Eigarskifter 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
Score · fiscal year 2025
39of 100
How to read this: the company is ahead of 27 % of companies in the Morning class Micro in the same sector in 2025. What does this mean?
Rank in the Morning class Micro: 3,856 of 5,281 · What are Morning company classes?
Place in the whole sector: 4,843 of 6,603 · Revisjon, regnskap og rådgivning
Profile
Beaver · Builder
Lower profitability, lower resilience
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 32 and resilience 33 out of 100 among companies in the Morning class Micro in the same sector in 2025. Methodology
Against the sector
Eigarskifter AS is 12 points below the median for companies in the Morning class Micro in the same sector in 2025.
Median score 51 among 5,279 companies.
Against companies in the Morning class Micro in the same sector in 2025: operating margin 3.3% (median 11.4%) and equity ratio 21.0% (median 44.0%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 4 MNOK | 3 MNOK |
| Operating margin | 3.3% | 11.4% |
| Profit margin | 2.9% | 12.4% |
| Return on assets | 8.3% | 18.5% |
| Equity ratio | 21.0% | 44.0% |
| Debt-to-equity | 3.75 | 1.09 |
| Current ratio | 2.08 | 1.68 |
| Revenue growth | 0.5% | 6.5% |
The median and “ahead of” refer to companies in the Morning class Micro in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 39, Eigarskifter AS does better than 27% of companies in the Morning class Micro in the same sector (5,281 companies) in 2025.
Score 2024–2025
- Eigarskifter AS
- Median: companies in the Morning class Micro in the same sector
Working capital and debt
| Measure | Company | Median | |
|---|---|---|---|
| Working capital | |||
| Receivable days All current receivables, including those on group companies, in days of revenue. |
61 days | 52 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 | 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. |
−1.5% | −7.1% | |
| Cash share of current assets How much of the short-term buffer is bank deposits and cash. |
55.9% | 54.7% | |
| 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. |
6.7 | 28.2 | |
| 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. |
1.5% | 0.4% | |
| Long-term share of debt Long-term debt as a share of all debt. A low share means more falls due within a year. |
43.4% | 1.6% | |
Net working capital (current assets less bank deposits less current liabilities): −0.1 MNOK.
Of the financial costs of 0.0 MNOK, 0.0 MNOK is reported as interest costs in the accounts.
The median and the bar refer to companies in the Morning class Micro 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.
Eigarskifter AS has a score of 39 for 2025, rank 4,843 of 6,603 in the sector.
Strongest: Liquidity: percentile 61 against peers, current ratio 2.08 against a median of 1.68.
Weakest: Solidity: percentile 25 against peers, equity ratio 21.0% against a median of 44.0%. Profitability: percentile 32 against peers, operating margin 3.3% against a median of 11.4%.
Worth a closer look
- What lies behind weak solidity, and will it last?
- What lies behind weak profitability, and will it last?
- The change in operating margin in 2025 was 11.1 percentage points better than for comparable companies: the company +10.7, the industry −0.4 points. That is the company's own, not something that hit the whole industry.
Written by fixed rules from the figures. Describes the figures, does not explain causes. Not investment or financial advice. How the summary is made
The industry or the company: what drove the result?
In 2025 the operating margin of Eigarskifter AS rose by 10.7 percentage points. Comparable companies fell by a median 0.4 points. So the company did 11.1 points better than the industry, for reasons of its own.
| Year | The company | Comparable (median) | Change, company | Change, industry | The company's own |
|---|---|---|---|---|---|
| 2025 | 3.3% | 11.4% | +10.7 percentage points | −0.4 percentage points | +11.1 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 Eigarskifter AS. The figures stand side by side; we claim no cause.
