Liquidity
Watch1.36
How the figure is assessed
Current assets divided by current liabilities. Below 1.0 is weak, 1.0–1.5 needs attention and 1.5 or more is strong.
PIPE SYSTEMS ENGINEERING AS
Org. no. 993 646 601 · Private limited company (AS) · Active · Budavegen 48, 6082, GURSKEN · SANDE · 25.530 – Machining of metals
ActiveVAT registeredRegister of Business Enterprises
- Organisation form
- AS
- Employees
- 59
- Established
- 28 January 2009
- Municipality
- SANDE
- Industry code
- 25.530
PIPE SYSTEMS ENGINEERING AS is a private limited company (as) registered in GURSKEN since 2009. The organisation number is 993 646 601. The register lists 59 employees. The latest submitted annual accounts are for 2025.
Source: The Brønnøysund Register Centre · Last updated 14 November 2026 at 21:20
Overview
Quick overview
Status and key figures
Based on the latest submitted annual accounts (2025) and registry data.
Profitability
Watch7 %
How the figure is assessed
Operating profit divided by operating revenue. Below 0% is weak, 0–10% needs attention and 10% or more is strong.
Solidity
Strong35.6 %
How the figure is assessed
Equity divided by assets. Below 10% is weak, 10–30% needs attention and 30% or more is strong.
- Operating revenue
- 46.7 m NOK
- +20.8 % vs. the year before
- Net result
- 2.6 m NOK
- Fiscal year 2025
- Equity
- 5.2 m NOK
- Fiscal year 2025
- Status
- Active
- Central Coordinating Register
- Employees
- 59
- Registered in the Central Coordinating Register
- Founded
- 28 January 2009
- Place
- GURSKEN
- Industry
- Machining of metals
- 25.530
- Public contracts
- –
- Roles
- 6
- People and entities
The gauges are calculated key figures with open thresholds, not a credit assessment. All amounts come from the Register of Company Accounts.
Calculated by us
Proffi Risk Indicator
90
av 100
Low risk
Based on status, solvency, liquidity, profitability, trend and how recent the accounts are. Public register data only.
This is an indicative assessment, not a credit rating. It does not replace your own due diligence before entering into an agreement.
Proffi+
Proffi estimated value
Calculating …
Indicative model estimate based on public accounting figures and typical industry multiples. Not an appraisal, a valuation or investment advice.
Development
Revenue and profit
RevenueResult
Development
Solvency and profitability (%)
SolidityProfitability
Registry data
Company information
- Organisation number
- 993 646 601
- Organisation form
- Private limited company (AS)
- Registered in the Central Coordinating Register
- 23 February 2009
- Date of incorporation
- 28 January 2009
- Number of employees
- 59
- Language form
- Norwegian Bokmål
- Latest submitted annual accounts
- 2025
- Deleted
- Not provided
- Website
- Not stated
- Bankruptcy date
- Not provided
Addresses
Visiting and postal address
Business address
Budavegen 486082 GURSKENSANDE municipalityNorgePostal address
Not registered
Industry
Industry and sector
- 25.530
Machining of metals(main industry)
C Manufacturing › 25 Manufacture of fabricated metal products, except machinery and equipment › 25.5 Forging, pressing, stamping and roll-forming of metal; powder metallurgy › 25.53 Machining of metals
See the industry: largest companies and key figures →What does this industry cover?
Omfatter: Boring, dreiing, fresing, elektroerosiv bearbeiding, høvling, lepping, brotsjing, avretting, saging, sliping, skjerping, avgrading, sandblåsing, tromling, polering, sveising, skjøting og annen bearbeiding av metalldeler. Skjæring og gravering eller skriving på metaller ved hjelp av laserstråler. Ekskluderer: Aktiviteter utført av hovslagere grupperes under 01.62 Tjenester tilknyttet husdyrhold.
Institutional sector code: Private aksjeselskaper mv. (2100)
Statutory purpose
Prefabrikasjon og installasjon av rørsystemer og andre mekaniske komponenter til skipsindustri og annen maritim virksomhet, bygging av skip under 100 br.tonn, reparasjon og annet vedlikehold av båter, utleie av arbeidskraft og/eller formidling av personell, kjøp og salg av aksjer og andeler, handel, produktutvikling, og det som naturlig hører under disse områdene.
Registry status
Registrations and status
- Registered in the Register of Business Enterprises
- Registered in the VAT register
- Registered in the Register of Non-Profit Organisations
- Registered in the Register of Foundations
- Bankruptcy
- In liquidation
- In compulsory liquidation
Experiences
Reviews
Loading reviews …
Write a review
You must sign in with a verified email to write a review.
Accounts
Financial overview
Accounts and key figures
Fiscal year 2025 · Amounts in NOK
Data basis
3 stored years
Liquidity
Watch1.36
How the figure is assessed
Current assets divided by current liabilities. Below 1.0 is weak, 1.0–1.5 needs attention and 1.5 or more is strong.
Profitability
Watch7 %
How the figure is assessed
Operating profit divided by operating revenue. Below 0% is weak, 0–10% needs attention and 10% or more is strong.
Solidity
Strong35.6 %
How the figure is assessed
Equity divided by assets. Below 10% is weak, 10–30% needs attention and 30% or more is strong.
Key numbers and development
Only reported amounts from the Register of Company Accounts
| Accounting item | 2025 | 2024 | 2023 | Development |
|---|---|---|---|---|
| Operating revenue | 46,729,902 | 38,673,179 | 25,806,368 | |
| Operating profit | 3,282,995 | 2,612,429 | -987,148 | |
| Profit before tax | 3,410,361 | 2,595,599 | -1,161,253 | |
| Net result | 2,585,809 | 2,006,947 | -953,080 | |
| Total assets | 14,493,721 | 10,736,024 | 7,805,007 | |
| Equity | 5,162,671 | 3,327,831 | 1,696,209 | |
| Liabilities | 9,331,050 | 7,408,193 | 6,108,798 |
The gauges are calculated key figures with open thresholds. They are not a credit assessment.
Graphical analysis
3 fiscal years (2023–2025)
- Operating revenue 2025
- 46,729,902 NOK
- Net result 2025
- 2,585,809 NOK
- Revenue growth
- 20.8 %
Revenue and profit
Amounts in NOK
Operating margin
Calculated by us, in percent
Equity and liabilities
Balance sheet in NOK
Register of Company Accounts
Annual accounts 2025
Period 2025-01-01 to 2025-12-31. Currency NOK. Audited annual accounts.
Income statement
| Total operating revenue | 46,729,902 NOK |
|---|---|
| Total operating expenses | 43,446,907 NOK |
| Operating profit | 3,282,995 NOK |
| Total financial income | 133,306 NOK |
| Total financial expenses | 5,940 NOK |
| Net financial items | 127,366 NOK |
| Profit before tax | 3,410,361 NOK |
| Net result | 2,585,809 NOK |
Assets
| Total fixed assets | 1,780,314 NOK |
|---|---|
| Total current assets | 12,713,407 NOK |
| Total assets | 14,493,721 NOK |
Equity and liabilities
| Paid-in equity | 543,400 NOK |
|---|---|
| Retained earnings | 4,619,271 NOK |
| Total equity | 5,162,671 NOK |
| Current liabilities | 9,331,050 NOK |
| Total debt | 9,331,050 NOK |
| Total equity and liabilities | 14,493,721 NOK |
Register of Company Accounts
Annual accounts 2024
Period 2024-01-01 to 2024-12-31. Currency NOK. Audited annual accounts.
Income statement
| Total operating revenue | 38,673,179 NOK |
|---|---|
| Total operating expenses | 36,060,750 NOK |
| Operating profit | 2,612,429 NOK |
| Total financial income | 84,912 NOK |
| Total financial expenses | 101,741 NOK |
| Net financial items | -16,829 NOK |
| Profit before tax | 2,595,599 NOK |
| Net result | 2,006,947 NOK |
Assets
| Total fixed assets | 1,813,826 NOK |
|---|---|
| Total current assets | 8,922,198 NOK |
| Total assets | 10,736,024 NOK |
Equity and liabilities
| Paid-in equity | 543,400 NOK |
|---|---|
| Retained earnings | 2,784,431 NOK |
| Total equity | 3,327,831 NOK |
| Current liabilities | 7,267,828 NOK |
| Long-term liabilities | 140,364 NOK |
| Total debt | 7,408,193 NOK |
| Total equity and liabilities | 10,736,024 NOK |
Register of Company Accounts
Annual accounts 2023
Period 2023-01-01 to 2023-12-31. Currency NOK. Audited annual accounts.
