VSS AHTS HOLDINGS AS
Score · fiscal year 2025
54of 100
How to read this: the company is ahead of 63 % of medium-sized companies in the same sector in 2025. What does this mean?
Rank: 810 of 2,035 · Sjøfart
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 92 and solidity 29 out of 100 among medium-sized companies in the same sector in 2025. Methodology
Against the sector
VSS AHTS HOLDINGS AS is 6 points above the median for medium-sized companies in the same sector in 2025.
Median score 48 among 456 companies.
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating margin | – | 22.9% |
| Profit margin | – | 13.4% |
| Return on assets | 33.9% | 7.6% |
| Equity ratio | 28.7% | 50.4% |
| Debt-to-equity | 2.49 | 0.85 |
| Current ratio | 0.62 | 1.33 |
| Revenue growth | – | 2.4% |
The median and “ahead of” refer to medium-sized companies in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 54, VSS AHTS HOLDINGS AS does better than 63% of medium-sized companies in the same sector (456 companies) in 2025.
Score 2023–2025
- VSS AHTS HOLDINGS AS
- Median: medium-sized companies in the same sector
VSS AHTS HOLDINGS AS has a score of 54 for 2025, rank 810 of 2,035 in the sector.
Strongest: Profitability: percentile 92 against peers.
Weakest: Liquidity: percentile 20 against peers, current ratio 0.62 against a median of 1.33. Solidity: percentile 29 against peers, equity ratio 28.7% against a median of 50.4%.
Worth a closer look
- Consider strengthening liquidity: current liabilities are 1.6 times current assets. Based on: current ratio 0.62 (median 1.33).
- 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
VSS AHTS HOLDINGS AS had an operating margin of – and an equity ratio of 28.7% in 2025, and ranks 810 of 2,035 in Sjøfart.
From 2024 to 2025: went from a loss to a profit before tax and the equity ratio rose from 6.5% to 28.7%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 9 MUSD and 86 MUSD.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 86 MUSD |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 9 MUSD |
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
Consider strengthening liquidity: current liabilities are 1.6 times current assets.
Based on: Current ratio 0.62 (median 1.33).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 9.0% of the debt in 2025. The policy rate averaged 4.30 % the same year. This is a plain description of what the debt cost, not a model of interest sensitivity.
Data quality
- watch Revenue not reported
- watch No revenue but large assets
- watch Reports in a currency other than NOK
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 | 92 | weight 30% |
|---|---|---|
| Solidity | 29 | weight 25% |
| Liquidity | 20 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 56 | weight 15% |
Durability: 33 (average over 3 years)
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is VSS AHTS HOLDINGS AS?
The operating margin was – in 2025, against a median of 22.9% among medium-sized companies in the same sector. Return on assets was 33.9%.
How solid is VSS AHTS HOLDINGS AS?
The equity ratio was 28.7% in 2025 (median 50.4%). Debt-to-equity was 2.49 (median 0.85).
What is the liquidity of VSS AHTS HOLDINGS AS like?
The current ratio was 0.62 in 2025 (median 1.33). Current assets did not cover current liabilities.
How does VSS AHTS HOLDINGS AS compare in Sjøfart?
VSS AHTS HOLDINGS AS ranks 810 of 2,035 in Sjøfart for 2025. Among companies of the same size (medium-sized companies) it ranks 170 of 456.
From the Central Coordinating Register
- Org. no.
- 930687235
- Legal form
- AS
- Sector
- Sjøfart (50.201)
- Size tier
- medium
- Employees
- 0–4 (not registered)
- Founded
- 1 January 2023 3 years in operation
- Share capital
- 0.03 MNOK
- Business address
- Kirkegata 1, 4610 KRISTIANSAND S
- Municipality
- Kristiansand rank 2–6 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
- Chair of the board
- Ulrik Dale Mannhart
- Board member
- Bengt Jonas Enander
- Auditor
- ERNST & YOUNG 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 | 32 | 14 | 54 | |
| Rank | 1,402 | 1,813 | 810 | |
| Operating margin | – | – | – | |
| Return on assets | 4.8% | 1.5% | 33.9% | |
| Equity ratio | 11.9% | 6.5% | 28.7% | |
| Current ratio | 0.19 | 0.11 | 0.62 | |
| Revenue growth | – | – | – |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (USD).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | – | – | – |
| Operating profit | 0.0 MUSD | 0.0 MUSD | 0.0 MUSD |
| Profit before tax | 0.0 MUSD | −0.6 MUSD | 8.8 MUSD |
| Net profit | 0.0 MUSD | −0.6 MUSD | 8.6 MUSD |
| Financial expenses | 0.0 MUSD | 0.9 MUSD | 2.1 MUSD |
| Total assets | 0.0 MUSD | 19.9 MUSD | 32.1 MUSD |
| Current assets | 0.0 MUSD | 2.0 MUSD | 14.2 MUSD |
| Equity | 0.0 MUSD | 1.3 MUSD | 9.2 MUSD |
| Retained earnings | 0.0 MUSD | – | 7.9 MUSD |
| Total liabilities | 0.0 MUSD | 18.6 MUSD | 22.9 MUSD |
| Current liabilities | 0.0 MUSD | 18.6 MUSD | 22.9 MUSD |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 27 October 2026, accounts id 7032656.
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