Oslo Wave AS
Score · fiscal year 2025
71of 100
How to read this: the company is ahead of 90 % of companies in the Morning class Small in the same sector in 2025. What does this mean?
Rank in the Morning class Small: 29 of 269 · What are Morning company classes?
Place in the whole sector: 103 of 1,006 · Sjøfart
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 64 and solidity 99 out of 100 among companies in the Morning class Small in the same sector in 2025. Methodology
Against the sector
Oslo Wave AS is 20 points above the median for companies in the Morning class Small in the same sector in 2025.
Median score 51 among 269 companies.
Against companies in the Morning class Small in the same sector in 2025: operating margin 25.7% (median 8.6%) and equity ratio 99.7% (median 42.2%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 12 MNOK | 27 MNOK |
| Operating margin | 25.7% | 8.6% |
| Profit margin | 24.5% | 6.7% |
| Return on assets | 10.3% | 7.4% |
| Equity ratio | 99.7% | 42.2% |
| Debt-to-equity | 0.00 | 1.26 |
| Current ratio | 35.97 | 1.46 |
| Revenue growth | −17.7% | 2.8% |
The median and “ahead of” refer to companies in the Morning class Small in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 71, Oslo Wave AS does better than 90% of companies in the Morning class Small in the same sector (269 companies) in 2025.
Score 2023–2025
- Oslo Wave AS
- Median: companies in the Morning class Small in the same sector
Oslo Wave AS has a score of 71 for 2025, rank 103 of 1,006 in the sector.
Strongest: Solidity: percentile 99 against peers, equity ratio 99.7% against a median of 42.2%. Liquidity: percentile 97 against peers, current ratio 35.97 against a median of 1.46.
Weakest: Growth: percentile 19 against peers, revenue growth −17.7% against a median of 2.8%.
Worth a closer look
- What lies behind weak growth, 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
Oslo Wave AS had an operating margin of 25.7% and an equity ratio of 99.7% in 2025, and ranks 103 of 1,006 in Sjøfart.
From 2024 to 2025: the operating margin fell from 36.2% to 25.7% and the equity ratio rose from 78.9% to 99.7%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 3 MUSD and 3 MUSD.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 3 MUSD |
| EV/EBIT | 8.0 | 3 MUSD |
| P/B | 1.0 | 3 MUSD |
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 652.6% 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.
See interest rates, prices and exchange rates for the sector
Data quality
- watch Reports in a currency other than NOK
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 | 64 | weight 30% |
|---|---|---|
| Solidity | 99 | weight 25% |
| Liquidity | 97 | weight 15% |
| Growth | 19 | weight 15% |
| Consistency | 60 | weight 15% |
Durability: 68 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Oslo Wave AS?
The operating margin was 25.7% in 2025, against a median of 8.6% among companies in the Morning class Small in the same sector. Return on assets was 10.3%.
How solid is Oslo Wave AS?
The equity ratio was 99.7% in 2025 (median 42.2%). Debt-to-equity was 0.00 (median 1.26).
What is the liquidity of Oslo Wave AS like?
The current ratio was 35.97 in 2025 (median 1.46).
How does Oslo Wave AS compare in Sjøfart?
Oslo Wave AS ranks 103 of 1,006 in Sjøfart for 2025. Among companies in the Morning class Small it is number 29 of 269. Revenue changed by −17.7% from the year before.
From the Central Coordinating Register
- Org. no.
- 921954212
- Legal form
- AS
- Sector
- Sjøfart (50.201)
- Morning company class
- Small
- Employees
- 0–4 (not registered)
- Founded
- 4 November 2018 7 years in operation
- Share capital
- 0.50 MNOK
- Business address
- Ruseløkkveien 6, 0251 OSLO
- Municipality
- Oslo rank 63–220 of 357 in Norway
- Latest accounts filed
- 2025
- LEI
- 894500HPL9ZEPJF6GL39 renews 2 April 2027
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
Loading roles …
Source: Central Coordinating Register, fetched 29 October 2026. Only names are shown.
- Parent company
- Parent not reported
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 31 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 · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 63 | 69 | 71 | |
| Rank | 244 | 127 | 103 | |
| Operating margin | 38.7% | 36.2% | 25.7% | |
| Return on assets | 12.4% | 10.9% | 10.3% | |
| Equity ratio | 69.0% | 78.9% | 99.7% | |
| Current ratio | 5.21 | 11.15 | 35.97 | |
| Revenue growth | – | −3.4% | −17.7% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (USD). Revenue in NOK is converted from USD at the mean rate for the accounting period 1 January 2025–31 December 2025: 10.3912 (norges_bank). Balance-sheet amounts use the rate on the balance-sheet date. Ratios and growth are computed in USD. Exchange rates at Norges Bank
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 1.4 MUSD | 1.4 MUSD | 1.1 MUSD |
| Operating profit | 0.5 MUSD | 0.5 MUSD | 0.3 MUSD |
| Profit before tax | 0.4 MUSD | 0.5 MUSD | 0.3 MUSD |
| Net profit | 0.4 MUSD | 0.5 MUSD | 0.3 MUSD |
| Financial expenses | 0.1 MUSD | 0.0 MUSD | 0.1 MUSD |
| Total assets | 4.4 MUSD | 4.5 MUSD | 3.3 MUSD |
| Current assets | 0.0 MUSD | 0.9 MUSD | 0.4 MUSD |
| Equity | 3.0 MUSD | 3.6 MUSD | 3.3 MUSD |
| Retained earnings | −0.4 MUSD | 0.1 MUSD | −0.1 MUSD |
| Total liabilities | 1.4 MUSD | 1.0 MUSD | 0.0 MUSD |
| Current liabilities | 0.0 MUSD | 0.1 MUSD | 0.0 MUSD |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 6516053.
Further
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