WELLTEC OILFIELD SERVICES (NORWAY) AS
Score · fiscal year 2025
44of 100
How to read this: the company is ahead of 40 % of medium-sized companies in the same sector in 2025. What does this mean?
Rank: 348 of 584 · Olje og gass
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 61 and solidity 11 out of 100 among medium-sized companies in the same sector in 2025. Methodology
Against the sector
WELLTEC OILFIELD SERVICES (NORWAY) AS is 7 points below the median for medium-sized companies in the same sector in 2025.
Median score 51 among 132 companies.
Against medium-sized companies in the same sector in 2025: operating margin 4.6% (median 6.3%) and equity ratio 3.6% (median 43.2%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 857 MNOK | 229 MNOK |
| Operating margin | 4.6% | 6.3% |
| Profit margin | 3.8% | 6.0% |
| Return on assets | 19.9% | 9.3% |
| Equity ratio | 3.6% | 43.2% |
| Debt-to-equity | 26.65 | 1.17 |
| Current ratio | 0.96 | 1.32 |
| Revenue growth | 24.9% | 4.8% |
| Revenue per employee | 7.65 MNOK | 3.89 MNOK |
The median and “ahead of” refer to medium-sized companies in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 44, WELLTEC OILFIELD SERVICES (NORWAY) AS does better than 40% of medium-sized companies in the same sector (132 companies) in 2025.
Score 2023–2025
- WELLTEC OILFIELD SERVICES (NORWAY) AS
- Median: medium-sized companies in the same sector
What the numbers say
WELLTEC OILFIELD SERVICES (NORWAY) AS had an operating margin of 4.6% and an equity ratio of 3.6% in 2025, and ranks 348 of 584 in Olje og gass.
From 2024 to 2025: revenue grew by 25%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 8 MNOK and 324 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 252 MNOK |
| EV/EBIT | 8.0 | 324 MNOK |
| P/B | 1.0 | 8 MNOK |
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
- watch
The equity ratio is very low. Could the company absorb a bad year, and does it need more equity?
Based on: Equity ratio 3.6% (median 43.2%).
- watch
Consider strengthening liquidity: current liabilities are 1.0 times current assets.
Based on: Current ratio 0.96 (median 1.32).
- watch
Strong growth with weak liquidity. Is the growth financed, or does it tie up capital the company does not have?
Based on: Revenue growth 24.9% (median 4.8%); Current ratio 0.96 (median 1.32).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Data quality
No anomalies found in the figures.
Scenario analysis: the sector's weakest year
We have no accounts for 2022, the sector's weakest year, for this company.
The sector's weakest year was 2022, with a median operating margin of 1.5%. 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 | 61 | weight 30% |
|---|---|---|
| Solidity | 11 | weight 25% |
| Liquidity | 25 | weight 15% |
| Growth | 72 | weight 15% |
| Consistency | 56 | weight 15% |
Durability: 37 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is WELLTEC OILFIELD SERVICES (NORWAY) AS?
The operating margin was 4.6% in 2025, against a median of 6.3% among medium-sized companies in the same sector. Return on assets was 19.9%.
How solid is WELLTEC OILFIELD SERVICES (NORWAY) AS?
The equity ratio was 3.6% in 2025 (median 43.2%). Debt-to-equity was 26.65 (median 1.17).
What is the liquidity of WELLTEC OILFIELD SERVICES (NORWAY) AS like?
The current ratio was 0.96 in 2025 (median 1.32). Current assets did not cover current liabilities.
How does WELLTEC OILFIELD SERVICES (NORWAY) AS compare in Olje og gass?
WELLTEC OILFIELD SERVICES (NORWAY) AS ranks 348 of 584 in Olje og gass for 2025. Among companies of the same size (medium-sized companies) it ranks 79 of 132. Revenue changed by 24.9% from the year before.
From the Central Coordinating Register
- Org. no.
- 914426235
- Legal form
- AS
- Sector
- Olje og gass (09.101)
- Size tier
- medium
- Employees
- 112 registered 10 October 2026
- Founded
- 22 October 2014 12 years in operation
- Share capital
- 3.00 MNOK
- Business address
- Lønningsflaten 1, 5258 BLOMSTERDALEN (BERGEN)
- Municipality
- Bergen rank 8 of 11 in KOSTRA group 12
- Latest accounts filed
- 2025
- Website
- www.welltec.com
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
- Chief executive
- Jon-Erik Stølen Rustan
- Chair of the board
- Tommy Eikeland
- Board member
- Sindre Teige Nes
- Board member
- Christine Netland Øxnevad
- Board member
- Michael Christensen
- Board member
- Trine Dyhr Hansen
- Deputy member
- Karoline Jensen
- Deputy member
- Mons Petter Hope
- Auditor
- PRICEWATERHOUSECOOPERS AS
Source: Central Coordinating Register, fetched 25 October 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 26 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 35 | 33 | 44 | |
| Rank | 415 | 470 | 348 | |
| Operating margin | 5.6% | 4.3% | 4.6% | |
| Return on assets | 25.4% | 19.0% | 19.9% | |
| Equity ratio | 3.9% | 4.3% | 3.6% | |
| Current ratio | 0.99 | 1.00 | 0.96 | |
| Revenue growth | – | −16.9% | 24.9% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 825.5 MNOK | 686.3 MNOK | 857.2 MNOK |
| Operating profit | 46.3 MNOK | 29.7 MNOK | 39.5 MNOK |
| Profit before tax | 45.7 MNOK | 28.5 MNOK | 32.4 MNOK |
| Net profit | 35.5 MNOK | 22.0 MNOK | 25.2 MNOK |
| Financial expenses | 4.0 MNOK | 4.6 MNOK | 9.4 MNOK |
| Total assets | 196.0 MNOK | 174.6 MNOK | 210.5 MNOK |
| Current assets | 187.3 MNOK | 167.6 MNOK | 193.8 MNOK |
| Equity | 7.6 MNOK | 7.5 MNOK | 7.6 MNOK |
| Retained earnings | 4.5 MNOK | 4.4 MNOK | 4.5 MNOK |
| Total liabilities | 188.4 MNOK | 167.1 MNOK | 202.9 MNOK |
| Current liabilities | 188.4 MNOK | 167.1 MNOK | 202.9 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 7097705.
Further
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