SPIRIT ENERGY NORWAY AS
Score · fiscal year 2025
23of 100
How to read this: the company is ahead of 9 % of large companies in the same sector in 2025. What does this mean?
Rank: 522 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 28 and solidity 9 out of 100 among large companies in the same sector in 2025. Methodology
Against the sector
SPIRIT ENERGY NORWAY AS is 25 points below the median for large companies in the same sector in 2025.
Median score 48 among 102 companies.
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating margin | – | 10.5% |
| Profit margin | – | 9.4% |
| Return on assets | 3.7% | 12.1% |
| Equity ratio | 3.3% | 27.8% |
| Debt-to-equity | 28.96 | 2.45 |
| Current ratio | 1.03 | 1.11 |
| Revenue growth | – | 3.0% |
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 23, SPIRIT ENERGY NORWAY AS does better than 9% of large companies in the same sector (103 companies) in 2025.
Score 2023–2025
- SPIRIT ENERGY NORWAY AS
- Median: large companies in the same sector
SPIRIT ENERGY NORWAY AS has a score of 23 for 2025, rank 522 of 583 in the sector.
Strongest: Liquidity: percentile 43 against peers, current ratio 1.03 against a median of 1.11.
Weakest: Solidity: percentile 9 against peers, equity ratio 3.3% against a median of 27.8%. Consistency: percentile 20 against peers.
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 3.3% (median 27.8%).
- What lies behind weak solidity, and will it last?
- What lies behind weak consistency, 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
SPIRIT ENERGY NORWAY AS had an operating margin of – and an equity ratio of 3.3% in 2025, and ranks 522 of 583 in Olje og gass.
From 2024 to 2025: went from a loss to a profit before tax.
This text is generated automatically from the 2025 accounts.
Three simple methods
One method gives a figure: 52 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 52 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 3.3% (median 27.8%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Data quality
- watch Revenue not reported
- watch No revenue but large assets
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 | 28 | weight 30% |
|---|---|---|
| Solidity | 9 | weight 25% |
| Liquidity | 43 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 20 | weight 15% |
Durability: 29 (average over 3 years)
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is SPIRIT ENERGY NORWAY AS?
The operating margin was – in 2025, against a median of 10.5% among large companies in the same sector. Return on assets was 3.7%.
How solid is SPIRIT ENERGY NORWAY AS?
The equity ratio was 3.3% in 2025 (median 27.8%). Debt-to-equity was 28.96 (median 2.45).
What is the liquidity of SPIRIT ENERGY NORWAY AS like?
The current ratio was 1.03 in 2025 (median 1.11).
How does SPIRIT ENERGY NORWAY AS compare in Olje og gass?
SPIRIT ENERGY NORWAY AS ranks 522 of 583 in Olje og gass for 2025. Among companies of the same size (large companies) it ranks 94 of 103.
From the Central Coordinating Register
- Org. no.
- 919603771
- Legal form
- AS
- Sector
- Olje og gass (06.100)
- Size tier
- large
- Employees
- 0–4 (not registered)
- Founded
- 13 September 2017 9 years in operation
- Share capital
- 0.03 MNOK
- Business address
- c/o Advokatfirmaet Schjødt AS, Kongsgårdbakken 3, 4005 STAVANGER
- Municipality
- Stavanger rank 5–9 of 11 in KOSTRA group 12
- Latest accounts filed
- 2025
- Website
- www.spirit-energy.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
- Chair of the board
- Nicholas Charles Harrison
- Board member
- Richard Peace
- Auditor
- DELOITTE 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 | 43 | 22 | 23 | |
| Rank | 356 | 525 | 522 | |
| Operating margin | 99.7% | – | – | |
| Return on assets | 7.1% | 5.3% | 3.7% | |
| Equity ratio | 7.1% | 4.2% | 3.3% | |
| Current ratio | 1.08 | 1.04 | 1.03 | |
| Revenue growth | – | – | – |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 44.3 MNOK | – | – |
| Operating profit | 44.1 MNOK | −1.1 MNOK | −9.7 MNOK |
| Profit before tax | 50.0 MNOK | −45.9 MNOK | 3.9 MNOK |
| Net profit | 56.0 MNOK | −61.7 MNOK | −11.6 MNOK |
| Financial expenses | 75.9 MNOK | 126.5 MNOK | 53.8 MNOK |
| Total assets | 1,763.3 MNOK | 1,508.7 MNOK | 1,548.8 MNOK |
| Current assets | 1,763.3 MNOK | 1,508.7 MNOK | 1,548.8 MNOK |
| Equity | 125.0 MNOK | 63.3 MNOK | 51.7 MNOK |
| Retained earnings | −3,274.9 MNOK | −3,336.6 MNOK | −3,348.2 MNOK |
| Total liabilities | 1,638.4 MNOK | 1,445.4 MNOK | 1,497.1 MNOK |
| Current liabilities | 1,638.4 MNOK | 1,445.4 MNOK | 1,497.1 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 7164295.
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