Solid Eiendomsdrift 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
Score · fiscal year 2023
23of 100
How to read this: the company is ahead of 16 % of companies in the Morning class Micro in the same sector in 2023. What does this mean?
Rank in the Morning class Micro: 3,007 of 3,582 · What are Morning company classes?
Place in the whole sector: 4,684 of 5,515 · Forretningsmessig tjenesteyting
Profile
Beaver · Builder
Lower profitability, lower resilience
Position against comparable companies in 2023, not a verdict on the company. Based on profitability 37 and resilience 7 out of 100 among companies in the Morning class Micro in the same sector in 2023. Methodology
Against the sector
Solid Eiendomsdrift AS is 27 points below the median for companies in the Morning class Micro in the same sector in 2023.
Median score 50 among 3,579 companies.
Against companies in the Morning class Micro in the same sector in 2023: operating margin 1.5% (median 4.8%) and equity ratio −13.3% (median 31.0%).
How it has gone · 2023–2025
Revenue fell by 28 % from 2023 to 2025, to 2.8 MNOK. The operating margin fell from 1.5% in 2023 to −23.9% in 2025. The equity ratio fell from −13.3% in 2023 to −87.2% in 2025.
Amounts in the reporting currency. The full year-by-year table is further down under «Details». See every figure year by year
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 −13.3% (median 31.0%).
- 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) 0.6 (median 4.4); Financial costs as a share of debt 4.3% (median 1.0%).
- watch
Consider strengthening liquidity: current liabilities are 1.7 times current assets.
Based on: Current ratio 0.59 (median 1.35).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −1.1% (median 3.9%).
- 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 −29.8% (median −8.1%); Current ratio 0.59 (median 1.35).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 4.3% of the debt in 2023. The policy rate averaged 3.54 % 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 2021, the sector's weakest year, for this company.
The sector's weakest year was 2021, with a median operating margin of 0.4%. 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 | 37 | weight 40% |
|---|---|---|
| Solidity | 0 | weight 20% |
| Liquidity | 13 | weight 5% |
| Growth | – | no data, left out |
| Consistency | 18 | weight 10% |
Three goals: profitability 40%, growth 25%, resilience 35%. Why these weights?
Index version 3. Data completeness 75%: the share of the weights that had data.
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 4 MNOK | 3 MNOK |
| Operating margin | 1.5% | 4.8% |
| Profit margin | −1.1% | 3.9% |
| Return on assets | 2.8% | 8.5% |
| Equity ratio | −13.3% | 31.0% |
| Debt-to-equity | – | 1.50 |
| Current ratio | 0.59 | 1.35 |
| Revenue growth | – | 16.0% |
| Revenue per employee | 0.20 MNOK | 0.40 MNOK |
The median and “ahead of” refer to companies in the Morning class Micro in the same sector in 2023. The bar shows the share of companies the figure is ahead of.
With an index of 23, Solid Eiendomsdrift AS does better than 16% of companies in the Morning class Micro in the same sector (3,582 companies) in 2023.
Score 2023–2025
- Solid Eiendomsdrift 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. |
33 days | 43 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. |
−29.8% | −8.1% | |
| Cash share of current assets How much of the short-term buffer is bank deposits and cash. |
60.6% | 51.6% | |
| 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. |
0.6 | 4.4 | |
| 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. |
4.3% | 1.0% | |
| Long-term share of debt Long-term debt as a share of all debt. A low share means more falls due within a year. |
35.3% | 1.3% | |
Net working capital (current assets less bank deposits less current liabilities): −1.2 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 2023. 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.
What the numbers say
Solid Eiendomsdrift AS had an operating margin of 1.5% and an equity ratio of −13.3% in 2023, and ranks 4,684 of 5,515 in Forretningsmessig tjenesteyting.
This text is generated automatically from the 2023 accounts.
Three simple methods
One method gives a figure: 0 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 17.3 | not meaningful |
| EV/EBIT | 14.1 | 0 MNOK |
| P/B | 2.7 | 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 | 0 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. Net debt is 57% of the enterprise value after the size adjustment, so the equity value from EV/EBIT is sensitive to errors in the debt figure.
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 NACE code has no listed industry of its own in the table, so the multiples are the sector median: Business & Consumer Services, Office Equipment & Services.
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 Solid Eiendomsdrift AS?
