Liquidity
Watch1.38
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.
SFE AS
Org. no. 984 882 106 · Private limited company (AS) · Active · c/o Sogn og Fjordane Energi AS, Sørstrandsvegen 227, 6823, SANDANE · GLOPPEN · 35.121 – Production of electricity from hydropower
ActiveVAT registeredRegister of Business Enterprises
- Organisation form
- AS
- Employees
- 114
- Established
- 16 September 2002
- Municipality
- GLOPPEN
- Industry code
- 35.121
SFE AS is a private limited company (as) registered in SANDANE since 2002. The organisation number is 984 882 106. The register lists 114 employees. The latest submitted annual accounts are for 2025.
Source: The Brønnøysund Register Centre · Last updated 15 November 2026 at 18:09
Overview
Quick overview
Status and key figures
Based on the latest submitted annual accounts (2025) and registry data.
Profitability
Strong18.7 %
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
Strong37.6 %
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
- 1.9 bn NOK
- -6.9 % vs. the year before
- Net result
- 190.5 m NOK
- Fiscal year 2025
- Equity
- 1.8 bn NOK
- Fiscal year 2025
- Status
- Active
- Central Coordinating Register
- Employees
- 114
- Registered in the Central Coordinating Register
- Founded
- 16 September 2002
- Place
- SANDANE
- Industry
- Production of electricity from hydropower
- 35.121
- Public contracts
- –
- Roles
- 11
- 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
85
av 100
Low risk
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
- 984 882 106
- Organisation form
- Private limited company (AS)
- Registered in the Central Coordinating Register
- 21 September 2002
- Date of incorporation
- 16 September 2002
- Number of employees
- 114
- Language form
- Norwegian Nynorsk
- Latest submitted annual accounts
- 2025
- Deleted
- Not provided
- Website
- www.sfe.no
- Bankruptcy date
- Not provided
Addresses
Visiting and postal address
Business address
c/o Sogn og Fjordane Energi AS, Sørstrandsvegen 2276823 SANDANEGLOPPEN municipalityNorgePostal address
Not registered
Industry
Industry and sector
- 35.121
Production of electricity from hydropower(main industry)
D Electricity, gas, steam and air conditioning supply › 35 Electricity, gas, steam and air conditioning supply › 35.1 Electric power generation, transmission and distribution › 35.12 Production of electricity from renewable sources
See the industry: largest companies and key figures →What does this industry cover?
Omfatter: Produksjon av elektrisitet fra vannkraft.
Institutional sector code: Kommunalt eide aksjeselskaper mv. (1520)
Statutory purpose
På forretningsmessig basis produksjon av elektrisk energi, tilhøyrande overføring og omsetning, samt anna verksemd knytt til desse områda. Selskapet kan bygge ut anlegg, samt drive, kjøpe og selje anlegg og selskap i samband med dette. Selskapet kan også engasjere seg i andre forretningsområde og selskap når dette er eigna til å styrke hovudformålet, eller fører til rasjonell utnytting av selskapet sine ressursar.
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 NOK
Data basis
3 stored years
Liquidity
Watch1.38
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
Strong18.7 %
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
Strong37.6 %
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 | 1,887,865,254 | 2,026,988,231 | 2,509,590,000 | |
| Operating profit | 353,011,549 | 288,668,914 | 470,411,000 | |
| Profit before tax | 372,784,470 | 324,672,420 | 505,254,000 | |
| Net result | 190,465,952 | 191,602,281 | 274,230,000 | |
| Total assets | 4,756,402,174 | 4,437,059,332 | 4,644,880,000 | |
| Equity | 1,789,950,413 | 1,715,405,191 | 1,579,064,000 | |
| Liabilities | 2,966,451,761 | 2,721,654,141 | 3,065,815,000 |
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
- 1,887,865,254 NOK
- Net result 2025
- 190,465,952 NOK
- Revenue growth
- -6.9 %
Revenue and profit
Amounts in NOK
Operating margin
Calculated by us, in percent
Equity and liabilities
Balance sheet in NOK
Register of Company Accounts
Annual accounts 2025
Period 2025-01-01 to 2025-12-31. Currency NOK. Audited annual accounts.
Income statement
| Total operating revenue | 1,887,865,254 NOK |
|---|---|
| Total operating expenses | 1,534,853,705 NOK |
| Operating profit | 353,011,549 NOK |
| Total financial income | 90,414,607 NOK |
| Total financial expenses | 70,641,686 NOK |
| Net financial items | 19,772,921 NOK |
| Profit before tax | 372,784,470 NOK |
| Net result | 190,465,952 NOK |
Assets
| Total fixed assets | 3,959,251,134 NOK |
|---|---|
| Total current assets | 797,151,040 NOK |
| Total assets | 4,756,402,174 NOK |
Equity and liabilities
| Paid-in equity | 1,149,766,177 NOK |
|---|---|
| Retained earnings | 640,184,236 NOK |
| Total equity | 1,789,950,413 NOK |
| Current liabilities | 577,408,358 NOK |
| Long-term liabilities | 2,389,043,402 NOK |
| Total debt | 2,966,451,761 NOK |
| Total equity and liabilities | 4,756,402,174 NOK |
Register of Company Accounts
Annual accounts 2024
Period 2024-01-01 to 2024-12-31. Currency NOK. Audited annual accounts.
