Enrx Group AS
Not financial advice. The index, rank, signals and advice are rule-based indications from the latest filed annual accounts. They are not a credit rating, an assessment of management or a recommendation to buy, sell or do business with the company. Read more
Key facts
Is the company run well?
Five key figures against companies in the same sector. Green is better than most, amber about like the industry and red weaker than most.
- Returns · return on assets 2.4% Weaker than the industry Industry: 8.9%
- Solidity · equity ratio 62.9% Better than the industry Industry: 40.4%
- Liquidity · current ratio 0.33 Weaker than the industry Industry: 1.65
- Growth · revenue growth −100.0% Weaker than the industry Industry: 5.8%
The mark comes from the company's place among comparable companies (percentile): green from 60, amber from 40, red below 40. Negative equity, an operating loss and a current ratio under 1 pull it down regardless. Methodology
Score · fiscal year 2025
Not enough data: Revenue not reported
Based on the annual accounts for 2025
How it has gone · 2023–2025
Revenue fell by 100 % from 2024 to 2025, to 0.0 MEUR. The equity ratio rose from 45.3% in 2023 to 62.9% in 2025.
Amounts in the reporting currency. The full year-by-year table is further down under «Details». See every figure year by year
Accounts in short
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | – | 0.0 MEUR | 0.0 MEUR |
| Operating profit | −0.5 MEUR | −0.2 MEUR | −1.5 MEUR |
| Net profit | 0.0 MEUR | −0.8 MEUR | −40.9 MEUR |
| Total assets | 106.7 MEUR | 108.7 MEUR | 74.5 MEUR |
| Equity | 48.4 MEUR | 47.8 MEUR | 46.8 MEUR |
| Total liabilities | 58.3 MEUR | 60.9 MEUR | 27.7 MEUR |
From the Brønnøysund Register Centre, in the company's reporting currency (EUR). See every figure year by year
From the Central Coordinating Register
- Org. no.
- 926875736
- Legal form
- AS
- Sector
- Industri (27.110)
- Purpose
- Enten selvstendig eller i samarbeid med andre å eie helt eller delvis selskaper som driver utvikling, produksjon og salg av mekaniske og elektroniske produkter, anlegg og tjenester i Norge og utlandet, eller på annen måte være interessert i industrielle virksomheter, handel, faste eiendommer eller byggeforetagender, samt helt eller delvis å eie eller på annen måte være interessert i foretagender som står i forbindelse med eller kan antas å være til støtte for selskapets øvrige virksomhet.
- Employees
- 0–4 (not registered) Payroll costs in the accounts: 0.0 MEUR (2025).
- Founded
- 26 February 2021 5 years in operation
- Share capital
- 881.19 MNOK
- Business address
- C/O EFD Induction Group AS, Bølevegen 4B, 3724 SKIEN
- Municipality
- Skien rank 9 of 10 in KOSTRA group 11
- Latest accounts filed
- 2025
- VAT registered
- Yes
- Former names
- Evolgy AS until 2023, Afk AS until 2022
- LEI
- 54930012KYG9Y274R714 renews 17 February 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
Worth a closer look
- critical
Consider strengthening liquidity: current liabilities are 3.1 times current assets.
Based on: Current ratio 0.33 (median 1.65).
- critical
The operating result does not cover the financial costs. How will the debt be serviced, and what do the lenders say?
Based on: Interest coverage (times) 0.0 (median 4.7); Financial costs as a share of debt 154.3% (median 2.1%).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin – (median 4.2%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 154.3% 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
- watch No revenue but large assets
- watch Reports in a currency other than NOK
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 −0.4%. Based on the 10 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 0 MNOK | 11 MNOK |
| Operating margin | – | 4.6% |
| Profit margin | – | 4.2% |
| Return on assets | 2.4% | 8.9% |
| Equity ratio | 62.9% | 40.4% |
| Debt-to-equity | 0.59 | 1.27 |
| Current ratio | 0.33 | 1.65 |
| Revenue growth | −100.0% | 5.8% |
The median and “ahead of” refer to companies in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
Score over time
Score over time needs at least two fiscal years with a score. It will appear when next year's figures are fetched or history is imported.
