Liquidity
Watch1.13
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.
VASSNES SOLUTIONS AS
Org. no. 998 879 779 · Private limited company (AS) · Active · Haukelivegen 745, 5580, ØLEN · VINDAFJORD · 43.210 – Electrical installation
ActiveVAT registeredRegister of Business Enterprises
- Organisation form
- AS
- Employees
- 278
- Established
- 14 September 2012
- Municipality
- VINDAFJORD
- Industry code
- 43.210
VASSNES SOLUTIONS AS is a private limited company (as) registered in ØLEN since 2012. The organisation number is 998 879 779. The register lists 278 employees. The latest submitted annual accounts are for 2025.
Source: The Brønnøysund Register Centre · Last updated 6 November 2026 at 13:52
Overview
Quick overview
Status and key figures
Based on the latest submitted annual accounts (2025) and registry data.
Profitability
Watch3.7 %
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
Weak7.4 %
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
- 389.9 m NOK
- +89.7 % vs. the year before
- Net result
- 11.4 m NOK
- Fiscal year 2025
- Equity
- 10.4 m NOK
- Fiscal year 2025
- Status
- Active
- Central Coordinating Register
- Employees
- 278
- Registered in the Central Coordinating Register
- Founded
- 14 September 2012
- Place
- ØLEN
- Industry
- Electrical installation
- 43.210
- Public contracts
- –
- Roles
- 5
- 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
69
av 100
Moderate 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
- 998 879 779
- Organisation form
- Private limited company (AS)
- Registered in the Central Coordinating Register
- 25 September 2012
- Date of incorporation
- 14 September 2012
- Number of employees
- 278
- Language form
- Norwegian Bokmål
- Latest submitted annual accounts
- 2025
- Deleted
- Not provided
- Website
- www.vassnes.com
- Bankruptcy date
- Not provided
Addresses
Visiting and postal address
Business address
Haukelivegen 7455580 ØLENVINDAFJORD municipalityNorgePostal address
Not registered
Industry
Industry and sector
- 43.210
Electrical installation(main industry)
F Construction › 43 Specialised construction activities › 43.2 Electrical, plumbing and other construction installation activities › 43.21 Electrical installation
See the industry: largest companies and key figures →What does this industry cover?
Inkluderer: Omfatter installering av elektriske anlegg i alle typer bygninger og anlegg: elektriske ledninger og utstyr, telekabler, kabler til bredbånd og TV, herunder fiberoptikk og parabolantenner, belysning, brannalarmer, tyverialarmer, gatebelysning, elektriske trafikksignalanlegg og belysning til landingsbaner Inkluderer også: Omfatter også tilkobling av elektriske husholdningsapparater og husholdningsutstyr, herunder anlegg til gulvvarme Ekskluderer: Bygging av elektrisitets- og kommunikasjonslinjer grupperes under: 42.22 Bygging av anlegg for elektrisitet og telekommunikasjon. Overvåking og fjernovervåking av elektroniske sikkerhetssystemer, f.eks. tyverialarmer og brannalarmer, herunder installasjon og vedlikehold grupperes under: 80.20 Tjenester tilknyttet vakttjenester
- 33.150
Repair and maintenance of ships and boats
C Manufacturing › 33 Repair and installation of machinery and equipment › 33.1 Repair of fabricated metal products, machinery and equipment › 33.15 Repair and maintenance of ships and boats
What does this industry cover?
Inkluderer: Omfatter reparasjon og vedlikehold av skip og båter og ombygging og ettersyn av skip som er gruppert i næring 30 Produksjon av andre transportmidler: rutinevedlikehold av skip og reparasjon og vedlikehold av lystbåter Inkluderer også: Omfatter også reparasjon av borerigger Ekskluderer: Fabrikkombygging av skip grupperes under: 30.1 Bygging av skip og båter. Reparasjon av skips- og båtmotorer grupperes under: 33.12 Produksjon av maskiner. Demontering og opphogging av skip grupperes under: 38.31 Demontering av vrakede gjenstander
- 71.129
Other engineering consultancy
M Real estate activities › 71 Architectural and engineering activities; technical testing and analysis › 71.1 Architectural and engineering activities and related technical consultancy › 71.12 Engineering activities and related technical consultancy
What does this industry cover?
