ADSMH MANAGEMENT AS
Score · fiscal year 2024
52of 100
How to read this: the company is ahead of 54 % of small companies in the same sector in 2024. What does this mean?
Rank: 868 of 1,920 · Sjøfart
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 44 and solidity 59 out of 100 among small companies in the same sector in 2024. Methodology
Against the sector
ADSMH MANAGEMENT AS is 2 points above the median for small companies in the same sector in 2024.
Median score 50 among 1,397 companies.
Against small companies in the same sector in 2024: operating margin −6.6% (median 7.2%) and equity ratio 74.4% (median 51.6%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 8 MNOK | 5 MNOK |
| Operating margin | −6.6% | 7.2% |
| Profit margin | 37.2% | 7.6% |
| Return on assets | 7.1% | 3.9% |
| Equity ratio | 74.4% | 51.6% |
| Debt-to-equity | 0.34 | 0.50 |
| Current ratio | 4.56 | 1.75 |
| Revenue growth | −10.5% | 5.4% |
| Revenue per employee | 1.62 MNOK | 1.24 MNOK |
The median and “ahead of” refer to small companies in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
With an index of 52, ADSMH MANAGEMENT AS does better than 54% of small companies in the same sector (1,398 companies) in 2024.
Score 2023–2025
- ADSMH MANAGEMENT AS
- Median: small companies in the same sector
What the numbers say
ADSMH MANAGEMENT AS had an operating margin of −6.6% and an equity ratio of 74.4% in 2024, and ranks 868 of 1,920 in Sjøfart.
From 2023 to 2024: the operating margin fell from −1.9% to −6.6% and the equity ratio fell from 82.0% to 74.4%.
This text is generated automatically from the 2024 accounts.
Three simple methods
The methods give between 23 MNOK and 35 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 23 MNOK |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 35 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 2.7% 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.
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 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 | 44 | weight 30% |
|---|---|---|
| Solidity | 59 | weight 25% |
| Liquidity | 70 | weight 15% |
| Growth | 29 | weight 15% |
| Consistency | 62 | weight 15% |
Durability: 58 (average over 2 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is ADSMH MANAGEMENT AS?
The operating margin was −6.6% in 2024, against a median of 7.2% among small companies in the same sector. Return on assets was 7.1%.
How solid is ADSMH MANAGEMENT AS?
The equity ratio was 74.4% in 2024 (median 51.6%). Debt-to-equity was 0.34 (median 0.50).
What is the liquidity of ADSMH MANAGEMENT AS like?
The current ratio was 4.56 in 2024 (median 1.75).
How does ADSMH MANAGEMENT AS compare in Sjøfart?
ADSMH MANAGEMENT AS ranks 868 of 1,920 in Sjøfart for 2024. Among companies of the same size (small companies) it ranks 640 of 1,398. Revenue changed by −10.5% from the year before.
From the Central Coordinating Register
- Org. no.
- 919999853
- Legal form
- AS
- Sector
- Sjøfart (50.201)
- Size tier
- small
- Employees
- 5 registered 10 April 2026
- Founded
- 9 November 2017 8 years in operation
- Share capital
- 0.17 MNOK
- Business address
- Sandvigveien 19, 4816 KOLBJØRNSVIK (ARENDAL)
- Municipality
- Arendal rank 5–10 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
- Chair of the board
- Terje Bodin Larsen
- Auditor
- CEDRA NORGE AS
- Accountant
- ECIT NORMANN & ØYGARDEN 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 | 63 | 52 | 55 | |
| Rank | 420 | 868 | 786 | |
| Operating margin | −1.9% | −6.6% | −3.4% | |
| Return on assets | 4.6% | 7.1% | 1.1% | |
| Equity ratio | 82.0% | 74.4% | 77.9% | |
| Current ratio | 8.23 | 4.56 | 4.62 | |
| Revenue growth | – | −10.5% | 1.3% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 9.1 MNOK | 8.1 MNOK | 8.2 MNOK |
| Operating profit | −0.2 MNOK | −0.5 MNOK | −0.3 MNOK |
| Profit before tax | 1.8 MNOK | 3.0 MNOK | −2.1 MNOK |
| Net profit | 1.6 MNOK | 2.3 MNOK | −2.1 MNOK |
| Financial expenses | 0.2 MNOK | 0.3 MNOK | 2.5 MNOK |
| Total assets | 43.1 MNOK | 47.1 MNOK | 42.3 MNOK |
| Current assets | 39.6 MNOK | 44.1 MNOK | 34.7 MNOK |
| Equity | 35.3 MNOK | 35.0 MNOK | 33.0 MNOK |
| Retained earnings | 34.8 MNOK | 34.5 MNOK | 32.4 MNOK |
| Total liabilities | 7.7 MNOK | 12.1 MNOK | 9.4 MNOK |
| Current liabilities | 4.8 MNOK | 9.7 MNOK | 7.5 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 6304195.
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