VSS ANDREAS AS
Score · fiscal year 2023
6of 100
How to read this: the company is ahead of 1 % of medium-sized companies in the same sector in 2023. What does this mean?
Rank: 1,737 of 1,788 · Sjøfart
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2023, not a verdict on the company. Based on profitability 6 and solidity 0 out of 100 among medium-sized companies in the same sector in 2023. Methodology
Against the sector
VSS ANDREAS AS is 43 points below the median for medium-sized companies in the same sector in 2023.
Median score 49 among 360 companies.
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating margin | – | 29.8% |
| Profit margin | – | 16.5% |
| Return on assets | −2.2% | 8.4% |
| Equity ratio | −4.1% | 44.8% |
| Debt-to-equity | – | 1.00 |
| Current ratio | 0.13 | 1.57 |
| Revenue growth | – | 45.6% |
The median and “ahead of” refer to medium-sized companies in the same sector in 2023. The bar shows the share of companies the figure is ahead of.
With an index of 6, VSS ANDREAS AS does better than 1% of medium-sized companies in the same sector (360 companies) in 2023.
Score 2023–2025
- VSS ANDREAS AS
- Median: medium-sized companies in the same sector
What the numbers say
VSS ANDREAS AS had an operating margin of – and an equity ratio of −4.1% in 2023, and ranks 1,737 of 1,788 in Sjøfart.
This text is generated automatically from the 2023 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 −4.1% (median 44.8%).
- critical
Consider strengthening liquidity: current liabilities are 7.9 times current assets.
Based on: Current ratio 0.13 (median 1.57).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin – (median 16.5%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 1.7% of the debt in 2023. The policy rate averaged 3.54 % 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
- critical Negative equity
- 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 | 6 | weight 30% |
|---|---|---|
| Solidity | 0 | weight 25% |
| Liquidity | 9 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 16 | weight 15% |
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is VSS ANDREAS AS?
The operating margin was – in 2023, against a median of 29.8% among medium-sized companies in the same sector. Return on assets was −2.2%. The company made a loss before tax.
How solid is VSS ANDREAS AS?
The equity ratio was −4.1% in 2023 (median 44.8%). Equity is negative, so liabilities exceed assets.
What is the liquidity of VSS ANDREAS AS like?
The current ratio was 0.13 in 2023 (median 1.57). Current assets did not cover current liabilities.
How does VSS ANDREAS AS compare in Sjøfart?
VSS ANDREAS AS ranks 1,737 of 1,788 in Sjøfart for 2023. Among companies of the same size (medium-sized companies) it ranks 356 of 360.
From the Central Coordinating Register
- Org. no.
- 930687324
- Legal form
- AS
- Sector
- Sjøfart (50.203)
- Size tier
- medium
- Employees
- 0–4 (not registered)
- Founded
- 1 January 2023 3 years in operation
- Share capital
- 0.90 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 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 | 6 | 56 | 62 | |
| Rank | 1,737 | 700 | 477 | |
| Operating margin | – | 71.4% | 52.6% | |
| Return on assets | −2.2% | 22.0% | 29.6% | |
| Equity ratio | −4.1% | 20.4% | 17.2% | |
| Current ratio | 0.13 | 1.36 | 1.54 | |
| Revenue growth | – | – | 92.2% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (USD).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | – | 13.1 MUSD | 25.3 MUSD |
| Operating profit | −1.0 MUSD | 9.4 MUSD | 13.3 MUSD |
| Profit before tax | −1.6 MUSD | 6.8 MUSD | 11.1 MUSD |
| Net profit | −1.6 MUSD | 6.8 MUSD | 8.7 MUSD |
| Financial expenses | 0.7 MUSD | 3.3 MUSD | 2.8 MUSD |
| Total assets | 40.1 MUSD | 45.8 MUSD | 47.0 MUSD |
| Current assets | 1.1 MUSD | 8.0 MUSD | 10.0 MUSD |
| Equity | −1.6 MUSD | 9.4 MUSD | 8.1 MUSD |
| Retained earnings | −1.6 MUSD | – | – |
| Total liabilities | 41.7 MUSD | 36.4 MUSD | 38.9 MUSD |
| Current liabilities | 8.6 MUSD | 5.9 MUSD | 6.5 MUSD |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 27 October 2026, accounts id 4924849.
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