Reen AS
Accounts for 2025 are missing. The deadline was 31 July 2026. The Brønnøysund Register Centre does not publish when accounts arrived, only the latest year filed.
Score · fiscal year 2024
17of 100
How to read this: the company is ahead of 6 % of companies in the Morning class Small in the same sector in 2024. What does this mean?
Rank in the Morning class Small: 6,723 of 7,157 · What are Morning company classes?
Place in the whole sector: 20,781 of 22,221 · Handel
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 3 and solidity 5 out of 100 among companies in the Morning class Small in the same sector in 2024. Methodology
Against the sector
Reen AS is 34 points below the median for companies in the Morning class Small in the same sector in 2024.
Median score 51 among 7,157 companies.
Against companies in the Morning class Small in the same sector in 2024: operating margin −74.2% (median 3.1%) and equity ratio 1.0% (median 36.3%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 39 MNOK | 20 MNOK |
| Operating margin | −74.2% | 3.1% |
| Profit margin | −97.6% | 2.7% |
| Return on assets | −19.4% | 8.9% |
| Equity ratio | 1.0% | 36.3% |
| Debt-to-equity | 101.59 | 1.53 |
| Current ratio | 0.38 | 1.71 |
| Revenue growth | 27.7% | 3.9% |
| Revenue per employee | 1.08 MNOK | 2.05 MNOK |
The median and “ahead of” refer to companies in the Morning class Small in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
With an index of 17, Reen AS does better than 6% of companies in the Morning class Small in the same sector (7,157 companies) in 2024.
Score 2022–2024
- Reen AS
- Median: companies in the Morning class Small in the same sector
Reen AS has a score of 17 for 2024, rank 20,781 of 22,221 in the sector.
Strongest: Growth: percentile 86 against peers, revenue growth 27.7% against a median of 3.9%.
Weakest: Liquidity: percentile 1 against peers, current ratio 0.38 against a median of 1.71. Profitability: percentile 3 against peers, operating margin −74.2% against a median of 3.1%.
Worth a closer look
- Consider strengthening liquidity: current liabilities are 2.6 times current assets. Based on: current ratio 0.38 (median 1.71).
- The equity ratio is very low. Could the company absorb a bad year, and does it need more equity? Based on: equity ratio 1.0% (median 36.3%).
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin −97.6% (median 2.7%).
- 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
What the numbers say
Reen AS had an operating margin of −74.2% and an equity ratio of 1.0% in 2024, and ranks 20,781 of 22,221 in Handel.
From 2023 to 2024: the operating margin rose from −91.9% to −74.2% and revenue grew by 28%.
Reen AS did weaker than the sector in 2022, the sector's weakest year.
This text is generated automatically from the 2024 accounts.
Three simple methods
One method gives a figure: 1 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 1 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
- critical
Consider strengthening liquidity: current liabilities are 2.6 times current assets.
Based on: Current ratio 0.38 (median 1.71).
- watch
The equity ratio is very low. Could the company absorb a bad year, and does it need more equity?
Based on: Equity ratio 1.0% (median 36.3%).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −97.6% (median 2.7%).
- 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 −74.2% (median 3.1%).
- 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 27.7% (median 3.9%); Current ratio 0.38 (median 1.71).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 7.7% of the debt in 2024. The policy rate averaged 4.50 % 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
No anomalies found in the figures.
Scenario analysis: the sector's weakest year
The operating margin was −97.4% in 2022 (sector median 1.5%), and the equity ratio 25.1%. The company had a loss before tax that year. In the other years the operating margin averaged −83.0%.
The sector's weakest year was 2022, with a median operating margin of 1.5%. Based on the 11 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 3 | weight 30% |
|---|---|---|
| Solidity | 5 | weight 25% |
| Liquidity | 1 | weight 15% |
| Growth | 86 | weight 15% |
| Consistency | 13 | weight 15% |
Durability: 19 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Reen AS?
The operating margin was −74.2% in 2024, against a median of 3.1% among companies in the Morning class Small in the same sector. Return on assets was −19.4%. The company made a loss before tax.
How solid is Reen AS?
The equity ratio was 1.0% in 2024 (median 36.3%). Debt-to-equity was 101.59 (median 1.53).
