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TANANGER OFFSHORE AS

Org. no. 879207142 · STAVANGER · Founded 1997 · 8 employees

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Score · fiscal year 2025

18of 100

How to read this: the company is ahead of 4 % of small companies in the same sector in 2025. What does this mean?

Rank: 983 of 1,016 · Sjøfart

Profile

Beaver · Builder

Lower profitability, lower solidity

Position against comparable companies in 2025, not a verdict on the company. Based on profitability 9 and solidity 19 out of 100 among small companies in the same sector in 2025. Methodology

Against the sector

TANANGER OFFSHORE AS is 32 points below the median for small companies in the same sector in 2025.

Median score 50 among 705 companies.

Against small companies in the same sector in 2025: operating margin −16.0% (median 11.0%) and equity ratio 14.5% (median 44.4%).

Source: Register of Company Accounts and Central Coordinating RegisterFetched 26 October 2026Report an issue
Key figures · 2025

The numbers behind the score

The numbers behind the score · 2025
MeasureCompanyMedianAhead of
Operating revenue23 MNOK21 MNOK
Operating margin −16.0% 11.0% 13 %
Profit margin −22.3% 9.1% shown, not part of the index
Return on assets −15.4% 7.6% 5 %
Equity ratio 14.5% 44.4% 23 %
Debt-to-equity 5.92 1.04 15 %
Current ratio 0.63 1.67 19 %
Revenue growth −7.1% 2.9% 27 %
Revenue per employee2.83 MNOK1.42 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 18, TANANGER OFFSHORE AS does better than 4% of small companies in the same sector (705 companies) in 2025.

Over time

Score 2023–2025

CompanyMedian0255075100202320242025
  • TANANGER OFFSHORE AS
  • Median: small companies in the same sector
Summary analysis

TANANGER OFFSHORE AS has a score of 18 for 2025, rank 983 of 1,016 in the sector.

Strongest: Growth: percentile 27 against peers, revenue growth −7.1% against a median of 2.9%.

Weakest: Profitability: percentile 9 against peers, operating margin −16.0% against a median of 11.0%. Solidity: percentile 19 against peers, equity ratio 14.5% against a median of 44.4%.

Worth a closer look

  • Consider strengthening liquidity: current liabilities are 1.6 times current assets. Based on: current ratio 0.63 (median 1.67).
  • The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin −22.3% (median 9.1%).
  • The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors? Based on: operating margin −16.0% (median 11.0%).
  • 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

Analysis · 2025

What the numbers say

TANANGER OFFSHORE AS had an operating margin of −16.0% and an equity ratio of 14.5% in 2025, and ranks 983 of 1,016 in Sjøfart.

From 2024 to 2025: the equity ratio fell from 33.6% to 14.5% and the operating margin rose from −22.7% to −16.0%.

This text is generated automatically from the 2025 accounts.

Estimated value · 2025

Three simple methods

One method gives a figure: 3 MNOK.

MethodInputMultipleEstimate
P/E Net profit: −4.0 MNOK 10.0 not meaningful
EV/EBIT Operating profit: −3.6 MNOK 8.0 not meaningful
P/B Equity: 3.1 MNOK 1.0 3 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

Indications · 2025

Worth a closer look

  • watch

    Consider strengthening liquidity: current liabilities are 1.6 times current assets.

    Based on: Current ratio 0.63 (median 1.67).

  • watch

    The company made a loss before tax. Are these one-off items or a pattern?

    Based on: Profit margin −22.3% (median 9.1%).

  • watch

    The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors?

    Based on: Operating margin −16.0% (median 11.0%).

Indications based on the latest annual accounts from open data. Not investment or financial advice.

Financial costs were 9.6% 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.

Stress test · 2022

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

Components · 2025

What the score is made of

Profitability9 weight 30%
Solidity19 weight 25%
Liquidity19 weight 15%
Growth27 weight 15%
Consistency26 weight 15%

Durability: 30 (average over 3 years)

Index version 2. Data completeness 100%: the share of the weights that had data.

2025

Questions and answers

How profitable is TANANGER OFFSHORE AS?

The operating margin was −16.0% in 2025, against a median of 11.0% among small companies in the same sector. Return on assets was −15.4%. The company made a loss before tax.

How solid is TANANGER OFFSHORE AS?

The equity ratio was 14.5% in 2025 (median 44.4%). Debt-to-equity was 5.92 (median 1.04).

What is the liquidity of TANANGER OFFSHORE AS like?

The current ratio was 0.63 in 2025 (median 1.67). Current assets did not cover current liabilities.

How does TANANGER OFFSHORE AS compare in Sjøfart?

TANANGER OFFSHORE AS ranks 983 of 1,016 in Sjøfart for 2025. Among companies of the same size (small companies) it ranks 678 of 705. Revenue changed by −7.1% from the year before.

From the Central Coordinating Register

Org. no.
879207142
Legal form
AS
Sector
Sjøfart (50.203)
Size tier
small
Employees
8 registered 10 March 2026
Founded
1 September 1997 29 years in operation
Share capital
0.72 MNOK
Business address
Kvernevik Ring 177, 4048 HAFRSFJORD (STAVANGER)
Municipality
Stavanger rank 5 of 11 in KOSTRA group 12
Latest accounts filed
2025
Website
www.tananger-offshore.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
Kjell Lundal
Chair of the board
Kjell Lundal
Board member
Rolf Lundal
Board member
Tor Olav Meberg
Auditor
REVISJON VEST AS
Accountant
DATAPLAN ALPHA 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.

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Figures last fetched 26 October 2026.

Details

Year by year · 2023–2025

Key figure202320242025Trend
Index413018
Rank575826983
Operating margin−23.5%−22.7%−16.0%
Return on assets−13.0%−23.5%−15.4%
Equity ratio51.2%33.6%14.5%
Current ratio2.740.410.63
Revenue growth–88.6%−7.1%

Accounts

From the Brønnøysund Register Centre, in the company's reporting currency (NOK).

Key figure202320242025
Operating revenue12.9 MNOK24.4 MNOK22.7 MNOK
Operating profit−3.0 MNOK−5.5 MNOK−3.6 MNOK
Profit before tax−3.0 MNOK−5.4 MNOK−5.1 MNOK
Net profit−2.4 MNOK−4.2 MNOK−4.0 MNOK
Financial expenses0.2 MNOK0.5 MNOK1.8 MNOK
Total assets22.0 MNOK21.0 MNOK21.4 MNOK
Current assets6.3 MNOK2.9 MNOK7.8 MNOK
Equity11.3 MNOK7.1 MNOK3.1 MNOK
Retained earnings5.7 MNOK1.5 MNOK−2.4 MNOK
Total liabilities10.7 MNOK13.9 MNOK18.3 MNOK
Current liabilities2.3 MNOK7.1 MNOK12.3 MNOK

Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 7023404.

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