ISLAND OCEAN AS
Score · fiscal year 2024
49of 100
How to read this: the company is ahead of 48 % of small companies in the same sector in 2024. What does this mean?
Rank: 752 of 1,468 · Sjøfart
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 20 and solidity 95 out of 100 among small companies in the same sector in 2024. Methodology
Against the sector
ISLAND OCEAN AS is 1 points below the median for small companies in the same sector in 2024.
Median score 50 among 1,070 companies.
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 0 MNOK | 5 MNOK |
| Operating margin | – | 7.1% |
| Profit margin | – | 6.4% |
| Return on assets | −6.5% | 2.9% |
| Equity ratio | 100.0% | 50.8% |
| Debt-to-equity | 0.00 | 0.49 |
| Current ratio | – | 1.66 |
| Revenue growth | – | 6.2% |
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 49, ISLAND OCEAN AS does better than 48% of small companies in the same sector (1,071 companies) in 2024.
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 – and an equity ratio of 100.0% in 2024, and ranks 752 of 1,468 in Sjøfart.
No large changes in the key figures from 2023 to 2024.
This text is generated automatically from the 2024 accounts.
Three simple methods
One method gives a figure: 0 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| 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
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin – (median 6.4%).
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 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 | 20 | weight 30% |
|---|---|---|
| Solidity | 95 | weight 25% |
| Liquidity | – | no data, left out |
| Growth | – | no data, left out |
| Consistency | 31 | weight 15% |
Durability: 49 (average over 2 years)
Index version 2. Data completeness 70%: the share of the weights that had data.
Questions and answers
How profitable is ISLAND OCEAN AS?
The operating margin was – in 2024, against a median of 7.1% among small companies in the same sector. Return on assets was −6.5%. The company made a loss before tax.
How solid is ISLAND OCEAN AS?
The equity ratio was 100.0% in 2024 (median 50.8%). Debt-to-equity was 0.00 (median 0.49).
How does ISLAND OCEAN AS compare in Sjøfart?
ISLAND OCEAN AS ranks 752 of 1,468 in Sjøfart for 2024. Among companies of the same size (small companies) it ranks 555 of 1,071.
Group accounts
The company is registered as part of a group, but we have no group accounts for it. Group accounts are filed by the parent company, and open data does not say which company that is.
Read the figures with care: a company in a group can look strong because of group contributions, or weak because dividends go up to the parent. The figures are indications, not the full picture.
We do not show the group structure, because open data does not say who owns whom.
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 6 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 | 49 | 35 | |
| Rank | 665 | 752 | 1,226 | |
| 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 6082819.
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