ELVANOR AS
Score · fiscal year 2025
10of 100
How to read this: the company is ahead of 5 % of small companies in the same sector in 2025. What does this mean?
Rank: 31,262 of 32,581 · 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 3 and solidity 23 out of 100 among small companies in the same sector in 2025. Methodology
Against the sector
ELVANOR AS is 40 points below the median for small companies in the same sector in 2025.
Median score 50 among 31,471 companies.
Against small companies in the same sector in 2025: operating margin −271.4% (median 3.7%) and equity ratio 15.7% (median 36.5%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 0 MNOK | 3 MNOK |
| Operating margin | −271.4% | 3.7% |
| Profit margin | −272.4% | 3.4% |
| Return on assets | −98.2% | 5.7% |
| Equity ratio | 15.7% | 36.5% |
| Debt-to-equity | 5.39 | 1.20 |
| Current ratio | 0.12 | 1.45 |
| Revenue growth | −85.9% | 3.0% |
The median and “ahead of” refer to small companies in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 10, ELVANOR AS does better than 5% of small companies in the same sector (31,719 companies) in 2025.
Score 2023–2025
- ELVANOR AS
- Median: small companies in the same sector
ELVANOR AS has a score of 10 for 2025, rank 31,262 of 32,581 in the sector.
Strongest: Solidity: percentile 23 against peers, equity ratio 15.7% against a median of 36.5%.
Weakest: Profitability: percentile 3 against peers, operating margin −271.4% against a median of 3.7%. Growth: percentile 3 against peers, revenue growth −85.9% against a median of 3.0%.
Worth a closer look
- Consider strengthening liquidity: current liabilities are 8.6 times current assets. Based on: current ratio 0.12 (median 1.45).
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin −272.4% (median 3.4%).
- The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors? Based on: operating margin −271.4% (median 3.7%).
- What lies behind weak profitability, 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
ELVANOR AS had an operating margin of −271.4% and an equity ratio of 15.7% in 2025, and ranks 31,262 of 32,581 in Bygg og anlegg.
From 2024 to 2025: the operating margin fell from −88.8% to −271.4% and revenue fell by 86%.
This text is generated automatically from the 2025 accounts.
Three simple methods
One method gives a figure: 0 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 0 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 8.6 times current assets.
Based on: Current ratio 0.12 (median 1.45).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −272.4% (median 3.4%).
- 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 −271.4% (median 3.7%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 0.5% 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.
Data quality
- watch Extreme margin: check 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 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 | 3 | weight 30% |
|---|---|---|
| Solidity | 23 | weight 25% |
| Liquidity | 5 | weight 15% |
| Growth | 3 | weight 15% |
| Consistency | 14 | weight 15% |
Durability: 22 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is ELVANOR AS?
The operating margin was −271.4% in 2025, against a median of 3.7% among small companies in the same sector. Return on assets was −98.2%. The company made a loss before tax.
How solid is ELVANOR AS?
The equity ratio was 15.7% in 2025 (median 36.5%). Debt-to-equity was 5.39 (median 1.20).
What is the liquidity of ELVANOR AS like?
The current ratio was 0.12 in 2025 (median 1.45). Current assets did not cover current liabilities.
How does ELVANOR AS compare in Bygg og anlegg?
ELVANOR AS ranks 31,262 of 32,581 in Bygg og anlegg for 2025. Among companies of the same size (small companies) it ranks 30,164 of 31,719. Revenue changed by −85.9% from the year before.
From the Central Coordinating Register
- Org. no.
- 928356639
- Legal form
- AS
- Sector
- Bygg og anlegg (43.340)
- Size tier
- small
- Employees
- 0–4 (not registered)
- Founded
- 19 November 2021 4 years in operation
- Share capital
- 0.03 MNOK
- Business address
- Eterveien 41, 0690 OSLO
- Municipality
- Oslo rank 63–221 of 357 in Norway
- Audit
- Audit opted out from 17 December 2021
- 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
- Chief executive
- Miroslav Babic
- Chair of the board
- Miroslav Babic
- Accountant
- BHR REGNSKAP BERGEN 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 | 34 | 21 | 10 | |
| Rank | 21,320 | 27,351 | 31,262 | |
| Operating margin | −2.5% | −88.8% | −271.4% | |
| Return on assets | −11.8% | −78.1% | −98.2% | |
| Equity ratio | 29.7% | 31.7% | 15.7% | |
| Current ratio | 1.13 | 0.98 | 0.12 | |
| Revenue growth | – | −94.1% | −85.9% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 4.4 MNOK | 0.3 MNOK | 0.0 MNOK |
| Operating profit | −0.1 MNOK | −0.2 MNOK | −0.1 MNOK |
| Profit before tax | −0.1 MNOK | −0.2 MNOK | −0.1 MNOK |
| Net profit | −0.1 MNOK | −0.2 MNOK | −0.1 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Total assets | 0.9 MNOK | 0.3 MNOK | 0.1 MNOK |
| Current assets | 0.7 MNOK | 0.2 MNOK | 0.0 MNOK |
| Equity | 0.3 MNOK | 0.1 MNOK | 0.0 MNOK |
| Retained earnings | 0.3 MNOK | 0.1 MNOK | 0.0 MNOK |
| Total liabilities | 0.7 MNOK | 0.2 MNOK | 0.1 MNOK |
| Current liabilities | 0.7 MNOK | 0.2 MNOK | 0.1 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 27 October 2026, accounts id 6525775.
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