USV AS
Accounts for 2025 are missing. The deadline was 31 July 2026. The Brønnøysund Register Centre does not publish when accounts arrived, only the latest year filed.
Score · fiscal year 2024
37of 100
How to read this: the company is ahead of 25 % of companies in the Morning class Micro in the same sector in 2024. What does this mean?
Rank in the Morning class Micro: 198 of 263 · What are Morning company classes?
Place in the whole sector: 730 of 961 · Sjøfart
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 27 and solidity 50 out of 100 among companies in the Morning class Micro in the same sector in 2024. Methodology
Against the sector
USV AS is 13 points below the median for companies in the Morning class Micro in the same sector in 2024.
Median score 50 among 263 companies.
Against companies in the Morning class Micro in the same sector in 2024: operating margin −9.7% (median 4.1%) and equity ratio 56.7% (median 53.7%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 4 MNOK | 3 MNOK |
| Operating margin | −9.7% | 4.1% |
| Profit margin | −32.8% | 7.2% |
| Return on assets | −0.2% | 7.2% |
| Equity ratio | 56.7% | 53.7% |
| Debt-to-equity | 0.76 | 0.62 |
| Current ratio | 0.07 | 2.05 |
| Revenue growth | 78.6% | 9.4% |
The median and “ahead of” refer to companies in the Morning class Micro in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
With an index of 37, USV AS does better than 25% of companies in the Morning class Micro in the same sector (263 companies) in 2024.
Score 2022–2024
- USV AS
- Median: companies in the Morning class Micro in the same sector
USV AS has a score of 37 for 2024, rank 730 of 961 in the sector.
Strongest: Growth: percentile 86 against peers, revenue growth 78.6% against a median of 9.4%.
Weakest: Liquidity: percentile 2 against peers, current ratio 0.07 against a median of 2.05. Consistency: percentile 21 against peers.
Worth a closer look
- Consider strengthening liquidity: current liabilities are 15.2 times current assets. Based on: current ratio 0.07 (median 2.05).
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin −32.8% (median 7.2%).
- Strong growth with weak liquidity. Is the growth financed, or does it tie up capital the company does not have? Based on: revenue growth 78.6% (median 9.4%); current ratio 0.07 (median 2.05).
- What lies behind weak consistency, 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
USV AS had an operating margin of −9.7% and an equity ratio of 56.7% in 2024, and ranks 730 of 961 in Sjøfart.
From 2023 to 2024: revenue grew by 79% and the operating margin rose from −14.6% to −9.7%.
This text is generated automatically from the 2024 accounts.
Three simple methods
One method gives a figure: 112 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 112 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 15.2 times current assets.
Based on: Current ratio 0.07 (median 2.05).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −32.8% (median 7.2%).
- 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 78.6% (median 9.4%); Current ratio 0.07 (median 2.05).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 1.1% 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.
See interest rates, prices and exchange rates for the sector
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 | 27 | weight 30% |
|---|---|---|
| Solidity | 50 | weight 25% |
| Liquidity | 2 | weight 15% |
| Growth | 86 | weight 15% |
| Consistency | 21 | weight 15% |
Durability: 39 (average over 2 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is USV AS?
The operating margin was −9.7% in 2024, against a median of 4.1% among companies in the Morning class Micro in the same sector. Return on assets was −0.2%. The company made a loss before tax.
How solid is USV AS?
The equity ratio was 56.7% in 2024 (median 53.7%). Debt-to-equity was 0.76 (median 0.62).
What is the liquidity of USV AS like?
The current ratio was 0.07 in 2024 (median 2.05). Current assets did not cover current liabilities.
How does USV AS compare in Sjøfart?
USV AS ranks 730 of 961 in Sjøfart for 2024. Among companies in the Morning class Micro it is number 198 of 263. Revenue changed by 78.6% from the year before.
From the Central Coordinating Register
- Org. no.
- 927083957
- Legal form
- AS
- Sector
- Sjøfart (50.201)
- Morning company class
- Micro
- Employees
- 0–4 (not registered)
- Founded
- 26 April 2021 5 years in operation
- Share capital
- 0.10 MNOK
- Business address
- Nesavegen 39, 4280 SKUDENESHAVN (KARMØY)
- Municipality
- Karmøy rank 2–7 of 13 in KOSTRA group 10
- Latest accounts filed
- 2024
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
- Chair of the board
- Øyvind Mikaelsen
- Board member
- Ottar Kringen Mæland
- Board member
- Lars Peder Solstad
- Board member
- Kristian Helland Vea
- Auditor
- ERNST & YOUNG 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 27 October 2026.
Year by year · 2022–2024
| Key figure | 2022 | 2023 | 2024 | Trend |
|---|---|---|---|---|
| Index | – | 41 | 37 | |
| Rank | – | 575 | 730 | |
| Operating margin | – | −14.6% | −9.7% | |
| Return on assets | 1.2% | −0.1% | −0.2% | |
| Equity ratio | 87.7% | 53.1% | 56.7% | |
| Current ratio | 0.13 | 5.19 | 0.07 | |
| Revenue growth | – | – | 78.6% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2022 | 2023 | 2024 |
|---|---|---|---|
| Operating revenue | – | 2.2 MNOK | 3.9 MNOK |
| Operating profit | 0.4 MNOK | −0.3 MNOK | −0.4 MNOK |
| Profit before tax | 0.4 MNOK | −0.6 MNOK | −1.3 MNOK |
| Net profit | 0.4 MNOK | −0.6 MNOK | −1.3 MNOK |
| Financial expenses | – | 0.3 MNOK | 1.0 MNOK |
| Total assets | 34.4 MNOK | 208.9 MNOK | 197.7 MNOK |
| Current assets | 0.5 MNOK | 85.3 MNOK | 5.6 MNOK |
| Equity | 30.2 MNOK | 111.0 MNOK | 112.1 MNOK |
| Retained earnings | 0.3 MNOK | −0.3 MNOK | 0.7 MNOK |
| Total liabilities | 4.2 MNOK | 97.9 MNOK | 85.6 MNOK |
| Current liabilities | 4.2 MNOK | 16.4 MNOK | 85.6 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 27 October 2026, accounts id 6233297.
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