NORGESGRUPPEN FORNYBAR AS
Score · fiscal year 2023
78of 100
How to read this: the company is ahead of 95 % of small companies in the same sector in 2023. What does this mean?
Rank: 76 of 1,405 · Kraft og energi
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2023, not a verdict on the company. Based on profitability 86 and solidity 73 out of 100 among small companies in the same sector in 2023. Methodology
Against the sector
NORGESGRUPPEN FORNYBAR AS is 29 points above the median for small companies in the same sector in 2023.
Median score 49 among 1,151 companies.
Against small companies in the same sector in 2023: operating margin 64.5% (median 21.3%) and equity ratio 76.3% (median 38.5%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 64 MNOK | 3 MNOK |
| Operating margin | 64.5% | 21.3% |
| Profit margin | 69.3% | 16.3% |
| Return on assets | 15.2% | 3.1% |
| Equity ratio | 76.3% | 38.5% |
| Debt-to-equity | 0.31 | 1.02 |
| Current ratio | 4.92 | 1.65 |
| Revenue growth | – | – |
The median and “ahead of” refer to small companies in the same sector in 2023. The bar shows the share of companies the figure is ahead of.
With an index of 78, NORGESGRUPPEN FORNYBAR AS does better than 95% of small companies in the same sector (1,156 companies) in 2023.
Score 2023–2025
- NORGESGRUPPEN FORNYBAR AS
- Median: small companies in the same sector
What the numbers say
NORGESGRUPPEN FORNYBAR AS had an operating margin of 64.5% and an equity ratio of 76.3% in 2023, and ranks 76 of 1,405 in Kraft og energi.
NORGESGRUPPEN FORNYBAR AS did better than the sector in 2025, the sector's weakest year.
This text is generated automatically from the 2023 accounts.
Three simple methods
The methods give between 223 MNOK and 275 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 260 MNOK |
| EV/EBIT | 8.0 | 275 MNOK |
| P/B | 1.0 | 223 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
- positive
Upper quartile on profitability, solidity and liquidity. What sets this company apart from the rest of the sector?
Based on: Operating margin 64.5% (median 21.3%); Equity ratio 76.3% (median 38.5%); Current ratio 4.92 (median 1.65).
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
The operating margin was 37.3% in 2025 (sector median 12.6%), and the equity ratio 78.3%. In the other years the operating margin averaged 55.3%.
The sector's weakest year was 2025, with a median operating margin of 12.6%. 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 | 86 | weight 30% |
|---|---|---|
| Solidity | 73 | weight 25% |
| Liquidity | 78 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 71 | weight 15% |
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is NORGESGRUPPEN FORNYBAR AS?
The operating margin was 64.5% in 2023, against a median of 21.3% among small companies in the same sector. Return on assets was 15.2%.
How solid is NORGESGRUPPEN FORNYBAR AS?
The equity ratio was 76.3% in 2023 (median 38.5%). Debt-to-equity was 0.31 (median 1.02).
What is the liquidity of NORGESGRUPPEN FORNYBAR AS like?
The current ratio was 4.92 in 2023 (median 1.65).
How does NORGESGRUPPEN FORNYBAR AS compare in Kraft og energi?
NORGESGRUPPEN FORNYBAR AS ranks 76 of 1,405 in Kraft og energi for 2023. Among companies of the same size (small companies) it ranks 56 of 1,156.
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.
- 916286074
- Legal form
- AS · part of a group
- Sector
- Kraft og energi (35.122)
- Size tier
- small
- Employees
- 0–4 (not registered)
- Founded
- 31 August 2015 11 years in operation
- Share capital
- 0.10 MNOK
- Business address
- Skurvemarka 21, 4331 ÅLGÅRD (GJESDAL)
- Municipality
- Gjesdal rank 3–16 of 38 in KOSTRA group 7
- 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
- Chief executive
- Ronny Johnsrød
- Chair of the board
- Stein Rømmerud
- Board member
- Signe Bunkholt Sæter
- Board member
- Vibeke Lundby
- Board member
- Finn Torstein Dybvik
- Board member
- Bjørn Strand
- Auditor
- ERNST & YOUNG AS
- Accountant
- NORGESGRUPPEN REGNSKAP 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 | 78 | 69 | 71 | |
| Rank | 76 | 132 | 136 | |
| Operating margin | 64.5% | 46.1% | 37.3% | |
| Return on assets | 15.2% | 8.1% | 6.5% | |
| Equity ratio | 76.3% | 81.2% | 78.3% | |
| Current ratio | 4.92 | 5.65 | 5.25 | |
| Revenue growth | – | −31.9% | 4.2% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 63.9 MNOK | 43.5 MNOK | 45.3 MNOK |
| Operating profit | 41.2 MNOK | 20.1 MNOK | 16.9 MNOK |
| Profit before tax | 44.3 MNOK | 17.4 MNOK | 18.9 MNOK |
| Net profit | 26.0 MNOK | 21.7 MNOK | 8.3 MNOK |
| Financial expenses | 0.1 MNOK | 7.0 MNOK | 2.2 MNOK |
| Total assets | 292.5 MNOK | 301.8 MNOK | 323.4 MNOK |
| Current assets | 71.6 MNOK | 84.7 MNOK | 64.3 MNOK |
| Equity | 223.3 MNOK | 244.9 MNOK | 253.2 MNOK |
| Retained earnings | 56.0 MNOK | 77.7 MNOK | 86.0 MNOK |
| Total liabilities | 69.2 MNOK | 56.9 MNOK | 70.2 MNOK |
| Current liabilities | 14.6 MNOK | 15.0 MNOK | 12.3 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 4788863.
Further
Similar companies
- HELGANES KRAFT AS index 78, rank 77 · compare
- HORPEDAL KRAFT AS index 78, rank 78 · compare
- REN ENERGI RAMSLAND AS index 78, rank 79 · compare
- GRENDA HUSET AS index 78, rank 80 · compare
- ROLF HEGNA AS index 78, rank 81 · compare