BKK AS
Score · fiscal year 2025
40of 100
How to read this: the company is ahead of 28 % of companies in the Morning class Large in the same sector in 2025. What does this mean?
Rank in the Morning class Large: 44 of 61 · What are Morning company classes?
Place in the whole sector: 615 of 878 · Kraft og energi
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 52 and solidity 43 out of 100 among companies in the Morning class Large in the same sector in 2025. Methodology
Against the sector
BKK AS is 8 points below the median for companies in the Morning class Large in the same sector in 2025.
Median score 48 among 61 companies.
Against companies in the Morning class Large in the same sector in 2025: operating margin 26.3% (median 17.7%) and equity ratio 33.2% (median 35.4%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 2,692 MNOK | 1,559 MNOK |
| Operating margin | 26.3% | 17.7% |
| Profit margin | 18.5% | 16.2% |
| Return on assets | 7.2% | 8.1% |
| Equity ratio | 33.2% | 35.4% |
| Debt-to-equity | 2.02 | 1.82 |
| Current ratio | 0.42 | 1.05 |
| Revenue growth | 2.4% | 10.0% |
| Revenue per employee | 5.08 MNOK | 28.54 MNOK |
The median and “ahead of” refer to companies in the Morning class Large in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 40, BKK AS does better than 28% of companies in the Morning class Large in the same sector (61 companies) in 2025.
Score 2023–2025
- BKK AS
- Median: companies in the Morning class Large in the same sector
BKK AS has a score of 40 for 2025, rank 615 of 878 in the sector.
Strongest: Profitability: percentile 52 against peers, operating margin 26.3% against a median of 17.7%.
Weakest: Liquidity: percentile 7 against peers, current ratio 0.42 against a median of 1.05. Growth: percentile 33 against peers, revenue growth 2.4% against a median of 10.0%.
Worth a closer look
- Consider strengthening liquidity: current liabilities are 2.4 times current assets. Based on: current ratio 0.42 (median 1.05).
- What lies behind weak growth, 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
BKK AS had an operating margin of 26.3% and an equity ratio of 33.2% in 2025, and ranks 615 of 878 in Kraft og energi.
No large changes in the key figures from 2024 to 2025.
BKK AS did better than the sector in 2025, the sector's weakest year.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 494 MNOK and 3,877 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 3,877 MNOK |
| EV/EBIT | 8.0 | 494 MNOK |
| P/B | 1.0 | 3,289 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 2.4 times current assets.
Based on: Current ratio 0.42 (median 1.05).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 3.3% 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 26.3% in 2025 (sector median 15.7%), and the equity ratio 33.2%. In the other years the operating margin averaged 29.6%.
The sector's weakest year was 2025, with a median operating margin of 15.7%. 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 | 52 | weight 30% |
|---|---|---|
| Solidity | 43 | weight 25% |
| Liquidity | 7 | weight 15% |
| Growth | 33 | weight 15% |
| Consistency | 51 | weight 15% |
Durability: 44 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is BKK AS?
The operating margin was 26.3% in 2025, against a median of 17.7% among companies in the Morning class Large in the same sector. Return on assets was 7.2%.
How solid is BKK AS?
The equity ratio was 33.2% in 2025 (median 35.4%). Debt-to-equity was 2.02 (median 1.82).
What is the liquidity of BKK AS like?
The current ratio was 0.42 in 2025 (median 1.05). Current assets did not cover current liabilities.
How does BKK AS compare in Kraft og energi?
BKK AS ranks 615 of 878 in Kraft og energi for 2025. Among companies in the Morning class Large it is number 44 of 61. Revenue changed by 2.4% from the year before.
From the Central Coordinating Register
- Org. no.
- 976944801
- Legal form
- AS
- Sector
- Kraft og energi (35.140)
- Morning company class
- Large
- Employees
- 530 registered 10 October 2026
- Founded
- 26 November 1996 29 years in operation
- Share capital
- 1,321.21 MNOK
- Business address
- Fjøsangerveien 65, 5054 BERGEN
- Municipality
- Bergen rank 8 of 11 in KOSTRA group 12
- Latest accounts filed
- 2025
- Website
- www.bkk.no
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
- Kristin Johnsen Aadland
- Chair of the board
- Jon Fredrik Baksaas
- Board member
- Siw Fedog Hellesen
- Board member
- Espen Foldnes Skibenes
- Board member
- Tina Hovland Bargård
- Board member
- Rune Haugsdal
- Board member
- Øivind Askvik
- Board member
- Benedicte Follestad Ingebrigtsen
- Board member
- Kjetil Skeistrand Kjoberg
- Deputy member
- Line Bergfjord
- Deputy member
- Johannes Richard Namstad Dobson
- Deputy member
- Thomas Brunborg
- Deputy member
- Robert Loven
- Deputy member
- Beate Thomassen
- Deputy member
- Amalie Thunold Matthiessen
- Auditor
- DELOITTE AS
- Accountant
- AIDER AS
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 28 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 44 | 49 | 40 | |
| Rank | 521 | 479 | 615 | |
| Operating margin | 32.8% | 26.5% | 26.3% | |
| Return on assets | 9.8% | 7.9% | 7.2% | |
| Equity ratio | 31.5% | 32.9% | 33.2% | |
| Current ratio | 0.54 | 0.86 | 0.42 | |
| Revenue growth | – | 9.8% | 2.4% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 2,393.1 MNOK | 2,628.3 MNOK | 2,692.4 MNOK |
| Operating profit | 784.1 MNOK | 697.0 MNOK | 708.0 MNOK |
| Profit before tax | 644.5 MNOK | 483.4 MNOK | 499.2 MNOK |
| Net profit | 503.3 MNOK | 376.2 MNOK | 387.7 MNOK |
| Financial expenses | 180.9 MNOK | 236.8 MNOK | 215.7 MNOK |
| Total assets | 8,404.7 MNOK | 9,168.0 MNOK | 9,920.8 MNOK |
| Current assets | 964.8 MNOK | 920.0 MNOK | 618.8 MNOK |
| Equity | 2,648.5 MNOK | 3,013.3 MNOK | 3,289.1 MNOK |
| Retained earnings | 843.6 MNOK | 1,208.4 MNOK | 1,484.2 MNOK |
| Total liabilities | 5,756.2 MNOK | 6,154.7 MNOK | 6,631.7 MNOK |
| Current liabilities | 1,786.9 MNOK | 1,065.5 MNOK | 1,461.7 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 28 October 2026, accounts id 6756694.
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