LINEA AS
Score · fiscal year 2025
30of 100
How to read this: the company is ahead of 5 % of companies in the Morning class Large in the same sector in 2025. What does this mean?
Rank in the Morning class Large: 58 of 61 · What are Morning company classes?
Place in the whole sector: 782 of 878 · Kraft og energi
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 24 and solidity 42 out of 100 among companies in the Morning class Large in the same sector in 2025. Methodology
Against the sector
LINEA AS is 18 points below the median for companies in the Morning class Large in the same sector in 2025.
Median score 48 among 61 companies.
Against companies in the Morning class Large in the same sector in 2025: operating margin 6.0% (median 17.7%) and equity ratio 33.1% (median 35.4%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 752 MNOK | 1,559 MNOK |
| Operating margin | 6.0% | 17.7% |
| Profit margin | −2.7% | 16.2% |
| Return on assets | 1.8% | 8.1% |
| Equity ratio | 33.1% | 35.4% |
| Debt-to-equity | 2.02 | 1.82 |
| Current ratio | 0.66 | 1.05 |
| Revenue growth | 1.2% | 10.0% |
| Revenue per employee | 3.67 MNOK | 28.54 MNOK |
The median and “ahead of” refer to companies in the Morning class Large in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 30, LINEA AS does better than 5% of companies in the Morning class Large in the same sector (61 companies) in 2025.
Score 2023–2025
- LINEA AS
- Median: companies in the Morning class Large in the same sector
LINEA AS has a score of 30 for 2025, rank 782 of 878 in the sector.
Strongest: Solidity: percentile 42 against peers, equity ratio 33.1% against a median of 35.4%.
Weakest: Liquidity: percentile 23 against peers, current ratio 0.66 against a median of 1.05. Profitability: percentile 24 against peers, operating margin 6.0% against a median of 17.7%.
Worth a closer look
- Consider strengthening liquidity: current liabilities are 1.5 times current assets. Based on: current ratio 0.66 (median 1.05).
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin −2.7% (median 16.2%).
- What lies behind weak profitability, 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
LINEA AS had an operating margin of 6.0% and an equity ratio of 33.1% in 2025, and ranks 782 of 878 in Kraft og energi.
From 2024 to 2025: went from a profit to a loss before tax and the operating margin fell from 17.3% to 6.0%.
LINEA AS did weaker than the sector in 2025, the sector's weakest year.
This text is generated automatically from the 2025 accounts.
Three simple methods
One method gives a figure: 934 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | debt above value |
| P/B | 1.0 | 934 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
Consider strengthening liquidity: current liabilities are 1.5 times current assets.
Based on: Current ratio 0.66 (median 1.05).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −2.7% (median 16.2%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 3.8% 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.
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
The operating margin was 6.0% in 2025 (sector median 15.7%), and the equity ratio 33.1%. The company had a loss before tax that year. In the other years the operating margin averaged 20.0%.
The sector's weakest year was 2025, with a median operating margin of 15.7%. Based on the 5 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 24 | weight 30% |
|---|---|---|
| Solidity | 42 | weight 25% |
| Liquidity | 23 | weight 15% |
| Growth | 30 | weight 15% |
| Consistency | 26 | weight 15% |
Durability: 43 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is LINEA AS?
The operating margin was 6.0% in 2025, against a median of 17.7% among companies in the Morning class Large in the same sector. Return on assets was 1.8%. The company made a loss before tax.
How solid is LINEA AS?
The equity ratio was 33.1% in 2025 (median 35.4%). Debt-to-equity was 2.02 (median 1.82).
What is the liquidity of LINEA AS like?
The current ratio was 0.66 in 2025 (median 1.05). Current assets did not cover current liabilities.
How does LINEA AS compare in Kraft og energi?
LINEA AS ranks 782 of 878 in Kraft og energi for 2025. Among companies in the Morning class Large it is number 58 of 61. Revenue changed by 1.2% from the year before.
From the Central Coordinating Register
- Org. no.
- 917424799
- Legal form
- AS
- Sector
- Kraft og energi (35.140)
- Morning company class
- Large
- Employees
- 205 registered 10 October 2026
- Founded
- 27 May 2016 10 years in operation
- Share capital
- 50.00 MNOK
- Business address
- Industrivegen 7, 8657 MOSJØEN (VEFSN)
- Municipality
- Vefsn rank 9–13 of 13 in KOSTRA group 8
- Latest accounts filed
- 2025
- Website
- www.helgelandkraftnett.no
- LEI
- 5493002H1YDJFFN1XM50 renews 3 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
- Chief executive
- Steinar Johansen Benum
- Chair of the board
- Eivind Mikalsen
- Board member
- Kristine Alstad Nicolaisen
- Board member
- Grete Håkonsen Coldevin
- Board member
- Bjørn Ove Wetjen
- Board member
- Stig-Johnny Thomassen
- Deputy member
- Ståle André Larsen
- Deputy member
- Bjørn Peder Fauske
- Deputy member
- Thor-Kristian Johansen
- Deputy member
- Svein Krutnes
- Auditor
- ERNST & YOUNG AS
Source: Central Coordinating Register, fetched 29 October 2026. Only names are shown.
- Parent company
- HELGELAND KRAFT AS (Norway)
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 29 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 26 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 52 | 47 | 30 | |
| Rank | 380 | 502 | 782 | |
| Operating margin | 22.8% | 17.3% | 6.0% | |
| Return on assets | 6.8% | 5.3% | 1.8% | |
| Equity ratio | 37.3% | 37.7% | 33.1% | |
| Current ratio | 1.01 | 0.86 | 0.66 | |
| Revenue growth | – | 9.1% | 1.2% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 681.3 MNOK | 743.6 MNOK | 752.4 MNOK |
| Operating profit | 155.3 MNOK | 128.3 MNOK | 45.2 MNOK |
| Profit before tax | 104.8 MNOK | 67.7 MNOK | −20.4 MNOK |
| Net profit | 81.8 MNOK | 52.3 MNOK | −16.1 MNOK |
| Financial expenses | 54.5 MNOK | 64.8 MNOK | 72.2 MNOK |
| Total assets | 2,349.9 MNOK | 2,518.2 MNOK | 2,824.3 MNOK |
| Current assets | 249.1 MNOK | 219.6 MNOK | 268.1 MNOK |
| Equity | 876.6 MNOK | 950.0 MNOK | 933.9 MNOK |
| Retained earnings | 373.9 MNOK | 447.2 MNOK | 431.1 MNOK |
| Total liabilities | 1,473.3 MNOK | 1,568.2 MNOK | 1,890.4 MNOK |
| Current liabilities | 247.7 MNOK | 256.5 MNOK | 408.0 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 6922796.
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