SEA MARINE AS
Score · fiscal year 2025
60of 100
How to read this: the company is ahead of 73 % of small companies in the same sector in 2025. What does this mean?
Rank: 557 of 2,035 · Sjøfart
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 68 and solidity 67 out of 100 among small companies in the same sector in 2025. Methodology
Against the sector
SEA MARINE AS is 10 points above the median for small companies in the same sector in 2025.
Median score 50 among 1,469 companies.
Against small companies in the same sector in 2025: operating margin 16.3% (median 8.4%) and equity ratio 81.7% (median 51.1%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 41 MNOK | 5 MNOK |
| Operating margin | 16.3% | 8.4% |
| Profit margin | 15.1% | 9.2% |
| Return on assets | 14.3% | 3.4% |
| Equity ratio | 81.7% | 51.1% |
| Debt-to-equity | 0.22 | 0.67 |
| Current ratio | 4.39 | 1.77 |
| Revenue growth | −38.1% | 1.2% |
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 60, SEA MARINE AS does better than 73% of small companies in the same sector (1,476 companies) in 2025.
Score 2023–2025
- SEA MARINE AS
- Median: small companies in the same sector
SEA MARINE AS has a score of 60 for 2025, rank 557 of 2,035 in the sector.
Strongest: Liquidity: percentile 69 against peers, current ratio 4.39 against a median of 1.77. Profitability: percentile 68 against peers, operating margin 16.3% against a median of 8.4%.
Weakest: Growth: percentile 14 against peers, revenue growth −38.1% against a median of 1.2%.
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
SEA MARINE AS had an operating margin of 16.3% and an equity ratio of 81.7% in 2025, and ranks 557 of 2,035 in Sjøfart.
From 2024 to 2025: the operating margin fell from 30.3% to 16.3% and revenue fell by 38%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 45 MNOK and 69 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 62 MNOK |
| EV/EBIT | 8.0 | 69 MNOK |
| P/B | 1.0 | 45 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 17.3% 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 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 | 68 | weight 30% |
|---|---|---|
| Solidity | 67 | weight 25% |
| Liquidity | 69 | weight 15% |
| Growth | 14 | weight 15% |
| Consistency | 67 | weight 15% |
Durability: 58 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is SEA MARINE AS?
The operating margin was 16.3% in 2025, against a median of 8.4% among small companies in the same sector. Return on assets was 14.3%.
How solid is SEA MARINE AS?
The equity ratio was 81.7% in 2025 (median 51.1%). Debt-to-equity was 0.22 (median 0.67).
What is the liquidity of SEA MARINE AS like?
The current ratio was 4.39 in 2025 (median 1.77).
How does SEA MARINE AS compare in Sjøfart?
SEA MARINE AS ranks 557 of 2,035 in Sjøfart for 2025. Among companies of the same size (small companies) it ranks 405 of 1,476. Revenue changed by −38.1% from the year before.
From the Central Coordinating Register
- Org. no.
- 927229579
- Legal form
- AS
- Sector
- Sjøfart (50.201)
- Size tier
- small
- Employees
- 0–4 (not registered)
- Founded
- 19 May 2021 5 years in operation
- Share capital
- 6.00 MNOK
- Business address
- c/o Sparebank 1 Regnskapshuset SMN, St Olavs plass 1, 6002 ÅLESUND
- Municipality
- Ålesund rank 2–6 of 10 in KOSTRA group 11
- 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
- Øystein Hurlen
- Chair of the board
- Øystein Hurlen
- Auditor
- BDO AS
- Accountant
- SPAREBANK 1 REGNSKAPSHUSET SMN 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 · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 41 | 73 | 60 | |
| Rank | 1,177 | 160 | 557 | |
| Operating margin | 8.5% | 30.3% | 16.3% | |
| Return on assets | 3.9% | 41.0% | 14.3% | |
| Equity ratio | 41.5% | 70.3% | 81.7% | |
| Current ratio | 1.24 | 3.08 | 4.39 | |
| Revenue growth | – | 263.2% | −38.1% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 18.2 MNOK | 66.0 MNOK | 40.8 MNOK |
| Operating profit | 1.5 MNOK | 20.0 MNOK | 6.6 MNOK |
| Profit before tax | −3.1 MNOK | 20.9 MNOK | 6.2 MNOK |
| Net profit | −3.1 MNOK | 20.9 MNOK | 6.2 MNOK |
| Financial expenses | 4.8 MNOK | 1.8 MNOK | 1.7 MNOK |
| Total assets | 43.6 MNOK | 55.5 MNOK | 55.3 MNOK |
| Current assets | 16.9 MNOK | 31.7 MNOK | 34.3 MNOK |
| Equity | 18.1 MNOK | 39.0 MNOK | 45.2 MNOK |
| Retained earnings | −3.7 MNOK | 17.2 MNOK | 23.4 MNOK |
| Total liabilities | 25.5 MNOK | 16.5 MNOK | 10.1 MNOK |
| Current liabilities | 13.6 MNOK | 10.3 MNOK | 7.8 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 27 October 2026, accounts id 6646764.
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