Eiffel Eiendom 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 −192.9% Weaker than the industry Industry: 47.7%
- Returns · return on assets 21.9% Better than the industry Industry: 7.8%
- Solidity · equity ratio 48.3% Better than the industry Industry: 27.9%
- Liquidity · current ratio 0.39 Weaker than the industry Industry: 1.40
- Growth · revenue growth −7.2% Weaker than the industry Industry: 3.3%
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
40of 100
How to read this: the company is ahead of 27 % of companies in the Morning class Micro in the same sector in 2025. What does this mean?
Rank in the Morning class Micro: 17,424 of 23,905 · What are Morning company classes?
Place in the whole sector: 22,113 of 30,132 · 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 57 out of 100 among companies in the Morning class Micro in the same sector in 2025. Methodology
Against the sector
Eiffel Eiendom AS is 10 points below the median for companies in the Morning class Micro in the same sector in 2025.
Median score 50 among 23,899 companies.
Against companies in the Morning class Micro in the same sector in 2025: operating margin −192.9% (median 47.7%) and equity ratio 48.3% (median 27.9%).
How it has gone · 2023–2025
Revenue is about the same: 2.5 MNOK in 2025 against 2.5 MNOK in 2023. The operating margin fell from −88.1% in 2023 to −192.9% in 2025. The equity ratio rose from 38.5% in 2023 to 48.3% 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 | 2.5 MNOK | 2.7 MNOK | 2.5 MNOK |
| Operating profit | −2.2 MNOK | −1.8 MNOK | −4.8 MNOK |
| Net profit | 56.7 MNOK | 49.8 MNOK | 151.8 MNOK |
| Total assets | 617.9 MNOK | 687.4 MNOK | 785.4 MNOK |
| Equity | 237.8 MNOK | 287.6 MNOK | 379.5 MNOK |
| Total liabilities | 380.1 MNOK | 399.7 MNOK | 406.0 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.
- 964415188
- Legal form
- AS
- Sector
- Eiendom (68.200)
- Purpose
- Erverv, utvikling og forvaltning av fast eiendom. Selskapet kan ved aksjetegning eller på annen måte gjøre seg interessert i andre foretagender som kan styrke hovedformålet.
- Morning company class
- Micro
- Employees
- 6 registered 10 October 2026
- Founded
- 29 June 1992 34 years in operation
- Share capital
- 5.00 MNOK
- Business address
- v/ Abel Eiendomsforvaltning AS, Solliveien 55, 1366 LYSAKER (BÆRUM)
- Municipality
- Bærum rank 1 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
Eiffel Eiendom AS has a score of 40 for 2025, rank 22,113 of 30,132 in the sector.
Strongest: Solidity: percentile 66 against peers, equity ratio 48.3% against a median of 27.9%.
Weakest: Growth: percentile 9 against peers, revenue growth −7.2% against a median of 3.3%. Liquidity: percentile 21 against peers, current ratio 0.39 against a median of 1.40.
Worth a closer look
- Consider strengthening liquidity: current liabilities are 2.6 times current assets. Based on: current ratio 0.39 (median 1.40).
- 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) −0.3 (median 1.8); financial costs as a share of debt 3.9% (median 5.0%).
- The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors? Based on: operating margin −192.9% (median 47.7%).
- What lies behind weak growth, and will it last?
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
- critical
Consider strengthening liquidity: current liabilities are 2.6 times current assets.
Based on: Current ratio 0.39 (median 1.40).
- 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) −0.3 (median 1.8); Financial costs as a share of debt 3.9% (median 5.0%).
- 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 −192.9% (median 47.7%).
- 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 5,273 days (median 40 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 −3,296.1% (median −12.4%); Current ratio 0.39 (median 1.40).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 3.9% 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
- 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 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 | 43 | weight 40% |
|---|---|---|
| Solidity | 66 | weight 20% |
| Liquidity | 21 | weight 5% |
| Growth | 9 | weight 25% |
| Consistency | 59 | weight 10% |
Three goals: profitability 40%, growth 25%, resilience 35%. Why these weights?
