TIDEWATER NORGE AS
Score · fiscal year 2025
36of 100
How to read this: the company is ahead of 25 % of small companies in the same sector in 2025. What does this mean?
Rank: 1,531 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 49 and solidity 22 out of 100 among small companies in the same sector in 2025. Methodology
Against the sector
TIDEWATER NORGE AS is 14 points below the median for small companies in the same sector in 2025.
Median score 50 among 1,469 companies.
Against small companies in the same sector in 2025: operating margin −0.5% (median 8.4%) and equity ratio 16.8% (median 51.1%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 27 MNOK | 5 MNOK |
| Operating margin | −0.5% | 8.4% |
| Profit margin | 217.1% | 9.2% |
| Return on assets | 8.1% | 3.4% |
| Equity ratio | 16.8% | 51.1% |
| Debt-to-equity | 4.97 | 0.67 |
| Current ratio | 0.80 | 1.77 |
| Revenue growth | −1.2% | 1.2% |
| Revenue per employee | 1.18 MNOK | 1.35 MNOK |
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 36, TIDEWATER NORGE AS does better than 25% of small companies in the same sector (1,476 companies) in 2025.
Score 2023–2025
- TIDEWATER NORGE AS
- Median: small companies in the same sector
TIDEWATER NORGE AS has a score of 36 for 2025, rank 1,531 of 2,035 in the sector.
Strongest: Profitability: percentile 49 against peers, operating margin −0.5% against a median of 8.4%.
Weakest: Solidity: percentile 22 against peers, equity ratio 16.8% against a median of 51.1%. Liquidity: percentile 28 against peers, current ratio 0.80 against a median of 1.77.
Worth a closer look
- Consider strengthening liquidity: current liabilities are 1.2 times current assets. Based on: current ratio 0.80 (median 1.77).
- 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
TIDEWATER NORGE AS had an operating margin of −0.5% and an equity ratio of 16.8% in 2025, and ranks 1,531 of 2,035 in Sjøfart.
From 2024 to 2025: the equity ratio rose from 11.6% to 16.8%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 173 MNOK and 591 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 591 MNOK |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 173 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
Consider strengthening liquidity: current liabilities are 1.2 times current assets.
Based on: Current ratio 0.80 (median 1.77).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 2.8% 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 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 | 49 | weight 30% |
|---|---|---|
| Solidity | 22 | weight 25% |
| Liquidity | 28 | weight 15% |
| Growth | 42 | weight 15% |
| Consistency | 37 | weight 15% |
Durability: 31 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is TIDEWATER NORGE AS?
The operating margin was −0.5% in 2025, against a median of 8.4% among small companies in the same sector. Return on assets was 8.1%.
How solid is TIDEWATER NORGE AS?
The equity ratio was 16.8% in 2025 (median 51.1%). Debt-to-equity was 4.97 (median 0.67).
What is the liquidity of TIDEWATER NORGE AS like?
The current ratio was 0.80 in 2025 (median 1.77). Current assets did not cover current liabilities.
How does TIDEWATER NORGE AS compare in Sjøfart?
TIDEWATER NORGE AS ranks 1,531 of 2,035 in Sjøfart for 2025. Among companies of the same size (small companies) it ranks 1,104 of 1,476. Revenue changed by −1.2% 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.
- 979278799
- Legal form
- AS · part of a group
- Sector
- Sjøfart (50.203)
- Size tier
- small
- Employees
- 23 registered 10 October 2026
- Founded
- 26 September 1997 29 years in operation
- Share capital
- 859.36 MNOK
- Business address
- Strandgata 5, 4307 SANDNES
- Municipality
- Sandnes rank 4 of 11 in KOSTRA group 12
- Latest accounts filed
- 2025
- Website
- www.gulfmark.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
- Sverre Kenneth Lande
- Chair of the board
- Quintin Venable Kneen
- Board member
- Sverre Kenneth Lande
- Auditor
- KPMG AS
- Accountant
- SAREC LØNN 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 | 16 | 42 | 36 | |
| Rank | 1,634 | 1,260 | 1,531 | |
| Operating margin | −292.5% | 0.0% | −0.5% | |
| Return on assets | −3.7% | 9.1% | 8.1% | |
| Equity ratio | 9.3% | 11.6% | 16.8% | |
| Current ratio | 0.71 | 0.74 | 0.80 | |
| Revenue growth | – | 55.7% | −1.2% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 17.7 MNOK | 27.6 MNOK | 27.2 MNOK |
| Operating profit | −51.8 MNOK | 0.0 MNOK | −0.1 MNOK |
| Profit before tax | −73.0 MNOK | 24.0 MNOK | 59.1 MNOK |
| Net profit | −73.0 MNOK | 24.0 MNOK | 59.1 MNOK |
| Financial expenses | 37.4 MNOK | 65.4 MNOK | 24.4 MNOK |
| Total assets | 967.0 MNOK | 986.5 MNOK | 1,033.4 MNOK |
| Current assets | 624.4 MNOK | 643.9 MNOK | 690.8 MNOK |
| Equity | 90.1 MNOK | 114.0 MNOK | 173.2 MNOK |
| Retained earnings | −769.3 MNOK | −745.3 MNOK | −686.2 MNOK |
| Total liabilities | 876.9 MNOK | 872.5 MNOK | 860.2 MNOK |
| Current liabilities | 876.9 MNOK | 872.5 MNOK | 860.2 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 28 October 2026, accounts id 7092971.
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