Tananger Offshore AS
Score · fiscal year 2025
19of 100
How to read this: the company is ahead of 3 % of companies in the Morning class Small in the same sector in 2025. What does this mean?
Rank in the Morning class Small: 266 of 275 · What are Morning company classes?
Place in the whole sector: 982 of 1,018 · Sjøfart
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 9 and solidity 20 out of 100 among companies in the Morning class Small in the same sector in 2025. Methodology
Against the sector
Tananger Offshore AS is 32 points below the median for companies in the Morning class Small in the same sector in 2025.
Median score 51 among 275 companies.
Against companies in the Morning class Small in the same sector in 2025: operating margin −16.0% (median 8.5%) and equity ratio 14.5% (median 42.9%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 23 MNOK | 27 MNOK |
| Operating margin | −16.0% | 8.5% |
| Profit margin | −22.3% | 7.0% |
| Return on assets | −15.4% | 7.4% |
| Equity ratio | 14.5% | 42.9% |
| Debt-to-equity | 5.92 | 1.24 |
| Current ratio | 0.63 | 1.46 |
| Revenue growth | −7.1% | 2.8% |
| Revenue per employee | 2.83 MNOK | 1.71 MNOK |
The median and “ahead of” refer to companies in the Morning class Small in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 19, Tananger Offshore AS does better than 3% of companies in the Morning class Small in the same sector (275 companies) in 2025.
Score 2023–2025
- Tananger Offshore AS
- Median: companies in the Morning class Small in the same sector
Tananger Offshore AS has a score of 19 for 2025, rank 982 of 1,018 in the sector.
Strongest: Growth: percentile 25 against peers, revenue growth −7.1% against a median of 2.8%.
Weakest: Profitability: percentile 9 against peers, operating margin −16.0% against a median of 8.5%. Solidity: percentile 20 against peers, equity ratio 14.5% against a median of 42.9%.
Worth a closer look
- Consider strengthening liquidity: current liabilities are 1.6 times current assets. Based on: current ratio 0.63 (median 1.46).
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin −22.3% (median 7.0%).
- The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors? Based on: operating margin −16.0% (median 8.5%).
- What lies behind weak profitability, 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
Tananger Offshore AS had an operating margin of −16.0% and an equity ratio of 14.5% in 2025, and ranks 982 of 1,018 in Sjøfart.
From 2024 to 2025: the equity ratio fell from 33.6% to 14.5% and the operating margin rose from −22.7% to −16.0%.
This text is generated automatically from the 2025 accounts.
Three simple methods
One method gives a figure: 3 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 3 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
Consider strengthening liquidity: current liabilities are 1.6 times current assets.
Based on: Current ratio 0.63 (median 1.46).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −22.3% (median 7.0%).
- 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 −16.0% (median 8.5%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 9.6% 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.
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 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 | 9 | weight 30% |
|---|---|---|
| Solidity | 20 | weight 25% |
| Liquidity | 22 | weight 15% |
| Growth | 25 | weight 15% |
| Consistency | 25 | weight 15% |
Durability: 31 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Tananger Offshore AS?
The operating margin was −16.0% in 2025, against a median of 8.5% among companies in the Morning class Small in the same sector. Return on assets was −15.4%. The company made a loss before tax.
How solid is Tananger Offshore AS?
The equity ratio was 14.5% in 2025 (median 42.9%). Debt-to-equity was 5.92 (median 1.24).
What is the liquidity of Tananger Offshore AS like?
The current ratio was 0.63 in 2025 (median 1.46). Current assets did not cover current liabilities.
How does Tananger Offshore AS compare in Sjøfart?
Tananger Offshore AS ranks 982 of 1,018 in Sjøfart for 2025. Among companies in the Morning class Small it is number 266 of 275. Revenue changed by −7.1% from the year before.
From the Central Coordinating Register
- Org. no.
- 879207142
- Legal form
- AS
- Sector
- Sjøfart (50.203)
- Morning company class
- Small
- Employees
- 8 registered 10 March 2026
- Founded
- 1 September 1997 29 years in operation
- Share capital
- 0.72 MNOK
- Business address
- Kvernevik Ring 177, 4048 HAFRSFJORD (STAVANGER)
- Municipality
- Stavanger rank 5 of 11 in KOSTRA group 12
- Latest accounts filed
- 2025
- Website
- www.tananger-offshore.no
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
- Kjell Lundal
- Chair of the board
- Kjell Lundal
- Board member
- Rolf Lundal
- Board member
- Tor Olav Meberg
- Auditor
- Revisjon Vest AS
- Accountant
- Dataplan Alpha AS
Source: Central Coordinating Register, fetched 29 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 | 42 | 31 | 19 | |
| Rank | 568 | 813 | 982 | |
| Operating margin | −23.5% | −22.7% | −16.0% | |
| Return on assets | −13.0% | −23.5% | −15.4% | |
| Equity ratio | 51.2% | 33.6% | 14.5% | |
| Current ratio | 2.74 | 0.41 | 0.63 | |
| Revenue growth | – | 88.6% | −7.1% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 12.9 MNOK | 24.4 MNOK | 22.7 MNOK |
| Operating profit | −3.0 MNOK | −5.5 MNOK | −3.6 MNOK |
| Profit before tax | −3.0 MNOK | −5.4 MNOK | −5.1 MNOK |
| Net profit | −2.4 MNOK | −4.2 MNOK | −4.0 MNOK |
| Financial expenses | 0.2 MNOK | 0.5 MNOK | 1.8 MNOK |
| Total assets | 22.0 MNOK | 21.0 MNOK | 21.4 MNOK |
| Current assets | 6.3 MNOK | 2.9 MNOK | 7.8 MNOK |
| Equity | 11.3 MNOK | 7.1 MNOK | 3.1 MNOK |
| Retained earnings | 5.7 MNOK | 1.5 MNOK | −2.4 MNOK |
| Total liabilities | 10.7 MNOK | 13.9 MNOK | 18.3 MNOK |
| Current liabilities | 2.3 MNOK | 7.1 MNOK | 12.3 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 7023404.
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