PRIMARY SOLUTIONS AS
Score · fiscal year 2023
6of 100
How to read this: the company is ahead of 5 % of small companies in the same sector in 2023. What does this mean?
Rank: 549 of 565 · Olje og gass
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2023, not a verdict on the company. Based on profitability 6 and solidity 0 out of 100 among small companies in the same sector in 2023. Methodology
Against the sector
PRIMARY SOLUTIONS AS is 44 points below the median for small companies in the same sector in 2023.
Median score 50 among 324 companies.
Against small companies in the same sector in 2023: operating margin −339.5% (median 4.3%) and equity ratio −312.7% (median 48.8%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 0 MNOK | 3 MNOK |
| Operating margin | −339.5% | 4.3% |
| Profit margin | −339.8% | 9.4% |
| Return on assets | −265.7% | 3.4% |
| Equity ratio | −312.7% | 48.8% |
| Debt-to-equity | – | 0.50 |
| Current ratio | 0.12 | 1.51 |
| Revenue growth | – | −40.2% |
The median and “ahead of” refer to small companies in the same sector in 2023. The bar shows the share of companies the figure is ahead of.
With an index of 6, PRIMARY SOLUTIONS AS does better than 5% of small companies in the same sector (325 companies) in 2023.
Score 2023–2025
- PRIMARY SOLUTIONS AS
- Median: small companies in the same sector
What the numbers say
PRIMARY SOLUTIONS AS had an operating margin of −339.5% and an equity ratio of −312.7% in 2023, and ranks 549 of 565 in Olje og gass.
This text is generated automatically from the 2023 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 −312.7% (median 48.8%).
- critical
Consider strengthening liquidity: current liabilities are 8.4 times current assets.
Based on: Current ratio 0.12 (median 1.51).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −339.8% (median 9.4%).
- 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 −339.5% (median 4.3%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 0.1% of the debt in 2023. The policy rate averaged 3.54 % 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 Extreme margin: check the figures
- 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 | 6 | weight 30% |
|---|---|---|
| Solidity | 0 | weight 25% |
| Liquidity | 10 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 13 | weight 15% |
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is PRIMARY SOLUTIONS AS?
The operating margin was −339.5% in 2023, against a median of 4.3% among small companies in the same sector. Return on assets was −265.7%. The company made a loss before tax.
How solid is PRIMARY SOLUTIONS AS?
The equity ratio was −312.7% in 2023 (median 48.8%). Equity is negative, so liabilities exceed assets.
What is the liquidity of PRIMARY SOLUTIONS AS like?
The current ratio was 0.12 in 2023 (median 1.51). Current assets did not cover current liabilities.
How does PRIMARY SOLUTIONS AS compare in Olje og gass?
PRIMARY SOLUTIONS AS ranks 549 of 565 in Olje og gass for 2023. Among companies of the same size (small companies) it ranks 309 of 325.
From the Central Coordinating Register
- Org. no.
- 925777803
- Legal form
- AS
- Sector
- Olje og gass (09.109)
- Size tier
- small
- Employees
- 0–4 (not registered)
- Founded
- 25 September 2020 6 years in operation
- Share capital
- 0.03 MNOK
- Business address
- c/o Mitchel Ohlin, Steingata 81C, 4024 STAVANGER
- Municipality
- Stavanger rank 5 of 11 in KOSTRA group 12
- Audit
- Audit opted out from 12 October 2020
- Latest accounts filed
- 2025
- LEI
- 636700HT6BIFVH3IBC48 renews 17 August 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
- Chief executive
- Mitchel André Ohlin
- Chair of the board
- Mitchel André Ohlin
- Accountant
- TALLHUSET AS
Source: Central Coordinating Register, fetched 29 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 | 6 | 74 | 20 | |
| Rank | 549 | 33 | 537 | |
| Operating margin | −339.5% | 38.7% | −19.7% | |
| Return on assets | −265.7% | 177.8% | −492.8% | |
| Equity ratio | −312.7% | 59.4% | −191.5% | |
| Current ratio | 0.12 | 2.47 | 0.34 | |
| Revenue growth | – | 1,462.2% | 4.0% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 0.1 MNOK | 0.9 MNOK | 1.0 MNOK |
| Operating profit | −0.2 MNOK | 0.4 MNOK | −0.2 MNOK |
| Profit before tax | −0.2 MNOK | 0.4 MNOK | −0.2 MNOK |
| Net profit | −0.2 MNOK | 0.4 MNOK | −0.2 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Total assets | 0.1 MNOK | 0.2 MNOK | 0.0 MNOK |
| Current assets | 0.0 MNOK | 0.2 MNOK | 0.0 MNOK |
| Equity | −0.2 MNOK | 0.1 MNOK | −0.1 MNOK |
| Retained earnings | −0.3 MNOK | 0.1 MNOK | −0.1 MNOK |
| Total liabilities | 0.3 MNOK | 0.1 MNOK | 0.1 MNOK |
| Current liabilities | 0.3 MNOK | 0.1 MNOK | 0.1 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 5177251.
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