NORSPAN LNG AS
Score · fiscal year 2025
30of 100
How to read this: the company is ahead of 10 % of medium-sized companies in the same sector in 2025. What does this mean?
Rank: 872 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 3 and solidity 22 out of 100 among medium-sized companies in the same sector in 2025. Methodology
Against the sector
NORSPAN LNG AS is 19 points below the median for medium-sized companies in the same sector in 2025.
Median score 49 among 273 companies.
Against medium-sized companies in the same sector in 2025: operating margin −22.5% (median 23.0%) and equity ratio 14.0% (median 36.2%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 130 MNOK | 204 MNOK |
| Operating margin | −22.5% | 23.0% |
| Profit margin | −51.5% | 13.6% |
| Return on assets | −2.3% | 10.1% |
| Equity ratio | 14.0% | 36.2% |
| Debt-to-equity | 6.12 | 1.69 |
| Current ratio | 4.12 | 1.34 |
| Revenue growth | 14.2% | 2.4% |
The median and “ahead of” refer to medium-sized companies in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 30, NORSPAN LNG AS does better than 10% of medium-sized companies in the same sector (273 companies) in 2025.
Score 2023–2025
- NORSPAN LNG AS
- Median: medium-sized companies in the same sector
NORSPAN LNG AS has a score of 30 for 2025, rank 872 of 1,016 in the sector.
Strongest: Liquidity: percentile 85 against peers, current ratio 4.12 against a median of 1.34. Growth: percentile 67 against peers, revenue growth 14.2% against a median of 2.4%.
Weakest: Profitability: percentile 3 against peers, operating margin −22.5% against a median of 23.0%. Consistency: percentile 8 against peers.
Worth a closer look
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin −51.5% (median 13.6%).
- The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors? Based on: operating margin −22.5% (median 23.0%).
- What lies behind weak profitability, and will it last?
- What lies behind weak consistency, 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
NORSPAN LNG AS had an operating margin of −22.5% and an equity ratio of 14.0% in 2025, and ranks 872 of 1,016 in Sjøfart.
From 2024 to 2025: the equity ratio fell from 29.3% to 14.0% and the operating margin fell from −17.0% to −22.5%.
This text is generated automatically from the 2025 accounts.
Three simple methods
One method gives a figure: 157 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 157 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 company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −51.5% (median 13.6%).
- 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 −22.5% (median 23.0%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 4.2% 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 | 3 | weight 30% |
|---|---|---|
| Solidity | 22 | weight 25% |
| Liquidity | 85 | weight 15% |
| Growth | 67 | weight 15% |
| Consistency | 8 | weight 15% |
Durability: 30 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is NORSPAN LNG AS?
The operating margin was −22.5% in 2025, against a median of 23.0% among medium-sized companies in the same sector. Return on assets was −2.3%. The company made a loss before tax.
How solid is NORSPAN LNG AS?
The equity ratio was 14.0% in 2025 (median 36.2%). Debt-to-equity was 6.12 (median 1.69).
What is the liquidity of NORSPAN LNG AS like?
The current ratio was 4.12 in 2025 (median 1.34).
How does NORSPAN LNG AS compare in Sjøfart?
NORSPAN LNG AS ranks 872 of 1,016 in Sjøfart for 2025. Among companies of the same size (medium-sized companies) it ranks 246 of 273. Revenue changed by 14.2% from the year before.
From the Central Coordinating Register
- Org. no.
- 981146131
- Legal form
- AS
- Sector
- Sjøfart (50.201)
- Size tier
- medium
- Employees
- 0–4 (not registered)
- Founded
- 8 October 1999 27 years in operation
- Share capital
- 10.00 MNOK
- Business address
- Smedasundet 40, 5529 HAUGESUND
- Municipality
- Haugesund rank 1–6 of 13 in KOSTRA group 10
- Latest accounts filed
- 2025
- Website
- www.knutsenoas.com
- LEI
- 5967007LIEEXZX98DK33 renews 18 December 2026
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
- Trygve Seglem
- Board member
- Synnøve Seglem
- Board member
- Geir Tore Henriksen
- Auditor
- ERNST & YOUNG 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 | 43 | 17 | 30 | |
| Rank | 553 | 924 | 872 | |
| Operating margin | 29.8% | −17.0% | −22.5% | |
| Return on assets | 10.8% | −1.2% | −2.3% | |
| Equity ratio | 27.2% | 29.3% | 14.0% | |
| Current ratio | 2.22 | 0.78 | 4.12 | |
| Revenue growth | – | −51.7% | 14.2% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 234.9 MNOK | 113.5 MNOK | 129.6 MNOK |
| Operating profit | 70.0 MNOK | −19.2 MNOK | −29.1 MNOK |
| Profit before tax | −90.3 MNOK | −72.0 MNOK | −66.7 MNOK |
| Net profit | −90.3 MNOK | 20.0 MNOK | −63.8 MNOK |
| Financial expenses | 170.4 MNOK | 63.3 MNOK | 40.4 MNOK |
| Total assets | 739.7 MNOK | 754.0 MNOK | 1,120.8 MNOK |
| Current assets | 143.0 MNOK | 79.2 MNOK | 156.8 MNOK |
| Equity | 201.2 MNOK | 221.2 MNOK | 157.4 MNOK |
| Retained earnings | −41.7 MNOK | −21.7 MNOK | −85.4 MNOK |
| Total liabilities | 538.5 MNOK | 532.8 MNOK | 963.4 MNOK |
| Current liabilities | 64.5 MNOK | 101.6 MNOK | 38.0 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 28 October 2026, accounts id 7165325.
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