Edda Wind AS
ASActiveOrg 923565264Strandveien 20, 1366 LysakerConstruction of utility projects for electricity and telecommunications· NACE 4222Est. 2019 · 7 years old0 employees
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Overview
Edda Wind AS is a Norwegian AS based in Lysaker, operating in the Construction of utility projects for electricity and telecommunications sector. Incorporated in 2019, the company has 0 employees and reported revenue of NOK 0 in its latest annual filing.
Revenue 2025
0M NOK
EBITDA margin
—
Net profit 2025
7.2M NOK
-72% vs 2024
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
7.9 %
WeakAmong the 30% lowest rated companies in the industry
20212025
Liquidity ratioCurrent assets ÷ Short-term debt
0.8×
WeakAmong the 30% lowest rated companies in the industry
20212025
Return on assets (ROA)Net profit ÷ Total assets × 100
2.0 %
AverageAround the average of companies in the same industry
20212025
EBITDA — year on year
NOK thousandsKey figures
Annual report 2025| Revenue | 0M NOK | — |
| EBITDA | -1.8M NOK | -88% |
| Net profit | 7.2M NOK | -72% |
| Total assets | 357.4M NOK | -8% |
| Equity | 28.1M NOK | -92% |
| Employees | 0 | — |
Company information
Legal name
EDDA WIND AS
Org number
923565264
Legal form
Aksjeselskap
Founded
16 September 2019 · 7 years
Share capital
NOK 12,931,448
Employees
0 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2025-12-31
Financial year
January – December
Signatory rights
Styrets leder og ett styremedlem i fellesskap.
Company purpose
Direkte eller indirekte, eie og drive virksomhet innenfor fornybar offshore, herunder, men ikke begrenset til, eierskap og drift av spesialiserte fartøyer, ulike tilleggstjenester, samt deltakelse og eierskap i andre selskaper.
(no translation available)
Address
Strandveien 20, 1366 Lysaker
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Financial development
In its most recent annual report (2025), Edda Wind AS reported revenue of NOK 0. The figures on this page draw on 5 annual filings covering 2021 to 2025. The bottom line showed a net profit of NOK 7.2m.
At the end of 2025, equity financed 7.9% of the balance sheet, and current assets covered short-term debt 0.8 times.
Financials
Revenue
NOKEBITDA
NOK thousandsIncome statement
NOK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 |
| Staff expenses | -0 | -0 | -0 | -0 | -0 |
| EBITDA | -1,773 | -945 | -1,461 | -2,000 | -2,485 |
| Depreciation & amort. | -0 | -0 | -0 | -0 | -0 |
| EBIT | -1,773 | -945 | -1,461 | -2,000 | -2,485 |
| Net financials | 10,880 | 29,060 | 8,370 | 4,320 | 1,399 |
| Profit before tax | 9,107 | 28,115 | 6,909 | 2,320 | -1,086 |
| Tax | 1,905 | -0 | -0 | -0 | -0 |
| Net profit | 7,202 | 25,598 | 4,787 | 2,320 | -1,086 |
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Balance sheet
NOK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total assets | 357,437 | 387,122 | 311,383 | 173,700 | 170,236 |
| Equity | 28,121 | 340,052 | 280,150 | 170,443 | 168,122 |
| Long-term debt | 0 | 19,883 | 19,692 | 0 | 0 |
| Short-term debt | 329,316 | 27,188 | 11,542 | 3,258 | 2,115 |
| Total debt | 329,316 | 47,071 | 31,234 | 3,258 | 2,115 |
Financial ratios
5-year trendEBITDA margin
<−999 %
20212025
Equity ratio
7.9 %
WeakAmong the 30% lowest rated companies in the industry
20212025
Return on equity
25.6 %
StrongAmong the 40% highest rated companies in the industry
20212025
Net profit margin
>999 %
20212025
Asset turnover
0.00×
Very weakAmong the 10% lowest rated companies in the industry
20212025
Debt / equity
11.71×
Very weakAmong the 10% lowest rated companies in the industry
20212025
Sector performance
24 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Return on equity (ROE)Strong
Among the 40% highest rated companies in the industry
Net profit as a percentage of equity — the return the owners earned on their invested capital this year.
Return on assets (ROA)Average
Around the average of companies in the same industry
Net profit as a percentage of total assets — the return generated on the capital employed.
Return on net assets (RONA)Strong
Among the 40% highest rated companies in the industry
Profit relative to net assets (total assets minus total debt) — the ability to generate earnings from the net asset base alone.
