Ringebu Sentrum 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 same sector. Green is better than most, amber about like the industry and red weaker than most.
- Profitability · operating margin −5.8% Weaker than the industry Industry: 47.7%
- Returns · return on assets −0.6% Weaker than the industry Industry: 7.8%
- Solidity · equity ratio −7.9% Weaker than the industry Industry: 27.9%
- Liquidity · current ratio 0.15 Weaker than the industry Industry: 1.40
- Growth · revenue growth 5.8% Better than the industry Industry: 3.3%
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 2025
Not enough data: Not enough data (below minimum revenue)
Based on the annual accounts for 2025
How it has gone · 2023–2025
Revenue rose by 224 % from 2023 to 2025, to 0.2 MNOK. The operating margin rose from −45.8% in 2023 to −5.8% in 2025. The equity ratio fell from −4.4% in 2023 to −7.9% 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 | 0.1 MNOK | 0.2 MNOK | 0.2 MNOK |
| Operating profit | 0.0 MNOK | −0.1 MNOK | 0.0 MNOK |
| Net profit | −0.1 MNOK | −0.2 MNOK | −0.1 MNOK |
| Total assets | 2.4 MNOK | 2.7 MNOK | 2.4 MNOK |
| Equity | −0.1 MNOK | −0.1 MNOK | −0.2 MNOK |
| Total liabilities | 2.5 MNOK | 2.8 MNOK | 2.5 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.
- 931319728
- Legal form
- AS
- Sector
- Eiendom (68.200)
- Purpose
- Investering, utvikling og utleie av fast eiendom. Selskapet kan eie aksjer i andre selskaper.
- Morning company class
- Micro
- Employees
- 0–4 (not registered)
- Founded
- 17 April 2023 3 years in operation
- Share capital
- 0.03 MNOK
- Business address
- Birivegen 175, 2836 BIRI (GJØVIK)
- Municipality
- Gjøvik rank 6–10 of 13 in KOSTRA group 10
- Audit
- Audit opted out from 2 May 2023
- Latest accounts filed
- 2025
- VAT registered
- No
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 −7.9% (median 27.9%).
- critical
Consider strengthening liquidity: current liabilities are 6.7 times current assets.
Based on: Current ratio 0.15 (median 1.40).
- 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) −0.1 (median 1.8); Financial costs as a share of debt 4.0% (median 5.0%).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −48.0% (median 24.4%).
- watch
The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors?
Based on: Operating margin −5.8% (median 47.7%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 4.0% of the debt in 2025. The policy rate averaged 4.30 % 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 15.0%. Based on the 10 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 0 MNOK | 2 MNOK |
| Operating margin | −5.8% | 47.7% |
| Profit margin | −48.0% | 24.4% |
| Return on assets | −0.6% | 7.8% |
| Equity ratio | −7.9% | 27.9% |
| Debt-to-equity | – | 2.10 |
| Current ratio | 0.15 | 1.40 |
| Revenue growth | 5.8% | 3.3% |
The median and “ahead of” refer to companies in the same sector in 2025. 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.
Working capital and debt
| Measure | Company | Median | |
|---|---|---|---|
| Working capital | |||
| Receivable days All current receivables, including those on group companies, in days of revenue. |
68 days | 40 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 | |
| Net working capital to revenue Current assets less bank deposits less current liabilities, divided by revenue. Negative: short-term debt funds the operations. |
– | −12.4% | |
| Cash share of current assets How much of the short-term buffer is bank deposits and cash. |
– | 54.9% | |
| 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. |
−0.1 | 1.8 | |
| 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. |
4.0% | 5.0% | |
| Long-term share of debt Long-term debt as a share of all debt. A low share means more falls due within a year. |
88.1% | 87.8% | |
The operating result is negative, so the interest coverage is negative: operations cover none of the financial costs.
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 same sector in 2025. 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
The accounts for 2025 lack the figures needed.
The industry or the company: what drove the result?
In 2025 the operating margin of Ringebu Sentrum AS rose by 47.6 percentage points. Comparable companies rose by a median 0.7 points. So the company did 46.9 points better than the industry, for reasons of its own.
