HADDING ELEKTRO AS
Score · fiscal year 2023
46of 100
How to read this: the company is ahead of 41 % of companies in the Morning class Small in the same sector in 2023. What does this mean?
Rank in the Morning class Small: 2,998 of 5,114 · What are Morning company classes?
Place in the whole sector: 10,574 of 18,403 · Bygg og anlegg
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2023, not a verdict on the company. Based on profitability 93 and solidity 22 out of 100 among companies in the Morning class Small in the same sector in 2023. Methodology
Against the sector
HADDING ELEKTRO AS is 5 points below the median for companies in the Morning class Small in the same sector in 2023.
Median score 51 among 5,114 companies.
Against companies in the Morning class Small in the same sector in 2023: operating margin 16.7% (median 5.0%) and equity ratio 17.8% (median 34.1%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 32 MNOK | 19 MNOK |
| Operating margin | 16.7% | 5.0% |
| Profit margin | 16.7% | 4.7% |
| Return on assets | 37.4% | 11.6% |
| Equity ratio | 17.8% | 34.1% |
| Debt-to-equity | 4.60 | 1.80 |
| Current ratio | 1.12 | 1.46 |
| Revenue growth | – | 3.3% |
| Revenue per employee | 2.10 MNOK | 1.66 MNOK |
The median and “ahead of” refer to companies in the Morning class Small in the same sector in 2023. The bar shows the share of companies the figure is ahead of.
With an index of 46, HADDING ELEKTRO AS does better than 41% of companies in the Morning class Small in the same sector (5,114 companies) in 2023.
Score 2023–2025
- HADDING ELEKTRO AS
- Median: companies in the Morning class Small in the same sector
What the numbers say
HADDING ELEKTRO AS had an operating margin of 16.7% and an equity ratio of 17.8% in 2023, and ranks 10,574 of 18,403 in Bygg og anlegg.
This text is generated automatically from the 2023 accounts.
Three simple methods
The methods give between 3 MNOK and 48 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 41 MNOK |
| EV/EBIT | 8.0 | 48 MNOK |
| P/B | 1.0 | 3 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
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 0.4% of the debt in 2023. The policy rate averaged 3.54 % 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 2021, the sector's weakest year, for this company.
The sector's weakest year was 2021, with a median operating margin of 1.8%. 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 | 93 | weight 30% |
|---|---|---|
| Solidity | 22 | weight 25% |
| Liquidity | 23 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 14 | weight 15% |
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is HADDING ELEKTRO AS?
The operating margin was 16.7% in 2023, against a median of 5.0% among companies in the Morning class Small in the same sector. Return on assets was 37.4%.
How solid is HADDING ELEKTRO AS?
The equity ratio was 17.8% in 2023 (median 34.1%). Debt-to-equity was 4.60 (median 1.80).
What is the liquidity of HADDING ELEKTRO AS like?
The current ratio was 1.12 in 2023 (median 1.46).
How does HADDING ELEKTRO AS compare in Bygg og anlegg?
HADDING ELEKTRO AS ranks 10,574 of 18,403 in Bygg og anlegg for 2023. Among companies in the Morning class Small it is number 2,998 of 5,114.
Public contracts
- Contracts awarded since 2024
- 0
- Total awarded value since 2024
- value not stated
| Date | Buyer | Notice | Value |
|---|---|---|---|
| 14 December 2023 | Viken Vest Innkjøpssamarbeid (VVI) | (2023/3899) Elektrikertjenester, rammeavtale | 10.0 MNOK |
Based on notices in Doffin. Does not show call-offs under framework agreements or purchases below the publication threshold. Values are as stated by the buyer.
Source: Doffin (DFØ), fetched 27 October 2026. Winners are matched on organisation number.
Contains data under the Norwegian licence for public data (NLOD 2.0) made available by Doffin/the Norwegian Agency for Public and Financial Management (DFØ). NLOD 2.0
From the Central Coordinating Register
- Org. no.
- 912079449
- Legal form
- AS
- Sector
- Bygg og anlegg (43.210)
- Morning company class
- Small
- Employees
- 15 registered 10 October 2024
- Founded
- 10 June 2013 13 years in operation
- Share capital
- 0.30 MNOK
- Business address
- Stasjonsvegen 27, 3540 NESBYEN
- Municipality
- Nesbyen rank 17–34 of 39 in KOSTRA group 4
- Latest accounts filed
- 2025
- Website
- www.haddingelektro.no
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
- Ivar Kristinn Hallsteinsson
- Chair of the board
- Leif Inge Dokken
- Board member
- Ivar Kristinn Hallsteinsson
- Board member
- Terje Dokken
- Board member
- Bjørn Arild Berg
- Board member
- Bjørnar Sæbø Ulsaker
- Board member
- Bjørn Olav Flatin Langslet
- Auditor
- REVISOR TEAM AS
- Accountant
- THON REGNSKAP AS
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 26 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 46 | 50 | 47 | |
| Rank | 10,574 | 9,762 | 11,472 | |
| Operating margin | 16.7% | 13.0% | 4.5% | |
| Return on assets | 37.4% | 34.0% | 10.5% | |
| Equity ratio | 17.8% | 24.8% | 34.1% | |
| Current ratio | 1.12 | 1.22 | 1.75 | |
| Revenue growth | – | −12.6% | −13.4% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 31.5 MNOK | 27.5 MNOK | 23.9 MNOK |
| Operating profit | 5.3 MNOK | 3.6 MNOK | 1.1 MNOK |
| Profit before tax | 5.3 MNOK | 3.6 MNOK | 1.0 MNOK |
| Net profit | 4.1 MNOK | 2.8 MNOK | 0.8 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK | 0.1 MNOK |
| Total assets | 14.2 MNOK | 10.7 MNOK | 10.7 MNOK |
| Current assets | 13.0 MNOK | 9.7 MNOK | 7.0 MNOK |
| Equity | 2.5 MNOK | 2.7 MNOK | 3.6 MNOK |
| Retained earnings | 0.4 MNOK | 0.6 MNOK | 1.4 MNOK |
| Total liabilities | 11.7 MNOK | 8.0 MNOK | 7.0 MNOK |
| Current liabilities | 11.6 MNOK | 7.9 MNOK | 4.0 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 4918925.
Further
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