What is the liquidity of Reen AS like?
The current ratio was 0.38 in 2024 (median 1.71). Current assets did not cover current liabilities.
How does Reen AS compare in Handel?
Reen AS ranks 20,781 of 22,221 in Handel for 2024. Among companies in the Morning class Small it is number 6,723 of 7,157. Revenue changed by 27.7% from the year before.
Group accounts · 2024
12 of 100
Rank 10 of 10 groups in the Morning class Small in Handel. Groups are ranked only against other groups in the same sector and class, never against single companies.
- Operating revenue, group
- 41 MNOK
- Operating profit, group
- −26 MNOK
- Profit before tax, group
- −37 MNOK
- Total assets, group
- 114 MNOK
- Equity, group
- −12 MNOK
| Key figure | The group | The company alone (2024) |
|---|---|---|
| Operating margin | −63.4% | −74.2% |
| Return on assets | −22.9% | −19.4% |
| Equity ratio | −10.6% | 1.0% |
| Current ratio | 0.55 | 0.38 |
| Revenue growth | – | 27.7% |
Same formulas and weights as the company index. Group and company are never added together, and the group accounts are not part of sector averages or company rankings.
Source: Brønnøysund Register Centre, group accounts 2024 (open data, NLOD 2.0).
We do not show the group structure, because open data does not say who owns whom.
Public contracts
- Contracts awarded since 2024
- 1
- Total awarded value since 2024
- 3.7 MNOK
| Date | Buyer | Notice | Value |
|---|---|---|---|
| 28 January 2026 | Sirkula IKS | Nivåmåling av oppsamlingsløsninger for avfall - Innsikt | 3.7 MNOK |
Based on notices in Doffin. Does not show call-offs under framework agreements or purchases below the publication threshold. Values are as stated by the buyer.
Source: Doffin (DFØ), fetched 27 October 2026. Winners are matched on organisation number.
Contains data under the Norwegian licence for public data (NLOD 2.0) made available by Doffin/the Norwegian Agency for Public and Financial Management (DFØ). NLOD 2.0
From the Central Coordinating Register
- Org. no.
- 922062579
- Legal form
- AS
- Sector
- Handel (46.500)
- Morning company class
- Small
- Employees
- 36 registered 10 October 2026
- Founded
- 10 January 2019 7 years in operation
- Share capital
- 0.38 MNOK
- Business address
- Nedre Fritzøegate 2, 3264 LARVIK
- Municipality
- Larvik rank 4 of 10 in KOSTRA group 11
- Latest accounts filed
- 2024
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
Loading roles …
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 · 2022–2024
| Key figure | 2022 | 2023 | 2024 | Trend |
|---|---|---|---|---|
| Index | 26 | 14 | 17 | |
| Rank | 230 | 19,442 | 20,781 | |
| Operating margin | −97.4% | −91.9% | −74.2% | |
| Return on assets | −42.3% | −34.6% | −19.4% | |
| Equity ratio | 25.1% | 1.5% | 1.0% | |
| Current ratio | 1.38 | 0.18 | 0.38 | |
| Revenue growth | – | 27.7% | 27.7% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2022 | 2023 | 2024 |
|---|---|---|---|
| Operating revenue | 23.9 MNOK | 30.5 MNOK | 39.0 MNOK |
| Operating profit | −23.3 MNOK | −28.0 MNOK | −28.9 MNOK |
| Profit before tax | −25.6 MNOK | −32.1 MNOK | −38.0 MNOK |
| Net profit | −25.6 MNOK | −32.1 MNOK | −38.0 MNOK |
| Financial expenses | 2.8 MNOK | 5.0 MNOK | 10.7 MNOK |
| Total assets | 53.8 MNOK | 78.4 MNOK | 141.1 MNOK |
| Current assets | 10.0 MNOK | 9.0 MNOK | 24.7 MNOK |
| Equity | 13.5 MNOK | 1.2 MNOK | 1.4 MNOK |
| Retained earnings | −11.6 MNOK | −43.7 MNOK | −32.6 MNOK |
| Total liabilities | 40.3 MNOK | 77.2 MNOK | 139.7 MNOK |
| Current liabilities | 7.2 MNOK | 50.6 MNOK | 64.4 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 6317379.
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