AXTECH AS
Score · fiscal year 2024
35of 100
How to read this: the company is ahead of 22 % of medium-sized companies in the same sector in 2024. What does this mean?
Rank: 450 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 24 and solidity 42 out of 100 among medium-sized companies in the same sector in 2024. Methodology
Against the sector
AXTECH AS is 13 points below the median for medium-sized companies in the same sector in 2024.
Median score 48 among 144 companies.
Against medium-sized companies in the same sector in 2024: operating margin 0.1% (median 7.0%) and equity ratio 33.9% (median 40.2%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 259 MNOK | 246 MNOK |
| Operating margin | 0.1% | 7.0% |
| Profit margin | 0.3% | 9.2% |
| Return on assets | 0.7% | 9.9% |
| Equity ratio | 33.9% | 40.2% |
| Debt-to-equity | 1.95 | 1.32 |
| Current ratio | 1.25 | 1.31 |
| Revenue growth | −40.6% | 15.1% |
| Revenue per employee | 3.81 MNOK | 3.98 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 35, AXTECH AS does better than 22% of medium-sized companies in the same sector (144 companies) in 2024.
Score 2023–2025
- AXTECH AS
- Median: medium-sized companies in the same sector
What the numbers say
AXTECH AS had an operating margin of 0.1% and an equity ratio of 33.9% in 2024, and ranks 450 of 586 in Olje og gass.
From 2023 to 2024: revenue fell by 41%.
This text is generated automatically from the 2024 accounts.
Three simple methods
The methods give between 16 MNOK and 73 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 16 MNOK |
| EV/EBIT | 8.0 | 73 MNOK |
| P/B | 1.0 | 51 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 operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors?
Based on: Operating margin 0.1% (median 7.0%).
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 | 24 | weight 30% |
|---|---|---|
| Solidity | 42 | weight 25% |
| Liquidity | 46 | weight 15% |
| Growth | 4 | weight 15% |
| Consistency | 68 | weight 15% |
Durability: 39 (average over 2 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is AXTECH AS?
The operating margin was 0.1% in 2024, against a median of 7.0% among medium-sized companies in the same sector. Return on assets was 0.7%.
How solid is AXTECH AS?
The equity ratio was 33.9% in 2024 (median 40.2%). Debt-to-equity was 1.95 (median 1.32).
What is the liquidity of AXTECH AS like?
The current ratio was 1.25 in 2024 (median 1.31).
How does AXTECH AS compare in Olje og gass?
AXTECH AS ranks 450 of 586 in Olje og gass for 2024. Among companies of the same size (medium-sized companies) it ranks 112 of 144. Revenue changed by −40.6% from the year before.
From the Central Coordinating Register
- Org. no.
- 887062552
- Legal form
- AS
- Sector
- Olje og gass (09.109)
- Size tier
- medium
- Employees
- 68 registered 10 September 2026
- Founded
- 1 July 2004 22 years in operation
- Share capital
- 0.61 MNOK
- Business address
- Fannestrandvegen 85, 6416 MOLDE
- Municipality
- Molde rank 11 of 13 in KOSTRA group 10
- Latest accounts filed
- 2025
- Website
- www.axtech.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
- Richard Myhre
- Chair of the board
- Richard Myhre
- Board member
- Kjell Ødegård
- Board member
- Veronika Male
- Board member
- Anne-Mathilde Wicken
- Board member
- Erik Kros
- Auditor
- BDO 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 | 43 | 35 | 52 | |
| Rank | 346 | 450 | 251 | |
| Operating margin | 0.2% | 0.1% | 6.7% | |
| Return on assets | 1.2% | 0.7% | 13.6% | |
| Equity ratio | 31.0% | 33.9% | 32.4% | |
| Current ratio | 1.23 | 1.25 | 1.29 | |
| Revenue growth | – | −40.6% | 14.3% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 436.7 MNOK | 259.3 MNOK | 296.4 MNOK |
| Operating profit | 0.9 MNOK | 0.4 MNOK | 19.7 MNOK |
| Profit before tax | 1.8 MNOK | 0.7 MNOK | 25.6 MNOK |
| Net profit | 1.4 MNOK | 1.6 MNOK | 22.1 MNOK |
| Financial expenses | 0.1 MNOK | 0.4 MNOK | 0.3 MNOK |
| Total assets | 164.6 MNOK | 149.2 MNOK | 190.0 MNOK |
| Current assets | 137.1 MNOK | 120.3 MNOK | 159.9 MNOK |
| Equity | 51.1 MNOK | 50.7 MNOK | 61.6 MNOK |
| Retained earnings | 50.4 MNOK | 50.0 MNOK | 61.0 MNOK |
| Total liabilities | 113.5 MNOK | 98.6 MNOK | 128.4 MNOK |
| Current liabilities | 111.5 MNOK | 96.6 MNOK | 124.1 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 6290389.
Further
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