OLYMPIC CREWING AS
Score · fiscal year 2024
38of 100
How to read this: the company is ahead of 29 % of medium-sized companies in the same sector in 2024. What does this mean?
Rank: 240 of 324 · Olje og gass
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 47 and solidity 13 out of 100 among medium-sized companies in the same sector in 2024. Methodology
Against the sector
OLYMPIC CREWING AS is 9 points below the median for medium-sized companies in the same sector in 2024.
Median score 47 among 120 companies.
Against medium-sized companies in the same sector in 2024: operating margin 3.2% (median 6.2%) and equity ratio 5.4% (median 31.7%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 430 MNOK | 267 MNOK |
| Operating margin | 3.2% | 6.2% |
| Profit margin | 1.9% | 8.3% |
| Return on assets | 15.3% | 12.7% |
| Equity ratio | 5.4% | 31.7% |
| Debt-to-equity | 17.66 | 1.96 |
| Current ratio | 1.05 | 1.25 |
| Revenue growth | 25.2% | 14.0% |
| Revenue per employee | 1.29 MNOK | 4.05 MNOK |
The median and “ahead of” refer to medium-sized companies in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
With an index of 38, OLYMPIC CREWING AS does better than 29% of medium-sized companies in the same sector (120 companies) in 2024.
Score 2023–2025
- OLYMPIC CREWING AS
- Median: medium-sized companies in the same sector
What the numbers say
OLYMPIC CREWING AS had an operating margin of 3.2% and an equity ratio of 5.4% in 2024, and ranks 240 of 324 in Olje og gass.
From 2023 to 2024: the equity ratio fell from 20.3% to 5.4% and revenue grew by 25%.
This text is generated automatically from the 2024 accounts.
Three simple methods
The methods give between 6 MNOK and 120 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 54 MNOK |
| EV/EBIT | 8.0 | 120 MNOK |
| P/B | 1.0 | 6 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 5.4% (median 31.7%).
- watch
Strong growth with weak liquidity. Is the growth financed, or does it tie up capital the company does not have?
Based on: Revenue growth 25.2% (median 14.0%); Current ratio 1.05 (median 1.25).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 7.9% of the debt in 2024. The policy rate averaged 4.50 % the same year. This is a plain description of what the debt cost, not a model of interest sensitivity.
See interest rates, prices and exchange rates for the sector
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 1.6%. Based on the 5 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 47 | weight 30% |
|---|---|---|
| Solidity | 13 | weight 25% |
| Liquidity | 34 | weight 15% |
| Growth | 68 | weight 15% |
| Consistency | 36 | weight 15% |
Durability: 46 (average over 2 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is OLYMPIC CREWING AS?
The operating margin was 3.2% in 2024, against a median of 6.2% among medium-sized companies in the same sector. Return on assets was 15.3%.
How solid is OLYMPIC CREWING AS?
The equity ratio was 5.4% in 2024 (median 31.7%). Debt-to-equity was 17.66 (median 1.96).
What is the liquidity of OLYMPIC CREWING AS like?
The current ratio was 1.05 in 2024 (median 1.25).
How does OLYMPIC CREWING AS compare in Olje og gass?
OLYMPIC CREWING AS ranks 240 of 324 in Olje og gass for 2024. Among companies of the same size (medium-sized companies) it ranks 85 of 120. Revenue changed by 25.2% 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.
- 987711973
- Legal form
- AS · part of a group
- Sector
- Olje og gass (09.109)
- Size tier
- medium
- Employees
- 334 registered 10 October 2026
- Founded
- 4 January 2005 21 years in operation
- Share capital
- 0.10 MNOK
- Business address
- 6090 FOSNAVÅG (HERØY)
- Municipality
- Herøy (Møre og Romsdal) rank 5–23 of 40 in KOSTRA group 1
- 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
- Stig Rune Remøy
- Chair of the board
- Stig Rune Remøy
- Board member
- Renathe Helene Nesseth
- Auditor
- BDO 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 26 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 55 | 38 | 45 | |
| Rank | 134 | 240 | 195 | |
| Operating margin | 3.2% | 3.2% | 2.3% | |
| Return on assets | 39.2% | 15.3% | 27.9% | |
| Equity ratio | 20.3% | 5.4% | 7.6% | |
| Current ratio | 1.13 | 1.05 | 1.08 | |
| Revenue growth | – | 25.2% | 14.8% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 343.8 MNOK | 430.3 MNOK | 494.0 MNOK |
| Operating profit | 11.0 MNOK | 13.7 MNOK | 11.5 MNOK |
| Profit before tax | 5.9 MNOK | 8.4 MNOK | 20.2 MNOK |
| Net profit | 4.6 MNOK | 5.4 MNOK | 15.9 MNOK |
| Financial expenses | 11.9 MNOK | 7.9 MNOK | 2.6 MNOK |
| Total assets | 45.4 MNOK | 106.1 MNOK | 81.9 MNOK |
| Current assets | 40.9 MNOK | 105.9 MNOK | 81.6 MNOK |
| Equity | 9.2 MNOK | 5.7 MNOK | 6.2 MNOK |
| Retained earnings | 9.1 MNOK | 5.6 MNOK | 6.1 MNOK |
| Total liabilities | 36.2 MNOK | 100.4 MNOK | 75.6 MNOK |
| Current liabilities | 36.2 MNOK | 100.4 MNOK | 75.6 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 5926773.
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