Basic earning power (BEP)Weak
Among the 40% lowest rated companies in the industry
EBIT relative to total assets — the company's earning power before the effects of tax and financial leverage.
Capacity ratioVery weak
Among the 10% lowest rated companies in the industry
Shows how strongly fixed costs weigh on the gross result — a high ratio means fixed costs take only a small bite out of the earnings from basic operations.
Gross marginNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
The gross result as a share of revenue — how much of the revenue is left after variable costs to cover the company's fixed costs.
Operating marginNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
EBIT as a share of revenue — the share of revenue remaining as earnings once all operating costs are covered. A key measure of earning power.
Net profit marginNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
The profit for the year as a share of revenue — the company's ability to turn revenue into profit.
Liquidity
Current ratioWeak
Among the 30% lowest rated companies in the industry
Current assets relative to short-term debt — the ability to settle short-term obligations with current assets alone. Around 150% is considered satisfactory from a credit perspective.
Quick ratioWeak
Among the 30% lowest rated companies in the industry
Current assets excluding inventory relative to short-term debt — whether the most liquid assets alone can cover the short-term obligations. A value of 1 or above signals a healthy liquidity position.
Cash ratioWeak
Among the 30% lowest rated companies in the industry
Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.
Current assets to equityVery weak
Among the 10% lowest rated companies in the industry
Current assets relative to equity — an indicator of the balance-sheet structure and of the company's short- and long-term financing. The healthy level is highly industry-dependent.
Fixed assets to long-term capitalVery weak
Among the 10% lowest rated companies in the industry
Fixed assets relative to long-term capital (equity plus long-term liabilities). Below 100% means the long-term capital finances more than just the fixed assets — a healthier liquidity position.
Cash conversion ratioVery weak
Among the 10% lowest rated companies in the industry
Cash flow relative to profit — the ability to convert reported profits into accessible cash.
Debt & solvency
Solidity ratioWeak
Among the 30% lowest rated companies in the industry
Equity as a share of total assets — the ability to absorb losses. Around 40% is considered satisfactory from a credit perspective.
Debt ratioWeak
Among the 30% lowest rated companies in the industry
Total debt relative to the balance-sheet total — the share of the assets financed by debt rather than equity.
Debt to equityVery weak
Among the 10% lowest rated companies in the industry
Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.
Liabilities to equityVery weak
Among the 10% lowest rated companies in the industry
Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.
Income to debtAverage
Around the average of companies in the same industry
Profit relative to debt — the ability to create earnings while operating with debt.
EBITDA to debtWeak
Among the 40% lowest rated companies in the industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest coverageWeak
Among the 40% lowest rated companies in the industry
The ability to pay the interest on the company's debt out of its earnings.
Interest rate on debtVery weak
Among the 10% lowest rated companies in the industry
Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.
Interest marginAverage
Around the average of companies in the same industry
The return on assets minus the interest rate on debt. Positive means the company benefits from operating with debt; negative means the debt makes it worse off.
Efficiency & development
Asset turnoverVery weak
Among the 10% lowest rated companies in the industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
Equity to contributed capitalStrong
Among the 30% highest rated companies in the industry
Total equity relative to the capital the owners contributed — how the equity has developed from its starting point.
One-year change in equityVery weak
Among the 10% lowest rated companies in the industry
The size of this year's increase or decrease in the company's equity.
One-year change in debtVery weak
Among the 10% lowest rated companies in the industry
The size of this year's increase or decrease in the company's debt.
Inventory turnoverNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Revenue relative to inventory — how many times a year the inventory is sold and replaced. A low value can indicate weak sales or excess inventory.
