OCEAN ADVENTURES AS
Score · fiscal year 2024
41of 100
How to read this: the company is ahead of 32 % of small companies in the same sector in 2024. What does this mean?
Rank: 1,307 of 1,920 · Sjøfart
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 60 and solidity 12 out of 100 among small companies in the same sector in 2024. Methodology
Against the sector
OCEAN ADVENTURES AS is 9 points below 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 21.0% (median 7.2%) and equity ratio 4.0% (median 51.6%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 0 MNOK | 5 MNOK |
| Operating margin | 21.0% | 7.2% |
| Profit margin | −6.1% | 7.6% |
| Return on assets | 5.1% | 3.9% |
| Equity ratio | 4.0% | 51.6% |
| Debt-to-equity | 24.13 | 0.50 |
| Current ratio | 0.05 | 1.75 |
| Revenue growth | 270.7% | 5.4% |
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 41, OCEAN ADVENTURES AS does better than 32% of small companies in the same sector (1,398 companies) in 2024.
Score 2023–2025
- OCEAN ADVENTURES AS
- Median: small companies in the same sector
What the numbers say
OCEAN ADVENTURES AS had an operating margin of 21.0% and an equity ratio of 4.0% in 2024, and ranks 1,307 of 1,920 in Sjøfart.
From 2023 to 2024: the operating margin rose from −96.6% to 21.0% and revenue grew by 271%.
This text is generated automatically from the 2024 accounts.
Three simple methods
The methods give between 0 MNOK and 0 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | 0 MNOK |
| P/B | 1.0 | 0 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
- critical
Consider strengthening liquidity: current liabilities are 20.3 times current assets.
Based on: Current ratio 0.05 (median 1.75).
- watch
The equity ratio is very low. Could the company absorb a bad year, and does it need more equity?
Based on: Equity ratio 4.0% (median 51.6%).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −6.1% (median 7.6%).
- 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 270.7% (median 5.4%); Current ratio 0.05 (median 1.75).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 6.9% 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 | 60 | weight 30% |
|---|---|---|
| Solidity | 12 | weight 25% |
| Liquidity | 8 | weight 15% |
| Growth | 95 | weight 15% |
| Consistency | 27 | weight 15% |
Durability: 28 (average over 2 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is OCEAN ADVENTURES AS?
The operating margin was 21.0% in 2024, against a median of 7.2% among small companies in the same sector. Return on assets was 5.1%. The company made a loss before tax.
How solid is OCEAN ADVENTURES AS?
The equity ratio was 4.0% in 2024 (median 51.6%). Debt-to-equity was 24.13 (median 0.50).
What is the liquidity of OCEAN ADVENTURES AS like?
The current ratio was 0.05 in 2024 (median 1.75). Current assets did not cover current liabilities.
How does OCEAN ADVENTURES AS compare in Sjøfart?
OCEAN ADVENTURES AS ranks 1,307 of 1,920 in Sjøfart for 2024. Among companies of the same size (small companies) it ranks 955 of 1,398. Revenue changed by 270.7% from the year before.
From the Central Coordinating Register
- Org. no.
- 924545143
- Legal form
- AS
- Sector
- Sjøfart (50.109)
- Size tier
- small
- Employees
- 0–4 (not registered)
- Founded
- 27 January 2020 6 years in operation
- Share capital
- 0.03 MNOK
- Business address
- Bergsveien 22, 9403 HARSTAD
- Municipality
- Harstad rank 9–22 of 27 in KOSTRA group 9
- Audit
- Audit opted out from 5 February 2020
- 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
- Morten Myhre
- Chair of the board
- Morten Myhre
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 | 16 | 41 | 50 | |
| Rank | 1,640 | 1,307 | 980 | |
| Operating margin | −96.6% | 21.0% | 29.2% | |
| Return on assets | −6.0% | 5.1% | 7.9% | |
| Equity ratio | 5.2% | 4.0% | 20.9% | |
| Current ratio | 0.13 | 0.05 | 0.61 | |
| Revenue growth | – | 270.7% | 156.9% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 0.1 MNOK | 0.3 MNOK | 0.9 MNOK |
| Operating profit | −0.1 MNOK | 0.1 MNOK | 0.3 MNOK |
| Profit before tax | −0.1 MNOK | 0.0 MNOK | 0.2 MNOK |
| Net profit | −0.1 MNOK | 0.0 MNOK | 0.2 MNOK |
| Financial expenses | 0.0 MNOK | 0.1 MNOK | 0.1 MNOK |
| Total assets | 1.5 MNOK | 1.4 MNOK | 3.2 MNOK |
| Current assets | 0.1 MNOK | 0.0 MNOK | 0.9 MNOK |
| Equity | 0.1 MNOK | 0.1 MNOK | 0.7 MNOK |
| Retained earnings | −0.1 MNOK | −0.1 MNOK | 0.1 MNOK |
| Total liabilities | 1.4 MNOK | 1.3 MNOK | 2.5 MNOK |
| Current liabilities | 0.7 MNOK | 1.0 MNOK | 1.5 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 5532051.
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