THREE60 ENERGY NORWAY AS
Score · fiscal year 2023
47of 100
How to read this: the company is ahead of 45 % of medium-sized companies in the same sector in 2023. What does this mean?
Rank: 310 of 565 · Olje og gass
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2023, not a verdict on the company. Based on profitability 52 and solidity 32 out of 100 among medium-sized companies in the same sector in 2023. Methodology
Against the sector
THREE60 ENERGY NORWAY AS is 2 points below the median for medium-sized companies in the same sector in 2023.
Median score 49 among 153 companies.
Against medium-sized companies in the same sector in 2023: operating margin 3.6% (median 7.4%) and equity ratio 21.3% (median 35.2%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 599 MNOK | 241 MNOK |
| Operating margin | 3.6% | 7.4% |
| Profit margin | 3.9% | 8.0% |
| Return on assets | 15.0% | 8.4% |
| Equity ratio | 21.3% | 35.2% |
| Debt-to-equity | 3.69 | 1.33 |
| Current ratio | 1.10 | 1.25 |
| Revenue growth | – | 15.0% |
| Revenue per employee | 5.04 MNOK | 4.06 MNOK |
The median and “ahead of” refer to medium-sized companies in the same sector in 2023. The bar shows the share of companies the figure is ahead of.
With an index of 47, THREE60 ENERGY NORWAY AS does better than 45% of medium-sized companies in the same sector (153 companies) in 2023.
Score 2023–2025
- THREE60 ENERGY NORWAY AS
- Median: medium-sized companies in the same sector
What the numbers say
THREE60 ENERGY NORWAY AS had an operating margin of 3.6% and an equity ratio of 21.3% in 2023, and ranks 310 of 565 in Olje og gass.
This text is generated automatically from the 2023 accounts.
Three simple methods
The methods give between 38 MNOK and 186 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 183 MNOK |
| EV/EBIT | 8.0 | 186 MNOK |
| P/B | 1.0 | 38 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 | 52 | weight 30% |
|---|---|---|
| Solidity | 32 | weight 25% |
| Liquidity | 37 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 74 | weight 15% |
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is THREE60 ENERGY NORWAY AS?
The operating margin was 3.6% in 2023, against a median of 7.4% among medium-sized companies in the same sector. Return on assets was 15.0%.
How solid is THREE60 ENERGY NORWAY AS?
The equity ratio was 21.3% in 2023 (median 35.2%). Debt-to-equity was 3.69 (median 1.33).
What is the liquidity of THREE60 ENERGY NORWAY AS like?
The current ratio was 1.10 in 2023 (median 1.25).
How does THREE60 ENERGY NORWAY AS compare in Olje og gass?
THREE60 ENERGY NORWAY AS ranks 310 of 565 in Olje og gass for 2023. Among companies of the same size (medium-sized companies) it ranks 85 of 153.
From the Central Coordinating Register
- Org. no.
- 996926524
- Legal form
- AS
- Sector
- Olje og gass (09.109)
- Size tier
- medium
- Employees
- 119 registered 10 October 2026
- Founded
- 6 May 2011 15 years in operation
- Share capital
- 0.10 MNOK
- Business address
- Kontorveien 12, 4033 STAVANGER
- Municipality
- Stavanger rank 5–9 of 11 in KOSTRA group 12
- Latest accounts filed
- 2025
- Website
- www.ridge.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
- Jarle Veshovde
- Chair of the board
- Walter Thain
- Board member
- Gisle Vold
- Board member
- Ørjan Gjerde
- Board member
- Marlen Vikeså Allen
- Board member
- Kerrie Rae Doreen Murray
- Auditor
- CROWE STAVANGER REVISJON AS
- Accountant
- AIDER 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 | 47 | 53 | 43 | |
| Rank | 310 | 250 | 358 | |
| Operating margin | 3.6% | 5.1% | 1.0% | |
| Return on assets | 15.0% | 18.1% | 5.5% | |
| Equity ratio | 21.3% | 29.1% | 36.6% | |
| Current ratio | 1.10 | 1.18 | 1.22 | |
| Revenue growth | – | 18.2% | −7.7% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 599.3 MNOK | 708.1 MNOK | 653.8 MNOK |
| Operating profit | 21.8 MNOK | 35.8 MNOK | 6.3 MNOK |
| Profit before tax | 23.3 MNOK | 36.6 MNOK | 6.1 MNOK |
| Net profit | 18.3 MNOK | 29.2 MNOK | 4.5 MNOK |
| Financial expenses | 3.6 MNOK | 3.7 MNOK | 4.1 MNOK |
| Total assets | 178.2 MNOK | 222.7 MNOK | 184.4 MNOK |
| Current assets | 153.9 MNOK | 185.6 MNOK | 143.0 MNOK |
| Equity | 38.0 MNOK | 64.9 MNOK | 67.5 MNOK |
| Retained earnings | 36.3 MNOK | 63.2 MNOK | 65.8 MNOK |
| Total liabilities | 140.2 MNOK | 157.9 MNOK | 116.9 MNOK |
| Current liabilities | 140.2 MNOK | 157.9 MNOK | 116.9 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 5186251.
Further
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