AQS HOLDING AS
Score · fiscal year 2025
62of 100
How to read this: the company is ahead of 78 % of medium-sized companies in the same sector in 2025. What does this mean?
Rank: 486 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 28 and solidity 88 out of 100 among medium-sized companies in the same sector in 2025. Methodology
Against the sector
AQS HOLDING AS is 14 points above the median for medium-sized companies in the same sector in 2025.
Median score 48 among 456 companies.
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating margin | – | 22.9% |
| Profit margin | – | 13.4% |
| Return on assets | 1.4% | 7.6% |
| Equity ratio | 98.9% | 50.4% |
| Debt-to-equity | 0.01 | 0.85 |
| Current ratio | 47.08 | 1.33 |
| Revenue growth | – | 2.4% |
The median and “ahead of” refer to medium-sized companies in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 62, AQS HOLDING AS does better than 78% of medium-sized companies in the same sector (456 companies) in 2025.
Score 2023–2025
- AQS HOLDING AS
- Median: medium-sized companies in the same sector
AQS HOLDING AS has a score of 62 for 2025, rank 486 of 2,035 in the sector.
Strongest: Liquidity: percentile 93 against peers, current ratio 47.08 against a median of 1.33. Solidity: percentile 88 against peers, equity ratio 98.9% against a median of 50.4%.
Weakest: Profitability: percentile 28 against peers.
Worth a closer look
- 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
AQS HOLDING AS had an operating margin of – and an equity ratio of 98.9% in 2025, and ranks 486 of 2,035 in Sjøfart.
From 2024 to 2025: went from a loss to a profit before tax and the equity ratio rose from 74.2% to 98.9%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 40 MNOK and 504 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 40 MNOK |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 504 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.
Financial costs were 49.6% 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.
Data quality
- watch Revenue not reported
- watch No revenue but large assets
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 | 28 | weight 30% |
|---|---|---|
| Solidity | 88 | weight 25% |
| Liquidity | 93 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 54 | weight 15% |
Durability: 49 (average over 3 years)
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is AQS HOLDING AS?
The operating margin was – in 2025, against a median of 22.9% among medium-sized companies in the same sector. Return on assets was 1.4%.
How solid is AQS HOLDING AS?
The equity ratio was 98.9% in 2025 (median 50.4%). Debt-to-equity was 0.01 (median 0.85).
What is the liquidity of AQS HOLDING AS like?
The current ratio was 47.08 in 2025 (median 1.33).
How does AQS HOLDING AS compare in Sjøfart?
AQS HOLDING AS ranks 486 of 2,035 in Sjøfart for 2025. Among companies of the same size (medium-sized companies) it ranks 103 of 456.
Group accounts · 2025
49 of 100
Rank 516 of 975 groups with group accounts. Groups are ranked only against each other, not against single companies.
| Key figure | The group | The company alone (2025) |
|---|---|---|
| Operating margin | 5.1% | – |
| Return on assets | 1.7% | 1.4% |
| Equity ratio | 42.0% | 98.9% |
| Current ratio | 1.76 | 47.08 |
| Revenue growth | 11.9% | – |
Group index in earlier years: 2023: 33 (903 of 1176), 2024: 42 (651 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.
- 914333849
- Legal form
- AS
- Sector
- Sjøfart (50.202)
- Size tier
- medium
- Employees
- 0–4 (not registered)
- Founded
- 26 September 2014 12 years in operation
- Share capital
- 9.22 MNOK
- Business address
- Øra Industriområde, 7770 FLATANGER
- Municipality
- Flatanger rank 6 of 36 in KOSTRA group 15
- Latest accounts filed
- 2025
- Website
- www.aqs.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
- Robert Lundli Hundstad
- Chair of the board
- Ove Løfsnæs
- Board member
- Sandra Bjørkli Løfsnæs
- Board member
- Pauline Béatrix Geoffroy
- Board member
- Michael Dedieu
- Deputy member
- Edvard Østvik Løfsnæs
- Deputy member
- Mattia Borello
- Auditor
- BDO AS
- Accountant
- BRYGGA REGNSKAP AS
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 | 34 | 52 | 62 | |
| Rank | 1,360 | 858 | 486 | |
| Operating margin | 22.4% | – | – | |
| Return on assets | 5.1% | 0.5% | 1.4% | |
| Equity ratio | 32.2% | 74.2% | 98.9% | |
| Current ratio | 0.33 | 39.50 | 47.08 | |
| Revenue growth | – | – | – |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 221.3 MNOK | – | – |
| Operating profit | 49.5 MNOK | −0.4 MNOK | −0.6 MNOK |
| Profit before tax | 27.3 MNOK | −2.2 MNOK | 4.5 MNOK |
| Net profit | 23.8 MNOK | −2.2 MNOK | 4.0 MNOK |
| Financial expenses | 23.2 MNOK | 3.1 MNOK | 2.9 MNOK |
| Total assets | 992.1 MNOK | 169.1 MNOK | 509.7 MNOK |
| Current assets | 80.7 MNOK | 1.9 MNOK | 273.4 MNOK |
| Equity | 319.7 MNOK | 125.4 MNOK | 503.9 MNOK |
| Retained earnings | 65.1 MNOK | −1.9 MNOK | 2.1 MNOK |
| Total liabilities | 672.4 MNOK | 43.7 MNOK | 5.8 MNOK |
| Current liabilities | 243.3 MNOK | 0.0 MNOK | 5.8 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 7220054.
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