THUNBOLAGET AS
Score · fiscal year 2025
72of 100
How to read this: the company is ahead of 91 % of small companies in the same sector in 2025. What does this mean?
Rank: 150 of 1,589 · Sjøfart
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 46 and solidity 86 out of 100 among small companies in the same sector in 2025. Methodology
Against the sector
THUNBOLAGET AS is 22 points above the median for small companies in the same sector in 2025.
Median score 50 among 1,146 companies.
Against small companies in the same sector in 2025: operating margin 6.9% (median 8.5%) and equity ratio 99.1% (median 50.7%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 0 MNOK | 5 MNOK |
| Operating margin | 6.9% | 8.5% |
| Profit margin | 8.7% | 9.2% |
| Return on assets | 1.8% | 3.1% |
| Equity ratio | 99.1% | 50.7% |
| Debt-to-equity | 0.01 | 0.68 |
| Current ratio | 110.19 | 1.74 |
| Revenue growth | – | 0.4% |
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 72, THUNBOLAGET AS does better than 91% of small companies in the same sector (1,152 companies) in 2025.
Score 2023–2025
- THUNBOLAGET AS
- Median: small companies in the same sector
THUNBOLAGET AS has a score of 72 for 2025, rank 150 of 1,589 in the sector.
Strongest: Liquidity: percentile 95 against peers, current ratio 110.19 against a median of 1.74. Solidity: percentile 86 against peers, equity ratio 99.1% against a median of 50.7%.
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
THUNBOLAGET AS had an operating margin of 6.9% and an equity ratio of 99.1% in 2025, and ranks 150 of 1,589 in Sjøfart.
From 2024 to 2025: went from a loss to a profit before tax and the equity ratio rose from 88.1% to 99.1%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 0 MNOK and 0 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 0 MNOK |
| EV/EBIT | 8.0 | 0 MNOK |
| P/B | 1.0 | 0 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.
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 | 46 | weight 30% |
|---|---|---|
| Solidity | 86 | weight 25% |
| Liquidity | 95 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 75 | weight 15% |
Durability: 56 (average over 3 years)
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is THUNBOLAGET AS?
The operating margin was 6.9% in 2025, against a median of 8.5% among small companies in the same sector. Return on assets was 1.8%.
How solid is THUNBOLAGET AS?
The equity ratio was 99.1% in 2025 (median 50.7%). Debt-to-equity was 0.01 (median 0.68).
What is the liquidity of THUNBOLAGET AS like?
The current ratio was 110.19 in 2025 (median 1.74).
How does THUNBOLAGET AS compare in Sjøfart?
THUNBOLAGET AS ranks 150 of 1,589 in Sjøfart for 2025. Among companies of the same size (small companies) it ranks 107 of 1,152.
From the Central Coordinating Register
- Org. no.
- 922193703
- Legal form
- AS
- Sector
- Sjøfart (50.201)
- Size tier
- small
- Employees
- 0–4 (not registered)
- Founded
- 1 April 1964 62 years in operation
- Share capital
- 0.10 MNOK
- Business address
- Sagaveien 13, 1443 DRØBAK (FROGN)
- Municipality
- Frogn rank 6–15 of 38 in KOSTRA group 7
- Audit
- Audit opted out from 19 November 2018
- 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
- Odd Helge Gundersen
- Chair of the board
- Odd Helge Gundersen
- Board member
- Henrik Per Anders Källsson
- Deputy member
- Grethe Ødegård
- Accountant
- BLUE SKY ECONOMY 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 | 43 | 53 | 72 | |
| Rank | 812 | 625 | 150 | |
| Operating margin | – | – | 6.9% | |
| Return on assets | 15.6% | −6.6% | 1.8% | |
| Equity ratio | −144.7% | 88.1% | 99.1% | |
| Current ratio | 11.56 | 8.41 | 110.19 | |
| Revenue growth | – | – | – |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 0.0 MNOK | – | 0.0 MNOK |
| Operating profit | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Profit before tax | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Net profit | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Total assets | 0.2 MNOK | 0.2 MNOK | 0.1 MNOK |
| Current assets | 0.2 MNOK | 0.2 MNOK | 0.1 MNOK |
| Equity | −0.2 MNOK | 0.1 MNOK | 0.1 MNOK |
| Retained earnings | −0.3 MNOK | 0.0 MNOK | 0.0 MNOK |
| Total liabilities | 0.4 MNOK | 0.0 MNOK | 0.0 MNOK |
| Current liabilities | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 6561015.
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