Fluctus AS
Score · fiscal year 2025
40of 100
How to read this: the company is ahead of 28 % of companies in the Morning class Medium in the same sector in 2025. What does this mean?
Rank in the Morning class Medium: 809 of 1,127 · What are Morning company classes?
Place in the whole sector: 2,081 of 2,930 · Industri
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 16 and solidity 33 out of 100 among companies in the Morning class Medium in the same sector in 2025. Methodology
Against the sector
Fluctus AS is 11 points below the median for companies in the Morning class Medium in the same sector in 2025.
Median score 51 among 1,127 companies.
Against companies in the Morning class Medium in the same sector in 2025: operating margin −1.1% (median 4.7%) and equity ratio 30.5% (median 39.3%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 236 MNOK | 129 MNOK |
| Operating margin | −1.1% | 4.7% |
| Profit margin | −1.9% | 4.6% |
| Return on assets | −4.3% | 10.0% |
| Equity ratio | 30.5% | 39.3% |
| Debt-to-equity | 2.28 | 1.50 |
| Current ratio | 1.35 | 1.53 |
| Revenue growth | 48.0% | 6.3% |
| Revenue per employee | 6.55 MNOK | 2.68 MNOK |
The median and “ahead of” refer to companies in the Morning class Medium in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 40, Fluctus AS does better than 28% of companies in the Morning class Medium in the same sector (1,127 companies) in 2025.
Score 2023–2025
- Fluctus AS
- Median: companies in the Morning class Medium in the same sector
Fluctus AS has a score of 40 for 2025, rank 2,081 of 2,930 in the sector.
Strongest: Growth: percentile 94 against peers, revenue growth 48.0% against a median of 6.3%.
Weakest: Profitability: percentile 16 against peers, operating margin −1.1% against a median of 4.7%. Solidity: percentile 33 against peers, equity ratio 30.5% against a median of 39.3%.
Worth a closer look
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin −1.9% (median 4.6%).
- The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors? Based on: operating margin −1.1% (median 4.7%).
- What lies behind weak profitability, and will it last?
- What lies behind weak solidity, and will it last?
Written by fixed rules from the figures. Describes the figures, does not explain causes. Not investment or financial advice. How the summary is made
What the numbers say
Fluctus AS had an operating margin of −1.1% and an equity ratio of 30.5% in 2025, and ranks 2,081 of 2,930 in Industri.
From 2024 to 2025: revenue grew by 48%.
This text is generated automatically from the 2025 accounts.
Three simple methods
One method gives a figure: 16 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 16 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
Worth a closer look
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −1.9% (median 4.6%).
- watch
The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors?
Based on: Operating margin −1.1% (median 4.7%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 6.3% 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 0.0%. Based on the 10 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 16 | weight 30% |
|---|---|---|
| Solidity | 33 | weight 25% |
| Liquidity | 37 | weight 15% |
| Growth | 94 | weight 15% |
| Consistency | 46 | weight 15% |
Durability: 38 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Fluctus AS?
The operating margin was −1.1% in 2025, against a median of 4.7% among companies in the Morning class Medium in the same sector. Return on assets was −4.3%. The company made a loss before tax.
How solid is Fluctus AS?
The equity ratio was 30.5% in 2025 (median 39.3%). Debt-to-equity was 2.28 (median 1.50).
What is the liquidity of Fluctus AS like?
The current ratio was 1.35 in 2025 (median 1.53).
How does Fluctus AS compare in Industri?
Fluctus AS ranks 2,081 of 2,930 in Industri for 2025. Among companies in the Morning class Medium it is number 809 of 1,127. Revenue changed by 48.0% from the year before.
Group accounts · 2023
38 of 100
Rank 44 of 65 groups in the Morning class Medium in Industri. Groups are ranked only against other groups in the same sector and class, never against single companies.
- Operating revenue, group
- 135 MNOK
- Operating profit, group
- 2 MNOK
- Profit before tax, group
- 1 MNOK
- Total assets, group
- 65 MNOK
- Equity, group
- 22 MNOK
| Key figure | The group | The company alone (2025) |
|---|---|---|
| Operating margin | 1.4% | – |
| Return on assets | 4.3% | – |
| Equity ratio | 33.7% | – |
| Current ratio | 1.53 | – |
| Revenue growth | – | – |
Same formulas and weights as the company index. Group and company are never added together, and the group accounts are not part of sector averages or company rankings.
Source: Brønnøysund Register Centre, group accounts 2023 (open data, NLOD 2.0).
We do not show the group structure, because open data does not say who owns whom.
From the Central Coordinating Register
- Org. no.
- 915497586
- Legal form
- AS
- Sector
- Industri (30.110)
- Morning company class
- Medium
- Employees
- 36 registered 10 September 2026
- Founded
- 26 May 2015 11 years in operation
- Share capital
- 1.50 MNOK
- Business address
- Kolbeinsvik 109, 5394 KOLBEINSVIK (AUSTEVOLL)
- Municipality
- Austevoll rank 1 of 18 in KOSTRA group 2
- Latest accounts filed
- 2025
- LEI
- 549300ARXDP3KSIRTV32 renews 30 June 2027
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 31 October 2026. Only names are shown.
- Parent company
- No known owner
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 30 October 2026. The parent is the one the company itself reported to GLEIF.
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.
Figures last fetched 31 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 39 | 34 | 40 | |
| Rank | 1,939 | 2,294 | 2,081 | |
| Operating margin | 1.4% | 0.4% | −1.1% | |
| Return on assets | 4.7% | 1.1% | −4.3% | |
| Equity ratio | 32.4% | 27.2% | 30.5% | |
| Current ratio | 1.49 | 1.34 | 1.35 | |
| Revenue growth | – | 17.7% | 48.0% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 135.3 MNOK | 159.3 MNOK | 235.9 MNOK |
| Operating profit | 2.0 MNOK | 0.7 MNOK | −2.6 MNOK |
| Profit before tax | 1.2 MNOK | −1.3 MNOK | −4.4 MNOK |
| Net profit | 0.9 MNOK | −1.1 MNOK | −3.5 MNOK |
| Financial expenses | 1.7 MNOK | 2.1 MNOK | 2.2 MNOK |
| Total assets | 62.4 MNOK | 70.3 MNOK | 51.1 MNOK |
| Current assets | 52.9 MNOK | 61.6 MNOK | 43.4 MNOK |
| Equity | 20.2 MNOK | 19.1 MNOK | 15.6 MNOK |
| Retained earnings | 18.2 MNOK | 17.1 MNOK | 13.6 MNOK |
| Total liabilities | 42.2 MNOK | 51.2 MNOK | 35.5 MNOK |
| Current liabilities | 35.4 MNOK | 46.0 MNOK | 32.2 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 31 October 2026, accounts id 7179299.
Further
Similar companies
- Melbu Systems AS index 40, rank 2,076 · compare
- Scan Granitt AS index 40, rank 2,077 · compare
- Zinus AS index 40, rank 2,078 · compare
- Gmc Hvac AS index 40, rank 2,082 · compare
- Vatvedt Industri AS index 40, rank 2,087 · compare