AXFLOW AS
Score · fiscal year 2025
78of 100
How to read this: the company is ahead of 96 % of medium-sized companies in the same sector in 2025. What does this mean?
Rank: 1,784 of 38,670 · Handel
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 74 and solidity 84 out of 100 among medium-sized companies in the same sector in 2025. Methodology
Against the sector
AXFLOW AS is 29 points above 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 6.8% (median 3.2%) and equity ratio 63.8% (median 32.6%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 424 MNOK | 173 MNOK |
| Operating margin | 6.8% | 3.2% |
| Profit margin | 12.5% | 3.2% |
| Return on assets | 17.8% | 11.6% |
| Equity ratio | 63.8% | 32.6% |
| Debt-to-equity | 0.57 | 2.03 |
| Current ratio | 1.81 | 1.38 |
| Revenue growth | 23.4% | 6.8% |
| Revenue per employee | 7.72 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 78, AXFLOW AS does better than 96% of medium-sized companies in the same sector (2,203 companies) in 2025.
Score 2023–2025
- AXFLOW AS
- Median: medium-sized companies in the same sector
AXFLOW AS has a score of 78 for 2025, rank 1,784 of 38,670 in the sector.
Strongest: Solidity: percentile 84 against peers, equity ratio 63.8% against a median of 32.6%. Consistency: percentile 81 against peers.
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
AXFLOW AS had an operating margin of 6.8% and an equity ratio of 63.8% in 2025, and ranks 1,784 of 38,670 in Handel.
From 2024 to 2025: the equity ratio rose from 48.2% to 63.8% and revenue grew by 23%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 199 MNOK and 468 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 468 MNOK |
| EV/EBIT | 8.0 | 221 MNOK |
| P/B | 1.0 | 199 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
No rules were triggered for this year.
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 2.1% 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 | 74 | weight 30% |
|---|---|---|
| Solidity | 84 | weight 25% |
| Liquidity | 70 | weight 15% |
| Growth | 81 | weight 15% |
| Consistency | 81 | weight 15% |
Durability: 69 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is AXFLOW AS?
The operating margin was 6.8% in 2025, against a median of 3.2% among medium-sized companies in the same sector. Return on assets was 17.8%.
How solid is AXFLOW AS?
The equity ratio was 63.8% in 2025 (median 32.6%). Debt-to-equity was 0.57 (median 2.03).
What is the liquidity of AXFLOW AS like?
The current ratio was 1.81 in 2025 (median 1.38).
How does AXFLOW AS compare in Handel?
AXFLOW AS ranks 1,784 of 38,670 in Handel for 2025. Among companies of the same size (medium-sized companies) it ranks 87 of 2,203. Revenue changed by 23.4% 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.
Public contracts
- Contracts awarded since 2024
- 8
- in 7 notices (lots counted separately)
- Total awarded value since 2024
- 66.8 MNOK
- 3 contracts without a stated value are not in the total.
- Framework agreements
- 1
- Left out of the total: the value is a ceiling, not actual spend.
| Date | Buyer | Notice | Value |
|---|---|---|---|
| 27 July 2026 | Movar Iks | Maskinentreprise OM2 - Brevik og Møllebakken pumpestasjoner | 10.8 MNOK |
| 9 June 2026 | Ålesund kommune | E64 Maskin og prosess 3 – Overføringsanlegget (Konghaugen reinseanlegg) - Kvalifikasjonsfase | 12.8 MNOK |
| 16 September 2025 | Forsvarsbygg | R01846 - Service og reparasjon av pumper i Region Øst | 33.1 MNOK (2 lots) |
| 1 July 2025 | Ålesund kommune v/Vann og avløp | E63 Maskin og prosess 2 - Overføringsanlegget (Kvalifiseringsfasen) | 10.2 MNOK |
| 10 April 2025 | Ålesund kommune v/Vatn og Avløp | E62 Maskin og prosess 1 - overføringsanlegget (Kongshaugen) | value not stated |
| 28 January 2025 | Bærum kommune | Vannmålere | value not stated |
| 29 February 2024 | Aurskog-Høland kommune | Lierjordet Pumpestasjon | value not stated |
| 7 August 2023 | Oslo kommune v/ Renovasjons- og gjenvinningsetaten | Rammeavtale for leveranse, service og vedlikehold av ventiler | 16.0 MNOK (framework) |
| 16 June 2022 | Viken Vest Innkjøpssamarbeid (VVI) | (2022-2103) Vannmålere, rammeavtale | 0.0 MNOK |
| 8 December 2020 | Drammen kommune | VA - Mekanisk montering, rammeavtale | 0.0 MNOK |
Based on notices in Doffin. Does not show call-offs under framework agreements or purchases below the publication threshold. Values are as stated by the buyer.
Source: Doffin (DFØ), fetched 28 October 2026. Winners are matched on organisation number.
Contains data under the Norwegian licence for public data (NLOD 2.0) made available by Doffin/the Norwegian Agency for Public and Financial Management (DFØ). NLOD 2.0
From the Central Coordinating Register
- Org. no.
- 918210997
- Legal form
- AS · part of a group
- Sector
- Handel (46.640)
- Size tier
- medium
- Employees
- 55 registered 10 October 2026
- Founded
- 1 May 1967 59 years in operation
- Share capital
- 4.00 MNOK
- Business address
- Lilleakerveien 10, 0283 OSLO
- Municipality
- Oslo rank 63–221 of 357 in Norway
- Latest accounts filed
- 2025
- Website
- www.axflow.no/
- LEI
- 549300X11QUEQXMP1M68 not renewed (lapsed)
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
- Gunnar Ødegård
- Chair of the board
- Leif Ole Weiner
- Board member
- Gunnar Ødegård
- Board member
- Olga Krejci Halkovova
- Board member
- Johanna Birgitta Gydingsgård
- Auditor
- PRICEWATERHOUSECOOPERS AS
- Accountant
- VIEW GROUP AS
Source: Central Coordinating Register, fetched 29 October 2026. Only names are shown.
- Parent company
- Parent does not consolidate the company
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 30 October 2026. The parent is the one the company itself reported to GLEIF.
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 26 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 70 | 60 | 78 | |
| Rank | 6,345 | 11,283 | 1,784 | |
| Operating margin | 7.1% | 6.1% | 6.8% | |
| Return on assets | 11.3% | 6.8% | 17.8% | |
| Equity ratio | 46.5% | 48.2% | 63.8% | |
| Current ratio | 1.84 | 3.34 | 1.81 | |
| Revenue growth | – | −6.1% | 23.4% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 366.0 MNOK | 343.8 MNOK | 424.3 MNOK |
| Operating profit | 26.0 MNOK | 20.8 MNOK | 28.8 MNOK |
| Profit before tax | 28.2 MNOK | 0.6 MNOK | 53.1 MNOK |
| Net profit | 23.5 MNOK | −2.8 MNOK | 46.8 MNOK |
| Financial expenses | 11.4 MNOK | 21.9 MNOK | 2.4 MNOK |
| Total assets | 350.4 MNOK | 332.7 MNOK | 311.9 MNOK |
| Current assets | 128.1 MNOK | 189.3 MNOK | 182.6 MNOK |
| Equity | 163.1 MNOK | 160.3 MNOK | 199.1 MNOK |
| Retained earnings | 158.8 MNOK | 155.9 MNOK | 194.7 MNOK |
| Total liabilities | 187.4 MNOK | 172.5 MNOK | 112.8 MNOK |
| Current liabilities | 69.7 MNOK | 56.7 MNOK | 100.9 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 6523953.
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