Eagle 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 2023
46of 100
How to read this: the company is ahead of 43 % of companies in the Morning class Micro in the same sector in 2023. What does this mean?
Rank in the Morning class Micro: 1,749 of 3,079 · What are Morning company classes?
Place in the whole sector: 3,768 of 6,555 · Industri
Profile
Elephant · Steward
Lower profitability, high resilience
Position against comparable companies in 2023, not a verdict on the company. Based on profitability 16 and resilience 81 out of 100 among companies in the Morning class Micro in the same sector in 2023. Methodology
Against the sector
Eagle AS is 4 points below the median for companies in the Morning class Micro in the same sector in 2023.
Median score 50 among 3,077 companies.
Against companies in the Morning class Micro in the same sector in 2023: operating margin −281.6% (median 4.1%) and equity ratio 79.1% (median 40.8%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 3 MNOK | 3 MNOK |
| Operating margin | −281.6% | 4.1% |
| Profit margin | −38.2% | 3.4% |
| Return on assets | 0.1% | 6.8% |
| Equity ratio | 79.1% | 40.8% |
| Debt-to-equity | 0.26 | 1.09 |
| Current ratio | 1.25 | 1.69 |
| Revenue growth | – | 8.5% |
| Revenue per employee | 0.56 MNOK | 0.74 MNOK |
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 46, Eagle AS does better than 43% of companies in the Morning class Micro in the same sector (3,079 companies) in 2023.
Score 2023–2025
- Eagle 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. |
3,158 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. |
5,959 days | 19 days | |
| Net working capital to revenue Current assets less bank deposits less current liabilities, divided by revenue. Negative: short-term debt funds the operations. |
488.9% | −2.6% | |
| Cash share of current assets How much of the short-term buffer is bank deposits and cash. |
0.5% | 38.9% | |
| 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. |
−5.4 | 3.1 | |
| 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. |
2.6% | 1.3% | |
| Long-term share of debt Long-term debt as a share of all debt. A low share means more falls due within a year. |
0.0% | 3.6% | |
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): 13.8 MNOK.
Of the financial costs of 1.5 MNOK, 1.0 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 2023. 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
Eagle AS had an operating margin of −281.6% and an equity ratio of 79.1% in 2023, and ranks 3,768 of 6,555 in Industri.
This text is generated automatically from the 2023 accounts.
Three simple methods
One method gives a figure: 652 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 25.8 | not meaningful |
| EV/EBIT | 19.1 | not meaningful |
| P/B | 4.0 | 652 MNOK |
The listed basis is the value at listed multiples. The estimate is lowered for size: a small-company premium of 2% on the cost of equity gives a value 24% lower. No separate marketability discount is applied, because the premium already allows for the company being small and unlisted.
The multiples are from the listed industry that matches the NACE code (28): Machinery.
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
- 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) −5.4 (median 3.1); Financial costs as a share of debt 2.6% (median 1.3%).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −38.2% (median 3.4%).
- 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 −281.6% (median 4.1%).
- 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 3,158 days (median 40 days).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 2.6% 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.
See interest rates, prices and exchange rates for the sector
Data quality
- watch Extreme margin: check the figures
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 −0.4%. Based on the 10 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 16 | weight 40% |
|---|---|---|
| Solidity | 87 | weight 20% |
| Liquidity | 34 | weight 5% |
| Growth | – | no data, left out |
| Consistency | 92 | 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.
Questions and answers
How profitable is Eagle AS?
The operating margin was −281.6% in 2023, against a median of 4.1% among companies in the Morning class Micro in the same sector. Return on assets was 0.1%. The company made a loss before tax.
How solid is Eagle AS?
The equity ratio was 79.1% in 2023 (median 40.8%). Debt-to-equity was 0.26 (median 1.09).
What is the liquidity of Eagle AS like?
The current ratio was 1.25 in 2023 (median 1.69).
How does Eagle AS compare in Industri?
Eagle AS ranks 3,768 of 6,555 in Industri for 2023. Among companies in the Morning class Micro it is number 1,749 of 3,079.
Group accounts · 2025
37 of 100
Rank 62 of 87 groups in the Morning class Medium in Industri. Groups are ranked only against other groups in the same sector and class, never against single companies.
- Operating revenue, group
- 230 MNOK
- Operating profit, group
- 3 MNOK
- Profit before tax, group
- −5 MNOK
- Total assets, group
- 411 MNOK
- Equity, group
- 204 MNOK
| Key figure | The group | The company alone (2023) |
|---|---|---|
| Operating margin | 1.4% | – |
| Return on assets | 2.1% | – |
| Equity ratio | 49.6% | – |
| Current ratio | 1.78 | – |
| Revenue growth | −6.3% | – |
Group index in earlier years: 2023: 48 (66 of 116), 2024: 55 (41 of 89).
