HSH AS
Score · fiscal year 2025
21of 100
How to read this: the company is ahead of 6 % of medium-sized companies in the same sector in 2025. What does this mean?
Rank: 28,881 of 32,581 · Bygg og anlegg
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 20 and solidity 14 out of 100 among medium-sized companies in the same sector in 2025. Methodology
Against the sector
HSH AS is 29 points below the median for medium-sized companies in the same sector in 2025.
Median score 50 among 1,024 companies.
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating margin | – | 4.6% |
| Profit margin | – | 4.6% |
| Return on assets | 2.3% | 10.7% |
| Equity ratio | 15.7% | 31.2% |
| Debt-to-equity | 5.36 | 2.19 |
| Current ratio | 0.99 | 1.36 |
| Revenue growth | – | 6.6% |
The median and “ahead of” refer to medium-sized companies in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 21, HSH AS does better than 6% of medium-sized companies in the same sector (1,030 companies) in 2025.
Score 2023–2025
- HSH AS
- Median: medium-sized companies in the same sector
HSH AS has a score of 21 for 2025, rank 28,881 of 32,581 in the sector.
Strongest: Consistency: percentile 39 against peers.
Weakest: Liquidity: percentile 14 against peers, current ratio 0.99 against a median of 1.36. Solidity: percentile 14 against peers, equity ratio 15.7% against a median of 31.2%.
Worth a closer look
- Consider strengthening liquidity: current liabilities are 1.0 times current assets. Based on: current ratio 0.99 (median 1.36).
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin – (median 4.6%).
- What lies behind weak solidity, 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
HSH AS had an operating margin of – and an equity ratio of 15.7% in 2025, and ranks 28,881 of 32,581 in Bygg og anlegg.
From 2024 to 2025: went from a profit to a loss before tax.
This text is generated automatically from the 2025 accounts.
Three simple methods
One method gives a figure: 30 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 30 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 1.36).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin – (median 4.6%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 3.0% 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.
Data quality
- watch Revenue not reported
- 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 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 | 20 | weight 30% |
|---|---|---|
| Solidity | 14 | weight 25% |
| Liquidity | 14 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 39 | weight 15% |
Durability: 21 (average over 3 years)
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is HSH AS?
The operating margin was – in 2025, against a median of 4.6% among medium-sized companies in the same sector. Return on assets was 2.3%. The company made a loss before tax.
How solid is HSH AS?
The equity ratio was 15.7% in 2025 (median 31.2%). Debt-to-equity was 5.36 (median 2.19).
What is the liquidity of HSH AS like?
The current ratio was 0.99 in 2025 (median 1.36). Current assets did not cover current liabilities.
How does HSH AS compare in Bygg og anlegg?
HSH AS ranks 28,881 of 32,581 in Bygg og anlegg for 2025. Among companies of the same size (medium-sized companies) it ranks 968 of 1,030.
Group accounts · 2025
38 of 100
Rank 1069 of 1413 groups with group accounts. Groups are ranked only against each other, not against single companies.
- Operating revenue, group
- 593 MNOK
- Operating profit, group
- 12 MNOK
- Profit before tax, group
- 9 MNOK
- Total assets, group
- 456 MNOK
- Equity, group
- 138 MNOK
| Key figure | The group | The company alone (2025) |
|---|---|---|
| Operating margin | 2.0% | – |
| Return on assets | 3.5% | 2.3% |
| Equity ratio | 30.3% | 15.7% |
| Current ratio | 1.73 | 0.99 |
| Revenue growth | −6.5% | – |
Group index in earlier years: 2023: 41 (1156 of 1810), 2024: 49 (760 of 1452).
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).
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.
We do not show the group structure, because open data does not say who owns whom.
From the Central Coordinating Register
- Org. no.
- 912851575
- Legal form
- AS · part of a group
- Sector
- Bygg og anlegg (41.000)
- Size tier
- medium
- Employees
- 0–4 (not registered)
- Founded
- 26 November 2013 12 years in operation
- Share capital
- 5.03 MNOK
- Business address
- Markens gate 42, 4612 KRISTIANSAND S
- Municipality
- Kristiansand rank 2–6 of 11 in KOSTRA group 12
- 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
- Chair of the board
- Per Håkon Hansen
- Board member
- Svein Resmann
- Board member
- Lisa Skomedal
- Auditor
- IREVISJON 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 | 18 | 25 | 21 | |
| Rank | 25,429 | 26,381 | 28,881 | |
| Operating margin | – | – | – | |
| Return on assets | 4.0% | 4.4% | 2.3% | |
| Equity ratio | 12.0% | 16.3% | 15.7% | |
| Current ratio | 0.86 | 0.73 | 0.99 | |
| 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 | – |
| Operating profit | −0.4 MNOK | −0.2 MNOK | −0.2 MNOK |
| Profit before tax | 3.6 MNOK | 0.5 MNOK | −0.5 MNOK |
| Net profit | 2.8 MNOK | 0.4 MNOK | −0.4 MNOK |
| Financial expenses | 5.4 MNOK | 6.8 MNOK | 4.7 MNOK |
| Total assets | 224.1 MNOK | 166.6 MNOK | 187.6 MNOK |
| Current assets | 110.9 MNOK | 48.5 MNOK | 89.9 MNOK |
| Equity | 26.8 MNOK | 27.2 MNOK | 29.5 MNOK |
| Retained earnings | 21.2 MNOK | 21.6 MNOK | 21.2 MNOK |
| Total liabilities | 197.3 MNOK | 139.4 MNOK | 158.1 MNOK |
| Current liabilities | 128.4 MNOK | 66.9 MNOK | 90.5 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 7103701.
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