Balders Gate 28 AS
Score · fiscal year 2025
40of 100
How to read this: the company is ahead of 25 % of companies in the Morning class Medium in the same sector in 2025. What does this mean?
Rank in the Morning class Medium: 300 of 402 · What are Morning company classes?
Place in the whole sector: 5,706 of 7,839 · Eiendom
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 4 and solidity 51 out of 100 among companies in the Morning class Medium in the same sector in 2025. Methodology
Against the sector
Balders Gate 28 AS is 11 points below the median for companies in the Morning class Medium in the same sector in 2025.
Median score 51 among 402 companies.
Against companies in the Morning class Medium in the same sector in 2025: operating margin −16.9% (median 15.3%) and equity ratio 30.6% (median 29.7%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 110 MNOK | 87 MNOK |
| Operating margin | −16.9% | 15.3% |
| Profit margin | −16.9% | 13.7% |
| Return on assets | −9.4% | 8.4% |
| Equity ratio | 30.6% | 29.7% |
| Debt-to-equity | 2.27 | 2.27 |
| Current ratio | 3.37 | 1.23 |
| Revenue growth | 449.8% | 7.0% |
The median and “ahead of” refer to companies in the Morning class Medium in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 40, Balders Gate 28 AS does better than 25% of companies in the Morning class Medium in the same sector (402 companies) in 2025.
Score 2023–2025
- Balders Gate 28 AS
- Median: companies in the Morning class Medium in the same sector
Balders Gate 28 AS has a score of 40 for 2025, rank 5,706 of 7,839 in the sector.
Strongest: Growth: percentile 93 against peers, revenue growth 449.8% against a median of 7.0%. Liquidity: percentile 79 against peers, current ratio 3.37 against a median of 1.23.
Weakest: Profitability: percentile 4 against peers, operating margin −16.9% against a median of 15.3%. Consistency: percentile 4 against peers.
Worth a closer look
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin −16.9% (median 13.7%).
- The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors? Based on: operating margin −16.9% (median 15.3%).
- What lies behind weak profitability, and will it last?
- What lies behind weak consistency, 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
Balders Gate 28 AS had an operating margin of −16.9% and an equity ratio of 30.6% in 2025, and ranks 5,706 of 7,839 in Eiendom.
From 2024 to 2025: revenue grew by 450% and the operating margin rose from −32.1% to −16.9%.
This text is generated automatically from the 2025 accounts.
Three simple methods
One method gives a figure: 27 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.6 | not meaningful |
| EV/EBIT | 22.6 | not meaningful |
| P/B | 0.9 | 27 MNOK |
The listed basis is the value at listed multiples. The estimate is lowered by 51% for an unlisted company: 20% for lack of marketability and 38% for size (a small-company premium of 4% 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 company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −16.9% (median 13.7%).
- 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 −16.9% (median 15.3%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
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 2022, the sector's weakest year, for this company.
The sector's weakest year was 2022, with a median operating margin of 23.4%. 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 | 4 | weight 30% |
|---|---|---|
| Solidity | 51 | weight 25% |
| Liquidity | 79 | weight 15% |
| Growth | 93 | weight 15% |
| Consistency | 4 | weight 15% |
Durability: 43 (average over 2 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Balders Gate 28 AS?
The operating margin was −16.9% in 2025, against a median of 15.3% among companies in the Morning class Medium in the same sector. Return on assets was −9.4%. The company made a loss before tax.
How solid is Balders Gate 28 AS?
The equity ratio was 30.6% in 2025 (median 29.7%). Debt-to-equity was 2.27 (median 2.27).
What is the liquidity of Balders Gate 28 AS like?
The current ratio was 3.37 in 2025 (median 1.23).
How does Balders Gate 28 AS compare in Eiendom?
Balders Gate 28 AS ranks 5,706 of 7,839 in Eiendom for 2025. Among companies in the Morning class Medium it is number 300 of 402. Revenue changed by 449.8% 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.
We do not show the group structure, because open data does not say who owns whom.
From the Central Coordinating Register
- Org. no.
- 916393024
- Legal form
- AS · part of a group
- Sector
- Eiendom (68.200)
- Morning company class
- Medium
- Employees
- 0–4 (not registered)
- Founded
- 17 November 2015 10 years in operation
- Share capital
- 0.15 MNOK
- Business address
- Bygdøy allé 4, 0257 OSLO
- Municipality
- Oslo rank 63–220 of 357 in Norway
- Latest accounts filed
- 2025
- Website
- www.mollereiendom.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
Loading roles …
Source: Central Coordinating Register, fetched 2 November 2026. Only names are shown.
Shareholders (2025)
- Number of shareholders
- 1 (one owner)
- Largest owner
- 100.0%
- Split
- companies 100% · private persons 0% · foreign 0%
- Owned from the same municipality
- 100%
- Group chain
-
Owned by: Møller Eiendom Norge AS (100%)
Ultimate owner: Møller Eiendom Holding AS
- Møller Eiendom Norge AS · 100.0%
The company is new in the shareholder register in 2025.
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 31 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | – | 46 | 40 | |
| Rank | – | 4,446 | 5,706 | |
| Operating margin | −4,070.6% | −32.1% | −16.9% | |
| Return on assets | −1.4% | −5.2% | −9.4% | |
| Equity ratio | 73.3% | 39.8% | 30.6% | |
| Current ratio | 1.02 | 4.25 | 3.37 | |
| Revenue growth | – | 66,489.2% | 449.8% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 0.0 MNOK | 20.0 MNOK | 109.8 MNOK |
| Operating profit | −1.2 MNOK | −6.4 MNOK | −18.5 MNOK |
| Profit before tax | −1.1 MNOK | −6.6 MNOK | −18.5 MNOK |
| Tax expense | −0.2 MNOK | −1.4 MNOK | −4.1 MNOK |
| Net profit | −0.8 MNOK | −5.1 MNOK | −14.5 MNOK |
| Financial expenses | 0.0 MNOK | 0.1 MNOK | – |
| Total assets | 73.6 MNOK | 125.3 MNOK | 197.4 MNOK |
| Current assets | 3.2 MNOK | 71.1 MNOK | 139.9 MNOK |
| Equity | 53.9 MNOK | 49.9 MNOK | 60.3 MNOK |
| Retained earnings | −5.1 MNOK | −5.1 MNOK | −12.7 MNOK |
| Total liabilities | 19.6 MNOK | 75.4 MNOK | 137.1 MNOK |
| Current liabilities | 3.1 MNOK | 16.7 MNOK | 41.5 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 31 October 2026, accounts id 6646640.
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