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RUSTAD ENERGI AS

Org. no. 891671172 · RØYRVIK · Founded 2007

Score · fiscal year 2023

22of 100

How to read this: the company is ahead of 14 % of small companies in the same sector in 2023. What does this mean?

Rank: 1,235 of 1,405 · Kraft og energi

Profile

Beaver · Builder

Lower profitability, lower solidity

Position against comparable companies in 2023, not a verdict on the company. Based on profitability 20 and solidity 12 out of 100 among small companies in the same sector in 2023. Methodology

Against the sector

RUSTAD ENERGI AS is 27 points below the median for small companies in the same sector in 2023.

Median score 49 among 1,151 companies.

Against small companies in the same sector in 2023: operating margin −32.5% (median 21.3%) and equity ratio 4.3% (median 38.5%).

Source: Register of Company Accounts and Central Coordinating RegisterFetched 26 October 2026Report an issue
Key figures · 2023

The numbers behind the score

The numbers behind the score · 2023
MeasureCompanyMedianAhead of
Operating revenue0 MNOK3 MNOK
Operating margin −32.5% 21.3% 18 %
Profit margin −145.4% 16.3% shown, not part of the index
Return on assets −2.1% 3.1% 23 %
Equity ratio 4.3% 38.5% 19 %
Debt-to-equity 22.05 1.02 5 %
Current ratio 0.18 1.65 11 %
Revenue growth – – not compared

The median and “ahead of” refer to small companies in the same sector in 2023. The bar shows the share of companies the figure is ahead of.

With an index of 22, RUSTAD ENERGI AS does better than 14% of small companies in the same sector (1,156 companies) in 2023.

Over time

Score 2023–2025

CompanyMedian0255075100202320242025The shaded year is the sector's weakest year, used by the stress test.
  • RUSTAD ENERGI AS
  • Median: small companies in the same sector
Analysis · 2023

What the numbers say

RUSTAD ENERGI AS had an operating margin of −32.5% and an equity ratio of 4.3% in 2023, and ranks 1,235 of 1,405 in Kraft og energi.

RUSTAD ENERGI AS did weaker than the sector in 2025, the sector's weakest year.

This text is generated automatically from the 2023 accounts.

Estimated value · 2023

Three simple methods

One method gives a figure: 0 MNOK.

MethodInputMultipleEstimate
P/E Net profit: −0.5 MNOK 10.0 not meaningful
EV/EBIT Operating profit: −0.1 MNOK 8.0 not meaningful
P/B Equity: 0.3 MNOK 1.0 0 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

Indications · 2023

Worth a closer look

  • critical

    Consider strengthening liquidity: current liabilities are 5.6 times current assets.

    Based on: Current ratio 0.18 (median 1.65).

  • watch

    The equity ratio is very low. Could the company absorb a bad year, and does it need more equity?

    Based on: Equity ratio 4.3% (median 38.5%).

  • watch

    The company made a loss before tax. Are these one-off items or a pattern?

    Based on: Profit margin −145.4% (median 16.3%).

  • 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 −32.5% (median 21.3%).

Indications based on the latest annual accounts from open data. Not investment or financial advice.

Data quality

No anomalies found in the figures.

Stress test · 2025

Scenario analysis: the sector's weakest year

The operating margin was −82.9% in 2025 (sector median 12.6%), and the equity ratio −9.0%. The company had a loss before tax that year. In the other years the operating margin averaged −4.1%.

The sector's weakest year was 2025, with a median operating margin of 12.6%. Based on the 5 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology

Components · 2023

What the score is made of

Profitability20 weight 30%
Solidity12 weight 25%
Liquidity11 weight 15%
Growth– no data, left out
Consistency51 weight 15%

Index version 2. Data completeness 85%: the share of the weights that had data.

2023

Questions and answers

How profitable is RUSTAD ENERGI AS?

The operating margin was −32.5% in 2023, against a median of 21.3% among small companies in the same sector. Return on assets was −2.1%. The company made a loss before tax.

How solid is RUSTAD ENERGI AS?

The equity ratio was 4.3% in 2023 (median 38.5%). Debt-to-equity was 22.05 (median 1.02).

What is the liquidity of RUSTAD ENERGI AS like?

The current ratio was 0.18 in 2023 (median 1.65). Current assets did not cover current liabilities.

How does RUSTAD ENERGI AS compare in Kraft og energi?

RUSTAD ENERGI AS ranks 1,235 of 1,405 in Kraft og energi for 2023. Among companies of the same size (small companies) it ranks 1,000 of 1,156.

From the Central Coordinating Register

Org. no.
891671172
Legal form
AS
Sector
Kraft og energi (35.121)
Size tier
small
Employees
0–4 (not registered)
Founded
20 August 2007 19 years in operation
Share capital
0.10 MNOK
Business address
7898 LIMINGEN (RØYRVIK)
Municipality
Raarvihke rank 4–8 of 8 in KOSTRA group 16
Audit
Audit opted out from 15 December 2011
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
Einar Sofienlund
Chair of the board
Einar Sofienlund
Board member
Per Arne Rustad
Board member
Anne Kari Helene Rustad
Accountant
SPAREBANK 1 REGNSKAPSHUSET SMN 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.

Report an issue

Figures last fetched 26 October 2026.

Details

Year by year · 2023–2025

Key figure202320242025Trend
Index223912
Rank1,2351,0431,487
Operating margin−32.5%24.4%−82.9%
Return on assets−2.1%2.5%−2.6%
Equity ratio4.3%0.4%−9.0%
Current ratio0.180.070.19
Revenue growth–52.9%−69.8%

Accounts

From the Brønnøysund Register Centre, in the company's reporting currency (NOK).

Key figure202320242025
Operating revenue0.4 MNOK0.6 MNOK0.2 MNOK
Operating profit−0.1 MNOK0.2 MNOK−0.2 MNOK
Profit before tax−0.6 MNOK−0.3 MNOK−0.6 MNOK
Net profit−0.5 MNOK−0.2 MNOK−0.6 MNOK
Financial expenses0.5 MNOK0.5 MNOK0.5 MNOK
Total assets6.2 MNOK6.1 MNOK6.0 MNOK
Current assets0.1 MNOK0.0 MNOK0.1 MNOK
Equity0.3 MNOK0.0 MNOK−0.5 MNOK
Retained earnings0.2 MNOK−0.1 MNOK−0.6 MNOK
Total liabilities6.0 MNOK6.0 MNOK6.6 MNOK
Current liabilities0.4 MNOK0.5 MNOK0.8 MNOK

Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 5368023.

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