HEGA AS
Score · fiscal year 2024
50of 100
How to read this: the company is ahead of 50 % of small companies in the same sector in 2024. What does this mean?
Rank: 15,708 of 31,120 · Bygg og anlegg
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 5 and solidity 68 out of 100 among small companies in the same sector in 2024. Methodology
Against the sector
HEGA AS is at the median for small companies in the same sector in 2024.
Median score 50 among 30,024 companies.
Against small companies in the same sector in 2024: operating margin −30.4% (median 3.8%) and equity ratio 59.9% (median 36.8%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 13 MNOK | 3 MNOK |
| Operating margin | −30.4% | 3.8% |
| Profit margin | −32.4% | 3.4% |
| Return on assets | −103.7% | 5.8% |
| Equity ratio | 59.9% | 36.8% |
| Debt-to-equity | 0.67 | 1.19 |
| Current ratio | 2.45 | 1.45 |
| Revenue growth | 21.9% | 1.8% |
The median and “ahead of” refer to small companies in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
With an index of 50, HEGA AS does better than 50% of small companies in the same sector (30,095 companies) in 2024.
Score 2023–2025
- HEGA AS
- Median: small companies in the same sector
What the numbers say
HEGA AS had an operating margin of −30.4% and an equity ratio of 59.9% in 2024, and ranks 15,708 of 31,120 in Bygg og anlegg.
From 2023 to 2024: the operating margin fell from 1.6% to −30.4% and went from a profit to a loss before tax.
This text is generated automatically from the 2024 accounts.
Three simple methods
One method gives a figure: 2 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 2 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
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −32.4% (median 3.4%).
- 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 −30.4% (median 3.8%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 18.6% 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.
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 2.4%. 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 | 5 | weight 30% |
|---|---|---|
| Solidity | 68 | weight 25% |
| Liquidity | 74 | weight 15% |
| Growth | 71 | weight 15% |
| Consistency | 65 | weight 15% |
Durability: 56 (average over 2 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is HEGA AS?
The operating margin was −30.4% in 2024, against a median of 3.8% among small companies in the same sector. Return on assets was −103.7%. The company made a loss before tax.
How solid is HEGA AS?
The equity ratio was 59.9% in 2024 (median 36.8%). Debt-to-equity was 0.67 (median 1.19).
What is the liquidity of HEGA AS like?
The current ratio was 2.45 in 2024 (median 1.45).
How does HEGA AS compare in Bygg og anlegg?
HEGA AS ranks 15,708 of 31,120 in Bygg og anlegg for 2024. Among companies of the same size (small companies) it ranks 15,160 of 30,095. Revenue changed by 21.9% from the year before.
From the Central Coordinating Register
- Org. no.
- 995818221
- Legal form
- AS
- Sector
- Bygg og anlegg (41.000)
- Size tier
- small
- Employees
- 0–4 (not registered)
- Founded
- 15 July 2010 16 years in operation
- Share capital
- 0.10 MNOK
- Business address
- Mysterudvegen 47, 2164 SKOGBYGDA (NES)
- Municipality
- Nes rank 10–23 of 27 in KOSTRA group 9
- 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
- Chief executive
- Harald Arnfinn Kjærnli
- Chair of the board
- Harald Arnfinn Kjærnli
- Deputy member
- Jonas Kjærnli
- Auditor
- ÅRNES REVISJON AS
- Accountant
- Fenstad Regnskapskontor A/S
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 29 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 62 | 50 | 36 | |
| Rank | 8,684 | 15,708 | 24,243 | |
| Operating margin | 1.6% | −30.4% | −321.1% | |
| Return on assets | 5.9% | −103.7% | −156.9% | |
| Equity ratio | 51.5% | 59.9% | 60.9% | |
| Current ratio | 4.80 | 2.45 | 2.54 | |
| Revenue growth | – | 21.9% | −96.3% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 10.3 MNOK | 12.5 MNOK | 0.5 MNOK |
| Operating profit | 0.2 MNOK | −3.8 MNOK | −1.5 MNOK |
| Profit before tax | 0.6 MNOK | −4.1 MNOK | −1.5 MNOK |
| Net profit | 0.5 MNOK | −4.1 MNOK | −1.5 MNOK |
| Financial expenses | 0.1 MNOK | 0.3 MNOK | 0.0 MNOK |
| Total assets | 12.1 MNOK | 3.6 MNOK | 0.9 MNOK |
| Current assets | 12.0 MNOK | 3.6 MNOK | 0.9 MNOK |
| Equity | 6.2 MNOK | 2.2 MNOK | 0.6 MNOK |
| Retained earnings | 6.1 MNOK | 2.1 MNOK | 0.5 MNOK |
| Total liabilities | 5.9 MNOK | 1.5 MNOK | 0.4 MNOK |
| Current liabilities | 2.5 MNOK | 1.5 MNOK | 0.4 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 29 October 2026, accounts id 6313037.
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