A.K Hesteutstyr AS
Bankruptcy registered 7 September 2026 in the Central Coordinating Register. Bankruptcies
Accounts for 2025 are missing. The deadline was 31 July 2026. The Brønnøysund Register Centre does not publish when accounts arrived, only the latest year filed.
Score · fiscal year 2024
Not enough data: Bankrupt or being wound up
Based on the annual accounts for 2024
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 2 MNOK | 4 MNOK |
| Operating margin | −26.7% | 2.3% |
| Profit margin | −27.7% | 1.8% |
| Return on assets | −28.7% | 5.5% |
| Equity ratio | −65.3% | 34.8% |
| Debt-to-equity | – | 1.23 |
| Current ratio | 0.55 | 1.76 |
| Revenue growth | 0.5% | 2.8% |
The median and “ahead of” refer to companies in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
Score over time
Score over time needs at least two fiscal years with a score. It will appear when next year's figures are fetched or history is imported.
What the numbers say
A.K Hesteutstyr AS had an equity ratio of −65.3% in 2024. The company is not ranked: bankrupt or being wound up.
From 2023 to 2024: the equity ratio fell from −30.4% to −65.3% and the operating margin fell from −21.3% to −26.7%.
A.K Hesteutstyr AS did weaker than the sector in 2022, the sector's weakest year.
This text is generated automatically from the 2024 accounts.
Three simple methods
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 21.2 | not meaningful |
| EV/EBIT | 16.6 | not meaningful |
| P/B | 2.2 | not meaningful |
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
- critical
Equity is negative. How will it be rebuilt, and what do lenders and the auditor say about going concern?
Based on: Equity ratio −65.3% (median 34.8%).
- watch
Consider strengthening liquidity: current liabilities are 1.8 times current assets.
Based on: Current ratio 0.55 (median 1.76).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −27.7% (median 1.8%).
- 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 −26.7% (median 2.3%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 0.8% of the debt in 2024. The policy rate averaged 4.50 % 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
- critical Negative equity
Scenario analysis: the sector's weakest year
The operating margin was −58.1% in 2022 (sector median 1.5%), and the equity ratio −18.1%. The company had a loss before tax that year. In the other years the operating margin averaged −24.0%.
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
Questions and answers
How profitable is A.K Hesteutstyr AS?
The operating margin was −26.7% in 2024, against a median of 2.3% among companies in the same sector. Return on assets was −28.7%. The company made a loss before tax.
How solid is A.K Hesteutstyr AS?
The equity ratio was −65.3% in 2024 (median 34.8%). Equity is negative, so liabilities exceed assets.
What is the liquidity of A.K Hesteutstyr AS like?
The current ratio was 0.55 in 2024 (median 1.76). Current assets did not cover current liabilities.
From the Central Coordinating Register
- Org. no.
- 927838788
- Legal form
- AS
- Sector
- Handel (47.631)
- Morning company class
- Micro
- Employees
- 0–4 (not registered)
- Founded
- 9 September 2021 5 years in operation
- Share capital
- 0.20 MNOK
- Business address
- c/o Anette Aas Karlsen, Strandvelta 30, 3534 SOKNA (RINGERIKE)
- Municipality
- Ringerike rank 6–11 of 13 in KOSTRA group 10
- Audit
- Audit opted out from 29 September 2021
- Latest accounts filed
- 2024
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
Roles have not been fetched yet.
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
- 0%
- Group chain
-
Owned by: Gulsvik Servicesenter AS (100%)
Ultimate owner: private person
The owner: the majority owner Gulsvik Servicesenter AS (holds 100%) is registered as bankrupt. had negative equity in 2024. made a loss in 2024. A weak parent can affect the subsidiary through group contributions, loans and guarantees. It is an indication to watch, not an assessment of the company.
- Gulsvik Servicesenter 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 27 October 2026.
Year by year · 2022–2024
| Key figure | 2022 | 2023 | 2024 | Trend |
|---|---|---|---|---|
| Index | – | – | – | |
| Rank | – | – | – | |
| Operating margin | −58.1% | −21.3% | −26.7% | |
| Return on assets | −32.7% | −19.6% | −28.7% | |
| Equity ratio | −18.1% | −30.4% | −65.3% | |
| Current ratio | 0.81 | 0.69 | 0.55 | |
| Revenue growth | – | 198.3% | 0.5% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2022 | 2023 | 2024 |
|---|---|---|---|
| Operating revenue | 0.5 MNOK | 1.6 MNOK | 1.6 MNOK |
| Operating profit | −0.3 MNOK | −0.3 MNOK | −0.4 MNOK |
| Profit before tax | −0.3 MNOK | −0.3 MNOK | −0.4 MNOK |
| Tax expense | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Net profit | −0.3 MNOK | −0.3 MNOK | −0.4 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Total assets | 0.9 MNOK | 1.7 MNOK | 1.4 MNOK |
| Current assets | 0.9 MNOK | 1.5 MNOK | 1.3 MNOK |
| Equity | −0.2 MNOK | −0.5 MNOK | −0.9 MNOK |
| Retained earnings | −0.4 MNOK | −0.7 MNOK | −1.1 MNOK |
| Total liabilities | 1.1 MNOK | 2.2 MNOK | 2.4 MNOK |
| Current liabilities | 1.1 MNOK | 2.2 MNOK | 2.4 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 27 October 2026, accounts id 6307903.