VÅRGRØNN BALTIC 2 AS
Score · fiscal year 2025
50of 100
How to read this: the company is ahead of 58 % of large companies in the same sector in 2025. What does this mean?
Rank: 738 of 1,571 · Kraft og energi
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 63 and solidity 66 out of 100 among large companies in the same sector in 2025. Methodology
Against the sector
VÅRGRØNN BALTIC 2 AS is 2 points above the median for large companies in the same sector in 2025.
Median score 48 among 72 companies.
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating margin | – | 20.8% |
| Profit margin | – | 18.0% |
| Return on assets | 6.5% | 4.5% |
| Equity ratio | 61.8% | 49.5% |
| Debt-to-equity | 0.62 | 1.03 |
| Current ratio | 0.80 | 1.18 |
| Revenue growth | – | 9.4% |
The median and “ahead of” refer to large companies in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 50, VÅRGRØNN BALTIC 2 AS does better than 58% of large companies in the same sector (72 companies) in 2025.
Score 2024–2025
- VÅRGRØNN BALTIC 2 AS
- Median: large companies in the same sector
VÅRGRØNN BALTIC 2 AS has a score of 50 for 2025, rank 738 of 1,571 in the sector.
Strongest: Solidity: percentile 66 against peers, equity ratio 61.8% against a median of 49.5%. Profitability: percentile 63 against peers.
Weakest: Consistency: percentile 20 against peers. Liquidity: percentile 29 against peers, current ratio 0.80 against a median of 1.18.
Worth a closer look
- Consider strengthening liquidity: current liabilities are 1.3 times current assets. Based on: current ratio 0.80 (median 1.18).
- 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
VÅRGRØNN BALTIC 2 AS had an operating margin of – and an equity ratio of 61.8% in 2025, and ranks 738 of 1,571 in Kraft og energi.
From 2024 to 2025: went from a loss to a profit before tax.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 57 MEUR and 82 MEUR.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 57 MEUR |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 82 MEUR |
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
Consider strengthening liquidity: current liabilities are 1.3 times current assets.
Based on: Current ratio 0.80 (median 1.18).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 3.2% 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 Revenue not reported
- watch No revenue but large assets
- watch Reports in a currency other than NOK
Scenario analysis: the sector's weakest year
We have no accounts for 2025, the sector's weakest year, for this company.
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 | 63 | weight 30% |
|---|---|---|
| Solidity | 66 | weight 25% |
| Liquidity | 29 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 20 | weight 15% |
Durability: 40 (average over 2 years)
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is VÅRGRØNN BALTIC 2 AS?
The operating margin was – in 2025, against a median of 20.8% among large companies in the same sector. Return on assets was 6.5%.
How solid is VÅRGRØNN BALTIC 2 AS?
The equity ratio was 61.8% in 2025 (median 49.5%). Debt-to-equity was 0.62 (median 1.03).
What is the liquidity of VÅRGRØNN BALTIC 2 AS like?
The current ratio was 0.80 in 2025 (median 1.18). Current assets did not cover current liabilities.
How does VÅRGRØNN BALTIC 2 AS compare in Kraft og energi?
VÅRGRØNN BALTIC 2 AS ranks 738 of 1,571 in Kraft og energi for 2025. Among companies of the same size (large companies) it ranks 31 of 72.
From the Central Coordinating Register
- Org. no.
- 934044215
- Legal form
- AS
- Sector
- Kraft og energi (35.122)
- Size tier
- large
- Employees
- 0–4 (not registered)
- Founded
- 1 June 2024 2 years in operation
- Share capital
- 0.06 MNOK
- Business address
- Forusparken 2, 4031 STAVANGER
- Municipality
- Stavanger rank 5–9 of 11 in KOSTRA group 12
- 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
- Chair of the board
- Stephen Martin Bull
- Board member
- Andrea Quarta
- Auditor
- PRICEWATERHOUSECOOPERS AS
- Accountant
- ENORA 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 · 2024–2025
| Key figure | 2024 | 2025 | Trend |
|---|---|---|---|
| Index | 30 | 50 | |
| Rank | 1,216 | 738 | |
| Operating margin | – | – | |
| Return on assets | −0.4% | 6.5% | |
| Equity ratio | 64.5% | 61.8% | |
| Current ratio | 0.85 | 0.80 | |
| Revenue growth | – | – |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (EUR).
| Key figure | 2024 | 2025 |
|---|---|---|
| Operating revenue | – | – |
| Operating profit | −0.5 MEUR | −0.1 MEUR |
| Profit before tax | −0.5 MEUR | 7.0 MEUR |
| Net profit | −0.5 MEUR | 5.7 MEUR |
| Financial expenses | 0.0 MEUR | 1.6 MEUR |
| Total assets | 128.2 MEUR | 132.4 MEUR |
| Current assets | 7.3 MEUR | 11.5 MEUR |
| Equity | 82.7 MEUR | 81.8 MEUR |
| Retained earnings | −0.5 MEUR | 0.3 MEUR |
| Total liabilities | 45.5 MEUR | 50.6 MEUR |
| Current liabilities | 8.5 MEUR | 14.4 MEUR |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 27 October 2026, accounts id 6774130.
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