Same formulas and weights as the company index. Group and company are never added together, and the group accounts are not part of sector averages or company rankings.
Source: Brønnøysund Register Centre, group accounts 2025 (open data, NLOD 2.0).
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.
Group structure · 2025
6 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.
Private persons own 65% of the shares in Eagle AS. Persons are not shown by name.
Group accounts. Eagle AS for 2025: index 37 of 100, number 62 of 87 groups.
The group in figures
- Sectors
- Forretningsmessig tjenesteyting (1 company), Eiendom (2 companies), Industri (3 companies) 6 of 6 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
- 36 in all. Stavanger 19, Oslo 17 Registered employees in the Central Coordinating Register, by the municipality of the business address. Employees may work elsewhere.
- Loss
- 4 companies: Ferdocean Technology AS, Eagle AS, Víxla AS, Eagle Newco AS
- Changed 2024–2025
- 1 company left.
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.
-
Eagle AS you are here
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.
- 933134946
- Legal form
- AS · part of a group
- Sector
- Industri (28.990)
- Morning company class
- Micro
- Employees
- 5 registered 10 October 2023
- Founded
- 7 December 1982 43 years in operation
- Share capital
- 9.08 MNOK
- Business address
- Folke Bernadottes vei 13C, 0862 OSLO
- Municipality
- Oslo rank 63–220 of 357 in Norway
- Latest accounts filed
- 2025
- LEI
- 549300H0V3CM18WX5R31 renews 29 March 2027
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 1 November 2026. Only names are shown.
- Parent company
- No parent company: owned by persons
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 30 October 2026. The parent is the one the company itself reported to GLEIF.
Shareholders (2025)
- Number of shareholders
- 4 (one owner holds more than half)
- Largest owner
- 65.2% · top three 97.9%
- Split
- companies 15% · private persons 85% · foreign 0%
- Owned from the same municipality
- 84%
- Group chain
- Ultimate owner: private person
- GR Invest AS · 12.8%
- Pål Myklebust Invest AS · 2.1%
- 2 private persons · 85.1%
Change 2007–2025:
44% of the shares changed owner (1 new and 2 departed owners). The majority owner changed.
New owners (companies): Pål Myklebust Invest AS
Departed (companies): Einar Myklebust Invest AS
Majority owner of: Eagle Property AS (100%), Eagle Newco AS (79%)
The portfolio: 8 of the companies it owns shares in have accounts with us, 2 of them as majority owner. The average index is 40. 0 have negative equity and 6 made a loss in the latest year.
Holds shares in: Eagle Newco AS (79%), Askim Eiendomsinvest AS (7%), Kabelgata 8 Eiendomsinvest AS (10%), Current Eco AS (41%), Hercules Supply AS (5%), Eagle Property AS (100%), Risør Shipping Holding AS (2%), Robertson Eiendom AS (20%)
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 8 November 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 46 | 54 | 40 | |
| Rank | 3,768 | 3,017 | 4,955 | |
| Operating margin | −281.6% | −177.4% | −179.0% | |
| Return on assets | 0.1% | 5.0% | −5.0% | |
| Equity ratio | 79.1% | 73.0% | 85.6% | |
| Current ratio | 1.25 | 0.80 | 1.95 | |
| Revenue growth | – | 52.9% | −3.6% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 2.8 MNOK | 4.3 MNOK | 4.2 MNOK |
| Operating profit | −7.9 MNOK | −7.6 MNOK | −7.4 MNOK |
| Profit before tax | −1.1 MNOK | 11.5 MNOK | −13.7 MNOK |
| Tax expense | −1.1 MNOK | −0.9 MNOK | −0.4 MNOK |
| Net profit | 0.0 MNOK | 12.4 MNOK | −13.2 MNOK |
| Financial expenses | 1.5 MNOK | 3.3 MNOK | 1.8 MNOK |
| Total assets | 270.6 MNOK | 295.0 MNOK | 236.2 MNOK |
| Current assets | 70.7 MNOK | 64.0 MNOK | 66.4 MNOK |
| Equity | 213.9 MNOK | 215.4 MNOK | 202.1 MNOK |
| Retained earnings | 204.8 MNOK | 206.3 MNOK | 193.0 MNOK |
| Total liabilities | 56.6 MNOK | 79.6 MNOK | 34.1 MNOK |
| Current liabilities | 56.6 MNOK | 79.6 MNOK | 34.1 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 8 November 2026, accounts id 5265013.
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