NFH FBM 230105 AS
Score · fiscal year 2025
44of 100
How to read this: the company is ahead of 37 % of small companies in the same sector in 2025. What does this mean?
Rank: 1,264 of 2,035 · Sjøfart
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 27 and solidity 75 out of 100 among small companies in the same sector in 2025. Methodology
Against the sector
NFH FBM 230105 AS is 6 points below the median for small companies in the same sector in 2025.
Median score 50 among 1,468 companies.
Against small companies in the same sector in 2025: operating margin −4.9% (median 8.4%) and equity ratio 91.4% (median 51.2%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 66 MNOK | 5 MNOK |
| Operating margin | −4.9% | 8.4% |
| Profit margin | −6.2% | 9.2% |
| Return on assets | −2.0% | 3.4% |
| Equity ratio | 91.4% | 51.2% |
| Debt-to-equity | 0.09 | 0.67 |
| Current ratio | 3.18 | 1.77 |
| Revenue growth | −35.8% | 1.2% |
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 44, NFH FBM 230105 AS does better than 37% of small companies in the same sector (1,475 companies) in 2025.
Score 2023–2025
- NFH FBM 230105 AS
- Median: small companies in the same sector
NFH FBM 230105 AS has a score of 44 for 2025, rank 1,264 of 2,035 in the sector.
Strongest: Solidity: percentile 75 against peers, equity ratio 91.4% against a median of 51.2%. Liquidity: percentile 63 against peers, current ratio 3.18 against a median of 1.77.
Weakest: Growth: percentile 15 against peers, revenue growth −35.8% against a median of 1.2%. Profitability: percentile 27 against peers, operating margin −4.9% against a median of 8.4%.
Worth a closer look
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin −6.2% (median 9.2%).
- What lies behind weak growth, and will it last?
- What lies behind weak profitability, 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
NFH FBM 230105 AS had an operating margin of −4.9% and an equity ratio of 91.4% in 2025, and ranks 1,264 of 2,035 in Sjøfart.
From 2024 to 2025: the operating margin fell from 41.3% to −4.9% and went from a profit to a loss before tax.
This text is generated automatically from the 2025 accounts.
Three simple methods
One method gives a figure: 117 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 117 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 company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −6.2% (median 9.2%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 14.3% 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
No anomalies found in the figures.
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 | 27 | weight 30% |
|---|---|---|
| Solidity | 75 | weight 25% |
| Liquidity | 63 | weight 15% |
| Growth | 15 | weight 15% |
| Consistency | 36 | weight 15% |
Durability: 57 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is NFH FBM 230105 AS?
The operating margin was −4.9% in 2025, against a median of 8.4% among small companies in the same sector. Return on assets was −2.0%. The company made a loss before tax.
How solid is NFH FBM 230105 AS?
The equity ratio was 91.4% in 2025 (median 51.2%). Debt-to-equity was 0.09 (median 0.67).
What is the liquidity of NFH FBM 230105 AS like?
The current ratio was 3.18 in 2025 (median 1.77).
How does NFH FBM 230105 AS compare in Sjøfart?
NFH FBM 230105 AS ranks 1,264 of 2,035 in Sjøfart for 2025. Among companies of the same size (small companies) it ranks 923 of 1,475. Revenue changed by −35.8% 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.
- 930688762
- Legal form
- AS · part of a group
- Sector
- Sjøfart (50.201)
- Size tier
- small
- Employees
- 0–4 (not registered)
- Founded
- 1 January 2023 3 years in operation
- Share capital
- 1.00 MNOK
- Business address
- c/o Fearnley Business Management AS, Dronning Eufemias gate 8, 0191 OSLO
- Municipality
- Oslo rank 106–282 of 357 in Norway
- 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
- Johan Lønnmark Werner
- Board member
- Oddbjørn Lende
- Board member
- Janne Green Heglund
- Board member
- Agnes Marie Blystad Sulejewski
- Board member
- Trond Kyrkjebø
- Auditor
- CEDRA NORGE AS
- Accountant
- FEARNLEY BUSINESS MANAGEMENT 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 | 51 | 77 | 44 | |
| Rank | 816 | 103 | 1,264 | |
| Operating margin | −72.2% | 41.3% | −4.9% | |
| Return on assets | −0.6% | 32.8% | −2.0% | |
| Equity ratio | 98.9% | 95.5% | 91.4% | |
| Current ratio | 7.65 | 4.34 | 3.18 | |
| Revenue growth | – | 7,422.2% | −35.8% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 1.4 MNOK | 103.5 MNOK | 66.5 MNOK |
| Operating profit | −1.0 MNOK | 42.7 MNOK | −3.3 MNOK |
| Profit before tax | −1.3 MNOK | 45.2 MNOK | −4.1 MNOK |
| Net profit | −1.5 MNOK | 44.7 MNOK | −4.4 MNOK |
| Financial expenses | 0.4 MNOK | 0.0 MNOK | 1.6 MNOK |
| Total assets | 141.4 MNOK | 138.0 MNOK | 128.5 MNOK |
| Current assets | 12.4 MNOK | 26.8 MNOK | 35.2 MNOK |
| Equity | 139.8 MNOK | 131.8 MNOK | 117.5 MNOK |
| Retained earnings | −1.5 MNOK | 43.2 MNOK | 38.9 MNOK |
| Total liabilities | 1.6 MNOK | 6.2 MNOK | 11.0 MNOK |
| Current liabilities | 1.6 MNOK | 6.2 MNOK | 11.0 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 27 October 2026, accounts id 7204768.
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