FONNSHIP AS
Score · fiscal year 2025
21of 100
How to read this: the company is ahead of 6 % of small companies in the same sector in 2025. What does this mean?
Rank: 963 of 1,016 · Sjøfart
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 17 and solidity 14 out of 100 among small companies in the same sector in 2025. Methodology
Against the sector
FONNSHIP AS is 29 points below the median for small companies in the same sector in 2025.
Median score 50 among 705 companies.
Against small companies in the same sector in 2025: operating margin −11.6% (median 11.0%) and equity ratio 8.3% (median 44.4%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 19 MNOK | 21 MNOK |
| Operating margin | −11.6% | 11.0% |
| Profit margin | −6.6% | 9.1% |
| Return on assets | −0.4% | 7.6% |
| Equity ratio | 8.3% | 44.4% |
| Debt-to-equity | 11.07 | 1.04 |
| Current ratio | 0.98 | 1.67 |
| Revenue growth | −5.9% | 2.9% |
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 21, FONNSHIP AS does better than 6% of small companies in the same sector (705 companies) in 2025.
Score 2023–2025
- FONNSHIP AS
- Median: small companies in the same sector
FONNSHIP AS has a score of 21 for 2025, rank 963 of 1,016 in the sector.
Strongest: Liquidity: percentile 30 against peers, current ratio 0.98 against a median of 1.67.
Weakest: Solidity: percentile 14 against peers, equity ratio 8.3% against a median of 44.4%. Profitability: percentile 17 against peers, operating margin −11.6% against a median of 11.0%.
Worth a closer look
- The equity ratio is very low. Could the company absorb a bad year, and does it need more equity? Based on: equity ratio 8.3% (median 44.4%).
- Consider strengthening liquidity: current liabilities are 1.0 times current assets. Based on: current ratio 0.98 (median 1.67).
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin −6.6% (median 9.1%).
- 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
FONNSHIP AS had an operating margin of −11.6% and an equity ratio of 8.3% in 2025, and ranks 963 of 1,016 in Sjøfart.
From 2024 to 2025: the equity ratio fell from 93.1% to 8.3% and the operating margin fell from 20.7% to −11.6%.
This text is generated automatically from the 2025 accounts.
Three simple methods
One method gives a figure: 4 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 4 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
- watch
The equity ratio is very low. Could the company absorb a bad year, and does it need more equity?
Based on: Equity ratio 8.3% (median 44.4%).
- watch
Consider strengthening liquidity: current liabilities are 1.0 times current assets.
Based on: Current ratio 0.98 (median 1.67).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −6.6% (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 −11.6% (median 11.0%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 2.3% 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
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 5.1%. 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 | 17 | weight 30% |
|---|---|---|
| Solidity | 14 | weight 25% |
| Liquidity | 30 | weight 15% |
| Growth | 28 | weight 15% |
| Consistency | 25 | weight 15% |
Durability: 59 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is FONNSHIP AS?
The operating margin was −11.6% in 2025, against a median of 11.0% among small companies in the same sector. Return on assets was −0.4%. The company made a loss before tax.
How solid is FONNSHIP AS?
The equity ratio was 8.3% in 2025 (median 44.4%). Debt-to-equity was 11.07 (median 1.04).
What is the liquidity of FONNSHIP AS like?
The current ratio was 0.98 in 2025 (median 1.67). Current assets did not cover current liabilities.
How does FONNSHIP AS compare in Sjøfart?
FONNSHIP AS ranks 963 of 1,016 in Sjøfart for 2025. Among companies of the same size (small companies) it ranks 661 of 705. Revenue changed by −5.9% from the year before.
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.
- 945075929
- Legal form
- AS · part of a group
- Sector
- Sjøfart (50.201)
- Size tier
- small
- Employees
- 0–4 (not registered)
- Founded
- 9 November 1987 38 years in operation
- Share capital
- 0.10 MNOK
- Business address
- 5953 FONNES (AUSTRHEIM)
- Municipality
- Austrheim rank 7–26 of 39 in KOSTRA group 4
- 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
- Frode Gullaksen
- Chair of the board
- Frode Gullaksen
- Auditor
- SOLSTRAND ØKONOMI AS
- Accountant
- HEADWIND ØKONOMI AS
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 28 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 88 | 68 | 21 | |
| Rank | 27 | 149 | 963 | |
| Operating margin | 33.3% | 20.7% | −11.6% | |
| Return on assets | 18.5% | 9.5% | −0.4% | |
| Equity ratio | 97.9% | 93.1% | 8.3% | |
| Current ratio | 41.69 | 12.63 | 0.98 | |
| Revenue growth | – | −8.7% | −5.9% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 22.2 MNOK | 20.3 MNOK | 19.1 MNOK |
| Operating profit | 7.4 MNOK | 4.2 MNOK | −2.2 MNOK |
| Profit before tax | 8.5 MNOK | 5.1 MNOK | −1.3 MNOK |
| Net profit | 8.3 MNOK | 5.0 MNOK | −1.5 MNOK |
| Financial expenses | 0.1 MNOK | 0.0 MNOK | 1.1 MNOK |
| Total assets | 46.8 MNOK | 54.5 MNOK | 51.6 MNOK |
| Current assets | 37.7 MNOK | 47.2 MNOK | 46.2 MNOK |
| Equity | 45.8 MNOK | 50.8 MNOK | 4.3 MNOK |
| Retained earnings | 42.1 MNOK | 47.0 MNOK | 0.6 MNOK |
| Total liabilities | 1.0 MNOK | 3.7 MNOK | 47.3 MNOK |
| Current liabilities | 0.9 MNOK | 3.7 MNOK | 47.3 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 28 October 2026, accounts id 6468393.
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