VVS ØST AS
Score · fiscal year 2023
40of 100
How to read this: the company is ahead of 33 % of medium-sized companies in the same sector in 2023. What does this mean?
Rank: 18,994 of 28,987 · Bygg og anlegg
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2023, not a verdict on the company. Based on profitability 14 and solidity 95 out of 100 among medium-sized companies in the same sector in 2023. Methodology
Against the sector
VVS ØST AS is 10 points below the median for medium-sized companies in the same sector in 2023.
Median score 50 among 950 companies.
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 0 MNOK | 178 MNOK |
| Operating margin | – | 4.6% |
| Profit margin | – | 4.6% |
| Return on assets | −0.1% | 10.2% |
| Equity ratio | 82.1% | 28.9% |
| Debt-to-equity | 0.22 | 2.38 |
| Current ratio | 0.01 | 1.33 |
| Revenue growth | – | 24.8% |
The median and “ahead of” refer to medium-sized companies in the same sector in 2023. The bar shows the share of companies the figure is ahead of.
With an index of 40, VVS ØST AS does better than 33% of medium-sized companies in the same sector (950 companies) in 2023.
Score 2023–2025
- VVS ØST AS
- Median: medium-sized companies in the same sector
What the numbers say
VVS ØST AS had an operating margin of – and an equity ratio of 82.1% in 2023, and ranks 18,994 of 28,987 in Bygg og anlegg.
This text is generated automatically from the 2023 accounts.
Three simple methods
One method gives a figure: 83 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 83 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
- critical
Consider strengthening liquidity: current liabilities are 160.0 times current assets.
Based on: Current ratio 0.01 (median 1.33).
- 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.
Data quality
- 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 | 14 | weight 30% |
|---|---|---|
| Solidity | 95 | weight 25% |
| Liquidity | 1 | weight 15% |
| Growth | – | no data, left out |
| Consistency | – | no data, left out |
Index version 2. Data completeness 70%: the share of the weights that had data.
Questions and answers
How profitable is VVS ØST AS?
The operating margin was – in 2023, against a median of 4.6% among medium-sized companies in the same sector. Return on assets was −0.1%. The company made a loss before tax.
How solid is VVS ØST AS?
The equity ratio was 82.1% in 2023 (median 28.9%). Debt-to-equity was 0.22 (median 2.38).
What is the liquidity of VVS ØST AS like?
The current ratio was 0.01 in 2023 (median 1.33). Current assets did not cover current liabilities.
How does VVS ØST AS compare in Bygg og anlegg?
VVS ØST AS ranks 18,994 of 28,987 in Bygg og anlegg for 2023. Among companies of the same size (medium-sized companies) it ranks 635 of 950.
Group accounts · 2025
18 of 100
Rank 1271 of 1326 groups with group accounts. Groups are ranked only against each other, not against single companies.
- Operating revenue, group
- 149 MNOK
- Operating profit, group
- −10 MNOK
- Profit before tax, group
- −15 MNOK
- Total assets, group
- 138 MNOK
- Equity, group
- 48 MNOK
| Key figure | The group | The company alone (2023) |
|---|---|---|
| Operating margin | −6.8% | – |
| Return on assets | −7.1% | – |
| Equity ratio | 34.8% | – |
| Current ratio | 0.98 | – |
| Revenue growth | −25.9% | – |
Group index in earlier years: 2023: 25 (1491 of 1716), 2024: 27 (1192 of 1371).
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).
We do not show the group structure, because open data does not say who owns whom.
From the Central Coordinating Register
- Org. no.
- 927982943
- Legal form
- AS
- Sector
- Bygg og anlegg (43.221)
- Size tier
- medium
- Employees
- 0–4 (not registered)
- Founded
- 22 September 2021 5 years in operation
- Share capital
- 1.03 MNOK
- Business address
- c/o YC Amundrud AS, Vestheimgata 13, 2406 ELVERUM
- Municipality
- Elverum rank 25 of 27 in KOSTRA group 9
- Latest accounts filed
- 2025
- LEI
- 636700V6P0P0ADVEUF51 renews 30 December 2026
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
- Chief executive
- Bjarne Hønningstad
- Chair of the board
- Håvard Hammertrø
- Board member
- Kjell Amundrud
- Board member
- Øivind Øien
- Board member
- Arnstein Amundrud
- Board member
- Atle Roaldstveit
- Board member
- Øyvind Østbye
- Board member
- Kristian Welgaard Reistadbakken
- Deputy member
- Knut Erik Håberget
- Auditor
- CEDRA NORGE AS
- Accountant
- MEIRE VVS REGNSKAP 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 27 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 40 | 35 | 34 | |
| Rank | 18,994 | 23,273 | 25,051 | |
| Operating margin | – | – | – | |
| Return on assets | −0.1% | 0.2% | 0.6% | |
| Equity ratio | 82.1% | 80.1% | 72.3% | |
| Current ratio | 0.01 | 0.00 | 0.00 | |
| 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 | – | – |
| Operating profit | −0.1 MNOK | −0.1 MNOK | −0.1 MNOK |
| Profit before tax | −0.1 MNOK | −0.1 MNOK | −2.8 MNOK |
| Net profit | −0.1 MNOK | −0.1 MNOK | −2.8 MNOK |
| Financial expenses | – | 0.3 MNOK | 3.4 MNOK |
| Total assets | 100.5 MNOK | 100.5 MNOK | 100.5 MNOK |
| Current assets | 0.1 MNOK | 0.1 MNOK | 0.0 MNOK |
| Equity | 82.5 MNOK | 80.4 MNOK | 72.7 MNOK |
| Retained earnings | – | – | – |
| Total liabilities | 18.0 MNOK | 20.0 MNOK | 27.8 MNOK |
| Current liabilities | 18.0 MNOK | 14.8 MNOK | 18.9 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 27 October 2026, accounts id 5348675.
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