Org.nr 934 570 618 2024 → 2025 Year-over-year analysis

ADSEL HOLDINGS AS: årsregnskap 2025 vs 2024

Weaker earnings, cash halved-plus

approved 2026-04-16; registry 2026-04-18; journal 2026 383234

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2025 with 2024 for ADSEL HOLDINGS AS. Revenue 1 NOK → 1 NOK (0.0%). Net result -1 153 NOK → -21.9k NOK. Equity 28.8k NOK → 6 969 NOK.

Pressures included: operating result weakened; net result weakened; equity eroded.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADSEL HOLDINGS AS.

Scorecard

Revenue
1 NOK 1 NOK
0.0%
Operating result
-1 153 NOK -21.9k NOK
-1797.5%
Net result
-1 153 NOK -21.9k NOK
-1797.5%
Equity
28.8k NOK 6 969 NOK
-75.8%
Cash
15.7k NOK 2 479 NOK
-84.2%
Total assets
30.4k NOK 420.1k NOK
+1282.0%

What deteriorated

  • ↓

    Operating result weakened

    Operating result -1 153 NOK → -21.9k NOK (op. margin -115300.0% → -2187800.0%). Calculated

  • ↓

    Net result weakened

    Net result -1 153 NOK → -21.9k NOK (net margin -115300.0% → -2187800.0%). Calculated

  • ↓

    Equity eroded

    Book equity 28.8k NOK → 6 969 NOK (equity ratio 94.9% → 1.7%). Calculated

  • ↓

    Cash fell

    Bank deposits 15.7k NOK → 2 479 NOK (-84.2% YoY). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 10.13× → 0.01× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 1.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation