Kogen AS
Score · fiscal year 2024
71of 100
How to read this: the company is ahead of 93 % of companies in the Morning class Small in the same sector in 2024. What does this mean?
Rank in the Morning class Small: 12 of 156 · What are Morning company classes?
Place in the whole sector: 67 of 839 · Kraft og energi
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 81 and solidity 45 out of 100 among companies in the Morning class Small in the same sector in 2024. Methodology
Against the sector
Kogen AS is 20 points above the median for companies in the Morning class Small in the same sector in 2024.
Median score 51 among 156 companies.
Against companies in the Morning class Small in the same sector in 2024: operating margin 20.9% (median 10.3%) and equity ratio 36.7% (median 40.5%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 26 MNOK | 21 MNOK |
| Operating margin | 20.9% | 10.3% |
| Profit margin | 20.2% | 14.5% |
| Return on assets | 48.4% | 4.8% |
| Equity ratio | 36.7% | 40.5% |
| Debt-to-equity | 1.72 | 1.38 |
| Current ratio | 1.47 | 1.33 |
| Revenue growth | 329.7% | −5.1% |
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 71, Kogen AS does better than 93% of companies in the Morning class Small in the same sector (156 companies) in 2024.
Score 2023–2025
- Kogen AS
- Median: companies in the Morning class Small in the same sector
What the numbers say
Kogen AS had an operating margin of 20.9% and an equity ratio of 36.7% in 2024, and ranks 67 of 839 in Kraft og energi.
From 2023 to 2024: revenue grew by 330% and the equity ratio rose from 7.1% to 36.7%.
Kogen AS did about the same as 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 4 MNOK and 45 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 40 MNOK |
| EV/EBIT | 8.0 | 45 MNOK |
| P/B | 1.0 | 4 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
No rules were triggered for this year.
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 2.6% 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 14.0% in 2025 (sector median 16.1%), and the equity ratio 0.8%. In the other years the operating margin averaged 19.8%.
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 | 81 | weight 30% |
|---|---|---|
| Solidity | 45 | weight 25% |
| Liquidity | 54 | weight 15% |
| Growth | 95 | weight 15% |
| Consistency | 82 | weight 15% |
Durability: 52 (average over 2 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Kogen AS?
The operating margin was 20.9% in 2024, against a median of 10.3% among companies in the Morning class Small in the same sector. Return on assets was 48.4%.
How solid is Kogen AS?
The equity ratio was 36.7% in 2024 (median 40.5%). Debt-to-equity was 1.72 (median 1.38).
What is the liquidity of Kogen AS like?
The current ratio was 1.47 in 2024 (median 1.33).
How does Kogen AS compare in Kraft og energi?
Kogen AS ranks 67 of 839 in Kraft og energi for 2024. Among companies in the Morning class Small it is number 12 of 156. Revenue changed by 329.7% from the year before.
From the Central Coordinating Register
- Org. no.
- 931693980
- Legal form
- AS
- Sector
- Kraft og energi (35.110)
- Morning company class
- Small
- Employees
- 0–4 (not registered)
- Founded
- 12 June 2023 3 years in operation
- Share capital
- 0.03 MNOK
- Business address
- Ljøsøyvegen 75, 5337 RONG (ØYGARDEN)
- Municipality
- Øygarden rank 1–6 of 13 in KOSTRA group 10
- Latest accounts filed
- 2025
- LEI
- 984500B90CE9BCJ36074 renews 16 October 2027
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.
- Parent company
- No known owner
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 31 October 2026. The parent is the one the company itself reported to GLEIF.
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 27 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 34 | 71 | 37 | |
| Rank | 645 | 67 | 650 | |
| Operating margin | 18.7% | 20.9% | 14.0% | |
| Return on assets | 9.1% | 48.4% | 19.7% | |
| Equity ratio | 7.1% | 36.7% | 0.8% | |
| Current ratio | 1.07 | 1.47 | 0.92 | |
| Revenue growth | – | 329.7% | −10.5% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 6.0 MNOK | 25.7 MNOK | 23.0 MNOK |
| Operating profit | 1.1 MNOK | 5.4 MNOK | 3.2 MNOK |
| Profit before tax | 1.1 MNOK | 5.2 MNOK | 3.3 MNOK |
| Net profit | 0.8 MNOK | 4.0 MNOK | 2.6 MNOK |
| Financial expenses | 0.0 MNOK | 0.2 MNOK | 0.0 MNOK |
| Total assets | 12.2 MNOK | 11.1 MNOK | 16.8 MNOK |
| Current assets | 9.9 MNOK | 9.2 MNOK | 15.3 MNOK |
| Equity | 0.9 MNOK | 4.1 MNOK | 0.1 MNOK |
| Retained earnings | 0.8 MNOK | 4.1 MNOK | 0.1 MNOK |
| Total liabilities | 11.4 MNOK | 7.0 MNOK | 16.6 MNOK |
| Current liabilities | 9.2 MNOK | 6.3 MNOK | 16.6 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 27 October 2026, accounts id 5492559.
Further
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