ENSO DENMARK AS

Org. no. 931635212 · HORTEN · Founded 2023

Score · fiscal year 2023

16of 100

How to read this: the company is ahead of 11 % of companies in the Morning class Micro in the same sector in 2023. What does this mean?

Rank in the Morning class Micro: 9,490 of 10,662 · What are Morning company classes?
Place in the whole sector: 19,270 of 21,216 · Handel

Profile

Beaver · Builder

Lower profitability, lower solidity

Position against comparable companies in 2023, 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 2023. Methodology

Against the sector

ENSO DENMARK AS is 34 points below the median for companies in the Morning class Micro in the same sector in 2023.

Median score 50 among 10,653 companies.

Against companies in the Morning class Micro in the same sector in 2023: operating margin −0.8% (median 2.6%) and equity ratio −16.5% (median 35.8%).

Source: Register of Company Accounts and Central Coordinating RegisterFetched 27 October 2026Report an issue
Key figures · 2023

The numbers behind the score

The numbers behind the score · 2023
MeasureCompanyMedianAhead of
Operating revenue4 MNOK4 MNOK
Operating margin −0.8% 2.6% 31 %
Profit margin −2.2% 2.1% shown, not part of the index
Return on assets −2.3% 5.8% 29 %
Equity ratio −16.5% 35.8% 12 %
Debt-to-equity – 1.24 not compared
Current ratio 0.86 1.79 14 %
Revenue growth – 6.5% not compared

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 16, ENSO DENMARK AS does better than 11% of companies in the Morning class Micro in the same sector (10,662 companies) in 2023.

Over time

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.

Analysis · 2023

What the numbers say

ENSO DENMARK AS had an operating margin of −0.8% and an equity ratio of −16.5% in 2023, and ranks 19,270 of 21,216 in Handel.

This text is generated automatically from the 2023 accounts.

Estimated value · 2023

Three simple methods

MethodInputMultipleEstimate
P/E Net profit: −0.1 MNOK 10.0 not meaningful
EV/EBIT Operating profit: 0.0 MNOK 8.0 not meaningful
P/B Equity: −0.1 MNOK 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

Indications · 2023

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 −16.5% (median 35.8%).

  • watch

    Consider strengthening liquidity: current liabilities are 1.2 times current assets.

    Based on: Current ratio 0.86 (median 1.79).

  • watch

    The company made a loss before tax. Are these one-off items or a pattern?

    Based on: Profit margin −2.2% (median 2.1%).

Indications based on the latest annual accounts from open data. Not investment or financial advice.

Financial costs were 13.3% 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.

Data quality

  • critical Negative equity
Stress test · 2022

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

Components · 2023

What the score is made of

Profitability30 weight 30%
Solidity0 weight 25%
Liquidity14 weight 15%
Growth– no data, left out
Consistency16 weight 15%

Index version 2. Data completeness 85%: the share of the weights that had data.

2023

Questions and answers

How profitable is ENSO DENMARK AS?

The operating margin was −0.8% in 2023, against a median of 2.6% among companies in the Morning class Micro in the same sector. Return on assets was −2.3%. The company made a loss before tax.

How solid is ENSO DENMARK AS?

The equity ratio was −16.5% in 2023 (median 35.8%). Equity is negative, so liabilities exceed assets.

What is the liquidity of ENSO DENMARK AS like?

The current ratio was 0.86 in 2023 (median 1.79). Current assets did not cover current liabilities.

How does ENSO DENMARK AS compare in Handel?

ENSO DENMARK AS ranks 19,270 of 21,216 in Handel for 2023. Among companies in the Morning class Micro it is number 9,490 of 10,662.

From the Central Coordinating Register

Org. no.
931635212
Legal form
AS
Sector
Handel (46.830)
Morning company class
Micro
Employees
0–4 (not registered)
Founded
15 May 2023 3 years in operation
Share capital
0.03 MNOK
Business address
c/o Enso Norway AS, Orrfuglstien 30, 3189 HORTEN
Municipality
Horten rank 20–27 of 27 in KOSTRA group 9
Audit
Audit opted out from 11 August 2023
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
Flemming Aarslev Videbæk
Accountant
ALFA PLUSS 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.

Report an issue

Figures last fetched 27 October 2026.

Details

Year by year · 2023–2025

Key figure202320242025Trend
Index16––
Rank19,270––
Operating margin−0.8%75.2%–
Return on assets−2.3%1,931.2%−594.5%
Equity ratio−16.5%45.6%−510.2%
Current ratio0.861.840.17
Revenue growth–−98.4%−100.0%

Accounts

From the Brønnøysund Register Centre, in the company's reporting currency (NOK).

Key figure202320242025
Operating revenue4.1 MNOK0.1 MNOK0.0 MNOK
Operating profit0.0 MNOK0.1 MNOK0.0 MNOK
Profit before tax−0.1 MNOK0.1 MNOK0.0 MNOK
Net profit−0.1 MNOK0.1 MNOK0.0 MNOK
Financial expenses0.1 MNOK0.0 MNOK0.0 MNOK
Total assets0.5 MNOK0.0 MNOK0.0 MNOK
Current assets0.5 MNOK0.0 MNOK0.0 MNOK
Equity−0.1 MNOK0.0 MNOK0.0 MNOK
Retained earnings−0.1 MNOK0.0 MNOK0.0 MNOK
Total liabilities0.6 MNOK0.0 MNOK0.0 MNOK
Current liabilities0.6 MNOK0.0 MNOK0.0 MNOK

Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 27 October 2026, accounts id 4646629.

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