| Equity ratio | −9.7% | 32.7% |
| Debt-to-equity | – | 1.34 |
| Current ratio | 0.66 | 1.52 |
| Revenue growth | −21.1% | 5.5% |
| Revenue per employee | 0.14 MNOK | 0.56 MNOK |
The median and “ahead of” refer to companies in the Morning class Micro in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
With an index of 32, Løft Relocation AS does better than 22% of companies in the Morning class Micro in the same sector (2,668 companies) in 2024.
Score 2023–2025
- Løft Relocation 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. |
27 days | 42 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. |
0 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. |
−18.0% | −5.6% | |
| Cash share of current assets How much of the short-term buffer is bank deposits and cash. |
56.5% | 51.4% | |
| 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. |
1.9 | 3.1 | |
| 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. |
4.1% | 2.4% | |
| Long-term share of debt Long-term debt as a share of all debt. A low share means more falls due within a year. |
33.2% | 19.3% | |
Net working capital (current assets less bank deposits less current liabilities): −0.6 MNOK.
Of the financial costs of 0.1 MNOK, 0.1 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 2024. 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.
Returns, debt against earnings and quality
| Measure | Company | Median | |
|---|---|---|---|
| Returns | |||
| Return on equity (ROE) Net result over the average of equity at the start and end of the year (the end alone when last year is missing). Not calculated with negative equity. |
– | 15.9% | |
| Return on capital employed (ROCE) Operating result over capital employed, that is total assets less current liabilities. The return regardless of how the company is financed. |
31.4% | 12.4% | |
| Net margin Net result over revenue. The first part of the DuPont split of return on equity. |
1.7% | 3.4% | |
| Asset turnover (revenue over assets) Revenue over total assets: how many kroner of revenue each krone of assets gives. The second part of the DuPont split. |
2.89 | 1.68 | |
| Equity multiplier Total assets over equity: 4 means three quarters is financed with debt. The third part of the DuPont split. |
– | 2.34 | |
| Debt and financing | |||
| Net debt in times operating result Long-term liabilities less cash, over the operating result: roughly how many years the business must earn to repay the debt. A negative figure means more cash than long-term debt. Rough, because the accounts do not split out interest-bearing debt. Only calculated when the operating result is positive. |
1.1 | −0.6 | |
| Fixed-asset cover Equity plus long-term liabilities over fixed assets (total assets less current assets). Below 1: fixed assets are partly financed with short-term debt. |
0.52 | 1.30 | |
| Quick ratio (without inventory) Cash plus receivables over current liabilities. Like the current ratio but without inventory and short-term investments. |
0.66 | 1.49 | |
| Quality and resilience | |||
| Effective tax rate Tax expense over profit before tax, only when the profit is positive. Far from 22% points to one-off items, tax losses carried forward or group contributions. |
0.0% | 22.0% | |
| Operating leverage Percentage change in operating result over percentage change in revenue from last year. 3 means a 1% fall in revenue gives a 3% fall in operating result. Only calculated when revenue moved at least 2% and last year's operating result was positive. |
−10.8 | 2.0 | |
| Payroll costs over revenue Payroll costs (with employer's contribution and pension) over revenue. Shows how much of revenue is a fixed cost in a service business. |
63.9% | 34.8% | |
| Revenue safety margin How far revenue can fall before the operating result is zero, assuming payroll is fixed and all other costs follow revenue. A calculation, not a measurement: depreciation and rent are also fixed, so reality is lower. |
4.3% | 21.5% | |
| Cash runway (months) Cash over the operating loss per month, only for years with a loss. Assumes the loss continues unchanged and no new financing arrives. Capped at 120 months. |
– | 19 mo. | |
The median and the bar are for companies in the Morning class Micro in the same sector in 2024. The bar shows the share of the group with a lower figure: high is not always good. The figures are our own calculations from the annual accounts and do not count in the score. Open data has no depreciation, so no EBITDA, and the accounts do not split out interest-bearing debt. How we calculate
What the numbers say
Løft Relocation AS had an operating margin of 2.9% and an equity ratio of −9.7% in 2024, and ranks 3,734 of 4,728 in Transport og lagring.
