Liquidity
Weak0.17
How the figure is assessed
Current assets divided by current liabilities. Below 1.0 is weak, 1.0–1.5 needs attention and 1.5 or more is strong.
MIF III NO. 12 AS
Org. no. 928 339 297 · Private limited company (AS) · Active · Notenesgata 14, 6002, ÅLESUND · ÅLESUND · 42.221 – Construction of offshore utility projects for electricity and telecommunications
ActiveVAT registeredRegister of Business Enterprises
- Organisation form
- AS
- Employees
- Not registered
- Established
- 1 November 2021
- Municipality
- ÅLESUND
- Industry code
- 42.221
MIF III NO. 12 AS is a private limited company (as) registered in ÅLESUND since 2021. The organisation number is 928 339 297. The latest submitted annual accounts are for 2025.
Source: The Brønnøysund Register Centre · Last updated 7 November 2026 at 03:36
Overview
Quick overview
Status and key figures
Based on the latest submitted annual accounts (2025) and registry data.
Profitability
Strong10.4 %
How the figure is assessed
Operating profit divided by operating revenue. Below 0% is weak, 0–10% needs attention and 10% or more is strong.
Solidity
Weak-2.6 %
How the figure is assessed
Equity divided by assets. Below 10% is weak, 10–30% needs attention and 30% or more is strong.
- Operating revenue
- 7.9 m EUR
- +1,171.3 % vs. the year before
- Net result
- -2.4 m EUR
- Fiscal year 2025
- Equity
- -1.7 m EUR
- Fiscal year 2025
- Status
- Active
- Central Coordinating Register
- Employees
- –
- Registered in the Central Coordinating Register
- Founded
- 1 November 2021
- Place
- ÅLESUND
- Industry
- Construction of offshore utility projects for electricity and telecommunications
- 42.221
- Public contracts
- –
- Roles
- 4
- People and entities
The gauges are calculated key figures with open thresholds, not a credit assessment. All amounts come from the Register of Company Accounts.
Calculated by us
Proffi Risk Indicator
56
av 100
Elevated risk
⚠ Negative equity
Based on status, solvency, liquidity, profitability, trend and how recent the accounts are. Public register data only.
This is an indicative assessment, not a credit rating. It does not replace your own due diligence before entering into an agreement.
Proffi+
Proffi estimated value
Calculating …
Indicative model estimate based on public accounting figures and typical industry multiples. Not an appraisal, a valuation or investment advice.
Development
Revenue and profit
RevenueResult
Development
Solvency and profitability (%)
SolidityProfitability
Registry data
Company information
- Organisation number
- 928 339 297
- Organisation form
- Private limited company (AS)
- Registered in the Central Coordinating Register
- 15 December 2021
- Date of incorporation
- 1 November 2021
- Number of employees
- No registered employees
- Language form
- Norwegian Bokmål
- Latest submitted annual accounts
- 2025
- Deleted
- Not provided
- Website
- Not stated
- Bankruptcy date
- Not provided
Addresses
Visiting and postal address
Business address
Notenesgata 146002 ÅLESUNDÅLESUND municipalityNorgePostal address
Not registered
Industry
Industry and sector
- 42.221
Construction of offshore utility projects for electricity and telecommunications(main industry)
F Construction › 42 Civil engineering › 42.2 Construction of utility projects › 42.22 Construction of utility projects for electricity and telecommunications
See the industry: largest companies and key figures →What does this industry cover?
Omfatter: Bygging av anlegg for elektrisitet, telekommunikasjon og kraftanlegg, når byggingen foregår til sjøs. Byggingen kan foregå ved bruk av båter, flytende plattformer mv. f.eks.; vindkraftanlegg, legging av undervannskabler. Ekskluderer: Sjøfart og kysttrafikk av gods grupperes under 50.20 Sjøfart og kysttrafikk med gods.
Institutional sector code: Private aksjeselskaper mv. (2100)
Statutory purpose
Direkte eller indirekte, eie og drive virksomhet innenfor shipping og andre aktiviteter i den forbindelse, herunder eierskap og drift av skip, samt deltakelse og eierskap i andre selskaper.
Registry status
Registrations and status
- Registered in the Register of Business Enterprises
- Registered in the VAT register
- Registered in the Register of Non-Profit Organisations
- Registered in the Register of Foundations
- Bankruptcy
- In liquidation
- In compulsory liquidation
Experiences
Reviews
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Accounts
Financial overview
Accounts and key figures
Fiscal year 2025 · Amounts in EUR
Data basis
3 stored years
Liquidity
Weak0.17
How the figure is assessed
Current assets divided by current liabilities. Below 1.0 is weak, 1.0–1.5 needs attention and 1.5 or more is strong.
