FOURPHASE AS
Score · fiscal year 2025
39of 100
How to read this: the company is ahead of 26 % of medium-sized companies in the same sector in 2025. What does this mean?
Rank: 232 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 7 and solidity 81 out of 100 among medium-sized companies in the same sector in 2025. Methodology
Against the sector
FOURPHASE AS is 13 points below the median for medium-sized companies in the same sector in 2025.
Median score 52 among 108 companies.
Against medium-sized companies in the same sector in 2025: operating margin −8.5% (median 6.3%) and equity ratio 60.4% (median 34.3%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 165 MNOK | 244 MNOK |
| Operating margin | −8.5% | 6.3% |
| Profit margin | −8.8% | 6.0% |
| Return on assets | −7.3% | 11.5% |
| Equity ratio | 60.4% | 34.3% |
| Debt-to-equity | 0.65 | 1.56 |
| Current ratio | 1.54 | 1.31 |
| Revenue growth | −17.6% | 6.6% |
| Revenue per employee | 2.32 MNOK | 3.98 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 39, FOURPHASE AS does better than 26% of medium-sized companies in the same sector (108 companies) in 2025.
Score 2023–2025
- FOURPHASE AS
- Median: medium-sized companies in the same sector
FOURPHASE AS has a score of 39 for 2025, rank 232 of 320 in the sector.
Strongest: Solidity: percentile 81 against peers, equity ratio 60.4% against a median of 34.3%.
Weakest: Profitability: percentile 7 against peers, operating margin −8.5% against a median of 6.3%. Growth: percentile 18 against peers, revenue growth −17.6% against a median of 6.6%.
Worth a closer look
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin −8.8% (median 6.0%).
- The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors? Based on: operating margin −8.5% (median 6.3%).
- What lies behind weak profitability, and will it last?
- 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
FOURPHASE AS had an operating margin of −8.5% and an equity ratio of 60.4% in 2025, and ranks 232 of 320 in Olje og gass.
From 2024 to 2025: went from a profit to a loss before tax and the operating margin fell from 10.2% to −8.5%.
This text is generated automatically from the 2025 accounts.
Three simple methods
One method gives a figure: 96 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 96 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 company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −8.8% (median 6.0%).
- 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 −8.5% (median 6.3%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 4.8% 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 | 7 | weight 30% |
|---|---|---|
| Solidity | 81 | weight 25% |
| Liquidity | 58 | weight 15% |
| Growth | 18 | weight 15% |
| Consistency | 37 | weight 15% |
Durability: 56 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is FOURPHASE AS?
The operating margin was −8.5% in 2025, against a median of 6.3% among medium-sized companies in the same sector. Return on assets was −7.3%. The company made a loss before tax.
How solid is FOURPHASE AS?
The equity ratio was 60.4% in 2025 (median 34.3%). Debt-to-equity was 0.65 (median 1.56).
What is the liquidity of FOURPHASE AS like?
The current ratio was 1.54 in 2025 (median 1.31).
How does FOURPHASE AS compare in Olje og gass?
FOURPHASE AS ranks 232 of 320 in Olje og gass for 2025. Among companies of the same size (medium-sized companies) it ranks 80 of 108. Revenue changed by −17.6% 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.
- 998191742
- Legal form
- AS · part of a group
- Sector
- Olje og gass (09.109)
- Size tier
- medium
- Employees
- 71 registered 10 June 2026
- Founded
- 1 January 2012 14 years in operation
- Share capital
- 0.40 MNOK
- Business address
- Kokstadvegen 35B, 5257 KOKSTAD (BERGEN)
- Municipality
- Bergen rank 8 of 11 in KOSTRA group 12
- Latest accounts filed
- 2025
- Website
- www.fourphase.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
- Øyvind Hansen Heradstveit
- Chair of the board
- Øyvind Hansen Heradstveit
- Board member
- Lasse Byrkjeland
- Auditor
- PRICEWATERHOUSECOOPERS 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 26 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 60 | 69 | 39 | |
| Rank | 104 | 54 | 232 | |
| Operating margin | −0.7% | 10.2% | −8.5% | |
| Return on assets | 0.4% | 12.8% | −7.3% | |
| Equity ratio | 64.4% | 67.8% | 60.4% | |
| Current ratio | 1.51 | 1.99 | 1.54 | |
| Revenue growth | – | 19.4% | −17.6% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 167.3 MNOK | 199.8 MNOK | 164.7 MNOK |
| Operating profit | −1.1 MNOK | 20.4 MNOK | −13.9 MNOK |
| Profit before tax | −2.6 MNOK | 19.8 MNOK | −14.6 MNOK |
| Net profit | −2.5 MNOK | 15.7 MNOK | −13.0 MNOK |
| Financial expenses | 3.3 MNOK | 3.4 MNOK | 3.0 MNOK |
| Total assets | 159.9 MNOK | 180.6 MNOK | 159.0 MNOK |
| Current assets | 66.0 MNOK | 94.0 MNOK | 83.4 MNOK |
| Equity | 102.9 MNOK | 122.5 MNOK | 96.1 MNOK |
| Retained earnings | 71.5 MNOK | 91.1 MNOK | 64.7 MNOK |
| Total liabilities | 57.0 MNOK | 58.1 MNOK | 62.9 MNOK |
| Current liabilities | 43.7 MNOK | 47.2 MNOK | 54.2 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 7187741.
Further
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