HOFSETH DEVELOPMENT AS
Score · fiscal year 2024
Not enough data: Revenue not reported
Based on the annual accounts for 2024
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating margin | – | 8.7% |
| Profit margin | – | 4.5% |
| Return on assets | −0.4% | 5.8% |
| Equity ratio | 19.8% | 33.3% |
| Debt-to-equity | 4.05 | 1.72 |
| Current ratio | 0.25 | 1.66 |
| Revenue growth | – | 1.1% |
The median and “ahead of” refer to companies in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
Score over time
Score over time needs at least two fiscal years with a score. It will appear when next year's figures are fetched or history is imported.
What the numbers say
HOFSETH DEVELOPMENT AS had an equity ratio of 19.8% in 2024. The company is not ranked: revenue not reported.
From 2023 to 2024: the equity ratio fell from 78.8% to 19.8%.
This text is generated automatically from the 2024 accounts.
Three simple methods
One method gives a figure: 69 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 69 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
- critical
Consider strengthening liquidity: current liabilities are 4.0 times current assets.
Based on: Current ratio 0.25 (median 1.66).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin – (median 4.5%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 3.3% 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
- watch Revenue not reported
- watch No revenue but large assets
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 −0.5%. Based on the 10 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
Questions and answers
How profitable is HOFSETH DEVELOPMENT AS?
The operating margin was – in 2024, against a median of 8.7% among companies in the same sector. Return on assets was −0.4%. The company made a loss before tax.
How solid is HOFSETH DEVELOPMENT AS?
The equity ratio was 19.8% in 2024 (median 33.3%). Debt-to-equity was 4.05 (median 1.72).
What is the liquidity of HOFSETH DEVELOPMENT AS like?
The current ratio was 0.25 in 2024 (median 1.66). Current assets did not cover current liabilities.
From the Central Coordinating Register
- Org. no.
- 928699994
- Legal form
- AS
- Sector
- Sjømat (03.211)
- Employees
- 0–4 (not registered)
- Founded
- 19 January 2022 4 years in operation
- Share capital
- 1.45 MNOK
- Business address
- Kipervikgata 13, 6003 ÅLESUND
- Municipality
- Ålesund rank 2–6 of 10 in KOSTRA group 11
- 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
- Chair of the board
- Roger Hofseth
- Board member
- Svein Flølo
- Board member
- Svein Arne Myhre
- Auditor
- TELL NORGE 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 | 44 | – | – | |
| Rank | 1,237 | – | – | |
| Operating margin | −99.5% | – | – | |
| Return on assets | −1.6% | −0.4% | −0.1% | |
| Equity ratio | 78.8% | 19.8% | 61.7% | |
| Current ratio | 1.18 | 0.25 | 0.43 | |
| Revenue growth | – | – | – |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 4.9 MNOK | – | 0.0 MNOK |
| Operating profit | −4.8 MNOK | −1.8 MNOK | −0.9 MNOK |
| Profit before tax | −7.9 MNOK | −11.0 MNOK | −0.4 MNOK |
| Net profit | −7.9 MNOK | −11.0 MNOK | −0.4 MNOK |
| Financial expenses | 3.1 MNOK | 9.4 MNOK | 0.0 MNOK |
| Total assets | 305.1 MNOK | 350.3 MNOK | 371.1 MNOK |
| Current assets | 9.1 MNOK | 9.7 MNOK | 7.3 MNOK |
| Equity | 240.4 MNOK | 69.4 MNOK | 229.0 MNOK |
| Retained earnings | – | – | – |
| Total liabilities | 64.8 MNOK | 280.9 MNOK | 142.1 MNOK |
| Current liabilities | 7.7 MNOK | 38.3 MNOK | 17.1 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 27 October 2026, accounts id 6299281.