TCO GROUP AS
Score · fiscal year 2025
35of 100
How to read this: the company is ahead of 28 % of small companies in the same sector in 2025. What does this mean?
Rank: 442 of 584 · Olje og gass
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 45 and solidity 30 out of 100 among small companies in the same sector in 2025. Methodology
Against the sector
TCO GROUP AS is 14 points below the median for small companies in the same sector in 2025.
Median score 49 among 310 companies.
Against small companies in the same sector in 2025: operating margin −11,154.9% (median 1.6%) and equity ratio 29.3% (median 53.9%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 0 MNOK | 3 MNOK |
| Operating margin | −11,154.9% | 1.6% |
| Profit margin | 16,462.1% | 8.7% |
| Return on assets | 40.7% | 2.9% |
| Equity ratio | 29.3% | 53.9% |
| Debt-to-equity | 2.41 | 0.39 |
| Current ratio | 2.26 | 1.77 |
| Revenue growth | −99.0% | 0.9% |
The median and “ahead of” refer to small companies in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 35, TCO GROUP AS does better than 28% of small companies in the same sector (314 companies) in 2025.
Score 2023–2025
- TCO GROUP AS
- Median: small companies in the same sector
What the numbers say
TCO GROUP AS had an operating margin of −11,154.9% and an equity ratio of 29.3% in 2025, and ranks 442 of 584 in Olje og gass.
From 2024 to 2025: the operating margin fell from −71.7% to −11,154.9% and went from a loss to a profit before tax.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 29 MNOK and 319 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 319 MNOK |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 29 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 operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors?
Based on: Operating margin −11,154.9% (median 1.6%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Data quality
- watch Extreme margin: check the figures
Scenario analysis: the sector's weakest year
We have no accounts for 2022, the sector's weakest year, for this company.
The sector's weakest year was 2022, with a median operating margin of 1.5%. 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 | 45 | weight 30% |
|---|---|---|
| Solidity | 30 | weight 25% |
| Liquidity | 55 | weight 15% |
| Growth | 4 | weight 15% |
| Consistency | 31 | weight 15% |
Durability: 45 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is TCO GROUP AS?
The operating margin was −11,154.9% in 2025, against a median of 1.6% among small companies in the same sector. Return on assets was 40.7%.
How solid is TCO GROUP AS?
The equity ratio was 29.3% in 2025 (median 53.9%). Debt-to-equity was 2.41 (median 0.39).
What is the liquidity of TCO GROUP AS like?
The current ratio was 2.26 in 2025 (median 1.77).
How does TCO GROUP AS compare in Olje og gass?
TCO GROUP AS ranks 442 of 584 in Olje og gass for 2025. Among companies of the same size (small companies) it ranks 226 of 314. Revenue changed by −99.0% from the year before.
From the Central Coordinating Register
- Org. no.
- 983532845
- Legal form
- AS
- Sector
- Olje og gass (09.101)
- Size tier
- small
- Employees
- 0–4 (not registered)
- Founded
- 29 June 2001 25 years in operation
- Share capital
- 0.21 MNOK
- Business address
- Storaneset 20, 5260 INDRE ARNA (BERGEN)
- Municipality
- Bergen rank 8 of 11 in KOSTRA group 12
- Latest accounts filed
- 2025
- Website
- www.tco.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
- Robert Jay Abercrombie
- Chair of the board
- Kendal Ryan Reed
- Board member
- Adam Baker Anderson
- Board member
- Ingvar Lunde
- Board member
- Vegard Bondevik
- Deputy member
- Bård Nerdal
- Deputy member
- Elisabeth Balchen Gundersen
- Auditor
- ERNST & YOUNG AS
- Accountant
- DATAPLAN ALPHA AS
Source: Central Coordinating Register, fetched 25 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 | 77 | 23 | 35 | |
| Rank | 36 | 522 | 442 | |
| Operating margin | 22.0% | −71.7% | −11,154.9% | |
| Return on assets | 136.2% | −6.2% | 40.7% | |
| Equity ratio | 49.9% | 25.9% | 29.3% | |
| Current ratio | 5.63 | 0.67 | 2.26 | |
| Revenue growth | – | −95.4% | −99.0% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 402.2 MNOK | 18.7 MNOK | 0.2 MNOK |
| Operating profit | 88.6 MNOK | −13.4 MNOK | −21.8 MNOK |
| Profit before tax | 80.1 MNOK | −15.2 MNOK | 32.1 MNOK |
| Net profit | 59.6 MNOK | −9.8 MNOK | 31.9 MNOK |
| Financial expenses | 41.4 MNOK | 7.8 MNOK | 8.0 MNOK |
| Total assets | 89.2 MNOK | 119.9 MNOK | 98.5 MNOK |
| Current assets | 73.0 MNOK | 35.7 MNOK | 86.4 MNOK |
| Equity | 44.5 MNOK | 31.0 MNOK | 28.9 MNOK |
| Retained earnings | 23.9 MNOK | 10.4 MNOK | 8.3 MNOK |
| Total liabilities | 44.7 MNOK | 88.9 MNOK | 69.6 MNOK |
| Current liabilities | 13.0 MNOK | 53.5 MNOK | 38.1 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 7104801.
Further
Similar companies
- CONNECTOR SUBSEA SOLUTIONS AS index 35, rank 440
- REX GEO SOLUTION AS index 35, rank 443
- ENHANCED DRILLING INTERNATIONAL II AS index 35, rank 444
- JERAN HOLDING AS index 34, rank 445
- EQUINOR LIBYA AS index 34, rank 446