FLYBÅTEN AS
Score · fiscal year 2024
32of 100
How to read this: the company is ahead of 20 % of small companies in the same sector in 2024. What does this mean?
Rank: 1,542 of 1,920 · Sjøfart
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 46 and solidity 0 out of 100 among small companies in the same sector in 2024. Methodology
Against the sector
FLYBÅTEN AS is 18 points below the median for small companies in the same sector in 2024.
Median score 50 among 1,398 companies.
Against small companies in the same sector in 2024: operating margin 2.9% (median 7.2%) and equity ratio −57.1% (median 51.4%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 4 MNOK | 5 MNOK |
| Operating margin | 2.9% | 7.2% |
| Profit margin | 2.8% | 7.6% |
| Return on assets | 3.8% | 3.9% |
| Equity ratio | −57.1% | 51.4% |
| Debt-to-equity | – | 0.50 |
| Current ratio | 1.70 | 1.75 |
| Revenue growth | −10.9% | 5.4% |
| Revenue per employee | 0.46 MNOK | 1.24 MNOK |
The median and “ahead of” refer to small companies in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
With an index of 32, FLYBÅTEN AS does better than 20% of small companies in the same sector (1,399 companies) in 2024.
Score 2023–2025
- FLYBÅTEN AS
- Median: small companies in the same sector
What the numbers say
FLYBÅTEN AS had an operating margin of 2.9% and an equity ratio of −57.1% in 2024, and ranks 1,542 of 1,920 in Sjøfart.
From 2023 to 2024: went from a loss to a profit before tax and the equity ratio rose from −84.0% to −57.1%.
This text is generated automatically from the 2024 accounts.
Three simple methods
One method gives a figure: 1 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 1 MNOK |
| EV/EBIT | 8.0 | debt above value |
| P/B | 1.0 | not meaningful |
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
- critical
Equity is negative. How will it be rebuilt, and what do lenders and the auditor say about going concern?
Based on: Equity ratio −57.1% (median 51.4%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 0.1% 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.
Data quality
- critical Negative equity
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 | 46 | weight 30% |
|---|---|---|
| Solidity | 0 | weight 25% |
| Liquidity | 50 | weight 15% |
| Growth | 29 | weight 15% |
| Consistency | 46 | weight 15% |
Durability: 26 (average over 2 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is FLYBÅTEN AS?
The operating margin was 2.9% in 2024, against a median of 7.2% among small companies in the same sector. Return on assets was 3.8%.
How solid is FLYBÅTEN AS?
The equity ratio was −57.1% in 2024 (median 51.4%). Equity is negative, so liabilities exceed assets.
What is the liquidity of FLYBÅTEN AS like?
The current ratio was 1.70 in 2024 (median 1.75).
How does FLYBÅTEN AS compare in Sjøfart?
FLYBÅTEN AS ranks 1,542 of 1,920 in Sjøfart for 2024. Among companies of the same size (small companies) it ranks 1,118 of 1,399. Revenue changed by −10.9% from the year before.
From the Central Coordinating Register
- Org. no.
- 987761180
- Legal form
- AS
- Sector
- Sjøfart (50.102)
- Size tier
- small
- Employees
- 9 registered 10 September 2026
- Founded
- 9 January 2005 21 years in operation
- Share capital
- 0.38 MNOK
- Business address
- Moloveien 4, 1628 ENGELSVIKEN (FREDRIKSTAD)
- Municipality
- Fredrikstad rank 11 of 11 in KOSTRA group 12
- Audit
- Audit opted out from 13 December 2016
- Latest accounts filed
- 2025
- Website
- www.flybaten.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
- Arne Osmundsvaag
- Chair of the board
- Øystein Selen
- Board member
- Gunnar Osmundsvaag
- Board member
- Anvor Margrete Osmundsvaag
- Board member
- Arne Osmundsvaag
- Accountant
- ØKONOMITJENESTEN.NO 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 29 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 20 | 32 | 40 | |
| Rank | 1,594 | 1,542 | 1,413 | |
| Operating margin | −0.9% | 2.9% | 1.5% | |
| Return on assets | −1.7% | 3.8% | 2.6% | |
| Equity ratio | −84.0% | −57.1% | −59.3% | |
| Current ratio | 2.07 | 1.70 | 2.05 | |
| Revenue growth | – | −10.9% | 15.4% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 4.7 MNOK | 4.2 MNOK | 4.8 MNOK |
| Operating profit | 0.0 MNOK | 0.1 MNOK | 0.1 MNOK |
| Profit before tax | 0.0 MNOK | 0.1 MNOK | 0.1 MNOK |
| Net profit | 0.0 MNOK | 0.1 MNOK | 0.1 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Total assets | 2.4 MNOK | 3.3 MNOK | 3.0 MNOK |
| Current assets | 0.9 MNOK | 1.0 MNOK | 0.8 MNOK |
| Equity | −2.0 MNOK | −1.9 MNOK | −1.8 MNOK |
| Retained earnings | −22.5 MNOK | −22.4 MNOK | −22.3 MNOK |
| Total liabilities | 4.3 MNOK | 5.1 MNOK | 4.8 MNOK |
| Current liabilities | 0.4 MNOK | 0.6 MNOK | 0.4 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 29 October 2026, accounts id 5602307.
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