Xrig Technology AS
ASActiveOrg 934842227Opstadveien 11C, 4331 ÅlgårdComputer consultancy and computer facilities management activities· NACE 6220Est. 2024 · 1 year old1-4 employees
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Overview
Xrig Technology AS is a Norwegian AS based in Ålgård, operating in the Computer consultancy and computer facilities management activities sector. Incorporated in 2024, the company reported revenue of NOK 7.8m in its latest annual filing.
Revenue 2025
7.8M NOK
EBITDA margin
14.8 %
Net profit 2025
0.9M NOK
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
57.7 %
AverageAround the average of companies in the same industry
20242025
Liquidity ratioCurrent assets ÷ Short-term debt
2.4×
StrongAmong the 40% highest rated companies in the industry
20242025
Return on assets (ROA)Net profit ÷ Total assets × 100
43.2 %
Very strongAmong the 20% highest rated companies in the industry
20242025
EBITDA — year on year
NOK thousandsKey figures
Annual report 2025| Revenue | 7.8M NOK | — |
| EBITDA | 1.2M NOK | — |
| Net profit | 0.9M NOK | — |
| Total assets | 2.1M NOK | +592% |
| Equity | 1.2M NOK | +299% |
| Employees | — | — |
Company information
Legal name
XRIG TECHNOLOGY AS
Org number
934842227
Legal form
Aksjeselskap
Founded
19 December 2024 · 1 year
Share capital
NOK 300,000
Employees
1-4
VAT registered
Yes
Audit selected
No
Last report
2025-12-31
Financial year
January – December
Signatory rights
Styrets leder alene eller to styremedlemmer i fellesskap.
Company purpose
Konsulentvirksomhet innenfor programmering av kontrollsystemer og elektronikk, drift, service og vedlikehold av utstyr til industri.
(no translation available)
Address
Opstadveien 11C, 4331 Ålgård
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Financial development
In its most recent annual report (2025), Xrig Technology AS reported revenue of NOK 7.8m. The figures on this page draw on 2 annual filings covering 2024 to 2025. The bottom line showed a net profit of NOK 897.5k, and the EBITDA margin stood at 14.8%.
At the end of 2025, equity financed 57.7% of the balance sheet, and current assets covered short-term debt 2.4 times.
Financials
Revenue
NOK thousandsEBITDA
NOK thousandsIncome statement
NOK thousands| Item | 2025 | 2024 |
|---|---|---|
| Revenue | 7,785 | 0 |
| Staff expenses | -1,976 | -0 |
| EBITDA | 1,153 | 0 |
| Depreciation & amort. | -0 | -0 |
| EBIT | 1,153 | 0 |
| Net financials | -1 | 0 |
| Profit before tax | 1,152 | 0 |
| Tax | 255 | -0 |
| Net profit | 897 | 0 |
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Balance sheet
NOK thousands| Item | 2025 | 2024 |
|---|---|---|
| Total assets | 2,076 | 300 |
| Equity | 1,197 | 300 |
| Long-term debt | 2 | 0 |
| Short-term debt | 876 | 0 |
| Total debt | 878 | 0 |
Financial ratios
5-year trendEBITDA margin
14.8 %
20242025
Equity ratio
57.7 %
AverageAround the average of companies in the same industry
20242025
Return on equity
74.9 %
Very strongAmong the 20% highest rated companies in the industry
20242025
Net profit margin
11.5 %
StrongAmong the 40% highest rated companies in the industry
20242025
Asset turnover
3.75×
Very strongAmong the 10% highest rated companies in the industry
20242025
Debt / equity
0.73×
AverageAround the average of companies in the same industry
20242025
Sector performance
25 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Gross marginVery weak
Among the 10% lowest rated companies in the industry
The gross result as a share of revenue — how much of the revenue is left after variable costs to cover the company's fixed costs.
Operating marginStrong
Among the 40% highest rated companies in the industry
EBIT as a share of revenue — the share of revenue remaining as earnings once all operating costs are covered. A key measure of earning power.
Net profit marginStrong
Among the 40% highest rated companies in the industry
The profit for the year as a share of revenue — the company's ability to turn revenue into profit.
Return on equity (ROE)Very strong
Among the 20% highest rated companies in the industry
Net profit as a percentage of equity — the return the owners earned on their invested capital this year.
Return on assets (ROA)Very strong
Among the 20% highest rated companies in the industry
Net profit as a percentage of total assets — the return generated on the capital employed.
Return on net assets (RONA)Very strong
Among the 20% highest rated companies in the industry
Profit relative to net assets (total assets minus total debt) — the ability to generate earnings from the net asset base alone.
