H2-NORWAY AS
Score · fiscal year 2025
19of 100
How to read this: the company is ahead of 9 % of small companies in the same sector in 2025. What does this mean?
Rank: 1,873 of 2,035 · Sjøfart
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 34 and solidity 0 out of 100 among small companies in the same sector in 2025. Methodology
Against the sector
H2-NORWAY AS is 31 points below the median for small companies in the same sector in 2025.
Median score 50 among 1,468 companies.
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 0 MNOK | 5 MNOK |
| Operating margin | – | 8.4% |
| Profit margin | – | 9.2% |
| Return on assets | 0.0% | 3.4% |
| Equity ratio | −6,294.7% | 51.2% |
| Debt-to-equity | – | 0.67 |
| Current ratio | – | 1.77 |
| Revenue growth | – | 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 19, H2-NORWAY AS does better than 9% of small companies in the same sector (1,475 companies) in 2025.
Score 2023–2025
- H2-NORWAY AS
- Median: small companies in the same sector
H2-NORWAY AS has a score of 19 for 2025, rank 1,873 of 2,035 in the sector.
Strongest: Profitability: percentile 34 against peers.
Weakest: Solidity: percentile 0 against peers, equity ratio −6,294.7% against a median of 51.2%. Consistency: percentile 21 against peers.
Worth a closer look
- Equity is negative. How will it be rebuilt, and what do lenders and the auditor say about going concern? Based on: equity ratio −6,294.7% (median 51.2%).
- What lies behind weak solidity, and will it last?
- What lies behind weak consistency, 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
H2-NORWAY AS had an operating margin of – and an equity ratio of −6,294.7% in 2025, and ranks 1,873 of 2,035 in Sjøfart.
No large changes in the key figures from 2024 to 2025.
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 −6,294.7% (median 51.2%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 0.0% 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
- critical Negative equity
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 | 34 | weight 30% |
|---|---|---|
| Solidity | 0 | weight 25% |
| Liquidity | – | no data, left out |
| Growth | – | no data, left out |
| Consistency | 21 | weight 15% |
Durability: 18 (average over 3 years)
Index version 2. Data completeness 70%: the share of the weights that had data.
Questions and answers
How profitable is H2-NORWAY AS?
The operating margin was – in 2025, against a median of 8.4% among small companies in the same sector. Return on assets was 0.0%.
How solid is H2-NORWAY AS?
The equity ratio was −6,294.7% in 2025 (median 51.2%). Equity is negative, so liabilities exceed assets.
How does H2-NORWAY AS compare in Sjøfart?
H2-NORWAY AS ranks 1,873 of 2,035 in Sjøfart for 2025. Among companies of the same size (small companies) it ranks 1,335 of 1,475.
From the Central Coordinating Register
- Org. no.
- 935798914
- Legal form
- AS
- Sector
- Sjøfart (50.109)
- Size tier
- small
- Employees
- 0–4 (not registered)
- Founded
- 16 June 1984 42 years in operation
- Share capital
- 0.10 MNOK
- Business address
- 3145 TJØME (FÆRDER)
- Municipality
- Færder rank 10–20 of 27 in KOSTRA group 9
- Audit
- Audit opted out from 13 December 2011
- 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
- Carl Wilhelm Hustad
- Chair of the board
- Carl Wilhelm Hustad
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 28 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 15 | 20 | 19 | |
| Rank | 1,658 | 1,752 | 1,873 | |
| Operating margin | – | – | – | |
| Return on assets | 0.0% | 0.0% | 0.0% | |
| Equity ratio | −6,294.7% | −6,294.7% | −6,294.7% | |
| Current ratio | – | – | – | |
| Revenue growth | – | – | – |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Operating profit | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Profit before tax | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Net profit | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Total assets | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Current assets | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Equity | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Retained earnings | −0.1 MNOK | −0.1 MNOK | −0.1 MNOK |
| Total liabilities | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Current liabilities | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 28 October 2026, accounts id 6366829.
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