Durability: 45 (average over 3 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 | 2 MNOK | 2 MNOK |
| Operating margin | −192.9% | 47.7% |
| Profit margin | 6,325.2% | 24.4% |
| Return on assets | 21.9% | 7.8% |
| Equity ratio | 48.3% | 27.9% |
| Debt-to-equity | 1.07 | 2.10 |
| Current ratio | 0.39 | 1.40 |
| Revenue growth | −7.2% | 3.3% |
| Revenue per employee | 0.41 MNOK | 0.61 MNOK |
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 40, Eiffel Eiendom AS does better than 27% of companies in the Morning class Micro in the same sector (23,905 companies) in 2025.
Score 2023–2025
- Eiffel Eiendom 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. |
5,273 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. |
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. |
−3,296.1% | −12.4% | |
| Cash share of current assets How much of the short-term buffer is bank deposits and cash. |
20.9% | 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. |
−0.3 | 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. |
3.9% | 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. |
71.1% | 87.8% | |
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): −81.4 MNOK.
Of the financial costs of 15.9 MNOK, 15.9 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?
In 2025 the operating margin of Eiffel Eiendom AS fell by 123.9 percentage points. Comparable companies rose by a median 0.7 points. So the company did 124.7 points weaker than the industry, for reasons of its own.
Over 2 year-to-year changes Eiffel Eiendom AS moved the same way as comparable companies 1 times. About 1% of the changes in operating margin were common to the industry; the rest was the company's own.
| Year | The company | Comparable (median) | Change, company | Change, industry | The company's own |
|---|---|---|---|---|---|
| 2024 | −69.0% | 46.9% | +19.1 percentage points | +0.9 percentage points | +18.2 percentage points |
| 2025 | −192.9% | 47.7% | −123.9 percentage points | +0.7 percentage points | −124.7 percentage points |
Comparable companies are those in the same industry and Morning company class. Their change shows what hit the whole industry, the sector drivers below included. The rest is the company's own: contracts, costs, one-off items or operations. The share is approximate, and we claim no cause.
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 Eiffel Eiendom AS. The figures stand side by side; we claim no cause.
House prices (existing homes) (indeks (2015 = 100))
House prices (existing homes) rose 5.5% in 2025; the operating margin of Eiffel Eiendom AS fell 123.9 percentage points.
| 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 | – | – | −88.1% | −69.0% | −192.9% | – |
Source: SSB (07221, CC BY 4.0). Source
Policy rate (prosent)
Policy rate fell 0.20 percentage points in 2025; the operating margin of Eiffel Eiendom AS fell 123.9 percentage points.
| 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 | – | – | −88.1% | −69.0% | −192.9% | – |
Source: Norges Bank (IR, NLOD 2.0). Source
Construction cost index for dwellings (indeks (2015 = 100))
Construction cost index for dwellings rose 4.3% in 2025; the operating margin of Eiffel Eiendom AS fell 123.9 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Construction cost index for dwellings, annual average | 124.2 | 135.1 | 141.1 | 146.4 | 152.7 | 158.7 (so far) |
| Change from the year before | +8.7% | +8.8% | +4.4% | +3.7% | +4.3% | +3.9% |
| The company's operating margin | – | – | −88.1% | −69.0% | −192.9% | – |
Source: SSB (08651, CC BY 4.0). Source
Consumer price index (indeks (2025 = 100))
Consumer price index rose 3.0% in 2025; the operating margin of Eiffel Eiendom AS fell 123.9 percentage points.
| 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 | – | – | −88.1% | −69.0% | −192.9% | – |
Source: SSB (14710, CC BY 4.0). Source
Wage index: real estate (indeks)
Wage index: real estate rose 5.2% in 2025; the operating margin of Eiffel Eiendom AS fell 123.9 percentage points.
| 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 | – | – | −88.1% | −69.0% | −192.9% | – |
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
Eiffel Eiendom AS had an operating margin of −192.9% and an equity ratio of 48.3% in 2025, and ranks 22,113 of 30,132 in Eiendom.