Income statement
| Total operating revenue | 25,806,368 NOK |
|---|---|
| Total operating expenses | 26,793,516 NOK |
| Operating profit | -987,148 NOK |
| Total financial income | 72,243 NOK |
| Total financial expenses | 246,348 NOK |
| Net financial items | -174,105 NOK |
| Profit before tax | -1,161,253 NOK |
| Net result | -953,080 NOK |
Assets
| Total fixed assets | 2,555,901 NOK |
|---|---|
| Total current assets | 5,249,106 NOK |
| Total assets | 7,805,007 NOK |
Equity and liabilities
| Paid-in equity | 543,400 NOK |
|---|---|
| Retained earnings | 1,152,809 NOK |
| Total equity | 1,696,209 NOK |
| Current liabilities | 5,780,337 NOK |
| Long-term liabilities | 328,461 NOK |
| Total debt | 6,108,798 NOK |
| Total equity and liabilities | 7,805,007 NOK |
Source: Register of Company Accounts, Brønnøysund Register Centre. Figures are shown as submitted, and historical years are never overwritten by newer submissions.
Key figures
Calculated by us
Key figures
| Key figures | 2025 | 2024 | 2023 |
|---|---|---|---|
| Revenue growthChange in total operating revenue from the previous fiscal year. | 20.8 % | 49.9 % | – |
| Operating marginOperating profit divided by total operating revenue. | 7 % | 6.8 % | -3.8 % |
| Profit marginOrdinary profit before tax divided by total operating revenue. | 7.3 % | 6.7 % | -4.5 % |
| Equity ratioTotal equity divided by total assets. | 35.6 % | 31 % | 21.7 % |
| Current ratioTotal current assets divided by total current liabilities. | 1.36 | 1.23 | 0.91 |
| Debt ratioTotal liabilities divided by total equity. | 1.81 | 2.23 | 3.6 |
| Return on assetsOrdinary profit before tax plus financial expenses, divided by total assets. | 23.6 % | 25.1 % | -11.7 % |
| Return on equityNet profit divided by total equity. | 50.1 % | 60.3 % | -56.2 % |
About the calculation
The key figures are calculated by us (formula version v1) from public accounts in the Register of Company Accounts. A figure is only calculated when all input values exist and the denominator is not zero. The figures are not a credit assessment.
Roles and owners
Registry data
Roles
Chief executive officer
- Chief executive officerRonny André Frøystad
Board
- Chair of the boardPer Kristian Furø
- Board memberRonny André Frøystad
- Board memberMarius Florin Micu
Auditor
- AuditorBDO AS
Accountant
- AccountantAIDER AS
Source: The Brønnøysund Register Centre. We only show name and role as published by the register – never date of birth or private address.
Organisation
Structure
Organisation structure
- Entity type
- Main entity
- Parent entity
- Not stated
- Number of sub-units
- 1
Overview
Structure map
PIPE SYSTEMS ENGINEERING AS
PIPE SYSTEMS ENGINEERING AS
GURSKEN · 59 employees
Registry data
Sub-units
| Name | Org. no. | Place | Employees |
|---|---|---|---|
| PIPE SYSTEMS ENGINEERING ASMachining of metals | 993 787 515 | GURSKEN | 59 |
More about the company
This has not been registered yet. We never show made-up information.
Services and products
The company has not added any services yet.
Public approvals
Not in the Norwegian Building Authority's central approval register.
Public contracts
No notices found in TED where the company is a supplier or contracting authority.
Registered changes
We show changes from the Brønnøysund Register Centre's change log from the next registered change.
Documents
Certificates of registration and other documents require a separate agreement with a document provider.
Transparency
Sources and data quality
Company information
Brønnøysund Register Centre · Public register
Last retrieved 14 November 2026 at 21:20
Open official sourceRoles
Brønnøysund Register Centre · Public register
Last retrieved 14 November 2026 at 21:20
Open official sourceAccounts and key figures
Register of Company Accounts · Public register
Last retrieved 14 November 2026 at 21:20
Open official sourceAddress (verified)
Norwegian Mapping Authority – Geonorge address API · Public register
Last retrieved 14 November 2026 at 21:20
Open official sourceCentral approval
Norwegian Building Authority (DiBK) · No approval found
Last retrieved 14 November 2026 at 21:20
Open official sourceIndustry standard (SN2007)
Statistics Norway – KLASS · Official standard
Last retrieved 14 November 2026 at 21:20
Open official source
Public registry data is updated periodically and cannot be changed by the company. Calculated figures are marked “Calculated by us”.
Report an errorSource
Public registry fields on this page come from the Central Coordinating Register and cannot be changed by the company. Self-reported content is marked separately.
Read about the data sources