Liamyrane 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 46.8% About like the industry Industry: 47.7%
- Returns · return on assets 5.8% Weaker than the industry Industry: 7.8%
- Solidity · equity ratio 55.0% Better than the industry Industry: 27.9%
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 2025
55of 100
How to read this: the company is ahead of 61 % of companies in the Morning class Micro in the same sector in 2025. What does this mean?
Rank in the Morning class Micro: 9,398 of 23,907 · What are Morning company classes?
Place in the whole sector: 11,816 of 30,137 · Eiendom
Profile
Elephant · Steward
Lower profitability, high resilience
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 43 and resilience 69 out of 100 among companies in the Morning class Micro in the same sector in 2025. Methodology
Against the sector
Liamyrane AS is 5 points above the median for companies in the Morning class Micro in the same sector in 2025.
Median score 50 among 23,901 companies.
Against companies in the Morning class Micro in the same sector in 2025: operating margin 46.8% (median 47.7%) and equity ratio 55.0% (median 27.9%).
Where it stands · 2025
We only have the accounts for 2025. The development shows once we have at least two years.
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 | 2025 |
|---|---|
| Operating revenue | 3.4 MNOK |
| Operating profit | 1.6 MNOK |
| Net profit | 0.7 MNOK |
| Total assets | 28.4 MNOK |
| Equity | 15.6 MNOK |
| Total liabilities | 12.8 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.
- 936709591
- Legal form
- AS
- Sector
- Eiendom (68.200)
- Purpose
- Å investere i fast eiendom eller selskaper som eier fast eiendom, og alt som dermed står i forbindelse.
- Morning company class
- Micro
- Employees
- 0–4 (not registered)
- Founded
- 25 September 2025 1 years in operation
- Share capital
- 0.03 MNOK
- Business address
- Liamyrane 13, 5132 NYBORG (BERGEN)
- Municipality
- Bergen rank 8 of 11 in KOSTRA group 12
- 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
Liamyrane AS has a score of 55 for 2025, rank 11,816 of 30,137 in the sector.
Strongest: Solidity: percentile 70 against peers, equity ratio 55.0% against a median of 27.9%. Consistency: percentile 68 against peers.
No area is clearly below its peers.
Written by fixed rules from the figures. Describes the figures, does not explain causes. Not investment or financial advice. How the summary is made
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 6.3% 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 2022, the sector's weakest year, for this company.
The sector's weakest year was 2022, with a median operating margin of 15.2%. 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 | 43 | weight 40% |
|---|---|---|
| Solidity | 70 | weight 20% |
| Liquidity | – | no data, left out |
| Growth | – | no data, left out |
| Consistency | 68 | weight 10% |
Three goals: profitability 40%, growth 25%, resilience 35%. Why these weights?
Index version 3. Data completeness 70%: the share of the weights that had data.
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 3 MNOK | 2 MNOK |
| Operating margin | 46.8% | 47.7% |
| Profit margin | 24.3% | 24.4% |
| Return on assets | 5.8% | 7.8% |
| Equity ratio | 55.0% | 27.9% |
| Debt-to-equity | 0.82 | 2.10 |
| Current ratio | – | 1.40 |
| Revenue growth | – | 3.3% |
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 55, Liamyrane AS does better than 61% of companies in the Morning class Micro in the same sector (23,907 companies) in 2025.
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.
Working capital and debt
| Measure | Company | Median | |
|---|---|---|---|
| Working capital | |||
| Receivable days All current receivables, including those on group companies, in days of revenue. |
– | 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. |
– | 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. |
– | −12.4% | |
| Cash share of current assets How much of the short-term buffer is bank deposits and cash. |
– | 54.9% | |
| 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. |
2.0 | 1.8 | |
| 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. |
6.3% | 5.0% | |
| Long-term share of debt Long-term debt as a share of all debt. A low share means more falls due within a year. |
0.4% | 87.8% | |
Of the financial costs of 0.8 MNOK, 0.8 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.
The industry or the company: what drove the result?
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 Liamyrane AS. The figures stand side by side; we claim no cause.
