ELEVARE SOLUTION AS
Score · fiscal year 2024
37of 100
How to read this: the company is ahead of 28 % of small companies in the same sector in 2024. What does this mean?
Rank: 27,145 of 37,174 · Handel
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 56 and solidity 14 out of 100 among small companies in the same sector in 2024. Methodology
Against the sector
ELEVARE SOLUTION AS is 13 points below the median for small companies in the same sector in 2024.
Median score 50 among 34,771 companies.
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 0 MNOK | 4 MNOK |
| Operating margin | – | 2.2% |
| Profit margin | – | 2.0% |
| Return on assets | 6.1% | 3.7% |
| Equity ratio | 5.4% | 38.3% |
| Debt-to-equity | 17.53 | 0.97 |
| Current ratio | 1.62 | 1.68 |
| Revenue growth | −100.0% | 2.2% |
The median and “ahead of” refer to small companies in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
With an index of 37, ELEVARE SOLUTION AS does better than 28% of small companies in the same sector (34,888 companies) in 2024.
Score 2023–2025
- ELEVARE SOLUTION AS
- Median: small companies in the same sector
What the numbers say
ELEVARE SOLUTION AS had an operating margin of – and an equity ratio of 5.4% in 2024, and ranks 27,145 of 37,174 in Handel.
From 2023 to 2024: revenue fell by 100%.
This text is generated automatically from the 2024 accounts.
Three simple methods
The methods give between 0 MNOK and 0 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 0 MNOK |
| EV/EBIT | 8.0 | 0 MNOK |
| P/B | 1.0 | 0 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 equity ratio is very low. Could the company absorb a bad year, and does it need more equity?
Based on: Equity ratio 5.4% (median 38.3%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 2.8% 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.
Data quality
No anomalies found in the figures.
Scenario analysis: the sector's weakest year
We have no accounts for 2017, the sector's weakest year, for this company.
The sector's weakest year was 2017, with a median operating margin of −65.6%. Based on the 11 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 56 | weight 30% |
|---|---|---|
| Solidity | 14 | weight 25% |
| Liquidity | 48 | weight 15% |
| Growth | 1 | weight 15% |
| Consistency | 58 | weight 15% |
Durability: 36 (average over 2 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is ELEVARE SOLUTION AS?
The operating margin was – in 2024, against a median of 2.2% among small companies in the same sector. Return on assets was 6.1%.
How solid is ELEVARE SOLUTION AS?
The equity ratio was 5.4% in 2024 (median 38.3%). Debt-to-equity was 17.53 (median 0.97).
What is the liquidity of ELEVARE SOLUTION AS like?
The current ratio was 1.62 in 2024 (median 1.68).
How does ELEVARE SOLUTION AS compare in Handel?
ELEVARE SOLUTION AS ranks 27,145 of 37,174 in Handel for 2024. Among companies of the same size (small companies) it ranks 25,279 of 34,888. Revenue changed by −100.0% from the year before.
From the Central Coordinating Register
- Org. no.
- 926590391
- Legal form
- AS
- Sector
- Handel (47.520)
- Size tier
- small
- Employees
- 0–4 (not registered)
- Founded
- 19 January 2021 5 years in operation
- Share capital
- 0.03 MNOK
- Business address
- Østre Grenstøl 22, 4900 TVEDESTRAND
- Municipality
- Tvedestrand rank 23–36 of 40 in KOSTRA group 1
- Audit
- Audit opted out from 15 February 2021
- 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
- Geir Byvold
- Chair of the board
- Geir Byvold
- Accountant
- TVEDESTRAND REGNSKAPSBYRÅ AS
Source: Central Coordinating Register, fetched 29 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 27 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 36 | 37 | 4 | |
| Rank | 24,901 | 27,145 | 38,076 | |
| Operating margin | 5.4% | – | – | |
| Return on assets | 7.1% | 6.1% | −20,976.6% | |
| Equity ratio | 4.4% | 5.4% | −19,920.7% | |
| Current ratio | 1.05 | 1.62 | 0.01 | |
| Revenue growth | – | −100.0% | – |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 1.1 MNOK | 0.0 MNOK | −1.1 MNOK |
| Operating profit | 0.1 MNOK | 0.1 MNOK | −1.3 MNOK |
| Profit before tax | 0.0 MNOK | 0.0 MNOK | −1.3 MNOK |
| Net profit | 0.0 MNOK | 0.0 MNOK | −1.3 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Total assets | 0.8 MNOK | 1.3 MNOK | 0.0 MNOK |
| Current assets | 0.8 MNOK | 1.3 MNOK | 0.0 MNOK |
| Equity | 0.0 MNOK | 0.1 MNOK | −1.3 MNOK |
| Retained earnings | 0.0 MNOK | 0.0 MNOK | −1.3 MNOK |
| Total liabilities | 0.8 MNOK | 1.2 MNOK | 1.3 MNOK |
| Current liabilities | 0.8 MNOK | 0.8 MNOK | 0.8 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 27 October 2026, accounts id 5806131.
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