Seaview AS
Score · fiscal year 2025
49of 100
How to read this: the company is ahead of 49 % of companies in the Morning class Micro in the same sector in 2025. What does this mean?
Rank in the Morning class Micro: 2,978 of 5,821 · What are Morning company classes?
Place in the whole sector: 4,044 of 7,839 · Eiendom
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 52 and solidity 34 out of 100 among companies in the Morning class Micro in the same sector in 2025. Methodology
Against the sector
Seaview AS is at the median for companies in the Morning class Micro in the same sector in 2025.
Median score 49 among 5,820 companies.
Against companies in the Morning class Micro in the same sector in 2025: operating margin 62.1% (median 46.9%) and equity ratio 17.0% (median 26.7%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 5 MNOK | 3 MNOK |
| Operating margin | 62.1% | 46.9% |
| Profit margin | 15.7% | 22.6% |
| Return on assets | 5.5% | 7.8% |
| Equity ratio | 17.0% | 26.7% |
| Debt-to-equity | 4.90 | 2.20 |
| Current ratio | 1.95 | 1.40 |
| Revenue growth | 2.2% | 3.0% |
The median and “ahead of” refer to companies in the Morning class Micro in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 49, Seaview AS does better than 49% of companies in the Morning class Micro in the same sector (5,821 companies) in 2025.
Score 2023–2025
- Seaview AS
- Median: companies in the Morning class Micro in the same sector
Seaview AS has a score of 49 for 2025, rank 4,044 of 7,839 in the sector.
Strongest: Consistency: percentile 65 against peers.
Weakest: Solidity: percentile 34 against peers, equity ratio 17.0% against a median of 26.7%. Growth: percentile 39 against peers, revenue growth 2.2% against a median of 3.0%.
Worth a closer look
- What lies behind weak solidity, and will it last?
- What lies behind weak growth, and will it last?
- The change in operating margin in 2025 was 1.4 percentage points weaker than for comparable companies: the company −0.2, the industry +1.2 points. That is the company's own, not something that hit the whole industry.
Written by fixed rules from the figures. Describes the figures, does not explain causes. Not investment or financial advice. How the summary is made
The industry or the company: what drove the result?
In 2025 the operating margin of Seaview AS fell by 0.2 percentage points. Comparable companies rose by a median 1.2 points. So the company did 1.4 points weaker than the industry, for reasons of its own.
Over 2 year-to-year changes Seaview AS moved the same way as comparable companies 0 times. About 33% of the changes in operating margin were common to the industry; the rest was the company's own.
| Year | The company | Comparable (median) | Change, company | Change, industry | The company's own |
|---|---|---|---|---|---|
| 2024 | 62.3% | 45.7% | +1.5 percentage points | +0.1 percentage points | +1.4 percentage points |
| 2025 | 62.1% | 46.9% | −0.2 percentage points | +1.2 percentage points | −1.4 percentage points |
Comparable companies are those in the same industry and Morning company class. Their change shows what hit the whole industry, the sector drivers below included. The rest is the company's own: contracts, costs, one-off items or operations. The share is approximate, and we claim no cause.
The company and its sector's drivers
Prices, rate and currency that shape the sector's year, year by year beside the operating margin of Seaview AS. The figures stand side by side; we claim no cause.
House prices (existing homes) (indeks (2015 = 100))
House prices (existing homes) rose 5.5% in 2025; the operating margin of Seaview AS fell 0.2 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| House prices (existing homes), annual average | 134.5 | 141.6 | 140.8 | 144.6 | 152.5 | 158.7 (so far) |
| Change from the year before | +10.5% | +5.2% | −0.5% | +2.7% | +5.5% | +4.1% |
| The company's operating margin | – | – | 60.7% | 62.3% | 62.1% | – |
Source: SSB (07221, CC BY 4.0). Source
Policy rate (prosent)
Policy rate fell 0.20 percentage points in 2025; the operating margin of Seaview AS fell 0.2 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Policy rate, annual average | 0.08 | 1.32 | 3.54 | 4.50 | 4.30 | 4.17 (so far) |
| Change from the year before | −0.28 percentage points | +1.24 percentage points | +2.22 percentage points | +0.96 percentage points | −0.20 percentage points | −0.12 percentage points |
| The company's operating margin | – | – | 60.7% | 62.3% | 62.1% | – |
Source: Norges Bank (IR, NLOD 2.0). Source
Construction cost index for dwellings (indeks (2015 = 100))
Construction cost index for dwellings rose 4.3% in 2025; the operating margin of Seaview AS fell 0.2 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Construction cost index for dwellings, annual average | 124.2 | 135.1 | 141.1 | 146.4 | 152.7 | 158.4 (so far) |
| Change from the year before | +8.7% | +8.8% | +4.4% | +3.7% | +4.3% | +3.7% |
| The company's operating margin | – | – | 60.7% | 62.3% | 62.1% | – |
Source: SSB (08651, CC BY 4.0). Source
Consumer price index (indeks (2025 = 100))
Consumer price index rose 3.0% in 2025; the operating margin of Seaview AS fell 0.2 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Consumer price index, annual average | 84.3 | 89.2 | 94.1 | 97.0 | 100.0 | 102.9 (so far) |
| Change from the year before | +3.5% | +5.8% | +5.5% | +3.2% | +3.0% | +2.9% |
| The company's operating margin | – | – | 60.7% | 62.3% | 62.1% | – |
Source: SSB (14710, CC BY 4.0). Source
Wage index: real estate (indeks)
Wage index: real estate rose 5.2% in 2025; the operating margin of Seaview AS fell 0.2 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Wage index: real estate, annual average | 91.7 | 94.3 | 96.8 | 103.2 | 108.5 | 111.3 (so far) |
| Change from the year before | +5.2% | +2.9% | +2.6% | +6.5% | +5.2% | +2.6% |
| The company's operating margin | – | – | 60.7% | 62.3% | 62.1% | – |
Source: SSB (12314, CC BY 4.0). Source
We show the drivers and the margin side by side and claim no cause. Sensitivity per company is not computed until we have at least 10 years of accounts per company: with three years such figures are false precision.