Working capital and debt
| Measure | Company | Median | |
|---|---|---|---|
| Working capital | |||
| Receivable days All current receivables, including those on group companies, in days of revenue. |
– | 47 days | |
| Inventory and other current assets, days Current assets other than receivables and bank deposits, that is inventory and short-term investments, in days of revenue. |
– | 27 days | |
| Net working capital to revenue Current assets less bank deposits less current liabilities, divided by revenue. Negative: short-term debt funds the operations. |
– | 1.3% | |
| Cash share of current assets How much of the short-term buffer is bank deposits and cash. |
0.0% | 28.5% | |
| Debt and interest burden | |||
| Interest coverage (times) Operating result divided by all financial costs. Below 1: operations do not cover the cost of the debt. |
0.0 | 4.7 | |
| Financial costs as a share of debt All financial costs (interest, currency losses and other) divided by all debt, interest-free debt included. Not an interest rate. |
154.3% | 2.1% | |
| Long-term share of debt Long-term debt as a share of all debt. A low share means more falls due within a year. |
0.0% | 20.6% | |
The operating result is negative, so the interest coverage is negative: operations cover none of the financial costs.
Net working capital (current assets less bank deposits less current liabilities): −18.6 MEUR.
Of the financial costs of 42.7 MEUR, 3.6 MEUR is reported as interest costs in the accounts.
The median and the bar refer to companies in the same sector in 2025. The bar shows the share of the group with a lower figure: higher is not always better, long receivable days tie up capital, for example. These figures do not count in the score.
The industry or the company: what drove the result?
The company and its sector's drivers
Prices, rate and currency that shape the sector's year, year by year beside the operating margin of Enrx Group AS. The figures stand side by side; we claim no cause.
Producer prices in manufacturing (indeks (2021 = 100))
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Producer prices in manufacturing, annual average | 100.0 | 124.7 | 129.5 | 134.4 | 138.3 | 146.7 (so far) |
| Change from the year before | +10.7% | +24.7% | +3.9% | +3.7% | +2.9% | +6.1% |
| The company's operating margin | – | – | – | −1,429.4% | – | – |
Source: SSB (12462, CC BY 4.0). Source
EUR/NOK (kr)
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| EUR/NOK, annual average | 10.16 | 10.10 | 11.42 | 11.62 | 11.72 | 11.04 (so far) |
| Change from the year before | −5.2% | −0.6% | +13.1% | +1.8% | +0.8% | −5.8% |
| The company's operating margin | – | – | – | −1,429.4% | – | – |
Source: Norges Bank (EXR, NLOD 2.0). Source
Wholesale power price (øre per kWh)
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Wholesale power price, annual average | 64.2 | 141.7 | 72.0 | 49.4 | 54.0 | 96.5 (so far) |
| Change from the year before | +466.7% | +120.8% | −49.2% | −31.4% | +9.4% | +78.4% |
| The company's operating margin | – | – | – | −1,429.4% | – | – |
Source: SSB (09363, CC BY 4.0). Source
USD/NOK (kr)
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| USD/NOK, annual average | 8.59 | 9.61 | 10.56 | 10.75 | 10.39 | 9.54 (so far) |
| Change from the year before | −8.8% | +11.9% | +9.9% | +1.7% | −3.3% | −8.2% |
| The company's operating margin | – | – | – | −1,429.4% | – | – |
Source: Norges Bank (EXR, NLOD 2.0). Source
Wage index: fabricated metal products (indeks)
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Wage index: fabricated metal products, annual average | 88.0 | 91.5 | 96.9 | 102.1 | 108.0 | 112.8 (so far) |
| Change from the year before | +3.1% | +3.9% | +6.0% | +5.4% | +5.8% | +4.5% |
| The company's operating margin | – | – | – | −1,429.4% | – | – |
Source: SSB (12314, CC BY 4.0). Source
We show the drivers and the margin side by side and claim no cause. Sensitivity per company is not computed until we have at least 10 years of accounts per company: with three years such figures are false precision.
