Voss Bil Eigedom 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 −12.5% Weaker than the industry Industry: 46.9%
- Returns · return on assets 1.9% Weaker than the industry Industry: 7.5%
- Solidity · equity ratio 40.4% Better than the industry Industry: 27.4%
- Liquidity · current ratio 0.74 Weaker than the industry Industry: 1.37
- Growth · revenue growth −3.1% Weaker than the industry Industry: 4.9%
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 2024
34of 100
How to read this: the company is ahead of 19 % of companies in the Morning class Micro in the same sector in 2024. What does this mean?
Rank in the Morning class Micro: 18,522 of 22,747 · What are Morning company classes?
Place in the whole sector: 23,379 of 28,605 · Eiendom
Profile
Elephant · Steward
Lower profitability, high resilience
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 13 and resilience 56 out of 100 among companies in the Morning class Micro in the same sector in 2024. Methodology
Against the sector
Voss Bil Eigedom AS is 16 points below the median for companies in the Morning class Micro in the same sector in 2024.
Median score 50 among 22,744 companies.
Against companies in the Morning class Micro in the same sector in 2024: operating margin −12.5% (median 46.9%) and equity ratio 40.4% (median 27.4%).
How it has gone · 2023–2025
Revenue fell by 25 % from 2023 to 2025, to 2.4 MNOK. The operating margin fell from −14.5% in 2023 to −21.2% in 2025. The equity ratio rose from 34.4% in 2023 to 40.9% 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 | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 3.2 MNOK | 3.1 MNOK | 2.4 MNOK |
| Operating profit | −0.5 MNOK | −0.4 MNOK | −0.5 MNOK |
| Net profit | 4.0 MNOK | −0.1 MNOK | 4.4 MNOK |
| Total assets | 29.7 MNOK | 26.6 MNOK | 37.0 MNOK |
| Equity | 10.2 MNOK | 10.7 MNOK | 15.2 MNOK |
| Total liabilities | 19.5 MNOK | 15.9 MNOK | 21.9 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.
- 953445697
- Legal form
- AS
- Sector
- Eiendom (68.200)
- Purpose
- Eiga aksjer i andre selskap og å eiga og driva fast eigedom for utleige, samt kva med dette høyrer til.
- Morning company class
- Micro
- Employees
- 0–4 (not registered)
- Founded
- 17 October 1989 37 years in operation
- Share capital
- 0.70 MNOK
- Business address
- Storrviki 2, 5710 SKULESTADMO (VOSS)
- Municipality
- Voss rank 1–16 of 38 in KOSTRA group 7
- Latest accounts filed
- 2025
- VAT registered
- Yes
- Former names
- Voss Bil AS until 1998
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) −0.6 (median 1.6); Financial costs as a share of debt 4.0% (median 5.2%).
- watch
Consider strengthening liquidity: current liabilities are 1.4 times current assets.
Based on: Current ratio 0.74 (median 1.37).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −4.8% (median 21.7%).
- 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 −12.5% (median 46.9%).
- 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 526 days (median 44 days).
- watch
Current liabilities exceed current assets other than bank deposits, and the current ratio is weak. Is it customer prepayments and supplier credit that fund the operations, or short-term loans that must be renewed?
Based on: Net working capital to revenue −65.8% (median −12.9%); Current ratio 0.74 (median 1.37).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 4.0% 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 2022, the sector's weakest year, for this company.
The sector's weakest year was 2022, with a median operating margin of 15.0%. 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 | 13 | weight 40% |
|---|---|---|
| Solidity | 60 | weight 20% |
| Liquidity | 32 | weight 5% |
| Growth | 37 | weight 25% |
| Consistency | 60 | weight 10% |
Three goals: profitability 40%, growth 25%, resilience 35%. Why these weights?
Durability: 42 (average over 2 years)
Index version 3. Data completeness 100%: the share of the weights that had data.
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 3 MNOK | 2 MNOK |
| Operating margin | −12.5% | 46.9% |
| Profit margin | −4.8% | 21.7% |
| Return on assets | 1.9% | 7.5% |
| Equity ratio | 40.4% | 27.4% |
| Debt-to-equity | 1.48 | 2.14 |
| Current ratio | 0.74 | 1.37 |
| Revenue growth | −3.1% | 4.9% |
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 34, Voss Bil Eigedom AS does better than 19% of companies in the Morning class Micro in the same sector (22,747 companies) in 2024.
Score 2023–2025
- Voss Bil Eigedom 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. |
526 days | 44 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. |
122 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. |
−65.8% | −12.9% | |
| Cash share of current assets How much of the short-term buffer is bank deposits and cash. |
1.1% | 53.5% | |
| 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. |
−0.6 | 1.6 | |
| 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. |
4.0% | 5.2% | |
| Long-term share of debt Long-term debt as a share of all debt. A low share means more falls due within a year. |
52.9% | 83.2% | |
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): −2.0 MNOK.