What the numbers say
Seaview AS had an operating margin of 62.1% and an equity ratio of 17.0% in 2025, and ranks 4,044 of 7,839 in Eiendom.
No large changes in the key figures from 2024 to 2025.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 5 MNOK and 13 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.6 | 5 MNOK |
| EV/EBIT | 22.6 | 13 MNOK |
| P/B | 0.9 | 5 MNOK |
The listed basis is the value at listed multiples. The estimate is lowered by 51% for an unlisted company: 20% for lack of marketability and 38% for size (a small-company premium of 4% on the cost of equity).
A mechanical estimate from public accounts, not advice. A mechanical estimate from public accounts with listed multiples and fixed adjustments. Not a valuation and not advice to buy or sell. 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 5.1% 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 2022, the sector's weakest year, for this company.
The sector's weakest year was 2022, with a median operating margin of 23.4%. Based on the 9 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 52 | weight 30% |
|---|---|---|
| Solidity | 34 | weight 25% |
| Liquidity | 59 | weight 15% |
| Growth | 39 | weight 15% |
| Consistency | 65 | weight 15% |
Durability: 48 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Seaview AS?
The operating margin was 62.1% in 2025, against a median of 46.9% among companies in the Morning class Micro in the same sector. Return on assets was 5.5%.
How solid is Seaview AS?
The equity ratio was 17.0% in 2025 (median 26.7%). Debt-to-equity was 4.90 (median 2.20).
What is the liquidity of Seaview AS like?
The current ratio was 1.95 in 2025 (median 1.40).
How does Seaview AS compare in Eiendom?
Seaview AS ranks 4,044 of 7,839 in Eiendom for 2025. Among companies in the Morning class Micro it is number 2,978 of 5,821. Revenue changed by 2.2% from the year before.
From the Central Coordinating Register
- Org. no.
- 891188072
- Legal form
- AS
- Sector
- Eiendom (68.200)
- Morning company class
- Micro
- Employees
- 0–4 (not registered)
- Founded
- 28 February 2007 19 years in operation
- Share capital
- 0.90 MNOK
- Business address
- Svinoddveien 12, 4836 ARENDAL
- Municipality
- Arendal rank 5–10 of 10 in KOSTRA group 11
- Latest accounts filed
- 2025
- LEI
- 254900K9QAWT7CRRKC71 renews 27 October 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
Loading roles …
Source: Central Coordinating Register, fetched 2 November 2026. Only names are shown.
- Parent company
- Parent not reported
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 30 October 2026. The parent is the one the company itself reported to GLEIF.
Shareholders (2025)
- Number of shareholders
- 1 (one owner)
- Largest owner
- 100.0%
- Split
- companies 100% · private persons 0% · foreign 0%
- Owned from the same municipality
- 100%
- Group chain
-
Owned by: Seaview Holding AS (100%)
Ultimate owner: B T LARSEN & CO LTD
- Seaview Holding AS · 100.0%
Change 2007–2025:
100% of the shares changed owner (1 new and 5 departed owners). The majority owner changed.
New owners (companies): Seaview Holding AS
Departed (companies): Arendal Shipping Invest AS, B T LARSEN & CO AS, C.H. SØRENSEN & Sønner A/S, Northern Invest AS, United Rise Holdings LIMITED
Source: the Norwegian Tax Administration's shareholder register as of 2025. Figures may be older than today's ownership. Private persons are not shown by name.
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 30 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 45 | 51 | 49 | |
| Rank | 4,300 | 3,580 | 4,044 | |
| Operating margin | 60.7% | 62.3% | 62.1% | |
| Return on assets | 4.7% | 6.7% | 5.5% | |
| Equity ratio | 13.4% | 16.1% | 17.0% | |
| Current ratio | 1.71 | 1.91 | 1.95 | |
| Revenue growth | – | 5.0% | 2.2% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 5.0 MNOK | 5.3 MNOK | 5.4 MNOK |
| Operating profit | 3.1 MNOK | 3.3 MNOK | 3.4 MNOK |
| Profit before tax | 0.9 MNOK | 2.2 MNOK | 0.9 MNOK |
| Tax expense | 0.2 MNOK | 0.3 MNOK | 0.3 MNOK |
| Net profit | 0.7 MNOK | 1.9 MNOK | 0.5 MNOK |
| Financial expenses | 2.3 MNOK | 2.3 MNOK | 2.7 MNOK |
| Total assets | 67.4 MNOK | 66.7 MNOK | 63.2 MNOK |
| Current assets | 7.1 MNOK | 8.0 MNOK | 6.1 MNOK |
| Equity | 9.1 MNOK | 10.7 MNOK | 10.7 MNOK |
| Retained earnings | – | 1.7 MNOK | 0.6 MNOK |
| Total liabilities | 58.3 MNOK | 56.0 MNOK | 52.5 MNOK |
| Current liabilities | 4.1 MNOK | 4.2 MNOK | 3.1 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 30 October 2026, accounts id 7210906.
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