ISLAND OCEAN AS
Score · fiscal year 2025
36of 100
How to read this: the company is ahead of 27 % of small companies in the same sector in 2025. What does this mean?
Rank: 852 of 1,104 · Sjøfart
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 62 and solidity 12 out of 100 among small companies in the same sector in 2025. Methodology
Against the sector
ISLAND OCEAN AS is 15 points below the median for small companies in the same sector in 2025.
Median score 51 among 714 companies.
Against small companies in the same sector in 2025: operating margin 43.1% (median 6.7%) and equity ratio 0.6% (median 45.9%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 48 MNOK | 4 MNOK |
| Operating margin | 43.1% | 6.7% |
| Profit margin | 11.8% | 6.8% |
| Return on assets | 0.6% | 3.3% |
| Equity ratio | 0.6% | 45.9% |
| Debt-to-equity | 164.78 | 0.71 |
| Current ratio | 0.94 | 1.66 |
| Revenue growth | – | 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 36, ISLAND OCEAN AS does better than 27% of small companies in the same sector (716 companies) in 2025.
Score 2023–2025
- ISLAND OCEAN AS
- Median: small companies in the same sector
What the numbers say
ISLAND OCEAN AS had an operating margin of 43.1% and an equity ratio of 0.6% in 2025, and ranks 852 of 1,104 in Sjøfart.
From 2024 to 2025: the equity ratio fell from 100.0% to 0.6% and went from a loss to a profit before tax.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 6 MNOK and 164 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 56 MNOK |
| EV/EBIT | 8.0 | 164 MNOK |
| P/B | 1.0 | 6 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
The equity ratio is very low. Could the company absorb a bad year, and does it need more equity?
Based on: Equity ratio 0.6% (median 45.9%).
- watch
Consider strengthening liquidity: current liabilities are 1.1 times current assets.
Based on: Current ratio 0.94 (median 1.66).
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 2.5%. 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 | 62 | weight 30% |
|---|---|---|
| Solidity | 12 | weight 25% |
| Liquidity | 32 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 29 | weight 15% |
Durability: 45 (average over 3 years)
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is ISLAND OCEAN AS?
The operating margin was 43.1% in 2025, against a median of 6.7% among small companies in the same sector. Return on assets was 0.6%.
How solid is ISLAND OCEAN AS?
The equity ratio was 0.6% in 2025 (median 45.9%). Debt-to-equity was 164.78 (median 0.71).
What is the liquidity of ISLAND OCEAN AS like?
The current ratio was 0.94 in 2025 (median 1.66). Current assets did not cover current liabilities.
How does ISLAND OCEAN AS compare in Sjøfart?
ISLAND OCEAN AS ranks 852 of 1,104 in Sjøfart for 2025. Among companies of the same size (small companies) it ranks 526 of 716.
From the Central Coordinating Register
- Org. no.
- 927475308
- Legal form
- AS · part of a group
- Sector
- Sjøfart (50.201)
- Size tier
- small
- Employees
- 0–4 (not registered)
- Founded
- 7 July 2021 5 years in operation
- Share capital
- 0.53 MNOK
- Business address
- Stålhaugen 9, 6065 ULSTEINVIK
- Municipality
- Ulstein rank 7 of 40 in KOSTRA group 1
- 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
- Chair of the board
- Morten Ulstein
- Board member
- Gary J Chouest
- Deputy member
- Håvard Ulstein
- Deputy member
- Dino David Chouest
- Auditor
- ERNST & YOUNG AS
- Accountant
- HASUND 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 27 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 49 | 50 | 36 | |
| Rank | 526 | 553 | 852 | |
| Operating margin | – | – | 43.1% | |
| Return on assets | −3.3% | −6.5% | 0.6% | |
| Equity ratio | 100.0% | 100.0% | 0.6% | |
| Current ratio | – | – | 0.94 | |
| Revenue growth | – | – | – |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 0.0 MNOK | 0.0 MNOK | 47.6 MNOK |
| Operating profit | 0.0 MNOK | 0.0 MNOK | 20.5 MNOK |
| Profit before tax | 0.0 MNOK | 0.0 MNOK | 5.6 MNOK |
| Net profit | 0.0 MNOK | 0.0 MNOK | 5.6 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Total assets | 0.0 MNOK | 0.0 MNOK | 932.6 MNOK |
| Current assets | 0.0 MNOK | 0.0 MNOK | 44.7 MNOK |
| Equity | 0.0 MNOK | 0.0 MNOK | 5.6 MNOK |
| Retained earnings | 0.0 MNOK | 0.0 MNOK | 5.6 MNOK |
| Total liabilities | 0.0 MNOK | 0.0 MNOK | 927.0 MNOK |
| Current liabilities | 0.0 MNOK | 0.0 MNOK | 47.4 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 27 October 2026, accounts id 6771300.
Further
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