Hell Hotel 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 Medium in the same sector. Green is better than most, amber about like the industry and red weaker than most.
- Profitability · operating margin 74.5% Better than the industry Industry: 22.4%
- Returns · return on assets 18.6% Better than the industry Industry: 7.8%
- Solidity · equity ratio 74.9% Better than the industry Industry: 30.2%
- Liquidity · current ratio 0.19 Weaker than the industry Industry: 1.31
- Growth · revenue growth 19.9% Better than the industry Industry: 6.0%
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
69of 100
How to read this: the company is ahead of 92 % of companies in the Morning class Medium in the same sector in 2025. What does this mean?
Rank in the Morning class Medium: 84 of 1,078 · What are Morning company classes?
Place in the whole sector: 3,311 of 30,137 · Eiendom
Profile
Lion · Leader
High profitability, high resilience
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 84 and resilience 67 out of 100 among companies in the Morning class Medium in the same sector in 2025. Methodology
Against the sector
Hell Hotel AS is 18 points above the median for companies in the Morning class Medium in the same sector in 2025.
Median score 51 among 1,078 companies.
Against companies in the Morning class Medium in the same sector in 2025: operating margin 74.5% (median 22.4%) and equity ratio 74.9% (median 30.2%).
How it has gone · 2023–2025
Revenue rose by 9 % from 2023 to 2025, to 50.5 MNOK. The operating margin fell from 78.3% in 2023 to 74.5% in 2025. The equity ratio fell from 76.5% in 2023 to 74.9% 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 | 46.5 MNOK | 42.1 MNOK | 50.5 MNOK |
| Operating profit | 36.4 MNOK | 32.3 MNOK | 37.6 MNOK |
| Net profit | 28.5 MNOK | 25.4 MNOK | 29.5 MNOK |
| Total assets | 212.8 MNOK | 199.4 MNOK | 203.9 MNOK |
| Equity | 162.8 MNOK | 157.9 MNOK | 152.8 MNOK |
| Total liabilities | 50.0 MNOK | 41.5 MNOK | 51.1 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.
- 976688376
- Legal form
- AS
- Sector
- Eiendom (68.200)
- Purpose
- Investering, sådeles kjøp og salg og utnyttelse av faste eiendommer, samt deltakelse som aksjonær eller på annen måte i andre foretagender, samt hva hermed står i forbindelse.
- Morning company class
- Medium
- Employees
- 0–4 (not registered)
- Founded
- 15 August 1996 30 years in operation
- Share capital
- 1.10 MNOK
- Business address
- Professor Brochs gate 14, 7030 TRONDHEIM
- Municipality
- Trondheim rank 3 of 11 in KOSTRA group 12
- Latest accounts filed
- 2025
- VAT registered
- Yes
- Former names
- Tjeld Hotel AS until 2007
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
Hell Hotel AS has a score of 69 for 2025, rank 3,311 of 30,137 in the sector.
Strongest: Profitability: percentile 84 against peers, operating margin 74.5% against a median of 22.4%. Solidity: percentile 80 against peers, equity ratio 74.9% against a median of 30.2%.
Weakest: Liquidity: percentile 12 against peers, current ratio 0.19 against a median of 1.31.
Worth a closer look
- Consider strengthening liquidity: current liabilities are 5.2 times current assets. Based on: current ratio 0.19 (median 1.31).
- The change in operating margin in 2025 was 15.8 percentage points better than for comparable companies: the company −2.3, the industry −18.1 points. That is the company's own, not something that hit the whole industry.
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 5.2 times current assets.
Based on: Current ratio 0.19 (median 1.31).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 0.0% 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 | 84 | weight 40% |
|---|---|---|
| Solidity | 80 | weight 20% |
| Liquidity | 12 | weight 5% |
| Growth | 47 | weight 25% |
| Consistency | 69 | weight 10% |
Three goals: profitability 40%, growth 25%, resilience 35%. Why these weights?
Durability: 72 (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 | 50 MNOK | 82 MNOK |
| Operating margin | 74.5% | 22.4% |
| Profit margin | 75.0% | 16.1% |
| Return on assets | 18.6% | 7.8% |
| Equity ratio | 74.9% | 30.2% |
| Debt-to-equity | 0.33 | 2.20 |
| Current ratio | 0.19 | 1.31 |
| Revenue growth | 19.9% | 6.0% |
The median and “ahead of” refer to companies in the Morning class Medium in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 69, Hell Hotel AS does better than 92% of companies in the Morning class Medium in the same sector (1,078 companies) in 2025.
