FORTE VANNKRAFT AS
Score · fiscal year 2025
76of 100
How to read this: the company is ahead of 95 % of medium-sized companies in the same sector in 2025. What does this mean?
Rank: 44 of 1,107 · 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 86 and solidity 62 out of 100 among medium-sized companies in the same sector in 2025. Methodology
Against the sector
FORTE VANNKRAFT AS is 27 points above the median for medium-sized companies in the same sector in 2025.
Median score 49 among 152 companies.
Against medium-sized companies in the same sector in 2025: operating margin 48.2% (median 17.1%) and equity ratio 54.5% (median 41.1%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 124 MNOK | 198 MNOK |
| Operating margin | 48.2% | 17.1% |
| Profit margin | 85.8% | 13.9% |
| Return on assets | 10.7% | 5.3% |
| Equity ratio | 54.5% | 41.1% |
| Debt-to-equity | 0.84 | 1.33 |
| Current ratio | 4.88 | 1.25 |
| Revenue growth | 687.4% | 6.2% |
| Revenue per employee | 24.77 MNOK | 5.22 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 76, FORTE VANNKRAFT AS does better than 95% of medium-sized companies in the same sector (152 companies) in 2025.
Score 2023–2025
- FORTE VANNKRAFT AS
- Median: medium-sized companies in the same sector
FORTE VANNKRAFT AS has a score of 76 for 2025, rank 44 of 1,107 in the sector.
Strongest: Growth: percentile 99 against peers, revenue growth 687.4% against a median of 6.2%. Liquidity: percentile 89 against peers, current ratio 4.88 against a median of 1.25.
No area is clearly below its peers.
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
FORTE VANNKRAFT AS had an operating margin of 48.2% and an equity ratio of 54.5% in 2025, and ranks 44 of 1,107 in Kraft og energi.
From 2024 to 2025: the operating margin rose from −267.0% to 48.2% and revenue grew by 687%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 75 MEUR and 88 MEUR.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 88 MEUR |
| EV/EBIT | 8.0 | debt above value |
| P/B | 1.0 | 75 MEUR |
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 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 0.3%. 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 | 86 | weight 30% |
|---|---|---|
| Solidity | 62 | weight 25% |
| Liquidity | 89 | weight 15% |
| Growth | 99 | weight 15% |
| Consistency | 43 | weight 15% |
Durability: 57 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is FORTE VANNKRAFT AS?
The operating margin was 48.2% in 2025, against a median of 17.1% among medium-sized companies in the same sector. Return on assets was 10.7%.
How solid is FORTE VANNKRAFT AS?
The equity ratio was 54.5% in 2025 (median 41.1%). Debt-to-equity was 0.84 (median 1.33).
What is the liquidity of FORTE VANNKRAFT AS like?
The current ratio was 4.88 in 2025 (median 1.25).
How does FORTE VANNKRAFT AS compare in Kraft og energi?
FORTE VANNKRAFT AS ranks 44 of 1,107 in Kraft og energi for 2025. Among companies of the same size (medium-sized companies) it ranks 9 of 152. Revenue changed by 687.4% from the year before.
Group accounts · 2025
77 of 100
Rank 44 of 899 groups with group accounts. Groups are ranked only against each other, not against single companies.
The group accounts are in EUR. We show ratios, not amounts.
| Key figure | The group | The company alone (2025) |
|---|---|---|
| Operating margin | 46.9% | 48.2% |
| Return on assets | 10.0% | 10.7% |
| Equity ratio | 52.6% | 54.5% |
| Current ratio | 5.00 | 4.88 |
| Revenue growth | 234.4% | 687.4% |
Group index in earlier years: 2023: 48 (568 of 1079), 2024: 34 (722 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).
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.
- 975964825
- Legal form
- AS · part of a group
- Sector
- Kraft og energi (35.121)
- Size tier
- medium
- Employees
- 5 registered 10 September 2026
- Founded
- 13 December 1995 30 years in operation
- Share capital
- 152.04 MNOK
- Business address
- Rådhusgata 17, 0158 OSLO
- Municipality
- Oslo rank 106–282 of 357 in Norway
- 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
- Rein Husebø
- Chair of the board
- Stig Jone Østebrøt
- Board member
- Stefan Mächler
- Auditor
- DELOITTE AS
- Accountant
- ENORA 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 | 53 | 41 | 76 | |
| Rank | 388 | 667 | 44 | |
| Operating margin | −144.5% | −267.0% | 48.2% | |
| Return on assets | 3.7% | 3.0% | 10.7% | |
| Equity ratio | 45.9% | 29.6% | 54.5% | |
| Current ratio | 2.51 | 1.17 | 4.88 | |
| Revenue growth | – | 2.4% | 687.4% |
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 | 1.3 MEUR | 1.3 MEUR | 10.6 MEUR |
| Operating profit | −1.9 MEUR | −3.6 MEUR | 5.1 MEUR |
| Profit before tax | −3.7 MEUR | −4.2 MEUR | 9.1 MEUR |
| Net profit | −4.2 MEUR | −4.1 MEUR | 8.8 MEUR |
| Financial expenses | 8.4 MEUR | 9.7 MEUR | 5.6 MEUR |
| Total assets | 127.3 MEUR | 183.6 MEUR | 137.6 MEUR |
| Current assets | 11.6 MEUR | 33.8 MEUR | 9.9 MEUR |
| Equity | 58.5 MEUR | 54.3 MEUR | 75.0 MEUR |
| Retained earnings | 52.5 MEUR | 48.4 MEUR | 24.2 MEUR |
| Total liabilities | 68.8 MEUR | 129.2 MEUR | 62.6 MEUR |
| Current liabilities | 4.6 MEUR | 28.8 MEUR | 2.0 MEUR |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 28 October 2026, accounts id 7092184.
Further
Similar companies
- ØSTERDALEN KRAFTPRODUKSJON AS index 77, rank 26 · compare
- TINFOS AS index 77, rank 27 · compare
- HOLDING 2 AS index 77, rank 28 · compare
- LEIKANGER KRAFT AS index 75, rank 49 · compare
- HVITSTEN II JV AS index 75, rank 52 · compare