SANDEX AS
Score · fiscal year 2024
20of 100
How to read this: the company is ahead of 13 % of small companies in the same sector in 2024. What does this mean?
Rank: 531 of 586 · Olje og gass
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 38 and solidity 0 out of 100 among small companies in the same sector in 2024. Methodology
Against the sector
SANDEX AS is 30 points below the median for small companies in the same sector in 2024.
Median score 50 among 324 companies.
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating margin | – | 4.2% |
| Profit margin | – | 10.1% |
| Return on assets | 0.0% | 3.4% |
| Equity ratio | −132.8% | 52.4% |
| Debt-to-equity | – | 0.41 |
| Current ratio | 0.24 | 1.74 |
| Revenue growth | – | 3.4% |
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 20, SANDEX AS does better than 13% of small companies in the same sector (325 companies) in 2024.
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 −132.8% in 2024, and ranks 531 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
| 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 −132.8% (median 52.4%).
- critical
Consider strengthening liquidity: current liabilities are 4.2 times current assets.
Based on: Current ratio 0.24 (median 1.74).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin – (median 10.1%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
See interest rates, prices and exchange rates for the sector
Data quality
- watch Revenue not reported
- watch No revenue but large assets
- 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 | 38 | weight 30% |
|---|---|---|
| Solidity | 0 | weight 25% |
| Liquidity | 11 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 28 | weight 15% |
Durability: 19 (average over 2 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 2024, against a median of 4.2% among small companies in the same sector. Return on assets was 0.0%. The company made a loss before tax.
How solid is SANDEX AS?
The equity ratio was −132.8% in 2024 (median 52.4%). Equity is negative, so liabilities exceed assets.
What is the liquidity of SANDEX AS like?
The current ratio was 0.24 in 2024 (median 1.74). Current assets did not cover current liabilities.
How does SANDEX AS compare in Olje og gass?
SANDEX AS ranks 531 of 586 in Olje og gass for 2024. Among companies of the same size (small companies) it ranks 283 of 325.
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 | 19 | 20 | 60 | |
| Rank | 511 | 531 | 167 | |
| 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 5895201.
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