Solheim Eiendom AS

ASDissolved

Org 953422662Bjørkheim 2, 5652 ÅrlandUtleie av egen eller leid fast eiendom ellers· NACE 68209Est. 1989 · 36 years old0 employees

Overview

Solheim Eiendom AS is a Norwegian AS based in Årland, operating in the Utleie av egen eller leid fast eiendom ellers sector. Incorporated in 1989, the company has 0 employees and reported revenue of NOK 1.1m in its latest annual filing.

Revenue 2023

1.1M NOK

+13% vs 2022

EBITDA margin

55.7 %

+60% vs 2022

Net profit 2023

-0.1M NOK

+54% vs 2022

Key ratios

See full ratios →

42.0 %

Average

Around the average of companies in the same industry

20192023

3.1×

Average

Around the average of companies in the same industry

20192023

-1.4 %

Weak

Among the 30% lowest rated companies in the industry

20192023

EBITDA — year on year

NOK thousands

Key figures

Annual report 2023

Revenue	1.1M NOK	+13%
EBITDA	0.6M NOK	+60%
Net profit	-0.1M NOK	+54%
Total assets	7.7M NOK	-4%
Equity	3.2M NOK	-3%
Employees	0	—

Financial development

In its most recent annual report (2023), Solheim Eiendom AS reported revenue of NOK 1.1m, an increase of 13% on the year before. The figures on this page draw on 5 annual filings covering 2019 to 2023. The bottom line showed a net loss of NOK 109.5k, and the EBITDA margin stood at 55.7%.

At the end of 2023, equity financed 42% of the balance sheet, and current assets covered short-term debt 3.1 times.

Financials

Revenue

NOK thousands

EBITDA

NOK thousands

Income statement

NOK thousands

Item	2023	2022	2021	2020	2019
Revenue	1,071	947	965	972	907
Staff expenses	-0	-0	-0	-0	-0
EBITDA	596	372	539	532	698
Depreciation & amort.	-416	-414	-394	-384	-229
EBIT	180	-42	146	149	469
Net financials	-282	-195	-155	-202	-196
Profit before tax	-102	-236	-9	-53	274
Tax	8	-0	27	6	56
Net profit	-110	-236	-37	-59	218

Get a credit rating – not just the numbers

Financial statements show the past. Risika gives you a score and a recommended credit limit, so you know what the numbers mean for your risk.

See the credit rating

Balance sheet

NOK thousands

Item	2023	2022	2021	2020	2019
Total assets	7,717	7,997	8,450	8,927	9,023
Equity	3,244	3,354	3,590	3,627	3,885
Long-term debt	4,284	4,486	4,716	4,954	4,492
Short-term debt	189	158	144	347	646
Total debt	4,473	4,643	4,860	5,301	5,138

Financial ratios

5-year trend

EBITDA margin

55.7 %

20192023

Equity ratio

42.0 %

Average

Around the average of companies in the same industry

20192023

Return on equity

-3.4 %

Weak

Among the 30% lowest rated companies in the industry

20192023

Net profit margin

-10.2 %

Weak

Among the 30% lowest rated companies in the industry

20192023

Asset turnover

0.14×

Strong

Among the 40% highest rated companies in the industry

20192023

Debt / equity

1.38×

Average

Around the average of companies in the same industry

20192023

Sector performance

27 of 28 ratios graded

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

Profitability

Gross marginWeak

Among the 30% lowest 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 marginWeak

Among the 40% 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 marginWeak

Among the 30% 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)Weak

Among the 30% 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)Weak

Among the 30% 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)Weak

Among the 30% 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)Average

Around the average of companies in the same industry

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

Capacity ratioAverage

Around the average of companies in the same 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 ratioAverage

Around the average of companies in the same 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 ratioStrong

Among the 40% 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 ratioStrong

Among the 30% 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 30% 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.

Fixed assets to long-term capitalAverage

Around the average of companies in the same industry

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.

Cash conversion ratioVery weak

Among the 10% lowest rated companies in the industry

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

Debt & solvency

Solidity ratioAverage

Around the average of companies in the same industry

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

Debt ratioAverage

Around the average of companies in the same industry

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

Debt to equityAverage

Around the average of companies in the same industry

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

Liabilities to equityAverage

Around the average of companies in the same industry

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

Income to debtWeak

Among the 30% lowest rated companies in the industry

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

EBITDA to debtStrong

Among the 30% highest rated companies in the industry

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

Interest coverageAverage

Around the average of companies in the same industry

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

Interest rate on debtWeak

Among the 30% lowest rated companies in the industry

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

Interest marginWeak

Among the 30% 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 turnoverStrong

Among the 40% highest rated companies in the 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 40% lowest rated companies in the industry

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

One-year change in debtStrong

Among the 40% 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 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
Annual report 2021
Filed via Brønnøysundsregistrene · Period 2021-01-01 – 2021-12-31
View PDF
Annual report 2020
Filed via Brønnøysundsregistrene · Period 2020-01-01 – 2020-12-31
View PDF
Annual report 2019
Filed via Brønnøysundsregistrene · Period 2019-01-01 – 2019-12-31
View PDF

People & ownership

Management

Actively employed in the business

Name	Role	Member since
Current (2)
GS Grete Solheim Deputy Member	Deputy Member	1989
HS Harald Solheim Chief Executive Officer	Chief Executive Officer	1989

Board of directors

Non-executive oversight

Name	Role	Member since
Current (2)
HS Harald Solheim Chairman	Chairman	1989
SS Steinar Solheim Board of Directors	Board of Directors	1989

Shareholders

Active legal owners

No shareholder data available.

One in three Danish companies experiences fraud

Sound familiar? See how to strengthen your defences and catch suspicious changes in ownership and management in time.

See the fraud module

Related companies

Company hierarchy

No registered parent or subsidiaries

Board network connections

Board members of Solheim Eiendom AS also hold positions in 23 other companies.

Person	Role here	Other companies
Harald Solheim	Chief Executive Officer	9 companiesMany roles
Steinar Solheim	Board of Directors	8 companiesMany roles
Grete Solheim	Deputy Member	6 companiesMany roles

Frequently asked questions

What is the Org number of Solheim Eiendom AS?

Solheim Eiendom AS is registered with Brønnøysundsregistrene under Org 953422662.

What is the revenue of Solheim Eiendom AS?

Solheim Eiendom AS reported revenue of NOK 1.1m in 2023.

Who is the CEO of Solheim Eiendom AS?

Harald Solheim is the CEO of Solheim Eiendom AS.

Who is the chairman of Solheim Eiendom AS?

Harald Solheim chairs the board of Solheim Eiendom AS.

Where is Solheim Eiendom AS headquartered?

Solheim Eiendom AS's registered address is Bjørkheim 2.