TENDEKA AS
Score · fiscal year 2024
37of 100
How to read this: the company is ahead of 25 % of medium-sized companies in the same sector in 2024. What does this mean?
Rank: 438 of 586 · Olje og gass
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 36 and solidity 22 out of 100 among medium-sized companies in the same sector in 2024. Methodology
Against the sector
TENDEKA AS is 9 points below the median for medium-sized companies in the same sector in 2024.
Median score 46 among 167 companies.
Against medium-sized companies in the same sector in 2024: operating margin 3.0% (median 6.2%) and equity ratio 16.9% (median 36.8%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 558 MNOK | 262 MNOK |
| Operating margin | 3.0% | 6.2% |
| Profit margin | 2.7% | 8.3% |
| Return on assets | 3.5% | 9.2% |
| Equity ratio | 16.9% | 36.8% |
| Debt-to-equity | 4.91 | 1.32 |
| Current ratio | 1.22 | 1.27 |
| Revenue growth | 9.4% | 14.0% |
| Revenue per employee | 37.18 MNOK | 4.05 MNOK |
The median and “ahead of” refer to medium-sized companies in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
With an index of 37, TENDEKA AS does better than 25% of medium-sized companies in the same sector (167 companies) in 2024.
Score 2023–2025
- TENDEKA AS
- Median: medium-sized companies in the same sector
What the numbers say
TENDEKA AS had an operating margin of 3.0% and an equity ratio of 16.9% in 2024, and ranks 438 of 586 in Olje og gass.
From 2023 to 2024: the operating margin fell from 7.7% to 3.0% and the equity ratio fell from 25.4% to 16.9%.
This text is generated automatically from the 2024 accounts.
Three simple methods
The methods give between 12 MUSD and 19 MUSD.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 19 MUSD |
| EV/EBIT | 8.0 | 19 MUSD |
| P/B | 1.0 | 12 MUSD |
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.
Financial costs were 1.9% of the debt in 2024. The policy rate averaged 4.50 % 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
- watch Reports in a currency other than NOK
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 | 36 | weight 30% |
|---|---|---|
| Solidity | 22 | weight 25% |
| Liquidity | 46 | weight 15% |
| Growth | 42 | weight 15% |
| Consistency | 48 | weight 15% |
Durability: 44 (average over 2 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is TENDEKA AS?
The operating margin was 3.0% in 2024, against a median of 6.2% among medium-sized companies in the same sector. Return on assets was 3.5%.
How solid is TENDEKA AS?
The equity ratio was 16.9% in 2024 (median 36.8%). Debt-to-equity was 4.91 (median 1.32).
What is the liquidity of TENDEKA AS like?
The current ratio was 1.22 in 2024 (median 1.27).
How does TENDEKA AS compare in Olje og gass?
TENDEKA AS ranks 438 of 586 in Olje og gass for 2024. Among companies of the same size (medium-sized companies) it ranks 125 of 167. Revenue changed by 9.4% from the year before.
From the Central Coordinating Register
- Org. no.
- 884611032
- Legal form
- AS
- Sector
- Olje og gass (09.109)
- Size tier
- medium
- Employees
- 15 registered 10 October 2026
- Founded
- 12 June 2002 24 years in operation
- Share capital
- 0.17 MNOK
- Business address
- Moseidveien 1, 4033 STAVANGER (SOLA)
- Municipality
- Sola rank 2 of 27 in KOSTRA group 9
- Latest accounts filed
- 2025
- Website
- www.tendeka.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
- Karianne Carstens Amundsen
- Chair of the board
- Alan James Pearson
- Auditor
- PRICEWATERHOUSECOOPERS AS
- Accountant
- CEDRA NORGE 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 | 52 | 37 | 48 | |
| Rank | 255 | 438 | 308 | |
| Operating margin | 7.7% | 3.0% | 4.0% | |
| Return on assets | 8.4% | 3.5% | 6.8% | |
| Equity ratio | 25.4% | 16.9% | 21.7% | |
| Current ratio | 1.38 | 1.22 | 1.27 | |
| Revenue growth | – | 9.4% | 49.8% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (USD). Revenue in NOK is converted from USD at the mean rate for the accounting period 1 January 2024–31 December 2024: 10.7433 (norges_bank). Balance-sheet amounts use the rate on the balance-sheet date. Ratios and growth are computed in USD. Exchange rates at Norges Bank
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 47.4 MUSD | 51.9 MUSD | 77.7 MUSD |
| Operating profit | 3.7 MUSD | 1.6 MUSD | 3.1 MUSD |
| Profit before tax | 5.0 MUSD | 1.4 MUSD | 4.0 MUSD |
| Net profit | 3.9 MUSD | 1.9 MUSD | 5.0 MUSD |
| Financial expenses | 0.4 MUSD | 1.1 MUSD | 0.0 MUSD |
| Total assets | 64.6 MUSD | 70.0 MUSD | 59.3 MUSD |
| Current assets | 64.2 MUSD | 69.6 MUSD | 58.8 MUSD |
| Equity | 16.4 MUSD | 11.8 MUSD | 12.9 MUSD |
| Retained earnings | 13.3 MUSD | 8.8 MUSD | 9.8 MUSD |
| Total liabilities | 48.2 MUSD | 58.2 MUSD | 46.4 MUSD |
| Current liabilities | 46.6 MUSD | 57.1 MUSD | 46.3 MUSD |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 6143369.
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