Rakkestad Biovarme AS
Score · fiscal year 2025
10of 100
How to read this: the company is ahead of 0 % of companies in the Morning class Micro in the same sector in 2025. What does this mean?
Rank in the Morning class Micro: 436 of 438 · What are Morning company classes?
Place in the whole sector: 862 of 866 · Kraft og energi
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 10 and solidity 0 out of 100 among companies in the Morning class Micro in the same sector in 2025. Methodology
Against the sector
Rakkestad Biovarme AS is 40 points below the median for companies in the Morning class Micro in the same sector in 2025.
Median score 50 among 438 companies.
Against companies in the Morning class Micro in the same sector in 2025: operating margin −49.4% (median 17.2%) and equity ratio −73.0% (median 38.0%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 2 MNOK | 3 MNOK |
| Operating margin | −49.4% | 17.2% |
| Profit margin | −49.3% | 2.3% |
| Return on assets | −46.6% | 3.8% |
| Equity ratio | −73.0% | 38.0% |
| Debt-to-equity | – | 1.41 |
| Current ratio | 0.98 | 1.98 |
| Revenue growth | −37.5% | 1.9% |
The median and “ahead of” refer to companies in the Morning class Micro in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 10, Rakkestad Biovarme AS does better than 0% of companies in the Morning class Micro in the same sector (438 companies) in 2025.
Score 2023–2025
- Rakkestad Biovarme AS
- Median: companies in the Morning class Micro in the same sector
Rakkestad Biovarme AS has a score of 10 for 2025, rank 862 of 866 in the sector.
Strongest: Liquidity: percentile 22 against peers, current ratio 0.98 against a median of 1.98.
Weakest: Solidity: percentile 0 against peers, equity ratio −73.0% against a median of 38.0%. Growth: percentile 7 against peers, revenue growth −37.5% against a median of 1.9%.
Worth a closer look
- Equity is negative. How will it be rebuilt, and what do lenders and the auditor say about going concern? Based on: equity ratio −73.0% (median 38.0%).
- Consider strengthening liquidity: current liabilities are 1.0 times current assets. Based on: current ratio 0.98 (median 1.98).
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin −49.3% (median 2.3%).
- What lies behind weak solidity, and will it last?
Written by fixed rules from the figures. Describes the figures, does not explain causes. Not investment or financial advice. How the summary is made
What the numbers say
Rakkestad Biovarme AS had an operating margin of −49.4% and an equity ratio of −73.0% in 2025, and ranks 862 of 866 in Kraft og energi.
From 2024 to 2025: the operating margin fell from 5.5% to −49.4% and the equity ratio fell from −23.0% to −73.0%.
Rakkestad Biovarme AS did weaker than the sector in 2025, the sector's weakest year.
This text is generated automatically from the 2025 accounts.
Three simple methods
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | not meaningful |
A mechanical estimate from public accounts, not advice. Mechanical estimate from public accounts with fixed multiples. Not a valuation and not advice to buy or sell. The multiples are provisional default values and must be adjusted per sector before the figures are used for anything. See the calculation
Worth a closer look
- critical
Equity is negative. How will it be rebuilt, and what do lenders and the auditor say about going concern?
Based on: Equity ratio −73.0% (median 38.0%).
- watch
Consider strengthening liquidity: current liabilities are 1.0 times current assets.
Based on: Current ratio 0.98 (median 1.98).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −49.3% (median 2.3%).
- watch
The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors?
Based on: Operating margin −49.4% (median 17.2%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 0.0% of the debt in 2025. The policy rate averaged 4.30 % the same year. This is a plain description of what the debt cost, not a model of interest sensitivity.
See interest rates, prices and exchange rates for the sector
Data quality
- critical Negative equity
Scenario analysis: the sector's weakest year
The operating margin was −49.4% in 2025 (sector median 16.0%), and the equity ratio −73.0%. The company had a loss before tax that year. In the other years the operating margin averaged −11.3%.
The sector's weakest year was 2025, with a median operating margin of 16.0%. Based on the 5 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 10 | weight 30% |
|---|---|---|
| Solidity | 0 | weight 25% |
| Liquidity | 22 | weight 15% |
| Growth | 7 | weight 15% |
| Consistency | 16 | weight 15% |
Durability: 20 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Rakkestad Biovarme AS?
The operating margin was −49.4% in 2025, against a median of 17.2% among companies in the Morning class Micro in the same sector. Return on assets was −46.6%. The company made a loss before tax.
How solid is Rakkestad Biovarme AS?
The equity ratio was −73.0% in 2025 (median 38.0%). Equity is negative, so liabilities exceed assets.
What is the liquidity of Rakkestad Biovarme AS like?
The current ratio was 0.98 in 2025 (median 1.98). Current assets did not cover current liabilities.
How does Rakkestad Biovarme AS compare in Kraft og energi?
Rakkestad Biovarme AS ranks 862 of 866 in Kraft og energi for 2025. Among companies in the Morning class Micro it is number 436 of 438. Revenue changed by −37.5% from the year before.
From the Central Coordinating Register
- Org. no.
- 899327292
- Legal form
- AS
- Sector
- Kraft og energi (35.300)
- Morning company class
- Micro
- Employees
- 0–4 (not registered)
- Founded
- 17 December 2012 13 years in operation
- Share capital
- 0.10 MNOK
- Business address
- Rudskogen Næringspark, 1890 RAKKESTAD
- Municipality
- Rakkestad rank 20–35 of 40 in KOSTRA group 1
- Audit
- Audit opted out from 5 January 2013
- Latest accounts filed
- 2025
Source: Central Coordinating Register, Brønnøysund Register Centre. The employee count is reported by the company and may be older than the accounts. See the company at the Brønnøysund Register Centre
Ownership and roles
Loading roles …
Source: Central Coordinating Register, fetched 2 November 2026. Only names are shown.
Owners and shareholdings will appear here once the shareholder data extract is in place.
Coming · not built yet
Error in the data?
Do you see an error in the figures or in how the company is mapped (sector, holding, group)? Let us know. Corrections require documentation.
Figures last fetched 30 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 10 | 42 | 10 | |
| Rank | 811 | 587 | 862 | |
| Operating margin | −28.1% | 5.5% | −49.4% | |
| Return on assets | −23.2% | 7.4% | −46.6% | |
| Equity ratio | −26.8% | −23.0% | −73.0% | |
| Current ratio | 1.28 | 1.85 | 0.98 | |
| Revenue growth | – | 44.4% | −37.5% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 2.3 MNOK | 3.3 MNOK | 2.1 MNOK |
| Operating profit | −0.6 MNOK | 0.2 MNOK | −1.0 MNOK |
| Profit before tax | −0.6 MNOK | 0.2 MNOK | −1.0 MNOK |
| Net profit | −0.6 MNOK | 0.2 MNOK | −1.0 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Total assets | 2.8 MNOK | 2.5 MNOK | 2.2 MNOK |
| Current assets | 1.5 MNOK | 1.4 MNOK | 1.2 MNOK |
| Equity | −0.7 MNOK | −0.6 MNOK | −1.6 MNOK |
| Retained earnings | −0.8 MNOK | −0.7 MNOK | −1.7 MNOK |
| Total liabilities | 3.5 MNOK | 3.1 MNOK | 3.8 MNOK |
| Current liabilities | 1.2 MNOK | 0.8 MNOK | 1.3 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 30 October 2026, accounts id 6660762.
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