VSS BEN AS
Score · fiscal year 2025
32of 100
How to read this: the company is ahead of 21 % of small companies in the same sector in 2025. What does this mean?
Rank: 1,635 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 24 and solidity 54 out of 100 among small companies in the same sector in 2025. Methodology
Against the sector
VSS BEN AS is 18 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 −14.7% (median 8.4%) and equity ratio 61.1% (median 51.2%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 36 MNOK | 5 MNOK |
| Operating margin | −14.7% | 8.4% |
| Profit margin | −16.4% | 9.2% |
| Return on assets | −1.5% | 3.4% |
| Equity ratio | 61.1% | 51.2% |
| Debt-to-equity | 0.64 | 0.67 |
| Current ratio | 0.18 | 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 32, VSS BEN AS does better than 21% of small companies in the same sector (1,475 companies) in 2025.
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.
VSS BEN AS has a score of 32 for 2025, rank 1,635 of 2,035 in the sector.
Strongest: Solidity: percentile 54 against peers, equity ratio 61.1% against a median of 51.2%.
Weakest: Liquidity: percentile 13 against peers, current ratio 0.18 against a median of 1.77. Profitability: percentile 24 against peers, operating margin −14.7% against a median of 8.4%.
Worth a closer look
- Consider strengthening liquidity: current liabilities are 5.6 times current assets. Based on: current ratio 0.18 (median 1.77).
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin −16.4% (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 −14.7% (median 8.4%).
- 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
VSS BEN AS had an operating margin of −14.7% and an equity ratio of 61.1% in 2025, and ranks 1,635 of 2,035 in Sjøfart.
This text is generated automatically from the 2025 accounts.
Three simple methods
One method gives a figure: 21 MUSD.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 21 MUSD |
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
Consider strengthening liquidity: current liabilities are 5.6 times current assets.
Based on: Current ratio 0.18 (median 1.77).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −16.4% (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 −14.7% (median 8.4%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 0.5% 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 Reports in a currency other than NOK
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 | 24 | weight 30% |
|---|---|---|
| Solidity | 54 | weight 25% |
| Liquidity | 13 | weight 15% |
| Growth | – | no data, left out |
| Consistency | – | no data, left out |
Index version 2. Data completeness 70%: the share of the weights that had data.
Questions and answers
How profitable is VSS BEN AS?
The operating margin was −14.7% in 2025, against a median of 8.4% among small companies in the same sector. Return on assets was −1.5%. The company made a loss before tax.
How solid is VSS BEN AS?
The equity ratio was 61.1% in 2025 (median 51.2%). Debt-to-equity was 0.64 (median 0.67).
What is the liquidity of VSS BEN AS like?
The current ratio was 0.18 in 2025 (median 1.77). Current assets did not cover current liabilities.
How does VSS BEN AS compare in Sjøfart?
VSS BEN AS ranks 1,635 of 2,035 in Sjøfart for 2025. Among companies of the same size (small companies) it ranks 1,164 of 1,475.
From the Central Coordinating Register
- Org. no.
- 936164358
- Legal form
- AS
- Sector
- Sjøfart (50.203)
- Size tier
- small
- Employees
- 0–4 (not registered)
- Founded
- 29 August 2025 1 years in operation
- Share capital
- 0.03 MNOK
- Business address
- Kirkegata 1, 4610 KRISTIANSAND S
- Municipality
- Kristiansand rank 2–6 of 11 in KOSTRA group 12
- 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
- Ulrik Dale Mannhart
- Board member
- Bengt Jonas Enander
- Auditor
- ERNST & YOUNG 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 28 October 2026.
Year by year
Trends appear once there is more than one fiscal year.
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (USD). Revenue in NOK is converted from USD at the mean rate for the accounting period 1 January 2025–31 December 2025: 10.3912 (norges_bank). Balance-sheet amounts use the rate on the balance-sheet date. Ratios and growth are computed in USD. Exchange rates at Norges Bank
| Key figure | 2025 |
|---|---|
| Operating revenue | 3.5 MUSD |
| Operating profit | −0.5 MUSD |
| Profit before tax | −0.6 MUSD |
| Net profit | −0.6 MUSD |
| Financial expenses | 0.1 MUSD |
| Total assets | 34.3 MUSD |
| Current assets | 2.4 MUSD |
| Equity | 20.9 MUSD |
| Retained earnings | – |
| Total liabilities | 13.4 MUSD |
| Current liabilities | 13.4 MUSD |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 28 October 2026, accounts id 7026318.
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