Basic earning power (BEP)Very strong
Among the 10% highest rated companies in the industry
EBIT relative to total assets — the company's earning power before the effects of tax and financial leverage.
Capacity ratioVery strong
Among the 20% highest rated companies in the industry
Shows how strongly fixed costs weigh on the gross result — a high ratio means fixed costs take only a small bite out of the earnings from basic operations.
Liquidity
Current ratioStrong
Among the 40% highest rated companies in the industry
Current assets relative to short-term debt — the ability to settle short-term obligations with current assets alone. Around 150% is considered satisfactory from a credit perspective.
Quick ratioStrong
Among the 40% highest rated companies in the industry
Current assets excluding inventory relative to short-term debt — whether the most liquid assets alone can cover the short-term obligations. A value of 1 or above signals a healthy liquidity position.
Cash ratioStrong
Among the 30% highest rated companies in the industry
Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.
Current assets to equityWeak
Among the 30% lowest rated companies in the industry
Current assets relative to equity — an indicator of the balance-sheet structure and of the company's short- and long-term financing. The healthy level is highly industry-dependent.
Cash conversion ratioVery strong
Among the 20% highest rated companies in the industry
Cash flow relative to profit — the ability to convert reported profits into accessible cash.
Fixed assets to long-term capitalNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Fixed assets relative to long-term capital (equity plus long-term liabilities). Below 100% means the long-term capital finances more than just the fixed assets — a healthier liquidity position.
Debt & solvency
Solidity ratioAverage
Around the average of companies in the same industry
Equity as a share of total assets — the ability to absorb losses. Around 40% is considered satisfactory from a credit perspective.
Debt ratioAverage
Around the average of companies in the same industry
Total debt relative to the balance-sheet total — the share of the assets financed by debt rather than equity.
Debt to equityAverage
Around the average of companies in the same industry
Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.
Liabilities to equityAverage
Around the average of companies in the same industry
Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.
Income to debtVery strong
Among the 20% highest rated companies in the industry
Profit relative to debt — the ability to create earnings while operating with debt.
EBITDA to debtVery strong
Among the 10% highest rated companies in the industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest coverageVery strong
Among the 10% highest rated companies in the industry
The ability to pay the interest on the company's debt out of its earnings.
Interest rate on debtAverage
Around the average of companies in the same industry
Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.
Interest marginVery strong
Among the 10% highest rated companies in the industry
The return on assets minus the interest rate on debt. Positive means the company benefits from operating with debt; negative means the debt makes it worse off.
Efficiency & development
Asset turnoverVery strong
Among the 10% highest rated companies in the industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
Equity to contributed capitalAverage
Around the average of companies in the same industry
Total equity relative to the capital the owners contributed — how the equity has developed from its starting point.
One-year change in equityVery strong
Among the 10% highest rated companies in the industry
The size of this year's increase or decrease in the company's equity.
Inventory turnoverNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Revenue relative to inventory — how many times a year the inventory is sold and replaced. A low value can indicate weak sales or excess inventory.
One-year change in debtNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
The size of this year's increase or decrease in the company's debt.
Annual reports & filings
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (1) | ||
RB Chief Executive Officer | Chief Executive Officer | 2025 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (4) | ||
JH Board of Directors | Board of Directors | 2025 |
SE Board of Directors | Board of Directors | 2025 |
RØ Board of Directors | Board of Directors | 2025 |
ØH Chairman | Chairman | 2025 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 80% | 80% | 2024 | |
| Company | 15% | 15% | 2024 | |
| Individual | 5% | 5% | 2024 |
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Company hierarchy
X-Rig As
Xrig Technology AS Board network connections
Board members of Xrig Technology AS also hold positions in 39 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Stig Erling Bakke | Board of Directors | 16 companiesMany roles |
| Øyvind Hansen Heradstveit | Chairman | 14 companiesMany roles |
| Rune Bakke | Chief Executive Officer | 5 companies |
| Ruben Øvrebø | Board of Directors | 4 companies |
Frequently asked questions
What is the Org number of Xrig Technology AS?
Xrig Technology AS is registered with Brønnøysundsregistrene under Org 934842227.
What is the revenue of Xrig Technology AS?
Xrig Technology AS reported revenue of NOK 7.8m in 2025.
Who is the CEO of Xrig Technology AS?
Rune Bakke is the CEO of Xrig Technology AS, in role since 2025.
Who is the chairman of Xrig Technology AS?
Øyvind Hansen Heradstveit chairs the board of Xrig Technology AS, in role since 2025.
Where is Xrig Technology AS headquartered?
Xrig Technology AS's registered address is Opstadveien 11C.