What the numbers say
Enrx Group AS had an equity ratio of 62.9% in 2025. The company is not ranked: revenue not reported.
From 2024 to 2025: revenue fell by 100% and the equity ratio rose from 44.0% to 62.9%.
This text is generated automatically from the 2025 accounts.
Three simple methods
One method gives a figure: 162 MEUR.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 25.8 | not meaningful |
| EV/EBIT | 19.1 | not meaningful |
| P/B | 4.0 | 162 MEUR |
The listed basis is the value at listed multiples. The estimate is lowered for size: a small-company premium of 1% on the cost of equity gives a value 14% lower. No separate marketability discount is applied, because the premium already allows for the company being small and unlisted.
The multiples are from the listed industry that matches the NACE code (27): Machinery.
Not financial advice. The value range is a rough model estimate from listed-company multiples, not a valuation, a price target or a price offer. The actual value may differ greatly. Read more
A mechanical estimate from public accounts, not advice. A mechanical estimate from public accounts with listed multiples and fixed adjustments. Not a valuation and not advice to buy or sell. See the calculation
Questions and answers
How profitable is Enrx Group AS?
The operating margin was – in 2025, against a median of 4.6% among companies in the same sector. Return on assets was 2.4%. The company made a loss before tax.
How solid is Enrx Group AS?
The equity ratio was 62.9% in 2025 (median 40.4%). Debt-to-equity was 0.59 (median 1.27).
What is the liquidity of Enrx Group AS like?
The current ratio was 0.33 in 2025 (median 1.65). Current assets did not cover current liabilities.
Group structure · 2025
35 companies in the group according to the shareholder register for 2025. A company counts as a subsidiary when a Norwegian company owns more than half of its shares.
No owner holds more than half of the shares in Arendals Fossekompani ASA.
Group accounts. Arendals Fossekompani ASA for 2025: index 36 of 100, number 34 of 42 groups. See the group accounts
The group in figures
- Sectors
- Industri (4 companies), Kraft og energi (4 companies), Teknisk tjenesteyting og forskning (3 companies), Eiendom (11 companies), Transport og lagring (1 company), Revisjon, regnskap og rådgivning (6 companies) and 2 more 32 of 35 companies in the tree have accounts with us. Sectors are sorted by the companies' own revenue, which includes sales between the group's companies.
- Employees in Norway
- 290 in all. Skien 193, Froland 42, Oslo 29, Kristiansund 26 Registered employees in the Central Coordinating Register, by the municipality of the business address. Employees may work elsewhere.
- Negative equity
- 9 companies: Veyt AS, Commeo Holding AS, Folkebad Drift AS, Dcno Holding AS, Cellect Holding AS, Induction Holding AS …
- Loss
- 20 companies: Enrx Holding AS, Kontali Analyse AS, Veyt AS, Arendal Lufthavn Gullknapp AS, Alytic AS, Utel AS …
- Changed 2024–2025
- 1 company left.
A subsidiary with negative equity or a loss may be backed by the group, for example with group contributions or guarantees. It is an indication of what is worth asking about, not an assessment.
-
Arendals Fossekompani ASA
-
Enrx Group AS you are here
-
Alytic AS
- Org. no. 927897423
- Org. no. 929546865
- Afk Småkraft Holding AS
- Afk Tyskland Holding AS
- Dcno 1 AS
- Tekna Holding ASA
-
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.
Source: the Norwegian Tax Administration's shareholder register 2025 (majority owner with more than 50 % of the shares). Voting agreements and ownership through other countries are not included.
Ownership and roles
Loading roles …
Source: Central Coordinating Register, fetched 4 November 2026. Only names are shown.
