Trym Eiendom AS
Score · fiscal year 2025
51of 100
How to read this: the company is ahead of 54 % of companies in the Morning class Small in the same sector in 2025. What does this mean?
Rank in the Morning class Small: 749 of 1,627 · What are Morning company classes?
Place in the whole sector: 3,627 of 7,895 · Eiendom
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 33 and solidity 74 out of 100 among companies in the Morning class Small in the same sector in 2025. Methodology
Against the sector
Trym Eiendom AS is 1 points above the median for companies in the Morning class Small in the same sector in 2025.
Median score 50 among 1,627 companies.
Against companies in the Morning class Small in the same sector in 2025: operating margin −110.1% (median 22.3%) and equity ratio 51.2% (median 28.0%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 24 MNOK | 18 MNOK |
| Operating margin | −110.1% | 22.3% |
| Profit margin | 406.6% | 14.1% |
| Return on assets | 12.2% | 8.3% |
| Equity ratio | 51.2% | 28.0% |
| Debt-to-equity | 0.95 | 2.33 |
| Current ratio | 1.79 | 1.28 |
| Revenue growth | 2.0% | 4.5% |
| Revenue per employee | 1.74 MNOK | 1.90 MNOK |
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 51, Trym Eiendom AS does better than 54% of companies in the Morning class Small in the same sector (1,627 companies) in 2025.
Score 2023–2025
- Trym Eiendom AS
- Median: companies in the Morning class Small in the same sector
Trym Eiendom AS has a score of 51 for 2025, rank 3,627 of 7,895 in the sector.
Strongest: Solidity: percentile 74 against peers, equity ratio 51.2% against a median of 28.0%. Liquidity: percentile 65 against peers, current ratio 1.79 against a median of 1.28.
Weakest: Profitability: percentile 33 against peers, operating margin −110.1% against a median of 22.3%. Growth: percentile 36 against peers, revenue growth 2.0% against a median of 4.5%.
Worth a closer look
- The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors? Based on: operating margin −110.1% (median 22.3%).
- What lies behind weak profitability, and will it last?
- What lies behind weak growth, and will it last?
- The change in operating margin in 2025 was 31.7 percentage points weaker than for comparable companies: the company −29.7, the industry +1.9 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
The industry or the company: what drove the result?
In 2025 the operating margin of Trym Eiendom AS fell by 29.7 percentage points. Comparable companies rose by a median 1.9 points. So the company did 31.7 points weaker than the industry, for reasons of its own.
Over 2 year-to-year changes Trym Eiendom AS moved the same way as comparable companies 0 times. About 8% 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 | −80.3% | 20.3% | −19.8 percentage points | +2.8 percentage points | −22.7 percentage points |
| 2025 | −110.1% | 22.3% | −29.7 percentage points | +1.9 percentage points | −31.7 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 Trym Eiendom 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 Trym Eiendom AS fell 29.7 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 | – | – | −60.5% | −80.3% | −110.1% | – |
Source: SSB (07221, CC BY 4.0). Source
Policy rate (prosent)
Policy rate fell 0.20 percentage points in 2025; the operating margin of Trym Eiendom AS fell 29.7 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 | – | – | −60.5% | −80.3% | −110.1% | – |
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 Trym Eiendom AS fell 29.7 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 | – | – | −60.5% | −80.3% | −110.1% | – |
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 Trym Eiendom AS fell 29.7 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Consumer price index, annual average | 84.3 | 89.2 | 94.1 | 97.0 | 100.0 | 102.9 (so far) |
| Change from the year before | +3.5% | +5.8% | +5.5% | +3.2% | +3.0% | +2.9% |
| The company's operating margin | – | – | −60.5% | −80.3% | −110.1% | – |
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 Trym Eiendom AS fell 29.7 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 | – | – | −60.5% | −80.3% | −110.1% | – |
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
Trym Eiendom AS had an operating margin of −110.1% and an equity ratio of 51.2% in 2025, and ranks 3,627 of 7,895 in Eiendom.
From 2024 to 2025: the operating margin fell from −80.3% to −110.1% and the equity ratio rose from 45.1% to 51.2%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 313 MNOK and 432 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.6 | 432 MNOK |
| EV/EBIT | 22.6 | not meaningful |
| P/B | 0.9 | 313 MNOK |
The listed basis is the value at listed multiples. The estimate is lowered by 39% for an unlisted company: 20% for lack of marketability and 24% for size (a small-company premium of 2% on the cost of equity).
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
The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors?
Based on: Operating margin −110.1% (median 22.3%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 6.8% 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.
See interest rates, prices and exchange rates for the sector
Data quality
- watch Extreme margin: check 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 21.9%. Based on the 9 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 33 | weight 30% |
|---|---|---|
| Solidity | 74 | weight 25% |
| Liquidity | 65 | weight 15% |
| Growth | 36 | weight 15% |
| Consistency | 51 | weight 15% |
Durability: 50 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Trym Eiendom AS?
