Ghv AS
Score · fiscal year 2025
31of 100
How to read this: the company is ahead of 15 % of companies in the Morning class Medium in the same sector in 2025. What does this mean?
Rank in the Morning class Medium: 1,496 of 1,763 · What are Morning company classes?
Place in the whole sector: 16,564 of 20,339 · 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 34 and solidity 13 out of 100 among companies in the Morning class Medium in the same sector in 2025. Methodology
Against the sector
Ghv AS is 19 points below the median for companies in the Morning class Medium in the same sector in 2025.
Median score 50 among 1,762 companies.
Against companies in the Morning class Medium in the same sector in 2025: operating margin 2.5% (median 4.5%) and equity ratio 13.9% (median 30.5%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 141 MNOK | 91 MNOK |
| Operating margin | 2.5% | 4.5% |
| Profit margin | 2.6% | 4.5% |
| Return on assets | 6.5% | 11.4% |
| Equity ratio | 13.9% | 30.5% |
| Debt-to-equity | 6.20 | 2.23 |
| Current ratio | 1.17 | 1.38 |
| Revenue growth | −2.3% | 6.8% |
| Revenue per employee | 1.93 MNOK | 2.53 MNOK |
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 31, Ghv AS does better than 15% of companies in the Morning class Medium in the same sector (1,763 companies) in 2025.
Score 2023–2025
- Ghv AS
- Median: companies in the Morning class Medium in the same sector
Ghv AS has a score of 31 for 2025, rank 16,564 of 20,339 in the sector.
Strongest: Consistency: percentile 54 against peers.
Weakest: Solidity: percentile 13 against peers, equity ratio 13.9% against a median of 30.5%. Liquidity: percentile 27 against peers, current ratio 1.17 against a median of 1.38.
Worth a closer look
- What lies behind weak solidity, and will it last?
- What lies behind weak liquidity, 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
Ghv AS had an operating margin of 2.5% and an equity ratio of 13.9% in 2025, and ranks 16,564 of 20,339 in Bygg og anlegg.
From 2024 to 2025: the equity ratio fell from 45.3% to 13.9%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 9 MNOK and 29 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 29 MNOK |
| EV/EBIT | 8.0 | 25 MNOK |
| P/B | 1.0 | 9 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 1.0% 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.
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 | 34 | weight 30% |
|---|---|---|
| Solidity | 13 | weight 25% |
| Liquidity | 27 | weight 15% |
| Growth | 33 | weight 15% |
| Consistency | 54 | weight 15% |
Durability: 40 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Ghv AS?
The operating margin was 2.5% in 2025, against a median of 4.5% among companies in the Morning class Medium in the same sector. Return on assets was 6.5%.
How solid is Ghv AS?
The equity ratio was 13.9% in 2025 (median 30.5%). Debt-to-equity was 6.20 (median 2.23).
What is the liquidity of Ghv AS like?
The current ratio was 1.17 in 2025 (median 1.38).
How does Ghv AS compare in Bygg og anlegg?
Ghv AS ranks 16,564 of 20,339 in Bygg og anlegg for 2025. Among companies in the Morning class Medium it is number 1,496 of 1,763. Revenue changed by −2.3% 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.
Public contracts
- Contracts awarded since 2024
- 2
- Total awarded value since 2024
- value not stated
- Framework agreements
- 2
- Left out of the total: the value is a ceiling, not actual spend.
| Date | Buyer | Notice | Value |
|---|---|---|---|
| 19 August 2026 | Statsbygg | 2026/3007 Rammeavtale om levering, service og vedlikehold av solskjerming ved eiendommer i Agder | 7.0 MNOK (framework) |
| 18 October 2024 | Grimstad kommune | Rammeavtaler håndverkertjenester | value not stated |
| 29 June 2020 | Grimstad kommune | Rammeavtale for kjøp av løpende entreprenørtjenester | 9.9 MNOK (framework) |
| 17 March 2020 | Lillesand kommune | Rammeavtale håndverkertjenester | 0.8 MNOK (framework) (8 lots) |
| 3 June 2019 | Vest-Agder fylkeskommune | 19012 Systemvegg, systemhimling, foldevegg og lydvegg mv (rammeavtale) | 8.0 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 28 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.
- 922815038
- Legal form
- AS · part of a group
- Sector
- Bygg og anlegg (41.000)
- Morning company class
- Medium
- Employees
- 73 registered 10 September 2026
- Founded
- 31 January 1972 54 years in operation
- Share capital
- 5.10 MNOK
- Business address
- Kjerrheibakken 22, 4621 KRISTIANSAND S
- Municipality
- Kristiansand rank 2–6 of 11 in KOSTRA group 12
- Latest accounts filed
- 2025
- Website
- www.ghv.no
- LEI
- 549300IG3N2MVHNNFW43 not renewed (lapsed)
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.
- Parent company
- Parent not reported
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 29 October 2026. The parent is the one the company itself reported to GLEIF.
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 | 44 | 47 | 31 | |
| Rank | 10,960 | 11,164 | 16,564 | |
| Operating margin | 0.9% | 0.8% | 2.5% | |
| Return on assets | 2.9% | 2.2% | 6.5% | |
| Equity ratio | 37.4% | 45.3% | 13.9% | |
| Current ratio | 1.68 | 1.79 | 1.17 | |
| Revenue growth | – | −31.0% | −2.3% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 209.0 MNOK | 144.2 MNOK | 140.9 MNOK |
| Operating profit | 1.9 MNOK | 1.2 MNOK | 3.5 MNOK |
| Profit before tax | 1.0 MNOK | 0.2 MNOK | 3.7 MNOK |
| Net profit | 0.8 MNOK | 0.1 MNOK | 2.9 MNOK |
| Financial expenses | 0.9 MNOK | 1.1 MNOK | 0.6 MNOK |
| Total assets | 66.6 MNOK | 57.7 MNOK | 64.9 MNOK |
| Current assets | 64.0 MNOK | 53.2 MNOK | 58.2 MNOK |
| Equity | 24.9 MNOK | 26.2 MNOK | 9.0 MNOK |
| Retained earnings | 5.5 MNOK | 5.7 MNOK | – |
| Total liabilities | 41.7 MNOK | 31.5 MNOK | 55.9 MNOK |
| Current liabilities | 38.1 MNOK | 29.7 MNOK | 49.6 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 6712846.
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