Income statement
| Total operating revenue | 2,026,988,231 NOK |
|---|---|
| Total operating expenses | 1,738,319,317 NOK |
| Operating profit | 288,668,914 NOK |
| Total financial income | 101,417,947 NOK |
| Total financial expenses | 65,414,441 NOK |
| Net financial items | 36,003,506 NOK |
| Profit before tax | 324,672,420 NOK |
| Net result | 191,602,281 NOK |
Assets
| Total fixed assets | 3,661,310,502 NOK |
|---|---|
| Total current assets | 775,748,830 NOK |
| Total assets | 4,437,059,332 NOK |
Equity and liabilities
| Paid-in equity | 1,149,766,177 NOK |
|---|---|
| Retained earnings | 565,639,014 NOK |
| Total equity | 1,715,405,191 NOK |
| Current liabilities | 328,997,954 NOK |
| Long-term liabilities | 2,392,656,186 NOK |
| Total debt | 2,721,654,141 NOK |
| Total equity and liabilities | 4,437,059,332 NOK |
Register of Company Accounts
Annual accounts 2023
Period 2023-01-01 to 2023-12-31. Currency NOK. Audited annual accounts.
Income statement
| Total operating revenue | 2,509,590,000 NOK |
|---|---|
| Total operating expenses | 2,039,179,000 NOK |
| Operating profit | 470,411,000 NOK |
| Total financial income | 104,264,000 NOK |
| Total financial expenses | 69,421,000 NOK |
| Net financial items | 34,843,000 NOK |
| Profit before tax | 505,254,000 NOK |
| Net result | 274,230,000 NOK |
Assets
| Total fixed assets | 3,811,366,000 NOK |
|---|---|
| Total current assets | 833,513,000 NOK |
| Total assets | 4,644,880,000 NOK |
Equity and liabilities
| Paid-in equity | 1,149,766,000 NOK |
|---|---|
| Retained earnings | 429,298,000 NOK |
| Total equity | 1,579,064,000 NOK |
| Current liabilities | 695,863,000 NOK |
| Long-term liabilities | 2,369,953,000 NOK |
| Total debt | 3,065,815,000 NOK |
| Total equity and liabilities | 4,644,880,000 NOK |
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. | -6.9 % | -19.2 % | – |
| Operating marginOperating profit divided by total operating revenue. | 18.7 % | 14.2 % | 18.7 % |
| Profit marginOrdinary profit before tax divided by total operating revenue. | 19.7 % | 16 % | 20.1 % |
| Equity ratioTotal equity divided by total assets. | 37.6 % | 38.7 % | 34 % |
| Current ratioTotal current assets divided by total current liabilities. | 1.38 | 2.36 | 1.2 |
| Debt ratioTotal liabilities divided by total equity. | 1.66 | 1.59 | 1.94 |
| Return on assetsOrdinary profit before tax plus financial expenses, divided by total assets. | 9.3 % | 8.8 % | 12.4 % |
| Return on equityNet profit divided by total equity. | 10.6 % | 11.2 % | 17.4 % |
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.
Roles and owners
Registry data
Roles
Chief executive officer
- Chief executive officerKnut Arild Flatjord
Board
- Chair of the boardKnut Arild Flatjord
- Board memberEivind Risøy
- Board memberMonica Heggheim
- Board memberOle Ingebrigt Sunnset
- Board memberIngvill Hestenes
- Deputy board memberMartin Holvik
- Deputy board memberHarald Røyrvik
- Deputy board memberEli Bjørhovde Rindal
- Deputy board memberMari Merete Hestenes Netland
Auditor
- AuditorDELOITTE 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
- 6
Overview
Structure map
SFE AS
SFE AS AVD KORSSUND
KORSSUND
SFE AS HOVEDKONTOR
SANDANE · 83 employees
SFE AS STASJONSGRUPPE SVELGEN
SVELGEN · 8 employees
SFE AS STASJONSGRUPPE VETLEFJORDEN
SANDANE · 8 employees
SFE AS STASJONSGRUPPE ÅLFOTEN
ÅLFOTEN · 13 employees
SFE AS STASJONSGRUPPEN ASKVOLL
ASKVOLL
Registry data
Sub-units
| Name | Org. no. | Place | Employees |
|---|---|---|---|
| SFE AS AVD KORSSUNDProduction of electricity from hydropower | 925 622 338 | KORSSUND | – |
| SFE AS HOVEDKONTORProduction of electricity from hydropower | 974 745 461 | SANDANE | 83 |
| SFE AS STASJONSGRUPPE SVELGENProduction of electricity from hydropower | 998 382 378 | SVELGEN | 8 |
| SFE AS STASJONSGRUPPE VETLEFJORDENProduction of electricity from hydropower | 974 745 496 | SANDANE | 8 |
| SFE AS STASJONSGRUPPE ÅLFOTENProduction of electricity from hydropower | 974 745 488 | ÅLFOTEN | 13 |
| SFE AS STASJONSGRUPPEN ASKVOLLProduction of electricity from hydropower | 990 865 175 | ASKVOLL | – |
More about the company
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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.
Registered changes
We show changes from the Brønnøysund Register Centre's change log from the next registered change.
Documents
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Transparency
Sources and data quality
Company information
Brønnøysund Register Centre · Public register
Last retrieved 15 November 2026 at 18:09
Open official sourceRoles
Brønnøysund Register Centre · Public register
Last retrieved 15 November 2026 at 18:09
Open official sourceAccounts and key figures
Register of Company Accounts · Public register
Last retrieved 15 November 2026 at 18:09
Open official sourceCentral approval
Norwegian Building Authority (DiBK) · No approval found
Last retrieved 15 November 2026 at 18:09
Open official sourceIndustry standard (SN2007)
Statistics Norway – KLASS · Official standard
Last retrieved 15 November 2026 at 18:09
Open official source
Public registry data is updated periodically and cannot be changed by the company. Calculated figures are marked “Calculated by us”.
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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.
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