SAFE AT SEA AS
Score · fiscal year 2023
18of 100
How to read this: the company is ahead of 13 % of small companies in the same sector in 2023. What does this mean?
Rank: 19,429 of 22,175 · Bygg og anlegg
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2023, not a verdict on the company. Based on profitability 15 and solidity 10 out of 100 among small companies in the same sector in 2023. Methodology
Against the sector
SAFE AT SEA AS is 32 points below the median for small companies in the same sector in 2023.
Median score 50 among 21,461 companies.
Against small companies in the same sector in 2023: operating margin −10.1% (median 4.0%) and equity ratio 2.0% (median 34.6%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 4 MNOK | 3 MNOK |
| Operating margin | −10.1% | 4.0% |
| Profit margin | −11.5% | 3.6% |
| Return on assets | −16.7% | 5.6% |
| Equity ratio | 2.0% | 34.6% |
| Debt-to-equity | 48.36 | 1.33 |
| Current ratio | 0.86 | 1.39 |
| Revenue growth | – | 3.7% |
| Revenue per employee | 0.72 MNOK | 1.32 MNOK |
The median and “ahead of” refer to small companies in the same sector in 2023. The bar shows the share of companies the figure is ahead of.
With an index of 18, SAFE AT SEA AS does better than 13% of small companies in the same sector (21,505 companies) in 2023.
Score 2023–2025
- SAFE AT SEA AS
- Median: small companies in the same sector
What the numbers say
SAFE AT SEA AS had an operating margin of −10.1% and an equity ratio of 2.0% in 2023, and ranks 19,429 of 22,175 in Bygg og anlegg.
This text is generated automatically from the 2023 accounts.
Three simple methods
One method gives a figure: 0 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 0 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
The equity ratio is very low. Could the company absorb a bad year, and does it need more equity?
Based on: Equity ratio 2.0% (median 34.6%).
- watch
Consider strengthening liquidity: current liabilities are 1.2 times current assets.
Based on: Current ratio 0.86 (median 1.39).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −11.5% (median 3.6%).
- watch
The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors?
Based on: Operating margin −10.1% (median 4.0%).
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 2.1%. Based on the 10 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 15 | weight 30% |
|---|---|---|
| Solidity | 10 | weight 25% |
| Liquidity | 23 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 31 | weight 15% |
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is SAFE AT SEA AS?
The operating margin was −10.1% in 2023, against a median of 4.0% among small companies in the same sector. Return on assets was −16.7%. The company made a loss before tax.
How solid is SAFE AT SEA AS?
The equity ratio was 2.0% in 2023 (median 34.6%). Debt-to-equity was 48.36 (median 1.33).
What is the liquidity of SAFE AT SEA AS like?
The current ratio was 0.86 in 2023 (median 1.39). Current assets did not cover current liabilities.
How does SAFE AT SEA AS compare in Bygg og anlegg?
SAFE AT SEA AS ranks 19,429 of 22,175 in Bygg og anlegg for 2023. Among companies of the same size (small companies) it ranks 18,770 of 21,505.
From the Central Coordinating Register
- Org. no.
- 818871082
- Legal form
- AS
- Sector
- Bygg og anlegg (43.210)
- Size tier
- small
- Employees
- 5 registered 10 September 2026
- Founded
- 29 March 2017 9 years in operation
- Share capital
- 0.03 MNOK
- Business address
- Smånipevegen 5, 5381 GLESVÆR (ØYGARDEN)
- Municipality
- Øygarden rank 1–5 of 13 in KOSTRA group 10
- Audit
- Audit opted out from 19 January 2024
- 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
- Kai Edvard Haldorsen
- Chair of the board
- Kai Edvard Haldorsen
- Board member
- Jorid Essén Lavik
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 | 18 | 78 | 72 | |
| Rank | 19,429 | 1,378 | 2,810 | |
| Operating margin | −10.1% | 30.5% | 16.7% | |
| Return on assets | −16.7% | 64.6% | 31.3% | |
| Equity ratio | 2.0% | 54.1% | 68.5% | |
| Current ratio | 0.86 | 1.82 | 2.75 | |
| Revenue growth | – | 86.1% | 0.2% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 3.6 MNOK | 6.7 MNOK | 6.7 MNOK |
| Operating profit | −0.4 MNOK | 2.0 MNOK | 1.1 MNOK |
| Profit before tax | −0.4 MNOK | 2.0 MNOK | 1.0 MNOK |
| Net profit | −0.4 MNOK | 1.7 MNOK | 0.8 MNOK |
| Financial expenses | 0.1 MNOK | 0.1 MNOK | 0.1 MNOK |
| Total assets | 2.2 MNOK | 3.2 MNOK | 3.6 MNOK |
| Current assets | 1.7 MNOK | 2.5 MNOK | 3.1 MNOK |
| Equity | 0.0 MNOK | 1.7 MNOK | 2.5 MNOK |
| Retained earnings | 0.0 MNOK | 1.7 MNOK | 2.5 MNOK |
| Total liabilities | 2.1 MNOK | 1.5 MNOK | 1.1 MNOK |
| Current liabilities | 2.0 MNOK | 1.4 MNOK | 1.1 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 5379827.
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