REACH SUBSEA SHIPPING AS
Score · fiscal year 2024
71of 100
How to read this: the company is ahead of 90 % of medium-sized companies in the same sector in 2024. What does this mean?
Rank: 56 of 586 · Olje og gass
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 80 and solidity 52 out of 100 among medium-sized companies in the same sector in 2024. Methodology
Against the sector
REACH SUBSEA SHIPPING AS is 25 points above the median for medium-sized companies in the same sector in 2024.
Median score 46 among 167 companies.
Against medium-sized companies in the same sector in 2024: operating margin 11.2% (median 6.2%) and equity ratio 43.1% (median 36.8%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 637 MNOK | 262 MNOK |
| Operating margin | 11.2% | 6.2% |
| Profit margin | 11.1% | 8.3% |
| Return on assets | 44.7% | 9.2% |
| Equity ratio | 43.1% | 36.8% |
| Debt-to-equity | 1.32 | 1.32 |
| Current ratio | 1.68 | 1.27 |
| Revenue growth | – | 14.0% |
The median and “ahead of” refer to medium-sized companies in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
With an index of 71, REACH SUBSEA SHIPPING AS does better than 90% of medium-sized companies in the same sector (167 companies) in 2024.
Score 2024–2025
- REACH SUBSEA SHIPPING AS
- Median: medium-sized companies in the same sector
What the numbers say
REACH SUBSEA SHIPPING AS had an operating margin of 11.2% and an equity ratio of 43.1% in 2024, and ranks 56 of 586 in Olje og gass.
This text is generated automatically from the 2024 accounts.
Three simple methods
The methods give between 71 MNOK and 706 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 706 MNOK |
| EV/EBIT | 8.0 | 584 MNOK |
| P/B | 1.0 | 71 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
No rules were triggered for this year.
Indications based on the latest annual accounts from open data. Not investment or financial advice.
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 1.5%. Based on the 5 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 80 | weight 30% |
|---|---|---|
| Solidity | 52 | weight 25% |
| Liquidity | 69 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 87 | weight 15% |
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is REACH SUBSEA SHIPPING AS?
The operating margin was 11.2% in 2024, against a median of 6.2% among medium-sized companies in the same sector. Return on assets was 44.7%.
How solid is REACH SUBSEA SHIPPING AS?
The equity ratio was 43.1% in 2024 (median 36.8%). Debt-to-equity was 1.32 (median 1.32).
What is the liquidity of REACH SUBSEA SHIPPING AS like?
The current ratio was 1.68 in 2024 (median 1.27).
How does REACH SUBSEA SHIPPING AS compare in Olje og gass?
REACH SUBSEA SHIPPING AS ranks 56 of 586 in Olje og gass for 2024. Among companies of the same size (medium-sized companies) it ranks 17 of 167.
From the Central Coordinating Register
- Org. no.
- 933023001
- Legal form
- AS
- Sector
- Olje og gass (09.109)
- Size tier
- medium
- Employees
- 0–4 (not registered)
- Founded
- 17 January 2024 2 years in operation
- Share capital
- 0.03 MNOK
- Business address
- Møllervegen 6, 5525 HAUGESUND
- Municipality
- Haugesund rank 1–6 of 13 in KOSTRA group 10
- 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
- Jostein Alendal
- Board member
- Arne Joa
- Auditor
- PRICEWATERHOUSECOOPERS 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 26 October 2026.
Year by year · 2024–2025
| Key figure | 2024 | 2025 | Trend |
|---|---|---|---|
| Index | 71 | 69 | |
| Rank | 56 | 76 | |
| Operating margin | 11.2% | 14.0% | |
| Return on assets | 44.7% | 27.6% | |
| Equity ratio | 43.1% | 35.0% | |
| Current ratio | 1.68 | 2.85 | |
| Revenue growth | – | 62.9% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2024 | 2025 |
|---|---|---|
| Operating revenue | 636.8 MNOK | 1,037.6 MNOK |
| Operating profit | 71.2 MNOK | 144.7 MNOK |
| Profit before tax | 70.6 MNOK | 141.8 MNOK |
| Net profit | 70.6 MNOK | 141.8 MNOK |
| Financial expenses | 2.7 MNOK | 25.6 MNOK |
| Total assets | 164.0 MNOK | 607.6 MNOK |
| Current assets | 156.5 MNOK | 492.2 MNOK |
| Equity | 70.7 MNOK | 212.5 MNOK |
| Retained earnings | 70.6 MNOK | 212.4 MNOK |
| Total liabilities | 93.4 MNOK | 395.1 MNOK |
| Current liabilities | 93.4 MNOK | 172.8 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 6070303.
Further
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