Holding 2 AS
Score · fiscal year 2024
Not enough data: Holding company (ranked in the list «Holding and investment companies»)
Based on the annual accounts for 2024
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 0 MNOK | 10 MNOK |
| Operating margin | – | 15.9% |
| Profit margin | – | 8.4% |
| Return on assets | 6.9% | 5.1% |
| Equity ratio | 96.6% | 37.8% |
| Debt-to-equity | 0.04 | 1.51 |
| Current ratio | 23.77 | 1.51 |
| Revenue growth | – | −9.0% |
The median and “ahead of” refer to companies in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
Score over time
Score over time needs at least two fiscal years with a score. It will appear when next year's figures are fetched or history is imported.
What the numbers say
Holding 2 AS had an equity ratio of 96.6% in 2024. The company is not ranked: holding company (ranked in the list «holding and investment companies»).
No large changes in the key figures from 2023 to 2024.
This text is generated automatically from the 2024 accounts.
Three simple methods
The methods give between 342 MNOK and 404 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 14.0 | 342 MNOK |
| EV/EBIT | 13.3 | not meaningful |
| P/B | 1.5 | 404 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
No rules were triggered for this year.
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 5.8% 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
- watch No revenue but large assets
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 3.3%. Based on the 5 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
Questions and answers
How profitable is Holding 2 AS?
The operating margin was – in 2024, against a median of 15.9% among companies in the same sector. Return on assets was 6.9%.
How solid is Holding 2 AS?
The equity ratio was 96.6% in 2024 (median 37.8%). Debt-to-equity was 0.04 (median 1.51).
What is the liquidity of Holding 2 AS like?
The current ratio was 23.77 in 2024 (median 1.51).
Group accounts · 2025
70 of 100
Rank 3 of 41 groups in the Morning class Large in Kraft og energi. Groups are ranked only against other groups in the same sector and class, never against single companies.
- Operating revenue, group
- 3,759 MNOK
- Operating profit, group
- 133 MNOK
- Profit before tax, group
- 142 MNOK
- Total assets, group
- 2,753 MNOK
- Equity, group
- 2,044 MNOK
| Key figure | The group | The company alone (2024) |
|---|---|---|
| Operating margin | 3.5% | – |
| Return on assets | 5.9% | – |
| Equity ratio | 74.2% | – |
| Current ratio | 3.93 | – |
| Revenue growth | 0.8% | – |
Group index in earlier years: 2023: 77 (3 of 41), 2024: 76 (3 of 40).
Same formulas and weights as the company index. Group and company are never added together, and the group accounts are not part of sector averages or company rankings.
Source: Brønnøysund Register Centre, group accounts 2025 (open data, NLOD 2.0).
We do not show the group structure, because open data does not say who owns whom.
From the Central Coordinating Register
- Org. no.
- 889001992
- Legal form
- AS
- Sector
- Kraft og energi (35.150)
- Employees
- 0–4 (not registered)
- Founded
- 29 November 2005 20 years in operation
- Share capital
- 3.00 MNOK
- Business address
- Sloraveien 4, 1462 FJELLHAMAR (LØRENSKOG)
- Municipality
- Lørenskog rank 1–10 of 13 in KOSTRA group 10
- 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 29 October 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: Kvitfjell Hotel AS (100%), Storgata Eiendom Lillehammer AS (100%), Tom Hagen Eiendom AS (100%), Fnp Område AS (100%), Fnp Tomt 1 AS (100%), Fnp Tomt 3 AS (100%), Fnp Tomt 2 AS (100%), Starveien AS (100%)
The portfolio: 6 of the companies it owns shares in have accounts with us, 6 of them as majority owner. The average index is 56. 0 have negative equity and 1 made a loss in the latest year.
Holds shares in: F1 Funds AS (45%), ELKRAFT AKSJESELSKAP (70%), Kvitfjell Hotel AS (100%), Condis Lørenskog AS (85%), Tom Hagen Eiendom AS (100%), Starveien AS (100%), Storgata Eiendom Lillehammer AS (100%), Norecon 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 26 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | – | – | – | |
| Rank | – | – | – | |
| Operating margin | – | – | – | |
| Return on assets | 12.3% | 6.9% | 6.3% | |
| Equity ratio | 97.9% | 96.6% | 97.4% | |
| Current ratio | 39.57 | 23.77 | 31.28 | |
| Revenue growth | – | – | – |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Operating profit | −0.2 MNOK | −0.2 MNOK | −0.3 MNOK |
| Profit before tax | 55.1 MNOK | 30.5 MNOK | 27.9 MNOK |
| Tax expense | 2.3 MNOK | 3.2 MNOK | 3.1 MNOK |
| Net profit | 52.8 MNOK | 27.3 MNOK | 24.8 MNOK |
| Financial expenses | 0.2 MNOK | 0.9 MNOK | 0.5 MNOK |
| Total assets | 449.4 MNOK | 457.8 MNOK | 448.1 MNOK |
| Current assets | 360.3 MNOK | 369.1 MNOK | 360.8 MNOK |
| Equity | 439.9 MNOK | 442.2 MNOK | 436.4 MNOK |
| Retained earnings | 417.1 MNOK | 419.3 MNOK | 413.6 MNOK |
| Total liabilities | 9.4 MNOK | 15.6 MNOK | 11.6 MNOK |
| Current liabilities | 9.1 MNOK | 15.5 MNOK | 11.5 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 6291441.