From 2024 to 2025: the operating margin fell from −69.0% to −192.9% and the equity ratio rose from 41.8% to 48.3%.
This text is generated automatically from the 2025 accounts.
Three simple methods
Suggested price: about 450 MNOK
The mean of the 2 methods below (P/E, EV/EBIT and P/B with listed multiples and a size adjustment), rounded to two significant figures. It is a calculation, not a bid or a valuation. Fewer than three methods gave a figure, so the mean is weaker than it looks. The methods differ widely (the highest is 3.4 times the lowest), so the estimate is uncertain.
That is about 4,500,000 NOK per share, on 100 shares in the shareholder register.
The methods give between 202 MNOK and 689 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.5 | 689 MNOK |
| EV/EBIT | 19.2 | not meaningful |
| P/B | 0.7 | 202 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 (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
Figures you will not find in any register
We calculated these figures ourselves from the accounts and registers we have read. The company has not reported them and the Brønnøysund Register Centre does not publish them. They are indications and are not part of the index. How we calculate
- Personnel cost per employee
- 0.70 MNOK per employee in 2025
Comparable companies have a median of 0.26 MNOK. This company is above 82% of them (611 companies in the same industry and size class).
Payroll costs are 169% of revenue.
Payroll costs in the accounts divided by 6 employees in the business register. Payroll costs include employer's contribution and pension, so they are higher than wages. The employee count is a snapshot and can differ from the average over the accounting year. - Equity paid out or paid in
- 60.0 MNOK left equity beyond the result in 2025.
That equals 40% of the year's result.
Over 2 years it equals 30% of the sum of the results.
Calculated as retained earnings at the start of the year + net result − retained earnings at the end of the year. What remains is dividends and group contributions, plus transfers to other items and corrections of earlier years. It is not a dividend figure. - Owners and leadership aged 60 or older
- Several signs that a generation change may be coming.
- The chair is 60 or older.
- The managing director is 60 or older.
- 2 of 2 on the board are 60 or older.
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
Questions and answers
How profitable is Eiffel Eiendom AS?
The operating margin was −192.9% in 2025, against a median of 47.7% among companies in the Morning class Micro in the same sector. Return on assets was 21.9%.
How solid is Eiffel Eiendom AS?
The equity ratio was 48.3% in 2025 (median 27.9%). Debt-to-equity was 1.07 (median 2.10).
What is the liquidity of Eiffel Eiendom AS like?
The current ratio was 0.39 in 2025 (median 1.40). Current assets did not cover current liabilities.
How does Eiffel Eiendom AS compare in Eiendom?
Eiffel Eiendom AS ranks 22,113 of 30,132 in Eiendom for 2025. Among companies in the Morning class Micro it is number 17,424 of 23,905. Revenue changed by −7.2% from the year before.
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 |
|---|---|---|---|---|
| Nygårdsgaten 33 AS |  Beaver |
2 MNOK | −248.0% | 2 |
| Torggata 27 AS |  Elephant |
2 MNOK | 2.5% | 52 |
| Eiffel Eiendom AS (this company) | Elephant |
2 MNOK | −192.9% | 40 |
| Tomteveien 19 Invest AS |  Cheetah |
2 MNOK | 62.3% | 55 |
| GERD´S Eiendom AS | Cheetah |
2 MNOK | 75.5% | 46 |
| Elessar Eiendom AS | Beaver |
2 MNOK | 35.6% | 43 |
| Klatresteinen Eiendom AS | Beaver |
2 MNOK | 7.2% | 30 |
| Eiendomssiden AS | Cheetah |
2 MNOK | 69.2% | 57 |
| Mosflata Eiendom AS | Beaver |
2 MNOK | 29.8% | 36 |
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
12 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 Eiffel Eiendom AS.
