FORCE TECHNOLOGY NORWAY AS
Score · fiscal year 2024
62of 100
How to read this: the company is ahead of 72 % of medium-sized companies in the same sector in 2024. What does this mean?
Rank: 136 of 586 · Olje og gass
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 49 and solidity 68 out of 100 among medium-sized companies in the same sector in 2024. Methodology
Against the sector
FORCE TECHNOLOGY NORWAY AS is 14 points above the median for medium-sized companies in the same sector in 2024.
Median score 48 among 144 companies.
Against medium-sized companies in the same sector in 2024: operating margin 4.0% (median 7.0%) and equity ratio 57.6% (median 40.2%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 280 MNOK | 246 MNOK |
| Operating margin | 4.0% | 7.0% |
| Profit margin | 5.4% | 9.2% |
| Return on assets | 12.1% | 9.9% |
| Equity ratio | 57.6% | 40.2% |
| Debt-to-equity | 0.73 | 1.32 |
| Current ratio | 1.98 | 1.31 |
| Revenue growth | 19.1% | 15.1% |
| Revenue per employee | 4.05 MNOK | 3.98 MNOK |
The median and “ahead of” refer to medium-sized companies in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
With an index of 62, FORCE TECHNOLOGY NORWAY AS does better than 72% of medium-sized companies in the same sector (144 companies) in 2024.
Score 2023–2025
- FORCE TECHNOLOGY NORWAY AS
- Median: medium-sized companies in the same sector
What the numbers say
FORCE TECHNOLOGY NORWAY AS had an operating margin of 4.0% and an equity ratio of 57.6% in 2024, and ranks 136 of 586 in Olje og gass.
From 2023 to 2024: revenue grew by 19%.
This text is generated automatically from the 2024 accounts.
Three simple methods
The methods give between 87 MNOK and 143 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 124 MNOK |
| EV/EBIT | 8.0 | 143 MNOK |
| P/B | 1.0 | 87 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
No rules were triggered for this year.
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Data quality
No anomalies found in the figures.
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 | 49 | weight 30% |
|---|---|---|
| Solidity | 68 | weight 25% |
| Liquidity | 74 | weight 15% |
| Growth | 59 | weight 15% |
| Consistency | 66 | weight 15% |
Durability: 58 (average over 2 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is FORCE TECHNOLOGY NORWAY AS?
The operating margin was 4.0% in 2024, against a median of 7.0% among medium-sized companies in the same sector. Return on assets was 12.1%.
How solid is FORCE TECHNOLOGY NORWAY AS?
The equity ratio was 57.6% in 2024 (median 40.2%). Debt-to-equity was 0.73 (median 1.32).
What is the liquidity of FORCE TECHNOLOGY NORWAY AS like?
The current ratio was 1.98 in 2024 (median 1.31).
How does FORCE TECHNOLOGY NORWAY AS compare in Olje og gass?
FORCE TECHNOLOGY NORWAY AS ranks 136 of 586 in Olje og gass for 2024. Among companies of the same size (medium-sized companies) it ranks 41 of 144. Revenue changed by 19.1% from the year before.
Group accounts · 2025
76 of 100
Rank 43 of 743 groups with group accounts. Groups are ranked only against each other, not against single companies.
| Key figure | The group | The company alone (2024) |
|---|---|---|
| Operating margin | 10.3% | – |
| Return on assets | 21.0% | – |
| Equity ratio | 76.9% | – |
| Current ratio | 4.18 | – |
| Revenue growth | −14.3% | – |
Group index in earlier years: 2023: 60 (277 of 856), 2024: 73 (91 of 741).
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.
Public contracts
- Contracts awarded since 2024
- 1
- Total awarded value since 2024
- value not stated
- 1 contracts without a stated value are not in the total.
| Date | Buyer | Notice | Value |
|---|---|---|---|
| 23 May 2025 | Bane NOR SF | Anskaffelse sertifisering sveisere | value not stated |
Based on notices in Doffin. Does not show call-offs under framework agreements or purchases below the publication threshold. Values are as stated by the buyer.
Source: Doffin (DFØ), fetched 27 October 2026. Winners are matched on organisation number.
Contains data under the Norwegian licence for public data (NLOD 2.0) made available by Doffin/the Norwegian Agency for Public and Financial Management (DFØ). NLOD 2.0
From the Central Coordinating Register
- Org. no.
- 985586632
- Legal form
- AS
- Sector
- Olje og gass (09.109)
- Size tier
- medium
- Employees
- 69 registered 10 September 2026
- Founded
- 28 February 2003 23 years in operation
- Share capital
- 5.72 MNOK
- Business address
- Nye Vakås vei 32, 1395 HVALSTAD (ASKER)
- Municipality
- Asker rank 1 of 11 in KOSTRA group 12
- Latest accounts filed
- 2025
- Website
- www.forcetechnology.no
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
- Håkon Hallem
- Chair of the board
- Tommy Kristensen Bysted
- Board member
- Bo Christensen
- Board member
- Tove Feld
- Board member
- Erlend Fjøsne Nordstrand
- Board member
- Emmy Alfnes
- Deputy member
- Monica Hammerfjell Haugan
- Auditor
- TELL NORGE AS
- Accountant
- VISMA ENTERPRISE 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 26 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 54 | 62 | 66 | |
| Rank | 230 | 136 | 103 | |
| Operating margin | 2.4% | 4.0% | 10.1% | |
| Return on assets | 8.3% | 12.1% | 19.8% | |
| Equity ratio | 52.9% | 57.6% | 73.3% | |
| Current ratio | 1.64 | 1.98 | 3.37 | |
| Revenue growth | – | 19.1% | −13.7% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 234.8 MNOK | 279.8 MNOK | 241.4 MNOK |
| Operating profit | 5.7 MNOK | 11.2 MNOK | 24.4 MNOK |
| Profit before tax | 5.9 MNOK | 15.2 MNOK | 26.8 MNOK |
| Net profit | 5.3 MNOK | 12.4 MNOK | 21.1 MNOK |
| Financial expenses | 5.8 MNOK | 3.0 MNOK | 2.4 MNOK |
| Total assets | 141.4 MNOK | 151.0 MNOK | 147.6 MNOK |
| Current assets | 106.1 MNOK | 123.7 MNOK | 125.1 MNOK |
| Equity | 74.7 MNOK | 87.0 MNOK | 108.1 MNOK |
| Retained earnings | – | – | – |
| Total liabilities | 66.7 MNOK | 64.0 MNOK | 39.5 MNOK |
| Current liabilities | 64.8 MNOK | 62.3 MNOK | 37.1 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 5677415.
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