The operating margin was −110.1% in 2025, against a median of 22.3% among companies in the Morning class Small in the same sector. Return on assets was 12.2%.
How solid is Trym Eiendom AS?
The equity ratio was 51.2% in 2025 (median 28.0%). Debt-to-equity was 0.95 (median 2.33).
What is the liquidity of Trym Eiendom AS like?
The current ratio was 1.79 in 2025 (median 1.28).
How does Trym Eiendom AS compare in Eiendom?
Trym Eiendom AS ranks 3,627 of 7,895 in Eiendom for 2025. Among companies in the Morning class Small it is number 749 of 1,627. Revenue changed by 2.0% from the year before.
Group accounts
The company is registered as part of a group, but we have no group accounts for it. Group accounts are filed by the parent company, and open data does not say which company that is.
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.
Group structure · 2025
29 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.
No owner holds more than half of the shares in Finnbuan AS.
Group accounts. Finnbuan AS for 2025: index 74 of 100, number 10 of 126 groups. See the group accounts
-
Finnbuan AS
-
Trym AS
-
Trym Eiendom AS you are here
- Næringsbygg AS
-
Nomek AS
- Org. no. 993044512
- Laup AS
- Reppe Utbygging AS
- Ruta Byggfornyelse AS
- Tuu 8 AS
- Wcm AS
-
-
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.
- 998166292
- Legal form
- AS · part of a group
- Sector
- Eiendom (68.110)
- Morning company class
- Small
- Employees
- 14 registered 10 May 2026
- Founded
- 20 March 2012 14 years in operation
- Share capital
- 19.50 MNOK
- Business address
- Bratsbergvegen 2A, 7031 TRONDHEIM
- Municipality
- Trondheim rank 3 of 11 in KOSTRA group 12
- Latest accounts filed
- 2025
- LEI
- 894500J7MVPVS08T4L75 renews 11 April 2027
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 1 November 2026. Only names are shown.
- Parent company
- Trym AS (Norway)
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 31 October 2026. The parent is the one the company itself reported to GLEIF.
Shareholders (2025)
- Number of shareholders
- 3 (one owner holds more than half)
- Largest owner
- 98.4%
- Split
- companies 100% · private persons 0% · foreign 0%
- Owned from the same municipality
- 100%
- Group chain
-
Owned by: Trym AS (98%)
Ultimate owner: Finnbuan AS
- Trym AS · 98.4%
- Fagrabrekka AS · 1.2%
- Fraga AS · 0.4%
The company is new in the shareholder register in 2025.
Majority owner of: Brøsetvegen 186 AS (100%), Varden Boligeiendom 1 AS (100%), Tuu 10 AS (100%), Tyholttårnet AS (100%), Prinsensgate 32 AS (100%), Fossegrenda 11 AS (100%), Nye Valentinlyst AS (100%), Varden Utleie AS (100%)
The portfolio: 8 of the companies it owns shares in have accounts with us, 6 of them as majority owner. The average index is 51. 0 have negative equity and 3 made a loss in the latest year.
Holds shares in: Brøset Utvikling AS (25%), Migosenteret AS (100%), Brøsetvegen 186 AS (100%), Varden Boligeiendom 1 AS (100%), Tuu 10 AS (100%), Prinsensgate 32 AS (100%), Nye Valentinlyst AS (100%), Varden Utleie 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.
Figures last fetched 5 November 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 45 | 55 | 51 | |
| Rank | 4,257 | 2,884 | 3,627 | |
| Operating margin | −60.5% | −80.3% | −110.1% | |
| Return on assets | 14.8% | 12.0% | 12.2% | |
| Equity ratio | 52.6% | 45.1% | 51.2% | |
| Current ratio | 0.87 | 1.47 | 1.79 | |
| Revenue growth | – | 21.5% | 2.0% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 19.7 MNOK | 23.9 MNOK | 24.4 MNOK |
| Operating profit | −11.9 MNOK | −19.2 MNOK | −26.9 MNOK |
| Profit before tax | 38.1 MNOK | 92.9 MNOK | 99.3 MNOK |
| Tax expense | 8.4 MNOK | 18.7 MNOK | 2.6 MNOK |
| Net profit | 29.7 MNOK | 74.2 MNOK | 96.7 MNOK |
| Financial expenses | 12.0 MNOK | 33.4 MNOK | 37.1 MNOK |
| Total assets | 337.3 MNOK | 1,051.4 MNOK | 1,114.9 MNOK |
| Current assets | 90.3 MNOK | 238.6 MNOK | 303.4 MNOK |
| Equity | 177.5 MNOK | 474.0 MNOK | 570.8 MNOK |
| Retained earnings | 5.6 MNOK | 273.5 MNOK | 370.2 MNOK |
| Total liabilities | 159.8 MNOK | 577.3 MNOK | 544.1 MNOK |
| Current liabilities | 103.3 MNOK | 162.3 MNOK | 169.1 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 5 November 2026, accounts id 6954090.
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