COG OFFSHORE AS
Score · fiscal year 2025
26of 100
How to read this: the company is ahead of 16 % of small companies in the same sector in 2025. What does this mean?
Rank: 1,761 of 2,035 · Sjøfart
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 34 and solidity 0 out of 100 among small companies in the same sector in 2025. Methodology
Against the sector
COG OFFSHORE AS is 24 points below the median for small companies in the same sector in 2025.
Median score 50 among 1,468 companies.
Against small companies in the same sector in 2025: operating margin −1.0% (median 8.4%) and equity ratio −18.0% (median 51.2%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 53 MNOK | 5 MNOK |
| Operating margin | −1.0% | 8.4% |
| Profit margin | −0.8% | 9.2% |
| Return on assets | 0.0% | 3.4% |
| Equity ratio | −18.0% | 51.2% |
| Debt-to-equity | – | 0.67 |
| Current ratio | 0.85 | 1.77 |
| Revenue growth | −21.5% | 1.2% |
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 26, COG OFFSHORE AS does better than 16% of small companies in the same sector (1,475 companies) in 2025.
Score 2023–2025
- COG OFFSHORE AS
- Median: small companies in the same sector
COG OFFSHORE AS has a score of 26 for 2025, rank 1,761 of 2,035 in the sector.
Strongest: Consistency: percentile 57 against peers.
Weakest: Solidity: percentile 0 against peers, equity ratio −18.0% against a median of 51.2%. Growth: percentile 22 against peers, revenue growth −21.5% against a median of 1.2%.
Worth a closer look
- Equity is negative. How will it be rebuilt, and what do lenders and the auditor say about going concern? Based on: equity ratio −18.0% (median 51.2%).
- Consider strengthening liquidity: current liabilities are 1.2 times current assets. Based on: current ratio 0.85 (median 1.77).
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin −0.8% (median 9.2%).
- What lies behind weak solidity, 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
COG OFFSHORE AS had an operating margin of −1.0% and an equity ratio of −18.0% in 2025, and ranks 1,761 of 2,035 in Sjøfart.
From 2024 to 2025: went from a profit to a loss before tax and revenue fell by 21%.
This text is generated automatically from the 2025 accounts.
Three simple methods
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| 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 −18.0% (median 51.2%).
- watch
Consider strengthening liquidity: current liabilities are 1.2 times current assets.
Based on: Current ratio 0.85 (median 1.77).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −0.8% (median 9.2%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 7.2% 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
- 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 | 34 | weight 30% |
|---|---|---|
| Solidity | 0 | weight 25% |
| Liquidity | 29 | weight 15% |
| Growth | 22 | weight 15% |
| Consistency | 57 | weight 15% |
Durability: 29 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is COG OFFSHORE AS?
The operating margin was −1.0% in 2025, against a median of 8.4% among small companies in the same sector. Return on assets was 0.0%. The company made a loss before tax.
How solid is COG OFFSHORE AS?
The equity ratio was −18.0% in 2025 (median 51.2%). Equity is negative, so liabilities exceed assets.
What is the liquidity of COG OFFSHORE AS like?
The current ratio was 0.85 in 2025 (median 1.77). Current assets did not cover current liabilities.
How does COG OFFSHORE AS compare in Sjøfart?
COG OFFSHORE AS ranks 1,761 of 2,035 in Sjøfart for 2025. Among companies of the same size (small companies) it ranks 1,245 of 1,475. Revenue changed by −21.5% from the year before.
From the Central Coordinating Register
- Org. no.
- 995732815
- Legal form
- AS
- Sector
- Sjøfart (50.201)
- Size tier
- small
- Employees
- 0–4 (not registered)
- Founded
- 26 May 2010 16 years in operation
- Share capital
- 0.10 MNOK
- Business address
- Djuvavegen 10, 5542 KARMSUND (KARMØY)
- Municipality
- Karmøy rank 1–6 of 13 in KOSTRA group 10
- 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
- Knut Atle Ertsland
- Chair of the board
- Knut Atle Ertsland
- Board member
- Runar Myhrvold
- Auditor
- CEDRA NORGE AS
- Accountant
- AIDER 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 | 23 | 39 | 26 | |
| Rank | 1,565 | 1,369 | 1,761 | |
| Operating margin | 0.1% | 2.1% | −1.0% | |
| Return on assets | 2.5% | 45.6% | 0.0% | |
| Equity ratio | −20.8% | −11.0% | −18.0% | |
| Current ratio | 0.83 | 0.90 | 0.85 | |
| Revenue growth | – | −7.1% | −21.5% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 72.5 MNOK | 67.4 MNOK | 52.9 MNOK |
| Operating profit | 0.1 MNOK | 1.4 MNOK | −0.5 MNOK |
| Profit before tax | 0.1 MNOK | 1.1 MNOK | −0.4 MNOK |
| Net profit | 0.1 MNOK | 1.1 MNOK | −0.4 MNOK |
| Financial expenses | 0.1 MNOK | 0.9 MNOK | 0.4 MNOK |
| Total assets | 7.8 MNOK | 4.4 MNOK | 5.1 MNOK |
| Current assets | 7.8 MNOK | 4.4 MNOK | 5.1 MNOK |
| Equity | −1.6 MNOK | −0.5 MNOK | −0.9 MNOK |
| Retained earnings | −1.7 MNOK | −0.6 MNOK | −1.0 MNOK |
| Total liabilities | 9.4 MNOK | 4.9 MNOK | 6.0 MNOK |
| Current liabilities | 9.4 MNOK | 4.9 MNOK | 6.0 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 29 October 2026, accounts id 7215904.
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