HAVFRAM FLEET MANAGEMENT AS
Score · fiscal year 2025
37of 100
How to read this: the company is ahead of 27 % of small companies in the same sector in 2025. What does this mean?
Rank: 1,510 of 2,035 · Sjøfart
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 27 and solidity 15 out of 100 among small companies in the same sector in 2025. Methodology
Against the sector
HAVFRAM FLEET MANAGEMENT AS is 13 points below the median for small companies in the same sector in 2025.
Median score 50 among 1,469 companies.
Against small companies in the same sector in 2025: operating margin −5.4% (median 8.4%) and equity ratio 5.9% (median 51.1%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 10 MNOK | 5 MNOK |
| Operating margin | −5.4% | 8.4% |
| Profit margin | −5.0% | 9.2% |
| Return on assets | −1.6% | 3.4% |
| Equity ratio | 5.9% | 51.1% |
| Debt-to-equity | 16.01 | 0.67 |
| Current ratio | 1.06 | 1.77 |
| Revenue growth | 178.8% | 1.2% |
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 37, HAVFRAM FLEET MANAGEMENT AS does better than 27% of small companies in the same sector (1,476 companies) in 2025.
Score 2023–2025
- HAVFRAM FLEET MANAGEMENT AS
- Median: small companies in the same sector
HAVFRAM FLEET MANAGEMENT AS has a score of 37 for 2025, rank 1,510 of 2,035 in the sector.
Strongest: Growth: percentile 95 against peers, revenue growth 178.8% against a median of 1.2%.
Weakest: Solidity: percentile 15 against peers, equity ratio 5.9% against a median of 51.1%. Profitability: percentile 27 against peers, operating margin −5.4% against a median of 8.4%.
Worth a closer look
- The equity ratio is very low. Could the company absorb a bad year, and does it need more equity? Based on: equity ratio 5.9% (median 51.1%).
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin −5.0% (median 9.2%).
- Strong growth with weak liquidity. Is the growth financed, or does it tie up capital the company does not have? Based on: revenue growth 178.8% (median 1.2%); current ratio 1.06 (median 1.77).
- 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
HAVFRAM FLEET MANAGEMENT AS had an operating margin of −5.4% and an equity ratio of 5.9% in 2025, and ranks 1,510 of 2,035 in Sjøfart.
From 2024 to 2025: revenue grew by 179% and the equity ratio fell from 24.2% to 5.9%.
This text is generated automatically from the 2025 accounts.
Three simple methods
One method gives a figure: 2 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| 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
The equity ratio is very low. Could the company absorb a bad year, and does it need more equity?
Based on: Equity ratio 5.9% (median 51.1%).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −5.0% (median 9.2%).
- 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 178.8% (median 1.2%); Current ratio 1.06 (median 1.77).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 0.3% 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.
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 | 27 | weight 30% |
|---|---|---|
| Solidity | 15 | weight 25% |
| Liquidity | 36 | weight 15% |
| Growth | 95 | weight 15% |
| Consistency | 37 | weight 15% |
Durability: 42 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is HAVFRAM FLEET MANAGEMENT AS?
The operating margin was −5.4% in 2025, against a median of 8.4% among small companies in the same sector. Return on assets was −1.6%. The company made a loss before tax.
How solid is HAVFRAM FLEET MANAGEMENT AS?
The equity ratio was 5.9% in 2025 (median 51.1%). Debt-to-equity was 16.01 (median 0.67).
What is the liquidity of HAVFRAM FLEET MANAGEMENT AS like?
The current ratio was 1.06 in 2025 (median 1.77).
How does HAVFRAM FLEET MANAGEMENT AS compare in Sjøfart?
HAVFRAM FLEET MANAGEMENT AS ranks 1,510 of 2,035 in Sjøfart for 2025. Among companies of the same size (small companies) it ranks 1,084 of 1,476. Revenue changed by 178.8% from the year before.
From the Central Coordinating Register
- Org. no.
- 931693603
- Legal form
- AS
- Sector
- Sjøfart (50.201)
- Size tier
- small
- Employees
- 0–4 (not registered)
- Founded
- 14 June 2023 3 years in operation
- Share capital
- 0.04 MNOK
- Business address
- Karenslyst allé 53, 0279 OSLO
- Municipality
- Oslo rank 63–221 of 357 in Norway
- Latest accounts filed
- 2025
- Website
- havfram.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
- Chief executive
- Christopher Andersen Heidenreich
- Chair of the board
- Even Dahl Larsen
- Board member
- Marius Grøsfjeld Magelie
- Board member
- Christopher Andersen Heidenreich
- Board member
- Arvid Arvidsson Haugvoll
- Auditor
- ERNST & YOUNG 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 27 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 50 | 40 | 37 | |
| Rank | 853 | 1,332 | 1,510 | |
| Operating margin | 4.8% | −2.5% | −5.4% | |
| Return on assets | 0.9% | −0.9% | −1.6% | |
| Equity ratio | 77.1% | 24.2% | 5.9% | |
| Current ratio | 2.25 | 1.14 | 1.06 | |
| Revenue growth | – | 601.9% | 178.8% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 0.5 MNOK | 3.5 MNOK | 9.8 MNOK |
| Operating profit | 0.0 MNOK | −0.1 MNOK | −0.5 MNOK |
| Profit before tax | 0.0 MNOK | −0.1 MNOK | −0.5 MNOK |
| Net profit | 0.0 MNOK | −0.1 MNOK | −0.4 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK | 0.1 MNOK |
| Total assets | 2.6 MNOK | 8.0 MNOK | 26.6 MNOK |
| Current assets | 1.4 MNOK | 7.0 MNOK | 26.5 MNOK |
| Equity | 2.0 MNOK | 1.9 MNOK | 1.6 MNOK |
| Retained earnings | 0.0 MNOK | −0.1 MNOK | −0.4 MNOK |
| Total liabilities | 0.6 MNOK | 6.1 MNOK | 25.1 MNOK |
| Current liabilities | 0.6 MNOK | 6.1 MNOK | 25.1 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 27 October 2026, accounts id 6983532.
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