SEALOADING HOLDING AS
Score · fiscal year 2025
38of 100
How to read this: the company is ahead of 28 % of small companies in the same sector in 2025. What does this mean?
Rank: 1,482 of 2,035 · Sjøfart
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 14 and solidity 70 out of 100 among small companies in the same sector in 2025. Methodology
Against the sector
SEALOADING HOLDING AS is 12 points below the median for small companies in the same sector in 2025.
Median score 50 among 1,468 companies.
Against small companies in the same sector in 2025: operating margin −187.0% (median 8.4%) and equity ratio 84.6% (median 51.2%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 16 MNOK | 5 MNOK |
| Operating margin | −187.0% | 8.4% |
| Profit margin | −186.6% | 9.2% |
| Return on assets | −5.2% | 3.4% |
| Equity ratio | 84.6% | 51.2% |
| Debt-to-equity | 0.18 | 0.67 |
| Current ratio | 0.99 | 1.77 |
| Revenue growth | 2.8% | 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 38, SEALOADING HOLDING AS does better than 28% of small companies in the same sector (1,475 companies) in 2025.
Score 2023–2025
- SEALOADING HOLDING AS
- Median: small companies in the same sector
SEALOADING HOLDING AS has a score of 38 for 2025, rank 1,482 of 2,035 in the sector.
Strongest: Solidity: percentile 70 against peers, equity ratio 84.6% against a median of 51.2%.
Weakest: Profitability: percentile 14 against peers, operating margin −187.0% against a median of 8.4%. Consistency: percentile 24 against peers.
Worth a closer look
- Consider strengthening liquidity: current liabilities are 1.0 times current assets. Based on: current ratio 0.99 (median 1.77).
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin −186.6% (median 9.2%).
- The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors? Based on: operating margin −187.0% (median 8.4%).
- 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
SEALOADING HOLDING AS had an operating margin of −187.0% and an equity ratio of 84.6% in 2025, and ranks 1,482 of 2,035 in Sjøfart.
From 2024 to 2025: the operating margin fell from −179.1% to −187.0% and the equity ratio rose from 75.4% to 84.6%.
This text is generated automatically from the 2025 accounts.
Three simple methods
One method gives a figure: 44 MUSD.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 44 MUSD |
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 1.0 times current assets.
Based on: Current ratio 0.99 (median 1.77).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −186.6% (median 9.2%).
- 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 −187.0% (median 8.4%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 3.5% 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
- watch Extreme margin: check the figures
- watch Reports in a currency other than NOK
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 | 14 | weight 30% |
|---|---|---|
| Solidity | 70 | weight 25% |
| Liquidity | 33 | weight 15% |
| Growth | 53 | weight 15% |
| Consistency | 24 | weight 15% |
Durability: 41 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is SEALOADING HOLDING AS?
The operating margin was −187.0% in 2025, against a median of 8.4% among small companies in the same sector. Return on assets was −5.2%. The company made a loss before tax.
How solid is SEALOADING HOLDING AS?
The equity ratio was 84.6% in 2025 (median 51.2%). Debt-to-equity was 0.18 (median 0.67).
What is the liquidity of SEALOADING HOLDING AS like?
The current ratio was 0.99 in 2025 (median 1.77). Current assets did not cover current liabilities.
How does SEALOADING HOLDING AS compare in Sjøfart?
SEALOADING HOLDING AS ranks 1,482 of 2,035 in Sjøfart for 2025. Among companies of the same size (small companies) it ranks 1,067 of 1,475. Revenue changed by 2.8% from the year before.
Group accounts · 2025
52 of 100
Rank 452 of 975 groups with group accounts. Groups are ranked only against each other, not against single companies.
The group accounts are in USD. We show ratios, not amounts.
| Key figure | The group | The company alone (2025) |
|---|---|---|
| Operating margin | 24.0% | −187.0% |
| Return on assets | 8.9% | −5.2% |
| Equity ratio | 20.7% | 84.6% |
| Current ratio | 1.83 | 0.99 |
| Revenue growth | 27.3% | 2.8% |
Group index in earlier years: 2023: 15 (1110 of 1176), 2024: 33 (796 of 994).
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.
- 913749340
- Legal form
- AS
- Sector
- Sjøfart (50.201)
- Size tier
- small
- Employees
- 0–4 (not registered)
- Founded
- 20 May 2014 12 years in operation
- Share capital
- 303.52 MNOK
- Business address
- Kirkegaten 2A, 4836 ARENDAL
- Municipality
- Arendal rank 6–10 of 10 in KOSTRA group 11
- 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
- Masatoshi Numano
- Chair of the board
- Yoshiro Kubo
- Board member
- Masatoshi Numano
- Auditor
- BDO AS
- Accountant
- AIDER 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 | 45 | 41 | 38 | |
| Rank | 1,024 | 1,288 | 1,482 | |
| Operating margin | −162.3% | −179.1% | −187.0% | |
| Return on assets | −3.4% | −3.5% | −5.2% | |
| Equity ratio | 99.2% | 75.4% | 84.6% | |
| Current ratio | 7.46 | 43.16 | 0.99 | |
| Revenue growth | – | −1.1% | 2.8% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (USD). Revenue in NOK is converted from USD at the mean rate for the accounting period 1 January 2025–31 December 2025: 10.3912 (norges_bank). Balance-sheet amounts use the rate on the balance-sheet date. Ratios and growth are computed in USD. Exchange rates at Norges Bank
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 1.6 MUSD | 1.5 MUSD | 1.6 MUSD |
| Operating profit | −2.5 MUSD | −2.8 MUSD | −3.0 MUSD |
| Profit before tax | −2.1 MUSD | −3.8 MUSD | −3.0 MUSD |
| Net profit | −2.1 MUSD | −3.8 MUSD | −3.0 MUSD |
| Financial expenses | 0.4 MUSD | 1.6 MUSD | 0.3 MUSD |
| Total assets | 51.2 MUSD | 62.2 MUSD | 52.0 MUSD |
| Current assets | 3.2 MUSD | 14.3 MUSD | 4.0 MUSD |
| Equity | 50.7 MUSD | 46.9 MUSD | 44.0 MUSD |
| Retained earnings | −63.4 MUSD | −67.3 MUSD | −70.2 MUSD |
| Total liabilities | 0.4 MUSD | 15.3 MUSD | 8.0 MUSD |
| Current liabilities | 0.4 MUSD | 0.3 MUSD | 4.0 MUSD |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 7074437.
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