OKEA ASA
Score · fiscal year 2025
22of 100
How to read this: the company is ahead of 8 % of companies in the Morning class Large in the same sector in 2025. What does this mean?
Rank in the Morning class Large: 84 of 91 · What are Morning company classes?
Place in the whole sector: 291 of 316 · Olje og gass
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 9 and solidity 9 out of 100 among companies in the Morning class Large in the same sector in 2025. Methodology
Against the sector
OKEA ASA is 27 points below the median for companies in the Morning class Large in the same sector in 2025.
Median score 49 among 91 companies.
Against companies in the Morning class Large in the same sector in 2025: operating margin −4.3% (median 10.5%) and equity ratio 3.2% (median 23.1%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 8,397 MNOK | 2,011 MNOK |
| Operating margin | −4.3% | 10.5% |
| Profit margin | −4.1% | 7.8% |
| Return on assets | 1.0% | 13.5% |
| Equity ratio | 3.2% | 23.1% |
| Debt-to-equity | 30.74 | 3.01 |
| Current ratio | 1.49 | 1.15 |
| Revenue growth | – | 6.5% |
| Revenue per employee | 15.49 MNOK | 6.50 MNOK |
The median and “ahead of” refer to companies in the Morning class Large in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 22, OKEA ASA does better than 8% of companies in the Morning class Large in the same sector (91 companies) in 2025.
Score 2023–2025
- OKEA ASA
- Median: companies in the Morning class Large in the same sector
OKEA ASA has a score of 22 for 2025, rank 291 of 316 in the sector.
Strongest: Liquidity: percentile 72 against peers, current ratio 1.49 against a median of 1.15.
Weakest: Solidity: percentile 9 against peers, equity ratio 3.2% against a median of 23.1%. Profitability: percentile 9 against peers, operating margin −4.3% against a median of 10.5%.
Worth a closer look
- The equity ratio is very low. Could the company absorb a bad year, and does it need more equity? Based on: equity ratio 3.2% (median 23.1%).
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin −4.1% (median 7.8%).
- The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors? Based on: operating margin −4.3% (median 10.5%).
- What lies behind weak solidity, 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
OKEA ASA had an operating margin of −4.3% and an equity ratio of 3.2% in 2025, and ranks 291 of 316 in Olje og gass.
From 2024 to 2025: the operating margin fell from 44.1% to −4.3% and went from a profit to a loss before tax.
This text is generated automatically from the 2025 accounts.
Three simple methods
One method gives a figure: 57 MUSD.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 57 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
- watch
The equity ratio is very low. Could the company absorb a bad year, and does it need more equity?
Based on: Equity ratio 3.2% (median 23.1%).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −4.1% (median 7.8%).
- 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 −4.3% (median 10.5%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 2.9% 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
- 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 1.6%. 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 | 9 | weight 30% |
|---|---|---|
| Solidity | 9 | weight 25% |
| Liquidity | 72 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 21 | weight 15% |
Durability: 35 (average over 3 years)
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is OKEA ASA?
The operating margin was −4.3% in 2025, against a median of 10.5% among companies in the Morning class Large in the same sector. Return on assets was 1.0%. The company made a loss before tax.
How solid is OKEA ASA?
The equity ratio was 3.2% in 2025 (median 23.1%). Debt-to-equity was 30.74 (median 3.01).
What is the liquidity of OKEA ASA like?
The current ratio was 1.49 in 2025 (median 1.15).
How does OKEA ASA compare in Olje og gass?
OKEA ASA ranks 291 of 316 in Olje og gass for 2025. Among companies in the Morning class Large it is number 84 of 91.
From the Central Coordinating Register
- Org. no.
- 915419062
- Legal form
- ASA
- Sector
- Olje og gass (06.200)
- Morning company class
- Large
- Employees
- 542 registered 10 August 2026
- Founded
- 29 April 2015 11 years in operation
- Share capital
- 10.39 MNOK
- Business address
- Kongens gate 8, 7011 TRONDHEIM
- Municipality
- Trondheim rank 3 of 11 in KOSTRA group 12
- Latest accounts filed
- 2025
- LEI
- 549300H385IGBB58CN91 renews 17 December 2027
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
Loading roles …
Source: Central Coordinating Register, fetched 29 October 2026. Only names are shown.
- Parent company
- No known owner
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 29 October 2026. The parent is the one the company itself reported to GLEIF.
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 | 27 | 56 | 22 | |
| Rank | 273 | 113 | 291 | |
| Operating margin | 14.8% | 44.1% | −4.3% | |
| Return on assets | 8.5% | 26.6% | 1.0% | |
| Equity ratio | 3.9% | 5.6% | 3.2% | |
| Current ratio | 0.82 | 1.31 | 1.49 | |
| Revenue growth | – | 26.6% | – |
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 2025–31 December 2025: 10.3912 (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 | 8,884.5 MNOK | 11,246.1 MNOK | 808.1 MUSD |
| Operating profit | 1,316.2 MNOK | 4,962.8 MNOK | −34.5 MUSD |
| Profit before tax | 1,099.0 MNOK | 4,562.0 MNOK | −32.9 MUSD |
| Net profit | −935.4 MNOK | 383.3 MNOK | −54.7 MUSD |
| Financial expenses | 481.5 MNOK | 700.0 MNOK | 51.5 MUSD |
| Total assets | 18,499.6 MNOK | 19,787.0 MNOK | 1,815.6 MUSD |
| Current assets | 4,459.4 MNOK | 6,583.4 MNOK | 560.3 MUSD |
| Equity | 725.6 MNOK | 1,111.0 MNOK | 57.2 MUSD |
| Retained earnings | −723.4 MNOK | −338.0 MNOK | −126.8 MUSD |
| Total liabilities | 17,774.0 MNOK | 18,676.0 MNOK | 1,758.4 MUSD |
| Current liabilities | 5,440.2 MNOK | 5,019.1 MNOK | 377.3 MUSD |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 6931774.
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