AQS REDERI AS
Score · fiscal year 2025
30of 100
How to read this: the company is ahead of 12 % of medium-sized companies in the same sector in 2025. What does this mean?
Rank: 1,317 of 1,589 · Sjøfart
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 28 and solidity 13 out of 100 among medium-sized companies in the same sector in 2025. Methodology
Against the sector
AQS REDERI AS is 18 points below the median for medium-sized companies in the same sector in 2025.
Median score 48 among 355 companies.
Against medium-sized companies in the same sector in 2025: operating margin 5.7% (median 24.9%) and equity ratio 9.0% (median 53.8%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 247 MNOK | 181 MNOK |
| Operating margin | 5.7% | 24.9% |
| Profit margin | −7.7% | 17.8% |
| Return on assets | 1.8% | 7.4% |
| Equity ratio | 9.0% | 53.8% |
| Debt-to-equity | 10.17 | 0.79 |
| Current ratio | 0.49 | 1.33 |
| Revenue growth | 25.4% | 2.9% |
| Revenue per employee | 1.76 MNOK | 2.91 MNOK |
The median and “ahead of” refer to medium-sized companies in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 30, AQS REDERI AS does better than 12% of medium-sized companies in the same sector (355 companies) in 2025.
Score 2023–2025
- AQS REDERI AS
- Median: medium-sized companies in the same sector
AQS REDERI AS has a score of 30 for 2025, rank 1,317 of 1,589 in the sector.
Strongest: Growth: percentile 72 against peers, revenue growth 25.4% against a median of 2.9%.
Weakest: Solidity: percentile 13 against peers, equity ratio 9.0% against a median of 53.8%. Liquidity: percentile 18 against peers, current ratio 0.49 against a median of 1.33.
Worth a closer look
- Consider strengthening liquidity: current liabilities are 2.1 times current assets. Based on: current ratio 0.49 (median 1.33).
- The equity ratio is very low. Could the company absorb a bad year, and does it need more equity? Based on: equity ratio 9.0% (median 53.8%).
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin −7.7% (median 17.8%).
- 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
AQS REDERI AS had an operating margin of 5.7% and an equity ratio of 9.0% in 2025, and ranks 1,317 of 1,589 in Sjøfart.
From 2024 to 2025: revenue grew by 25% and the operating margin fell from 8.5% to 5.7%.
This text is generated automatically from the 2025 accounts.
Three simple methods
One method gives a figure: 74 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | debt above value |
| P/B | 1.0 | 74 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
- critical
Consider strengthening liquidity: current liabilities are 2.1 times current assets.
Based on: Current ratio 0.49 (median 1.33).
- watch
The equity ratio is very low. Could the company absorb a bad year, and does it need more equity?
Based on: Equity ratio 9.0% (median 53.8%).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −7.7% (median 17.8%).
- 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 5.7% (median 24.9%).
- 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 25.4% (median 2.9%); Current ratio 0.49 (median 1.33).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Data quality
No anomalies found in the figures.
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 | 28 | weight 30% |
|---|---|---|
| Solidity | 13 | weight 25% |
| Liquidity | 18 | weight 15% |
| Growth | 72 | weight 15% |
| Consistency | 34 | weight 15% |
Durability: 32 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is AQS REDERI AS?
The operating margin was 5.7% in 2025, against a median of 24.9% among medium-sized companies in the same sector. Return on assets was 1.8%. The company made a loss before tax.
How solid is AQS REDERI AS?
The equity ratio was 9.0% in 2025 (median 53.8%). Debt-to-equity was 10.17 (median 0.79).
What is the liquidity of AQS REDERI AS like?
The current ratio was 0.49 in 2025 (median 1.33). Current assets did not cover current liabilities.
How does AQS REDERI AS compare in Sjøfart?
AQS REDERI AS ranks 1,317 of 1,589 in Sjøfart for 2025. Among companies of the same size (medium-sized companies) it ranks 312 of 355. Revenue changed by 25.4% from the year before.
From the Central Coordinating Register
- Org. no.
- 917087237
- Legal form
- AS
- Sector
- Sjøfart (50.202)
- Size tier
- medium
- Employees
- 140 registered 10 October 2026
- Founded
- 5 February 2016 10 years in operation
- Share capital
- 2.00 MNOK
- Business address
- Sliperiveien 19, 7770 FLATANGER
- Municipality
- Flatanger rank 6 of 36 in KOSTRA group 15
- Latest accounts filed
- 2025
- Website
- www.aqs.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
- Robert Lundli Hundstad
- Chair of the board
- Ove Løfsnæs
- Board member
- Edvard Østvik Løfsnæs
- Board member
- Ørjan Skorstad Iversen
- Board member
- Nils Erik Telstad
- Board member
- Sandra Bjørkli Løfsnæs
- Deputy member
- Sigmund Sætnan
- Deputy member
- Ole-Kristian Langstrand Hatland
- Auditor
- BDO AS
- Accountant
- BRYGGA REGNSKAP AS
Source: Central Coordinating Register, fetched 25 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 | 31 | 35 | 30 | |
| Rank | 1,072 | 1,120 | 1,317 | |
| Operating margin | 19.1% | 8.5% | 5.7% | |
| Return on assets | 3.7% | 2.4% | 1.8% | |
| Equity ratio | 14.8% | 11.9% | 9.0% | |
| Current ratio | 0.44 | 1.14 | 0.49 | |
| Revenue growth | – | 50.5% | 25.4% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 130.7 MNOK | 196.7 MNOK | 246.7 MNOK |
| Operating profit | 25.0 MNOK | 16.7 MNOK | 14.0 MNOK |
| Profit before tax | 11.8 MNOK | −15.4 MNOK | −19.0 MNOK |
| Net profit | 11.8 MNOK | −15.4 MNOK | −14.9 MNOK |
| Financial expenses | 13.2 MNOK | 32.4 MNOK | 34.0 MNOK |
| Total assets | 679.0 MNOK | 714.7 MNOK | 823.7 MNOK |
| Current assets | 89.4 MNOK | 38.9 MNOK | 85.7 MNOK |
| Equity | 100.3 MNOK | 84.9 MNOK | 73.8 MNOK |
| Retained earnings | 68.3 MNOK | 52.9 MNOK | 40.0 MNOK |
| Total liabilities | 578.7 MNOK | 629.7 MNOK | 749.9 MNOK |
| Current liabilities | 202.5 MNOK | 34.2 MNOK | 176.2 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 7188379.
Further
Similar companies
- KNOT SHUTTLE TANKERS 34 AS index 31, rank 1,308 · compare
- SELMER BULK SHIPOWNING AS index 31, rank 1,309 · compare
- HURTIGRUTEN GLOBAL SERVICES AS index 31, rank 1,311 · compare
- HAVILA SHIPPING ASA index 30, rank 1,321 · compare
- BERGE REDERI FUTURE AS index 30, rank 1,322 · compare