ELCONNECT AS
Score · fiscal year 2024
51of 100
How to read this: the company is ahead of 52 % of small companies in the same sector in 2024. What does this mean?
Rank: 15,069 of 31,120 · Bygg og anlegg
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 79 and solidity 31 out of 100 among small companies in the same sector in 2024. Methodology
Against the sector
ELCONNECT AS is 1 points above the median for small companies in the same sector in 2024.
Median score 50 among 30,024 companies.
Against small companies in the same sector in 2024: operating margin 14.5% (median 3.8%) and equity ratio 24.0% (median 36.8%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 11 MNOK | 3 MNOK |
| Operating margin | 14.5% | 3.8% |
| Profit margin | 14.2% | 3.4% |
| Return on assets | 22.4% | 5.8% |
| Equity ratio | 24.0% | 36.8% |
| Debt-to-equity | 3.17 | 1.19 |
| Current ratio | 1.28 | 1.45 |
| Revenue growth | – | 1.8% |
| Revenue per employee | 0.65 MNOK | 1.40 MNOK |
The median and “ahead of” refer to small companies in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
With an index of 51, ELCONNECT AS does better than 52% of small companies in the same sector (30,095 companies) in 2024.
Score 2024–2025
- ELCONNECT AS
- Median: small companies in the same sector
What the numbers say
ELCONNECT AS had an operating margin of 14.5% and an equity ratio of 24.0% in 2024, and ranks 15,069 of 31,120 in Bygg og anlegg.
This text is generated automatically from the 2024 accounts.
Three simple methods
The methods give between 2 MNOK and 15 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 12 MNOK |
| EV/EBIT | 8.0 | 15 MNOK |
| P/B | 1.0 | 2 MNOK |
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
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 0.5% 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.
Data quality
No anomalies found in 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 2.4%. 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 | 79 | weight 30% |
|---|---|---|
| Solidity | 31 | weight 25% |
| Liquidity | 43 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 38 | weight 15% |
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is ELCONNECT AS?
The operating margin was 14.5% in 2024, against a median of 3.8% among small companies in the same sector. Return on assets was 22.4%.
How solid is ELCONNECT AS?
The equity ratio was 24.0% in 2024 (median 36.8%). Debt-to-equity was 3.17 (median 1.19).
What is the liquidity of ELCONNECT AS like?
The current ratio was 1.28 in 2024 (median 1.45).
How does ELCONNECT AS compare in Bygg og anlegg?
ELCONNECT AS ranks 15,069 of 31,120 in Bygg og anlegg for 2024. Among companies of the same size (small companies) it ranks 14,547 of 30,095.
From the Central Coordinating Register
- Org. no.
- 933398404
- Legal form
- AS
- Sector
- Bygg og anlegg (43.210)
- Size tier
- small
- Employees
- 17 registered 10 October 2026
- Founded
- 7 April 2024 2 years in operation
- Share capital
- 1.00 MNOK
- Business address
- Torneroseveien 10, 3055 KROKSTADELVA (DRAMMEN)
- Municipality
- Drammen rank 10 of 11 in KOSTRA group 12
- Latest accounts filed
- 2025
- Website
- elconnect.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
Ownership and roles
- Chief executive
- Rune Magnussen
- Chair of the board
- Rune Magnussen
- Board member
- Janicke Karlsen
- Auditor
- ØSTLANDSKE REVISORER AS
- Accountant
- A-Å REGNSKAP 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.
Figures last fetched 27 October 2026.
Year by year · 2024–2025
| Key figure | 2024 | 2025 | Trend |
|---|---|---|---|
| Index | 51 | 55 | |
| Rank | 15,069 | 12,846 | |
| Operating margin | 14.5% | 15.0% | |
| Return on assets | 22.4% | 47.0% | |
| Equity ratio | 24.0% | 7.9% | |
| Current ratio | 1.28 | 1.04 | |
| Revenue growth | – | 277.7% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2024 | 2025 |
|---|---|---|
| Operating revenue | 11.1 MNOK | 41.9 MNOK |
| Operating profit | 1.6 MNOK | 6.3 MNOK |
| Profit before tax | 1.6 MNOK | 6.2 MNOK |
| Net profit | 1.2 MNOK | 4.8 MNOK |
| Financial expenses | 0.0 MNOK | 0.1 MNOK |
| Total assets | 7.2 MNOK | 13.4 MNOK |
| Current assets | 6.7 MNOK | 11.3 MNOK |
| Equity | 1.7 MNOK | 1.1 MNOK |
| Retained earnings | 0.7 MNOK | 0.1 MNOK |
| Total liabilities | 5.5 MNOK | 12.4 MNOK |
| Current liabilities | 5.2 MNOK | 10.9 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 27 October 2026, accounts id 5927379.
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