Profitability
Strong10.4 %
How the figure is assessed
Operating profit divided by operating revenue. Below 0% is weak, 0–10% needs attention and 10% or more is strong.
Solidity
Weak-2.6 %
How the figure is assessed
Equity divided by assets. Below 10% is weak, 10–30% needs attention and 30% or more is strong.
Key numbers and development
Only reported amounts from the Register of Company Accounts
| Accounting item | 2025 | 2024 | 2023 | Development |
|---|---|---|---|---|
| Operating revenue | 7,945,322 | 625,000 | 750,000 | |
| Operating profit | 830,100 | 416,372 | 495,634 | |
| Profit before tax | -2,361,468 | -97,612 | 526,119 | |
| Net result | -2,367,054 | -97,612 | 195,476 | |
| Total assets | 65,382,653 | 38,302,727 | 9,681,691 | |
| Equity | -1,687,588 | 673,880 | 771,492 | |
| Liabilities | 67,070,241 | 37,628,847 | 8,910,199 |
The gauges are calculated key figures with open thresholds. They are not a credit assessment.
Graphical analysis
3 fiscal years (2023–2025)
- Operating revenue 2025
- 7,945,322 EUR
- Net result 2025
- -2,367,054 EUR
- Revenue growth
- 1,171.3 %
Revenue and profit
Amounts in EUR
Operating margin
Calculated by us, in percent
Equity and liabilities
Balance sheet in EUR
Register of Company Accounts
Annual accounts 2025
Period 2025-01-01 to 2025-12-31. Currency EUR. Audited annual accounts.
Income statement
| Total operating revenue | 7,945,322 EUR |
|---|---|
| Total operating expenses | 7,115,222 EUR |
| Operating profit | 830,100 EUR |
| Total financial income | 16,213 EUR |
| Total financial expenses | 3,207,781 EUR |
| Net financial items | -3,191,568 EUR |
| Profit before tax | -2,361,468 EUR |
| Net result | -2,367,054 EUR |
Assets
| Total fixed assets | 60,395,971 EUR |
|---|---|
| Total current assets | 4,986,683 EUR |
| Total assets | 65,382,653 EUR |
Equity and liabilities
| Paid-in equity | 3,072 EUR |
|---|---|
| Retained earnings | -1,690,660 EUR |
| Total equity | -1,687,588 EUR |
| Current liabilities | 29,263,180 EUR |
| Long-term liabilities | 37,807,061 EUR |
| Total debt | 67,070,241 EUR |
| Total equity and liabilities | 65,382,653 EUR |
Register of Company Accounts
Annual accounts 2024
Period 2024-01-01 to 2024-12-31. Currency EUR. Audited annual accounts.
Income statement
| Total operating revenue | 625,000 EUR |
|---|---|
| Total operating expenses | 208,628 EUR |
| Operating profit | 416,372 EUR |
| Total financial income | 476,723 EUR |
| Total financial expenses | 990,706 EUR |
| Net financial items | -513,984 EUR |
| Profit before tax | -97,612 EUR |
| Net result | -97,612 EUR |
Assets
| Total fixed assets | 36,694,488 EUR |
|---|---|
| Total current assets | 1,608,239 EUR |
| Total assets | 38,302,727 EUR |
Equity and liabilities
| Paid-in equity | 3,072 EUR |
|---|---|
| Retained earnings | 670,808 EUR |
| Total equity | 673,880 EUR |
| Current liabilities | 23,801,247 EUR |
| Long-term liabilities | 13,827,600 EUR |
| Total debt | 37,628,847 EUR |
| Total equity and liabilities | 38,302,727 EUR |
Register of Company Accounts
Annual accounts 2023
Period 2023-01-01 to 2023-12-31. Currency EUR. Audited annual accounts.
Income statement
| Total operating revenue | 750,000 EUR |
|---|---|
| Total operating expenses | 254,366 EUR |
| Operating profit | 495,634 EUR |
| Total financial income | 253,932 EUR |
| Total financial expenses | 223,446 EUR |
| Net financial items | 30,485 EUR |
| Profit before tax | 526,119 EUR |
| Net result | 195,476 EUR |
Assets
| Total fixed assets | 9,654,217 EUR |
|---|---|
| Total current assets | 27,474 EUR |
| Total assets | 9,681,691 EUR |
Equity and liabilities
| Paid-in equity | 3,072 EUR |
|---|---|
| Retained earnings | 768,419 EUR |
| Total equity | 771,492 EUR |
| Current liabilities | 8,910,199 EUR |
| Long-term liabilities | 0 EUR |
| Total debt | 8,910,199 EUR |
| Total equity and liabilities | 9,681,691 EUR |
Source: Register of Company Accounts, Brønnøysund Register Centre. Figures are shown as submitted, and historical years are never overwritten by newer submissions.
