ELECTRIC WAY AS
Score · fiscal year 2025
36of 100
How to read this: the company is ahead of 21 % of medium-sized companies in the same sector in 2025. What does this mean?
Rank: 28,440 of 38,670 · Handel
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 2 and solidity 40 out of 100 among medium-sized companies in the same sector in 2025. Methodology
Against the sector
ELECTRIC WAY AS is 13 points below the median for medium-sized companies in the same sector in 2025.
Median score 49 among 2,198 companies.
Against medium-sized companies in the same sector in 2025: operating margin −11.8% (median 3.2%) and equity ratio 27.3% (median 32.6%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 330 MNOK | 173 MNOK |
| Operating margin | −11.8% | 3.2% |
| Profit margin | −15.8% | 3.2% |
| Return on assets | −9.2% | 11.6% |
| Equity ratio | 27.3% | 32.6% |
| Debt-to-equity | 2.67 | 2.03 |
| Current ratio | 1.26 | 1.38 |
| Revenue growth | 98.4% | 6.8% |
| Revenue per employee | 18.34 MNOK | 6.45 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 36, ELECTRIC WAY AS does better than 21% of medium-sized companies in the same sector (2,203 companies) in 2025.
Score 2023–2025
- ELECTRIC WAY AS
- Median: medium-sized companies in the same sector
ELECTRIC WAY AS has a score of 36 for 2025, rank 28,440 of 38,670 in the sector.
Strongest: Growth: percentile 96 against peers, revenue growth 98.4% against a median of 6.8%.
Weakest: Profitability: percentile 2 against peers, operating margin −11.8% against a median of 3.2%. Consistency: percentile 32 against peers.
Worth a closer look
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin −15.8% (median 3.2%).
- The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors? Based on: operating margin −11.8% (median 3.2%).
- What lies behind weak profitability, and will it last?
- What lies behind weak consistency, 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
ELECTRIC WAY AS had an operating margin of −11.8% and an equity ratio of 27.3% in 2025, and ranks 28,440 of 38,670 in Handel.
From 2024 to 2025: the operating margin rose from −51.4% to −11.8% and revenue grew by 98%.
This text is generated automatically from the 2025 accounts.
Three simple methods
One method gives a figure: 58 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 58 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 company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −15.8% (median 3.2%).
- 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 −11.8% (median 3.2%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 20.7% 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.
Data quality
No anomalies found in the figures.
Scenario analysis: the sector's weakest year
We have no accounts for 2017, the sector's weakest year, for this company.
The sector's weakest year was 2017, with a median operating margin of −65.6%. Based on the 11 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 2 | weight 30% |
|---|---|---|
| Solidity | 40 | weight 25% |
| Liquidity | 40 | weight 15% |
| Growth | 96 | weight 15% |
| Consistency | 32 | weight 15% |
Durability: 27 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is ELECTRIC WAY AS?
The operating margin was −11.8% in 2025, against a median of 3.2% among medium-sized companies in the same sector. Return on assets was −9.2%. The company made a loss before tax.
How solid is ELECTRIC WAY AS?
The equity ratio was 27.3% in 2025 (median 32.6%). Debt-to-equity was 2.67 (median 2.03).
What is the liquidity of ELECTRIC WAY AS like?
The current ratio was 1.26 in 2025 (median 1.38).
How does ELECTRIC WAY AS compare in Handel?
ELECTRIC WAY AS ranks 28,440 of 38,670 in Handel for 2025. Among companies of the same size (medium-sized companies) it ranks 1,745 of 2,203. Revenue changed by 98.4% 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.
From the Central Coordinating Register
- Org. no.
- 928602796
- Legal form
- AS · part of a group
- Sector
- Handel (47.810)
- Size tier
- medium
- Employees
- 18 registered 10 September 2026
- Founded
- 7 January 2022 4 years in operation
- Share capital
- 50.00 MNOK
- Business address
- Kinogata 4, 2850 LENA (ØSTRE TOTEN)
- Municipality
- Østre Toten rank 17–34 of 38 in KOSTRA group 7
- 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
- Torje Aleksander Sulland
- Chair of the board
- Odd Arvid Sulland
- Board member
- Torje Aleksander Sulland
- Board member
- Øyvind Sulland
- Board member
- Svein Arild Johnsgård
- Board member
- Johanne Oppegaard Sulland
- Board member
- Therese Sulland
- Board member
- Unn Beathe Sulland
- Auditor
- TELL NORGE AS
Source: Central Coordinating Register, fetched 29 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 27 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 7 | 37 | 36 | |
| Rank | 33,208 | 26,806 | 28,440 | |
| Operating margin | −105.1% | −51.4% | −11.8% | |
| Return on assets | −29.7% | −39.9% | −9.2% | |
| Equity ratio | 10.4% | 28.6% | 27.3% | |
| Current ratio | 1.06 | 1.27 | 1.26 | |
| Revenue growth | – | 26.9% | 98.4% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 131.1 MNOK | 166.4 MNOK | 330.1 MNOK |
| Operating profit | −137.8 MNOK | −85.5 MNOK | −38.8 MNOK |
| Profit before tax | −164.1 MNOK | −102.3 MNOK | −52.0 MNOK |
| Net profit | −128.1 MNOK | −79.9 MNOK | −41.3 MNOK |
| Financial expenses | 34.7 MNOK | 21.5 MNOK | 32.3 MNOK |
| Total assets | 435.9 MNOK | 202.4 MNOK | 214.4 MNOK |
| Current assets | 412.6 MNOK | 183.4 MNOK | 196.9 MNOK |
| Equity | 45.2 MNOK | 57.9 MNOK | 58.4 MNOK |
| Retained earnings | −4.9 MNOK | – | – |
| Total liabilities | 390.7 MNOK | 144.5 MNOK | 155.9 MNOK |
| Current liabilities | 390.7 MNOK | 144.5 MNOK | 155.9 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 27 October 2026, accounts id 6995050.
Further
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