FJELLNETT AS
Score · fiscal year 2025
58of 100
How to read this: the company is ahead of 65 % of medium-sized companies in the same sector in 2025. What does this mean?
Rank: 266 of 839 · Kraft og energi
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 71 and solidity 54 out of 100 among medium-sized companies in the same sector in 2025. Methodology
Against the sector
FJELLNETT AS is 9 points above the median for medium-sized companies in the same sector in 2025.
Median score 49 among 101 companies.
Against medium-sized companies in the same sector in 2025: operating margin 22.9% (median 9.9%) and equity ratio 45.1% (median 40.8%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 223 MNOK | 202 MNOK |
| Operating margin | 22.9% | 9.9% |
| Profit margin | 18.8% | 13.6% |
| Return on assets | 8.3% | 5.6% |
| Equity ratio | 45.1% | 40.8% |
| Debt-to-equity | 1.22 | 1.28 |
| Current ratio | 0.77 | 1.27 |
| Revenue growth | 15.1% | 6.1% |
| Revenue per employee | 3.38 MNOK | 5.01 MNOK |
The median and “ahead of” refer to medium-sized companies in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 58, FJELLNETT AS does better than 65% of medium-sized companies in the same sector (101 companies) in 2025.
Score 2023–2025
- FJELLNETT AS
- Median: medium-sized companies in the same sector
What the numbers say
FJELLNETT AS had an operating margin of 22.9% and an equity ratio of 45.1% in 2025, and ranks 266 of 839 in Kraft og energi.
From 2024 to 2025: the operating margin rose from 17.0% to 22.9% and revenue grew by 15%.
FJELLNETT AS did better than the sector in 2025, the sector's weakest year.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 139 MNOK and 327 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 327 MNOK |
| EV/EBIT | 8.0 | 139 MNOK |
| P/B | 1.0 | 283 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 1.3 times current assets.
Based on: Current ratio 0.77 (median 1.27).
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
The operating margin was 22.9% in 2025 (sector median 4.6%), and the equity ratio 45.1%. In the other years the operating margin averaged 19.7%.
The sector's weakest year was 2025, with a median operating margin of 4.6%. 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 | 54 | weight 25% |
| Liquidity | 27 | weight 15% |
| Growth | 70 | weight 15% |
| Consistency | 56 | weight 15% |
Durability: 56 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is FJELLNETT AS?
The operating margin was 22.9% in 2025, against a median of 9.9% among medium-sized companies in the same sector. Return on assets was 8.3%.
How solid is FJELLNETT AS?
The equity ratio was 45.1% in 2025 (median 40.8%). Debt-to-equity was 1.22 (median 1.28).
What is the liquidity of FJELLNETT AS like?
The current ratio was 0.77 in 2025 (median 1.27). Current assets did not cover current liabilities.
How does FJELLNETT AS compare in Kraft og energi?
FJELLNETT AS ranks 266 of 839 in Kraft og energi for 2025. Among companies of the same size (medium-sized companies) it ranks 36 of 101. Revenue changed by 15.1% from the year before.
From the Central Coordinating Register
- Org. no.
- 923354204
- Legal form
- AS
- Sector
- Kraft og energi (35.140)
- Size tier
- medium
- Employees
- 66 registered 10 October 2026
- Founded
- 21 August 2019 7 years in operation
- Share capital
- 10.00 MNOK
- Business address
- Edvard Storms veg 4, 2680 VÅGÅ
- Municipality
- Vågå rank 12 of 39 in KOSTRA group 4
- 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
- Chief executive
- Vebjørn Haugen
- Chair of the board
- Tronn Olaf Flittie
- Board member
- Tone Bakken
- Board member
- Amund Mundhjeld
- Board member
- Arnstein Sperstad
- Board member
- Linda Svendsen
- Board member
- Arnulf Furuhovde
- Board member
- Steinar Dahlen
- Deputy member
- Pål Sve Bjørndal
- Deputy member
- Borghild Garmo
- Deputy member
- Per Heringstad
- Deputy member
- Berit Hoelsbrekken
- Deputy member
- Linda Ryen
- Deputy member
- Liv Sandlund
- Deputy member
- Henning Hagen
- Auditor
- TELL NORGE 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 | 60 | 51 | 58 | |
| Rank | 209 | 384 | 266 | |
| Operating margin | 22.5% | 17.0% | 22.9% | |
| Return on assets | 8.8% | 6.1% | 8.3% | |
| Equity ratio | 51.3% | 49.0% | 45.1% | |
| Current ratio | 1.20 | 0.83 | 0.77 | |
| Revenue growth | – | −2.4% | 15.1% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 198.3 MNOK | 193.6 MNOK | 222.8 MNOK |
| Operating profit | 44.6 MNOK | 32.9 MNOK | 51.0 MNOK |
| Profit before tax | 37.2 MNOK | 23.8 MNOK | 41.9 MNOK |
| Net profit | 29.0 MNOK | 18.5 MNOK | 32.7 MNOK |
| Financial expenses | 8.9 MNOK | 10.3 MNOK | 10.3 MNOK |
| Total assets | 520.9 MNOK | 562.4 MNOK | 628.6 MNOK |
| Current assets | 66.8 MNOK | 54.7 MNOK | 59.0 MNOK |
| Equity | 267.1 MNOK | 275.7 MNOK | 283.3 MNOK |
| Retained earnings | 75.7 MNOK | 84.2 MNOK | 91.9 MNOK |
| Total liabilities | 253.8 MNOK | 286.7 MNOK | 345.3 MNOK |
| Current liabilities | 55.6 MNOK | 66.2 MNOK | 76.4 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 6944386.
Further
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