SJØVARG AS
Score · fiscal year 2023
49of 100
How to read this: the company is ahead of 50 % of small companies in the same sector in 2023. What does this mean?
Rank: 451 of 888 · Sjøfart
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2023, not a verdict on the company. Based on profitability 55 and solidity 43 out of 100 among small companies in the same sector in 2023. Methodology
Against the sector
SJØVARG AS is at the median for small companies in the same sector in 2023.
Median score 49 among 623 companies.
Against small companies in the same sector in 2023: operating margin 6.8% (median 12.3%) and equity ratio 39.8% (median 44.2%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 27 MNOK | 16 MNOK |
| Operating margin | 6.8% | 12.3% |
| Profit margin | 5.1% | 8.4% |
| Return on assets | 15.0% | 9.0% |
| Equity ratio | 39.8% | 44.2% |
| Debt-to-equity | 1.51 | 1.04 |
| Current ratio | 1.11 | 1.86 |
| Revenue growth | – | 18.4% |
| Revenue per employee | 1.50 MNOK | 1.12 MNOK |
The median and “ahead of” refer to small companies in the same sector in 2023. The bar shows the share of companies the figure is ahead of.
With an index of 49, SJØVARG AS does better than 50% of small companies in the same sector (623 companies) in 2023.
Score 2023–2025
- SJØVARG AS
- Median: small companies in the same sector
What the numbers say
SJØVARG AS had an operating margin of 6.8% and an equity ratio of 39.8% in 2023, and ranks 451 of 888 in Sjøfart.
This text is generated automatically from the 2023 accounts.
Three simple methods
The methods give between 5 MNOK and 14 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 14 MNOK |
| EV/EBIT | 8.0 | 12 MNOK |
| P/B | 1.0 | 5 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
No rules were triggered for this year.
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 6.5% of the debt in 2023. The policy rate averaged 3.54 % 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 | 55 | weight 30% |
|---|---|---|
| Solidity | 43 | weight 25% |
| Liquidity | 31 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 68 | weight 15% |
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is SJØVARG AS?
The operating margin was 6.8% in 2023, against a median of 12.3% among small companies in the same sector. Return on assets was 15.0%.
How solid is SJØVARG AS?
The equity ratio was 39.8% in 2023 (median 44.2%). Debt-to-equity was 1.51 (median 1.04).
What is the liquidity of SJØVARG AS like?
The current ratio was 1.11 in 2023 (median 1.86).
How does SJØVARG AS compare in Sjøfart?
SJØVARG AS ranks 451 of 888 in Sjøfart for 2023. Among companies of the same size (small companies) it ranks 312 of 623.
From the Central Coordinating Register
- Org. no.
- 974228246
- Legal form
- AS
- Sector
- Sjøfart (50.202)
- Size tier
- small
- Employees
- 18 registered 10 October 2026
- Founded
- 7 February 1995 31 years in operation
- Share capital
- 0.59 MNOK
- Business address
- c/o Børge Knapstad, Stølan 81, 7270 DYRVIK (FRØYA)
- Municipality
- Frøya rank 1–8 of 9 in KOSTRA group 3
- Latest accounts filed
- 2025
- Website
- www.sjovarg.no
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
- Børge Sigmund Knapstad
- Chair of the board
- Edmund Arne Trøan
- Board member
- Børge Sigmund Knapstad
- Board member
- Ole Ivar Ødegård Lien
- Auditor
- BDO AS
- Accountant
- ASPIA NORGE 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 | 49 | 61 | 55 | |
| Rank | 451 | 253 | 377 | |
| Operating margin | 6.8% | 11.4% | 8.5% | |
| Return on assets | 15.0% | 26.9% | 17.2% | |
| Equity ratio | 39.8% | 50.8% | 51.0% | |
| Current ratio | 1.11 | 1.38 | 0.96 | |
| Revenue growth | – | 11.8% | 2.5% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 27.0 MNOK | 30.2 MNOK | 31.0 MNOK |
| Operating profit | 1.8 MNOK | 3.5 MNOK | 2.6 MNOK |
| Profit before tax | 1.4 MNOK | 3.1 MNOK | 2.6 MNOK |
| Net profit | 1.4 MNOK | 2.6 MNOK | 2.0 MNOK |
| Financial expenses | 0.5 MNOK | 0.4 MNOK | 0.1 MNOK |
| Total assets | 12.5 MNOK | 12.9 MNOK | 15.6 MNOK |
| Current assets | 4.5 MNOK | 6.3 MNOK | 7.2 MNOK |
| Equity | 5.0 MNOK | 6.6 MNOK | 7.9 MNOK |
| Retained earnings | 4.4 MNOK | 6.0 MNOK | 7.4 MNOK |
| Total liabilities | 7.5 MNOK | 6.4 MNOK | 7.6 MNOK |
| Current liabilities | 4.1 MNOK | 4.6 MNOK | 7.5 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 28 October 2026, accounts id 5006045.
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