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POWER FARMING AS
AS
Active
Org 980456382
Risevegen 238, 8404 Sortland
Repair and maintenance of machinery · NACE 3312
Est. 1998
7 employees
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Overview
Financials
People & ownership
Related companies
Revenue 2024
NOK 12,6M
+35% vs 2023
EBITDA margin
2.4%
-12% vs 2023
Equity ratio
14.0%
Financial strength
Net profit 2024
NOK 10K
-94% vs 2023
EBITDA — year on year
NOK millions
0M
-0M
-1M
-1M
-1M
0M
2020
0M
0%
2021
0M
0%
2022
0M
0%
2023
0M
0%
2024
Key figures
Annual report 2024
Revenue
NOK 12,6M
+35%
EBITDA
NOK 304K
-12%
Net profit
NOK 10K
-94%
Total assets
NOK 4,6M
+28%
Equity
NOK 639K
+2%
Employees
7
—
Company information
Legal name
POWER FARMING AS
Org number
980456382
Legal form
Aksjeselskap
NACE code
3312 · Repair and maintenance of machinery
Founded
21. desember 1998
Share capital
—
Employees
7 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Contact
Address
Risevegen 238, 8404 Sortland
Phone
+4776128500
Email
post@powerfarming.no
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Explore
Companies in Repair and maintenance of machinery
Companies in Sortland
All Norway companies
Revenue
NOK millions
0M
4M
7M
11M
15M
5M
2020
6M
2021
10M
2022
9M
2023
13M
2024
EBITDA
NOK millions
0M
0M
1M
1M
1M
0M
2020
0M
2021
0M
2022
0M
2023
0M
2024
Income statement
NOK thousands
Item
2020
2021
2022
2023
2024
Revenue
5 357
6 349
10 381
9 311
12 599
Staff expenses
−1 829
−1 542
−1 465
−1 763
−2 100
EBITDA
−335
374
5
347
304
Depreciation & amort.
−4
−4
−6
−59
−127
EBIT
−339
370
−1
288
177
Net financials
9
−1
−17
−81
−154
Profit before tax
−329
369
−18
207
23
Tax
−72
81
−4
46
14
Net profit
−257
288
−14
161
10
Balance sheet
NOK thousands
Item
2020
2021
2022
2023
2024
Total assets
1 465
1 350
2 330
3 557
4 558
Equity
152
439
451
629
639
Long-term debt
648
15
15
557
0
Short-term debt
665
895
1 863
2 371
3 919
Total debt
1 313
910
1 878
2 928
3 919
Financial ratios
5-year trend
EBITDA margin
2.4%
This company
15.8%
Market median
-85% vs market
2020
2024
Equity ratio
14.0%
This company
38.2%
Market median
-63% vs market
2020
2024
Return on equity
1.5%
This company
18.4%
Market median
-92% vs market
2020
2024
Net profit margin
0.1%
This company
8.1%
Market median
-99% vs market
2020
2024
Asset turnover
2.76×
This company
1.12×
Market median
+146% vs market
2020
2024
Debt / equity
6.14×
This company
0.62×
Market median
-890% vs market
2020
2024
Annual reports & filings
Annual report 2024
Filed via Brønnøysundsregistrene · Period 2024-01-01 – 2024-12-31
View
PDF
Annual report 2023
Filed via Brønnøysundsregistrene · Period 2023-01-01 – 2023-12-31
View
PDF
Annual report 2022
Filed via Brønnøysundsregistrene · Period 2022-01-01 – 2022-12-31
View
PDF
Annual report 2021
Filed via Brønnøysundsregistrene · Period 2021-01-01 – 2021-12-31
View
PDF
Annual report 2020
Filed via Brønnøysundsregistrene · Period 2020-01-01 – 2020-12-31
View
PDF
Management
Actively employed in the business
Name
Role
Member since
Current (1)
SG
Stian Grønbeck
Chief Executive Officer
Chief Executive Officer
2020
Board of directors
Non-executive oversight
Name
Role
Member since
Current (1)
JA
Jan Arne Olsen
Chairman
2021
Shareholders
As of last annual report
Shareholder
Type
Ownership
Votes
Since
Power Farming Holding As
Company
100%
100%
2024
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Company hierarchy
Stian Grønbeck As
Power Farming Holding As
POWER FARMING AS
(this company)
Board network connections
Board members of POWER FARMING AS also hold positions in
0
other companies.
Person
Role here
Other companies
Stian Grønbeck
Chief Executive Officer
0 companies
Jan Arne Olsen
Chairman
0 companies