SANDEX AS
Score · fiscal year 2025
60of 100
How to read this: the company is ahead of 69 % of small companies in the same sector in 2025. What does this mean?
Rank: 171 of 584 · Olje og gass
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 32 and solidity 94 out of 100 among small companies in the same sector in 2025. Methodology
Against the sector
SANDEX AS is 11 points above the median for small companies in the same sector in 2025.
Median score 49 among 310 companies.
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating margin | – | 1.6% |
| Profit margin | – | 8.7% |
| Return on assets | −2.3% | 2.9% |
| Equity ratio | 100.0% | 53.9% |
| Debt-to-equity | 0.00 | 0.39 |
| Current ratio | 3.18 | 1.77 |
| Revenue growth | – | 0.9% |
The median and “ahead of” refer to small companies in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 60, SANDEX AS does better than 69% of small companies in the same sector (314 companies) in 2025.
Score 2023–2025
- SANDEX AS
- Median: small companies in the same sector
What the numbers say
SANDEX AS had an operating margin of – and an equity ratio of 100.0% in 2025, and ranks 171 of 584 in Olje og gass.
From 2024 to 2025: the equity ratio rose from −132.8% to 100.0%.
This text is generated automatically from the 2025 accounts.
Three simple methods
One method gives a figure: 7 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 7 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 company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin – (median 8.7%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Data quality
- watch Revenue not reported
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 | 32 | weight 30% |
|---|---|---|
| Solidity | 94 | weight 25% |
| Liquidity | 64 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 55 | weight 15% |
Durability: 33 (average over 3 years)
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is SANDEX AS?
The operating margin was – in 2025, against a median of 1.6% among small companies in the same sector. Return on assets was −2.3%. The company made a loss before tax.
How solid is SANDEX AS?
The equity ratio was 100.0% in 2025 (median 53.9%). Debt-to-equity was 0.00 (median 0.39).
What is the liquidity of SANDEX AS like?
The current ratio was 3.18 in 2025 (median 1.77).
How does SANDEX AS compare in Olje og gass?
SANDEX AS ranks 171 of 584 in Olje og gass for 2025. Among companies of the same size (small companies) it ranks 98 of 314.
From the Central Coordinating Register
- Org. no.
- 925544582
- Legal form
- AS
- Sector
- Olje og gass (09.109)
- Size tier
- small
- Employees
- 0–4 (not registered)
- Founded
- 12 August 2020 6 years in operation
- Share capital
- 0.06 MNOK
- Business address
- Forusbeen 210, 4313 SANDNES
- Municipality
- Sandnes rank 3 of 11 in KOSTRA group 12
- Audit
- Audit opted out from 6 October 2026
- 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
- Morten Kornbrekk Urrang
- Chair of the board
- Olav Østhus
- Board member
- Bjørn Rygg
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 | 18 | 20 | 60 | |
| Rank | 513 | 532 | 171 | |
| Operating margin | – | – | – | |
| Return on assets | −0.2% | 0.0% | −2.3% | |
| Equity ratio | −132.8% | −132.8% | 100.0% | |
| Current ratio | 0.24 | 0.24 | 3.18 | |
| Revenue growth | – | – | – |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | – | – | – |
| Operating profit | 0.0 MNOK | 0.0 MNOK | −0.2 MNOK |
| Profit before tax | −0.2 MNOK | 0.0 MNOK | −0.2 MNOK |
| Net profit | −0.3 MNOK | 0.0 MNOK | −0.1 MNOK |
| Financial expenses | 0.2 MNOK | – | – |
| Total assets | 11.8 MNOK | 11.8 MNOK | 7.1 MNOK |
| Current assets | 6.5 MNOK | 6.5 MNOK | 0.0 MNOK |
| Equity | −15.6 MNOK | −15.6 MNOK | 7.1 MNOK |
| Retained earnings | −15.7 MNOK | −15.7 MNOK | – |
| Total liabilities | 27.4 MNOK | 27.4 MNOK | 0.0 MNOK |
| Current liabilities | 27.4 MNOK | 27.4 MNOK | 0.0 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 6695610.
Further
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