ELCON BROKER AS
Score · fiscal year 2025
73of 100
How to read this: the company is ahead of 91 % of companies in the Morning class Small in the same sector in 2025. What does this mean?
Rank in the Morning class Small: 3,438 of 36,579 · What are Morning company classes?
Place in the whole sector: 3,646 of 38,670 · Handel
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 93 and solidity 52 out of 100 among companies in the Morning class Small in the same sector in 2025. Methodology
Against the sector
ELCON BROKER AS is 23 points above the median for companies in the Morning class Small in the same sector in 2025.
Median score 50 among 36,110 companies.
Against companies in the Morning class Small in the same sector in 2025: operating margin 24.4% (median 2.5%) and equity ratio 47.7% (median 38.3%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 23 MNOK | 3 MNOK |
| Operating margin | 24.4% | 2.5% |
| Profit margin | 24.1% | 2.2% |
| Return on assets | 65.1% | 4.0% |
| Equity ratio | 47.7% | 38.3% |
| Debt-to-equity | 1.10 | 0.99 |
| Current ratio | 2.02 | 1.70 |
| Revenue growth | 44.7% | 3.5% |
The median and “ahead of” refer to companies in the Morning class Small in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 73, ELCON BROKER AS does better than 91% of companies in the Morning class Small in the same sector (36,579 companies) in 2025.
Score 2023–2025
- ELCON BROKER AS
- Median: companies in the Morning class Small in the same sector
ELCON BROKER AS has a score of 73 for 2025, rank 3,646 of 38,670 in the sector.
Strongest: Profitability: percentile 93 against peers, operating margin 24.4% against a median of 2.5%. Growth: percentile 85 against peers, revenue growth 44.7% against a median of 3.5%.
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
What the numbers say
ELCON BROKER AS had an operating margin of 24.4% and an equity ratio of 47.7% in 2025, and ranks 3,646 of 38,670 in Handel.
From 2024 to 2025: revenue grew by 45% and the operating margin rose from 19.1% to 24.4%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 4 MNOK and 51 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 44 MNOK |
| EV/EBIT | 8.0 | 51 MNOK |
| P/B | 1.0 | 4 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 3.8% 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.
Data quality
No anomalies found in the figures.
Scenario analysis: the sector's weakest year
We have no accounts for 2017, the sector's weakest year, for this company.
The sector's weakest year was 2017, with a median operating margin of −65.6%. Based on the 11 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 93 | weight 30% |
|---|---|---|
| Solidity | 52 | weight 25% |
| Liquidity | 57 | weight 15% |
| Growth | 85 | weight 15% |
| Consistency | 68 | weight 15% |
Durability: 63 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is ELCON BROKER AS?
The operating margin was 24.4% in 2025, against a median of 2.5% among companies in the Morning class Small in the same sector. Return on assets was 65.1%.
How solid is ELCON BROKER AS?
The equity ratio was 47.7% in 2025 (median 38.3%). Debt-to-equity was 1.10 (median 0.99).
What is the liquidity of ELCON BROKER AS like?
The current ratio was 2.02 in 2025 (median 1.70).
How does ELCON BROKER AS compare in Handel?
ELCON BROKER AS ranks 3,646 of 38,670 in Handel for 2025. Among companies in the Morning class Small it is number 3,438 of 36,579. Revenue changed by 44.7% from the year before.
From the Central Coordinating Register
- Org. no.
- 967926140
- Legal form
- AS
- Sector
- Handel (46.900)
- Morning company class
- Small
- Employees
- 0–4 (not registered)
- Founded
- 31 August 1993 33 years in operation
- Share capital
- 0.25 MNOK
- Business address
- Våleveien 25, 3083 HOLMESTRAND
- Municipality
- Holmestrand rank 7–14 of 27 in KOSTRA group 9
- Latest accounts filed
- 2025
- Website
- www.elcon-broker.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
- Robert Frøland Bolin
- Chair of the board
- Bjørn Bolin
- Board member
- Robert Frøland Bolin
- Deputy member
- Nils Petter Steen
- Auditor
- BDO AS
- Accountant
- ADMENTO 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 28 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 59 | 59 | 73 | |
| Rank | 11,832 | 12,114 | 3,646 | |
| Operating margin | 12.0% | 19.1% | 24.4% | |
| Return on assets | 17.0% | 32.0% | 65.1% | |
| Equity ratio | 38.1% | 39.5% | 47.7% | |
| Current ratio | 1.40 | 1.43 | 2.02 | |
| Revenue growth | – | −9.3% | 44.7% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 17.9 MNOK | 16.2 MNOK | 23.4 MNOK |
| Operating profit | 2.2 MNOK | 3.1 MNOK | 5.7 MNOK |
| Profit before tax | 2.0 MNOK | 3.1 MNOK | 5.6 MNOK |
| Net profit | 1.6 MNOK | 2.4 MNOK | 4.4 MNOK |
| Financial expenses | 0.2 MNOK | 0.1 MNOK | 0.2 MNOK |
| Total assets | 13.0 MNOK | 9.8 MNOK | 8.9 MNOK |
| Current assets | 11.1 MNOK | 8.3 MNOK | 7.7 MNOK |
| Equity | 5.0 MNOK | 3.9 MNOK | 4.3 MNOK |
| Retained earnings | 4.7 MNOK | 3.6 MNOK | 4.0 MNOK |
| Total liabilities | 8.1 MNOK | 5.9 MNOK | 4.7 MNOK |
| Current liabilities | 7.9 MNOK | 5.8 MNOK | 3.8 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 28 October 2026, accounts id 6632553.
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