Kogen AS
Score · fiscal year 2025
37of 100
How to read this: the company is ahead of 24 % of companies in the Morning class Small in the same sector in 2025. What does this mean?
Rank in the Morning class Small: 130 of 171 · What are Morning company classes?
Place in the whole sector: 648 of 863 · Kraft og energi
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 69 and solidity 5 out of 100 among companies in the Morning class Small in the same sector in 2025. Methodology
Against the sector
Kogen AS is 14 points below the median for companies in the Morning class Small in the same sector in 2025.
Median score 51 among 171 companies.
Against companies in the Morning class Small in the same sector in 2025: operating margin 14.0% (median 14.3%) and equity ratio 0.8% (median 36.6%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 23 MNOK | 23 MNOK |
| Operating margin | 14.0% | 14.3% |
| Profit margin | 14.4% | 14.6% |
| Return on assets | 19.7% | 6.0% |
| Equity ratio | 0.8% | 36.6% |
| Debt-to-equity | 128.15 | 1.60 |
| Current ratio | 0.92 | 1.34 |
| Revenue growth | −10.5% | 9.3% |
The median and “ahead of” refer to companies in the Morning class Small in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 37, Kogen AS does better than 24% of companies in the Morning class Small in the same sector (171 companies) in 2025.
Score 2023–2025
- Kogen AS
- Median: companies in the Morning class Small in the same sector
Kogen AS has a score of 37 for 2025, rank 648 of 863 in the sector.
Strongest: Profitability: percentile 69 against peers, operating margin 14.0% against a median of 14.3%.
Weakest: Solidity: percentile 5 against peers, equity ratio 0.8% against a median of 36.6%. Growth: percentile 24 against peers, revenue growth −10.5% against a median of 9.3%.
Worth a closer look
- The equity ratio is very low. Could the company absorb a bad year, and does it need more equity? Based on: equity ratio 0.8% (median 36.6%).
- Consider strengthening liquidity: current liabilities are 1.1 times current assets. Based on: current ratio 0.92 (median 1.34).
- What lies behind weak solidity, and will it last?
- What lies behind weak growth, 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
Kogen AS had an operating margin of 14.0% and an equity ratio of 0.8% in 2025, and ranks 648 of 863 in Kraft og energi.
From 2024 to 2025: the equity ratio fell from 36.7% to 0.8% and the operating margin fell from 20.9% to 14.0%.
Kogen AS did about the same as the sector in 2025, the sector's weakest year.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 0 MNOK and 30 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 26 MNOK |
| EV/EBIT | 8.0 | 30 MNOK |
| P/B | 1.0 | 0 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 equity ratio is very low. Could the company absorb a bad year, and does it need more equity?
Based on: Equity ratio 0.8% (median 36.6%).
- watch
Consider strengthening liquidity: current liabilities are 1.1 times current assets.
Based on: Current ratio 0.92 (median 1.34).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 0.0% 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.
See interest rates, prices and exchange rates for the sector
Data quality
No anomalies found in the figures.
Scenario analysis: the sector's weakest year
The operating margin was 14.0% in 2025 (sector median 16.1%), and the equity ratio 0.8%. In the other years the operating margin averaged 19.8%.
The sector's weakest year was 2025, with a median operating margin of 16.1%. 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 | 69 | weight 30% |
|---|---|---|
| Solidity | 5 | weight 25% |
| Liquidity | 26 | weight 15% |
| Growth | 24 | weight 15% |
| Consistency | 51 | weight 15% |
Durability: 47 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Kogen AS?
The operating margin was 14.0% in 2025, against a median of 14.3% among companies in the Morning class Small in the same sector. Return on assets was 19.7%.
How solid is Kogen AS?
The equity ratio was 0.8% in 2025 (median 36.6%). Debt-to-equity was 128.15 (median 1.60).
What is the liquidity of Kogen AS like?
The current ratio was 0.92 in 2025 (median 1.34). Current assets did not cover current liabilities.
How does Kogen AS compare in Kraft og energi?
Kogen AS ranks 648 of 863 in Kraft og energi for 2025. Among companies in the Morning class Small it is number 130 of 171. Revenue changed by −10.5% from the year before.
From the Central Coordinating Register
- Org. no.
- 931693980
- Legal form
- AS
- Sector
- Kraft og energi (35.110)
- Morning company class
- Small
- Employees
- 0–4 (not registered)
- Founded
- 12 June 2023 3 years in operation
- Share capital
- 0.03 MNOK
- Business address
- Ljøsøyvegen 75, 5337 RONG (ØYGARDEN)
- Municipality
- Øygarden rank 1–6 of 13 in KOSTRA group 10
- Latest accounts filed
- 2025
- LEI
- 984500B90CE9BCJ36074 renews 16 October 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
- Chair of the board
- Thor Humerfelt
- Board member
- Vegard Nataas
- Auditor
- Hordaland Revisjon AS
Source: Central Coordinating Register, fetched 29 October 2026. Only names are shown.
- Parent company
- No known owner
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 31 October 2026. The parent is the one the company itself reported to GLEIF.
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 | 34 | 71 | 37 | |
| Rank | 640 | 66 | 648 | |
| Operating margin | 18.7% | 20.9% | 14.0% | |
| Return on assets | 9.1% | 48.4% | 19.7% | |
| Equity ratio | 7.1% | 36.7% | 0.8% | |
| Current ratio | 1.07 | 1.47 | 0.92 | |
| Revenue growth | – | 329.7% | −10.5% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 6.0 MNOK | 25.7 MNOK | 23.0 MNOK |
| Operating profit | 1.1 MNOK | 5.4 MNOK | 3.2 MNOK |
| Profit before tax | 1.1 MNOK | 5.2 MNOK | 3.3 MNOK |
| Net profit | 0.8 MNOK | 4.0 MNOK | 2.6 MNOK |
| Financial expenses | 0.0 MNOK | 0.2 MNOK | 0.0 MNOK |
| Total assets | 12.2 MNOK | 11.1 MNOK | 16.8 MNOK |
| Current assets | 9.9 MNOK | 9.2 MNOK | 15.3 MNOK |
| Equity | 0.9 MNOK | 4.1 MNOK | 0.1 MNOK |
| Retained earnings | 0.8 MNOK | 4.1 MNOK | 0.1 MNOK |
| Total liabilities | 11.4 MNOK | 7.0 MNOK | 16.6 MNOK |
| Current liabilities | 9.2 MNOK | 6.3 MNOK | 16.6 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 27 October 2026, accounts id 6809336.
Further
Similar companies
- Kjerringnes Kraft AS index 37, rank 657 · compare
- Vegusdal Kraftverk AS index 37, rank 658 · compare
- Vardafjellet Vindkraft AS index 37, rank 663 · compare
- Rauma Energi Produksjon AS index 37, rank 664 · compare
- Forte Energy Norway AS index 36, rank 666 · compare