FJORD HARMONY AS
Score · fiscal year 2025
Not enough data: Not enough data (below minimum revenue)
Based on the annual accounts for 2025
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 0 MNOK | 21 MNOK |
| Operating margin | −717.5% | 11.0% |
| Profit margin | −717.5% | 9.1% |
| Return on assets | −1,505.2% | 7.6% |
| Equity ratio | −1,468.8% | 44.4% |
| Debt-to-equity | – | 1.04 |
| Current ratio | 0.03 | 1.67 |
| Revenue growth | – | 2.9% |
| Revenue per employee | 0.03 MNOK | 1.42 MNOK |
The median and “ahead of” refer to companies in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
Score over time
Score over time needs at least two fiscal years with a score. It will appear when next year's figures are fetched or history is imported.
What the numbers say
FJORD HARMONY AS had an equity ratio of −1,468.8% in 2025. The company is not ranked: not enough data (below minimum revenue).
From 2024 to 2025: the equity ratio fell from 90.7% to −1,468.8%.
This text is generated automatically from the 2025 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 −1,468.8% (median 44.4%).
- critical
Consider strengthening liquidity: current liabilities are 29.1 times current assets.
Based on: Current ratio 0.03 (median 1.67).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −717.5% (median 9.1%).
- 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 −717.5% (median 11.0%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Data quality
- watch Extreme margin: check the figures
- critical Negative equity
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 5.1%. Based on the 7 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
Questions and answers
How profitable is FJORD HARMONY AS?
The operating margin was −717.5% in 2025, against a median of 11.0% among companies in the same sector. Return on assets was −1,505.2%. The company made a loss before tax.
How solid is FJORD HARMONY AS?
The equity ratio was −1,468.8% in 2025 (median 44.4%). Equity is negative, so liabilities exceed assets.
What is the liquidity of FJORD HARMONY AS like?
The current ratio was 0.03 in 2025 (median 1.67). Current assets did not cover current liabilities.
From the Central Coordinating Register
- Org. no.
- 934055802
- Legal form
- AS
- Sector
- Sjøfart (50.109)
- Size tier
- small
- Employees
- 5 registered 10 July 2026
- Founded
- 1 August 2024 2 years in operation
- Share capital
- 0.03 MNOK
- Business address
- Nylandsveien 28, 0150 OSLO
- Municipality
- Oslo rank 63–221 of 357 in Norway
- Audit
- Audit opted out from 11 September 2024
- 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
- Jan-Erik Birger Olstad
- Board member
- Jaime Paz Tapia
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 · 2024–2025
| Key figure | 2024 | 2025 | Trend |
|---|---|---|---|
| Index | – | – | |
| Rank | – | – | |
| Operating margin | – | −717.5% | |
| Return on assets | −2.0% | −1,505.2% | |
| Equity ratio | 90.7% | −1,468.8% | |
| Current ratio | 10.76 | 0.03 | |
| Revenue growth | – | – |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2024 | 2025 |
|---|---|---|
| Operating revenue | – | 0.1 MNOK |
| Operating profit | 0.0 MNOK | −1.0 MNOK |
| Profit before tax | 0.0 MNOK | −1.0 MNOK |
| Net profit | 0.0 MNOK | −1.0 MNOK |
| Financial expenses | – | – |
| Total assets | 0.0 MNOK | 0.1 MNOK |
| Current assets | 0.0 MNOK | 0.0 MNOK |
| Equity | 0.0 MNOK | −1.0 MNOK |
| Retained earnings | 0.0 MNOK | −1.0 MNOK |
| Total liabilities | 0.0 MNOK | 1.0 MNOK |
| Current liabilities | 0.0 MNOK | 1.0 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 27 October 2026, accounts id 7119975.