M VEST ENERGY AS
Score · fiscal year 2024
37of 100
How to read this: the company is ahead of 26 % of medium-sized companies in the same sector in 2024. What does this mean?
Rank: 434 of 586 · Olje og gass
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 81 and solidity 0 out of 100 among medium-sized companies in the same sector in 2024. Methodology
Against the sector
M VEST ENERGY 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 31.6% (median 6.2%) and equity ratio −5.4% (median 36.8%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 814 MNOK | 262 MNOK |
| Operating margin | 31.6% | 6.2% |
| Profit margin | 21.4% | 8.3% |
| Return on assets | 19.9% | 9.2% |
| Equity ratio | −5.4% | 36.8% |
| Debt-to-equity | – | 1.32 |
| Current ratio | 0.43 | 1.27 |
| Revenue growth | 3.7% | 14.0% |
| Revenue per employee | 58.14 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, M VEST ENERGY AS does better than 26% of medium-sized companies in the same sector (167 companies) in 2024.
Score 2023–2025
- M VEST ENERGY AS
- Median: medium-sized companies in the same sector
What the numbers say
M VEST ENERGY AS had an operating margin of 31.6% and an equity ratio of −5.4% in 2024, and ranks 434 of 586 in Olje og gass.
No large changes in the key figures from 2023 to 2024.
This text is generated automatically from the 2024 accounts.
Three simple methods
The methods give between 9 MNOK and 1,259 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 9 MNOK |
| EV/EBIT | 8.0 | 1,259 MNOK |
| P/B | 1.0 | not meaningful |
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
- critical
Equity is negative. How will it be rebuilt, and what do lenders and the auditor say about going concern?
Based on: Equity ratio −5.4% (median 36.8%).
- critical
Consider strengthening liquidity: current liabilities are 2.3 times current assets.
Based on: Current ratio 0.43 (median 1.27).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 7.1% 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
- critical Negative equity
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 | 81 | weight 30% |
|---|---|---|
| Solidity | 0 | weight 25% |
| Liquidity | 11 | weight 15% |
| Growth | 32 | weight 15% |
| Consistency | 44 | weight 15% |
Durability: 37 (average over 2 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is M VEST ENERGY AS?
The operating margin was 31.6% in 2024, against a median of 6.2% among medium-sized companies in the same sector. Return on assets was 19.9%.
How solid is M VEST ENERGY AS?
The equity ratio was −5.4% in 2024 (median 36.8%). Equity is negative, so liabilities exceed assets.
What is the liquidity of M VEST ENERGY AS like?
The current ratio was 0.43 in 2024 (median 1.27). Current assets did not cover current liabilities.
How does M VEST ENERGY AS compare in Olje og gass?
M VEST ENERGY AS ranks 434 of 586 in Olje og gass for 2024. Among companies of the same size (medium-sized companies) it ranks 124 of 167. Revenue changed by 3.7% from the year before.
From the Central Coordinating Register
- Org. no.
- 916358857
- Legal form
- AS
- Sector
- Olje og gass (06.100)
- Size tier
- medium
- Employees
- 14 registered 10 February 2026
- Founded
- 7 December 2015 10 years in operation
- Share capital
- 0.08 MNOK
- Business address
- Edvard Griegs vei 3C, 5059 BERGEN
- Municipality
- Bergen rank 9 of 11 in KOSTRA group 12
- 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
- Jonny Hesthammer
- Chair of the board
- Lars Moldestad
- Board member
- Jonny Hesthammer
- Auditor
- DELOITTE AS
- Accountant
- TMF NORWAY 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 | 36 | 37 | 35 | |
| Rank | 408 | 434 | 446 | |
| Operating margin | 33.4% | 31.6% | 15.3% | |
| Return on assets | 20.9% | 19.9% | 9.3% | |
| Equity ratio | −5.6% | −5.4% | −6.6% | |
| Current ratio | 0.96 | 0.43 | 1.15 | |
| Revenue growth | – | 3.7% | −10.8% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 785.0 MNOK | 814.0 MNOK | 726.0 MNOK |
| Operating profit | 261.9 MNOK | 256.9 MNOK | 111.0 MNOK |
| Profit before tax | 148.7 MNOK | 174.3 MNOK | 25.1 MNOK |
| Net profit | −32.0 MNOK | 0.9 MNOK | −20.5 MNOK |
| Financial expenses | 141.1 MNOK | 106.0 MNOK | 109.8 MNOK |
| Total assets | 1,386.9 MNOK | 1,411.8 MNOK | 1,456.3 MNOK |
| Current assets | 225.4 MNOK | 270.2 MNOK | 206.2 MNOK |
| Equity | −77.0 MNOK | −76.2 MNOK | −96.7 MNOK |
| Retained earnings | −175.3 MNOK | −174.4 MNOK | −194.9 MNOK |
| Total liabilities | 1,464.0 MNOK | 1,487.9 MNOK | 1,553.0 MNOK |
| Current liabilities | 234.5 MNOK | 626.4 MNOK | 179.8 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 6014993.
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