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Vassnes Power AS
AS
Active
Org 998879779
Haukelivegen 745, 5580
Ølen
Electrical installation
·
NACE 4321
Est. 2012 · 13 years old
212 employees
www.vassnes.com
Monitor
Share
Norway
/
Companies
/
Electrical installation
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Vassnes Power AS
Overview
Financials
People & ownership
Related companies
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Financials
Revenue
NOK millions
486M
364M
243M
121M
0M
2021: 84M
84M
2021
2022: 53M (-37% vs 2021)
53M
-37%
2022
2023: 73M (+38% vs 2022)
73M
+38%
2023
2024: 205M (+181% vs 2023)
205M
+181%
2024
2025: 390M (+90% vs 2024)
390M
+90%
2025
EBITDA
NOK millions
23M
14M
5M
-5M
-14M
2021: 1M
1M
2021
2022: -7M (-800% vs 2021)
-7M
-800%
2022
2023: 2M (+129% vs 2022)
2M
+129%
2023
2024: 0M (-100% vs 2023)
0M
-100%
2024
2025: 16M
16M
2025
Income statement
NOK thousands
Item
2025
2024
2023
2022
2021
Revenue
389 906
205 497
72 525
53 312
84 090
Staff expenses
−260 678
−122 685
−59 053
−49 091
−72 122
EBITDA
15 571
−317
2 381
−6 775
1 392
Depreciation & amort.
−1 027
−1 015
−1 783
−1 800
−2 103
EBIT
14 544
−1 332
598
−8 575
−711
Net financials
−2 062
−2 999
334
−723
−802
Profit before tax
12 482
−4 331
932
−9 299
−1 513
Tax
1 041
−0
−0
674
−0
Net profit
11 441
−4 331
932
−9 973
−1 513
Balance sheet
NOK thousands
Item
2025
2024
2023
2022
2021
Total assets
141 896
37 322
41 062
25 138
40 547
Equity
10 434
−28 485
−8 794
−9 726
246
Long-term debt
0
1 787
2 743
3 660
4 580
Short-term debt
125 462
64 020
47 113
31 205
35 721
Total debt
125 462
65 807
49 856
34 864
40 300
Financial ratios
5-year trend
EBITDA margin
4,0 %
This company
15,8 %
Market median
This company
Market median
75% below market
2021
2025
Equity ratio
7,4 %
This company
38,2 %
Market median
This company
Market median
81% below market
2021
2025
Return on equity
109,7 %
This company
18,4 %
Market median
This company
Market median
496% above market
2021
2025
Net profit margin
2,9 %
This company
8,1 %
Market median
This company
Market median
64% below market
2021
2025
Asset turnover
2,75×
This company
1,12×
Market median
This company
Market median
146% above market
2021
2025
Debt / equity
12,60×
This company
0,62×
Market median
This company
Market median
>999% above market
2021
2025
Annual reports & filings
Annual report 2025
Filed via Brønnøysundsregistrene · Period 2025-01-01 – 2025-12-31
View
PDF
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
More on Vassnes Power AS
Overview →
Headline figures, risk assessment and company summary
People & ownership →
Management, board and shareholder breakdown
Related companies →
Corporate hierarchy, parent and subsidiary network