Inkluderer: Omfatter ingeniørtjenester innenfor kraft og energi, samferdsel, vann, kloakk og drenering, industri og produksjon, telekommunikasjon og kringkasting mv. og generelle rådgivende ingeniørtjenester, herunder rådgivning vedrørende prinsipper og metoder innen ingeniørbransjen når dette gjøres uavhengig av et ingeniørprosjekt, inklusiv policyanalyse og undersøkelse og revisjon av forskrifter; ekspertuttalelser/vitneuttalelser Inkluderer også: Omfatter også maskinteknisk, bilteknisk, kjemiteknisk og annen teknisk rådgiving, oljevern mv.
Institutional sector code: Private aksjeselskaper mv. (2100)
Statutory purpose
Utleie av personell og totalleveranser av elektroinstallasjon på maritime og offshore konstruksjoner, og tilhørende aktiviteter. Selskapet skal også drive konsulenttjenester.
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
Watch1.13
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
Watch3.7 %
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
Weak7.4 %
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 | 389,905,875 | 205,496,558 | 72,524,593 | |
| Operating profit | 14,544,184 | -1,332,050 | 598,101 | |
| Profit before tax | 12,482,487 | -4,330,623 | 932,037 | |
| Net result | 11,441,480 | -4,330,623 | 932,037 | |
| Total assets | 141,895,979 | 37,322,254 | 41,061,964 | |
| Equity | 10,434,380 | -28,484,989 | -8,794,366 | |
| Liabilities | 131,461,599 | 65,807,242 | 49,856,330 |
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
- 389,905,875 NOK
- Net result 2025
- 11,441,480 NOK
- Revenue growth
- 89.7 %
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 | 389,905,875 NOK |
|---|---|
| Total operating expenses | 375,361,690 NOK |
| Operating profit | 14,544,184 NOK |
| Total financial income | 191,056 NOK |
| Total financial expenses | 2,252,754 NOK |
| Net financial items | -2,061,698 NOK |
| Profit before tax | 12,482,487 NOK |
| Net result | 11,441,480 NOK |
Assets
| Total fixed assets | 416,580 NOK |
|---|---|
| Total current assets | 141,479,399 NOK |
| Total assets | 141,895,979 NOK |
Equity and liabilities
| Paid-in equity | 40,961,570 NOK |
|---|---|
| Retained earnings | -30,527,190 NOK |
| Total equity | 10,434,380 NOK |
| Current liabilities | 125,461,599 NOK |
| Long-term liabilities | 6,000,000 NOK |
| Total debt | 131,461,599 NOK |
| Total equity and liabilities | 141,895,979 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 | 205,496,558 NOK |
|---|---|
| Total operating expenses | 206,828,608 NOK |
| Operating profit | -1,332,050 NOK |
| Total financial income | 10,004 NOK |
| Total financial expenses | 3,008,577 NOK |
| Net financial items | -2,998,573 NOK |
| Profit before tax | -4,330,623 NOK |
| Net result | -4,330,623 NOK |
Assets
| Total fixed assets | 1,477,887 NOK |
|---|---|
| Total current assets | 35,844,367 NOK |
| Total assets | 37,322,254 NOK |
Equity and liabilities
| Paid-in equity | 10,461,570 NOK |
|---|---|
| Retained earnings | -38,946,559 NOK |
| Total equity | -28,484,989 NOK |
| Current liabilities | 64,019,993 NOK |
| Long-term liabilities | 1,787,249 NOK |
| Total debt | 65,807,242 NOK |
| Total equity and liabilities | 37,322,254 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 | 72,524,593 NOK |
|---|---|
| Total operating expenses | 71,926,492 NOK |
| Operating profit | 598,101 NOK |
| Total financial income | 1,144,837 NOK |
| Total financial expenses | 810,901 NOK |
