Flow AS
Score · fiscal year 2025
Not enough data: Not enough data (below minimum revenue)
Based on the annual accounts for 2025
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 0 MNOK | 4 MNOK |
| Operating margin | 76.7% | 3.3% |
| Profit margin | 2,057.2% | 2.5% |
| Return on assets | 8.5% | 6.5% |
| Equity ratio | 25.1% | 38.0% |
| Debt-to-equity | 2.98 | 1.27 |
| Current ratio | 0.13 | 1.56 |
| Revenue growth | – | 4.7% |
The median and “ahead of” refer to companies in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
Score over time
Score over time needs at least two fiscal years with a score. It will appear when next year's figures are fetched or history is imported.
The industry or the company: what drove the result?
The company and its sector's drivers
Prices, rate and currency that shape the sector's year, year by year beside the operating margin of Flow AS. The figures stand side by side; we claim no cause.
Producer prices in manufacturing (indeks (2021 = 100))
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Producer prices in manufacturing, annual average | 100.0 | 124.7 | 129.5 | 134.4 | 138.3 | 146.0 (so far) |
| Change from the year before | +10.7% | +24.7% | +3.9% | +3.7% | +2.9% | +5.6% |
| The company's operating margin | – | – | – | – | 76.7% | – |
Source: SSB (12462, CC BY 4.0). Source
EUR/NOK (kr)
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| EUR/NOK, annual average | 10.16 | 10.10 | 11.42 | 11.62 | 11.72 | 11.04 (so far) |
| Change from the year before | −5.2% | −0.6% | +13.1% | +1.8% | +0.8% | −5.8% |
| The company's operating margin | – | – | – | – | 76.7% | – |
Source: Norges Bank (EXR, NLOD 2.0). Source
Wholesale power price (øre per kWh)
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Wholesale power price, annual average | 64.2 | 141.7 | 72.0 | 49.4 | 54.0 | 96.5 (so far) |
| Change from the year before | +466.7% | +120.8% | −49.2% | −31.4% | +9.4% | +78.4% |
| The company's operating margin | – | – | – | – | 76.7% | – |
Source: SSB (09363, CC BY 4.0). Source
USD/NOK (kr)
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| USD/NOK, annual average | 8.59 | 9.61 | 10.56 | 10.75 | 10.39 | 9.54 (so far) |
| Change from the year before | −8.8% | +11.9% | +9.9% | +1.7% | −3.3% | −8.2% |
| The company's operating margin | – | – | – | – | 76.7% | – |
Source: Norges Bank (EXR, NLOD 2.0). Source
Wage index: fabricated metal products (indeks)
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Wage index: fabricated metal products, annual average | 88.0 | 91.5 | 96.9 | 102.1 | 108.0 | 112.8 (so far) |
| Change from the year before | +3.1% | +3.9% | +6.0% | +5.4% | +5.8% | +4.5% |
| The company's operating margin | – | – | – | – | 76.7% | – |
Source: SSB (12314, CC BY 4.0). Source
We show the drivers and the margin side by side and claim no cause. Sensitivity per company is not computed until we have at least 10 years of accounts per company: with three years such figures are false precision.
What the numbers say
Flow AS had an equity ratio of 25.1% in 2025. The company is not ranked: not enough data (below minimum revenue).
No large changes in the key figures from 2024 to 2025.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 31 MNOK and 35 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 22.2 | 31 MNOK |
| EV/EBIT | 18.6 | debt above value |
| P/B | 3.0 | 35 MNOK |
The listed basis is the value at listed multiples. The estimate is lowered by 51% for an unlisted company: 20% for lack of marketability and 38% for size (a small-company premium of 4% on the cost of equity).
A mechanical estimate from public accounts, not advice. A mechanical estimate from public accounts with listed multiples and fixed adjustments. Not a valuation and not advice to buy or sell. See the calculation
Worth a closer look
- critical
Consider strengthening liquidity: current liabilities are 7.6 times current assets.
Based on: Current ratio 0.13 (median 1.56).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 4.9% 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.