Turnover index: legal and accounting activities (indeks (2021 = 100))
Turnover index: legal and accounting activities rose 4.8% in 2025; the operating margin of Eigarskifter AS rose 10.7 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Turnover index: legal and accounting activities, annual average | 100.4 | 107.7 | 127.0 | 135.2 | 141.7 | 149.6 (so far) |
| Change from the year before | +8.7% | +7.3% | +17.9% | +6.4% | +4.8% | +5.5% |
| The company's operating margin | – | – | – | −7.4% | 3.3% | – |
Source: SSB (13863, CC BY 4.0). Source
Turnover index: management consultancy (indeks (2021 = 100))
Turnover index: management consultancy rose 6.5% in 2025; the operating margin of Eigarskifter AS rose 10.7 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Turnover index: management consultancy, annual average | 99.4 | 104.0 | 114.9 | 116.0 | 123.6 | 128.7 (so far) |
| Change from the year before | +17.3% | +4.6% | +10.5% | +1.0% | +6.5% | +4.1% |
| The company's operating margin | – | – | – | −7.4% | 3.3% | – |
Source: SSB (13863, CC BY 4.0). Source
Service prices: legal and accounting (indeks (2021 = 100))
Service prices: legal and accounting rose 4.9% in 2025; the operating margin of Eigarskifter AS rose 10.7 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Service prices: legal and accounting, annual average | 100.0 | 104.8 | 111.8 | 117.4 | 123.2 | 127.0 (so far) |
| Change from the year before | +3.4% | +4.8% | +6.7% | +5.0% | +4.9% | +3.1% |
| The company's operating margin | – | – | – | −7.4% | 3.3% | – |
Source: SSB (14335, CC BY 4.0). Source
Consumer price index (indeks (2025 = 100))
Consumer price index rose 3.0% in 2025; the operating margin of Eigarskifter AS rose 10.7 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 | – | – | – | −7.4% | 3.3% | – |
Source: SSB (14710, CC BY 4.0). Source
Policy rate (prosent)
Policy rate fell 0.20 percentage points in 2025; the operating margin of Eigarskifter AS rose 10.7 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 | – | – | – | −7.4% | 3.3% | – |
Source: Norges Bank (IR, NLOD 2.0). Source
Wage index: legal and accounting (indeks)
Wage index: legal and accounting rose 5.4% in 2025; the operating margin of Eigarskifter AS rose 10.7 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Wage index: legal and accounting, annual average | 86.2 | 89.8 | 93.9 | 99.1 | 104.4 | 108.4 (so far) |
| Change from the year before | +5.1% | +4.3% | +4.5% | +5.6% | +5.4% | +3.8% |
| The company's operating margin | – | – | – | −7.4% | 3.3% | – |
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
Eigarskifter AS had an operating margin of 3.3% and an equity ratio of 21.0% in 2025, and ranks 4,843 of 6,603 in Revisjon, regnskap og rådgivning.
From 2024 to 2025: went from a loss to a profit before tax and the operating margin rose from −7.4% to 3.3%.
This text is generated automatically from the 2025 accounts.
Three simple methods
One method gives a figure: 1 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 22.4 | not meaningful |
| EV/EBIT | 17.4 | not meaningful |
| P/B | 4.1 | 1 MNOK |
The listed basis is the value at listed multiples. The estimate is lowered for size: a small-company premium of 4% on the cost of equity gives a value 38% lower. No separate marketability discount is applied, because the premium already allows for the company being small and unlisted.
The NACE code has no listed industry of its own in the table, so the multiples are the sector median: Business & Consumer Services.
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
Worth a closer look
No rules were triggered for this year.
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 1.5% 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
No anomalies found in the figures.
Scenario analysis: the sector's weakest year
We have no accounts for 2026, the sector's weakest year, for this company.
The sector's weakest year was 2026, with a median operating margin of 6.4%. Based on the 9 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 32 | weight 40% |
|---|---|---|
| Solidity | 25 | weight 20% |
| Liquidity | 61 | weight 5% |
| Growth | 58 | weight 25% |
| Consistency | 34 | weight 10% |
Three goals: profitability 40%, growth 25%, resilience 35%. Why these weights?
Durability: 26 (average over 2 years)
Index version 3. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Eigarskifter AS?
The operating margin was 3.3% in 2025, against a median of 11.4% among companies in the Morning class Micro in the same sector. Return on assets was 8.3%.
How solid is Eigarskifter AS?
The equity ratio was 21.0% in 2025 (median 44.0%). Debt-to-equity was 3.75 (median 1.09).
What is the liquidity of Eigarskifter AS like?
The current ratio was 2.08 in 2025 (median 1.68).
How does Eigarskifter AS compare in Revisjon, regnskap og rådgivning?
Eigarskifter AS ranks 4,843 of 6,603 in Revisjon, regnskap og rådgivning for 2025. Among companies in the Morning class Micro it is number 3,856 of 5,281. Revenue changed by 0.5% from the year before.
Competitors
The 8 closest competitors in the same line of business, placed in the same matrix as the sector page: profitability up, resilience to the right. These are the companies the competitor analysis and the strategy report compare with.
