Balion AS
Score · fiscal year 2024
27of 100
How to read this: the company is ahead of 17 % of companies in the Morning class Micro in the same sector in 2024. What does this mean?
Rank in the Morning class Micro: 9,222 of 11,149 · What are Morning company classes?
Place in the whole sector: 18,871 of 22,333 · Handel
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 30 and solidity 0 out of 100 among companies in the Morning class Micro in the same sector in 2024. Methodology
Against the sector
Balion AS is 23 points below the median for companies in the Morning class Micro in the same sector in 2024.
Median score 50 among 11,142 companies.
Against companies in the Morning class Micro in the same sector in 2024: operating margin −1.0% (median 2.3%) and equity ratio −36.7% (median 35.1%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 8 MNOK | 4 MNOK |
| Operating margin | −1.0% | 2.3% |
| Profit margin | −2.2% | 1.9% |
| Return on assets | −2.9% | 5.6% |
| Equity ratio | −36.7% | 35.1% |
| Debt-to-equity | – | 1.22 |
| Current ratio | 0.55 | 1.76 |
| Revenue growth | 64.2% | 2.8% |
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 27, Balion AS does better than 17% of companies in the Morning class Micro in the same sector (11,149 companies) in 2024.
Score 2023–2025
- Balion AS
- Median: companies in the Morning class Micro in the same sector
What the numbers say
Balion AS had an operating margin of −1.0% and an equity ratio of −36.7% in 2024, and ranks 18,871 of 22,333 in Handel.
From 2023 to 2024: went from a profit to a loss before tax and revenue grew by 64%.
This text is generated automatically from the 2024 accounts.
Three simple methods
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | not meaningful |
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
- critical
Equity is negative. How will it be rebuilt, and what do lenders and the auditor say about going concern?
Based on: Equity ratio −36.7% (median 35.1%).
- watch
Consider strengthening liquidity: current liabilities are 1.8 times current assets.
Based on: Current ratio 0.55 (median 1.76).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −2.2% (median 1.9%).
- watch
Strong growth with weak liquidity. Is the growth financed, or does it tie up capital the company does not have?
Based on: Revenue growth 64.2% (median 2.8%); Current ratio 0.55 (median 1.76).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 5.5% 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 1.5%. 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 | 30 | weight 30% |
|---|---|---|
| Solidity | 0 | weight 25% |
| Liquidity | 8 | weight 15% |
| Growth | 89 | weight 15% |
| Consistency | 26 | weight 15% |
Durability: 31 (average over 2 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Balion AS?
The operating margin was −1.0% in 2024, against a median of 2.3% among companies in the Morning class Micro in the same sector. Return on assets was −2.9%. The company made a loss before tax.
How solid is Balion AS?
The equity ratio was −36.7% in 2024 (median 35.1%). Equity is negative, so liabilities exceed assets.
What is the liquidity of Balion AS like?
The current ratio was 0.55 in 2024 (median 1.76). Current assets did not cover current liabilities.
How does Balion AS compare in Handel?
Balion AS ranks 18,871 of 22,333 in Handel for 2024. Among companies in the Morning class Micro it is number 9,222 of 11,149. Revenue changed by 64.2% from the year before.
From the Central Coordinating Register
- Org. no.
- 928022870
- Legal form
- AS
- Sector
- Handel (47.710)
- Morning company class
- Micro
- Employees
- 0–4 (not registered)
- Founded
- 4 October 2021 5 years in operation
- Share capital
- 0.15 MNOK
- Business address
- Rabben 65, 5108 HORDVIK (BERGEN)
- Municipality
- Bergen rank 8 of 11 in KOSTRA group 12
- 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
- Therese Ariane Sundbotten Lilletvedt
- Chair of the board
- Therese Ariane Sundbotten Lilletvedt
- Board member
- Marius Lilletvedt
- Auditor
- Revisorgruppen Fjordane AS
- Accountant
- Ecit OS AS
- Accountant
- Leif Kielsen Regnskapskontor 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 | 35 | 27 | 25 | |
| Rank | 15,155 | 18,871 | 20,062 | |
| Operating margin | 11.7% | −1.0% | −28.3% | |
| Return on assets | 38.3% | −2.9% | −47.6% | |
| Equity ratio | −29.1% | −36.7% | 48.6% | |
| Current ratio | 0.84 | 0.55 | 1.21 | |
| Revenue growth | – | 64.2% | −45.2% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 5.0 MNOK | 8.2 MNOK | 4.5 MNOK |
| Operating profit | 0.6 MNOK | −0.1 MNOK | −1.3 MNOK |
| Profit before tax | 0.6 MNOK | −0.2 MNOK | −1.3 MNOK |
| Net profit | 0.5 MNOK | −0.2 MNOK | −1.3 MNOK |
| Financial expenses | 0.0 MNOK | 0.1 MNOK | 0.1 MNOK |
| Total assets | 1.6 MNOK | 1.7 MNOK | 2.6 MNOK |
| Current assets | 1.6 MNOK | 0.9 MNOK | 2.6 MNOK |
| Equity | −0.5 MNOK | −0.6 MNOK | 1.2 MNOK |
| Retained earnings | −0.5 MNOK | −0.7 MNOK | −1.9 MNOK |
| Total liabilities | 2.0 MNOK | 2.4 MNOK | 2.1 MNOK |
| Current liabilities | 1.9 MNOK | 1.7 MNOK | 2.1 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 27 October 2026, accounts id 5906247.
Further
Similar companies
- Åseral Bensin AS index 28, rank 18,866 · compare
- Jkt AS index 27, rank 18,867 · compare
- Kontor og Kaffe AS index 27, rank 18,869 · compare
- Stabekk Optiske AS index 27, rank 18,872 · compare
- Dundrun AS index 27, rank 18,873 · compare