ELMAT AS
Score · fiscal year 2025
34of 100
How to read this: the company is ahead of 23 % of companies in the Morning class Micro in the same sector in 2025. What does this mean?
Rank in the Morning class Micro: 346 of 448 · What are Morning company classes?
Place in the whole sector: 714 of 878 · Kraft og energi
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 33 and solidity 17 out of 100 among companies in the Morning class Micro in the same sector in 2025. Methodology
Against the sector
ELMAT AS is 16 points below the median for companies in the Morning class Micro in the same sector in 2025.
Median score 50 among 448 companies.
Against companies in the Morning class Micro in the same sector in 2025: operating margin −0.5% (median 16.9%) and equity ratio 11.3% (median 38.4%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 3 MNOK | 3 MNOK |
| Operating margin | −0.5% | 16.9% |
| Profit margin | – | 3.4% |
| Return on assets | – | 3.8% |
| Equity ratio | 11.3% | 38.4% |
| Debt-to-equity | 7.83 | 1.39 |
| Current ratio | 1.13 | 1.94 |
| Revenue growth | 5.7% | 1.8% |
The median and “ahead of” refer to companies in the Morning class Micro in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 34, ELMAT AS does better than 23% of companies in the Morning class Micro in the same sector (448 companies) in 2025.
Score 2023–2025
- ELMAT AS
- Median: companies in the Morning class Micro in the same sector
ELMAT AS has a score of 34 for 2025, rank 714 of 878 in the sector.
Strongest: Growth: percentile 58 against peers, revenue growth 5.7% against a median of 1.8%.
Weakest: Solidity: percentile 17 against peers, equity ratio 11.3% against a median of 38.4%. Liquidity: percentile 27 against peers, current ratio 1.13 against a median of 1.94.
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
ELMAT AS had an operating margin of −0.5% and an equity ratio of 11.3% in 2025, and ranks 714 of 878 in Kraft og energi.
No large changes in the key figures from 2024 to 2025.
ELMAT AS did about the same as the sector in 2025, the sector's weakest year.
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
No rules were triggered for this year.
Indications based on the latest annual accounts from open data. Not investment or financial advice.
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
The operating margin was −0.5% in 2025 (sector median 15.7%), and the equity ratio 11.3%. In the other years the operating margin averaged −0.5%.
The sector's weakest year was 2025, with a median operating margin of 15.7%. Based on the 5 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 33 | weight 30% |
|---|---|---|
| Solidity | 17 | weight 25% |
| Liquidity | 27 | weight 15% |
| Growth | 58 | weight 15% |
| Consistency | 51 | weight 15% |
Durability: 32 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is ELMAT AS?
The operating margin was −0.5% in 2025, against a median of 16.9% among companies in the Morning class Micro in the same sector. Return on assets was –.
How solid is ELMAT AS?
The equity ratio was 11.3% in 2025 (median 38.4%). Debt-to-equity was 7.83 (median 1.39).
What is the liquidity of ELMAT AS like?
The current ratio was 1.13 in 2025 (median 1.94).
How does ELMAT AS compare in Kraft og energi?
ELMAT AS ranks 714 of 878 in Kraft og energi for 2025. Among companies in the Morning class Micro it is number 346 of 448. Revenue changed by 5.7% 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.
From the Central Coordinating Register
- Org. no.
- 976530330
- Legal form
- AS · part of a group
- Sector
- Kraft og energi (35.150)
- Morning company class
- Micro
- Employees
- 0–4 (not registered)
- Founded
- 18 June 1996 30 years in operation
- Share capital
- 0.17 MNOK
- Business address
- Industriveien 1, 6517 KRISTIANSUND N
- Municipality
- Kristiansund rank 17–26 of 27 in KOSTRA group 9
- Audit
- Audit opted out from 14 February 2026
- Latest accounts filed
- 2025
- Website
- www.neas.mr.no
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
- Alf Olav Hjelmaas
- Chair of the board
- Gerhard Eidså
- Board member
- Leif Inge Schjølberg
- Board member
- Kolbjørn Solem
- Board member
- Siri Vea Grytting
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 28 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 26 | 35 | 34 | |
| Rank | 727 | 691 | 714 | |
| Operating margin | −0.5% | −0.4% | −0.5% | |
| Return on assets | 0.7% | 0.2% | – | |
| Equity ratio | 17.5% | 11.6% | 11.3% | |
| Current ratio | 1.21 | 1.13 | 1.13 | |
| Revenue growth | – | 85.6% | 5.7% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 1.4 MNOK | 2.5 MNOK | 2.7 MNOK |
| Operating profit | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Profit before tax | 0.0 MNOK | 0.0 MNOK | – |
| Net profit | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK | – |
| Total assets | 1.0 MNOK | 1.5 MNOK | 1.5 MNOK |
| Current assets | 1.0 MNOK | 1.5 MNOK | 1.5 MNOK |
| Equity | 0.2 MNOK | 0.2 MNOK | 0.2 MNOK |
| Retained earnings | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Total liabilities | 0.8 MNOK | 1.3 MNOK | 1.3 MNOK |
| Current liabilities | 0.8 MNOK | 1.3 MNOK | 1.3 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 28 October 2026, accounts id 6536309.
Further
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