NORICO NORGE AS
Score · fiscal year 2024
17of 100
How to read this: the company is ahead of 8 % of small companies in the same sector in 2024. What does this mean?
Rank: 1,401 of 1,498 · Kraft og energi
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 20 and solidity 0 out of 100 among small companies in the same sector in 2024. Methodology
Against the sector
NORICO NORGE AS is 33 points below the median for small companies in the same sector in 2024.
Median score 50 among 1,238 companies.
Against small companies in the same sector in 2024: operating margin −18.1% (median 13.8%) and equity ratio −8.9% (median 36.8%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 0 MNOK | 2 MNOK |
| Operating margin | −18.1% | 13.8% |
| Profit margin | −23.0% | 4.7% |
| Return on assets | −13.5% | 1.5% |
| Equity ratio | −8.9% | 36.8% |
| Debt-to-equity | – | 1.09 |
| Current ratio | 0.92 | 1.65 |
| Revenue growth | – | −9.5% |
The median and “ahead of” refer to small companies in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
With an index of 17, NORICO NORGE AS does better than 8% of small companies in the same sector (1,241 companies) in 2024.
Score 2024–2025
- NORICO NORGE AS
- Median: small companies in the same sector
What the numbers say
NORICO NORGE AS had an operating margin of −18.1% and an equity ratio of −8.9% in 2024, and ranks 1,401 of 1,498 in Kraft og energi.
NORICO NORGE 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
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | not meaningful |
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
Equity is negative. How will it be rebuilt, and what do lenders and the auditor say about going concern?
Based on: Equity ratio −8.9% (median 36.8%).
- watch
Consider strengthening liquidity: current liabilities are 1.1 times current assets.
Based on: Current ratio 0.92 (median 1.65).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −23.0% (median 4.7%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 3.3% 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.
Data quality
- critical Negative equity
Scenario analysis: the sector's weakest year
The operating margin was 8.9% in 2025 (sector median 12.6%), and the equity ratio 22.3%. In the other years the operating margin averaged −18.1%.
The sector's weakest year was 2025, with a median operating margin of 12.6%. 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 | 20 | weight 30% |
|---|---|---|
| Solidity | 0 | weight 25% |
| Liquidity | 32 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 25 | weight 15% |
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is NORICO NORGE AS?
The operating margin was −18.1% in 2024, against a median of 13.8% among small companies in the same sector. Return on assets was −13.5%. The company made a loss before tax.
How solid is NORICO NORGE AS?
The equity ratio was −8.9% in 2024 (median 36.8%). Equity is negative, so liabilities exceed assets.
What is the liquidity of NORICO NORGE AS like?
The current ratio was 0.92 in 2024 (median 1.65). Current assets did not cover current liabilities.
How does NORICO NORGE AS compare in Kraft og energi?
NORICO NORGE AS ranks 1,401 of 1,498 in Kraft og energi for 2024. Among companies of the same size (small companies) it ranks 1,147 of 1,241.
From the Central Coordinating Register
- Org. no.
- 934110706
- Legal form
- AS
- Sector
- Kraft og energi (35.150)
- Size tier
- small
- Employees
- 0–4 (not registered)
- Founded
- 16 August 2024 2 years in operation
- Share capital
- 0.03 MNOK
- Business address
- Fossegrenda 9, 7038 TRONDHEIM
- Municipality
- Trondheim rank 3 of 11 in KOSTRA group 12
- Audit
- Audit opted out from 17 September 2024
- 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
- Sander Bendiksen
- Chair of the board
- Sander Bendiksen
- Board member
- Shahrzad Sabouri Kasmaee
- Board member
- Soheel Hanif
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 27 October 2026.
Year by year · 2024–2025
| Key figure | 2024 | 2025 | Trend |
|---|---|---|---|
| Index | 17 | 60 | |
| Rank | 1,401 | 450 | |
| Operating margin | −18.1% | 8.9% | |
| Return on assets | −13.5% | 18.2% | |
| Equity ratio | −8.9% | 22.3% | |
| Current ratio | 0.92 | 1.06 | |
| Revenue growth | – | 437.4% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2024 | 2025 |
|---|---|---|
| Operating revenue | 0.2 MNOK | 1.2 MNOK |
| Operating profit | 0.0 MNOK | 0.1 MNOK |
| Profit before tax | −0.1 MNOK | 0.1 MNOK |
| Net profit | −0.1 MNOK | 0.0 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK |
| Total assets | 0.3 MNOK | 0.6 MNOK |
| Current assets | 0.3 MNOK | 0.5 MNOK |
| Equity | 0.0 MNOK | 0.1 MNOK |
| Retained earnings | −0.1 MNOK | 0.1 MNOK |
| Total liabilities | 0.3 MNOK | 0.4 MNOK |
| Current liabilities | 0.3 MNOK | 0.4 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 27 October 2026, accounts id 5490447.
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