Btg Pool AS
Score · fiscal year 2025
28of 100
How to read this: the company is ahead of 8 % of companies in the Morning class Medium in the same sector in 2025. What does this mean?
Rank in the Morning class Medium: 385 of 417 · What are Morning company classes?
Place in the whole sector: 895 of 1,006 · Sjøfart
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 9 and solidity 5 out of 100 among companies in the Morning class Medium in the same sector in 2025. Methodology
Against the sector
Btg Pool AS is 21 points below the median for companies in the Morning class Medium in the same sector in 2025.
Median score 49 among 417 companies.
Against companies in the Morning class Medium in the same sector in 2025: operating margin −0.2% (median 22.4%) and equity ratio 1.2% (median 42.6%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 339 MNOK | 125 MNOK |
| Operating margin | −0.2% | 22.4% |
| Profit margin | 0.0% | 13.3% |
| Return on assets | 0.0% | 9.5% |
| Equity ratio | 1.2% | 42.6% |
| Debt-to-equity | 80.55 | 1.31 |
| Current ratio | 1.01 | 1.51 |
| Revenue growth | 48.5% | 1.7% |
The median and “ahead of” refer to companies in the Morning class Medium in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 28, Btg Pool AS does better than 8% of companies in the Morning class Medium in the same sector (417 companies) in 2025.
Score 2023–2025
- Btg Pool AS
- Median: companies in the Morning class Medium in the same sector
Btg Pool AS has a score of 28 for 2025, rank 895 of 1,006 in the sector.
Strongest: Growth: percentile 83 against peers, revenue growth 48.5% against a median of 1.7%.
Weakest: Solidity: percentile 5 against peers, equity ratio 1.2% against a median of 42.6%. Profitability: percentile 9 against peers, operating margin −0.2% against a median of 22.4%.
Worth a closer look
- The equity ratio is very low. Could the company absorb a bad year, and does it need more equity? Based on: equity ratio 1.2% (median 42.6%).
- The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors? Based on: operating margin −0.2% (median 22.4%).
- Strong growth with weak liquidity. Is the growth financed, or does it tie up capital the company does not have? Based on: revenue growth 48.5% (median 1.7%); current ratio 1.01 (median 1.51).
- 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
Btg Pool AS had an operating margin of −0.2% and an equity ratio of 1.2% in 2025, and ranks 895 of 1,006 in Sjøfart.
From 2024 to 2025: revenue grew by 48%.
This text is generated automatically from the 2025 accounts.
Three simple methods
One method gives a figure: 0 MUSD.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 0 MUSD |
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 1.2% (median 42.6%).
- 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 −0.2% (median 22.4%).
- 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 48.5% (median 1.7%); Current ratio 1.01 (median 1.51).
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
- watch Reports in a currency other than NOK
Scenario analysis: the sector's weakest year
We have no accounts for 2026, the sector's weakest year, for this company.
The sector's weakest year was 2026, with a median operating margin of 6.1%. Based on the 7 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 9 | weight 30% |
|---|---|---|
| Solidity | 5 | weight 25% |
| Liquidity | 30 | weight 15% |
| Growth | 83 | weight 15% |
| Consistency | 45 | weight 15% |
Durability: 18 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Btg Pool AS?
The operating margin was −0.2% in 2025, against a median of 22.4% among companies in the Morning class Medium in the same sector. Return on assets was 0.0%.
How solid is Btg Pool AS?
The equity ratio was 1.2% in 2025 (median 42.6%). Debt-to-equity was 80.55 (median 1.31).
What is the liquidity of Btg Pool AS like?
The current ratio was 1.01 in 2025 (median 1.51).
How does Btg Pool AS compare in Sjøfart?
Btg Pool AS ranks 895 of 1,006 in Sjøfart for 2025. Among companies in the Morning class Medium it is number 385 of 417. Revenue changed by 48.5% from the year before.
Group accounts
The company is registered as part of a group, but we have no group accounts for it. Group accounts are filed by the parent company, and open data does not say which company that is.
Read the figures with care: a company in a group can look strong because of group contributions, or weak because dividends go up to the parent. The figures are indications, not the full picture.
We do not show the group structure, because open data does not say who owns whom.
From the Central Coordinating Register
- Org. no.
- 914633370
- Legal form
- AS · part of a group
- Sector
- Sjøfart (50.201)
- Morning company class
- Medium
- Employees
- 0–4 (not registered)
- Founded
- 18 November 2014 11 years in operation
- Share capital
- 0.50 MNOK
- Business address
- Zander Kaaes gate 7, 5015 BERGEN
- Municipality
- Bergen rank 8 of 11 in KOSTRA group 12
- 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
- Chair of the board
- Hans Petter Høegh
- Board member
- Torstein Gjærder Bruvik
- Deputy member
- Petter Mowinckel
- Auditor
- Pricewaterhousecoopers AS
Source: Central Coordinating Register, fetched 29 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 | 12 | 15 | 28 | |
| Rank | 858 | 930 | 895 | |
| Operating margin | −0.2% | −0.3% | −0.2% | |
| Return on assets | 0.0% | 0.0% | 0.0% | |
| Equity ratio | 2.1% | 2.0% | 1.2% | |
| Current ratio | 1.02 | 1.02 | 1.01 | |
| Revenue growth | – | −1.7% | 48.5% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (USD). Revenue in NOK is converted from USD at the mean rate for the accounting period 1 January 2025–31 December 2025: 10.3912 (norges_bank). Balance-sheet amounts use the rate on the balance-sheet date. Ratios and growth are computed in USD. Exchange rates at Norges Bank
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 22.4 MUSD | 22.0 MUSD | 32.7 MUSD |
| Operating profit | 0.0 MUSD | −0.1 MUSD | 0.0 MUSD |
| Profit before tax | 0.0 MUSD | 0.0 MUSD | 0.0 MUSD |
| Net profit | 0.0 MUSD | 0.0 MUSD | 0.0 MUSD |
| Financial expenses | – | – | 0.0 MUSD |
| Total assets | 3.3 MUSD | 3.4 MUSD | 5.5 MUSD |
| Current assets | 3.3 MUSD | 3.4 MUSD | 5.5 MUSD |
| Equity | 0.1 MUSD | 0.1 MUSD | 0.1 MUSD |
| Retained earnings | – | – | – |
| Total liabilities | 3.2 MUSD | 3.4 MUSD | 5.4 MUSD |
| Current liabilities | 3.2 MUSD | 3.4 MUSD | 5.4 MUSD |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 6553601.
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