RELEASE SOLAR AS
Score · fiscal year 2025
56of 100
How to read this: the company is ahead of 64 % of small companies in the same sector in 2025. What does this mean?
Rank: 565 of 1,571 · Kraft og energi
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 20 and solidity 81 out of 100 among small companies in the same sector in 2025. Methodology
Against the sector
RELEASE SOLAR AS is 7 points above the median for small companies in the same sector in 2025.
Median score 49 among 1,302 companies.
Against small companies in the same sector in 2025: operating margin −355.1% (median 10.9%) and equity ratio 87.3% (median 38.2%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 12 MNOK | 2 MNOK |
| Operating margin | −355.1% | 10.9% |
| Profit margin | −221.8% | 2.1% |
| Return on assets | −1.6% | 0.4% |
| Equity ratio | 87.3% | 38.2% |
| Debt-to-equity | 0.15 | 1.06 |
| Current ratio | 8.21 | 1.67 |
| Revenue growth | 136.7% | 0.8% |
| Revenue per employee | 0.68 MNOK | 2.57 MNOK |
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 56, RELEASE SOLAR AS does better than 64% of small companies in the same sector (1,315 companies) in 2025.
Score 2023–2025
- RELEASE SOLAR AS
- Median: small companies in the same sector
RELEASE SOLAR AS has a score of 56 for 2025, rank 565 of 1,571 in the sector.
Strongest: Growth: percentile 95 against peers, revenue growth 136.7% against a median of 0.8%. Liquidity: percentile 85 against peers, current ratio 8.21 against a median of 1.67.
Weakest: Profitability: percentile 20 against peers, operating margin −355.1% against a median of 10.9%. Consistency: percentile 23 against peers.
Worth a closer look
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin −221.8% (median 2.1%).
- The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors? Based on: operating margin −355.1% (median 10.9%).
- What lies behind weak profitability, and will it last?
- What lies behind weak consistency, and will it last?
Written by fixed rules from the figures. Describes the figures, does not explain causes. Not investment or financial advice. How the summary is made
What the numbers say
RELEASE SOLAR AS had an operating margin of −355.1% and an equity ratio of 87.3% in 2025, and ranks 565 of 1,571 in Kraft og energi.
From 2024 to 2025: the operating margin rose from −676.4% to −355.1% and revenue grew by 137%.
RELEASE SOLAR AS did weaker than the sector in 2025, the sector's weakest year.
This text is generated automatically from the 2025 accounts.
Three simple methods
One method gives a figure: 124 MUSD.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 124 MUSD |
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 −221.8% (median 2.1%).
- 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 −355.1% (median 10.9%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 1.9% of the debt in 2025. The policy rate averaged 4.30 % the same year. This is a plain description of what the debt cost, not a model of interest sensitivity.
Data quality
- watch Extreme margin: check the figures
- watch Reports in a currency other than NOK
Scenario analysis: the sector's weakest year
The operating margin was −355.1% in 2025 (sector median 12.6%), and the equity ratio 87.3%. The company had a loss before tax that year. In the other years the operating margin averaged −428.9%.
The sector's weakest year was 2025, with a median operating margin of 12.6%. 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 | 20 | weight 30% |
|---|---|---|
| Solidity | 81 | weight 25% |
| Liquidity | 85 | weight 15% |
| Growth | 95 | weight 15% |
| Consistency | 23 | weight 15% |
Durability: 58 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is RELEASE SOLAR AS?
The operating margin was −355.1% in 2025, against a median of 10.9% among small companies in the same sector. Return on assets was −1.6%. The company made a loss before tax.
How solid is RELEASE SOLAR AS?
The equity ratio was 87.3% in 2025 (median 38.2%). Debt-to-equity was 0.15 (median 1.06).
What is the liquidity of RELEASE SOLAR AS like?
The current ratio was 8.21 in 2025 (median 1.67).
How does RELEASE SOLAR AS compare in Kraft og energi?
RELEASE SOLAR AS ranks 565 of 1,571 in Kraft og energi for 2025. Among companies of the same size (small companies) it ranks 474 of 1,315. Revenue changed by 136.7% from the year before.
Group accounts · 2025
55 of 100
Rank 387 of 975 groups with group accounts. Groups are ranked only against each other, not against single companies.
The group accounts are in USD. We show ratios, not amounts.
| Key figure | The group | The company alone (2025) |
|---|---|---|
| Operating margin | −40.1% | −355.1% |
| Return on assets | −2.3% | −1.6% |
| Equity ratio | 80.0% | 87.3% |
| Current ratio | 4.29 | 8.21 |
| Revenue growth | 29.4% | 136.7% |
Group index in earlier years: 2023: 53 (509 of 1176), 2024: 54 (421 of 994).
Same formulas and weights as the company index. Group and company are never added together, and the group accounts are not part of sector averages or company rankings.
Source: Brønnøysund Register Centre, group accounts 2025 (open data, NLOD 2.0).
We do not show the group structure, because open data does not say who owns whom.
From the Central Coordinating Register
- Org. no.
- 929432517
- Legal form
- AS
- Sector
- Kraft og energi (35.123)
- Size tier
- small
- Employees
- 18 registered 10 July 2026
- Founded
- 16 May 2022 4 years in operation
- Share capital
- 0.10 MNOK
- Business address
- Askekroken 11, 0277 OSLO
- Municipality
- Oslo rank 106–282 of 357 in Norway
- Latest accounts filed
- 2025
- Website
- www.releasesolar.com
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
- Hans Olav Kvalvaag
- Chair of the board
- Terje Pilskog
- Board member
- Siobhan Minnaar
- Board member
- Tarun Brahma
- Board member
- Alberto Gambacorta
- Board member
- Darron Ray Johnson
- Deputy member
- Albane Anne Olivia Psaume
- Deputy member
- Jonathan Samuel Campbell-Copp
- Auditor
- PRICEWATERHOUSECOOPERS 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 27 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 59 | 58 | 56 | |
| Rank | 426 | 458 | 565 | |
| Operating margin | −181.4% | −676.4% | −355.1% | |
| Return on assets | 0.0% | −0.5% | −1.6% | |
| Equity ratio | 99.3% | 98.0% | 87.3% | |
| Current ratio | 49.65 | 6.76 | 8.21 | |
| Revenue growth | – | 19.6% | 136.7% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (USD). Revenue in NOK is converted from USD at the mean rate for the accounting period 1 January 2025–31 December 2025: 10.3912 (norges_bank). Balance-sheet amounts use the rate on the balance-sheet date. Ratios and growth are computed in USD. Exchange rates at Norges Bank
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 0.4 MUSD | 0.5 MUSD | 1.2 MUSD |
| Operating profit | −0.8 MUSD | −3.4 MUSD | −4.2 MUSD |
| Profit before tax | 0.0 MUSD | −0.6 MUSD | −2.6 MUSD |
| Net profit | 0.0 MUSD | −0.2 MUSD | −2.3 MUSD |
| Financial expenses | 0.0 MUSD | 0.0 MUSD | 0.3 MUSD |
| Total assets | 127.7 MUSD | 129.2 MUSD | 142.4 MUSD |
| Current assets | 45.1 MUSD | 17.6 MUSD | 22.8 MUSD |
| Equity | 126.8 MUSD | 126.6 MUSD | 124.3 MUSD |
| Retained earnings | 0.0 MUSD | −0.2 MUSD | −2.5 MUSD |
| Total liabilities | 0.9 MUSD | 2.6 MUSD | 18.1 MUSD |
| Current liabilities | 0.9 MUSD | 2.6 MUSD | 2.8 MUSD |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 27 October 2026, accounts id 6833906.
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