JOARS AS
Score · fiscal year 2025
68of 100
How to read this: the company is ahead of 84 % of small companies in the same sector in 2025. What does this mean?
Rank: 6,160 of 38,670 · Handel
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 93 and solidity 65 out of 100 among small companies in the same sector in 2025. Methodology
Against the sector
JOARS AS is 18 points above the median for small companies in the same sector in 2025.
Median score 50 among 36,110 companies.
Against small companies in the same sector in 2025: operating margin 55.8% (median 2.5%) and equity ratio 62.3% (median 38.3%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 11 MNOK | 3 MNOK |
| Operating margin | 55.8% | 2.5% |
| Profit margin | 107.8% | 2.2% |
| Return on assets | 32.9% | 4.0% |
| Equity ratio | 62.3% | 38.3% |
| Debt-to-equity | 0.61 | 0.99 |
| Current ratio | 0.70 | 1.70 |
| Revenue growth | 60.5% | 3.5% |
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 68, JOARS AS does better than 84% of small companies in the same sector (36,579 companies) in 2025.
Score 2023–2025
- JOARS AS
- Median: small companies in the same sector
JOARS AS has a score of 68 for 2025, rank 6,160 of 38,670 in the sector.
Strongest: Profitability: percentile 93 against peers, operating margin 55.8% against a median of 2.5%. Growth: percentile 88 against peers, revenue growth 60.5% against a median of 3.5%.
Weakest: Liquidity: percentile 16 against peers, current ratio 0.70 against a median of 1.70.
Worth a closer look
- Consider strengthening liquidity: current liabilities are 1.4 times current assets. Based on: current ratio 0.70 (median 1.70).
- Strong growth with weak liquidity. Is the growth financed, or does it tie up capital the company does not have? Based on: revenue growth 60.5% (median 3.5%); current ratio 0.70 (median 1.70).
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
JOARS AS had an operating margin of 55.8% and an equity ratio of 62.3% in 2025, and ranks 6,160 of 38,670 in Handel.
From 2024 to 2025: the operating margin rose from 17.3% to 55.8% and revenue grew by 60%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 24 MNOK and 109 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 109 MNOK |
| EV/EBIT | 8.0 | 38 MNOK |
| P/B | 1.0 | 24 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 1.4 times current assets.
Based on: Current ratio 0.70 (median 1.70).
- 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 60.5% (median 3.5%); Current ratio 0.70 (median 1.70).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 3.8% 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 2017, the sector's weakest year, for this company.
The sector's weakest year was 2017, with a median operating margin of −65.6%. Based on the 11 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 93 | weight 30% |
|---|---|---|
| Solidity | 65 | weight 25% |
| Liquidity | 16 | weight 15% |
| Growth | 88 | weight 15% |
| Consistency | 55 | weight 15% |
Durability: 65 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is JOARS AS?
The operating margin was 55.8% in 2025, against a median of 2.5% among small companies in the same sector. Return on assets was 32.9%.
How solid is JOARS AS?
The equity ratio was 62.3% in 2025 (median 38.3%). Debt-to-equity was 0.61 (median 0.99).
What is the liquidity of JOARS AS like?
The current ratio was 0.70 in 2025 (median 1.70). Current assets did not cover current liabilities.
How does JOARS AS compare in Handel?
JOARS AS ranks 6,160 of 38,670 in Handel for 2025. Among companies of the same size (small companies) it ranks 5,807 of 36,579. Revenue changed by 60.5% 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.
- 984565194
- Legal form
- AS · part of a group
- Sector
- Handel (47.300)
- Size tier
- small
- Employees
- 0–4 (not registered)
- Founded
- 30 March 2002 24 years in operation
- Share capital
- 0.10 MNOK
- Business address
- Tanke Svilands gate 33, 4007 STAVANGER
- Municipality
- Stavanger rank 5 of 11 in KOSTRA group 12
- 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
- Joar Skorpe
- Chair of the board
- Rasmus Skorpe
- Board member
- Joar Skorpe
- Deputy member
- Randi Pawells Skorpe
- Auditor
- ULTIMA 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 29 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 63 | 63 | 68 | |
| Rank | 9,728 | 8,961 | 6,160 | |
| Operating margin | 10.8% | 17.3% | 55.8% | |
| Return on assets | 8.7% | 23.0% | 32.9% | |
| Equity ratio | 64.9% | 43.9% | 62.3% | |
| Current ratio | 0.98 | 1.16 | 0.70 | |
| Revenue growth | – | 35.4% | 60.5% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 5.2 MNOK | 7.0 MNOK | 11.3 MNOK |
| Operating profit | 0.6 MNOK | 1.2 MNOK | 6.3 MNOK |
| Profit before tax | 0.7 MNOK | 6.5 MNOK | 12.1 MNOK |
| Net profit | 0.6 MNOK | 6.3 MNOK | 10.9 MNOK |
| Financial expenses | 0.2 MNOK | 0.5 MNOK | 0.6 MNOK |
| Total assets | 10.7 MNOK | 30.1 MNOK | 38.6 MNOK |
| Current assets | 1.2 MNOK | 6.4 MNOK | 1.2 MNOK |
| Equity | 6.9 MNOK | 13.2 MNOK | 24.1 MNOK |
| Retained earnings | 6.8 MNOK | 13.1 MNOK | 24.0 MNOK |
| Total liabilities | 3.7 MNOK | 16.9 MNOK | 14.6 MNOK |
| Current liabilities | 1.2 MNOK | 5.5 MNOK | 1.7 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 29 October 2026, accounts id 6775180.
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