LHF AS

ASActive

Org 928624072Othilienborgtunet 4, 7033 TrondheimWholesale of other household goods· NACE 4649Est. 2022 · 4 years old1-4 employees

Overview

LHF AS is a Norwegian AS based in Trondheim, operating in the Wholesale of other household goods sector. Incorporated in 2022, the company reported revenue of NOK 231.5k in its latest annual filing.

Revenue 2025

231.5K NOK

−15% vs 2024

EBITDA margin

−12.7 %

−118% vs 2024

Net profit 2025

-29.9K NOK

-124% vs 2024

Key ratios

See full ratios →

82.8 %

Very strong

Among the 20% highest rated companies in the industry

20222025

5.8×

Very strong

Among the 20% highest rated companies in the industry

20222025

-19.2 %

Very weak

Among the 20% lowest rated companies in the industry

20222025

EBITDA — year on year

NOK thousands

Key figures

Annual report 2025

Revenue	231.5K NOK	-15%
EBITDA	-29.4K NOK	-118%
Net profit	-29.9K NOK	-124%
Total assets	155.6K NOK	-21%
Equity	128.9K NOK	-19%
Employees	—	—

Financial development

In its most recent annual report (2025), LHF AS reported revenue of NOK 231.5k, a decrease of 15% on the year before. The figures on this page draw on 4 annual filings covering 2022 to 2025. The bottom line showed a net loss of NOK 29.9k, and the EBITDA margin stood at -12.7%.

At the end of 2025, equity financed 82.8% of the balance sheet, and current assets covered short-term debt 5.8 times.

Financials

Revenue

NOK thousands

EBITDA

NOK thousands

Income statement

NOK thousands

Item	2025	2024	2023	2022
Revenue	231	272	74	38
Staff expenses	-23	-1	-0	-0
EBITDA	-29	159	14	-3
Depreciation & amort.	-0	-0	-0	-0
EBIT	-29	159	14	-3
Net financials	-0	-0	0	0
Profit before tax	-30	159	14	-3
Tax	-0	35	1	-0
Net profit	-30	124	13	-3

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Balance sheet

NOK thousands

Item	2025	2024	2023	2022
Total assets	156	198	38	22
Equity	129	159	35	22
Long-term debt	0	0	0	0
Short-term debt	27	39	4	0
Total debt	27	39	4	0

Financial ratios

5-year trend

EBITDA margin

-12.7 %

20222025

Equity ratio

82.8 %

Very strong

Among the 20% highest rated companies in the industry

20222025

Return on equity

-23.2 %

Very weak

Among the 20% lowest rated companies in the industry

20222025

Net profit margin

-12.9 %

Very weak

Among the 20% lowest rated companies in the industry

20222025

Asset turnover

1.49×

Average

Around the average of companies in the same industry

20222025

Debt / equity

0.21×

Very strong

Among the 20% highest rated companies in the industry

20222025

Sector performance

26 of 28 ratios graded

28 financial ratios from the latest filing, each graded against companies in the same industry.

Profitability

Gross marginStrong

Among the 40% highest rated companies in the industry

The gross result as a share of revenue — how much of the revenue is left after variable costs to cover the company's fixed costs.

Operating marginVery weak

Among the 20% lowest rated companies in the industry

EBIT as a share of revenue — the share of revenue remaining as earnings once all operating costs are covered. A key measure of earning power.

Net profit marginVery weak

Among the 20% lowest rated companies in the industry

The profit for the year as a share of revenue — the company's ability to turn revenue into profit.

Return on equity (ROE)Very weak

Among the 20% lowest rated companies in the industry

Net profit as a percentage of equity — the return the owners earned on their invested capital this year.

Return on assets (ROA)Very weak

Among the 20% lowest rated companies in the industry

Net profit as a percentage of total assets — the return generated on the capital employed.

Return on net assets (RONA)Very weak

Among the 20% lowest rated companies in the industry

Profit relative to net assets (total assets minus total debt) — the ability to generate earnings from the net asset base alone.

Basic earning power (BEP)Very weak

Among the 20% lowest rated companies in the industry

EBIT relative to total assets — the company's earning power before the effects of tax and financial leverage.

Capacity ratioWeak

Among the 40% lowest rated companies in the industry

Shows how strongly fixed costs weigh on the gross result — a high ratio means fixed costs take only a small bite out of the earnings from basic operations.

Liquidity

Current ratioVery strong

Among the 20% highest rated companies in the industry

Current assets relative to short-term debt — the ability to settle short-term obligations with current assets alone. Around 150% is considered satisfactory from a credit perspective.

