NORTH SEA RIGS AS
Score · fiscal year 2024
48of 100
How to read this: the company is ahead of 47 % of small companies in the same sector in 2024. What does this mean?
Rank: 295 of 586 · Olje og gass
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 56 and solidity 23 out of 100 among small companies in the same sector in 2024. Methodology
Against the sector
NORTH SEA RIGS AS is 2 points below the median for small companies in the same sector in 2024.
Median score 50 among 310 companies.
Against small companies in the same sector in 2024: operating margin 1.1% (median 4.6%) and equity ratio 19.3% (median 52.2%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 59 MNOK | 3 MNOK |
| Operating margin | 1.1% | 4.6% |
| Profit margin | 4.0% | 10.2% |
| Return on assets | 13.3% | 3.7% |
| Equity ratio | 19.3% | 52.2% |
| Debt-to-equity | 4.19 | 0.42 |
| Current ratio | 1.10 | 1.76 |
| Revenue growth | 59.8% | 3.9% |
The median and “ahead of” refer to small companies in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
With an index of 48, NORTH SEA RIGS AS does better than 47% of small companies in the same sector (311 companies) in 2024.
Score 2023–2025
- NORTH SEA RIGS AS
- Median: small companies in the same sector
What the numbers say
NORTH SEA RIGS AS had an operating margin of 1.1% and an equity ratio of 19.3% in 2024, and ranks 295 of 586 in Olje og gass.
From 2023 to 2024: went from a loss to a profit before tax and the operating margin rose from −11.3% to 1.1%.
This text is generated automatically from the 2024 accounts.
Three simple methods
The methods give between 5 MNOK and 18 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 18 MNOK |
| EV/EBIT | 8.0 | 14 MNOK |
| P/B | 1.0 | 5 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
Strong growth with weak liquidity. Is the growth financed, or does it tie up capital the company does not have?
Based on: Revenue growth 59.8% (median 3.9%); Current ratio 1.10 (median 1.76).
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 | 56 | weight 30% |
|---|---|---|
| Solidity | 23 | weight 25% |
| Liquidity | 33 | weight 15% |
| Growth | 86 | weight 15% |
| Consistency | 52 | weight 15% |
Durability: 36 (average over 2 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is NORTH SEA RIGS AS?
The operating margin was 1.1% in 2024, against a median of 4.6% among small companies in the same sector. Return on assets was 13.3%.
How solid is NORTH SEA RIGS AS?
The equity ratio was 19.3% in 2024 (median 52.2%). Debt-to-equity was 4.19 (median 0.42).
What is the liquidity of NORTH SEA RIGS AS like?
The current ratio was 1.10 in 2024 (median 1.76).
How does NORTH SEA RIGS AS compare in Olje og gass?
NORTH SEA RIGS AS ranks 295 of 586 in Olje og gass for 2024. Among companies of the same size (small companies) it ranks 166 of 311. Revenue changed by 59.8% from the year before.
From the Central Coordinating Register
- Org. no.
- 997504704
- Legal form
- AS
- Sector
- Olje og gass (09.101)
- Size tier
- small
- Employees
- 0–4 (not registered)
- Founded
- 7 October 2011 15 years in operation
- Share capital
- 0.20 MNOK
- Business address
- Grenseveien 21, 4313 SANDNES
- Municipality
- Sandnes rank 3–7 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
- Chief executive
- Stephen Adshead
- Chair of the board
- Heidi Baugstø
- Board member
- Stephen Adshead
- Auditor
- ERGA REVISJON AS
- Accountant
- KJELL HAVER REGNSKAPSSERVICE 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 | 24 | 48 | 63 | |
| Rank | 489 | 295 | 135 | |
| Operating margin | −11.3% | 1.1% | 14.5% | |
| Return on assets | −12.5% | 13.3% | 48.6% | |
| Equity ratio | 15.5% | 19.3% | 48.3% | |
| Current ratio | 0.99 | 1.10 | 1.85 | |
| Revenue growth | – | 59.8% | 22.6% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 36.8 MNOK | 58.8 MNOK | 72.1 MNOK |
| Operating profit | −4.2 MNOK | 0.6 MNOK | 10.5 MNOK |
| Profit before tax | −3.8 MNOK | 2.4 MNOK | 8.4 MNOK |
| Net profit | −3.0 MNOK | 1.8 MNOK | 6.5 MNOK |
| Financial expenses | 1.2 MNOK | 1.2 MNOK | 3.3 MNOK |
| Total assets | 21.1 MNOK | 26.6 MNOK | 24.1 MNOK |
| Current assets | 17.7 MNOK | 23.7 MNOK | 23.0 MNOK |
| Equity | 3.3 MNOK | 5.1 MNOK | 11.7 MNOK |
| Retained earnings | – | 1.8 MNOK | 8.4 MNOK |
| Total liabilities | 17.9 MNOK | 21.5 MNOK | 12.5 MNOK |
| Current liabilities | 17.9 MNOK | 21.5 MNOK | 12.5 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 6246873.
Further
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