House prices (existing homes) (indeks (2015 = 100))
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| House prices (existing homes), annual average | 134.5 | 141.6 | 140.8 | 144.6 | 152.5 | 158.7 (so far) |
| Change from the year before | +10.5% | +5.2% | −0.5% | +2.7% | +5.5% | +4.1% |
| The company's operating margin | – | – | – | – | 46.8% | – |
Source: SSB (07221, CC BY 4.0). Source
Policy rate (prosent)
| 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 | – | – | – | – | 46.8% | – |
Source: Norges Bank (IR, NLOD 2.0). Source
Construction cost index for dwellings (indeks (2015 = 100))
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Construction cost index for dwellings, annual average | 124.2 | 135.1 | 141.1 | 146.4 | 152.7 | 158.4 (so far) |
| Change from the year before | +8.7% | +8.8% | +4.4% | +3.7% | +4.3% | +3.7% |
| The company's operating margin | – | – | – | – | 46.8% | – |
Source: SSB (08651, CC BY 4.0). Source
Consumer price index (indeks (2025 = 100))
| 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 | – | – | – | – | 46.8% | – |
Source: SSB (14710, CC BY 4.0). Source
Wage index: real estate (indeks)
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Wage index: real estate, annual average | 91.7 | 94.3 | 96.8 | 103.2 | 108.5 | 111.3 (so far) |
| Change from the year before | +5.2% | +2.9% | +2.6% | +6.5% | +5.2% | +2.6% |
| The company's operating margin | – | – | – | – | 46.8% | – |
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
Liamyrane AS had an operating margin of 46.8% and an equity ratio of 55.0% in 2025, and ranks 11,816 of 30,137 in Eiendom.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 4 MNOK and 19 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.5 | 4 MNOK |
| EV/EBIT | 19.2 | 19 MNOK |
| P/B | 0.7 | 7 MNOK |
| EV/EBIT: from enterprise value to equity | NOK |
|---|---|
| Enterprise value (EV) at the listed multiple | 31 MNOK |
| Enterprise value after the size adjustment | 19 MNOK |
| Less net debt (rough figure) | 0 MNOK |
| Equity value | 19 MNOK |
Net debt is a rough figure: long-term liabilities minus cash. The accounts do not split interest-bearing debt from other liabilities, and short-term borrowings are not included. The size adjustment applies to the enterprise value, not to the debt.
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 multiples are from the listed industry that matches the NACE code (68.2): R.E.I.T..
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 Liamyrane AS?
The operating margin was 46.8% in 2025, against a median of 47.7% among companies in the Morning class Micro in the same sector. Return on assets was 5.8%.
How solid is Liamyrane AS?
The equity ratio was 55.0% in 2025 (median 27.9%). Debt-to-equity was 0.82 (median 2.10).
How does Liamyrane AS compare in Eiendom?
Liamyrane AS ranks 11,816 of 30,137 in Eiendom for 2025. Among companies in the Morning class Micro it is number 9,398 of 23,907.
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 |
|---|---|---|---|---|
| Teft Bygg AS |  Cheetah |
3 MNOK | 80.6% | 57 |
| Fia Holding AS |  Beaver |
3 MNOK | −25.0% | 25 |
| Stridsklev Eiendom AS |  Lion |
3 MNOK | 53.0% | 62 |
| Liamyrane AS (this company) |  Elephant |
3 MNOK | 46.8% | 55 |
| Laksevågneset 18 AS | Elephant |
3 MNOK | 41.1% | 49 |
| Zol AS | Beaver |
3 MNOK | 45.0% | 27 |
| Bakeri Eiendom AS | Lion |
3 MNOK | 65.4% | 67 |
| Vektergården ÅS AS | Elephant |
3 MNOK | 22.0% | 54 |
| Hinderveien 4 AS | Cheetah |
3 MNOK | 78.0% | 63 |
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
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.
No owner holds more than half of the shares in AS Sigurd Hesselberg.
Group accounts. AS Sigurd Hesselberg for 2025: index 41 of 100, number 161 of 240 groups. See the group accounts
The group in figures
- Sectors
- Handel (3 companies), Eiendom (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
- 318 in all. Lillestrøm 318 Registered employees in the Central Coordinating Register, by the municipality of the business address. Employees may work elsewhere.
- Negative equity
- 1 company: Hesselberg SN AS
- Loss
- 3 companies: Hesselberg SN AS, Hesselberg Eiendom AS, Hesselberg Eiendom Moss AS
- Changed 2024–2025
- 1 company joined the group: Liamyrane AS.
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.
-
AS Sigurd Hesselberg
- Liamyrane AS you are here
- Hesselberg AS
- Hesselberg SN AS
- Hesselberg Eiendom AS
- Hesselberg Eiendom Moss 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 6 November 2026. Only names are shown.
Shareholders (2025)
- Number of shareholders
- 1 (one owner)
- Largest owner
- 100.0%
- Split
- companies 100% · private persons 0% · foreign 0%
- Owned from the same municipality
- 0%
- Group chain
-
Owned by: AS SIGURD HESSELBERG (100%)
Ultimate owner: AS SIGURD HESSELBERG
- AS SIGURD HESSELBERG · 100.0%
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
Trends appear once there is more than one fiscal year.
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2025 |
|---|---|
| Operating revenue | 3.4 MNOK |
| Operating profit | 1.6 MNOK |
| Profit before tax | 0.8 MNOK |
| Tax expense | 0.2 MNOK |
| Net profit | 0.7 MNOK |
| Financial expenses | 0.8 MNOK |
| Total assets | 28.4 MNOK |
| Current assets | – |
| Equity | 15.6 MNOK |
| Retained earnings | 7.9 MNOK |
| Total liabilities | 12.8 MNOK |
| Current liabilities | 12.8 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 9 November 2026, accounts id 6897460.
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