Elite Construction Group AS
Accounts for 2025 are missing. The deadline was 31 July 2026. The Brønnøysund Register Centre does not publish when accounts arrived, only the latest year filed.
Score · fiscal year 2024
36of 100
How to read this: the company is ahead of 22 % of companies in the Morning class Medium in the same sector in 2024. What does this mean?
Rank in the Morning class Medium: 593 of 763 · What are Morning company classes?
Place in the whole sector: 1,804 of 2,391 · Industri
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 39 and solidity 19 out of 100 among companies in the Morning class Medium in the same sector in 2024. Methodology
Against the sector
Elite Construction Group AS is 15 points below the median for companies in the Morning class Medium in the same sector in 2024.
Median score 51 among 763 companies.
Against companies in the Morning class Medium in the same sector in 2024: operating margin 2.7% (median 4.9%) and equity ratio 21.9% (median 36.3%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 162 MNOK | 165 MNOK |
| Operating margin | 2.7% | 4.9% |
| Profit margin | 2.3% | 4.5% |
| Return on assets | 8.3% | 10.5% |
| Equity ratio | 21.9% | 36.3% |
| Debt-to-equity | 3.56 | 1.70 |
| Current ratio | 0.99 | 1.50 |
| Revenue growth | 105.2% | 5.4% |
| Revenue per employee | 0.64 MNOK | 2.58 MNOK |
The median and “ahead of” refer to companies in the Morning class Medium in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
With an index of 36, Elite Construction Group AS does better than 22% of companies in the Morning class Medium in the same sector (763 companies) in 2024.
Score 2022–2024
- Elite Construction Group AS
- Median: companies in the Morning class Medium in the same sector
Elite Construction Group AS has a score of 36 for 2024, rank 1,804 of 2,391 in the sector.
Strongest: Growth: percentile 98 against peers, revenue growth 105.2% against a median of 5.4%.
Weakest: Liquidity: percentile 15 against peers, current ratio 0.99 against a median of 1.50. Consistency: percentile 19 against peers.
Worth a closer look
- Consider strengthening liquidity: current liabilities are 1.0 times current assets. Based on: current ratio 0.99 (median 1.50).
- Strong growth with weak liquidity. Is the growth financed, or does it tie up capital the company does not have? Based on: revenue growth 105.2% (median 5.4%); current ratio 0.99 (median 1.50).
- What lies behind weak consistency, 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
What the numbers say
Elite Construction Group AS had an operating margin of 2.7% and an equity ratio of 21.9% in 2024, and ranks 1,804 of 2,391 in Industri.
From 2023 to 2024: revenue grew by 105%.
Elite Construction Group AS did about the same as the sector in 2022, the sector's weakest year.
This text is generated automatically from the 2024 accounts.
Three simple methods
The methods give between 14 MNOK and 37 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 29 MNOK |
| EV/EBIT | 8.0 | 37 MNOK |
| P/B | 1.0 | 14 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
- watch
Consider strengthening liquidity: current liabilities are 1.0 times current assets.
Based on: Current ratio 0.99 (median 1.50).
- watch
Strong growth with weak liquidity. Is the growth financed, or does it tie up capital the company does not have?
Based on: Revenue growth 105.2% (median 5.4%); Current ratio 0.99 (median 1.50).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 3.3% 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
The operating margin was 38.1% in 2022 (sector median −0.8%), and the equity ratio 87.5%. The company had a loss before tax that year. In the other years the operating margin averaged 3.1%.
The sector's weakest year was 2022, with a median operating margin of −0.8%. 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 | 39 | weight 30% |
|---|---|---|
| Solidity | 19 | weight 25% |
| Liquidity | 15 | weight 15% |
| Growth | 98 | weight 15% |
| Consistency | 19 | weight 15% |
Durability: 56 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Elite Construction Group AS?
The operating margin was 2.7% in 2024, against a median of 4.9% among companies in the Morning class Medium in the same sector. Return on assets was 8.3%.
How solid is Elite Construction Group AS?
The equity ratio was 21.9% in 2024 (median 36.3%). Debt-to-equity was 3.56 (median 1.70).
What is the liquidity of Elite Construction Group AS like?
The current ratio was 0.99 in 2024 (median 1.50). Current assets did not cover current liabilities.
How does Elite Construction Group AS compare in Industri?
Elite Construction Group AS ranks 1,804 of 2,391 in Industri for 2024. Among companies in the Morning class Medium it is number 593 of 763. Revenue changed by 105.2% from the year before.
From the Central Coordinating Register
- Org. no.
- 981369254
- Legal form
- AS
- Sector
- Industri (25.110)
- Morning company class
- Medium
- Employees
- 253 registered 10 October 2026
- Founded
- 24 November 1999 26 years in operation
- Share capital
- 0.99 MNOK
- Business address
- Lyngstrandvegen 65, 5474 LØFALLSTRAND (KVINNHERAD)
- Municipality
- Kvinnherad rank 4–9 of 13 in KOSTRA group 8
- Latest accounts filed
- 2024
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 31 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 31 October 2026.
Year by year · 2022–2024
| Key figure | 2022 | 2023 | 2024 | Trend |
|---|---|---|---|---|
| Index | 93 | 40 | 36 | |
| Rank | 1 | 1,556 | 1,804 | |
| Operating margin | 38.1% | 3.6% | 2.7% | |
| Return on assets | 8.4% | 6.1% | 8.3% | |
| Equity ratio | 87.5% | 23.8% | 21.9% | |
| Current ratio | 4.74 | 1.04 | 0.99 | |
| Revenue growth | – | 3,780.7% | 105.2% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2022 | 2023 | 2024 |
|---|---|---|---|
| Operating revenue | 2.0 MNOK | 79.0 MNOK | 162.1 MNOK |
| Operating profit | 0.8 MNOK | 2.9 MNOK | 4.3 MNOK |
| Profit before tax | −3.5 MNOK | 2.4 MNOK | 3.7 MNOK |
| Net profit | −3.7 MNOK | 12.1 MNOK | 2.9 MNOK |
| Financial expenses | 4.3 MNOK | 0.5 MNOK | 1.7 MNOK |
| Total assets | 9.4 MNOK | 47.6 MNOK | 64.9 MNOK |
| Current assets | 5.5 MNOK | 31.6 MNOK | 44.6 MNOK |
| Equity | 8.2 MNOK | 11.3 MNOK | 14.2 MNOK |
| Retained earnings | 7.3 MNOK | 10.3 MNOK | 13.2 MNOK |
| Total liabilities | 1.2 MNOK | 36.3 MNOK | 50.7 MNOK |
| Current liabilities | 1.2 MNOK | 30.5 MNOK | 44.9 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 31 October 2026, accounts id 6097817.
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