WEST SEA SHIPPING AS
Score · fiscal year 2025
71of 100
How to read this: the company is ahead of 90 % of small companies in the same sector in 2025. What does this mean?
Rank: 102 of 1,076 · Sjøfart
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 92 and solidity 44 out of 100 among small companies in the same sector in 2025. Methodology
Against the sector
WEST SEA SHIPPING AS is 20 points above the median for small companies in the same sector in 2025.
Median score 51 among 702 companies.
Against small companies in the same sector in 2025: operating margin 44.9% (median 6.8%) and equity ratio 44.8% (median 45.9%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 6 MNOK | 4 MNOK |
| Operating margin | 44.9% | 6.8% |
| Profit margin | 46.3% | 6.8% |
| Return on assets | 106.6% | 3.4% |
| Equity ratio | 44.8% | 45.9% |
| Debt-to-equity | 1.23 | 0.71 |
| Current ratio | 4.10 | 1.67 |
| Revenue growth | 15.5% | 0.4% |
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 71, WEST SEA SHIPPING AS does better than 90% of small companies in the same sector (704 companies) in 2025.
Score 2023–2025
- WEST SEA SHIPPING AS
- Median: small companies in the same sector
What the numbers say
WEST SEA SHIPPING AS had an operating margin of 44.9% and an equity ratio of 44.8% in 2025, and ranks 102 of 1,076 in Sjøfart.
From 2024 to 2025: the equity ratio fell from 69.5% to 44.8% and the operating margin fell from 53.0% to 44.9%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 1 MNOK and 25 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 23 MNOK |
| EV/EBIT | 8.0 | 25 MNOK |
| P/B | 1.0 | 1 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.
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 2.5%. 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 | 92 | weight 30% |
|---|---|---|
| Solidity | 44 | weight 25% |
| Liquidity | 71 | weight 15% |
| Growth | 71 | weight 15% |
| Consistency | 79 | weight 15% |
Durability: 62 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is WEST SEA SHIPPING AS?
The operating margin was 44.9% in 2025, against a median of 6.8% among small companies in the same sector. Return on assets was 106.6%.
How solid is WEST SEA SHIPPING AS?
The equity ratio was 44.8% in 2025 (median 45.9%). Debt-to-equity was 1.23 (median 0.71).
What is the liquidity of WEST SEA SHIPPING AS like?
The current ratio was 4.10 in 2025 (median 1.67).
How does WEST SEA SHIPPING AS compare in Sjøfart?
WEST SEA SHIPPING AS ranks 102 of 1,076 in Sjøfart for 2025. Among companies of the same size (small companies) it ranks 69 of 704. Revenue changed by 15.5% from the year before.
From the Central Coordinating Register
- Org. no.
- 914332532
- Legal form
- AS
- Sector
- Sjøfart (50.102)
- Size tier
- small
- Employees
- 0–4 (not registered)
- Founded
- 10 October 2014 12 years in operation
- Share capital
- 0.13 MNOK
- Business address
- Hisarøyna 2, 5966 EIVINDVIK (GULEN)
- Municipality
- Gulen rank 1 of 28 in KOSTRA group 6
- Audit
- Audit opted out from 27 November 2014
- 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
- Terje Nyhammer
- Chair of the board
- Terje Nyhammer
Source: Central Coordinating Register, fetched 25 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 | 74 | 71 | |
| Rank | 683 | 79 | 102 | |
| Operating margin | 25.0% | 53.0% | 44.9% | |
| Return on assets | 30.1% | 107.0% | 106.6% | |
| Equity ratio | 10.0% | 69.5% | 44.8% | |
| Current ratio | 0.52 | 3.18 | 4.10 | |
| Revenue growth | – | 9.8% | 15.5% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 5.0 MNOK | 5.5 MNOK | 6.3 MNOK |
| Operating profit | 1.2 MNOK | 2.9 MNOK | 2.8 MNOK |
| Profit before tax | 1.0 MNOK | 2.9 MNOK | 2.9 MNOK |
| Net profit | 1.0 MNOK | 2.4 MNOK | 2.3 MNOK |
| Financial expenses | 0.3 MNOK | 0.0 MNOK | 0.0 MNOK |
| Total assets | 4.1 MNOK | 2.7 MNOK | 2.8 MNOK |
| Current assets | 0.6 MNOK | 1.8 MNOK | 2.8 MNOK |
| Equity | 0.4 MNOK | 1.9 MNOK | 1.2 MNOK |
| Retained earnings | −0.6 MNOK | 1.8 MNOK | 4.0 MNOK |
| Total liabilities | 3.7 MNOK | 0.8 MNOK | 1.5 MNOK |
| Current liabilities | 1.1 MNOK | 0.6 MNOK | 0.7 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 6421525.
Further
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