ELVENETT AS
Score · fiscal year 2023
42of 100
How to read this: the company is ahead of 34 % of small companies in the same sector in 2023. What does this mean?
Rank: 552 of 825 · Kraft og energi
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2023, not a verdict on the company. Based on profitability 40 and solidity 55 out of 100 among small companies in the same sector in 2023. Methodology
Against the sector
ELVENETT AS is 8 points below the median for small companies in the same sector in 2023.
Median score 50 among 636 companies.
Against small companies in the same sector in 2023: operating margin 10.9% (median 23.5%) and equity ratio 43.5% (median 37.2%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 82 MNOK | 6 MNOK |
| Operating margin | 10.9% | 23.5% |
| Profit margin | 9.2% | 22.0% |
| Return on assets | 5.4% | 6.6% |
| Equity ratio | 43.5% | 37.2% |
| Debt-to-equity | 1.30 | 1.48 |
| Current ratio | 0.34 | 1.62 |
| Revenue growth | – | – |
| Revenue per employee | 4.34 MNOK | 2.39 MNOK |
The median and “ahead of” refer to small companies in the same sector in 2023. The bar shows the share of companies the figure is ahead of.
With an index of 42, ELVENETT AS does better than 34% of small companies in the same sector (636 companies) in 2023.
Score 2023–2025
- ELVENETT AS
- Median: small companies in the same sector
What the numbers say
ELVENETT AS had an operating margin of 10.9% and an equity ratio of 43.5% in 2023, and ranks 552 of 825 in Kraft og energi.
ELVENETT 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 31 MNOK and 96 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 59 MNOK |
| EV/EBIT | 8.0 | 31 MNOK |
| P/B | 1.0 | 96 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
- critical
Consider strengthening liquidity: current liabilities are 3.0 times current assets.
Based on: Current ratio 0.34 (median 1.62).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 3.5% 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 17.3% in 2025 (sector median 16.0%), and the equity ratio 30.1%. In the other years the operating margin averaged 11.1%.
The sector's weakest year was 2025, with a median operating margin of 16.0%. 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 | 40 | weight 30% |
|---|---|---|
| Solidity | 55 | weight 25% |
| Liquidity | 11 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 54 | weight 15% |
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is ELVENETT AS?
The operating margin was 10.9% in 2023, against a median of 23.5% among small companies in the same sector. Return on assets was 5.4%.
How solid is ELVENETT AS?
The equity ratio was 43.5% in 2023 (median 37.2%). Debt-to-equity was 1.30 (median 1.48).
What is the liquidity of ELVENETT AS like?
The current ratio was 0.34 in 2023 (median 1.62). Current assets did not cover current liabilities.
How does ELVENETT AS compare in Kraft og energi?
ELVENETT AS ranks 552 of 825 in Kraft og energi for 2023. Among companies of the same size (small companies) it ranks 420 of 636.
From the Central Coordinating Register
- Org. no.
- 979497482
- Legal form
- AS
- Sector
- Kraft og energi (35.140)
- Size tier
- small
- Employees
- 19 registered 10 July 2026
- Founded
- 16 December 1997 28 years in operation
- Share capital
- 50.00 MNOK
- Business address
- Skotselvveien 29, 3302 HOKKSUND (ØVRE EIKER)
- Municipality
- Øvre Eiker rank 14–30 of 38 in KOSTRA group 7
- Latest accounts filed
- 2025
- Website
- www.elvenett.no
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
- Jonas Nils Hertel
- Chair of the board
- Kristin Ourom
- Board member
- Rune Larsen
- Board member
- Eirik Folkvord Tandberg
- Board member
- Pål Fyksen Strøm
- Board member
- Ingrid Amundsen Welde
- Board member
- Geir Wamstad
- Deputy member
- Kjell Gislerud
- Auditor
- ERNST & YOUNG 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 28 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 42 | 42 | 38 | |
| Rank | 552 | 575 | 642 | |
| Operating margin | 10.9% | 11.4% | 17.3% | |
| Return on assets | 5.4% | 5.3% | 5.7% | |
| Equity ratio | 43.5% | 29.4% | 30.1% | |
| Current ratio | 0.34 | 0.21 | 0.22 | |
| Revenue growth | – | 13.1% | 14.5% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 82.4 MNOK | 93.2 MNOK | 106.7 MNOK |
| Operating profit | 9.0 MNOK | 10.6 MNOK | 18.5 MNOK |
| Profit before tax | 7.6 MNOK | 7.1 MNOK | 13.2 MNOK |
| Net profit | 5.9 MNOK | 5.5 MNOK | 10.3 MNOK |
| Financial expenses | 4.4 MNOK | 4.9 MNOK | – |
| Total assets | 221.3 MNOK | 226.6 MNOK | 232.0 MNOK |
| Current assets | 28.4 MNOK | 25.2 MNOK | 27.7 MNOK |
| Equity | 96.2 MNOK | 66.5 MNOK | 69.9 MNOK |
| Retained earnings | 31.2 MNOK | 1.5 MNOK | 4.8 MNOK |
| Total liabilities | 125.1 MNOK | 160.0 MNOK | 162.1 MNOK |
| Current liabilities | 84.0 MNOK | 121.3 MNOK | 125.7 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 28 October 2026, accounts id 4958643.
Further
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