Scandinavian Explorer AS
Score · fiscal year 2025
73of 100
How to read this: the company is ahead of 90 % of companies in the Morning class Medium in the same sector in 2025. What does this mean?
Rank in the Morning class Medium: 380 of 3,712 · What are Morning company classes?
Place in the whole sector: 2,377 of 23,059 · Handel
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 90 and solidity 77 out of 100 among companies in the Morning class Medium in the same sector in 2025. Methodology
Against the sector
Scandinavian Explorer AS is 23 points above the median for companies in the Morning class Medium in the same sector in 2025.
Median score 50 among 3,712 companies.
Against companies in the Morning class Medium in the same sector in 2025: operating margin 13.3% (median 3.0%) and equity ratio 50.5% (median 30.0%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 114 MNOK | 93 MNOK |
| Operating margin | 13.3% | 3.0% |
| Profit margin | 13.1% | 2.8% |
| Return on assets | 29.2% | 11.6% |
| Equity ratio | 50.5% | 30.0% |
| Debt-to-equity | 0.98 | 2.24 |
| Current ratio | 1.85 | 1.39 |
| Revenue growth | 7.3% | 6.1% |
| Revenue per employee | 6.70 MNOK | 5.07 MNOK |
The median and “ahead of” refer to companies in the Morning class Medium in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 73, Scandinavian Explorer AS does better than 90% of companies in the Morning class Medium in the same sector (3,712 companies) in 2025.
Score 2023–2025
- Scandinavian Explorer AS
- Median: companies in the Morning class Medium in the same sector
Scandinavian Explorer AS has a score of 73 for 2025, rank 2,377 of 23,059 in the sector.
Strongest: Profitability: percentile 90 against peers, operating margin 13.3% against a median of 3.0%. Solidity: percentile 77 against peers, equity ratio 50.5% against a median of 30.0%.
No area is clearly below its peers.
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
Scandinavian Explorer AS had an operating margin of 13.3% and an equity ratio of 50.5% in 2025, and ranks 2,377 of 23,059 in Handel.
No large changes in the key figures from 2024 to 2025.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 32 MNOK and 124 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 116 MNOK |
| EV/EBIT | 8.0 | 124 MNOK |
| P/B | 1.0 | 32 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 11.4% 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.
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 1.5%. Based on the 11 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 90 | weight 30% |
|---|---|---|
| Solidity | 77 | weight 25% |
| Liquidity | 71 | weight 15% |
| Growth | 55 | weight 15% |
| Consistency | 50 | weight 15% |
Durability: 75 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Scandinavian Explorer AS?
The operating margin was 13.3% in 2025, against a median of 3.0% among companies in the Morning class Medium in the same sector. Return on assets was 29.2%.
How solid is Scandinavian Explorer AS?
The equity ratio was 50.5% in 2025 (median 30.0%). Debt-to-equity was 0.98 (median 2.24).
What is the liquidity of Scandinavian Explorer AS like?
The current ratio was 1.85 in 2025 (median 1.39).
How does Scandinavian Explorer AS compare in Handel?
Scandinavian Explorer AS ranks 2,377 of 23,059 in Handel for 2025. Among companies in the Morning class Medium it is number 380 of 3,712. Revenue changed by 7.3% from the year before.
Group accounts · 2023
67 of 100
Rank 110 of 464 groups in the Morning class Medium in Handel. Groups are ranked only against other groups in the same sector and class, never against single companies.
- Operating revenue, group
- 95 MNOK
- Operating profit, group
- 10 MNOK
- Profit before tax, group
- 9 MNOK
- Total assets, group
- 62 MNOK
- Equity, group
- 33 MNOK
| Key figure | The group | The company alone (2025) |
|---|---|---|
| Operating margin | 10.3% | – |
| Return on assets | 17.8% | – |
| Equity ratio | 52.8% | – |
| Current ratio | 2.58 | – |
| Revenue growth | – | – |
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 2023 (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.
- 991598901
- Legal form
- AS
- Sector
- Handel (46.420)
- Morning company class
- Medium
- Employees
- 17 registered 10 July 2026
- Founded
- 31 July 2007 19 years in operation
- Share capital
- 0.64 MNOK
- Business address
- Vanemveien 20, 1599 MOSS
- Municipality
- Moss rank 4–9 of 10 in KOSTRA group 11
- Latest accounts filed
- 2025
- LEI
- 254900SQ6K2WPBHPBI75 renews 11 January 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
- Michael El Younoussi Karlsen
- Chair of the board
- Thor Jørgen Kristiansen
- Board member
- Espen Krogstad
- Auditor
- Årnes Revisjon AS
- Accountant
- Bauta Regnskap 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 29 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 78 | 74 | 73 | |
| Rank | 2,410 | 2,197 | 2,377 | |
| Operating margin | 12.1% | 11.6% | 13.3% | |
| Return on assets | 19.8% | 19.1% | 29.2% | |
| Equity ratio | 53.8% | 52.5% | 50.5% | |
| Current ratio | 2.61 | 1.97 | 1.85 | |
| Revenue growth | – | 13.1% | 7.3% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 93.8 MNOK | 106.1 MNOK | 113.9 MNOK |
| Operating profit | 11.4 MNOK | 12.3 MNOK | 15.2 MNOK |
| Profit before tax | 10.1 MNOK | 9.4 MNOK | 14.9 MNOK |
| Net profit | 8.2 MNOK | 7.2 MNOK | 11.6 MNOK |
| Financial expenses | 2.6 MNOK | 5.3 MNOK | 3.6 MNOK |
| Total assets | 63.6 MNOK | 77.1 MNOK | 63.4 MNOK |
| Current assets | 59.5 MNOK | 69.7 MNOK | 56.3 MNOK |
| Equity | 34.2 MNOK | 40.5 MNOK | 32.0 MNOK |
| Retained earnings | 13.9 MNOK | 20.1 MNOK | 11.7 MNOK |
| Total liabilities | 29.4 MNOK | 36.7 MNOK | 31.4 MNOK |
| Current liabilities | 22.8 MNOK | 35.3 MNOK | 30.4 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 29 October 2026, accounts id 6984994.
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