- Parent company
- Arendals Fossekompani ASA (Norway)
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 30 October 2026. The parent is the one the company itself reported to GLEIF.
Shareholders (2025)
- Number of shareholders
- 123 (one owner holds more than half)
- Largest owner
- 95.1% · top three 95.7%
- Split
- companies 97% · private persons 3% · foreign 1%
- Owned from the same municipality
- 1%
- Owners over 60
- 27% of the shares held by persons (median age 57)
- Group chain
-
Owned by: Arendals Fossekompani ASA (95%)
Ultimate owner: Arendals Fossekompani ASA
- Arendals Fossekompani ASA · 95.1%
- Glitre Mule AS · 0.2%
- Lapta Invest AS · 0.2%
- Spurv Invest AS · 0.2%
- Tensegrity Systems AS · 0.2%
- CLEARSTREAM BANKING S.A. (Luxembourg) · 0.1%
- Pust Holding AS · 0.1%
- Naseas Holding AS · 0.1%
- Pershing LLC (USA) · 0.1%
- Enrx Group AS · 0.1%
- 108 private persons · 3.4%
The company is new in the shareholder register in 2025.
Majority owner of: Induction Holding AS (100%), Enrx Holding AS (100%)
The portfolio: 3 of the companies it owns shares in have accounts with us, 2 of them as majority owner. The average index is 3. 1 have negative equity and 3 made a loss in the latest year.
Holds shares in: Enrx Holding AS (100%), Enrx Group AS (0%), Induction Holding AS (100%)
Source: the Norwegian Tax Administration's shareholder register as of 2025. Figures may be older than today's ownership. Private persons are not shown by name.
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.
Is this your company? Suggest changes or add information
Figures last fetched 9 November 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | – | – | – | |
| Rank | – | – | – | |
| Operating margin | – | −1,429.4% | – | |
| Return on assets | 2.4% | 5.5% | 2.4% | |
| Equity ratio | 45.3% | 44.0% | 62.9% | |
| Current ratio | 3.42 | 2.88 | 0.33 | |
| Revenue growth | – | – | −100.0% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (EUR). Revenue in NOK is converted from EUR at the mean rate for the accounting period 1 January 2025–31 December 2025: 11.7177 (norges_bank). Balance-sheet amounts use the rate on the balance-sheet date. Ratios and growth are computed in EUR. Exchange rates at Norges Bank
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | – | 0.0 MEUR | 0.0 MEUR |
| Operating profit | −0.5 MEUR | −0.2 MEUR | −1.5 MEUR |
| Profit before tax | 0.2 MEUR | −0.5 MEUR | −40.9 MEUR |
| Tax expense | 0.2 MEUR | 0.3 MEUR | 0.0 MEUR |
| Net profit | 0.0 MEUR | −0.8 MEUR | −40.9 MEUR |
| Financial expenses | 2.4 MEUR | 6.5 MEUR | 42.7 MEUR |
| Total assets | 106.7 MEUR | 108.7 MEUR | 74.5 MEUR |
| Current assets | 11.7 MEUR | 10.0 MEUR | 9.0 MEUR |
| Equity | 48.4 MEUR | 47.8 MEUR | 46.8 MEUR |
| Retained earnings | −1.7 MEUR | −2.5 MEUR | −43.3 MEUR |
| Total liabilities | 58.3 MEUR | 60.9 MEUR | 27.7 MEUR |
| Current liabilities | 3.4 MEUR | 3.5 MEUR | 27.7 MEUR |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 9 November 2026, accounts id 7232208.
Further
News and announcements
- 21 October 2026 Fusjonsbeslutning (opens in a new tab) Source: Brønnøysundregistrene · important
- 27 March 2026 Kapital (opens in a new tab) Source: Brønnøysundregistrene
From official sources: the Brønnøysund Register Centre, Oslo Børs NewsWeb and public agencies. We show the title, date and a link to the source. The link to a company, sector or municipality is automatic and may be wrong. Report a wrong link