PIPE LINE AS
Score · fiscal year 2025
45of 100
How to read this: the company is ahead of 41 % of small companies in the same sector in 2025. What does this mean?
Rank: 12,435 of 20,633 · Handel
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 57 and solidity 18 out of 100 among small companies in the same sector in 2025. Methodology
Against the sector
PIPE LINE AS is 5 points below the median for small companies in the same sector in 2025.
Median score 50 among 19,463 companies.
Against small companies in the same sector in 2025: operating margin 3.0% (median 2.2%) and equity ratio 5.4% (median 31.6%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 27 MNOK | 3 MNOK |
| Operating margin | 3.0% | 2.2% |
| Profit margin | 3.0% | 1.8% |
| Return on assets | 8.0% | 3.5% |
| Equity ratio | 5.4% | 31.6% |
| Debt-to-equity | 17.43 | 1.12 |
| Current ratio | 1.11 | 1.57 |
| Revenue growth | 37.8% | 3.5% |
| Revenue per employee | 1.02 MNOK | 1.58 MNOK |
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 45, PIPE LINE AS does better than 41% of small companies in the same sector (19,732 companies) in 2025.
Score 2023–2025
- PIPE LINE AS
- Median: small companies in the same sector
What the numbers say
PIPE LINE AS had an operating margin of 3.0% and an equity ratio of 5.4% in 2025, and ranks 12,435 of 20,633 in Handel.
From 2024 to 2025: revenue grew by 38% and the equity ratio fell from 19.3% to 5.4%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 1 MNOK and 12 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 6 MNOK |
| EV/EBIT | 8.0 | 12 MNOK |
| P/B | 1.0 | 1 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 equity ratio is very low. Could the company absorb a bad year, and does it need more equity?
Based on: Equity ratio 5.4% (median 31.6%).
- watch
Strong growth with weak liquidity. Is the growth financed, or does it tie up capital the company does not have?
Based on: Revenue growth 37.8% (median 3.5%); Current ratio 1.11 (median 1.57).
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 0.7%. Based on the 10 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 57 | weight 30% |
|---|---|---|
| Solidity | 18 | weight 25% |
| Liquidity | 34 | weight 15% |
| Growth | 83 | weight 15% |
| Consistency | 36 | weight 15% |
Durability: 49 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is PIPE LINE AS?
The operating margin was 3.0% in 2025, against a median of 2.2% among small companies in the same sector. Return on assets was 8.0%.
How solid is PIPE LINE AS?
The equity ratio was 5.4% in 2025 (median 31.6%). Debt-to-equity was 17.43 (median 1.12).
What is the liquidity of PIPE LINE AS like?
The current ratio was 1.11 in 2025 (median 1.57).
How does PIPE LINE AS compare in Handel?
PIPE LINE AS ranks 12,435 of 20,633 in Handel for 2025. Among companies of the same size (small companies) it ranks 11,708 of 19,732. Revenue changed by 37.8% from the year before.
From the Central Coordinating Register
- Org. no.
- 832488402
- Legal form
- AS
- Sector
- Handel (46.630)
- Size tier
- small
- Employees
- 26 registered 10 September 2026
- Founded
- 25 October 2023 3 years in operation
- Share capital
- 0.03 MNOK
- Business address
- Svegeskogen 17B, 4400 FLEKKEFJORD
- Municipality
- Flekkefjord rank 22 of 39 in KOSTRA group 4
- Latest accounts filed
- 2025
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
- Frode Bakken Bøckman
- Chair of the board
- Jan Rune Åsly
- Board member
- Frode Bakken Bøckman
- Auditor
- CEDRA NORGE AS
- Accountant
- REGNSKAP-SERVICE FLEKKEFJORD 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 | 54 | 48 | 45 | |
| Rank | 9,007 | 11,136 | 12,435 | |
| Operating margin | – | 5.1% | 3.0% | |
| Return on assets | 0.0% | 18.1% | 8.0% | |
| Equity ratio | 54.0% | 19.3% | 5.4% | |
| Current ratio | 2.17 | 1.29 | 1.11 | |
| Revenue growth | – | – | 37.8% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | – | 19.2 MNOK | 26.5 MNOK |
| Operating profit | – | 1.0 MNOK | 0.8 MNOK |
| Profit before tax | 0.0 MNOK | 1.0 MNOK | 0.8 MNOK |
| Net profit | 0.0 MNOK | 0.8 MNOK | 0.6 MNOK |
| Financial expenses | – | 0.0 MNOK | 0.0 MNOK |
| Total assets | 0.0 MNOK | 5.4 MNOK | 10.0 MNOK |
| Current assets | 0.0 MNOK | 5.2 MNOK | 10.0 MNOK |
| Equity | 0.0 MNOK | 1.0 MNOK | 0.5 MNOK |
| Retained earnings | – | 0.8 MNOK | – |
| Total liabilities | 0.0 MNOK | 4.4 MNOK | 9.5 MNOK |
| Current liabilities | 0.0 MNOK | 4.1 MNOK | 9.0 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 7021918.
Further
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