From 2023 to 2024: went from a loss to a profit before tax and revenue fell by 21%.
This text is generated automatically from the 2024 accounts.
Three simple methods
Suggested price: about 0 MNOK
The mean of the 2 methods below (P/E, EV/EBIT and P/B with listed multiples and a size adjustment), rounded to two significant figures. It is a calculation, not a bid or a valuation. Fewer than three methods gave a figure, so the mean is weaker than it looks.
That is about 12.67 NOK per share, on 30,000 shares in the shareholder register.
The methods give between 0 MNOK and 1 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 15.1 | 0 MNOK |
| EV/EBIT | 16.7 | 1 MNOK |
| P/B | 1.5 | not meaningful |
| EV/EBIT: from enterprise value to equity | NOK |
|---|---|
| Enterprise value (EV) at the listed multiple | 1 MNOK |
| Enterprise value after the size adjustment | 1 MNOK |
| Less net debt (rough figure) | 0 MNOK |
| Equity value | 1 MNOK |
Net debt is a rough figure: long-term liabilities minus cash. The accounts do not split interest-bearing debt from other liabilities, and short-term borrowings are not included. The size adjustment applies to the enterprise value, not to the debt.
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 (49.4): Trucking.
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
Figures you will not find in any register
We calculated these figures ourselves from the accounts and registers we have read. The company has not reported them and the Brønnøysund Register Centre does not publish them. They are indications and are not part of the index. How we calculate
- Personnel cost per registered employee
- 0.09 MNOK per registered employee in 2024
Comparable companies have a median of 0.25 MNOK. This company is above 13% of them (774 companies in the same industry and size class).
Payroll costs are 64% of revenue.
Payroll costs in the accounts divided by 24 employees in the business register. Payroll costs include employer's contribution and pension, so they are higher than wages. The employee count is a snapshot and can differ from the average over the accounting year. - Implied dividend (net payout)
- Equity moved as the result implied in 2025.
Over 2 years it equals 0% of the sum of the results.
Calculated as retained earnings at the start of the year + net result − retained earnings at the end of the year. What remains is dividends and group contributions, plus transfers to other items and corrections of earlier years. It is not a dividend figure. - Owners and leadership aged 60 or older
- No sign of a near generation change in the ages.
- The chair is under 60.
- The managing director is under 60.
- 0 of 1 on the board are 60 or older.
- What the largest owner can do alone
- The largest owner holds 70.0% of the shares, at least two thirds. The owner can alone secure decisions that need a two-thirds majority, such as changes to the articles (Companies Act § 5-18), and all decisions by ordinary majority (§ 5-17).
The owner is a Norwegian company.
Applies to the largest single owner in the shareholder register (2025). The articles can limit voting rights and owners can vote together, and we cannot see either. Ownership through other companies is not counted. - Control against ownership through the chain
- A private person holds a majority at each of 2 links and so controls the company, but owns at least 70% of it itself.
The top owner is the highest we can establish, and it can itself be owned by others. The figure is «at least» because other routes between the owner and the company only add to it. The articles can limit voting rights, and we cannot see that. Shareholder register (2025).
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
Questions and answers
How profitable is Løft Relocation AS?
The operating margin was 2.9% in 2024, against a median of 4.9% among companies in the Morning class Micro in the same sector. Return on assets was 9.3%.
How solid is Løft Relocation AS?
The equity ratio was −9.7% in 2024 (median 32.7%). Equity is negative, so liabilities exceed assets.
What is the liquidity of Løft Relocation AS like?
The current ratio was 0.66 in 2024 (median 1.52). Current assets did not cover current liabilities.
How does Løft Relocation AS compare in Transport og lagring?
Løft Relocation AS ranks 3,734 of 4,728 in Transport og lagring for 2024. Among companies in the Morning class Micro it is number 2,073 of 2,668. Revenue changed by −21.1% from the year before.
Group structure · 2025
3 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 Pil og Bue Ventures AS. Persons are not shown by name.
Pil og Bue Ventures 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
- Transport og lagring (2 companies), Informasjon og kommunikasjon (1 company) 3 of 3 companies in the tree have accounts with us. Sectors are sorted by the companies' own revenue, which includes sales between the group's companies.
- Employees in Norway
- 24 in all. Oslo 24 Registered employees in the Central Coordinating Register, by the municipality of the business address. Employees may work elsewhere.
- Negative equity
- 1 company: Pil og Bue Ventures AS
- Loss
- 1 company: Pil og Bue Ventures AS
- Changed 2024–2025
- 1 company joined the group: Spade 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.
-
Pil og Bue Ventures AS
- Løft Relocation AS you are here
- Spade AS
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 31 October 2026. Only names are shown.
Shareholders (2025)
- Number of shareholders
- 2 (one owner holds more than half)
- Largest owner
- 70.0%
- Split
- companies 100% · private persons 0% · foreign 0%
- Owned from the same municipality
- 100%
- Group chain
-
Owned by: Pil og Bue Ventures AS (70%)
Ultimate owner: private person
The owner: the majority owner Pil og Bue Ventures AS (holds 70%) had negative equity in 2025. made a loss in 2025. A weak parent can affect the subsidiary through group contributions, loans and guarantees. It is an indication to watch, not an assessment of the company.
- Pil og Bue Ventures AS · 70.0%
- Hilding Holding AS · 30.0%
The company is new in the shareholder register in 2025.
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 5 November 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 22 | 32 | 58 | |
| Rank | 3,820 | 3,734 | 1,745 | |
| Operating margin | 0.7% | 2.9% | 11.3% | |
| Return on assets | 3.3% | 9.3% | 35.3% | |
| Equity ratio | −13.8% | −9.7% | 16.6% | |
| Current ratio | 0.74 | 0.66 | 0.95 | |
| Revenue growth | – | −21.1% | −2.9% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 4.2 MNOK | 3.3 MNOK | 3.2 MNOK |
| Operating profit | 0.0 MNOK | 0.1 MNOK | 0.4 MNOK |
| Profit before tax | 0.0 MNOK | 0.1 MNOK | 0.3 MNOK |
| Tax expense | 0.0 MNOK | 0.0 MNOK | 0.1 MNOK |
| Net profit | 0.0 MNOK | 0.1 MNOK | 0.3 MNOK |
| Financial expenses | 0.1 MNOK | 0.1 MNOK | 0.0 MNOK |
| Total assets | 1.2 MNOK | 1.2 MNOK | 1.1 MNOK |
| Current assets | 0.5 MNOK | 0.6 MNOK | 0.6 MNOK |
| Equity | −0.2 MNOK | −0.1 MNOK | 0.2 MNOK |
| Retained earnings | −0.2 MNOK | −0.1 MNOK | 0.2 MNOK |
| Total liabilities | 1.4 MNOK | 1.3 MNOK | 0.9 MNOK |
| Current liabilities | 0.7 MNOK | 0.8 MNOK | 0.7 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 5 November 2026, accounts id 6127827.
Further
Similar companies
- Westgaard Transport AS index 32, rank 3,730 · compare
- BREDESEN TRANSPORT & Montering AS index 32, rank 3,731 · compare
- Hildonens Transportservice AS index 32, rank 3,735 · compare
- GRØNN & BK Transport AS index 32, rank 3,737 · compare
- EGGE TRANSPORT & Tur AS index 32, rank 3,740 · compare
News and announcements
- 22 December 2025 Nytt foretaksnavn (opens in a new tab) Source: Brønnøysundregistrene
- 2 December 2025 Ny forretningsadresse (opens in a new tab) Source: Brønnøysundregistrene
From official sources: the Brønnøysund Register Centre, Oslo Børs NewsWeb and public agencies. We show the title, date and a link to the source. The link to a company, sector or municipality is automatic and may be wrong. Report a wrong link