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SEASYSTEMS AS

Org. no. 913199863 · VESTBY · Founded 1965 · 32 employees

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Score · fiscal year 2023

77of 100

How to read this: the company is ahead of 89 % of medium-sized companies in the same sector in 2023. What does this mean?

Rank: 3,186 of 34,740 · Handel

Profile

Lion · Leader

High profitability, high solidity

Position against comparable companies in 2023, not a verdict on the company. Based on profitability 88 and solidity 71 out of 100 among medium-sized companies in the same sector in 2023. Methodology

Against the sector

SEASYSTEMS AS is 28 points above the median for medium-sized companies in the same sector in 2023.

Median score 49 among 1,875 companies.

Against medium-sized companies in the same sector in 2023: operating margin 10.5% (median 3.2%) and equity ratio 49.7% (median 32.2%).

Source: Register of Company Accounts and Central Coordinating RegisterFetched 26 October 2026Report an issue
Key figures · 2023

The numbers behind the score

The numbers behind the score · 2023
MeasureCompanyMedianAhead of
Operating revenue179 MNOK177 MNOK
Operating margin 10.5% 3.2% 89 %
Profit margin 10.2% 3.1% shown, not part of the index
Return on assets 27.5% 11.4% 86 %
Equity ratio 49.7% 32.2% 72 %
Debt-to-equity 1.01 2.06 71 %
Current ratio 1.79 1.39 69 %
Revenue growth – 4.2% not compared
Revenue per employee5.61 MNOK6.27 MNOK

The median and “ahead of” refer to medium-sized companies in the same sector in 2023. The bar shows the share of companies the figure is ahead of.

With an index of 77, SEASYSTEMS AS does better than 89% of medium-sized companies in the same sector (1,875 companies) in 2023.

Over time

Score 2023–2025

CompanyMedian0255075100202320242025
  • SEASYSTEMS AS
  • Median: medium-sized companies in the same sector
Analysis · 2023

What the numbers say

SEASYSTEMS AS had an operating margin of 10.5% and an equity ratio of 49.7% in 2023, and ranks 3,186 of 34,740 in Handel.

This text is generated automatically from the 2023 accounts.

Estimated value · 2023

Three simple methods

The methods give between 60 MNOK and 150 MNOK.

MethodInputMultipleEstimate
P/E Net profit: 14.2 MNOK 10.0 142 MNOK
EV/EBIT Operating profit: 18.8 MNOK
minus net debt 0.0 MNOK		 8.0 150 MNOK
P/B Equity: 59.6 MNOK 1.0 60 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

Indications · 2023

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 24.4% of the debt in 2023. The policy rate averaged 3.54 % 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.

Stress test · 2017

Scenario analysis: the sector's weakest year

We have no accounts for 2017, the sector's weakest year, for this company.

The sector's weakest year was 2017, with a median operating margin of −65.6%. Based on the 11 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology

Components · 2023

What the score is made of

Profitability88 weight 30%
Solidity71 weight 25%
Liquidity69 weight 15%
Growth– no data, left out
Consistency74 weight 15%

Index version 2. Data completeness 85%: the share of the weights that had data.

2023

Questions and answers

How profitable is SEASYSTEMS AS?

The operating margin was 10.5% in 2023, against a median of 3.2% among medium-sized companies in the same sector. Return on assets was 27.5%.

How solid is SEASYSTEMS AS?

The equity ratio was 49.7% in 2023 (median 32.2%). Debt-to-equity was 1.01 (median 2.06).

What is the liquidity of SEASYSTEMS AS like?

The current ratio was 1.79 in 2023 (median 1.39).

How does SEASYSTEMS AS compare in Handel?

SEASYSTEMS AS ranks 3,186 of 34,740 in Handel for 2023. Among companies of the same size (medium-sized companies) it ranks 200 of 1,875.

From the Central Coordinating Register

Org. no.
913199863
Legal form
AS
Sector
Handel (46.640)
Size tier
medium
Employees
32 registered 10 June 2026
Founded
2 January 1965 61 years in operation
Share capital
13.00 MNOK
Business address
Deliveien 10, 1540 VESTBY
Municipality
Vestby rank 4 of 38 in KOSTRA group 7
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
Torkjell Lisland
Chair of the board
Baste Tveito
Board member
Anders Holm
Board member
Kathinka Yvonne Korsman Pettersen
Board member
Anette Netteland Dybvik
Auditor
ERNST & YOUNG AS
Accountant
RE-VISJON AS
Accountant
ECIT CONSULTA 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.

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Figures last fetched 26 October 2026.

Details

Year by year · 2023–2025

Key figure202320242025Trend
Index776567
Rank3,1867,9846,805
Operating margin10.5%23.5%18.6%
Return on assets27.5%38.5%37.5%
Equity ratio49.7%46.9%31.2%
Current ratio1.791.801.54
Revenue growth–−24.5%28.9%

Accounts

From the Brønnøysund Register Centre, in the company's reporting currency (NOK).

Key figure202320242025
Operating revenue179.5 MNOK135.5 MNOK174.7 MNOK
Operating profit18.8 MNOK31.8 MNOK32.5 MNOK
Profit before tax18.3 MNOK35.5 MNOK39.8 MNOK
Net profit14.2 MNOK27.7 MNOK31.0 MNOK
Financial expenses14.7 MNOK3.3 MNOK6.2 MNOK
Total assets119.8 MNOK100.6 MNOK122.6 MNOK
Current assets107.8 MNOK96.3 MNOK122.2 MNOK
Equity59.6 MNOK47.2 MNOK38.2 MNOK
Retained earnings46.6 MNOK34.2 MNOK25.2 MNOK
Total liabilities60.3 MNOK53.4 MNOK84.4 MNOK
Current liabilities60.3 MNOK53.4 MNOK79.4 MNOK

Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 5095209.

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