GST GROUP AS
Score · fiscal year 2025
51of 100
How to read this: the company is ahead of 54 % of small companies in the same sector in 2025. What does this mean?
Rank: 462 of 1,014 · Sjøfart
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 50 and solidity 66 out of 100 among small companies in the same sector in 2025. Methodology
Against the sector
GST GROUP AS is 1 points above the median for small companies in the same sector in 2025.
Median score 50 among 704 companies.
Against small companies in the same sector in 2025: operating margin 4.5% (median 11.2%) and equity ratio 59.9% (median 44.3%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 1 MNOK | 21 MNOK |
| Operating margin | 4.5% | 11.2% |
| Profit margin | 4.5% | 9.1% |
| Return on assets | 11.6% | 7.6% |
| Equity ratio | 59.9% | 44.3% |
| Debt-to-equity | 0.67 | 1.05 |
| Current ratio | 2.13 | 1.67 |
| Revenue growth | −9.5% | 2.9% |
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, GST GROUP AS does better than 54% of small companies in the same sector (704 companies) in 2025.
Score 2023–2025
- GST GROUP AS
- Median: small companies in the same sector
GST GROUP AS has a score of 51 for 2025, rank 462 of 1,014 in the sector.
Strongest: Solidity: percentile 66 against peers, equity ratio 59.9% against a median of 44.3%.
Weakest: Growth: percentile 24 against peers, revenue growth −9.5% against a median of 2.9%.
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
GST GROUP AS had an operating margin of 4.5% and an equity ratio of 59.9% in 2025, and ranks 462 of 1,014 in Sjøfart.
From 2024 to 2025: went from a loss to a profit before tax and the operating margin rose from −10.0% to 4.5%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 0 MNOK and 1 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 0 MNOK |
| EV/EBIT | 8.0 | 1 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
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 0.2% 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.
Data quality
No anomalies found in the figures.
Scenario analysis: the sector's weakest year
We have no accounts for 2022, the sector's weakest year, for this company.
The sector's weakest year was 2022, with a median operating margin of 5.1%. 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 | 50 | weight 30% |
|---|---|---|
| Solidity | 66 | weight 25% |
| Liquidity | 59 | weight 15% |
| Growth | 24 | weight 15% |
| Consistency | 50 | weight 15% |
Durability: 45 (average over 2 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is GST GROUP AS?
The operating margin was 4.5% in 2025, against a median of 11.2% among small companies in the same sector. Return on assets was 11.6%.
How solid is GST GROUP AS?
The equity ratio was 59.9% in 2025 (median 44.3%). Debt-to-equity was 0.67 (median 1.05).
What is the liquidity of GST GROUP AS like?
The current ratio was 2.13 in 2025 (median 1.67).
How does GST GROUP AS compare in Sjøfart?
GST GROUP AS ranks 462 of 1,014 in Sjøfart for 2025. Among companies of the same size (small companies) it ranks 325 of 704. Revenue changed by −9.5% from the year before.
From the Central Coordinating Register
- Org. no.
- 924685085
- Legal form
- AS
- Sector
- Sjøfart (50.102)
- Size tier
- small
- Employees
- 0–4 (not registered)
- Founded
- 20 February 2020 6 years in operation
- Share capital
- 0.03 MNOK
- Business address
- Furuliveien 22C, 4878 GRIMSTAD
- Municipality
- Grimstad rank 7–18 of 27 in KOSTRA group 9
- Audit
- Audit opted out from 2 March 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
- Hinrik Gislason
- Chair of the board
- Hinrik Gislason
- Accountant
- TROMØY REGNSKAPS-SERVICE 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 | – | 39 | 51 | |
| Rank | – | 677 | 462 | |
| Operating margin | 13.7% | −10.0% | 4.5% | |
| Return on assets | 25.4% | −26.7% | 11.6% | |
| Equity ratio | 65.3% | 45.5% | 59.9% | |
| Current ratio | 2.88 | 1.55 | 2.13 | |
| Revenue growth | – | 29.6% | −9.5% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 0.9 MNOK | 1.1 MNOK | 1.0 MNOK |
| Operating profit | 0.1 MNOK | −0.1 MNOK | 0.0 MNOK |
| Profit before tax | 0.1 MNOK | −0.1 MNOK | 0.0 MNOK |
| Net profit | 0.1 MNOK | −0.1 MNOK | 0.0 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Total assets | 0.5 MNOK | 0.4 MNOK | 0.4 MNOK |
| Current assets | 0.5 MNOK | 0.4 MNOK | 0.3 MNOK |
| Equity | 0.3 MNOK | 0.2 MNOK | 0.2 MNOK |
| Retained earnings | 0.3 MNOK | 0.2 MNOK | 0.2 MNOK |
| Total liabilities | 0.2 MNOK | 0.2 MNOK | 0.2 MNOK |
| Current liabilities | 0.2 MNOK | 0.2 MNOK | 0.2 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 6355545.
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