VEST-TELEMARK KRAFTLAG AS
Score · fiscal year 2023
58of 100
How to read this: the company is ahead of 70 % of medium-sized companies in the same sector in 2023. What does this mean?
Rank: 440 of 1,405 · Kraft og energi
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2023, not a verdict on the company. Based on profitability 91 and solidity 46 out of 100 among medium-sized companies in the same sector in 2023. Methodology
Against the sector
VEST-TELEMARK KRAFTLAG AS is 10 points above the median for medium-sized companies in the same sector in 2023.
Median score 48 among 182 companies.
Against medium-sized companies in the same sector in 2023: operating margin 58.0% (median 21.0%) and equity ratio 38.4% (median 38.9%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 348 MNOK | 198 MNOK |
| Operating margin | 58.0% | 21.0% |
| Profit margin | 58.4% | 18.9% |
| Return on assets | 37.2% | 7.8% |
| Equity ratio | 38.4% | 38.9% |
| Debt-to-equity | 1.60 | 1.44 |
| Current ratio | 0.52 | 1.22 |
| Revenue growth | – | – |
| Revenue per employee | 69.52 MNOK | 10.35 MNOK |
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 58, VEST-TELEMARK KRAFTLAG AS does better than 70% of medium-sized companies in the same sector (182 companies) in 2023.
Score 2023–2025
- VEST-TELEMARK KRAFTLAG AS
- Median: medium-sized companies in the same sector
What the numbers say
VEST-TELEMARK KRAFTLAG AS had an operating margin of 58.0% and an equity ratio of 38.4% in 2023, and ranks 440 of 1,405 in Kraft og energi.
VEST-TELEMARK KRAFTLAG AS did better than the sector in 2025, the sector's weakest year.
This text is generated automatically from the 2023 accounts.
Three simple methods
The methods give between 218 MNOK and 1,476 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 762 MNOK |
| EV/EBIT | 8.0 | 1,476 MNOK |
| P/B | 1.0 | 218 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 1.9 times current assets.
Based on: Current ratio 0.52 (median 1.22).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 2.3% of the debt in 2023. The policy rate averaged 3.54 % 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
The operating margin was 44.0% in 2025 (sector median 12.6%), and the equity ratio 44.6%. In the other years the operating margin averaged 48.6%.
The sector's weakest year was 2025, with a median operating margin of 12.6%. 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 | 91 | weight 30% |
|---|---|---|
| Solidity | 46 | weight 25% |
| Liquidity | 15 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 58 | weight 15% |
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is VEST-TELEMARK KRAFTLAG AS?
The operating margin was 58.0% in 2023, against a median of 21.0% among medium-sized companies in the same sector. Return on assets was 37.2%.
How solid is VEST-TELEMARK KRAFTLAG AS?
The equity ratio was 38.4% in 2023 (median 38.9%). Debt-to-equity was 1.60 (median 1.44).
What is the liquidity of VEST-TELEMARK KRAFTLAG AS like?
The current ratio was 0.52 in 2023 (median 1.22). Current assets did not cover current liabilities.
How does VEST-TELEMARK KRAFTLAG AS compare in Kraft og energi?
VEST-TELEMARK KRAFTLAG AS ranks 440 of 1,405 in Kraft og energi for 2023. Among companies of the same size (medium-sized companies) it ranks 56 of 182.
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.
- 955996836
- Legal form
- AS · part of a group
- Sector
- Kraft og energi (35.150)
- Size tier
- medium
- Employees
- 5 registered 10 February 2025
- Founded
- 13 September 1940 86 years in operation
- Share capital
- 72.10 MNOK
- Business address
- Høydalsmovegen 815, 3891 HØYDALSMO (TOKKE)
- Municipality
- Tokke rank 5–16 of 28 in KOSTRA group 6
- 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
- Hallgeir Aarbakk
- Chair of the board
- Erik Skjervagen
- Board member
- Magne Wraa
- Board member
- Runa Vee Tveit
- Board member
- Jarle Solbu
- Board member
- Per Dehli
- Board member
- Ragnhild Sølberg
- Board member
- Dordi Elise Flom
- Board member
- Kevin Rue
- Deputy member
- Anne Birgit Sollid
- Deputy member
- Knut Seltveit Urbø
- Deputy member
- Aud Kirsten Jonskås
- Deputy member
- Torfinn Heggtveit
- Deputy member
- Stian Stykket
- Auditor
- CEDRA 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 28 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 58 | 62 | 63 | |
| Rank | 440 | 319 | 332 | |
| Operating margin | 58.0% | 39.2% | 44.0% | |
| Return on assets | 37.2% | 27.5% | 30.4% | |
| Equity ratio | 38.4% | 42.6% | 44.6% | |
| Current ratio | 0.52 | 0.54 | 0.76 | |
| Revenue growth | – | 4.7% | 11.8% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 347.6 MNOK | 364.0 MNOK | 407.0 MNOK |
| Operating profit | 201.7 MNOK | 142.8 MNOK | 178.9 MNOK |
| Profit before tax | 202.9 MNOK | 145.0 MNOK | 182.1 MNOK |
| Net profit | 76.2 MNOK | 57.7 MNOK | 92.9 MNOK |
| Financial expenses | 8.0 MNOK | 10.7 MNOK | 9.3 MNOK |
| Total assets | 566.6 MNOK | 566.6 MNOK | 629.5 MNOK |
| Current assets | 98.9 MNOK | 89.5 MNOK | 143.2 MNOK |
| Equity | 217.5 MNOK | 241.5 MNOK | 280.8 MNOK |
| Retained earnings | 74.3 MNOK | 84.6 MNOK | 124.0 MNOK |
| Total liabilities | 349.0 MNOK | 325.2 MNOK | 348.6 MNOK |
| Current liabilities | 192.0 MNOK | 164.9 MNOK | 188.1 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 28 October 2026, accounts id 5173251.
Further
Similar companies
- SISO ENERGI AS index 59, rank 429 · compare
- VEV ROMERIKE AS index 59, rank 433 · compare
- DALANE KRAFT AS index 58, rank 438 · compare
- HV CADRE HOLDING AS index 58, rank 447 · compare
- TENSIO AS index 58, rank 453 · compare