INDEPENDENT OIL TOOLS AS
Score · fiscal year 2025
63of 100
How to read this: the company is ahead of 80 % of medium-sized companies in the same sector in 2025. What does this mean?
Rank: 132 of 584 · Olje og gass
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 70 and solidity 72 out of 100 among medium-sized companies in the same sector in 2025. Methodology
Against the sector
INDEPENDENT OIL TOOLS AS is 12 points above the median for medium-sized companies in the same sector in 2025.
Median score 51 among 132 companies.
Against medium-sized companies in the same sector in 2025: operating margin 17.4% (median 6.3%) and equity ratio 66.4% (median 43.2%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 199 MNOK | 229 MNOK |
| Operating margin | 17.4% | 6.3% |
| Profit margin | 21.8% | 6.0% |
| Return on assets | 15.6% | 9.3% |
| Equity ratio | 66.4% | 43.2% |
| Debt-to-equity | 0.51 | 1.17 |
| Current ratio | 1.51 | 1.32 |
| Revenue growth | −5.8% | 4.8% |
| Revenue per employee | 7.38 MNOK | 3.89 MNOK |
The median and “ahead of” refer to medium-sized companies in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 63, INDEPENDENT OIL TOOLS AS does better than 80% of medium-sized companies in the same sector (132 companies) in 2025.
Score 2023–2025
- INDEPENDENT OIL TOOLS AS
- Median: medium-sized companies in the same sector
What the numbers say
INDEPENDENT OIL TOOLS AS had an operating margin of 17.4% and an equity ratio of 66.4% in 2025, and ranks 132 of 584 in Olje og gass.
From 2024 to 2025: the operating margin fell from 26.7% to 17.4% and the equity ratio rose from 51.6% to 66.4%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 241 MNOK and 356 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 356 MNOK |
| EV/EBIT | 8.0 | 241 MNOK |
| P/B | 1.0 | 261 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.
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 1.5%. 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 | 70 | weight 30% |
|---|---|---|
| Solidity | 72 | weight 25% |
| Liquidity | 56 | weight 15% |
| Growth | 36 | weight 15% |
| Consistency | 66 | weight 15% |
Durability: 62 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is INDEPENDENT OIL TOOLS AS?
The operating margin was 17.4% in 2025, against a median of 6.3% among medium-sized companies in the same sector. Return on assets was 15.6%.
How solid is INDEPENDENT OIL TOOLS AS?
The equity ratio was 66.4% in 2025 (median 43.2%). Debt-to-equity was 0.51 (median 1.17).
What is the liquidity of INDEPENDENT OIL TOOLS AS like?
The current ratio was 1.51 in 2025 (median 1.32).
How does INDEPENDENT OIL TOOLS AS compare in Olje og gass?
INDEPENDENT OIL TOOLS AS ranks 132 of 584 in Olje og gass for 2025. Among companies of the same size (medium-sized companies) it ranks 27 of 132. Revenue changed by −5.8% from the year before.
From the Central Coordinating Register
- Org. no.
- 989675281
- Legal form
- AS
- Sector
- Olje og gass (09.109)
- Size tier
- medium
- Employees
- 27 registered 10 November 2025
- Founded
- 20 March 2006 20 years in operation
- Share capital
- 11.31 MNOK
- Business address
- Midtgårdveien 30, 4031 STAVANGER
- Municipality
- Stavanger rank 4 of 11 in KOSTRA group 12
- Latest accounts filed
- 2025
- Website
- www.iotgroup.com
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
- Sven Olav Borgen
- Chair of the board
- Berge Gerdt Larsen
- Board member
- Renate Elisabeth Brekke
- Deputy member
- Brede Bjøvad Larsen
- Auditor
- KPMG AS
- Accountant
- ECIT FORRETNINGSPARTNER 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 | 57 | 65 | 63 | |
| Rank | 188 | 99 | 132 | |
| Operating margin | 27.9% | 26.7% | 17.4% | |
| Return on assets | 17.3% | 19.1% | 15.6% | |
| Equity ratio | 42.8% | 51.6% | 66.4% | |
| Current ratio | 1.39 | 1.32 | 1.51 | |
| Revenue growth | – | 23.1% | −5.8% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 171.9 MNOK | 211.6 MNOK | 199.3 MNOK |
| Operating profit | 47.9 MNOK | 56.4 MNOK | 34.7 MNOK |
| Profit before tax | 52.6 MNOK | 71.4 MNOK | 43.5 MNOK |
| Net profit | 42.8 MNOK | 58.2 MNOK | 35.6 MNOK |
| Financial expenses | 11.8 MNOK | 10.0 MNOK | 18.1 MNOK |
| Total assets | 372.0 MNOK | 425.6 MNOK | 393.5 MNOK |
| Current assets | 116.4 MNOK | 143.8 MNOK | 124.6 MNOK |
| Equity | 159.3 MNOK | 219.4 MNOK | 261.2 MNOK |
| Retained earnings | 7.9 MNOK | 68.1 MNOK | 109.8 MNOK |
| Total liabilities | 212.7 MNOK | 206.2 MNOK | 132.3 MNOK |
| Current liabilities | 83.7 MNOK | 109.2 MNOK | 82.7 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 6908482.
Further
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