Over 2 year-to-year changes Ringebu Sentrum AS moved the same way as comparable companies 1 times. About 3% of the changes in operating margin were common to the industry; the rest was the company's own.
| Year | The company | Comparable (median) | Change, company | Change, industry | The company's own |
|---|---|---|---|---|---|
| 2024 | −53.4% | 46.9% | −7.7 percentage points | +0.9 percentage points | −8.6 percentage points |
| 2025 | −5.8% | 47.7% | +47.6 percentage points | +0.7 percentage points | +46.9 percentage points |
Comparable companies are those in the same industry and Morning company class. Their change shows what hit the whole industry, the sector drivers below included. The rest is the company's own: contracts, costs, one-off items or operations. The share is approximate, and we claim no cause.
The company and its sector's drivers
Prices, rate and currency that shape the sector's year, year by year beside the operating margin of Ringebu Sentrum AS. The figures stand side by side; we claim no cause.
House prices (existing homes) (indeks (2015 = 100))
House prices (existing homes) rose 5.5% in 2025; the operating margin of Ringebu Sentrum AS rose 47.6 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| House prices (existing homes), annual average | 134.5 | 141.6 | 140.8 | 144.6 | 152.5 | 158.7 (so far) |
| Change from the year before | +10.5% | +5.2% | −0.5% | +2.7% | +5.5% | +4.1% |
| The company's operating margin | – | – | −45.8% | −53.4% | −5.8% | – |
Source: SSB (07221, CC BY 4.0). Source
Policy rate (prosent)
Policy rate fell 0.20 percentage points in 2025; the operating margin of Ringebu Sentrum AS rose 47.6 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Policy rate, annual average | 0.08 | 1.32 | 3.54 | 4.50 | 4.30 | 4.17 (so far) |
| Change from the year before | −0.28 percentage points | +1.24 percentage points | +2.22 percentage points | +0.96 percentage points | −0.20 percentage points | −0.12 percentage points |
| The company's operating margin | – | – | −45.8% | −53.4% | −5.8% | – |
Source: Norges Bank (IR, NLOD 2.0). Source
Construction cost index for dwellings (indeks (2015 = 100))
Construction cost index for dwellings rose 4.3% in 2025; the operating margin of Ringebu Sentrum AS rose 47.6 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Construction cost index for dwellings, annual average | 124.2 | 135.1 | 141.1 | 146.4 | 152.7 | 158.7 (so far) |
| Change from the year before | +8.7% | +8.8% | +4.4% | +3.7% | +4.3% | +3.9% |
| The company's operating margin | – | – | −45.8% | −53.4% | −5.8% | – |
Source: SSB (08651, CC BY 4.0). Source
Consumer price index (indeks (2025 = 100))
Consumer price index rose 3.0% in 2025; the operating margin of Ringebu Sentrum AS rose 47.6 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Consumer price index, annual average | 84.3 | 89.2 | 94.1 | 97.0 | 100.0 | 103.0 (so far) |
| Change from the year before | +3.5% | +5.8% | +5.5% | +3.2% | +3.0% | +3.0% |
| The company's operating margin | – | – | −45.8% | −53.4% | −5.8% | – |
Source: SSB (14710, CC BY 4.0). Source
Wage index: real estate (indeks)
Wage index: real estate rose 5.2% in 2025; the operating margin of Ringebu Sentrum AS rose 47.6 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Wage index: real estate, annual average | 91.7 | 94.3 | 96.8 | 103.2 | 108.5 | 111.3 (so far) |
| Change from the year before | +5.2% | +2.9% | +2.6% | +6.5% | +5.2% | +2.6% |
| The company's operating margin | – | – | −45.8% | −53.4% | −5.8% | – |
Source: SSB (12314, CC BY 4.0). Source
We show the drivers and the margin side by side and claim no cause. Sensitivity per company is not computed until we have at least 10 years of accounts per company: with three years such figures are false precision.
What the numbers say
Ringebu Sentrum AS had an equity ratio of −7.9% in 2025. The company is not ranked: not enough data (below minimum revenue).
From 2024 to 2025: the operating margin rose from −53.4% to −5.8% and the equity ratio fell from −2.6% to −7.9%.
This text is generated automatically from the 2025 accounts.
