WESTCHART AS
Score · fiscal year 2024
30of 100
How to read this: the company is ahead of 14 % of small companies in the same sector in 2024. What does this mean?
Rank: 820 of 958 · Sjøfart
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 27 and solidity 16 out of 100 among small companies in the same sector in 2024. Methodology
Against the sector
WESTCHART AS is 20 points below the median for small companies in the same sector in 2024.
Median score 50 among 654 companies.
Against small companies in the same sector in 2024: operating margin −5.9% (median 8.3%) and equity ratio 11.3% (median 44.5%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 18 MNOK | 17 MNOK |
| Operating margin | −5.9% | 8.3% |
| Profit margin | 5.4% | 7.0% |
| Return on assets | 3.7% | 8.7% |
| Equity ratio | 11.3% | 44.5% |
| Debt-to-equity | 7.84 | 1.09 |
| Current ratio | 1.41 | 1.76 |
| Revenue growth | −7.2% | 8.0% |
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 30, WESTCHART AS does better than 14% of small companies in the same sector (654 companies) in 2024.
Score 2023–2025
- WESTCHART AS
- Median: small companies in the same sector
What the numbers say
WESTCHART AS had an operating margin of −5.9% and an equity ratio of 11.3% in 2024, and ranks 820 of 958 in Sjøfart.
From 2023 to 2024: the operating margin fell from 0.0% to −5.9%.
This text is generated automatically from the 2024 accounts.
Three simple methods
The methods give between 3 MNOK and 6 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 6 MNOK |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 3 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 operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors?
Based on: Operating margin −5.9% (median 8.3%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 0.2% of the debt in 2024. The policy rate averaged 4.50 % 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 2022, the sector's weakest year, for this company.
The sector's weakest year was 2022, with a median operating margin of 5.1%. 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 | 27 | weight 30% |
|---|---|---|
| Solidity | 16 | weight 25% |
| Liquidity | 42 | weight 15% |
| Growth | 27 | weight 15% |
| Consistency | 53 | weight 15% |
Durability: 30 (average over 2 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is WESTCHART AS?
The operating margin was −5.9% in 2024, against a median of 8.3% among small companies in the same sector. Return on assets was 3.7%.
How solid is WESTCHART AS?
The equity ratio was 11.3% in 2024 (median 44.5%). Debt-to-equity was 7.84 (median 1.09).
What is the liquidity of WESTCHART AS like?
The current ratio was 1.41 in 2024 (median 1.76).
How does WESTCHART AS compare in Sjøfart?
WESTCHART AS ranks 820 of 958 in Sjøfart for 2024. Among companies of the same size (small companies) it ranks 564 of 654. Revenue changed by −7.2% from the year before.
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.
- 930198544
- Legal form
- AS · part of a group
- Sector
- Sjøfart (50.201)
- Size tier
- small
- Employees
- 0–4 (not registered)
- Founded
- 5 May 1945 81 years in operation
- Share capital
- 2.15 MNOK
- Business address
- Sandviksbodene 1E, 5035 BERGEN
- Municipality
- Bergen rank 8 of 11 in KOSTRA group 12
- 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
- Rolf Westfal-Larsen
- Chair of the board
- Rolf Westfal-Larsen
- Board member
- Bernt Jacob Schwings Pettersen
- Board member
- Johan Gustav Hvide
- Board member
- Bernt Ulrich August Muller
- Deputy member
- Rolf Westfal-Larsen
- Auditor
- PRICEWATERHOUSECOOPERS 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 | 29 | 30 | 43 | |
| Rank | 735 | 820 | 674 | |
| Operating margin | 0.0% | −5.9% | 6.0% | |
| Return on assets | 2.6% | 3.7% | 8.4% | |
| Equity ratio | 13.9% | 11.3% | 24.7% | |
| Current ratio | 1.97 | 1.41 | 1.77 | |
| Revenue growth | – | −7.2% | −4.0% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 19.1 MNOK | 17.7 MNOK | 17.0 MNOK |
| Operating profit | 0.0 MNOK | −1.0 MNOK | 1.0 MNOK |
| Profit before tax | 0.6 MNOK | 1.0 MNOK | 0.5 MNOK |
| Net profit | 0.4 MNOK | 0.6 MNOK | −0.6 MNOK |
| Financial expenses | 0.0 MNOK | 0.1 MNOK | 1.5 MNOK |
| Total assets | 22.0 MNOK | 27.2 MNOK | 23.4 MNOK |
| Current assets | 20.0 MNOK | 20.7 MNOK | 23.4 MNOK |
| Equity | 3.0 MNOK | 3.1 MNOK | 5.8 MNOK |
| Retained earnings | – | – | −0.6 MNOK |
| Total liabilities | 18.9 MNOK | 24.1 MNOK | 17.6 MNOK |
| Current liabilities | 10.1 MNOK | 14.7 MNOK | 13.2 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 27 October 2026, accounts id 6133561.
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