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
Key facts
Is the company run well?
Five key figures against companies in the Morning class Micro in the same sector. Green is better than most, amber about like the industry and red weaker than most.
- Profitability · operating margin −7.4% Weaker than the industry Industry: 11.8%
- Returns · return on assets −17.7% Weaker than the industry Industry: 18.6%
- Solidity · equity ratio 13.7% Weaker than the industry Industry: 45.0%
- Liquidity · current ratio 1.76 About like the industry Industry: 1.66
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 2024
14of 100
How to read this: the company is ahead of 4 % of companies in the Morning class Micro in the same sector in 2024. What does this mean?
Rank in the Morning class Micro: 4,926 of 5,112 · What are Morning company classes?
Place in the whole sector: 6,097 of 6,305 · Revisjon, regnskap og rådgivning
Profile
Beaver · Builder
Lower profitability, lower resilience
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 9 and resilience 20 out of 100 among companies in the Morning class Micro in the same sector in 2024. Methodology
Against the sector
Eigarskifter AS is 37 points below the median for companies in the Morning class Micro in the same sector in 2024.
Median score 51 among 5,110 companies.
Against companies in the Morning class Micro in the same sector in 2024: operating margin −7.4% (median 11.8%) and equity ratio 13.7% (median 45.0%).
How it has gone · 2024–2025
Revenue is about the same: 3.6 MNOK in 2025 against 3.6 MNOK in 2024. The operating margin rose from −7.4% in 2024 to 3.3% in 2025. The equity ratio rose from 13.7% in 2024 to 21.0% 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 | 2024 | 2025 |
|---|---|---|
| Operating revenue | 3.6 MNOK | 3.6 MNOK |
| Operating profit | −0.3 MNOK | 0.1 MNOK |
| Net profit | −0.3 MNOK | 0.1 MNOK |
| Total assets | 1.5 MNOK | 1.5 MNOK |
| Equity | 0.2 MNOK | 0.3 MNOK |
| Total liabilities | 1.3 MNOK | 1.2 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.
- 932481820
- Legal form
- AS
- Sector
- Revisjon, regnskap og rådgivning (70.200)
- Purpose
- Gjennomføring av eierskifte, der i blant rådgivning samt taksering av landbrukseiendommer. Selskapet vil også bistå med andre tjenester som naturlig hører sammen med disse. Selskapet kan delta med eierinteresser i selskap med tilsvarende formål.
- Morning company class
- Micro
- Employees
- 0–4 (not registered) Payroll costs in the accounts: 3.1 MNOK (2024).
- 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
- VAT registered
- Yes
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
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) −11.3 (median 28.8); Financial costs as a share of debt 1.8% (median 0.4%).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −8.0% (median 12.5%).
- 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 −7.4% (median 11.8%).
- watch
Receivables equal far more days of revenue than at comparable companies. Do customers pay late, or are these loans to companies in the same group?
Based on: Receivable days 116 days (median 54 days).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 1.8% 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
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 5.7%. 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 | 9 | weight 40% |
|---|---|---|
| Solidity | 18 | weight 20% |
| Liquidity | 53 | weight 5% |
| Growth | – | no data, left out |
| Consistency | 8 | weight 10% |
Three goals: profitability 40%, growth 25%, resilience 35%. Why these weights?
Index version 3. Data completeness 75%: the share of the weights that had data.
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 4 MNOK | 2 MNOK |
| Operating margin | −7.4% | 11.8% |
| Profit margin | −8.0% | 12.5% |
| Return on assets | −17.7% | 18.6% |
| Equity ratio | 13.7% | 45.0% |
| Debt-to-equity | 6.29 | 1.06 |
| Current ratio | 1.76 | 1.66 |
| Revenue growth | – | 7.5% |
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 14, Eigarskifter AS does better than 4% of companies in the Morning class Micro in the same sector (5,112 companies) in 2024.
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. |
116 days | 54 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. |
5.0% | −7.0% | |
| Cash share of current assets How much of the short-term buffer is bank deposits and cash. |
30.2% | 53.6% | |
| 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. |
−11.3 | 28.8 | |
| 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. |
1.8% | 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. |
39.1% | 0.0% | |
The operating result is negative, so the interest coverage is negative: operations cover none of the financial costs.
Net working capital (current assets less bank deposits less current liabilities): 0.2 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 2024. 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.
What the numbers say
Eigarskifter AS had an operating margin of −7.4% and an equity ratio of 13.7% in 2024, and ranks 6,097 of 6,305 in Revisjon, regnskap og rådgivning.
This text is generated automatically from the 2024 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
Questions and answers
How profitable is Eigarskifter AS?
The operating margin was −7.4% in 2024, against a median of 11.8% among companies in the Morning class Micro in the same sector. Return on assets was −17.7%. The company made a loss before tax.
How solid is Eigarskifter AS?
The equity ratio was 13.7% in 2024 (median 45.0%). Debt-to-equity was 6.29 (median 1.06).
What is the liquidity of Eigarskifter AS like?
The current ratio was 1.76 in 2024 (median 1.66).
How does Eigarskifter AS compare in Revisjon, regnskap og rådgivning?
Eigarskifter AS ranks 6,097 of 6,305 in Revisjon, regnskap og rådgivning for 2024. Among companies in the Morning class Micro it is number 4,926 of 5,112.
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
- 119 in all. Krødsherad 36, Gol 27, 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.
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 | 6,097 | 4,844 | |
| 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 5760817.
Further
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