| Net financial items | 333,936 NOK |
| Profit before tax | 932,037 NOK |
| Net result | 932,037 NOK |
Assets
| Total fixed assets | 1,957,117 NOK |
|---|---|
| Total current assets | 39,104,846 NOK |
| Total assets | 41,061,964 NOK |
Equity and liabilities
| Paid-in equity | 10,461,570 NOK |
|---|---|
| Retained earnings | -19,255,936 NOK |
| Total equity | -8,794,366 NOK |
| Current liabilities | 47,113,279 NOK |
| Long-term liabilities | 2,743,051 NOK |
| Total debt | 49,856,330 NOK |
| Total equity and liabilities | 41,061,964 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. | 89.7 % | 183.3 % | – |
| Operating marginOperating profit divided by total operating revenue. | 3.7 % | -0.6 % | 0.8 % |
| Profit marginOrdinary profit before tax divided by total operating revenue. | 3.2 % | -2.1 % | 1.3 % |
| Equity ratioTotal equity divided by total assets. | 7.4 % | -76.3 % | -21.4 % |
| Current ratioTotal current assets divided by total current liabilities. | 1.13 | 0.56 | 0.83 |
| Debt ratioTotal liabilities divided by total equity. | 12.6 | -2.31 | -5.67 |
| Return on assetsOrdinary profit before tax plus financial expenses, divided by total assets. | 10.4 % | -3.5 % | 4.2 % |
| Return on equityNet profit divided by total equity. | 109.7 % | 15.2 % | -10.6 % |
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.
- 2024, Debt ratio: Negativ egenkapital gjør forholdstallet vanskelig å tolke.
- 2023, Debt ratio: Negativ egenkapital gjør forholdstallet vanskelig å tolke.
Roles and owners
Registry data
Roles
Chief executive officer
- Chief executive officerJan-Halvard Andersen
Board
- Chair of the boardBjørn Sigmund Tollefsen
- Board memberJan-Halvard Andersen
Auditor
- AuditorCEDRA NORGE AS
Accountant
- AccountantS3 REGNSKAP 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
- 3
Overview
Structure map
VASSNES SOLUTIONS AS
VASSNES SOLUTIONS AS ELECTRO DEPARTMENT
ØLEN · 229 employees
VASSNES SOLUTIONS AS ENGINEERING DEPARTMENT
ØLEN · 19 employees
VASSNES SOLUTIONS AS MECHANICAL DEPARTMENT
ØLEN · 30 employees
Registry data
Sub-units
| Name | Org. no. | Place | Employees |
|---|---|---|---|
| VASSNES SOLUTIONS AS ELECTRO DEPARTMENTElectrical installation | 995 130 858 | ØLEN | 229 |
| VASSNES SOLUTIONS AS ENGINEERING DEPARTMENTOther engineering consultancy | 998 834 066 | ØLEN | 19 |
| VASSNES SOLUTIONS AS MECHANICAL DEPARTMENTRepair and maintenance of ships and boats | 912 311 767 | ØLEN | 30 |
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.
Registered changes
We show changes from the Brønnøysund Register Centre's change log from the next registered change.
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 6 November 2026 at 13:52
Open official sourceRoles
Brønnøysund Register Centre · Public register
Last retrieved 6 November 2026 at 13:52
Open official sourceAccounts and key figures
Register of Company Accounts · Public register
Last retrieved 6 November 2026 at 13:52
Open official sourceAddress (verified)
Norwegian Mapping Authority – Geonorge address API · Public register
Last retrieved 6 November 2026 at 13:52
Open official sourceCentral approval
Norwegian Building Authority (DiBK) · No approval found
Last retrieved 6 November 2026 at 13:52
Open official sourceIndustry standard (SN2007)
Statistics Norway – KLASS · Official standard
Last retrieved 6 November 2026 at 13:52
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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