Three simple methods
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.5 | not meaningful |
| EV/EBIT | 19.2 | not meaningful |
| P/B | 0.7 | not meaningful |
The multiples are from the listed industry that matches the NACE code (68.2): R.E.I.T..
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
- Equity paid out or paid in
- Equity moved as the result implied in 2025.
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.
- 0 of 1 on the board are 60 or older.
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 Ringebu Sentrum AS?
The operating margin was −5.8% in 2025, against a median of 47.7% among companies in the same sector. Return on assets was −0.6%. The company made a loss before tax.
How solid is Ringebu Sentrum AS?
The equity ratio was −7.9% in 2025 (median 27.9%). Equity is negative, so liabilities exceed assets.
What is the liquidity of Ringebu Sentrum AS like?
The current ratio was 0.15 in 2025 (median 1.40). Current assets did not cover current liabilities.
Group structure · 2025
35 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.
Miramare Campione SRL (foreign company) owns 100% of the shares in Miramare Capital AS.
Group accounts. Miramare Capital AS for 2023: index 53 of 100, number 122 of 286 groups. See the group accounts
The group in figures
- Sectors
- Forretningsmessig tjenesteyting (1 company), Eiendom (31 companies), Kultur og fritid (1 company), Handel (1 company), Jordbruk og skogbruk (1 company) 35 of 35 companies in the tree have accounts with us. Sectors are sorted by the companies' own revenue, which includes sales between the group's companies.
- Negative equity
- 12 companies: Holthesvei 2 AS, Ringebu Sentrum AS, Grønnegata Parkering AS, His Bydelsenter AS, Gimle Brug AS, Miramare Parkering AS …
- Loss
- 17 companies: Eiendom Lillehammer AS, Ringebu Sentrum AS, Grønnegata Parkering AS, Svai Eiendom Brokelandsheia AS, His Bydelsenter AS, Gimle Brug AS …
- Changed 2024–2025
- 2 companies joined the group: Svennes Gård Skogeiendom AS, Brokelandsheia Hotell 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.
-
Miramare Capital AS
- Ringebu Sentrum AS you are here
- Scuderia Corsa AS
- Hovtunsenteret AS
- Eiendom Lillehammer AS
- Ringebu Sentrum Eiendom AS
- Hageveien 8 AS
- Asker Handelseiendom AS
- Tag Eiendom AS
- Ljabrubakken 1 AS
- Gimle Brygger AS
- Grønnegata Parkering AS
- BC Interiør & Design AS
- and 10 more companies
The tree shows up to 4 levels below the top. Large groups have more companies than shown.
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 5 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: Miramare Capital AS (100%)
Ultimate owner: MIRAMARE CAMPIONE SRL
- Miramare Capital 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 9 November 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | – | – | – | |
| Rank | – | – | – | |
| Operating margin | −45.8% | −53.4% | −5.8% | |
| Return on assets | −1.4% | −4.4% | −0.6% | |
| Equity ratio | −4.4% | −2.6% | −7.9% | |
| Current ratio | 0.15 | 1.59 | 0.15 | |
| Revenue growth | – | 206.6% | 5.8% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 0.1 MNOK | 0.2 MNOK | 0.2 MNOK |
| Operating profit | 0.0 MNOK | −0.1 MNOK | 0.0 MNOK |
| Profit before tax | −0.1 MNOK | −0.3 MNOK | −0.1 MNOK |
| Tax expense | 0.0 MNOK | −0.1 MNOK | 0.0 MNOK |
| Net profit | −0.1 MNOK | −0.2 MNOK | −0.1 MNOK |
| Financial expenses | 0.1 MNOK | 0.2 MNOK | 0.1 MNOK |
| Total assets | 2.4 MNOK | 2.7 MNOK | 2.4 MNOK |
| Current assets | 0.0 MNOK | 0.4 MNOK | 0.0 MNOK |
| Equity | −0.1 MNOK | −0.1 MNOK | −0.2 MNOK |
| Retained earnings | −0.1 MNOK | −0.1 MNOK | −0.2 MNOK |
| Total liabilities | 2.5 MNOK | 2.8 MNOK | 2.5 MNOK |
| Current liabilities | 0.1 MNOK | 0.2 MNOK | 0.3 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 9 November 2026, accounts id 6926540.