CRUISE SERVICE AS
Score · fiscal year 2025
38of 100
How to read this: the company is ahead of 25 % of medium-sized companies in the same sector in 2025. What does this mean?
Rank: 1,166 of 1,589 · Sjøfart
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 40 and solidity 15 out of 100 among medium-sized companies in the same sector in 2025. Methodology
Against the sector
CRUISE SERVICE AS is 10 points below the median for medium-sized companies in the same sector in 2025.
Median score 48 among 355 companies.
Against medium-sized companies in the same sector in 2025: operating margin 7.5% (median 24.9%) and equity ratio 11.5% (median 53.8%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 106 MNOK | 181 MNOK |
| Operating margin | 7.5% | 24.9% |
| Profit margin | 1.3% | 17.8% |
| Return on assets | 7.9% | 7.4% |
| Equity ratio | 11.5% | 53.8% |
| Debt-to-equity | 7.70 | 0.79 |
| Current ratio | 0.73 | 1.33 |
| Revenue growth | 32.3% | 2.9% |
| Revenue per employee | 2.08 MNOK | 2.91 MNOK |
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 38, CRUISE SERVICE AS does better than 25% of medium-sized companies in the same sector (355 companies) in 2025.
Score 2023–2025
- CRUISE SERVICE AS
- Median: medium-sized companies in the same sector
CRUISE SERVICE AS has a score of 38 for 2025, rank 1,166 of 1,589 in the sector.
Strongest: Growth: percentile 76 against peers, revenue growth 32.3% against a median of 2.9%.
Weakest: Solidity: percentile 15 against peers, equity ratio 11.5% against a median of 53.8%. Liquidity: percentile 25 against peers, current ratio 0.73 against a median of 1.33.
Worth a closer look
- Consider strengthening liquidity: current liabilities are 1.4 times current assets. Based on: current ratio 0.73 (median 1.33).
- Strong growth with weak liquidity. Is the growth financed, or does it tie up capital the company does not have? Based on: revenue growth 32.3% (median 2.9%); current ratio 0.73 (median 1.33).
- 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
CRUISE SERVICE AS had an operating margin of 7.5% and an equity ratio of 11.5% in 2025, and ranks 1,166 of 1,589 in Sjøfart.
From 2024 to 2025: went from a loss to a profit before tax and the operating margin rose from −6.8% to 7.5%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 2 MNOK and 12 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 10 MNOK |
| EV/EBIT | 8.0 | 2 MNOK |
| P/B | 1.0 | 12 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
- watch
Consider strengthening liquidity: current liabilities are 1.4 times current assets.
Based on: Current ratio 0.73 (median 1.33).
- 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 32.3% (median 2.9%); Current ratio 0.73 (median 1.33).
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 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 | 40 | weight 30% |
|---|---|---|
| Solidity | 15 | weight 25% |
| Liquidity | 25 | weight 15% |
| Growth | 76 | weight 15% |
| Consistency | 45 | weight 15% |
Durability: 37 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is CRUISE SERVICE AS?
The operating margin was 7.5% in 2025, against a median of 24.9% among medium-sized companies in the same sector. Return on assets was 7.9%.
How solid is CRUISE SERVICE AS?
The equity ratio was 11.5% in 2025 (median 53.8%). Debt-to-equity was 7.70 (median 0.79).
What is the liquidity of CRUISE SERVICE AS like?
The current ratio was 0.73 in 2025 (median 1.33). Current assets did not cover current liabilities.
How does CRUISE SERVICE AS compare in Sjøfart?
CRUISE SERVICE AS ranks 1,166 of 1,589 in Sjøfart for 2025. Among companies of the same size (medium-sized companies) it ranks 267 of 355. Revenue changed by 32.3% from the year before.
From the Central Coordinating Register
- Org. no.
- 920711502
- Legal form
- AS
- Sector
- Sjøfart (50.109)
- Size tier
- medium
- Employees
- 51 registered 10 October 2026
- Founded
- 11 March 2018 8 years in operation
- Share capital
- 4.99 MNOK
- Business address
- Fyllingsjøen 28, 6030 LANGEVÅG (SULA)
- Municipality
- Sula rank 19 of 40 in KOSTRA group 1
- 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
- Kåre Gunnar Molvær
- Chair of the board
- Frode Håkon Kjølås
- Board member
- Roger Halsebakk
- Board member
- Torstein Holsvik
- Board member
- Kåre Gunnar Molvær
- Auditor
- CONTABILE AS
- Accountant
- LIGHTHOUSE 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 | 39 | 36 | 38 | |
| Rank | 916 | 1,103 | 1,166 | |
| Operating margin | 9.9% | −6.8% | 7.5% | |
| Return on assets | 7.6% | 6.7% | 7.9% | |
| Equity ratio | 7.8% | 10.4% | 11.5% | |
| Current ratio | 1.05 | 0.64 | 0.73 | |
| Revenue growth | – | 2.1% | 32.3% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 78.6 MNOK | 80.2 MNOK | 106.1 MNOK |
| Operating profit | 7.8 MNOK | −5.4 MNOK | 8.0 MNOK |
| Profit before tax | 0.8 MNOK | −0.1 MNOK | 1.4 MNOK |
| Net profit | 0.6 MNOK | 2.6 MNOK | 1.0 MNOK |
| Financial expenses | 7.0 MNOK | 7.0 MNOK | 6.6 MNOK |
| Total assets | 103.4 MNOK | 102.2 MNOK | 101.2 MNOK |
| Current assets | 13.9 MNOK | 15.6 MNOK | 18.7 MNOK |
| Equity | 8.1 MNOK | 10.6 MNOK | 11.6 MNOK |
| Retained earnings | 0.6 MNOK | 3.1 MNOK | 4.1 MNOK |
| Total liabilities | 95.3 MNOK | 91.5 MNOK | 89.6 MNOK |
| Current liabilities | 13.2 MNOK | 24.3 MNOK | 25.5 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 6967300.
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