Eiffel Eiendom 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
- Eiendom (11 companies), Bygg og anlegg (1 company) 12 of 12 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
- 20 in all. Sandefjord 14, Bærum 6 Registered employees in the Central Coordinating Register, by the municipality of the business address. Employees may work elsewhere.
- Loss
- 5 companies: Fekjan 13 AS, Solliveien 53-55 AS, Frage Eiendomsutvikling AS, Wilhelm Wetlesensvei 1 AS, Fageråsen Utvikling Byggetrinn i 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 1 November 2026. Only names are shown.
Shareholders (2025)
- Number of shareholders
- 3
- Largest owner
- 50.0%
- Split
- companies 100% · private persons 0% · foreign 0%
- Owned from the same municipality
- 25%
- Ender Invest AS · 50.0%
- Rondeslott Eiendom AS · 25.0%
- Eiffel Eiendom AS · 25.0%
Change 2007–2025:
50% of the shares changed owner (2 new and 2 departed owners).
New owners (companies): Eiffel Eiendom AS, Rondeslott Eiendom AS
Departed (companies): Sohlberg Eiendom Holding AS, Toftenes Eiendom AS
Majority owner of: Wilhelm Wetlesensvei 1 AS (100%), Alf Larsen AS (100%), Fekjan 11 AS (100%), Sandar Eiendom AS (100%), Frage Eiendomsutvikling AS (100%), Trysil Høyfjellsgrend i AS (100%), Gartnerveien 1-5 AS (100%), Fekjan 13 AS (100%)
The portfolio: 16 of the companies it owns shares in have accounts with us, 10 of them as majority owner. The average index is 50. 0 have negative equity and 4 made a loss in the latest year.
Holds shares in: Frage Eiendomsutvikling AS (100%), Trysil Høyfjellsgrend i AS (100%), Sandar Eiendom AS (100%), Alf Larsen AS (100%), Eiffas Holding AS (50%), Agora AS (50%), JOHAN S. Svendsen AS (33%), Eiffel Feste 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 8 November 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 47 | 50 | 40 | |
| Rank | 14,978 | 14,573 | 22,113 | |
| Operating margin | −88.1% | −69.0% | −192.9% | |
| Return on assets | 12.3% | 10.1% | 21.9% | |
| Equity ratio | 38.5% | 41.8% | 48.3% | |
| Current ratio | 0.88 | 0.19 | 0.39 | |
| Revenue growth | – | 4.9% | −7.2% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 2.5 MNOK | 2.7 MNOK | 2.5 MNOK |
| Operating profit | −2.2 MNOK | −1.8 MNOK | −4.8 MNOK |
| Profit before tax | 58.2 MNOK | 53.4 MNOK | 156.3 MNOK |
| Tax expense | 1.4 MNOK | 3.5 MNOK | 4.4 MNOK |
| Net profit | 56.7 MNOK | 49.8 MNOK | 151.8 MNOK |
| Financial expenses | 17.8 MNOK | 16.4 MNOK | 15.9 MNOK |
| Total assets | 617.9 MNOK | 687.4 MNOK | 785.4 MNOK |
| Current assets | 66.5 MNOK | 20.1 MNOK | 45.1 MNOK |
| Equity | 237.8 MNOK | 287.6 MNOK | 379.5 MNOK |
| Retained earnings | 142.2 MNOK | 192.1 MNOK | 283.9 MNOK |
| Total liabilities | 380.1 MNOK | 399.7 MNOK | 406.0 MNOK |
| Current liabilities | 75.3 MNOK | 108.6 MNOK | 117.1 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 8 November 2026, accounts id 7109263.
Further
Similar companies
- Bogafjell Vest Utvikling AS index 40, rank 22,110 · compare
- Tverrvegen 38 AS index 40, rank 22,112 · compare
- Handelsbygg Høyanger AS index 40, rank 22,114 · compare
- Safarigruppen AS index 40, rank 22,115 · compare
- Trandum Drift AS index 40, rank 22,116 · compare