POLAR BARGE AS
Score · fiscal year 2025
55of 100
How to read this: the company is ahead of 62 % of small companies in the same sector in 2025. What does this mean?
Rank: 598 of 1,589 · Sjøfart
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 83 and solidity 0 out of 100 among small companies in the same sector in 2025. Methodology
Against the sector
POLAR BARGE AS is 5 points above the median for small companies in the same sector in 2025.
Median score 50 among 1,146 companies.
Against small companies in the same sector in 2025: operating margin 31.3% (median 8.5%) and equity ratio −75.9% (median 50.7%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 3 MNOK | 5 MNOK |
| Operating margin | 31.3% | 8.5% |
| Profit margin | 23.6% | 9.2% |
| Return on assets | 31.9% | 3.1% |
| Equity ratio | −75.9% | 50.7% |
| Debt-to-equity | – | 0.68 |
| Current ratio | 5.41 | 1.74 |
| Revenue growth | 158.3% | 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 55, POLAR BARGE AS does better than 62% of small companies in the same sector (1,152 companies) in 2025.
Score 2023–2025
- POLAR BARGE AS
- Median: small companies in the same sector
POLAR BARGE AS has a score of 55 for 2025, rank 598 of 1,589 in the sector.
Strongest: Growth: percentile 93 against peers, revenue growth 158.3% against a median of 0.4%. Profitability: percentile 83 against peers, operating margin 31.3% against a median of 8.5%.
Weakest: Solidity: percentile 0 against peers, equity ratio −75.9% against a median of 50.7%. Consistency: percentile 34 against peers.
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 −75.9% (median 50.7%).
- What lies behind weak solidity, and will it last?
- 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
POLAR BARGE AS had an operating margin of 31.3% and an equity ratio of −75.9% in 2025, and ranks 598 of 1,589 in Sjøfart.
From 2024 to 2025: the operating margin rose from −74.5% to 31.3% and revenue grew by 158%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 5 MNOK and 8 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 8 MNOK |
| EV/EBIT | 8.0 | 5 MNOK |
| 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 −75.9% (median 50.7%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Data quality
- 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 | 83 | weight 30% |
|---|---|---|
| Solidity | 0 | weight 25% |
| Liquidity | 74 | weight 15% |
| Growth | 93 | weight 15% |
| Consistency | 34 | weight 15% |
Durability: 32 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is POLAR BARGE AS?
The operating margin was 31.3% in 2025, against a median of 8.5% among small companies in the same sector. Return on assets was 31.9%.
How solid is POLAR BARGE AS?
The equity ratio was −75.9% in 2025 (median 50.7%). Equity is negative, so liabilities exceed assets.
What is the liquidity of POLAR BARGE AS like?
The current ratio was 5.41 in 2025 (median 1.74).
How does POLAR BARGE AS compare in Sjøfart?
POLAR BARGE AS ranks 598 of 1,589 in Sjøfart for 2025. Among companies of the same size (small companies) it ranks 438 of 1,152. Revenue changed by 158.3% from the year before.
Public contracts
- Contracts awarded since 2024
- 0
- Total awarded value since 2024
- value not stated
| Date | Buyer | Notice | Value |
|---|---|---|---|
| 12 October 2022 | Forsvaret v/Forsvarets logistikkorganisasjon | Leie av lekter for transport av V22 Osprey | value not stated |
Based on notices in Doffin. Does not show call-offs under framework agreements or purchases below the publication threshold. Values are as stated by the buyer.
Source: Doffin (DFØ), fetched 27 October 2026. Winners are matched on organisation number.
Contains data under the Norwegian licence for public data (NLOD 2.0) made available by Doffin/the Norwegian Agency for Public and Financial Management (DFØ). NLOD 2.0
From the Central Coordinating Register
- Org. no.
- 927659123
- Legal form
- AS
- Sector
- Sjøfart (50.202)
- Size tier
- small
- Employees
- 0–4 (not registered)
- Founded
- 6 August 2021 5 years in operation
- Share capital
- 0.03 MNOK
- Business address
- Strandgata 3, 1724 SARPSBORG
- Municipality
- Sarpsborg rank 10 of 10 in KOSTRA group 11
- Audit
- Audit opted out from 25 November 2024
- 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
- John Arvid Skår
- Board member
- Simen Andre Workinn
- Accountant
- ALL-REGNSKAPSERVICE 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 | 13 | 29 | 55 | |
| Rank | 1,252 | 1,215 | 598 | |
| Operating margin | −1,637.3% | −74.5% | 31.3% | |
| Return on assets | −208.0% | −42.0% | 31.9% | |
| Equity ratio | −104.2% | −143.1% | −75.9% | |
| Current ratio | 2.73 | 3.24 | 5.41 | |
| Revenue growth | – | 407.0% | 158.3% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 0.3 MNOK | 1.3 MNOK | 3.3 MNOK |
| Operating profit | −4.1 MNOK | −0.9 MNOK | 1.0 MNOK |
| Profit before tax | −4.4 MNOK | −1.2 MNOK | 0.8 MNOK |
| Net profit | −4.3 MNOK | −1.2 MNOK | 0.8 MNOK |
| Financial expenses | 0.3 MNOK | 0.2 MNOK | 0.3 MNOK |
| Total assets | 2.0 MNOK | 2.3 MNOK | 3.2 MNOK |
| Current assets | 1.2 MNOK | 1.6 MNOK | 2.7 MNOK |
| Equity | −2.1 MNOK | −3.2 MNOK | −2.5 MNOK |
| Retained earnings | −2.1 MNOK | −3.3 MNOK | −2.5 MNOK |
| Total liabilities | 4.0 MNOK | 5.5 MNOK | 5.7 MNOK |
| Current liabilities | 0.4 MNOK | 0.5 MNOK | 0.5 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 27 October 2026, accounts id 6410999.
Further
Similar companies
- FORRA ULTRAMAX AS index 55, rank 595 · compare
- DET BERGENSKE DAMPSKIBSSELSKAB AS index 55, rank 596 · compare
- CHARTER I NORD AS index 55, rank 597 · compare
- LEKTERKOMPANIET AS index 55, rank 599 · compare
- FJORDKONGEN AS index 55, rank 600 · compare