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KISTOS ENERGY (NORWAY) AS

Org. no. 918980946 · BÆRUM · Founded 2017 · 12 employees

Score · fiscal year 2025

18of 100

How to read this: the company is ahead of 6 % of large companies in the same sector in 2025. What does this mean?

Rank: 545 of 583 · Olje og gass

Profile

Beaver · Builder

Lower profitability, lower solidity

Position against comparable companies in 2025, not a verdict on the company. Based on profitability 5 and solidity 5 out of 100 among large companies in the same sector in 2025. Methodology

Against the sector

KISTOS ENERGY (NORWAY) AS is 30 points below the median for large companies in the same sector in 2025.

Median score 48 among 102 companies.

Against large companies in the same sector in 2025: operating margin −8.9% (median 10.5%) and equity ratio 1.4% (median 27.8%).

Source: Register of Company Accounts and Central Coordinating RegisterFetched 26 October 2026Report an issue
Key figures · 2025

The numbers behind the score

The numbers behind the score · 2025
MeasureCompanyMedianAhead of
Operating revenue1,081 MNOK2,369 MNOK
Operating margin −8.9% 10.5% 1 %
Profit margin −8.6% 9.4% shown, not part of the index
Return on assets −0.8% 12.1% 9 %
Equity ratio 1.4% 27.8% 9 %
Debt-to-equity 69.16 2.45 2 %
Current ratio 0.59 1.11 13 %
Revenue growth 14.1% 3.0% 70 %
Revenue per employee90.04 MNOK7.15 MNOK

The median and “ahead of” refer to large companies in the same sector in 2025. The bar shows the share of companies the figure is ahead of.

With an index of 18, KISTOS ENERGY (NORWAY) AS does better than 6% of large companies in the same sector (103 companies) in 2025.

Over time

Score 2023–2025

CompanyMedian0255075100202320242025
  • KISTOS ENERGY (NORWAY) AS
  • Median: large companies in the same sector
Summary analysis

KISTOS ENERGY (NORWAY) AS has a score of 18 for 2025, rank 545 of 583 in the sector.

Strongest: Growth: percentile 70 against peers, revenue growth 14.1% against a median of 3.0%.

Weakest: Profitability: percentile 5 against peers, operating margin −8.9% against a median of 10.5%. Solidity: percentile 5 against peers, equity ratio 1.4% against a median of 27.8%.

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 1.4% (median 27.8%).
  • Consider strengthening liquidity: current liabilities are 1.7 times current assets. Based on: current ratio 0.59 (median 1.11).
  • The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin −8.6% (median 9.4%).
  • What lies behind weak profitability, 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

Analysis · 2025

What the numbers say

KISTOS ENERGY (NORWAY) AS had an operating margin of −8.9% and an equity ratio of 1.4% in 2025, and ranks 545 of 583 in Olje og gass.

From 2024 to 2025: the operating margin fell from 7.5% to −8.9% and revenue grew by 14%.

This text is generated automatically from the 2025 accounts.

Estimated value · 2025

Three simple methods

One method gives a figure: 111 MNOK.

MethodInputMultipleEstimate
P/E Net profit: −9.4 MNOK 10.0 not meaningful
EV/EBIT Operating profit: −95.7 MNOK 8.0 not meaningful
P/B Equity: 111.4 MNOK 1.0 111 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

Indications · 2025

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 1.4% (median 27.8%).

  • watch

    Consider strengthening liquidity: current liabilities are 1.7 times current assets.

    Based on: Current ratio 0.59 (median 1.11).

  • watch

    The company made a loss before tax. Are these one-off items or a pattern?

    Based on: Profit margin −8.6% (median 9.4%).

  • 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 −8.9% (median 10.5%).

Indications based on the latest annual accounts from open data. Not investment or financial advice.

Data quality

No anomalies found in the figures.

Stress test · 2022

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

Components · 2025

What the score is made of

Profitability5 weight 30%
Solidity5 weight 25%
Liquidity13 weight 15%
Growth70 weight 15%
Consistency18 weight 15%

Durability: 26 (average over 3 years)

Index version 2. Data completeness 100%: the share of the weights that had data.

2025

Questions and answers

How profitable is KISTOS ENERGY (NORWAY) AS?

The operating margin was −8.9% in 2025, against a median of 10.5% among large companies in the same sector. Return on assets was −0.8%. The company made a loss before tax.

How solid is KISTOS ENERGY (NORWAY) AS?

The equity ratio was 1.4% in 2025 (median 27.8%). Debt-to-equity was 69.16 (median 2.45).

What is the liquidity of KISTOS ENERGY (NORWAY) AS like?

The current ratio was 0.59 in 2025 (median 1.11). Current assets did not cover current liabilities.

How does KISTOS ENERGY (NORWAY) AS compare in Olje og gass?

KISTOS ENERGY (NORWAY) AS ranks 545 of 583 in Olje og gass for 2025. Among companies of the same size (large companies) it ranks 97 of 103. Revenue changed by 14.1% from the year before.

From the Central Coordinating Register

Org. no.
918980946
Legal form
AS
Sector
Olje og gass (06.100)
Size tier
large
Employees
12 registered 10 June 2026
Founded
3 May 2017 9 years in operation
Share capital
11.92 MNOK
Business address
Strandveien 50, 1366 LYSAKER (BÆRUM)
Municipality
Bærum rank 1–5 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

Chief executive
Sverre Skogen
Chair of the board
Andrew Philip Austin
Board member
Sverre Skogen
Auditor
BDO AS
Accountant
TMF NORWAY 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.

Report an issue

Figures last fetched 26 October 2026.

Details

Year by year · 2023–2025

Key figure202320242025Trend
Index243618
Rank488443545
Operating margin−12.7%7.5%−8.9%
Return on assets−0.7%1.6%−0.8%
Equity ratio4.9%−4.7%1.4%
Current ratio7.421.580.59
Revenue growth–45.7%14.1%

Accounts

From the Brønnøysund Register Centre, in the company's reporting currency (NOK).

Key figure202320242025
Operating revenue649.8 MNOK946.8 MNOK1,080.5 MNOK
Operating profit−82.3 MNOK71.3 MNOK−95.7 MNOK
Profit before tax−506.2 MNOK−737.0 MNOK−92.5 MNOK
Net profit−399.7 MNOK−682.1 MNOK−9.4 MNOK
Financial expenses457.2 MNOK855.6 MNOK33.4 MNOK
Total assets6,754.6 MNOK7,526.8 MNOK7,818.8 MNOK
Current assets1,352.6 MNOK1,124.5 MNOK1,027.0 MNOK
Equity330.5 MNOK−350.1 MNOK111.4 MNOK
Retained earnings−861.2 MNOK−1,543.2 MNOK−1,098.8 MNOK
Total liabilities6,424.1 MNOK7,876.9 MNOK7,707.3 MNOK
Current liabilities182.3 MNOK711.5 MNOK1,735.7 MNOK

Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 7204242.

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