See interest rates, prices and exchange rates for the sector
Data quality
No anomalies found in the figures.
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 0.2%. Based on the 10 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
Questions and answers
How profitable is Flow AS?
The operating margin was 76.7% in 2025, against a median of 3.3% among companies in the same sector. Return on assets was 8.5%.
How solid is Flow AS?
The equity ratio was 25.1% in 2025 (median 38.0%). Debt-to-equity was 2.98 (median 1.27).
What is the liquidity of Flow AS like?
The current ratio was 0.13 in 2025 (median 1.56). Current assets did not cover current liabilities.
Group structure · 2025
10 companies in the group according to the shareholder register for 2025. A company counts as a subsidiary when a Norwegian company owns more than half of its shares.
No owner holds more than half of the shares in Wahlberg Industrier AS.
Wahlberg Industrier AS has not filed group accounts in open data, so the group has no index of its own. Each company has its own accounts.
Read the figures with care: a company in a group can look strong because of group contributions, or weak because dividends go up to the parent. The figures are indications, not the full picture.
Source: the Norwegian Tax Administration's shareholder register 2025 (majority owner with more than 50 % of the shares). Voting agreements and ownership through other countries are not included.
From the Central Coordinating Register
- Org. no.
- 914499119
- Legal form
- AS
- Sector
- Industri (28.120)
- Morning company class
- Micro
- Employees
- 0–4 (not registered)
- Founded
- 12 November 2014 11 years in operation
- Share capital
- 1.82 MNOK
- Business address
- Skvadronvegen 22, 4050 SOLA
- Municipality
- Sola rank 2 of 27 in KOSTRA group 9
- 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
Loading roles …
Source: Central Coordinating Register, fetched 2 November 2026. Only names are shown.
Shareholders (2025)
- Number of shareholders
- 4 (one owner holds more than half)
- Largest owner
- 80.3% · top three 98.1%
- Split
- companies 100% · private persons 0% · foreign 0%
- Owned from the same municipality
- 2%
- Group chain
-
Owned by: Flow Industrier AS (80%)
Ultimate owner: Wahlberg Industrier AS
- Flow Industrier AS · 80.3%
- BRI OIL & Gas AS · 15.7%
- Flow AS · 2.1%
- GH Service AS · 1.9%
The company is new in the shareholder register in 2025.
Majority owner of: Flowtec AS (100%)
Holds shares in: Flowtec AS (100%), Flow AS (2%)
Source: the Norwegian Tax Administration's shareholder register as of 2025. Figures may be older than today's ownership. Private persons are not shown by name.
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.
Figures last fetched 31 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | – | – | – | |
| Rank | – | – | – | |
| Operating margin | – | – | 76.7% | |
| Return on assets | 1.4% | 18.4% | 8.5% | |
| Equity ratio | −2.0% | 25.7% | 25.1% | |
| Current ratio | 0.03 | 0.14 | 0.13 | |
| Revenue growth | – | – | – |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | – | – | 0.2 MNOK |
| Operating profit | 0.0 MNOK | −0.1 MNOK | 0.2 MNOK |
| Profit before tax | −3.6 MNOK | 7.5 MNOK | 4.6 MNOK |
| Tax expense | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Net profit | −3.6 MNOK | 7.5 MNOK | 4.6 MNOK |
| Financial expenses | 4.6 MNOK | 7.8 MNOK | 3.5 MNOK |
| Total assets | 71.5 MNOK | 82.9 MNOK | 95.5 MNOK |
| Current assets | 1.0 MNOK | 6.3 MNOK | 8.0 MNOK |
| Equity | −1.4 MNOK | 21.3 MNOK | 24.0 MNOK |
| Retained earnings | −32.0 MNOK | – | 2.6 MNOK |
| Total liabilities | 72.9 MNOK | 61.5 MNOK | 71.5 MNOK |
| Current liabilities | 37.5 MNOK | 46.9 MNOK | 60.5 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 31 October 2026, accounts id 6390683.