Varsvik AB
ABActiveOrg 5569149833StockholmProduction of electricity from renewable sources· NACE 3512Est. 2012 · 13 years old0 employees
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Overview
Varsvik AB is a Swedish AB based in Stockholm, operating in the Production of electricity from renewable sources sector. Incorporated in 2012, the company has 0 employees and reported revenue of SEK 38.7m in its latest annual filing.
Revenue 2025
38.7M SEK
−33% vs 2024
EBITDA margin
87.4 %
−6% vs 2024
Net profit 2025
76M SEK
+146% vs 2024
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
64.4 %
StrongAmong the 30% highest 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
12.0 %
Very strongAmong the 10% highest rated companies in the industry
20212025
EBITDA — year on year
SEK millionsKey figures
Annual report 2025| Revenue | 38.7M SEK | -33% |
| EBITDA | 33.8M SEK | -6% |
| Net profit | 76M SEK | +146% |
| Total assets | 633.8M SEK | +4% |
| Equity | 408.3M SEK | +23% |
| Employees | 0 | — |
Company information
Legal name
Varsvik AB
Org number
5569149833
Legal form
Aktiebolag
NACE code
Founded
13 December 2012 · 13 years
Share capital
SEK 50,000
Employees
0 (FTE)
VAT registered
No
Audit selected
No
Last report
2025-12-31
Financial year
January – December
Signatory rights
Firman tecknas av styrelsen Firman tecknas två i förening av Andersson, Karl Henrik Jernhall, Kjell Anders Loréhn, Ulf Stefan Menzel, Katarina Viktoria Niederbach, Hans Robert Nilsson, Rikard Emanuel Nordqvist, Nils Fredrik
Company purpose
Bolaget verksamhet skall vara att anlägga, driva samt avveckla vindkraftprojektet Varvsvik, Norrtälje kommun. Bolagets verksamhet ska även omfatta ingående av långsiktiga elleveransavtal och vidareöverlåtelse av energi liksom upphandling av fundament och turbiner samt ägande och drift av produktionsanläggningar, handel med elcertifikat samt därmed förenlig verksamhet för projektet.
(no translation available)
Address
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Financial development
In its most recent annual report (2025), Varsvik AB reported revenue of SEK 38.7m, a decrease of 33% on the year before. The figures on this page draw on 5 annual filings covering 2021 to 2025. The bottom line showed a net profit of SEK 76.0m, and the EBITDA margin stood at 87.4%.
At the end of 2025, equity financed 64.4% of the balance sheet, and current assets covered short-term debt 0.8 times.
Financials
Revenue
SEK millionsEBITDA
SEK millionsIncome statement
SEK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 38,685 | 57,701 | 64,765 | 54,221 | 59,341 |
| Staff expenses | — | — | — | — | — |
| EBITDA | 33,803 | 35,960 | 45,522 | 32,098 | 41,453 |
| Depreciation & amort. | -28,522 | -28,522 | -28,522 | -28,361 | -28,200 |
| EBIT | 5,281 | 7,437 | 17,000 | 3,736 | 13,253 |
| Net financials | 7,442 | -4,601 | -50,038 | -14,783 | -12,831 |
| Profit before tax | 83,923 | 38,210 | -5,562 | -11,047 | 422 |
| Tax | -7,877 | -7,239 | 31,896 | — | -0 |
| Net profit | 76,046 | 30,971 | 26,334 | -11,047 | 422 |
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Balance sheet
SEK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total assets | 633,764 | 611,665 | 681,859 | 418,217 | 440,264 |
| Equity | 408,251 | 332,205 | 301,234 | 174,900 | 185,947 |
| Long-term debt | — | — | 0 | 180,526 | 205,982 |
| Short-term debt | 129 | 30,411 | 107,890 | 56,841 | 46,253 |
| Total debt | 129 | 30,411 | 107,890 | 237,367 | 252,235 |
Financial ratios
5-year trendEBITDA margin
87.4 %
20212025
Equity ratio
64.4 %
StrongAmong the 30% highest rated companies in the industry
20212025
Return on equity
18.6 %
Very strongAmong the 20% highest rated companies in the industry
20212025
Net profit margin
196.6 %
Very strongAmong the 10% highest rated companies in the industry
20212025
Asset turnover
0.06×
AverageAround the average of companies in the same industry
20212025
Debt / equity
0.55×
Very strongAmong the 10% highest rated companies in the industry
20212025
Sector performance
21 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Gross marginStrong
Among the 30% highest rated companies in the industry
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 marginStrong
Among the 40% highest rated companies in the industry
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 marginVery strong
Among the 10% highest rated companies in the industry
The profit for the year as a share of revenue — the company's ability to turn revenue into profit.
Return on equity (ROE)Very strong
Among the 20% 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)Very strong
Among the 10% highest rated companies in the industry
Net profit as a percentage of total assets — the return generated on the capital employed.
