FLOW TRØNDELAG VVS AS

Org. no. 817921892 · TRONDHEIM · Founded 2016 · 62 employees

Score · fiscal year 2025

38of 100

How to read this: the company is ahead of 25 % of medium-sized companies in the same sector in 2025. What does this mean?

Rank: 23,133 of 32,582 · Bygg og anlegg

Profile

Cheetah · Sprinter

High profitability, lower solidity

Position against comparable companies in 2025, not a verdict on the company. Based on profitability 51 and solidity 38 out of 100 among medium-sized companies in the same sector in 2025. Methodology

Against the sector

FLOW TRØNDELAG VVS AS is 12 points below the median for medium-sized companies in the same sector in 2025.

Median score 50 among 1,024 companies.

Against medium-sized companies in the same sector in 2025: operating margin 3.7% (median 4.6%) and equity ratio 26.0% (median 31.2%).

Source: Register of Company Accounts and Central Coordinating RegisterFetched 26 October 2026Report an issue
Key figures · 2025

The numbers behind the score

The numbers behind the score · 2025
MeasureCompanyMedianAhead of
Operating revenue139 MNOK176 MNOK
Operating margin 3.7% 4.6% 43 %
Profit margin 3.5% 4.6% shown, not part of the index
Return on assets 13.3% 10.7% 59 %
Equity ratio 26.0% 31.2% 38 %
Debt-to-equity 2.84 2.19 37 %
Current ratio 1.23 1.36 36 %
Revenue growth −6.2% 6.6% 27 %
Revenue per employee2.24 MNOK3.09 MNOK

The median and “ahead of” refer to medium-sized companies in the same sector in 2025. The bar shows the share of companies the figure is ahead of.

With an index of 38, FLOW TRØNDELAG VVS AS does better than 25% of medium-sized companies in the same sector (1,030 companies) in 2025.

Over time

Score 2023–2025

CompanyMedian0255075100202320242025
  • FLOW TRØNDELAG VVS AS
  • Median: medium-sized companies in the same sector
Summary analysis

FLOW TRØNDELAG VVS AS has a score of 38 for 2025, rank 23,133 of 32,582 in the sector.

Strongest: Profitability: percentile 51 against peers, operating margin 3.7% against a median of 4.6%.

Weakest: Growth: percentile 27 against peers, revenue growth −6.2% against a median of 6.6%. Consistency: percentile 28 against peers.

Worth a closer look

Written by fixed rules from the figures. Describes the figures, does not explain causes. Not investment or financial advice. How the summary is made

Analysis · 2025

What the numbers say

FLOW TRØNDELAG VVS AS had an operating margin of 3.7% and an equity ratio of 26.0% in 2025, and ranks 23,133 of 32,582 in Bygg og anlegg.

From 2024 to 2025: went from a loss to a profit before tax and the operating margin rose from −6.3% to 3.7%.

This text is generated automatically from the 2025 accounts.

Estimated value · 2025

Three simple methods

The methods give between 10 MNOK and 51 MNOK.

MethodInputMultipleEstimate
P/E Net profit: 5.1 MNOK 10.0 51 MNOK
EV/EBIT Operating profit: 5.2 MNOK
minus net debt −1.9 MNOK
8.0 43 MNOK
P/B Equity: 10.5 MNOK 1.0 10 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

Indications · 2025

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.

Financial costs were 1.8% of the debt in 2025. The policy rate averaged 4.30 % the same year. This is a plain description of what the debt cost, not a model of interest sensitivity.

Data quality

No anomalies found in the figures.

Stress test · 2022

Scenario analysis: the sector's weakest year

We have no accounts for 2022, the sector's weakest year, for this company.

The sector's weakest year was 2022, with a median operating margin of 2.5%. Based on the 10 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology

Components · 2025

What the score is made of

Profitability51 weight 30%
Solidity38 weight 25%
Liquidity36 weight 15%
Growth27 weight 15%
Consistency28 weight 15%

Durability: 28 (average over 3 years)

Index version 2. Data completeness 100%: the share of the weights that had data.

2025

Questions and answers

How profitable is FLOW TRØNDELAG VVS AS?

The operating margin was 3.7% in 2025, against a median of 4.6% among medium-sized companies in the same sector. Return on assets was 13.3%.

How solid is FLOW TRØNDELAG VVS AS?

The equity ratio was 26.0% in 2025 (median 31.2%). Debt-to-equity was 2.84 (median 2.19).

What is the liquidity of FLOW TRØNDELAG VVS AS like?

The current ratio was 1.23 in 2025 (median 1.36).

How does FLOW TRØNDELAG VVS AS compare in Bygg og anlegg?

FLOW TRØNDELAG VVS AS ranks 23,133 of 32,582 in Bygg og anlegg for 2025. Among companies of the same size (medium-sized companies) it ranks 773 of 1,030. Revenue changed by −6.2% from the year before.

From the Central Coordinating Register

Org. no.
817921892
Legal form
AS
Sector
Bygg og anlegg (43.221)
Size tier
medium
Employees
62 registered 10 October 2026
Founded
3 October 2016 10 years in operation
Share capital
0.06 MNOK
Business address
Tempevegen 35, 7031 TRONDHEIM
Municipality
Trondheim rank 3–7 of 11 in KOSTRA group 12
Latest accounts filed
2025

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
Markus Hauge-Espelien
Chair of the board
Rasmus Møller
Board member
Håvard Hildrum
Board member
Espen Rekstad
Board member
Jørgen Østby
Deputy member
Mads Meisingset
Auditor
FORVIS MAZARS AS

Source: Central Coordinating Register, fetched 25 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.

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Figures last fetched 26 October 2026.

Details

Year by year · 2023–2025

Key figure202320242025Trend
Index311638
Rank22,37528,83223,133
Operating margin3.4%−6.3%3.7%
Return on assets8.3%−22.4%13.3%
Equity ratio21.4%16.4%26.0%
Current ratio1.221.081.23
Revenue growth–−1.1%−6.2%

Accounts

From the Brønnøysund Register Centre, in the company's reporting currency (NOK).

Key figure202320242025
Operating revenue149.3 MNOK147.7 MNOK138.6 MNOK
Operating profit5.0 MNOK−9.3 MNOK5.2 MNOK
Profit before tax5.2 MNOK−9.5 MNOK4.8 MNOK
Net profit3.9 MNOK−7.6 MNOK5.1 MNOK
Financial expenses0.4 MNOK0.6 MNOK0.5 MNOK
Total assets66.2 MNOK39.7 MNOK40.2 MNOK
Current assets63.4 MNOK35.9 MNOK36.6 MNOK
Equity14.1 MNOK6.5 MNOK10.5 MNOK
Retained earnings−0.5 MNOK−8.1 MNOK−4.2 MNOK
Total liabilities52.0 MNOK33.2 MNOK29.8 MNOK
Current liabilities52.0 MNOK33.2 MNOK29.8 MNOK

Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 6883784.

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