The operating margin was 1.5% in 2023, against a median of 4.8% among companies in the Morning class Micro in the same sector. Return on assets was 2.8%. The company made a loss before tax.
How solid is Solid Eiendomsdrift AS?
The equity ratio was −13.3% in 2023 (median 31.0%). Equity is negative, so liabilities exceed assets.
What is the liquidity of Solid Eiendomsdrift AS like?
The current ratio was 0.59 in 2023 (median 1.35). Current assets did not cover current liabilities.
How does Solid Eiendomsdrift AS compare in Forretningsmessig tjenesteyting?
Solid Eiendomsdrift AS ranks 4,684 of 5,515 in Forretningsmessig tjenesteyting for 2023. Among companies in the Morning class Micro it is number 3,007 of 3,582.
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 MG Holdning AS. Persons are not shown by name.
MG Holdning 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
- Forretningsmessig tjenesteyting (2 companies), Handel (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
- 20 in all. Oslo 20 Registered employees in the Central Coordinating Register, by the municipality of the business address. Employees may work elsewhere.
- Negative equity
- 3 companies: Solid Eiendomsdrift AS, MG Holdning AS, Solid Auto AS
- Loss
- 3 companies: Solid Eiendomsdrift AS, MG Holdning AS, Solid Auto 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.
-
MG Holdning AS
- Solid Eiendomsdrift AS you are here
- Solid Auto 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.
From the Central Coordinating Register
- Org. no.
- 926419471
- Legal form
- AS
- Sector
- Forretningsmessig tjenesteyting (81.210)
- Purpose
- Rengjøring av bygninger, Oppussing og vedlikehold av eiendommer innvendig og utvendig samt det som står i naturlig forbindelse med dette. Utleie av egen eller leid fast eiendom ellers.
- Morning company class
- Micro
- Employees
- 20 registered 10 October 2026
- Founded
- 1 January 2021 5 years in operation
- Share capital
- 0.03 MNOK
- Business address
- Hovfaret 13, 0275 OSLO
- Municipality
- Oslo rank 63–220 of 357 in Norway
- Audit
- Audit opted out from 20 January 2021
- Latest accounts filed
- 2025
- VAT registered
- Yes
- Former names
- Megagruppen AS until 2022, Nfh 210139 AS until 2021
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 1 November 2026. Only names are shown.
Shareholders (2025)
- Number of shareholders
- 1 (one owner)
- Largest owner
- 100.0%
- Split
- companies 100% · private persons 0% · foreign 0%
- Owned from the same municipality
- 100%
- Group chain
-
Owned by: MG Holdning AS (100%)
Ultimate owner: private person
The owner: the majority owner MG Holdning AS (holds 100%) had negative equity in 2024. made a loss in 2024. 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.
- MG Holdning AS · 100.0%
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 | 23 | 42 | 6 | |
| Rank | 4,684 | 3,888 | 6,260 | |
| Operating margin | 1.5% | 7.1% | −23.9% | |
| Return on assets | 2.8% | 12.3% | −60.0% | |
| Equity ratio | −13.3% | −4.7% | −87.2% | |
| Current ratio | 0.59 | 0.42 | 0.54 | |
| Revenue growth | – | 6.0% | −32.1% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 3.9 MNOK | 4.2 MNOK | 2.8 MNOK |
| Operating profit | 0.1 MNOK | 0.3 MNOK | −0.7 MNOK |
| Profit before tax | 0.0 MNOK | 0.2 MNOK | −0.8 MNOK |
| Tax expense | 0.0 MNOK | 0.0 MNOK | – |
| Net profit | 0.0 MNOK | 0.2 MNOK | −0.8 MNOK |
| Financial expenses | 0.1 MNOK | 0.1 MNOK | 0.1 MNOK |
| Total assets | 2.1 MNOK | 2.4 MNOK | 1.1 MNOK |
| Current assets | 0.9 MNOK | 0.6 MNOK | 0.7 MNOK |
| Equity | −0.3 MNOK | −0.1 MNOK | −1.0 MNOK |
| Retained earnings | −0.3 MNOK | −0.1 MNOK | −1.0 MNOK |
| Total liabilities | 2.3 MNOK | 2.5 MNOK | 2.1 MNOK |
| Current liabilities | 1.5 MNOK | 1.5 MNOK | 1.3 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 5 November 2026, accounts id 5422057.
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