R-SHIPS AS
Score · fiscal year 2025
23of 100
How to read this: the company is ahead of 12 % of small companies in the same sector in 2025. What does this mean?
Rank: 1,822 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 28 and solidity 17 out of 100 among small companies in the same sector in 2025. Methodology
Against the sector
R-SHIPS AS is 27 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 margin | – | 8.4% |
| Profit margin | – | 9.2% |
| Return on assets | −0.7% | 3.4% |
| Equity ratio | 9.7% | 51.2% |
| Debt-to-equity | 9.31 | 0.67 |
| Current ratio | 0.01 | 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 23, R-SHIPS AS does better than 12% of small companies in the same sector (1,475 companies) in 2025.
Score 2023–2025
- R-SHIPS AS
- Median: small companies in the same sector
R-SHIPS AS has a score of 23 for 2025, rank 1,822 of 2,035 in the sector.
Strongest: Consistency: percentile 40 against peers.
Weakest: Liquidity: percentile 4 against peers, current ratio 0.01 against a median of 1.77. Solidity: percentile 17 against peers, equity ratio 9.7% against a median of 51.2%.
Worth a closer look
- Consider strengthening liquidity: current liabilities are 79.8 times current assets. Based on: current ratio 0.01 (median 1.77).
- The equity ratio is very low. Could the company absorb a bad year, and does it need more equity? Based on: equity ratio 9.7% (median 51.2%).
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin – (median 9.2%).
- What lies behind weak solidity, 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
R-SHIPS AS had an operating margin of – and an equity ratio of 9.7% in 2025, and ranks 1,822 of 2,035 in Sjøfart.
From 2024 to 2025: the equity ratio rose from −23.8% to 9.7%.
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
- critical
Consider strengthening liquidity: current liabilities are 79.8 times current assets.
Based on: Current ratio 0.01 (median 1.77).
- watch
The equity ratio is very low. Could the company absorb a bad year, and does it need more equity?
Based on: Equity ratio 9.7% (median 51.2%).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin – (median 9.2%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 2.7% 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 Revenue not reported
- watch No revenue but large assets
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 | 28 | weight 30% |
|---|---|---|
| Solidity | 17 | weight 25% |
| Liquidity | 4 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 40 | weight 15% |
Durability: 17 (average over 3 years)
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is R-SHIPS AS?
The operating margin was – in 2025, against a median of 8.4% among small companies in the same sector. Return on assets was −0.7%. The company made a loss before tax.
How solid is R-SHIPS AS?
The equity ratio was 9.7% in 2025 (median 51.2%). Debt-to-equity was 9.31 (median 0.67).
What is the liquidity of R-SHIPS AS like?
The current ratio was 0.01 in 2025 (median 1.77). Current assets did not cover current liabilities.
How does R-SHIPS AS compare in Sjøfart?
R-SHIPS AS ranks 1,822 of 2,035 in Sjøfart for 2025. Among companies of the same size (small companies) it ranks 1,293 of 1,475.
Group accounts
The company is registered as part of a group, but we have no group accounts for it. Group accounts are filed by the parent company, and open data does not say which company that is.
Read the figures with care: a company in a group can look strong because of group contributions, or weak because dividends go up to the parent. The figures are indications, not the full picture.
We do not show the group structure, because open data does not say who owns whom.
From the Central Coordinating Register
- Org. no.
- 944620257
- Legal form
- AS · part of a group
- Sector
- Sjøfart (50.201)
- Size tier
- small
- Employees
- 0–4 (not registered)
- Founded
- 2 October 1987 39 years in operation
- Share capital
- 0.07 MNOK
- Business address
- Hoffsveien 65A, 0377 OSLO
- Municipality
- Oslo rank 106–282 of 357 in Norway
- 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
- Jon Edward Riekeles
- Chair of the board
- Jon Edward Riekeles
- Auditor
- MOORE 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 · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 14 | 15 | 23 | |
| Rank | 1,668 | 1,809 | 1,822 | |
| Operating margin | – | – | – | |
| Return on assets | −0.2% | −0.7% | −0.7% | |
| Equity ratio | −22.8% | −23.8% | 9.7% | |
| Current ratio | 0.17 | 0.03 | 0.01 | |
| Revenue growth | – | – | – |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | – | – | – |
| Operating profit | 0.0 MNOK | −0.1 MNOK | −0.1 MNOK |
| Profit before tax | −3.8 MNOK | −0.4 MNOK | −0.3 MNOK |
| Net profit | −3.8 MNOK | −0.4 MNOK | −0.3 MNOK |
| Financial expenses | 3.8 MNOK | 0.3 MNOK | 0.3 MNOK |
| Total assets | 8.5 MNOK | 9.7 MNOK | 10.7 MNOK |
| Current assets | 0.5 MNOK | 0.1 MNOK | 0.1 MNOK |
| Equity | −1.9 MNOK | −2.3 MNOK | 1.0 MNOK |
| Retained earnings | −65.8 MNOK | −66.2 MNOK | −2.7 MNOK |
| Total liabilities | 10.4 MNOK | 12.1 MNOK | 9.7 MNOK |
| Current liabilities | 3.3 MNOK | 5.0 MNOK | 6.3 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 28 October 2026, accounts id 7221414.
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