HAV LINE AS
Accounts for 2025 are missing. The deadline was 31 July 2026. The Brønnøysund Register Centre does not publish when accounts arrived, only the latest year filed.
Score · fiscal year 2024
12of 100
How to read this: the company is ahead of 1 % of companies in the Morning class Medium in the same sector in 2024. What does this mean?
Rank in the Morning class Medium: 361 of 363 · What are Morning company classes?
Place in the whole sector: 950 of 961 · Sjøfart
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 2 and solidity 0 out of 100 among companies in the Morning class Medium in the same sector in 2024. Methodology
Against the sector
HAV LINE AS is 37 points below the median for companies in the Morning class Medium in the same sector in 2024.
Median score 49 among 363 companies.
Against companies in the Morning class Medium in the same sector in 2024: operating margin −11.7% (median 27.4%) and equity ratio −110.8% (median 39.1%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 352 MNOK | 142 MNOK |
| Operating margin | −11.7% | 27.4% |
| Profit margin | −12.9% | 15.3% |
| Return on assets | −33.0% | 11.2% |
| Equity ratio | −110.8% | 39.1% |
| Debt-to-equity | – | 1.38 |
| Current ratio | 0.49 | 1.44 |
| Revenue growth | 21.0% | 6.3% |
The median and “ahead of” refer to companies in the Morning class Medium in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
With an index of 12, HAV LINE AS does better than 1% of companies in the Morning class Medium in the same sector (363 companies) in 2024.
Score 2022–2024
- HAV LINE AS
- Median: companies in the Morning class Medium in the same sector
HAV LINE AS has a score of 12 for 2024, rank 950 of 961 in the sector.
Strongest: Growth: percentile 65 against peers, revenue growth 21.0% against a median of 6.3%.
Weakest: Solidity: percentile 0 against peers, equity ratio −110.8% against a median of 39.1%. Profitability: percentile 2 against peers, operating margin −11.7% against a median of 27.4%.
Worth a closer look
- Equity is negative. How will it be rebuilt, and what do lenders and the auditor say about going concern? Based on: equity ratio −110.8% (median 39.1%).
- Consider strengthening liquidity: current liabilities are 2.1 times current assets. Based on: current ratio 0.49 (median 1.44).
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin −12.9% (median 15.3%).
- What lies behind weak solidity, 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
HAV LINE AS had an operating margin of −11.7% and an equity ratio of −110.8% in 2024, and ranks 950 of 961 in Sjøfart.
From 2023 to 2024: the equity ratio fell from −30.0% to −110.8% and the operating margin fell from −0.7% to −11.7%.
This text is generated automatically from the 2024 accounts.
Three simple methods
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | not meaningful |
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
- critical
Equity is negative. How will it be rebuilt, and what do lenders and the auditor say about going concern?
Based on: Equity ratio −110.8% (median 39.1%).
- critical
Consider strengthening liquidity: current liabilities are 2.1 times current assets.
Based on: Current ratio 0.49 (median 1.44).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −12.9% (median 15.3%).
- 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 −11.7% (median 27.4%).
- watch
Strong growth with weak liquidity. Is the growth financed, or does it tie up capital the company does not have?
Based on: Revenue growth 21.0% (median 6.3%); Current ratio 0.49 (median 1.44).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 3.3% of the debt in 2024. The policy rate averaged 4.50 % 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
- critical Negative equity
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 | 2 | weight 30% |
|---|---|---|
| Solidity | 0 | weight 25% |
| Liquidity | 9 | weight 15% |
| Growth | 65 | weight 15% |
| Consistency | 3 | weight 15% |
Durability: 13 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is HAV LINE AS?
The operating margin was −11.7% in 2024, against a median of 27.4% among companies in the Morning class Medium in the same sector. Return on assets was −33.0%. The company made a loss before tax.
How solid is HAV LINE AS?
The equity ratio was −110.8% in 2024 (median 39.1%). Equity is negative, so liabilities exceed assets.
What is the liquidity of HAV LINE AS like?
The current ratio was 0.49 in 2024 (median 1.44). Current assets did not cover current liabilities.
How does HAV LINE AS compare in Sjøfart?
HAV LINE AS ranks 950 of 961 in Sjøfart for 2024. Among companies in the Morning class Medium it is number 361 of 363. Revenue changed by 21.0% from the year before.
Group accounts
The company is registered as part of a group, but we have no group accounts for it. Group accounts are filed by the parent company, and open data does not say which company that is.
Read the figures with care: a company in a group can look strong because of group contributions, or weak because dividends go up to the parent. The figures are indications, not the full picture.
We do not show the group structure, because open data does not say who owns whom.
From the Central Coordinating Register
- Org. no.
- 917438374
- Legal form
- AS · part of a group
- Sector
- Sjøfart (50.201)
- Morning company class
- Medium
- Employees
- 0–4 (not registered)
- Founded
- 15 June 2016 10 years in operation
- Share capital
- 0.60 MNOK
- Business address
- Christian Michelsens gate 6B, 5012 BERGEN
- Municipality
- Bergen rank 8 of 11 in KOSTRA group 12
- Latest accounts filed
- 2024
- LEI
- 254900P24HT2UWTWK962 not renewed (lapsed)
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
- Chair of the board
- Frode Blakstad
- Auditor
- KPMG AS
Source: Central Coordinating Register, fetched 29 October 2026. Only names are shown.
- Parent company
- HAV LINE GRUPPEN AS (Norway)
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 29 October 2026. The parent is the one the company itself reported to GLEIF.
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 · 2022–2024
| Key figure | 2022 | 2023 | 2024 | Trend |
|---|---|---|---|---|
| Index | 10 | 17 | 12 | |
| Rank | 18 | 834 | 950 | |
| Operating margin | −28.2% | −0.7% | −11.7% | |
| Return on assets | −38.5% | −3.9% | −33.0% | |
| Equity ratio | −26.4% | −30.0% | −110.8% | |
| Current ratio | 0.63 | 0.64 | 0.49 | |
| Revenue growth | – | 64.9% | 21.0% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2022 | 2023 | 2024 |
|---|---|---|---|
| Operating revenue | 176.7 MNOK | 291.3 MNOK | 352.5 MNOK |
| Operating profit | −49.8 MNOK | −2.1 MNOK | −41.1 MNOK |
| Profit before tax | −51.7 MNOK | −5.1 MNOK | −45.4 MNOK |
| Net profit | −40.4 MNOK | −4.0 MNOK | −86.2 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK | 8.0 MNOK |
| Total assets | 134.6 MNOK | 131.6 MNOK | 113.4 MNOK |
| Current assets | 43.3 MNOK | 36.1 MNOK | 55.1 MNOK |
| Equity | −35.5 MNOK | −39.4 MNOK | −125.7 MNOK |
| Retained earnings | −36.1 MNOK | −40.0 MNOK | −126.3 MNOK |
| Total liabilities | 170.1 MNOK | 171.0 MNOK | 239.0 MNOK |
| Current liabilities | 68.3 MNOK | 56.7 MNOK | 113.4 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 6346063.
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