Return on net assets (RONA)Very strong
Among the 20% 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)Strong
Among the 40% highest rated companies in the industry
EBIT relative to total assets — the company's earning power before the effects of tax and financial leverage.
Capacity ratioStrong
Among the 40% highest 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.
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.
Current assets to equityVery strong
Among the 10% highest 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.
Cash conversion ratioWeak
Among the 40% lowest rated companies in the industry
Cash flow relative to profit — the ability to convert reported profits into accessible cash.
Quick ratioNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
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 ratioNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.
Fixed assets to long-term capitalNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
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.
Debt & solvency
Solidity ratioStrong
Among the 30% highest 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 ratioVery strong
Among the 10% highest 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 strong
Among the 10% highest rated companies in the industry
Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.
Liabilities to equityStrong
Among the 30% highest rated companies in the industry
Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.
Income to debtVery strong
Among the 10% highest rated companies in the industry
Profit relative to debt — the ability to create earnings while operating with debt.
EBITDA to debtVery strong
Among the 10% highest rated companies in the industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest coverageNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
The ability to pay the interest on the company's debt out of its earnings.
Interest rate on debtNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.
Interest marginNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
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 turnoverAverage
Around the average of companies in the same industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
Equity to contributed capitalVery strong
Among the 10% 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 equityStrong
Among the 30% highest rated companies in the industry
The size of this year's increase or decrease in the company's equity.
One-year change in debtVery strong
Among the 10% highest 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 Bolagsverket / SCB · Period 2025-01-01 – 2025-12-31
- Annual report 2024Filed via Bolagsverket / SCB · Period 2024-01-01 – 2024-12-31
- Annual report 2023Filed via Bolagsverket / SCB · Period 2023-01-01 – 2023-12-31
- Annual report 2022Filed via Bolagsverket / SCB · Period 2022-01-01 – 2022-12-31
- Annual report 2021Filed via Bolagsverket / SCB · Period 2021-01-01 – 2021-12-31
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (5) | ||
RE External Signatory | External Signatory | 2025 |
KA External Signatory | External Signatory | 2025 |
KV External Signatory | External Signatory | 2022 |
AO Chief Auditor | Chief Auditor | 2025 |
HR External Signatory | External Signatory | 2025 |
Former (2)
LJ Chief Auditor | Chief Auditor | 2020 – 2021 |
BM Chief Auditor | Chief Auditor | 2021 – 2025 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (3) | ||
KH Board of Directors | Board of Directors | 2021 |
US Chairman | Chairman | 2025 |
NF Board of Directors | Board of Directors | 2025 |
Former (7)
AM Deputy Board Member | Deputy Board Member | 2020 – 2022 |
KA Chairman | Chairman | 2020 – 2025 |
KV Deputy Board Member | Deputy Board Member | 2020 – 2022 |
RX Board of Directors | Board of Directors | 2020 – 2022 |
BC Deputy Board Member | Deputy Board Member | 2020 – 2022 |
OR Board of Directors | Board of Directors | 2020 – 2022 |
NH Board of Directors | Board of Directors | 2020 – 2021 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 100% | 100% | 0001 |
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Company hierarchy
L E Lundbergföretagen Aktiebolag (publ)
Varsvik AB Board network connections
Board members of Varsvik AB also hold positions in 559 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Lars Joakim Thilstedt | Chief Auditor | 126 companiesMany roles |
| Bo Magnus Svensson Henryson | Chief Auditor | 118 companiesMany roles |
| Kjell Anders Jernhall | External Signatory | 70 companiesMany roles |
| Hans Robert Niederbach | External Signatory | 61 companiesMany roles |
| Anna Ojdanic | Chief Auditor | 43 companiesMany roles |
| Katarina Viktoria Menzel | External Signatory | 37 companiesMany roles |
| Karl Henrik Andersson | Board of Directors | 37 companiesMany roles |
| Ulf Stefan Loréhn | Chairman | 33 companiesMany roles |
| Nils Fredrik Nordqvist | Board of Directors | 15 companiesMany roles |
| Rikard Emanuel Nilsson | External Signatory | 9 companiesMany roles |
| Bastien Cyril Michel Spagnol | Deputy Board Member | 5 companies |
| Olena Reznik | Board of Directors | 5 companies |
Frequently asked questions
What is the Org number of Varsvik AB?
Varsvik AB is registered with Bolagsverket / SCB under Org 5569149833.
What is the revenue of Varsvik AB?
Varsvik AB reported revenue of SEK 38.7m in 2025.
Who is the chairman of Varsvik AB?
Ulf Stefan Loréhn chairs the board of Varsvik AB, in role since 2025.
Where is Varsvik AB headquartered?
Varsvik AB's registered address is Stockholm.