Score 2023–2025
- Hell Hotel AS
- Median: companies in the Morning class Medium 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. |
71 days | 67 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. |
– | 2.7% | |
| Cash share of current assets How much of the short-term buffer is bank deposits and cash. |
– | 10.9% | |
| 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. |
53,626.9 | 3.6 | |
| 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. |
0.0% | 3.2% | |
| Long-term share of debt Long-term debt as a share of all debt. A low share means more falls due within a year. |
– | 59.6% | |
The median and the bar refer to companies in the Morning class Medium 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 Hell Hotel AS fell by 2.3 percentage points. Comparable companies fell by a median 18.1 points. So the company did 15.8 points better than the industry, for reasons of its own.
Over 2 year-to-year changes Hell Hotel AS moved the same way as comparable companies 1 times. About 51% 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 | 76.8% | 40.5% | −1.6 percentage points | +3.1 percentage points | −4.7 percentage points |
| 2025 | 74.5% | 22.4% | −2.3 percentage points | −18.1 percentage points | +15.8 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 Hell Hotel 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 Hell Hotel AS fell 2.3 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 | – | – | 78.3% | 76.8% | 74.5% | – |
Source: SSB (07221, CC BY 4.0). Source
Policy rate (prosent)
Policy rate fell 0.20 percentage points in 2025; the operating margin of Hell Hotel AS fell 2.3 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 | – | – | 78.3% | 76.8% | 74.5% | – |
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 Hell Hotel AS fell 2.3 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 | 158.4 (so far) |
| Change from the year before | +8.7% | +8.8% | +4.4% | +3.7% | +4.3% | +3.7% |
| The company's operating margin | – | – | 78.3% | 76.8% | 74.5% | – |
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 Hell Hotel AS fell 2.3 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 | – | – | 78.3% | 76.8% | 74.5% | – |
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 Hell Hotel AS fell 2.3 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 | – | – | 78.3% | 76.8% | 74.5% | – |
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
Hell Hotel AS had an operating margin of 74.5% and an equity ratio of 74.9% in 2025, and ranks 3,311 of 30,137 in Eiendom.
From 2024 to 2025: revenue grew by 20% and the operating margin fell from 76.8% to 74.5%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 73 MNOK and 199 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.5 | 199 MNOK |
| EV/EBIT | 19.2 | missing |
| P/B | 0.7 | 73 MNOK |
The listed basis is the value at listed multiples. The estimate is lowered for size: a small-company premium of 3% on the cost of equity gives a value 32% 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 Hell Hotel AS?
The operating margin was 74.5% in 2025, against a median of 22.4% among companies in the Morning class Medium in the same sector. Return on assets was 18.6%.
How solid is Hell Hotel AS?
The equity ratio was 74.9% in 2025 (median 30.2%). Debt-to-equity was 0.33 (median 2.20).
What is the liquidity of Hell Hotel AS like?
The current ratio was 0.19 in 2025 (median 1.31). Current assets did not cover current liabilities.
How does Hell Hotel AS compare in Eiendom?
Hell Hotel AS ranks 3,311 of 30,137 in Eiendom for 2025. Among companies in the Morning class Medium it is number 84 of 1,078. Revenue changed by 19.9% 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 |
|---|---|---|---|---|
| KLP Gryta AS · same municipality |  Cheetah |
51 MNOK | 54.5% | 58 |
| Bekkestua Senter AS | Cheetah |
51 MNOK | 64.3% | 50 |
| Ugland Air Property AS |  Lion |
51 MNOK | 43.5% | 67 |
| Nordic Residential Properties Ulven AS | Cheetah |
51 MNOK | 62.9% | 45 |
| Usegi AS | Lion |
51 MNOK | 99.7% | 96 |
| Hell Hotel AS (this company) | Lion |
50 MNOK | 74.5% | 69 |
| Sven Oftedals Vei 10 AS | Cheetah |
50 MNOK | 52.5% | 38 |
| Citycon Kolbotn Torg Eiendom AS |  Elephant |
50 MNOK | 41.2% | 47 |
| Solheimveien 7 AS | Cheetah |
50 MNOK | 55.7% | 40 |
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
92 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.
Kommunal Landspensjonskasse Gjensidig Forsikringsselskap owns 100% of the shares in KLP Eiendom AS.
KLP 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 (92 companies) 92 of 92 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
- 158 in all. Oslo 120, Trondheim 38 Registered employees in the Central Coordinating Register, by the municipality of the business address. Employees may work elsewhere.
- Loss
- 13 companies: KLP Stortorvet 7 AS, KLP Munkedamsveien 62 AS, Nordic Residential Properties Snølia AS, KLP Tempeveien 22 AS, Pilestredet 75 C AS, KLP Drammensveien 144 AS …
- Changed 2024–2025
- 19 companies joined the group, among them: Nordic Residential Properties Elvekvartalet AS, Nordic Residential Properties Spirea Park AS, Nordic Residential Properties Løren Stasjon AS, Nordic Residential Properties Bjørnåsveien AS, Nordic Residential Properties Løkenhagen AS, Nordic Residential Properties Paradisbuen 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.
