VARNES CHARTERING AS
Score · fiscal year 2025
51of 100
How to read this: the company is ahead of 52 % of small companies in the same sector in 2025. What does this mean?
Rank: 745 of 1,589 · Sjøfart
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 76 and solidity 33 out of 100 among small companies in the same sector in 2025. Methodology
Against the sector
VARNES CHARTERING AS is 1 points above the median for small companies in the same sector in 2025.
Median score 50 among 1,146 companies.
Against small companies in the same sector in 2025: operating margin 19.8% (median 8.5%) and equity ratio 35.0% (median 50.7%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 7 MNOK | 5 MNOK |
| Operating margin | 19.8% | 8.5% |
| Profit margin | 17.8% | 9.2% |
| Return on assets | 27.3% | 3.1% |
| Equity ratio | 35.0% | 50.7% |
| Debt-to-equity | 1.85 | 0.68 |
| Current ratio | 0.72 | 1.74 |
| Revenue growth | −14.9% | 0.4% |
The median and “ahead of” refer to small companies in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 51, VARNES CHARTERING AS does better than 52% of small companies in the same sector (1,152 companies) in 2025.
Score 2023–2025
- VARNES CHARTERING AS
- Median: small companies in the same sector
VARNES CHARTERING AS has a score of 51 for 2025, rank 745 of 1,589 in the sector.
Strongest: Profitability: percentile 76 against peers, operating margin 19.8% against a median of 8.5%. Consistency: percentile 75 against peers.
Weakest: Growth: percentile 27 against peers, revenue growth −14.9% against a median of 0.4%. Liquidity: percentile 28 against peers, current ratio 0.72 against a median of 1.74.
Worth a closer look
- Consider strengthening liquidity: current liabilities are 1.4 times current assets. Based on: current ratio 0.72 (median 1.74).
- 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
VARNES CHARTERING AS had an operating margin of 19.8% and an equity ratio of 35.0% in 2025, and ranks 745 of 1,589 in Sjøfart.
From 2024 to 2025: the operating margin fell from 27.9% to 19.8% and the equity ratio rose from 26.8% to 35.0%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 2 MNOK and 11 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 10 MNOK |
| EV/EBIT | 8.0 | 11 MNOK |
| P/B | 1.0 | 2 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 0.72 (median 1.74).
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 | 76 | weight 30% |
|---|---|---|
| Solidity | 33 | weight 25% |
| Liquidity | 28 | weight 15% |
| Growth | 27 | weight 15% |
| Consistency | 75 | weight 15% |
Durability: 54 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is VARNES CHARTERING AS?
The operating margin was 19.8% in 2025, against a median of 8.5% among small companies in the same sector. Return on assets was 27.3%.
How solid is VARNES CHARTERING AS?
The equity ratio was 35.0% in 2025 (median 50.7%). Debt-to-equity was 1.85 (median 0.68).
What is the liquidity of VARNES CHARTERING AS like?
The current ratio was 0.72 in 2025 (median 1.74). Current assets did not cover current liabilities.
How does VARNES CHARTERING AS compare in Sjøfart?
VARNES CHARTERING AS ranks 745 of 1,589 in Sjøfart for 2025. Among companies of the same size (small companies) it ranks 551 of 1,152. Revenue changed by −14.9% from the year before.
From the Central Coordinating Register
- Org. no.
- 923346252
- Legal form
- AS
- Sector
- Sjøfart (50.201)
- Size tier
- small
- Employees
- 0–4 (not registered)
- Founded
- 16 August 2019 7 years in operation
- Share capital
- 0.03 MNOK
- Business address
- Strandgaten 30, 4400 FLEKKEFJORD
- Municipality
- Flekkefjord rank 15–27 of 39 in KOSTRA group 4
- 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
- Geir Jerstad
- Chair of the board
- Geir Jerstad
- Board member
- Tore Myklebusthaug
- Auditor
- JOHANSEN REVISJON 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 | 54 | 56 | 51 | |
| Rank | 527 | 518 | 745 | |
| Operating margin | 31.2% | 27.9% | 19.8% | |
| Return on assets | 38.8% | 37.7% | 27.3% | |
| Equity ratio | 25.1% | 26.8% | 35.0% | |
| Current ratio | 0.97 | 0.81 | 0.72 | |
| Revenue growth | – | 14.2% | −14.9% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 7.4 MNOK | 8.5 MNOK | 7.2 MNOK |
| Operating profit | 2.3 MNOK | 2.4 MNOK | 1.4 MNOK |
| Profit before tax | 2.2 MNOK | 2.2 MNOK | 1.3 MNOK |
| Net profit | 1.7 MNOK | 1.7 MNOK | 1.0 MNOK |
| Financial expenses | 0.2 MNOK | 0.2 MNOK | 0.2 MNOK |
| Total assets | 6.2 MNOK | 6.4 MNOK | 5.4 MNOK |
| Current assets | 2.2 MNOK | 2.4 MNOK | 1.4 MNOK |
| Equity | 1.6 MNOK | 1.7 MNOK | 1.9 MNOK |
| Retained earnings | 1.5 MNOK | 1.7 MNOK | 1.9 MNOK |
| Total liabilities | 4.6 MNOK | 4.7 MNOK | 3.5 MNOK |
| Current liabilities | 2.2 MNOK | 3.0 MNOK | 1.9 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 6388215.
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