Kanfa AS
Score · fiscal year 2025
54of 100
How to read this: the company is ahead of 60 % of companies in the Morning class Large in the same sector in 2025. What does this mean?
Rank in the Morning class Large: 37 of 91 · What are Morning company classes?
Place in the whole sector: 134 of 320 · Olje og gass
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 23 and solidity 62 out of 100 among companies in the Morning class Large in the same sector in 2025. Methodology
Against the sector
Kanfa AS is 5 points above the median for companies in the Morning class Large in the same sector in 2025.
Median score 49 among 91 companies.
Against companies in the Morning class Large in the same sector in 2025: operating margin 1.9% (median 10.5%) and equity ratio 29.4% (median 23.1%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 503 MNOK | 2,011 MNOK |
| Operating margin | 1.9% | 10.5% |
| Profit margin | 6.8% | 7.8% |
| Return on assets | 7.4% | 13.5% |
| Equity ratio | 29.4% | 23.1% |
| Debt-to-equity | 2.40 | 3.01 |
| Current ratio | 1.46 | 1.15 |
| Revenue growth | 26.0% | 6.5% |
| Revenue per employee | 8.11 MNOK | 6.50 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 54, Kanfa AS does better than 60% of companies in the Morning class Large in the same sector (91 companies) in 2025.
Score 2023–2025
- Kanfa AS
- Median: companies in the Morning class Large in the same sector
Kanfa AS has a score of 54 for 2025, rank 134 of 320 in the sector.
Strongest: Growth: percentile 77 against peers, revenue growth 26.0% against a median of 6.5%. Liquidity: percentile 68 against peers, current ratio 1.46 against a median of 1.15.
Weakest: Profitability: percentile 23 against peers, operating margin 1.9% against a median of 10.5%.
Worth a closer look
- The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors? Based on: operating margin 1.9% (median 10.5%).
- What lies behind weak profitability, 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
Kanfa AS had an operating margin of 1.9% and an equity ratio of 29.4% in 2025, and ranks 134 of 320 in Olje og gass.
From 2024 to 2025: revenue grew by 26% and the operating margin fell from 6.2% to 1.9%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 96 MNOK and 278 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 278 MNOK |
| EV/EBIT | 8.0 | 96 MNOK |
| P/B | 1.0 | 150 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 1.9% (median 10.5%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 0.9% 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
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 1.6%. 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 | 23 | weight 30% |
|---|---|---|
| Solidity | 62 | weight 25% |
| Liquidity | 68 | weight 15% |
| Growth | 77 | weight 15% |
| Consistency | 65 | weight 15% |
Durability: 52 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Kanfa AS?
The operating margin was 1.9% in 2025, against a median of 10.5% among companies in the Morning class Large in the same sector. Return on assets was 7.4%.
How solid is Kanfa AS?
The equity ratio was 29.4% in 2025 (median 23.1%). Debt-to-equity was 2.40 (median 3.01).
What is the liquidity of Kanfa AS like?
The current ratio was 1.46 in 2025 (median 1.15).
How does Kanfa AS compare in Olje og gass?
Kanfa AS ranks 134 of 320 in Olje og gass for 2025. Among companies in the Morning class Large it is number 37 of 91. Revenue changed by 26.0% from the year before.
Group accounts
The company is registered as part of a group, but we have no group accounts for it. Group accounts are filed by the parent company, and open data does not say which company that is.
Read the figures with care: a company in a group can look strong because of group contributions, or weak because dividends go up to the parent. The figures are indications, not the full picture.
We do not show the group structure, because open data does not say who owns whom.
From the Central Coordinating Register
- Org. no.
- 983756913
- Legal form
- AS · part of a group
- Sector
- Olje og gass (09.109)
- Morning company class
- Large
- Employees
- 62 registered 10 October 2026
- Founded
- 10 August 2001 25 years in operation
- Share capital
- 0.50 MNOK
- Business address
- Philip Pedersens vei 7, 1366 LYSAKER (BÆRUM)
- Municipality
- Bærum rank 1 of 11 in KOSTRA group 12
- Latest accounts filed
- 2025
- Website
- www.kanfa.energy
- LEI
- 549300FLOYULZCDPFV33 renews 14 November 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
- Chief executive
- Aleksander Gelber Bugge
- Chair of the board
- Helene Florence Dufour
- Board member
- Frederic Baudeau
- Board member
- Maria Granå
- Board member
- Kjell Idar Berle
- Board member
- Yves Marie Kervren
- Deputy member
- Anne Eidissen
- Deputy member
- Marta Lysne
- Deputy member
- Jannicke Tidemand
- Deputy member
- Rene Pascal Sass
- Auditor
- Pricewaterhousecoopers AS
Source: Central Coordinating Register, fetched 29 October 2026. Only names are shown.
- Parent company
- Technip Energies N.V. (France)
Foreign-owned according to GLEIF.
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 29 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 26 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 58 | 44 | 54 | |
| Rank | 120 | 188 | 134 | |
| Operating margin | 3.2% | 6.2% | 1.9% | |
| Return on assets | 14.4% | 10.9% | 7.4% | |
| Equity ratio | 28.3% | 31.8% | 29.4% | |
| Current ratio | 1.45 | 1.47 | 1.46 | |
| Revenue growth | – | −27.8% | 26.0% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 552.8 MNOK | 399.1 MNOK | 503.0 MNOK |
| Operating profit | 17.5 MNOK | 24.7 MNOK | 9.5 MNOK |
| Profit before tax | 22.7 MNOK | 16.6 MNOK | 34.4 MNOK |
| Net profit | 17.5 MNOK | 12.6 MNOK | 27.8 MNOK |
| Financial expenses | 33.6 MNOK | 25.4 MNOK | 3.1 MNOK |
| Total assets | 390.7 MNOK | 383.9 MNOK | 509.9 MNOK |
| Current assets | 368.4 MNOK | 366.5 MNOK | 496.9 MNOK |
| Equity | 110.4 MNOK | 122.2 MNOK | 150.0 MNOK |
| Retained earnings | 92.6 MNOK | – | 132.2 MNOK |
| Total liabilities | 280.2 MNOK | 261.7 MNOK | 359.9 MNOK |
| Current liabilities | 254.1 MNOK | 248.8 MNOK | 340.3 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 7076356.
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