Annual reports & filings
- Annual report 2025Filed via Brønnøysundsregistrene · Period 2025-01-01 – 2025-12-31
- Annual report 2024Filed via Brønnøysundsregistrene · Period 2024-01-01 – 2024-12-31
- Annual report 2023Filed via Brønnøysundsregistrene · Period 2023-01-01 – 2023-12-31
- Annual report 2022Filed via Brønnøysundsregistrene · Period 2022-01-01 – 2022-12-31
- Annual report 2021Filed via Brønnøysundsregistrene · Period 2021-01-01 – 2021-12-31
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (1) | ||
SM Chief Executive Officer | Chief Executive Officer | 2025 |
Former (2)
HH Chief Executive Officer | Chief Executive Officer | 2025 – 2025 |
KW Chief Executive Officer | Chief Executive Officer | 2020 – 2025 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (5) | ||
GO Chairman | Chairman | 2024 |
DJ Board of Directors | Board of Directors | 2022 |
MK Board of Directors | Board of Directors | 2021 |
AG Board of Directors | Board of Directors | 2022 |
TE Board of Directors | Board of Directors | 2021 |
Former (4)
JØ Board of Directors | Board of Directors | 2020 – 2021 |
JE Chairman | Chairman | 2023 – 2024 |
CK Board of Directors | Board of Directors | 2022 – 2024 |
HF Chairman | Chairman | 2020 – 2023 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 100% | 100% | 2025 | |
| Company | 75% | 75% | 2020 | |
Geveran Trading Co Ltd | Company | 11.74% | 11.74% | 2022 |
Ubs Switzerland Ag | Company | 20.17% | 20.17% | 2024 |
Geveran Trading Company Ltd | Company | 31.03% | 31.03% | 2024 |
The Northern Trust Comp, London Br | Company | 1.36% | 1.36% | 2021 |
| Company | 31.02% | 31.02% | 2024 | |
J.P. Morgan Se | Company | 3.39% | 3.39% | 2024 |
J.P. Morgan Bank Luxembourg S.A. | Company | 3.3% | 3.3% | 2021 |
| Company | 18.96% | 18.96% | 2023 | |
Credit Suisse (Switzerland) Ltd. | Company | 15.93% | 15.93% | 2023 |
| Individual | 0.03% | 0.03% | 2024 | |
| Individual | 0.07% | 0.07% | 2024 | |
Morgan Stanley & Co. Int. Plc. | Company | 0.03% | 0.03% | 2024 |
| Individual | 0.02% | 0.02% | 2024 | |
| Individual | 0% | 0% | 2024 |
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Company hierarchy
Electric As100%Geveran Trading Co Ltd11.74%Ubs Switzerland Ag20.17%Geveran Trading Company Ltd31.03%The Northern Trust Comp, London Br1.36%Wilhelmsen New Energy As31.02%J.P. Morgan Se3.39%J.P. Morgan Bank Luxembourg S.A.3.3%Strandgata 69 As18.96%Credit Suisse (Switzerland) Ltd.15.93%Morgan Stanley & Co. Int. Plc.0.03%
Edda Wind AS (this company)North Star Salmon 1 AS100% ownedNorth Star Salmon 4 AS100% ownedEdda Wind XX AS100% ownedMif Iii No. 15 AS100% ownedMif Iii No. 14 AS100% ownedWest Energy AS100% ownedEdda Wind Xvi AS100% ownedEdda Wind Xix AS100% ownedEdda Wind Vii AS100% ownedMif Iii No. 13 AS100% ownedNorth Star Salmon 3 AS100% ownedEdda Wind Xvii AS100% ownedEdda Wind i AS100% ownedNorth Star Salmon 2 AS100% ownedMif Iii No. 11 AS100% ownedEdda Wind Viii AS100% ownedNorwind Crew Services AS100% ownedEdda Wind Investment AS100% ownedEdda Wind X AS100% ownedMif Iii No. 16 AS100% ownedEdda Wind Xviii AS100% ownedEdda Wind Iii AS100% ownedEdda Wind Management AS100% ownedBoard network connections
Board members of Edda Wind AS also hold positions in 161 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Johannes Østensjø | Board of Directors | 39 companiesMany roles |
| Toril Eidesvik | Board of Directors | 24 companiesMany roles |
| Jan Eyvin Wang | Chairman | 21 companiesMany roles |
| Håvard Framnes | Chairman | 15 companiesMany roles |
| Herman Hovland Øverlie | Chief Executive Officer | 14 companiesMany roles |
| Adrian Geelmuyden | Board of Directors | 13 companiesMany roles |
| Martha Kold Monclair | Board of Directors | 8 companiesMany roles |
| Kenneth Walland | Chief Executive Officer | 7 companiesMany roles |
| Geir Oppegård Flæsen | Chairman | 7 companiesMany roles |
| Cecilie Kirsten Wammer Serck-Hanssen | Board of Directors | 7 companiesMany roles |
| Stig Morten Helland | Chief Executive Officer | 5 companies |
| Duncan John Bullock | Board of Directors | 1 company |
Frequently asked questions
What is the Org number of Edda Wind AS?
Edda Wind AS is registered with Brønnøysundsregistrene under Org 923565264.
Who is the CEO of Edda Wind AS?
Stig Morten Helland is the CEO of Edda Wind AS, in role since 2025.
Who is the chairman of Edda Wind AS?
Geir Oppegård Flæsen chairs the board of Edda Wind AS, in role since 2024.
Where is Edda Wind AS headquartered?
Edda Wind AS's registered address is Strandveien 20.