Hallingdal Brannkasse
GFSActiveOrg 957091148Sentrumsvegen 60, 3550 GolNon-life insurance· NACE 6512Est. 1965 · 61 years old16 employeeshttps://gjensidige.no
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Overview
Hallingdal Brannkasse is a Norwegian GFS based in Gol, operating in the Non-life insurance sector. Incorporated in 1965, the company has 16 employees and reported revenue of NOK 6.9m in its latest annual filing.
Revenue 2025
6.9M NOK
+37% vs 2024
EBITDA margin
69.9 %
+43% vs 2024
Net profit 2025
37.4M NOK
-16% vs 2024
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
80.6 %
Very strongAmong the 20% highest rated companies in the industry
20212025
Liquidity ratioCurrent assets ÷ Short-term debt
0.0×
20212025
Return on assets (ROA)Net profit ÷ Total assets × 100
6.7 %
AverageAround the average of companies in the same industry
20212025
EBITDA — year on year
NOK thousandsKey figures
Annual report 2025| Revenue | 6.9M NOK | +37% |
| EBITDA | 4.8M NOK | +43% |
| Net profit | 37.4M NOK | -16% |
| Total assets | 555.6M NOK | +5% |
| Equity | 447.9M NOK | +9% |
| Employees | 16 | — |
Company information
Legal name
HALLINGDAL BRANNKASSE
Org number
957091148
Legal form
Gjensidig Forsikringsselskap
NACE code
6512 · Non-life insurance
Founded
7 May 1965 · 61 years
Share capital
—
Employees
16 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2025-12-31
Financial year
January – December
Signatory rights
Daglig leder og styrets leder i fellesskap.
Company purpose
Direkte skadeforsikringsvirksomhet i bransjene brann- og naturskade, samt annen skade på eiendom og eiendeler. I tillegg skal selskapet drive virksomhet som naturlig henger sammen med denne forsikringsvirksomheten. Selskapets geografiske virkeområde er norge selskapet skal ivareta medlemmenes behov for gode og rimelige forsikringsordninger. For å fremme dette mål skal selskapet drive skadeforebyggende arbeid innenfor de områder som omfattes av selskapets forsikringsvirksomhet.
(no translation available)
Contact
Address
Sentrumsvegen 60, 3550 Gol
Website
https://gjensidige.no
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Financial development
In its most recent annual report (2025), Hallingdal Brannkasse reported revenue of NOK 6.9m, an increase of 37% on the year before. The figures on this page draw on 5 annual filings covering 2021 to 2025. The bottom line showed a net profit of NOK 37.4m, and the EBITDA margin stood at 69.9%.
At the end of 2025, equity financed 80.6% of the balance sheet.
Financials
Revenue
NOK thousandsEBITDA
NOK thousandsIncome statement
NOK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 6,853 | 4,990 | 6,296 | 5,570 | 5,128 |
| Staff expenses | -0 | -0 | -0 | -0 | -0 |
| EBITDA | 4,788 | 3,354 | 4,358 | 2,882 | 1,933 |
| Depreciation & amort. | -0 | -0 | -0 | -0 | -0 |
| EBIT | 4,788 | 3,354 | 4,358 | 2,882 | 1,933 |
| Net financials | 42,043 | 43,135 | 34,850 | -33,918 | 40,059 |
| Profit before tax | 42,892 | 55,964 | 36,378 | -32,765 | 56,207 |
| Tax | 3,277 | 11,817 | 1,509 | -9,346 | 5,807 |
| Net profit | 37,412 | 44,770 | 32,259 | -25,792 | 46,825 |
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Balance sheet
NOK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total assets | 555,552 | 527,671 | 465,953 | 423,829 | 460,714 |
| Equity | 447,890 | 411,197 | 372,655 | 346,021 | 375,314 |
| Long-term debt | -13,165 | -13,333 | -22,840 | -20,151 | -20,396 |
| Short-term debt | 0 | 0 | 0 | 0 | 0 |
| Total debt | -13,165 | -13,333 | -22,840 | -20,151 | -20,396 |
Financial ratios
5-year trendEBITDA margin
69.9 %
20212025
Equity ratio
80.6 %
Very strongAmong the 20% highest rated companies in the industry
20212025
Return on equity
8.4 %
AverageAround the average of companies in the same industry
20212025
Net profit margin
546.0 %
Very strongAmong the 10% highest rated companies in the industry
20212025
Asset turnover
0.01×
WeakAmong the 40% lowest rated companies in the industry
20212025
Debt / equity
0.24×
20212025
Sector performance
13 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Gross marginVery strong
Among the 10% 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 strong
Among the 20% highest 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 strong
Among the 10% highest 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)Average
Around the average of companies in the same industry
Net profit as a percentage of equity — the return the owners earned on their invested capital this year.
Return on assets (ROA)Average
Around the average of companies in the same industry
Net profit as a percentage of total assets — the return generated on the capital employed.
