QGS AS
Score · fiscal year 2024
17of 100
How to read this: the company is ahead of 9 % of small companies in the same sector in 2024. What does this mean?
Rank: 28,473 of 31,127 · Bygg og anlegg
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 23 and solidity 0 out of 100 among small companies in the same sector in 2024. Methodology
Against the sector
QGS AS is 33 points below the median for small companies in the same sector in 2024.
Median score 50 among 30,031 companies.
Against small companies in the same sector in 2024: operating margin −1.4% (median 3.8%) and equity ratio −63.7% (median 36.8%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 6 MNOK | 3 MNOK |
| Operating margin | −1.4% | 3.8% |
| Profit margin | −1.7% | 3.4% |
| Return on assets | −11.7% | 5.8% |
| Equity ratio | −63.7% | 36.8% |
| Debt-to-equity | – | 1.19 |
| Current ratio | 0.32 | 1.45 |
| Revenue growth | −2.5% | 1.8% |
| Revenue per employee | 0.81 MNOK | 1.40 MNOK |
The median and “ahead of” refer to small companies in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
With an index of 17, QGS AS does better than 9% of small companies in the same sector (30,102 companies) in 2024.
Score 2023–2025
- QGS AS
- Median: small companies in the same sector
What the numbers say
QGS AS had an operating margin of −1.4% and an equity ratio of −63.7% in 2024, and ranks 28,473 of 31,127 in Bygg og anlegg.
From 2023 to 2024: the equity ratio fell from −50.3% to −63.7%.
This text is generated automatically from the 2024 accounts.
Three simple methods
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| 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 −63.7% (median 36.8%).
- critical
Consider strengthening liquidity: current liabilities are 3.1 times current assets.
Based on: Current ratio 0.32 (median 1.45).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −1.7% (median 3.4%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
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 2.5%. Based on the 10 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 23 | weight 30% |
|---|---|---|
| Solidity | 0 | weight 25% |
| Liquidity | 9 | weight 15% |
| Growth | 44 | weight 15% |
| Consistency | 14 | weight 15% |
Durability: 14 (average over 2 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is QGS AS?
The operating margin was −1.4% in 2024, against a median of 3.8% among small companies in the same sector. Return on assets was −11.7%. The company made a loss before tax.
How solid is QGS AS?
The equity ratio was −63.7% in 2024 (median 36.8%). Equity is negative, so liabilities exceed assets.
What is the liquidity of QGS AS like?
The current ratio was 0.32 in 2024 (median 1.45). Current assets did not cover current liabilities.
How does QGS AS compare in Bygg og anlegg?
QGS AS ranks 28,473 of 31,127 in Bygg og anlegg for 2024. Among companies of the same size (small companies) it ranks 27,414 of 30,102. Revenue changed by −2.5% from the year before.
From the Central Coordinating Register
- Org. no.
- 919880503
- Legal form
- AS
- Sector
- Bygg og anlegg (41.000)
- Size tier
- small
- Employees
- 7 registered 10 February 2026
- Founded
- 5 October 2017 9 years in operation
- Share capital
- 0.03 MNOK
- Business address
- Furustien 3, 3480 FILTVET (ASKER)
- Municipality
- Asker rank 2 of 11 in KOSTRA group 12
- Audit
- Audit opted out from 17 November 2017
- 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
- Andrzej Kij
- Chair of the board
- Andrzej Kij
- Accountant
- NORDIC EXPAT ACCOUNTING 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 | 11 | 17 | 15 | |
| Rank | 26,841 | 28,473 | 30,287 | |
| Operating margin | −1.7% | −1.4% | −6.0% | |
| Return on assets | −14.3% | −11.7% | −37.3% | |
| Equity ratio | −50.3% | −63.7% | −91.1% | |
| Current ratio | 0.34 | 0.32 | 0.39 | |
| Revenue growth | – | −2.5% | −10.6% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 5.8 MNOK | 5.7 MNOK | 5.1 MNOK |
| Operating profit | −0.1 MNOK | −0.1 MNOK | −0.3 MNOK |
| Profit before tax | −0.1 MNOK | −0.1 MNOK | −0.3 MNOK |
| Net profit | −0.1 MNOK | −0.1 MNOK | −0.3 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Total assets | 0.7 MNOK | 0.7 MNOK | 0.8 MNOK |
| Current assets | 0.3 MNOK | 0.3 MNOK | 0.5 MNOK |
| Equity | −0.3 MNOK | −0.4 MNOK | −0.7 MNOK |
| Retained earnings | −0.4 MNOK | −0.4 MNOK | −0.8 MNOK |
| Total liabilities | 1.0 MNOK | 1.1 MNOK | 1.6 MNOK |
| Current liabilities | 0.8 MNOK | 1.0 MNOK | 1.2 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 6020947.
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