Each bubble is a company: this company and its closest competitors in the same line of business and size, the same ones the competitor analysis uses. Placement is 0–100 against the whole sector and Morning company class: further right is more robust, higher up is more profitable. Bubble size is revenue. The light bubble and arrow show where the company stood the year before. Pick a profile to see fewer at a time.
| Company | Profile | Operating revenue | Operating margin | Score |
|---|---|---|---|---|
| Noctua AS |  Cheetah |
4 MNOK | 30.1% | 55 |
| Enske AS | Cheetah |
4 MNOK | 9.5% | 56 |
| Finance Resources AJ AS | Cheetah |
4 MNOK | 24.7% | 60 |
| Brustind Invest AS |  Lion |
4 MNOK | 84.4% | 78 |
| Takova AS |  Beaver |
4 MNOK | −11.6% | 17 |
| Eigarskifter AS (this company) | Beaver |
4 MNOK | 3.3% | 39 |
| Fnp6 Kontorfellesskap AS | Beaver |
4 MNOK | 0.6% | 24 |
| Commeo AS | Cheetah |
4 MNOK | 0.8% | 43 |
| Xbay Capital AS | Cheetah |
4 MNOK | 56.2% | 62 |
The selection is the closest in revenue within the same industry code. When you order, you can swap competitors. Order competitor analysis
Group structure · 2025
13 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.
No owner holds more than half of the shares in ØB Holding Fladhus AS.
ØB Holding Fladhus AS has not filed group accounts in open data, so the group has no index of its own. Each company has its own accounts.
The group in figures
- Sectors
- Revisjon, regnskap og rådgivning (10 companies), Informasjon og kommunikasjon (1 company), Eiendom (2 companies) 13 of 13 companies in the tree have accounts with us. Sectors are sorted by the companies' own revenue, which includes sales between the group's companies.
- Employees in Norway
- 120 in all. Krødsherad 38, Gol 26, Seljord 19, Stjørdal 19, Midt-Telemark 10, Vinje 8 Registered employees in the Central Coordinating Register, by the municipality of the business address. Employees may work elsewhere.
- Changed 2024–2025
- 1 company joined the group: Buskerud Næringsutvikling AS. 2 companies left.
-
ØB Holding Fladhus AS
-
Hallingdal Økonomiservice AS
- Eigarskifter AS you are here
- Sentrumskvartalet Gol AS
- Buskerud Næringsutvikling AS
-
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.
From the Central Coordinating Register
- Org. no.
- 932481820
- Legal form
- AS
- Sector
- Revisjon, regnskap og rådgivning (70.200)
- Morning company class
- Micro
- Employees
- 0–4 (not registered)
- Founded
- 27 October 2023 3 years in operation
- Share capital
- 0.50 MNOK
- Business address
- Elvevegen 4, 3550 GOL
- Municipality
- Gol rank 10–24 of 33 in KOSTRA group 5
- Audit
- Audit opted out from 18 November 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
Loading roles …
Source: Central Coordinating Register, fetched 5 November 2026. Only names are shown.
Shareholders (2025)
- Number of shareholders
- 3 (one owner holds more than half)
- Largest owner
- 65.0%
- Split
- companies 65% · private persons 35% · foreign 0%
- Owned from the same municipality
- 85%
- Group chain
-
Owned by: Hallingdal Økonomiservice AS (65%)
Ultimate owner: ØB Holding Fladhus AS
- Hallingdal Økonomiservice AS · 65.0%
- 2 private persons · 35.0%
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 · 2024–2025
| Key figure | 2024 | 2025 | Trend |
|---|---|---|---|
| Index | 14 | 39 | |
| Rank | 6,100 | 4,843 | |
| Operating margin | −7.4% | 3.3% | |
| Return on assets | −17.7% | 8.3% | |
| Equity ratio | 13.7% | 21.0% | |
| Current ratio | 1.76 | 2.08 | |
| Revenue growth | – | 0.5% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2024 | 2025 |
|---|---|---|
| Operating revenue | 3.6 MNOK | 3.6 MNOK |
| Operating profit | −0.3 MNOK | 0.1 MNOK |
| Profit before tax | −0.3 MNOK | 0.1 MNOK |
| Tax expense | 0.0 MNOK | 0.0 MNOK |
| Net profit | −0.3 MNOK | 0.1 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK |
| Total assets | 1.5 MNOK | 1.5 MNOK |
| Current assets | 1.4 MNOK | 1.4 MNOK |
| Equity | 0.2 MNOK | 0.3 MNOK |
| Retained earnings | −0.3 MNOK | −0.2 MNOK |
| Total liabilities | 1.3 MNOK | 1.2 MNOK |
| Current liabilities | 0.8 MNOK | 0.7 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 9 November 2026, accounts id 6572645.
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