Anders Eidsgaard 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
Score · fiscal year 2024
39of 100
How to read this: the company is ahead of 25 % of companies in the Morning class Micro in the same sector in 2024. What does this mean?
Rank in the Morning class Micro: 17,021 of 22,754 · What are Morning company classes?
Place in the whole sector: 21,511 of 28,613 · Eiendom
Profile
Elephant · Steward
Lower profitability, high resilience
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 30 and resilience 67 out of 100 among companies in the Morning class Micro in the same sector in 2024. Methodology
Against the sector
Anders Eidsgaard AS is 11 points below the median for companies in the Morning class Micro in the same sector in 2024.
Median score 50 among 22,751 companies.
Against companies in the Morning class Micro in the same sector in 2024: operating margin 31.4% (median 46.9%) and equity ratio 72.6% (median 27.4%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 1 MNOK | 2 MNOK |
| Operating margin | 31.4% | 46.9% |
| Profit margin | 26.9% | 21.7% |
| Return on assets | 3.8% | 7.5% |
| Equity ratio | 72.6% | 27.4% |
| Debt-to-equity | 0.38 | 2.14 |
| Current ratio | 0.70 | 1.37 |
| Revenue growth | −15.5% | 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 39, Anders Eidsgaard AS does better than 25% of companies in the Morning class Micro in the same sector (22,754 companies) in 2024.
Score 2023–2025
- Anders Eidsgaard 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. |
293 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. |
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. |
−37.7% | −12.9% | |
| Cash share of current assets How much of the short-term buffer is bank deposits and cash. |
2.3% | 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. |
6.9 | 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. |
2.0% | 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. |
48.0% | 83.2% | |
Net working capital (current assets less bank deposits less current liabilities): −0.6 MNOK.
Of the financial costs of 0.1 MNOK, 0.1 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
Anders Eidsgaard AS had an operating margin of 31.4% and an equity ratio of 72.6% in 2024, and ranks 21,511 of 28,613 in Eiendom.
From 2023 to 2024: the operating margin fell from 49.6% to 31.4% and the equity ratio fell from 82.3% to 72.6%.
This text is generated automatically from the 2024 accounts.
Three simple methods
The methods give between 4 MNOK and 6 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.5 | 4 MNOK |
| EV/EBIT | 19.2 | 6 MNOK |
| P/B | 0.7 | 4 MNOK |
| EV/EBIT: from enterprise value to equity | NOK |
|---|---|
| Enterprise value (EV) at the listed multiple | 13 MNOK |
| Enterprise value after the size adjustment | 8 MNOK |
| Less net debt (rough figure) | 2 MNOK |
| Equity value | 6 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
Worth a closer look
- watch
Consider strengthening liquidity: current liabilities are 1.4 times current assets.
Based on: Current ratio 0.70 (median 1.37).
- 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 293 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 −37.7% (median −12.9%); Current ratio 0.70 (median 1.37).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 2.0% 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 15.2%. 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 | 30 | weight 40% |
|---|---|---|
| Solidity | 82 | weight 20% |
| Liquidity | 31 | weight 5% |
| Growth | 12 | weight 25% |
| Consistency | 56 | weight 10% |
Three goals: profitability 40%, growth 25%, resilience 35%. Why these weights?
Durability: 53 (average over 2 years)
Index version 3. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Anders Eidsgaard AS?
The operating margin was 31.4% in 2024, against a median of 46.9% among companies in the Morning class Micro in the same sector. Return on assets was 3.8%.
How solid is Anders Eidsgaard AS?
The equity ratio was 72.6% in 2024 (median 27.4%). Debt-to-equity was 0.38 (median 2.14).
What is the liquidity of Anders Eidsgaard AS like?
The current ratio was 0.70 in 2024 (median 1.37). Current assets did not cover current liabilities.
How does Anders Eidsgaard AS compare in Eiendom?
Anders Eidsgaard AS ranks 21,511 of 28,613 in Eiendom for 2024. Among companies in the Morning class Micro it is number 17,021 of 22,754. Revenue changed by −15.5% from the year before.
Group structure · 2025
2 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.
Private persons own 100% of the shares in Anders Eidsgaard AS. Persons are not shown by name.
Anders Eidsgaard 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 (2 companies) 2 of 2 companies in the tree have accounts with us. Sectors are sorted by the companies' own revenue, which includes sales between the group's companies.
- Loss
- 2 companies: Eid Næringsdrift AS, Anders Eidsgaard 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.
-
Anders Eidsgaard AS you are here
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.
From the Central Coordinating Register
- Org. no.
- 980213226
- Legal form
- AS
- Sector
- Eiendom (68.200)
- Morning company class
- Micro
- Employees
- 0–4 (not registered)
- Founded
- 12 October 1998 28 years in operation
- Share capital
- 0.10 MNOK
- Business address
- Sentrumsvegen 130, 3550 GOL
- Municipality
- Gol rank 10–24 of 33 in KOSTRA group 5
- Audit
- Audit opted out from 16 October 2020
- Latest accounts filed
- 2025
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
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 0% · private persons 100% · foreign 0%
- Owned from the same municipality
- 100%
- Group chain
- Ultimate owner: private person
Change 2007–2025: no material change in the owners.
Majority owner of: Eid Næringsdrift AS (100%)
Holds shares in: Eid Næringsdrift 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 | 68 | 39 | 36 | |
| Rank | 5,068 | 21,511 | 23,833 | |
| Operating margin | 49.6% | 31.4% | −0.7% | |
| Return on assets | 7.7% | 3.8% | 0.0% | |
| Equity ratio | 82.3% | 72.6% | 71.8% | |
| Current ratio | 2.34 | 0.70 | 0.86 | |
| Revenue growth | – | −15.5% | 12.5% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 1.8 MNOK | 1.5 MNOK | 1.7 MNOK |
| Operating profit | 0.9 MNOK | 0.5 MNOK | 0.0 MNOK |
| Profit before tax | 0.8 MNOK | 0.4 MNOK | −0.1 MNOK |
| Tax expense | 0.2 MNOK | −0.2 MNOK | 0.0 MNOK |
| Net profit | 0.7 MNOK | 0.6 MNOK | −0.1 MNOK |
| Financial expenses | 0.0 MNOK | 0.1 MNOK | 0.1 MNOK |
| Total assets | 11.3 MNOK | 12.3 MNOK | 12.3 MNOK |
| Current assets | 1.7 MNOK | 1.2 MNOK | 1.7 MNOK |
| Equity | 9.3 MNOK | 8.9 MNOK | 8.9 MNOK |
| Retained earnings | 7.2 MNOK | 7.8 MNOK | 7.7 MNOK |
| Total liabilities | 2.0 MNOK | 3.4 MNOK | 3.5 MNOK |
| Current liabilities | 0.7 MNOK | 1.8 MNOK | 1.9 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 9 November 2026, accounts id 5913669.
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