O H MELING & CO AS
Score · fiscal year 2025
63of 100
How to read this: the company is ahead of 78 % of small companies in the same sector in 2025. What does this mean?
Rank: 444 of 2,035 · Sjøfart
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 60 and solidity 68 out of 100 among small companies in the same sector in 2025. Methodology
Against the sector
O H MELING & CO AS is 13 points above the median for small companies in the same sector in 2025.
Median score 50 among 1,469 companies.
Against small companies in the same sector in 2025: operating margin −5.4% (median 8.4%) and equity ratio 82.7% (median 51.1%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 33 MNOK | 5 MNOK |
| Operating margin | −5.4% | 8.4% |
| Profit margin | 505.0% | 9.2% |
| Return on assets | 42.9% | 3.4% |
| Equity ratio | 82.7% | 51.1% |
| Debt-to-equity | 0.21 | 0.67 |
| Current ratio | 11.84 | 1.77 |
| Revenue growth | −18.8% | 1.2% |
The median and “ahead of” refer to small companies in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 63, O H MELING & CO AS does better than 78% of small companies in the same sector (1,476 companies) in 2025.
Score 2023–2025
- O H MELING & CO AS
- Median: small companies in the same sector
O H MELING & CO AS has a score of 63 for 2025, rank 444 of 2,035 in the sector.
Strongest: Liquidity: percentile 82 against peers, current ratio 11.84 against a median of 1.77. Consistency: percentile 79 against peers.
Weakest: Growth: percentile 24 against peers, revenue growth −18.8% against a median of 1.2%.
Worth a closer look
- What lies behind weak growth, and will it last?
Written by fixed rules from the figures. Describes the figures, does not explain causes. Not investment or financial advice. How the summary is made
What the numbers say
O H MELING & CO AS had an operating margin of −5.4% and an equity ratio of 82.7% in 2025, and ranks 444 of 2,035 in Sjøfart.
From 2024 to 2025: the operating margin fell from 10.9% to −5.4% and the equity ratio rose from 67.5% to 82.7%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 331 MNOK and 1,647 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 1,647 MNOK |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 331 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 9.7% of the debt in 2025. The policy rate averaged 4.30 % the same year. This is a plain description of what the debt cost, not a model of interest sensitivity.
Data quality
No anomalies found in the figures.
Scenario analysis: the sector's weakest year
We have no accounts for 2026, the sector's weakest year, for this company.
The sector's weakest year was 2026, with a median operating margin of 6.1%. Based on the 7 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 60 | weight 30% |
|---|---|---|
| Solidity | 68 | weight 25% |
| Liquidity | 82 | weight 15% |
| Growth | 24 | weight 15% |
| Consistency | 79 | weight 15% |
Durability: 60 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is O H MELING & CO AS?
The operating margin was −5.4% in 2025, against a median of 8.4% among small companies in the same sector. Return on assets was 42.9%.
How solid is O H MELING & CO AS?
The equity ratio was 82.7% in 2025 (median 51.1%). Debt-to-equity was 0.21 (median 0.67).
What is the liquidity of O H MELING & CO AS like?
The current ratio was 11.84 in 2025 (median 1.77).
How does O H MELING & CO AS compare in Sjøfart?
O H MELING & CO AS ranks 444 of 2,035 in Sjøfart for 2025. Among companies of the same size (small companies) it ranks 327 of 1,476. Revenue changed by −18.8% from the year before.
Group accounts · 2025
91 of 100
Rank 8 of 1210 groups with group accounts. Groups are ranked only against each other, not against single companies.
| Key figure | The group | The company alone (2025) |
|---|---|---|
| Operating margin | 35.7% | −5.4% |
| Return on assets | 27.4% | 42.9% |
| Equity ratio | 73.8% | 82.7% |
| Current ratio | 8.09 | 11.84 |
| Revenue growth | 18.8% | −18.8% |
Group index in earlier years: 2023: 77 (193 of 1541), 2024: 80 (67 of 1235).
Same formulas and weights as the company index. Group and company are never added together, and the group accounts are not part of sector averages or company rankings.
Source: Brønnøysund Register Centre, group accounts 2025 (open data, NLOD 2.0).
We do not show the group structure, because open data does not say who owns whom.
From the Central Coordinating Register
- Org. no.
- 864351352
- Legal form
- AS
- Sector
- Sjøfart (50.201)
- Size tier
- small
- Employees
- 0–4 (not registered)
- Founded
- 24 June 1992 34 years in operation
- Share capital
- 2.11 MNOK
- Business address
- Paradisveien 28, 4012 STAVANGER
- Municipality
- Stavanger rank 5 of 11 in KOSTRA group 12
- Latest accounts filed
- 2025
- LEI
- 549300CSEHMZTJQRBC53 renews 13 July 2027
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
- Olav Harald Meling
- Chair of the board
- Olav Harald Meling
- Board member
- Harald Odd Meling
- Auditor
- PRICEWATERHOUSECOOPERS AS
- Accountant
- KPMG ACCOUNTING AS
Source: Central Coordinating Register, fetched 29 October 2026. Only names are shown.
- Parent company
- No parent company: owned by persons
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 29 October 2026. The parent is the one the company itself reported to GLEIF.
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 | 55 | 63 | 63 | |
| Rank | 687 | 404 | 444 | |
| Operating margin | 5.2% | 10.9% | −5.4% | |
| Return on assets | 1.9% | 10.5% | 42.9% | |
| Equity ratio | 64.2% | 67.5% | 82.7% | |
| Current ratio | 1.80 | 2.87 | 11.84 | |
| Revenue growth | – | 25.3% | −18.8% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 32.1 MNOK | 40.2 MNOK | 32.6 MNOK |
| Operating profit | 1.7 MNOK | 4.4 MNOK | −1.8 MNOK |
| Profit before tax | 115.4 MNOK | 21.5 MNOK | 164.7 MNOK |
| Net profit | 115.6 MNOK | 21.3 MNOK | 164.7 MNOK |
| Financial expenses | −111.1 MNOK | 4.6 MNOK | 6.7 MNOK |
| Total assets | 228.8 MNOK | 249.1 MNOK | 400.0 MNOK |
| Current assets | 24.2 MNOK | 41.6 MNOK | 145.1 MNOK |
| Equity | 146.9 MNOK | 168.2 MNOK | 331.0 MNOK |
| Retained earnings | 144.8 MNOK | 166.1 MNOK | 328.9 MNOK |
| Total liabilities | 81.9 MNOK | 80.9 MNOK | 69.0 MNOK |
| Current liabilities | 13.4 MNOK | 14.5 MNOK | 12.3 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 7194187.
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