Of the financial costs of 0.6 MNOK, 0.6 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
Voss Bil Eigedom AS had an operating margin of −12.5% and an equity ratio of 40.4% in 2024, and ranks 23,379 of 28,605 in Eiendom.
From 2023 to 2024: went from a profit to a loss before tax and the equity ratio rose from 34.4% to 40.4%.
This text is generated automatically from the 2024 accounts.
Three simple methods
The methods give between 5 MNOK and 13 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.5 | 13 MNOK |
| EV/EBIT | 19.2 | not meaningful |
| P/B | 0.7 | 5 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 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 Voss Bil Eigedom AS?
The operating margin was −12.5% in 2024, against a median of 46.9% among companies in the Morning class Micro in the same sector. Return on assets was 1.9%. The company made a loss before tax.
How solid is Voss Bil Eigedom AS?
The equity ratio was 40.4% in 2024 (median 27.4%). Debt-to-equity was 1.48 (median 2.14).
What is the liquidity of Voss Bil Eigedom AS like?
The current ratio was 0.74 in 2024 (median 1.37). Current assets did not cover current liabilities.
How does Voss Bil Eigedom AS compare in Eiendom?
Voss Bil Eigedom AS ranks 23,379 of 28,605 in Eiendom for 2024. Among companies in the Morning class Micro it is number 18,522 of 22,747. Revenue changed by −3.1% from the year before.
Group structure · 2025
10 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 Voss Bil Eigedom AS.
Voss Bil Eigedom 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
- Annen tjenesteyting (5 companies), Handel (2 companies), Forretningsmessig tjenesteyting (1 company), Eiendom (2 companies) 10 of 10 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
- 67 in all. Voss 67 Registered employees in the Central Coordinating Register, by the municipality of the business address. Employees may work elsewhere.
- Negative equity
- 3 companies: Biltunet Utleige AS, Voss Bilsenter AS, Bilpleiesenteret Voss AS
- Loss
- 4 companies: Biltunet Utleige AS, Voss Bil AS, Voss Bilsenter AS, Bilpleiesenteret Voss AS
- Changed 2024–2025
- 3 companies joined the group: Voss Bilsenter AS, Bilskadesenteret Voss AS, Bilpleiesenteret Voss 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.
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
- 2
- Largest owner
- 50.0%
- Split
- companies 100% · private persons 0% · foreign 0%
- Owned from the same municipality
- 100%
- Langeland Auto AS · 50.0%
- Torgils Klette Bil AS · 50.0%
Change 2007–2025: no material change in the owners.
Majority owner of: Biltunet Holding AS (100%), Voss Bil Lastebil AS (100%), Voss Trafikksenter AS (100%), Voss Bil AS (100%)
The portfolio: 5 of the companies it owns shares in have accounts with us, 4 of them as majority owner. The average index is 43. 0 have negative equity and 1 made a loss in the latest year.
Holds shares in: Nekkar ASA (0%), Gjensidige Forsikring ASA (0%), Voss Bil AS (100%), Biltunet Holding AS (100%), Voss Veksel- og Landmandsbank ASA (0%), Voss Bil Lastebil AS (100%), Voss Trafikksenter AS (100%)
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 · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 50 | 34 | 40 | |
| Rank | 13,479 | 23,379 | 21,698 | |
| Operating margin | −14.5% | −12.5% | −21.2% | |
| Return on assets | 15.6% | 1.9% | 13.7% | |
| Equity ratio | 34.4% | 40.4% | 40.9% | |
| Current ratio | 0.89 | 0.74 | 1.18 | |
| Revenue growth | – | −3.1% | −22.3% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 3.2 MNOK | 3.1 MNOK | 2.4 MNOK |
| Operating profit | −0.5 MNOK | −0.4 MNOK | −0.5 MNOK |
| Profit before tax | 3.9 MNOK | −0.1 MNOK | 4.4 MNOK |
| Tax expense | −0.1 MNOK | −0.1 MNOK | 0.0 MNOK |
| Net profit | 4.0 MNOK | −0.1 MNOK | 4.4 MNOK |
| Financial expenses | 0.7 MNOK | 0.6 MNOK | 0.7 MNOK |
| Total assets | 29.7 MNOK | 26.6 MNOK | 37.0 MNOK |
| Current assets | 8.7 MNOK | 5.5 MNOK | 11.4 MNOK |
| Equity | 10.2 MNOK | 10.7 MNOK | 15.2 MNOK |
| Retained earnings | 7.9 MNOK | 7.8 MNOK | 12.2 MNOK |
| Total liabilities | 19.5 MNOK | 15.9 MNOK | 21.9 MNOK |
| Current liabilities | 9.9 MNOK | 7.5 MNOK | 9.7 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 9 November 2026, accounts id 6095195.
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