POLAR CRUISING SPITSBERGEN 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 2022
19of 100
How to read this: the company is ahead of 13 % of small companies in the same sector in 2022. What does this mean?
Rank: 22 of 26 · Sjøfart
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2022, not a verdict on the company. Based on profitability 4 and solidity 0 out of 100 among small companies in the same sector in 2022. Methodology
Against the sector
POLAR CRUISING SPITSBERGEN AS is 34 points below the median for small companies in the same sector in 2022.
Median score 53 among 24 companies.
Against small companies in the same sector in 2022: operating margin −357.0% (median 21.2%) and equity ratio −1,533.2% (median 32.8%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 0 MNOK | 4 MNOK |
| Operating margin | −357.0% | 21.2% |
| Profit margin | −357.0% | 18.9% |
| Return on assets | −1,327.0% | 1.1% |
| Equity ratio | −1,533.2% | 32.8% |
| Debt-to-equity | – | 1.19 |
| Current ratio | 1.11 | 0.83 |
| Revenue growth | – | – |
The median and “ahead of” refer to small companies in the same sector in 2022. The bar shows the share of companies the figure is ahead of.
With an index of 19, POLAR CRUISING SPITSBERGEN AS does better than 13% of small companies in the same sector (24 companies) in 2022.
Score 2021–2022
- POLAR CRUISING SPITSBERGEN AS
- Median: small companies in the same sector
POLAR CRUISING SPITSBERGEN AS has a score of 19 for 2022, rank 22 of 26 in the sector.
Strongest: Liquidity: percentile 64 against peers, current ratio 1.11 against a median of 0.83.
Weakest: Solidity: percentile 0 against peers, equity ratio −1,533.2% against a median of 32.8%. Profitability: percentile 4 against peers, operating margin −357.0% against a median of 21.2%.
Worth a closer look
- Equity is negative. How will it be rebuilt, and what do lenders and the auditor say about going concern? Based on: equity ratio −1,533.2% (median 32.8%).
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin −357.0% (median 18.9%).
- The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors? Based on: operating margin −357.0% (median 21.2%).
- What lies behind weak solidity, 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
POLAR CRUISING SPITSBERGEN AS had an operating margin of −357.0% and an equity ratio of −1,533.2% in 2022, and ranks 22 of 26 in Sjøfart.
From 2021 to 2022: the equity ratio fell from −75.9% to −1,533.2%.
This text is generated automatically from the 2022 accounts.
Three simple methods
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | not meaningful |
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
Equity is negative. How will it be rebuilt, and what do lenders and the auditor say about going concern?
Based on: Equity ratio −1,533.2% (median 32.8%).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −357.0% (median 18.9%).
- watch
The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors?
Based on: Operating margin −357.0% (median 21.2%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Data quality
- watch Extreme margin: check the figures
- critical Negative equity
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 | 4 | weight 30% |
|---|---|---|
| Solidity | 0 | weight 25% |
| Liquidity | 64 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 36 | weight 15% |
Durability: 27 (average over 2 years)
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is POLAR CRUISING SPITSBERGEN AS?
The operating margin was −357.0% in 2022, against a median of 21.2% among small companies in the same sector. Return on assets was −1,327.0%. The company made a loss before tax.
How solid is POLAR CRUISING SPITSBERGEN AS?
The equity ratio was −1,533.2% in 2022 (median 32.8%). Equity is negative, so liabilities exceed assets.
What is the liquidity of POLAR CRUISING SPITSBERGEN AS like?
The current ratio was 1.11 in 2022 (median 0.83).
How does POLAR CRUISING SPITSBERGEN AS compare in Sjøfart?
POLAR CRUISING SPITSBERGEN AS ranks 22 of 26 in Sjøfart for 2022. Among companies of the same size (small companies) it ranks 21 of 24.
From the Central Coordinating Register
- Org. no.
- 927615363
- Legal form
- AS
- Sector
- Sjøfart (50.109)
- Size tier
- small
- Employees
- 0–4 (not registered)
- Founded
- 27 July 2021 5 years in operation
- Share capital
- 0.03 MNOK
- Business address
- Vei 301 55, 9170 LONGYEARBYEN (SVALBARD)
- Audit
- Audit opted out from 30 August 2021
- Latest accounts filed
- 2022
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
- Wegar Jakobsen
- Deputy member
- Steve Jakobsen
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 · 2021–2022
| Key figure | 2021 | 2022 | Trend |
|---|---|---|---|
| Index | 35 | 19 | |
| Rank | 1 | 22 | |
| Operating margin | – | −357.0% | |
| Return on assets | −90.4% | −1,327.0% | |
| Equity ratio | −75.9% | −1,533.2% | |
| Current ratio | 3.41 | 1.11 | |
| Revenue growth | – | – |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2021 | 2022 |
|---|---|---|
| Operating revenue | 0.0 MNOK | 0.2 MNOK |
| Operating profit | −0.2 MNOK | −0.8 MNOK |
| Profit before tax | −0.2 MNOK | −0.8 MNOK |
| Net profit | −0.2 MNOK | −0.8 MNOK |
| Financial expenses | – | 0.0 MNOK |
| Total assets | 0.2 MNOK | 0.1 MNOK |
| Current assets | 0.1 MNOK | 0.0 MNOK |
| Equity | −0.1 MNOK | −0.9 MNOK |
| Retained earnings | −0.2 MNOK | −1.0 MNOK |
| Total liabilities | 0.3 MNOK | 1.0 MNOK |
| Current liabilities | 0.0 MNOK | 0.0 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 27 October 2026, accounts id 4114409.
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