Quick ratioVery strong

Among the 20% highest rated companies in the industry

Current assets excluding inventory relative to short-term debt — whether the most liquid assets alone can cover the short-term obligations. A value of 1 or above signals a healthy liquidity position.

Cash ratioVery strong

Among the 10% highest rated companies in the industry

Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.

Current assets to equityStrong

Among the 40% highest rated companies in the industry

Current assets relative to equity — an indicator of the balance-sheet structure and of the company's short- and long-term financing. The healthy level is highly industry-dependent.

Cash conversion ratioWeak

Among the 40% lowest rated companies in the industry

Cash flow relative to profit — the ability to convert reported profits into accessible cash.

Fixed assets to long-term capitalNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

Fixed assets relative to long-term capital (equity plus long-term liabilities). Below 100% means the long-term capital finances more than just the fixed assets — a healthier liquidity position.

Debt & solvency

Solidity ratioVery strong

Among the 20% highest rated companies in the industry

Equity as a share of total assets — the ability to absorb losses. Around 40% is considered satisfactory from a credit perspective.

Debt ratioVery strong

Among the 20% highest rated companies in the industry

Total debt relative to the balance-sheet total — the share of the assets financed by debt rather than equity.

Debt to equityVery strong

Among the 20% highest rated companies in the industry

Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.

Liabilities to equityStrong

Among the 30% highest rated companies in the industry

Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.

Income to debtVery weak

Among the 10% lowest rated companies in the industry

Profit relative to debt — the ability to create earnings while operating with debt.

EBITDA to debtVery weak

Among the 10% lowest rated companies in the industry

EBITDA relative to debt — how much operating earnings are available to service the debt.

Interest coverageVery weak

Among the 20% lowest rated companies in the industry

The ability to pay the interest on the company's debt out of its earnings.

Interest rate on debtWeak

Among the 40% lowest rated companies in the industry

Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.

Interest marginVery weak

Among the 20% lowest rated companies in the industry

The return on assets minus the interest rate on debt. Positive means the company benefits from operating with debt; negative means the debt makes it worse off.

Efficiency & development

Asset turnoverAverage

Around the average of companies in the same industry

Revenue relative to total assets — the ability to generate revenue from the asset base.

Equity to contributed capitalAverage

Around the average of companies in the same industry

Total equity relative to the capital the owners contributed — how the equity has developed from its starting point.

One-year change in equityWeak

Among the 30% lowest rated companies in the industry

The size of this year's increase or decrease in the company's equity.

One-year change in debtVery strong

Among the 20% highest rated companies in the industry

The size of this year's increase or decrease in the company's debt.

Inventory turnoverNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

Revenue relative to inventory — how many times a year the inventory is sold and replaced. A low value can indicate weak sales or excess inventory.

Annual reports & filings

Annual report 2025
Filed via Brønnøysundsregistrene · Period 2025-01-01 – 2025-12-31
View PDF
Annual report 2024
Filed via Brønnøysundsregistrene · Period 2024-01-01 – 2024-12-31
View PDF
Annual report 2023
Filed via Brønnøysundsregistrene · Period 2023-01-01 – 2023-12-31
View PDF
Annual report 2022
Filed via Brønnøysundsregistrene · Period 2022-01-01 – 2022-12-31
View PDF

People & ownership

Management

Actively employed in the business

Name	Role	Member since

Former (1)


LH Lars Henning Fehn Contact Person	Contact Person	2022 – 2026

Board of directors

Non-executive oversight

Name	Role	Member since
Current (2)
LH Lars Henning Fehn Chairman	Chairman	2022
HF Halvor Fehn Board of Directors	Board of Directors	2026

Shareholders

Active legal owners

No shareholder data available.

One in three Danish companies experiences fraud

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Related companies

Company hierarchy

No registered parent or subsidiaries

Board network connections

Board members of LHF AS also hold positions in 10 other companies.

Person	Role here	Other companies
Lars Henning Fehn	Contact Person	5 companies
Halvor Fehn	Board of Directors	5 companies

Frequently asked questions

What is the Org number of LHF AS?

LHF AS is registered with Brønnøysundsregistrene under Org 928624072.

What is the revenue of LHF AS?

LHF AS reported revenue of NOK 231.5k in 2025.

Who is the chairman of LHF AS?

Lars Henning Fehn chairs the board of LHF AS.

Where is LHF AS headquartered?

LHF AS's registered address is Othilienborgtunet 4.