GULVHANDELEN.NO AS
Score · fiscal year 2025
79of 100
How to read this: the company is ahead of 96 % of companies in the Morning class Small in the same sector in 2025. What does this mean?
Rank in the Morning class Small: 266 of 7,416 · What are Morning company classes?
Place in the whole sector: 913 of 22,940 · Handel
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 81 and solidity 85 out of 100 among companies in the Morning class Small in the same sector in 2025. Methodology
Against the sector
GULVHANDELEN.NO AS is 28 points above the median for companies in the Morning class Small in the same sector in 2025.
Median score 51 among 7,416 companies.
Against companies in the Morning class Small in the same sector in 2025: operating margin 6.0% (median 3.4%) and equity ratio 68.8% (median 36.3%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 24 MNOK | 20 MNOK |
| Operating margin | 6.0% | 3.4% |
| Profit margin | 5.9% | 3.0% |
| Return on assets | 44.5% | 10.0% |
| Equity ratio | 68.8% | 36.3% |
| Debt-to-equity | 0.45 | 1.51 |
| Current ratio | 3.20 | 1.73 |
| Revenue growth | 26.7% | 5.7% |
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 79, GULVHANDELEN.NO AS does better than 96% of companies in the Morning class Small in the same sector (7,416 companies) in 2025.
Score 2023–2025
- GULVHANDELEN.NO AS
- Median: companies in the Morning class Small in the same sector
GULVHANDELEN.NO AS has a score of 79 for 2025, rank 913 of 22,940 in the sector.
Strongest: Solidity: percentile 85 against peers, equity ratio 68.8% against a median of 36.3%. Growth: percentile 83 against peers, revenue growth 26.7% against a median of 5.7%.
No area is clearly below its peers.
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
GULVHANDELEN.NO AS had an operating margin of 6.0% and an equity ratio of 68.8% in 2025, and ranks 913 of 22,940 in Handel.
From 2024 to 2025: the equity ratio rose from 49.9% to 68.8% and revenue grew by 27%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 2 MNOK and 5 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 21.2 | 4 MNOK |
| EV/EBIT | 16.6 | 5 MNOK |
| P/B | 2.2 | 2 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
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 2.5% 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
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 1.5%. Based on the 11 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 81 | weight 30% |
|---|---|---|
| Solidity | 85 | weight 25% |
| Liquidity | 82 | weight 15% |
| Growth | 83 | weight 15% |
| Consistency | 60 | weight 15% |
Durability: 61 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is GULVHANDELEN.NO AS?
The operating margin was 6.0% in 2025, against a median of 3.4% among companies in the Morning class Small in the same sector. Return on assets was 44.5%.
How solid is GULVHANDELEN.NO AS?
The equity ratio was 68.8% in 2025 (median 36.3%). Debt-to-equity was 0.45 (median 1.51).
What is the liquidity of GULVHANDELEN.NO AS like?
The current ratio was 3.20 in 2025 (median 1.73).
How does GULVHANDELEN.NO AS compare in Handel?
GULVHANDELEN.NO AS ranks 913 of 22,940 in Handel for 2025. Among companies in the Morning class Small it is number 266 of 7,416. Revenue changed by 26.7% from the year before.
From the Central Coordinating Register
- Org. no.
- 922078629
- Legal form
- AS
- Sector
- Handel (46.830)
- Morning company class
- Small
- Employees
- 0–4 (not registered)
- Founded
- 3 December 2018 7 years in operation
- Share capital
- 0.30 MNOK
- Business address
- Borgeskogen 30, 3160 STOKKE (SANDEFJORD)
- Municipality
- Sandefjord rank 2–7 of 10 in KOSTRA group 11
- 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
- 3
- Largest owner
- 33.3%
- Split
- companies 33% · private persons 67% · foreign 0%
- Owned from the same municipality
- 0%
- Vindbo Invest AS · 33.3%
- 2 private persons · 66.7%
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 26 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 39 | 64 | 79 | |
| Rank | 13,860 | 5,441 | 913 | |
| Operating margin | −2.1% | 2.4% | 6.0% | |
| Return on assets | −18.8% | 20.9% | 44.5% | |
| Equity ratio | 45.8% | 49.9% | 68.8% | |
| Current ratio | 1.84 | 1.99 | 3.20 | |
| Revenue growth | – | 27.2% | 26.7% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 14.9 MNOK | 18.9 MNOK | 23.9 MNOK |
| Operating profit | −0.3 MNOK | 0.5 MNOK | 1.4 MNOK |
| Profit before tax | −0.4 MNOK | 0.4 MNOK | 1.4 MNOK |
| Tax expense | 0.0 MNOK | 0.0 MNOK | 0.3 MNOK |
| Net profit | −0.4 MNOK | 0.4 MNOK | 1.1 MNOK |
| Financial expenses | 0.1 MNOK | 0.1 MNOK | 0.0 MNOK |
| Total assets | 1.6 MNOK | 2.2 MNOK | 3.2 MNOK |
| Current assets | 1.6 MNOK | 2.2 MNOK | 3.2 MNOK |
| Equity | 0.7 MNOK | 1.1 MNOK | 2.2 MNOK |
| Retained earnings | 0.4 MNOK | 0.8 MNOK | 1.9 MNOK |
| Total liabilities | 0.9 MNOK | 1.1 MNOK | 1.0 MNOK |
| Current liabilities | 0.9 MNOK | 1.1 MNOK | 1.0 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 6786132.
Further
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