NORGESGRUPPEN FORNYBAR AS
Score · fiscal year 2024
69of 100
How to read this: the company is ahead of 91 % of small companies in the same sector in 2024. What does this mean?
Rank: 132 of 1,488 · Kraft og energi
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 80 and solidity 77 out of 100 among small companies in the same sector in 2024. Methodology
Against the sector
NORGESGRUPPEN FORNYBAR AS is 19 points above the median for small companies in the same sector in 2024.
Median score 50 among 1,228 companies.
Against small companies in the same sector in 2024: operating margin 46.1% (median 13.9%) and equity ratio 81.2% (median 36.7%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 43 MNOK | 2 MNOK |
| Operating margin | 46.1% | 13.9% |
| Profit margin | 40.0% | 5.3% |
| Return on assets | 8.1% | 1.5% |
| Equity ratio | 81.2% | 36.7% |
| Debt-to-equity | 0.23 | 1.07 |
| Current ratio | 5.65 | 1.65 |
| Revenue growth | −31.9% | −9.4% |
The median and “ahead of” refer to small companies in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
With an index of 69, NORGESGRUPPEN FORNYBAR AS does better than 91% of small companies in the same sector (1,231 companies) in 2024.
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 46.1% and an equity ratio of 81.2% in 2024, and ranks 132 of 1,488 in Kraft og energi.
From 2023 to 2024: the operating margin fell from 64.5% to 46.1% and revenue fell by 32%.
NORGESGRUPPEN FORNYBAR AS did better than the sector in 2025, the sector's weakest year.
This text is generated automatically from the 2024 accounts.
Three simple methods
The methods give between 119 MNOK and 245 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 217 MNOK |
| EV/EBIT | 8.0 | 119 MNOK |
| P/B | 1.0 | 245 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 46.1% (median 13.9%); Equity ratio 81.2% (median 36.7%); Current ratio 5.65 (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 | 80 | weight 30% |
|---|---|---|
| Solidity | 77 | weight 25% |
| Liquidity | 79 | weight 15% |
| Growth | 15 | weight 15% |
| Consistency | 77 | weight 15% |
Durability: 74 (average over 2 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is NORGESGRUPPEN FORNYBAR AS?
The operating margin was 46.1% in 2024, against a median of 13.9% among small companies in the same sector. Return on assets was 8.1%.
How solid is NORGESGRUPPEN FORNYBAR AS?
The equity ratio was 81.2% in 2024 (median 36.7%). Debt-to-equity was 0.23 (median 1.07).
What is the liquidity of NORGESGRUPPEN FORNYBAR AS like?
The current ratio was 5.65 in 2024 (median 1.65).
How does NORGESGRUPPEN FORNYBAR AS compare in Kraft og energi?
NORGESGRUPPEN FORNYBAR AS ranks 132 of 1,488 in Kraft og energi for 2024. Among companies of the same size (small companies) it ranks 113 of 1,231. Revenue changed by −31.9% 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.
- 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 6094057.
Further
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