Plugpay AS
Score · fiscal year 2025
32of 100
How to read this: the company is ahead of 11 % of companies in the Morning class Small in the same sector in 2025. What does this mean?
Rank in the Morning class Small: 152 of 171 · What are Morning company classes?
Place in the whole sector: 747 of 865 · Kraft og energi
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 7 out of 100 among companies in the Morning class Small in the same sector in 2025. Methodology
Against the sector
Plugpay AS is 19 points below the median for companies in the Morning class Small in the same sector in 2025.
Median score 51 among 171 companies.
Against companies in the Morning class Small in the same sector in 2025: operating margin −0.2% (median 14.3%) and equity ratio 2.2% (median 36.6%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 39 MNOK | 23 MNOK |
| Operating margin | −0.2% | 14.3% |
| Profit margin | −0.4% | 14.6% |
| Return on assets | 0.5% | 6.0% |
| Equity ratio | 2.2% | 36.6% |
| Debt-to-equity | 44.31 | 1.60 |
| Current ratio | 0.96 | 1.34 |
| Revenue growth | 22.5% | 9.3% |
The median and “ahead of” refer to companies in the Morning class Small in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 32, Plugpay AS does better than 11% of companies in the Morning class Small in the same sector (171 companies) in 2025.
Score 2023–2025
- Plugpay AS
- Median: companies in the Morning class Small in the same sector
Plugpay AS has a score of 32 for 2025, rank 747 of 865 in the sector.
Strongest: Growth: percentile 72 against peers, revenue growth 22.5% against a median of 9.3%.
Weakest: Solidity: percentile 7 against peers, equity ratio 2.2% against a median of 36.6%. Profitability: percentile 28 against peers, operating margin −0.2% against a median of 14.3%.
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 2.2% (median 36.6%).
- Consider strengthening liquidity: current liabilities are 1.0 times current assets. Based on: current ratio 0.96 (median 1.34).
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin −0.4% (median 14.6%).
- What lies behind weak solidity, 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
Plugpay AS had an operating margin of −0.2% and an equity ratio of 2.2% in 2025, and ranks 747 of 865 in Kraft og energi.
From 2024 to 2025: the operating margin rose from −9.7% to −0.2% and revenue grew by 23%.
Plugpay AS did weaker than the sector in 2025, the sector's weakest year.
This text is generated automatically from the 2025 accounts.
Three simple methods
One method gives a figure: 0 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 0 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 2.2% (median 36.6%).
- watch
Consider strengthening liquidity: current liabilities are 1.0 times current assets.
Based on: Current ratio 0.96 (median 1.34).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −0.4% (median 14.6%).
- 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 22.5% (median 9.3%); Current ratio 0.96 (median 1.34).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 1.7% of the debt in 2025. The policy rate averaged 4.30 % 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 −0.2% in 2025 (sector median 16.1%), and the equity ratio 2.2%. The company had a loss before tax that year. In the other years the operating margin averaged −8.9%.
The sector's weakest year was 2025, with a median operating margin of 16.1%. 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 | 7 | weight 25% |
| Liquidity | 30 | weight 15% |
| Growth | 72 | weight 15% |
| Consistency | 42 | weight 15% |
Durability: 23 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Plugpay AS?
The operating margin was −0.2% in 2025, against a median of 14.3% among companies in the Morning class Small in the same sector. Return on assets was 0.5%. The company made a loss before tax.
How solid is Plugpay AS?
The equity ratio was 2.2% in 2025 (median 36.6%). Debt-to-equity was 44.31 (median 1.60).
What is the liquidity of Plugpay AS like?
The current ratio was 0.96 in 2025 (median 1.34). Current assets did not cover current liabilities.
How does Plugpay AS compare in Kraft og energi?
Plugpay AS ranks 747 of 865 in Kraft og energi for 2025. Among companies in the Morning class Small it is number 152 of 171. Revenue changed by 22.5% from the year before.
From the Central Coordinating Register
- Org. no.
- 923847774
- Legal form
- AS
- Sector
- Kraft og energi (35.150)
- Morning company class
- Small
- Employees
- 0–4 (not registered)
- Founded
- 7 November 2019 6 years in operation
- Share capital
- 0.40 MNOK
- Business address
- Brobekkveien 114, 0582 OSLO
- Municipality
- Oslo rank 63–220 of 357 in Norway
- 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
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 · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 11 | 28 | 32 | |
| Rank | 806 | 756 | 747 | |
| Operating margin | −8.2% | −9.7% | −0.2% | |
| Return on assets | −15.7% | −17.1% | 0.5% | |
| Equity ratio | −3.2% | −1.2% | 2.2% | |
| Current ratio | 0.85 | 1.23 | 0.96 | |
| Revenue growth | – | 23.1% | 22.5% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 25.8 MNOK | 31.7 MNOK | 38.8 MNOK |
| Operating profit | −2.1 MNOK | −3.1 MNOK | −0.1 MNOK |
| Profit before tax | −2.0 MNOK | −2.9 MNOK | −0.2 MNOK |
| Net profit | −1.6 MNOK | −2.3 MNOK | −0.1 MNOK |
| Financial expenses | 0.1 MNOK | 0.1 MNOK | 0.2 MNOK |
| Total assets | 12.3 MNOK | 16.6 MNOK | 13.5 MNOK |
| Current assets | 10.8 MNOK | 15.6 MNOK | 12.6 MNOK |
| Equity | −0.4 MNOK | −0.2 MNOK | 0.3 MNOK |
| Retained earnings | −0.8 MNOK | −0.6 MNOK | −0.1 MNOK |
| Total liabilities | 12.7 MNOK | 16.8 MNOK | 13.2 MNOK |
| Current liabilities | 12.7 MNOK | 12.6 MNOK | 13.2 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 6738502.
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