NITROGAS AS
Score · fiscal year 2024
68of 100
How to read this: the company is ahead of 85 % of small companies in the same sector in 2024. What does this mean?
Rank: 84 of 586 · Olje og gass
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 68 and solidity 77 out of 100 among small companies in the same sector in 2024. Methodology
Against the sector
NITROGAS AS is 18 points above the median for small companies in the same sector in 2024.
Median score 50 among 324 companies.
Against small companies in the same sector in 2024: operating margin 21.3% (median 4.2%) and equity ratio 94.3% (median 52.4%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 3 MNOK | 3 MNOK |
| Operating margin | 21.3% | 4.2% |
| Profit margin | 19.9% | 10.1% |
| Return on assets | 11.1% | 3.4% |
| Equity ratio | 94.3% | 52.4% |
| Debt-to-equity | 0.06 | 0.41 |
| Current ratio | 20.09 | 1.74 |
| Revenue growth | −39.3% | 3.4% |
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 68, NITROGAS AS does better than 85% of small companies in the same sector (325 companies) in 2024.
Score 2023–2025
- NITROGAS AS
- Median: small companies in the same sector
What the numbers say
NITROGAS AS had an operating margin of 21.3% and an equity ratio of 94.3% in 2024, and ranks 84 of 586 in Olje og gass.
From 2023 to 2024: the operating margin fell from 50.8% to 21.3% and revenue fell by 39%.
This text is generated automatically from the 2024 accounts.
Three simple methods
The methods give between 4 MNOK and 7 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 4 MNOK |
| EV/EBIT | 8.0 | 7 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
No rules were triggered for this year.
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 19.7% of the debt in 2024. The policy rate averaged 4.50 % 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
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 | 68 | weight 30% |
|---|---|---|
| Solidity | 77 | weight 25% |
| Liquidity | 85 | weight 15% |
| Growth | 20 | weight 15% |
| Consistency | 80 | weight 15% |
Durability: 74 (average over 2 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is NITROGAS AS?
The operating margin was 21.3% in 2024, against a median of 4.2% among small companies in the same sector. Return on assets was 11.1%.
How solid is NITROGAS AS?
The equity ratio was 94.3% in 2024 (median 52.4%). Debt-to-equity was 0.06 (median 0.41).
What is the liquidity of NITROGAS AS like?
The current ratio was 20.09 in 2024 (median 1.74).
How does NITROGAS AS compare in Olje og gass?
NITROGAS AS ranks 84 of 586 in Olje og gass for 2024. Among companies of the same size (small companies) it ranks 48 of 325. Revenue changed by −39.3% from the year before.
From the Central Coordinating Register
- Org. no.
- 999092829
- Legal form
- AS
- Sector
- Olje og gass (09.109)
- Size tier
- small
- Employees
- 0–4 (not registered)
- Founded
- 30 September 2012 14 years in operation
- Share capital
- 0.55 MNOK
- Business address
- Kanalarmen 10, 4033 STAVANGER (SOLA)
- Municipality
- Sola rank 2 of 27 in KOSTRA group 9
- Audit
- Audit opted out from 16 November 2017
- 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
- Geir Magne Høiland
- Chair of the board
- Tore Rygh
- Board member
- Hege Furland
- Board member
- Øyvind Næss Johannessen
- Board member
- June Lien
- Board member
- Geir Magne Høiland
- Accountant
- REGN10 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 | 80 | 68 | 71 | |
| Rank | 26 | 84 | 58 | |
| Operating margin | 50.8% | 21.3% | 23.5% | |
| Return on assets | 45.5% | 11.1% | 14.9% | |
| Equity ratio | 86.9% | 94.3% | 85.5% | |
| Current ratio | 6.21 | 20.09 | 6.33 | |
| Revenue growth | – | −39.3% | 60.3% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 4.2 MNOK | 2.5 MNOK | 4.1 MNOK |
| Operating profit | 2.1 MNOK | 0.5 MNOK | 1.0 MNOK |
| Profit before tax | 2.2 MNOK | 0.5 MNOK | 0.9 MNOK |
| Net profit | 1.7 MNOK | 0.4 MNOK | 0.7 MNOK |
| Financial expenses | 0.1 MNOK | 0.1 MNOK | 0.0 MNOK |
| Total assets | 5.0 MNOK | 5.1 MNOK | 6.4 MNOK |
| Current assets | 3.5 MNOK | 3.7 MNOK | 5.3 MNOK |
| Equity | 4.4 MNOK | 4.8 MNOK | 5.5 MNOK |
| Retained earnings | 3.8 MNOK | 4.2 MNOK | 5.0 MNOK |
| Total liabilities | 0.7 MNOK | 0.3 MNOK | 0.9 MNOK |
| Current liabilities | 0.6 MNOK | 0.2 MNOK | 0.8 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 6203481.
Further
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