Return on net assets (RONA)Average
Around the average of companies in the same 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 ratioVery strong
Among the 20% highest 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 assets to equityAverage
Around the average of companies in the same 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 30% lowest rated companies in the industry
Cash flow relative to profit — the ability to convert reported profits into accessible cash.
Current ratioNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
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 ratioNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
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 ratioNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.
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 ratioNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Total debt relative to the balance-sheet total — the share of the assets financed by debt rather than equity.
Debt to equityNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.
Liabilities to equityNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.
Income to debtNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Profit relative to debt — the ability to create earnings while operating with debt.
EBITDA to debtNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest coverageNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
The ability to pay the interest on the company's debt out of its earnings.
Interest rate on debtNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.
Interest marginNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
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 turnoverWeak
Among the 40% lowest rated companies in the industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
One-year change in equityAverage
Around the average of companies in the same industry
The size of this year's increase or decrease in the company's equity.
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.
Equity to contributed capitalNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Total equity relative to the capital the owners contributed — how the equity has developed from its starting point.
One-year change in debtNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
The size of this year's increase or decrease in the company's debt.
Annual reports & filings
- Annual report 2025Filed via Brønnøysundsregistrene · Period 2025-01-01 – 2025-12-31
- Annual report 2024Filed via Brønnøysundsregistrene · Period 2024-01-01 – 2024-12-31
- Annual report 2023Filed via Brønnøysundsregistrene · Period 2023-01-01 – 2023-12-31
- Annual report 2022Filed via Brønnøysundsregistrene · Period 2022-01-01 – 2022-12-31
- Annual report 2021Filed via Brønnøysundsregistrene · Period 2021-01-01 – 2021-12-31
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (3) | ||
UM Deputy Member | Deputy Member | 2023 |
HM Chief Executive Officer | Chief Executive Officer | 2021 |
LM Deputy Member | Deputy Member | 2024 |
Former (3)
TM Deputy Member | Deputy Member | 2020 – 2023 |
GR Deputy Member | Deputy Member | 2023 – 2024 |
KA Deputy Member | Deputy Member | 2020 – 2023 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (7) | ||
EH Board of Directors | Board of Directors | 2020 |
UR Chairman | Chairman | 2024 |
JT Board of Directors | Board of Directors | 2023 |
GR Board of Directors | Board of Directors | 2024 |
VS Board of Directors | Board of Directors | 2026 |
KA Board of Directors | Board of Directors | 2023 |
TH Board of Directors | Board of Directors | 2020 |
Former (4)
OA Board of Directors | Board of Directors | 2020 – 2023 |
IH Board of Directors | Board of Directors | 2020 – 2022 |
BL Board of Directors | Board of Directors | 2020 – 2023 |
JA Chairman | Chairman | 2020 – 2024 |
Shareholders
Active legal ownersNo shareholder data available.
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Company hierarchy
Hallingdal Brannkasse (this company)
Torpomoen Utvikling As21.0329% ownedUtdanningssenteret På Geilo AS5.25% ownedTotalberedskap AS37.5% ownedStim Work As100% ownedBk Forum As12.4967% ownedEurobygget AS50% ownedHemsedal Meieri AS49% ownedBoard network connections
Board members of Hallingdal Brannkasse also hold positions in 114 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Gunnar Rudningen | Deputy Member | 22 companiesMany roles |
| Vigdis Susanna Jeanette Aschehoug | Board of Directors | 14 companiesMany roles |
| Odd Arne Gjerden | Board of Directors | 11 companiesMany roles |
| Jan Tore Rue | Board of Directors | 11 companiesMany roles |
| Kristian Akervold | Deputy Member | 10 companiesMany roles |
| Else Horge Asplin | Board of Directors | 10 companiesMany roles |
| Hallgeir Mythe | Chief Executive Officer | 9 companiesMany roles |
| Liv Marit Hamarsbøen | Deputy Member | 8 companiesMany roles |
| Unn Randi Liahagen | Chairman | 5 companies |
| Tove Myklebust Hoftun | Deputy Member | 4 companies |
| Inger Hulbak | Board of Directors | 4 companies |
| Terje Heggelien | Board of Directors | 4 companies |
| Unn Marit Mundal Skredegård | Deputy Member | 1 company |
| Jan Arne Øen | Chairman | 1 company |
Frequently asked questions
What is the Org number of Hallingdal Brannkasse?
Hallingdal Brannkasse is registered with Brønnøysundsregistrene under Org 957091148.
What is the revenue of Hallingdal Brannkasse?
Hallingdal Brannkasse reported revenue of NOK 6.9m in 2025.
How many employees does Hallingdal Brannkasse have?
Hallingdal Brannkasse employs 16 people as of the latest annual report.
Who is the CEO of Hallingdal Brannkasse?
Hallgeir Mythe is the CEO of Hallingdal Brannkasse, in role since 2021.
Who is the chairman of Hallingdal Brannkasse?
Unn Randi Liahagen chairs the board of Hallingdal Brannkasse, in role since 2024.
Where is Hallingdal Brannkasse headquartered?
Hallingdal Brannkasse's registered address is Sentrumsvegen 60.