-
KLP Eiendom AS
-
KLP Eiendom Trondheim Holding AS
- Hell Hotel AS you are here
- KLP Teknobyen AS
- KLP Næringsbygg Trondheim AS
- KLP Skipsbygget AS
- Jonsvollskvartalet AS
- KLP Gryta AS
- KLP Ferjemannsveien 10 AS
- KLP Ranheimsveien 10 AS
- KLP Klæbuveien AS
- KLP Ranheimsveien 9 AS
- KLP Østre Rosten 8 AS
- KLP Bassengtomten AS
- KLP Sluppen AS
- KLP Tempeveien 22 AS
- KLP Dybdahlsgården AS
- and 4 more companies
-
KLP Eiendom Oslo Holding AS
- KLP Eiendomsinvest AS
- KLP Stortorvet 7 AS
- Drammensveien 288 AS
- Akersgaten 55 AS
- KLP Ibsenkvartalet AS
- KLP Eufemia AS
- AS Hotel Atlantic
- Akersgata 64/68 AS
- KLP Schweigaardsgate 17-19 AS
- Holbergs Terrasse AS
- Fornebu Senter AS
- KLP Schweigaardsgate 21 AS
- KLP Schweigaardsgate 23 AS
- Hvaltorvet Senter AS
- KLP Munkedamsveien 35 AS
- and 30 more companies
-
Nordic Residential Properties AS
- Nordic Residential Properties Ulven AS
- Nordic Residential Properties Snølia AS
- Nordic Residential Properties Seterbråtveien AS
- Nordic Residential Properties Jessheim Hageby AS
- Nordic Residential Properties Skårersletta AS
- Nordic Residential Properties Sandsliflaten AS
- Nordic Residential Properties Spirea Park AS
- Nordic Residential Properties Gårdskvartalet AS
- Nordic Residential Properties Løkenhagen AS
- Nordic Residential Properties Langhus AS
- Nordic Residential Properties Lagunetoppen AS
- Nordic Residential Properties Elvekvartalet AS
- Nordic Residential Properties Paradisbuen AS
- Nordic Residential Properties Løren Stasjon AS
- Nordic Residential Properties Mortensrud Torg AS
- and 3 more companies
-
The tree shows up to 4 levels below the top. Large groups have more companies than shown.
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 7 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
- 100%
- Group chain
-
Owned by: KLP Eiendom Trondheim Holding AS (100%)
Ultimate owner: KOMMUNAL LANDSPENSJONSKASSE GJENSIDIG FORSIKRINGSSELSKAP
- KLP Eiendom Trondheim Holding AS · 100.0%
Change 2007–2025:
100% of the shares changed owner (1 new and 1 departed owners). The majority owner changed.
New owners (companies): KLP Eiendom Trondheim Holding AS
Departed (companies): KLP Eiendom Oslo AS
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 | 82 | 65 | 69 | |
| Rank | 1,334 | 5,145 | 3,311 | |
| Operating margin | 78.3% | 76.8% | 74.5% | |
| Return on assets | 17.2% | 16.3% | 18.6% | |
| Equity ratio | 76.5% | 79.2% | 74.9% | |
| Current ratio | 0.31 | 0.06 | 0.19 | |
| Revenue growth | – | −9.5% | 19.9% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 46.5 MNOK | 42.1 MNOK | 50.5 MNOK |
| Operating profit | 36.4 MNOK | 32.3 MNOK | 37.6 MNOK |
| Profit before tax | 36.5 MNOK | 32.6 MNOK | 37.8 MNOK |
| Tax expense | 8.0 MNOK | 7.2 MNOK | 8.3 MNOK |
| Net profit | 28.5 MNOK | 25.4 MNOK | 29.5 MNOK |
| Financial expenses | – | 0.0 MNOK | 0.0 MNOK |
| Total assets | 212.8 MNOK | 199.4 MNOK | 203.9 MNOK |
| Current assets | 14.8 MNOK | 2.5 MNOK | 9.8 MNOK |
| Equity | 162.8 MNOK | 157.9 MNOK | 152.8 MNOK |
| Retained earnings | 143.9 MNOK | 139.0 MNOK | 133.9 MNOK |
| Total liabilities | 50.0 MNOK | 41.5 MNOK | 51.1 MNOK |
| Current liabilities | 47.7 MNOK | 40.6 MNOK | 51.1 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 9 November 2026, accounts id 6577521.
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