ÅRDAL ENERGI HOLDING AS
Score · fiscal year 2023
81of 100
How to read this: the company is ahead of 91 % of medium-sized companies in the same sector in 2023. What does this mean?
Rank: 34 of 938 · Kraft og energi
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2023, not a verdict on the company. Based on profitability 71 and solidity 95 out of 100 among medium-sized companies in the same sector in 2023. Methodology
Against the sector
ÅRDAL ENERGI HOLDING AS is 33 points above the median for medium-sized companies in the same sector in 2023.
Median score 48 among 138 companies.
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating margin | – | 20.5% |
| Profit margin | – | 18.1% |
| Return on assets | 12.5% | 7.3% |
| Equity ratio | 92.5% | 38.9% |
| Debt-to-equity | 0.08 | 1.44 |
| Current ratio | 4.25 | 1.20 |
| Revenue growth | – | – |
The median and “ahead of” refer to medium-sized companies in the same sector in 2023. The bar shows the share of companies the figure is ahead of.
With an index of 81, ÅRDAL ENERGI HOLDING AS does better than 91% of medium-sized companies in the same sector (138 companies) in 2023.
Score 2023–2025
- ÅRDAL ENERGI HOLDING AS
- Median: medium-sized companies in the same sector
What the numbers say
ÅRDAL ENERGI HOLDING AS had an operating margin of – and an equity ratio of 92.5% in 2023, and ranks 34 of 938 in Kraft og energi.
This text is generated automatically from the 2023 accounts.
Three simple methods
The methods give between 125 MNOK and 169 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 169 MNOK |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 125 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
No rules were triggered for this year.
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Data quality
- watch Revenue not reported
- watch No revenue but large assets
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 0.3%. 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 | 71 | weight 30% |
|---|---|---|
| Solidity | 95 | weight 25% |
| Liquidity | 90 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 66 | weight 15% |
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is ÅRDAL ENERGI HOLDING AS?
The operating margin was – in 2023, against a median of 20.5% among medium-sized companies in the same sector. Return on assets was 12.5%.
How solid is ÅRDAL ENERGI HOLDING AS?
The equity ratio was 92.5% in 2023 (median 38.9%). Debt-to-equity was 0.08 (median 1.44).
What is the liquidity of ÅRDAL ENERGI HOLDING AS like?
The current ratio was 4.25 in 2023 (median 1.20).
How does ÅRDAL ENERGI HOLDING AS compare in Kraft og energi?
ÅRDAL ENERGI HOLDING AS ranks 34 of 938 in Kraft og energi for 2023. Among companies of the same size (medium-sized companies) it ranks 14 of 138.
Group accounts · 2025
72 of 100
Rank 91 of 899 groups with group accounts. Groups are ranked only against each other, not against single companies.
| Key figure | The group | The company alone (2023) |
|---|---|---|
| Operating margin | 25.1% | – |
| Return on assets | 15.7% | – |
| Equity ratio | 56.9% | – |
| Current ratio | 2.08 | – |
| Revenue growth | 16.7% | – |
Group index in earlier years: 2023: 76 (139 of 1079), 2024: 54 (392 of 916).
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 2025 (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.
- 922955220
- Legal form
- AS
- Sector
- Kraft og energi (35.140)
- Size tier
- medium
- Employees
- 6 registered 10 September 2026
- Founded
- 23 May 2019 7 years in operation
- Share capital
- 29.00 MNOK
- Business address
- Utladalsvegen 1, 6884 ØVRE ÅRDAL
- Municipality
- Årdal rank 7–17 of 18 in KOSTRA group 2
- Latest accounts filed
- 2025
- Website
- www.ardal-energi.no
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
- Jan Stian Smedegård
- Chair of the board
- Egon Mogens Moen
- Board member
- Kirsti Eklund
- Board member
- Stian Marius Bye
- Board member
- Tor Erik Sveen
- Board member
- Trude Klingenberg
- Deputy member
- Jon Inge Øvrebø
- Deputy member
- Jan Inge Buene
- Deputy member
- Bodil Helen Selland Nordnes
- Deputy member
- Rune Blikken
- Deputy member
- Amarilys Ramirez Jimenez
- Auditor
- BDO 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 | 81 | 60 | 55 | |
| Rank | 34 | 254 | 405 | |
| Operating margin | – | – | −86.4% | |
| Return on assets | 12.5% | 5.7% | 17.7% | |
| Equity ratio | 92.5% | 84.8% | 70.4% | |
| Current ratio | 4.25 | 1.90 | 1.29 | |
| Revenue growth | – | – | – |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | – | – | 6.5 MNOK |
| Operating profit | −1.8 MNOK | −2.8 MNOK | −5.6 MNOK |
| Profit before tax | 16.9 MNOK | −3.4 MNOK | 26.4 MNOK |
| Net profit | 16.9 MNOK | −3.4 MNOK | 26.3 MNOK |
| Financial expenses | 0.0 MNOK | 10.3 MNOK | 0.4 MNOK |
| Total assets | 134.8 MNOK | 121.7 MNOK | 151.5 MNOK |
| Current assets | 43.1 MNOK | 35.1 MNOK | 40.6 MNOK |
| Equity | 124.7 MNOK | 103.3 MNOK | 106.6 MNOK |
| Retained earnings | 21.2 MNOK | 0.0 MNOK | 3.3 MNOK |
| Total liabilities | 10.2 MNOK | 18.5 MNOK | 44.8 MNOK |
| Current liabilities | 10.1 MNOK | 18.4 MNOK | 31.4 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 5376923.
Further
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