SEISTAR HOLDING AS
Score · fiscal year 2025
41of 100
How to read this: the company is ahead of 30 % of small companies in the same sector in 2025. What does this mean?
Rank: 709 of 1,014 · Sjøfart
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 31 and solidity 18 out of 100 among small companies in the same sector in 2025. Methodology
Against the sector
SEISTAR HOLDING AS is 9 points below the median for small companies in the same sector in 2025.
Median score 50 among 704 companies.
Against small companies in the same sector in 2025: operating margin −1.7% (median 11.2%) and equity ratio 12.8% (median 44.3%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 18 MNOK | 21 MNOK |
| Operating margin | −1.7% | 11.2% |
| Profit margin | 14.7% | 9.1% |
| Return on assets | 4.4% | 7.6% |
| Equity ratio | 12.8% | 44.3% |
| Debt-to-equity | 6.81 | 1.05 |
| Current ratio | 1.94 | 1.67 |
| Revenue growth | 18.8% | 2.9% |
| Revenue per employee | 2.00 MNOK | 1.43 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 41, SEISTAR HOLDING AS does better than 30% of small companies in the same sector (704 companies) in 2025.
Score 2023–2025
- SEISTAR HOLDING AS
- Median: small companies in the same sector
SEISTAR HOLDING AS has a score of 41 for 2025, rank 709 of 1,014 in the sector.
Strongest: Growth: percentile 73 against peers, revenue growth 18.8% against a median of 2.9%.
Weakest: Solidity: percentile 18 against peers, equity ratio 12.8% against a median of 44.3%. Profitability: percentile 31 against peers, operating margin −1.7% against a median of 11.2%.
Worth a closer look
- What lies behind weak solidity, and will it last?
- What lies behind weak profitability, 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
SEISTAR HOLDING AS had an operating margin of −1.7% and an equity ratio of 12.8% in 2025, and ranks 709 of 1,014 in Sjøfart.
From 2024 to 2025: the operating margin rose from −6.8% to −1.7% and revenue grew by 19%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 31 MNOK and 174 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 31 MNOK |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 174 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 4.9% 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 | 31 | weight 30% |
|---|---|---|
| Solidity | 18 | weight 25% |
| Liquidity | 55 | weight 15% |
| Growth | 73 | weight 15% |
| Consistency | 55 | weight 15% |
Durability: 39 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is SEISTAR HOLDING AS?
The operating margin was −1.7% in 2025, against a median of 11.2% among small companies in the same sector. Return on assets was 4.4%.
How solid is SEISTAR HOLDING AS?
The equity ratio was 12.8% in 2025 (median 44.3%). Debt-to-equity was 6.81 (median 1.05).
What is the liquidity of SEISTAR HOLDING AS like?
The current ratio was 1.94 in 2025 (median 1.67).
How does SEISTAR HOLDING AS compare in Sjøfart?
SEISTAR HOLDING AS ranks 709 of 1,014 in Sjøfart for 2025. Among companies of the same size (small companies) it ranks 492 of 704. Revenue changed by 18.8% from the year before.
Group accounts · 2025
55 of 100
Rank 496 of 1270 groups with group accounts. Groups are ranked only against each other, not against single companies.
- Operating revenue, group
- 471 MNOK
- Operating profit, group
- 93 MNOK
- Profit before tax, group
- 45 MNOK
- Total assets, group
- 1,645 MNOK
- Equity, group
- 541 MNOK
| Key figure | The group | The company alone (2025) |
|---|---|---|
| Operating margin | 19.7% | −1.7% |
| Return on assets | 7.2% | 4.4% |
| Equity ratio | 32.9% | 12.8% |
| Current ratio | 1.37 | 1.94 |
| Revenue growth | 46.6% | 18.8% |
Group index in earlier years: 2023: 77 (189 of 1644), 2024: 49 (695 of 1312).
Same formulas and weights as the company index. Group and company are never added together, and the group accounts are not part of sector averages or company rankings.
Source: Brønnøysund Register Centre, group accounts 2025 (open data, NLOD 2.0).
We do not show the group structure, because open data does not say who owns whom.
From the Central Coordinating Register
- Org. no.
- 981409450
- Legal form
- AS
- Sector
- Sjøfart (50.202)
- Size tier
- small
- Employees
- 9 registered 10 April 2026
- Founded
- 25 December 1999 26 years in operation
- Share capital
- 6.21 MNOK
- Business address
- Austevollshellevegen 67, 5384 TORANGSVÅG (AUSTEVOLL)
- Municipality
- Austevoll rank 1 of 18 in KOSTRA group 2
- Latest accounts filed
- 2025
- Website
- www.seistar.no
- LEI
- 254900OP05UEJPEMX182 renews 22 October 2027
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
- Sigbjørn Stangeland
- Chair of the board
- Helge Singelstad
- Board member
- Sjur Svenningsson Malm
- Board member
- Tore Bakke
- Board member
- Hans Bakke
- Auditor
- PRICEWATERHOUSECOOPERS AS
Source: Central Coordinating Register, fetched 29 October 2026. Only names are shown.
- Parent company
- No parent company: owned by persons
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 29 October 2026. The parent is the one the company itself reported to GLEIF.
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 | 38 | 38 | 41 | |
| Rank | 616 | 690 | 709 | |
| Operating margin | −2.6% | −6.8% | −1.7% | |
| Return on assets | 4.8% | 5.7% | 4.4% | |
| Equity ratio | 27.9% | 13.1% | 12.8% | |
| Current ratio | 2.33 | 3.52 | 1.94 | |
| Revenue growth | – | 8.3% | 18.8% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 14.0 MNOK | 15.1 MNOK | 18.0 MNOK |
| Operating profit | −0.4 MNOK | −1.0 MNOK | −0.3 MNOK |
| Profit before tax | 6.1 MNOK | 37.3 MNOK | 2.6 MNOK |
| Net profit | 4.8 MNOK | 39.5 MNOK | 3.1 MNOK |
| Financial expenses | 20.1 MNOK | 42.1 MNOK | 57.8 MNOK |
| Total assets | 543.9 MNOK | 1,386.0 MNOK | 1,363.3 MNOK |
| Current assets | 130.4 MNOK | 472.8 MNOK | 366.4 MNOK |
| Equity | 151.9 MNOK | 181.3 MNOK | 174.5 MNOK |
| Retained earnings | 67.6 MNOK | 97.0 MNOK | 90.2 MNOK |
| Total liabilities | 392.1 MNOK | 1,204.7 MNOK | 1,188.9 MNOK |
| Current liabilities | 56.0 MNOK | 134.4 MNOK | 188.5 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 28 October 2026, accounts id 7086589.
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