ISLAND VICTORY AS
Score · fiscal year 2025
44of 100
How to read this: the company is ahead of 42 % of medium-sized companies in the same sector in 2025. What does this mean?
Rank: 840 of 1,319 · Sjøfart
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 67 and solidity 43 out of 100 among medium-sized companies in the same sector in 2025. Methodology
Against the sector
ISLAND VICTORY AS is 3 points below the median for medium-sized companies in the same sector in 2025.
Median score 47 among 186 companies.
Against medium-sized companies in the same sector in 2025: operating margin 55.8% (median 28.3%) and equity ratio 40.9% (median 47.0%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 354 MNOK | 169 MNOK |
| Operating margin | 55.8% | 28.3% |
| Profit margin | 50.0% | 8.0% |
| Return on assets | 7.5% | 6.3% |
| Equity ratio | 40.9% | 47.0% |
| Debt-to-equity | 1.44 | 1.04 |
| Current ratio | 0.35 | 1.18 |
| Revenue growth | −23.3% | 4.6% |
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 44, ISLAND VICTORY AS does better than 42% of medium-sized companies in the same sector (186 companies) in 2025.
Score 2023–2025
- ISLAND VICTORY AS
- Median: medium-sized companies in the same sector
What the numbers say
ISLAND VICTORY AS had an operating margin of 55.8% and an equity ratio of 40.9% in 2025, and ranks 840 of 1,319 in Sjøfart.
From 2024 to 2025: the operating margin rose from 48.8% to 55.8% and the equity ratio fell from 57.1% to 40.9%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 968 MNOK and 1,619 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 1,380 MNOK |
| EV/EBIT | 8.0 | 1,619 MNOK |
| P/B | 1.0 | 968 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 2.8 times current assets.
Based on: Current ratio 0.35 (median 1.18).
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 2.5%. 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 | 67 | weight 30% |
|---|---|---|
| Solidity | 43 | weight 25% |
| Liquidity | 21 | weight 15% |
| Growth | 9 | weight 15% |
| Consistency | 58 | weight 15% |
Durability: 58 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is ISLAND VICTORY AS?
The operating margin was 55.8% in 2025, against a median of 28.3% among medium-sized companies in the same sector. Return on assets was 7.5%.
How solid is ISLAND VICTORY AS?
The equity ratio was 40.9% in 2025 (median 47.0%). Debt-to-equity was 1.44 (median 1.04).
What is the liquidity of ISLAND VICTORY AS like?
The current ratio was 0.35 in 2025 (median 1.18). Current assets did not cover current liabilities.
How does ISLAND VICTORY AS compare in Sjøfart?
ISLAND VICTORY AS ranks 840 of 1,319 in Sjøfart for 2025. Among companies of the same size (medium-sized companies) it ranks 108 of 186. Revenue changed by −23.3% from the year before.
Group accounts
The company is registered as part of a group, but we have no group accounts for it. Group accounts are filed by the parent company, and open data does not say which company that is.
Read the figures with care: a company in a group can look strong because of group contributions, or weak because dividends go up to the parent. The figures are indications, not the full picture.
We do not show the group structure, because open data does not say who owns whom.
From the Central Coordinating Register
- Org. no.
- 920718590
- Legal form
- AS · part of a group
- Sector
- Sjøfart (50.203)
- Size tier
- medium
- Employees
- 0–4 (not registered)
- Founded
- 22 March 2018 8 years in operation
- Share capital
- 120.00 MNOK
- Business address
- Stålhaugen 9, 6065 ULSTEINVIK
- Municipality
- Ulstein rank 6 of 40 in KOSTRA group 1
- Latest accounts filed
- 2025
- Website
- www.islandoffshore.com
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
- Chair of the board
- Morten Ulstein
- Board member
- Dino David Chouest
- Deputy member
- Håvard Ulstein
- Deputy member
- Gary J Chouest
- Auditor
- ERNST & YOUNG AS
- Accountant
- HASUND 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 | 68 | 63 | 44 | |
| Rank | 165 | 253 | 840 | |
| Operating margin | 51.8% | 48.8% | 55.8% | |
| Return on assets | 11.3% | 13.6% | 7.5% | |
| Equity ratio | 50.9% | 57.1% | 40.9% | |
| Current ratio | 4.29 | 1.62 | 0.35 | |
| Revenue growth | – | 18.3% | −23.3% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 390.0 MNOK | 461.5 MNOK | 353.8 MNOK |
| Operating profit | 202.0 MNOK | 225.2 MNOK | 197.2 MNOK |
| Profit before tax | 154.1 MNOK | 197.5 MNOK | 177.0 MNOK |
| Net profit | 120.0 MNOK | 154.0 MNOK | 138.0 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Total assets | 1,358.7 MNOK | 1,453.1 MNOK | 2,365.5 MNOK |
| Current assets | 246.2 MNOK | 233.9 MNOK | 186.3 MNOK |
| Equity | 691.6 MNOK | 830.3 MNOK | 968.3 MNOK |
| Retained earnings | 177.0 MNOK | 315.6 MNOK | 453.6 MNOK |
| Total liabilities | 667.1 MNOK | 622.8 MNOK | 1,397.2 MNOK |
| Current liabilities | 57.4 MNOK | 144.5 MNOK | 527.5 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 6976428.
Further
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