Key figures
Calculated by us
Key figures
| Key figures | 2025 | 2024 | 2023 |
|---|---|---|---|
| Revenue growthChange in total operating revenue from the previous fiscal year. | 1,171.3 % | -16.7 % | – |
| Operating marginOperating profit divided by total operating revenue. | 10.4 % | 66.6 % | 66.1 % |
| Profit marginOrdinary profit before tax divided by total operating revenue. | -29.7 % | -15.6 % | 70.1 % |
| Equity ratioTotal equity divided by total assets. | -2.6 % | 1.8 % | 8 % |
| Current ratioTotal current assets divided by total current liabilities. | 0.17 | 0.07 | 0 |
| Debt ratioTotal liabilities divided by total equity. | -39.74 | 55.84 | 11.55 |
| Return on assetsOrdinary profit before tax plus financial expenses, divided by total assets. | 1.3 % | 2.3 % | 7.7 % |
| Return on equityNet profit divided by total equity. | 140.3 % | -14.5 % | 25.3 % |
About the calculation
The key figures are calculated by us (formula version v1) from public accounts in the Register of Company Accounts. A figure is only calculated when all input values exist and the denominator is not zero. The figures are not a credit assessment.
- 2025, Debt ratio: Negativ egenkapital gjør forholdstallet vanskelig å tolke.
Roles and owners
Registry data
Roles
Board
- Chair of the boardStig Duus Enslev
- Board memberMads Svensson
- Board memberChristina Andersen
Auditor
- AuditorERNST & YOUNG AS
Source: The Brønnøysund Register Centre. We only show name and role as published by the register – never date of birth or private address.
Organisation
Structure
Organisation structure
- Entity type
- Main entity
- Parent entity
- Not stated
- Number of sub-units
- 1
Overview
Structure map
MIF III NO. 12 AS
MIF III NO. 12 AS
ÅLESUND
Registry data
Sub-units
| Name | Org. no. | Place | Employees |
|---|---|---|---|
| MIF III NO. 12 ASConstruction of offshore utility projects for electricity and telecommunications | 928 630 021 | ÅLESUND | – |
Changes
Registry data
Change history
Retrieved from the Brønnøysund Register Centre's official change log. Each line shows what changed, the previous value, the new value and when the change happened.
6 November 2026 at 12:35
Navn
Before: EDDA WIND VII AS
After: MIF III NO. 12 AS
6 November 2026 at 12:35
Forretningsadresse
Before: Strandveien 20
After: Notenesgata 14
6 November 2026 at 12:35
Postnummer
Before: 1366
After: 6002
6 November 2026 at 12:35
Poststed
Before: LYSAKER
After: ÅLESUND
6 November 2026 at 12:35
Kommune
Before: BÆRUM
After: ÅLESUND
More about the company
This has not been registered yet. We never show made-up information.
Services and products
The company has not added any services yet.
Public approvals
Not in the Norwegian Building Authority's central approval register.
Public contracts
No notices found in TED where the company is a supplier or contracting authority.
Documents
Certificates of registration and other documents require a separate agreement with a document provider.
Transparency
Sources and data quality
Company information
Brønnøysund Register Centre · Public register
Last retrieved 7 November 2026 at 03:36
Open official sourceRoles
Brønnøysund Register Centre · Public register
Last retrieved 7 November 2026 at 03:36
Open official sourceAccounts and key figures
Register of Company Accounts · Public register
Last retrieved 7 November 2026 at 03:36
Open official sourceAddress (verified)
Norwegian Mapping Authority – Geonorge address API · Public register
Last retrieved 7 November 2026 at 03:36
Open official sourceCentral approval
Norwegian Building Authority (DiBK) · No approval found
Last retrieved 7 November 2026 at 03:36
Open official sourceIndustry standard (SN2007)
Statistics Norway – KLASS · Official standard
Last retrieved 7 November 2026 at 03:36
Open official source
Public registry data is updated periodically and cannot be changed by the company. Calculated figures are marked “Calculated by us”.
Report an errorSource
Public registry fields on this page come from the Central Coordinating Register and cannot be changed by the company. Self-reported content is marked separately.
Read about the data sources