ESPESETH SJØSERVICE AS
Score · fiscal year 2025
39of 100
How to read this: the company is ahead of 28 % of small companies in the same sector in 2025. What does this mean?
Rank: 1,460 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 6 and solidity 70 out of 100 among small companies in the same sector in 2025. Methodology
Against the sector
ESPESETH SJØSERVICE AS is 11 points below the median for small companies in the same sector in 2025.
Median score 50 among 1,469 companies.
Against small companies in the same sector in 2025: operating margin −199.3% (median 8.4%) and equity ratio 84.8% (median 51.1%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 1 MNOK | 5 MNOK |
| Operating margin | −199.3% | 8.4% |
| Profit margin | −201.0% | 9.2% |
| Return on assets | −75.4% | 3.4% |
| Equity ratio | 84.8% | 51.1% |
| Debt-to-equity | 0.18 | 0.67 |
| Current ratio | 3.26 | 1.77 |
| Revenue growth | −87.8% | 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 39, ESPESETH SJØSERVICE AS does better than 28% of small companies in the same sector (1,476 companies) in 2025.
Score 2023–2025
- ESPESETH SJØSERVICE AS
- Median: small companies in the same sector
ESPESETH SJØSERVICE AS has a score of 39 for 2025, rank 1,460 of 2,035 in the sector.
Strongest: Solidity: percentile 70 against peers, equity ratio 84.8% against a median of 51.1%. Liquidity: percentile 64 against peers, current ratio 3.26 against a median of 1.77.
Weakest: Growth: percentile 4 against peers, revenue growth −87.8% against a median of 1.2%. Profitability: percentile 6 against peers, operating margin −199.3% 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 −201.0% (median 9.2%).
- The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors? Based on: operating margin −199.3% (median 8.4%).
- 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
ESPESETH SJØSERVICE AS had an operating margin of −199.3% and an equity ratio of 84.8% in 2025, and ranks 1,460 of 2,035 in Sjøfart.
From 2024 to 2025: the operating margin fell from 58.4% to −199.3% 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: 1 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 1 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 −201.0% (median 9.2%).
- 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 −199.3% (median 8.4%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 4.8% 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 Extreme margin: check 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 | 6 | weight 30% |
|---|---|---|
| Solidity | 70 | weight 25% |
| Liquidity | 64 | weight 15% |
| Growth | 4 | weight 15% |
| Consistency | 60 | weight 15% |
Durability: 60 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is ESPESETH SJØSERVICE AS?
The operating margin was −199.3% in 2025, against a median of 8.4% among small companies in the same sector. Return on assets was −75.4%. The company made a loss before tax.
How solid is ESPESETH SJØSERVICE AS?
The equity ratio was 84.8% in 2025 (median 51.1%). Debt-to-equity was 0.18 (median 0.67).
What is the liquidity of ESPESETH SJØSERVICE AS like?
The current ratio was 3.26 in 2025 (median 1.77).
How does ESPESETH SJØSERVICE AS compare in Sjøfart?
ESPESETH SJØSERVICE AS ranks 1,460 of 2,035 in Sjøfart for 2025. Among companies of the same size (small companies) it ranks 1,056 of 1,476. Revenue changed by −87.8% from the year before.
From the Central Coordinating Register
- Org. no.
- 930725463
- Legal form
- AS
- Sector
- Sjøfart (50.202)
- Size tier
- small
- Employees
- 0–4 (not registered)
- Founded
- 13 January 2023 3 years in operation
- Share capital
- 0.03 MNOK
- Business address
- Steinvegen 4, 6919 TANSØY (KINN)
- Municipality
- Kinn rank 24–37 of 38 in KOSTRA group 7
- Audit
- Audit opted out from 26 January 2023
- 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
- Halvar Espeseth
- Chair of the board
- Halvar Espeseth
- Board member
- Andre Espeseth
- Accountant
- ECIT SERVICES 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 | 62 | 80 | 39 | |
| Rank | 456 | 81 | 1,460 | |
| Operating margin | 24.4% | 58.4% | −199.3% | |
| Return on assets | 54.1% | 84.9% | −75.4% | |
| Equity ratio | 45.3% | 74.0% | 84.8% | |
| Current ratio | 1.58 | 3.42 | 3.26 | |
| Revenue growth | – | 277.1% | −87.8% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 1.4 MNOK | 5.4 MNOK | 0.7 MNOK |
| Operating profit | 0.4 MNOK | 3.2 MNOK | −1.3 MNOK |
| Profit before tax | 0.4 MNOK | 3.2 MNOK | −1.3 MNOK |
| Net profit | 0.3 MNOK | 2.5 MNOK | −1.3 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Total assets | 0.6 MNOK | 3.7 MNOK | 1.8 MNOK |
| Current assets | 0.6 MNOK | 3.2 MNOK | 0.9 MNOK |
| Equity | 0.3 MNOK | 2.8 MNOK | 1.5 MNOK |
| Retained earnings | 0.3 MNOK | 2.7 MNOK | 1.5 MNOK |
| Total liabilities | 0.4 MNOK | 1.0 MNOK | 0.3 MNOK |
| Current liabilities | 0.3 MNOK | 0.9 MNOK | 0.3 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 27 October 2026, accounts id 6645527.
Further
Similar companies
- VIOS 274 AS index 39, rank 1,457 · compare
- SIMON MØKSTER SHIPPING AS index 39, rank 1,458 · compare
- SORDAL OCEAN AS index 39, rank 1,459 · compare
- ALHECO SHIPPING AS index 39, rank 1,461 · compare
- MW & PARTNERS 1 AS index 38, rank 1,463 · compare