VINDEDAL KRAFTVERK AS
Score · fiscal year 2025
86of 100
How to read this: the company is ahead of 100 % of companies in the Morning class Micro in the same sector in 2025. What does this mean?
Rank in the Morning class Micro: 2 of 448 · What are Morning company classes?
Place in the whole sector: 4 of 877 · 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 84 and solidity 95 out of 100 among companies in the Morning class Micro in the same sector in 2025. Methodology
Against the sector
VINDEDAL KRAFTVERK AS is 36 points above the median for companies in the Morning class Micro in the same sector in 2025.
Median score 50 among 448 companies.
Against companies in the Morning class Micro in the same sector in 2025: operating margin 47.6% (median 16.9%) and equity ratio 92.3% (median 38.4%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 9 MNOK | 3 MNOK |
| Operating margin | 47.6% | 16.9% |
| Profit margin | 51.3% | 3.4% |
| Return on assets | 13.3% | 3.8% |
| Equity ratio | 92.3% | 38.4% |
| Debt-to-equity | 0.08 | 1.39 |
| Current ratio | 7.63 | 1.94 |
| Revenue growth | 31.5% | 1.8% |
The median and “ahead of” refer to companies in the Morning class Micro in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 86, VINDEDAL KRAFTVERK AS does better than 100% of companies in the Morning class Micro in the same sector (448 companies) in 2025.
Score 2023–2025
- VINDEDAL KRAFTVERK AS
- Median: companies in the Morning class Micro in the same sector
VINDEDAL KRAFTVERK AS has a score of 86 for 2025, rank 4 of 877 in the sector.
Strongest: Solidity: percentile 95 against peers, equity ratio 92.3% against a median of 38.4%. Liquidity: percentile 88 against peers, current ratio 7.63 against a median of 1.94.
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
VINDEDAL KRAFTVERK AS had an operating margin of 47.6% and an equity ratio of 92.3% in 2025, and ranks 4 of 877 in Kraft og energi.
From 2024 to 2025: the operating margin rose from 40.3% to 47.6% and revenue grew by 32%.
VINDEDAL KRAFTVERK AS did better than the sector in 2025, the sector's weakest year.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 32 MNOK and 37 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 36 MNOK |
| EV/EBIT | 8.0 | 37 MNOK |
| P/B | 1.0 | 32 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
- positive
Upper quartile on profitability, solidity and liquidity. What sets this company apart from the rest of the sector?
Based on: Operating margin 47.6% (median 16.9%); Equity ratio 92.3% (median 38.4%); Current ratio 7.63 (median 1.94).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 0.3% 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
No anomalies found in the figures.
Scenario analysis: the sector's weakest year
The operating margin was 47.6% in 2025 (sector median 15.8%), and the equity ratio 92.3%. In the other years the operating margin averaged 44.3%.
The sector's weakest year was 2025, with a median operating margin of 15.8%. 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 | 84 | weight 30% |
|---|---|---|
| Solidity | 95 | weight 25% |
| Liquidity | 88 | weight 15% |
| Growth | 81 | weight 15% |
| Consistency | 77 | weight 15% |
Durability: 84 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is VINDEDAL KRAFTVERK AS?
The operating margin was 47.6% in 2025, against a median of 16.9% among companies in the Morning class Micro in the same sector. Return on assets was 13.3%.
How solid is VINDEDAL KRAFTVERK AS?
The equity ratio was 92.3% in 2025 (median 38.4%). Debt-to-equity was 0.08 (median 1.39).
What is the liquidity of VINDEDAL KRAFTVERK AS like?
The current ratio was 7.63 in 2025 (median 1.94).
How does VINDEDAL KRAFTVERK AS compare in Kraft og energi?
VINDEDAL KRAFTVERK AS ranks 4 of 877 in Kraft og energi for 2025. Among companies in the Morning class Micro it is number 2 of 448. Revenue changed by 31.5% from the year before.
From the Central Coordinating Register
- Org. no.
- 986932283
- Legal form
- AS
- Sector
- Kraft og energi (35.121)
- Morning company class
- Micro
- Employees
- 0–4 (not registered)
- Founded
- 1 June 2004 22 years in operation
- Share capital
- 0.10 MNOK
- Business address
- Vindedalsvegen 21, 6887 LÆRDAL
- Municipality
- Lærdal rank 1 of 33 in KOSTRA group 5
- 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
- Kjell Mikal Espeland
- Chair of the board
- Atle Vindedal
- Board member
- Kjell Mikal Espeland
- Board member
- Dagmar Espeland
- Auditor
- CEDRA 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 29 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 87 | 80 | 86 | |
| Rank | 17 | 8 | 4 | |
| Operating margin | 48.2% | 40.3% | 47.6% | |
| Return on assets | 10.8% | 8.8% | 13.3% | |
| Equity ratio | 92.1% | 93.2% | 92.3% | |
| Current ratio | 9.48 | 8.33 | 7.63 | |
| Revenue growth | – | −4.9% | 31.5% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 7.2 MNOK | 6.9 MNOK | 9.1 MNOK |
| Operating profit | 3.5 MNOK | 2.8 MNOK | 4.3 MNOK |
| Profit before tax | 3.8 MNOK | 3.1 MNOK | 4.6 MNOK |
| Net profit | 2.9 MNOK | 2.0 MNOK | 3.6 MNOK |
| Financial expenses | 0.1 MNOK | 0.0 MNOK | 0.0 MNOK |
| Total assets | 35.8 MNOK | 35.2 MNOK | 35.1 MNOK |
| Current assets | 20.0 MNOK | 20.1 MNOK | 20.5 MNOK |
| Equity | 32.9 MNOK | 32.8 MNOK | 32.4 MNOK |
| Retained earnings | 32.8 MNOK | 32.7 MNOK | 32.3 MNOK |
| Total liabilities | 2.8 MNOK | 2.4 MNOK | 2.7 MNOK |
| Current liabilities | 2.1 MNOK | 2.4 MNOK | 2.7 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 29 October 2026, accounts id 6920706.
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