AF ELKRAFT AS
Score · fiscal year 2024
61of 100
How to read this: the company is ahead of 75 % of medium-sized companies in the same sector in 2024. What does this mean?
Rank: 6,520 of 22,842 · Bygg og anlegg
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 30 and solidity 76 out of 100 among medium-sized companies in the same sector in 2024. Methodology
Against the sector
AF ELKRAFT AS is 10 points above the median for medium-sized companies in the same sector in 2024.
Median score 51 among 611 companies.
Against medium-sized companies in the same sector in 2024: operating margin 0.5% (median 4.5%) and equity ratio 49.5% (median 31.6%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 728 MNOK | 167 MNOK |
| Operating margin | 0.5% | 4.5% |
| Profit margin | 0.8% | 4.8% |
| Return on assets | 7.9% | 10.7% |
| Equity ratio | 49.5% | 31.6% |
| Debt-to-equity | 1.02 | 2.09 |
| Current ratio | 1.65 | 1.34 |
| Revenue growth | 24.8% | 5.7% |
| Revenue per employee | 3.07 MNOK | 3.01 MNOK |
The median and “ahead of” refer to medium-sized companies in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
With an index of 61, AF ELKRAFT AS does better than 75% of medium-sized companies in the same sector (611 companies) in 2024.
Score 2023–2025
- AF ELKRAFT AS
- Median: medium-sized companies in the same sector
What the numbers say
AF ELKRAFT AS had an operating margin of 0.5% and an equity ratio of 49.5% in 2024, and ranks 6,520 of 22,842 in Bygg og anlegg.
From 2023 to 2024: the equity ratio rose from 32.9% to 49.5% and revenue grew by 25%.
This text is generated automatically from the 2024 accounts.
Three simple methods
The methods give between 27 MNOK and 126 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 39 MNOK |
| EV/EBIT | 8.0 | 27 MNOK |
| P/B | 1.0 | 126 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 operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors?
Based on: Operating margin 0.5% (median 4.5%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
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 2.1%. 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 | 30 | weight 30% |
|---|---|---|
| Solidity | 76 | weight 25% |
| Liquidity | 72 | weight 15% |
| Growth | 75 | weight 15% |
| Consistency | 72 | weight 15% |
Durability: 54 (average over 2 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is AF ELKRAFT AS?
The operating margin was 0.5% in 2024, against a median of 4.5% among medium-sized companies in the same sector. Return on assets was 7.9%.
How solid is AF ELKRAFT AS?
The equity ratio was 49.5% in 2024 (median 31.6%). Debt-to-equity was 1.02 (median 2.09).
What is the liquidity of AF ELKRAFT AS like?
The current ratio was 1.65 in 2024 (median 1.34).
How does AF ELKRAFT AS compare in Bygg og anlegg?
AF ELKRAFT AS ranks 6,520 of 22,842 in Bygg og anlegg for 2024. Among companies of the same size (medium-sized companies) it ranks 153 of 611. Revenue changed by 24.8% from the year before.
Group accounts
The company is registered as part of a group, but we have no group accounts for it. Group accounts are filed by the parent company, and open data does not say which company that is.
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.
We do not show the group structure, because open data does not say who owns whom.
Public contracts
- Contracts awarded since 2024
- 2
- Total awarded value since 2024
- value not stated
- 2 contracts without a stated value are not in the total.
| Date | Buyer | Notice | Value |
|---|---|---|---|
| 20 October 2025 | Vestland fylkeskommune | Hardanger veglys oppgradering | value not stated |
| 29 April 2024 | Volda Kommune | Rammeavtale om drift, vedlikehald og reparasjon av eksisterande veglys, samt utviding av veglysanlegg | value not stated |
| 6 October 2022 | Vestland fylkeskommune | E4651 Elektrokontrakt Bergen 2022-2027 | value not stated |
| 18 February 2022 | Tysnes kommune | Vedlikehald og utskifting av veglys | value not stated |
| 28 September 2020 | Hydro Energi AS | Transformer T9 - Fortun | value not stated |
| 11 June 2020 | IKT Nordhordland kommunalt oppgåvefellesskap | Levering av UPS og dataskap | value not stated |
Based on notices in Doffin. Does not show call-offs under framework agreements or purchases below the publication threshold. Values are as stated by the buyer.
Source: Doffin (DFØ), fetched 27 October 2026. Winners are matched on organisation number.
Contains data under the Norwegian licence for public data (NLOD 2.0) made available by Doffin/the Norwegian Agency for Public and Financial Management (DFØ). NLOD 2.0
From the Central Coordinating Register
- Org. no.
- 916036930
- Legal form
- AS · part of a group
- Sector
- Bygg og anlegg (42.222)
- Size tier
- medium
- Employees
- 237 registered 10 September 2026
- Founded
- 18 September 2015 11 years in operation
- Share capital
- 1.37 MNOK
- Business address
- Krokatjønnveien 11C, 5147 FYLLINGSDALEN (BERGEN)
- Municipality
- Bergen rank 9 of 11 in KOSTRA group 12
- Latest accounts filed
- 2025
- Website
- www.afgruppen.no/selskaper/af-elkraft/
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
- Helge Rysjedal
- Chair of the board
- Tormod Solberg
- Board member
- Ingrid Von Streng Velken
- Board member
- Gard Haukedal Kvalheim
- Board member
- Michael Wie
- Auditor
- PRICEWATERHOUSECOOPERS 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.
Figures last fetched 26 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 48 | 61 | 65 | |
| Rank | 11,179 | 6,520 | 5,037 | |
| Operating margin | 1.4% | 0.5% | 4.2% | |
| Return on assets | 9.4% | 7.9% | 16.5% | |
| Equity ratio | 32.9% | 49.5% | 48.9% | |
| Current ratio | 1.55 | 1.65 | 1.77 | |
| Revenue growth | – | 24.8% | 6.2% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 583.2 MNOK | 728.1 MNOK | 773.2 MNOK |
| Operating profit | 8.3 MNOK | 3.4 MNOK | 32.3 MNOK |
| Profit before tax | 12.7 MNOK | 5.9 MNOK | 28.9 MNOK |
| Net profit | 9.2 MNOK | 3.9 MNOK | 22.2 MNOK |
| Financial expenses | 16.1 MNOK | 14.3 MNOK | 18.9 MNOK |
| Total assets | 305.5 MNOK | 254.4 MNOK | 289.4 MNOK |
| Current assets | 258.0 MNOK | 211.9 MNOK | 261.7 MNOK |
| Equity | 100.4 MNOK | 125.9 MNOK | 141.7 MNOK |
| Retained earnings | 33.1 MNOK | 58.6 MNOK | 74.3 MNOK |
| Total liabilities | 205.0 MNOK | 128.5 MNOK | 147.8 MNOK |
| Current liabilities | 166.6 MNOK | 128.5 MNOK | 147.8 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 5927129.
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