VARNES CHARTERING AS
Score · fiscal year 2023
54of 100
How to read this: the company is ahead of 59 % of small companies in the same sector in 2023. What does this mean?
Rank: 727 of 1,788 · Sjøfart
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2023, not a verdict on the company. Based on profitability 82 and solidity 28 out of 100 among small companies in the same sector in 2023. Methodology
Against the sector
VARNES CHARTERING AS is 5 points above the median for small companies in the same sector in 2023.
Median score 49 among 1,332 companies.
Against small companies in the same sector in 2023: operating margin 31.2% (median 9.6%) and equity ratio 25.1% (median 50.5%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 7 MNOK | 4 MNOK |
| Operating margin | 31.2% | 9.6% |
| Profit margin | 29.6% | 8.6% |
| Return on assets | 38.8% | 3.7% |
| Equity ratio | 25.1% | 50.5% |
| Debt-to-equity | 2.98 | 0.59 |
| Current ratio | 0.97 | 1.70 |
| Revenue growth | – | 18.4% |
The median and “ahead of” refer to small companies in the same sector in 2023. The bar shows the share of companies the figure is ahead of.
With an index of 54, VARNES CHARTERING AS does better than 59% of small companies in the same sector (1,334 companies) in 2023.
Score 2023–2025
- VARNES CHARTERING AS
- Median: small companies in the same sector
What the numbers say
VARNES CHARTERING AS had an operating margin of 31.2% and an equity ratio of 25.1% in 2023, and ranks 727 of 1,788 in Sjøfart.
This text is generated automatically from the 2023 accounts.
Three simple methods
The methods give between 2 MNOK and 17 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 17 MNOK |
| EV/EBIT | 8.0 | 17 MNOK |
| P/B | 1.0 | 2 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
- watch
Consider strengthening liquidity: current liabilities are 1.0 times current assets.
Based on: Current ratio 0.97 (median 1.70).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 4.2% of the debt in 2023. The policy rate averaged 3.54 % 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.
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 | 82 | weight 30% |
|---|---|---|
| Solidity | 28 | weight 25% |
| Liquidity | 31 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 64 | weight 15% |
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is VARNES CHARTERING AS?
The operating margin was 31.2% in 2023, against a median of 9.6% among small companies in the same sector. Return on assets was 38.8%.
How solid is VARNES CHARTERING AS?
The equity ratio was 25.1% in 2023 (median 50.5%). Debt-to-equity was 2.98 (median 0.59).
What is the liquidity of VARNES CHARTERING AS like?
The current ratio was 0.97 in 2023 (median 1.70). Current assets did not cover current liabilities.
How does VARNES CHARTERING AS compare in Sjøfart?
VARNES CHARTERING AS ranks 727 of 1,788 in Sjøfart for 2023. Among companies of the same size (small companies) it ranks 545 of 1,334.
From the Central Coordinating Register
- Org. no.
- 923346252
- Legal form
- AS
- Sector
- Sjøfart (50.201)
- Size tier
- small
- Employees
- 0–4 (not registered)
- Founded
- 16 August 2019 7 years in operation
- Share capital
- 0.03 MNOK
- Business address
- Strandgaten 30, 4400 FLEKKEFJORD
- Municipality
- Flekkefjord rank 15–27 of 39 in KOSTRA group 4
- 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
- Geir Jerstad
- Chair of the board
- Geir Jerstad
- Board member
- Tore Myklebusthaug
- Auditor
- JOHANSEN REVISJON 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 26 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 54 | 55 | 50 | |
| Rank | 727 | 717 | 1,000 | |
| Operating margin | 31.2% | 27.9% | 19.8% | |
| Return on assets | 38.8% | 37.7% | 27.3% | |
| Equity ratio | 25.1% | 26.8% | 35.0% | |
| Current ratio | 0.97 | 0.81 | 0.72 | |
| Revenue growth | – | 14.2% | −14.9% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 7.4 MNOK | 8.5 MNOK | 7.2 MNOK |
| Operating profit | 2.3 MNOK | 2.4 MNOK | 1.4 MNOK |
| Profit before tax | 2.2 MNOK | 2.2 MNOK | 1.3 MNOK |
| Net profit | 1.7 MNOK | 1.7 MNOK | 1.0 MNOK |
| Financial expenses | 0.2 MNOK | 0.2 MNOK | 0.2 MNOK |
| Total assets | 6.2 MNOK | 6.4 MNOK | 5.4 MNOK |
| Current assets | 2.2 MNOK | 2.4 MNOK | 1.4 MNOK |
| Equity | 1.6 MNOK | 1.7 MNOK | 1.9 MNOK |
| Retained earnings | 1.5 MNOK | 1.7 MNOK | 1.9 MNOK |
| Total liabilities | 4.6 MNOK | 4.7 MNOK | 3.5 MNOK |
| Current liabilities | 2.2 MNOK | 3.0 MNOK | 1.9 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 4598279.
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