VSTRØM AS
Score · fiscal year 2025
31of 100
How to read this: the company is ahead of 14 % of small companies in the same sector in 2025. What does this mean?
Rank: 757 of 870 · Kraft og energi
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 17 and solidity 26 out of 100 among small companies in the same sector in 2025. Methodology
Against the sector
VSTRØM AS is 20 points below the median for small companies in the same sector in 2025.
Median score 51 among 680 companies.
Against small companies in the same sector in 2025: operating margin −6.0% (median 15.1%) and equity ratio 19.7% (median 38.9%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 13 MNOK | 5 MNOK |
| Operating margin | −6.0% | 15.1% |
| Profit margin | −5.6% | 9.0% |
| Return on assets | −11.8% | 4.8% |
| Equity ratio | 19.7% | 38.9% |
| Debt-to-equity | 4.07 | 1.37 |
| Current ratio | 0.85 | 1.65 |
| Revenue growth | 14.9% | 3.6% |
The median and “ahead of” refer to small companies in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 31, VSTRØM AS does better than 14% of small companies in the same sector (680 companies) in 2025.
Score 2023–2025
- VSTRØM AS
- Median: small companies in the same sector
VSTRØM AS has a score of 31 for 2025, rank 757 of 870 in the sector.
Strongest: Growth: percentile 70 against peers, revenue growth 14.9% against a median of 3.6%.
Weakest: Profitability: percentile 17 against peers, operating margin −6.0% against a median of 15.1%. Liquidity: percentile 21 against peers, current ratio 0.85 against a median of 1.65.
Worth a closer look
- Consider strengthening liquidity: current liabilities are 1.2 times current assets. Based on: current ratio 0.85 (median 1.65).
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin −5.6% (median 9.0%).
- What lies behind weak profitability, and will it last?
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
VSTRØM AS had an operating margin of −6.0% and an equity ratio of 19.7% in 2025, and ranks 757 of 870 in Kraft og energi.
From 2024 to 2025: the equity ratio fell from 44.6% to 19.7% and revenue grew by 15%.
VSTRØM AS did weaker than the sector in 2025, the sector's weakest year.
This text is generated automatically from the 2025 accounts.
Three simple methods
One method gives a figure: 1 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 1 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 1.2 times current assets.
Based on: Current ratio 0.85 (median 1.65).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −5.6% (median 9.0%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 1.6% 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
The operating margin was −6.0% in 2025 (sector median 15.8%), and the equity ratio 19.7%. The company had a loss before tax that year. In the other years the operating margin averaged 6.2%.
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 | 17 | weight 30% |
|---|---|---|
| Solidity | 26 | weight 25% |
| Liquidity | 21 | weight 15% |
| Growth | 70 | weight 15% |
| Consistency | 40 | weight 15% |
Durability: 42 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is VSTRØM AS?
The operating margin was −6.0% in 2025, against a median of 15.1% among small companies in the same sector. Return on assets was −11.8%. The company made a loss before tax.
How solid is VSTRØM AS?
The equity ratio was 19.7% in 2025 (median 38.9%). Debt-to-equity was 4.07 (median 1.37).
What is the liquidity of VSTRØM AS like?
The current ratio was 0.85 in 2025 (median 1.65). Current assets did not cover current liabilities.
How does VSTRØM AS compare in Kraft og energi?
VSTRØM AS ranks 757 of 870 in Kraft og energi for 2025. Among companies of the same size (small companies) it ranks 585 of 680. Revenue changed by 14.9% from the year before.
From the Central Coordinating Register
- Org. no.
- 930992836
- Legal form
- AS
- Sector
- Kraft og energi (35.150)
- Size tier
- small
- Employees
- 0–4 (not registered)
- Founded
- 17 February 2023 3 years in operation
- Share capital
- 1.33 MNOK
- Business address
- Østre Aker vei 206F, 0975 OSLO
- Municipality
- Oslo rank 63–221 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
- Mohammad Moin Deljou Hossaini
- Chair of the board
- Ihtesham Ul Haq
- Board member
- Mohammad Moin Deljou Hossaini
- Auditor
- LEO REVISJON DA
- Accountant
- ACCOUNT GROUP 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 27 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 49 | 45 | 31 | |
| Rank | 441 | 543 | 757 | |
| Operating margin | 19.0% | −6.7% | −6.0% | |
| Return on assets | 18.7% | −17.0% | −11.8% | |
| Equity ratio | 15.6% | 44.6% | 19.7% | |
| Current ratio | 2.25 | 0.94 | 0.85 | |
| Revenue growth | – | 393.8% | 14.9% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 2.3 MNOK | 11.5 MNOK | 13.3 MNOK |
| Operating profit | 0.4 MNOK | −0.8 MNOK | −0.8 MNOK |
| Profit before tax | 0.4 MNOK | −0.7 MNOK | −0.7 MNOK |
| Net profit | 0.4 MNOK | −0.7 MNOK | −0.7 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK | 0.1 MNOK |
| Total assets | 2.4 MNOK | 4.2 MNOK | 5.7 MNOK |
| Current assets | 2.3 MNOK | 2.2 MNOK | 3.8 MNOK |
| Equity | 0.4 MNOK | 1.9 MNOK | 1.1 MNOK |
| Retained earnings | 0.3 MNOK | −0.4 MNOK | −0.2 MNOK |
| Total liabilities | 2.0 MNOK | 2.3 MNOK | 4.5 MNOK |
| Current liabilities | 1.0 MNOK | 2.3 MNOK | 4.5 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 27 October 2026, accounts id 7226652.
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