Wilhelmsen Maritime Services AS
Score · fiscal year 2025
54of 100
How to read this: the company is ahead of 58 % of companies in the Morning class Medium in the same sector in 2025. What does this mean?
Rank in the Morning class Medium: 246 of 581 · What are Morning company classes?
Place in the whole sector: 1,095 of 2,587 · Transport og lagring
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 81 and solidity 80 out of 100 among companies in the Morning class Medium in the same sector in 2025. Methodology
Against the sector
Wilhelmsen Maritime Services AS is 4 points above the median for companies in the Morning class Medium in the same sector in 2025.
Median score 50 among 581 companies.
Against companies in the Morning class Medium in the same sector in 2025: operating margin 82.0% (median 3.7%) and equity ratio 50.4% (median 29.0%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 324 MNOK | 98 MNOK |
| Operating margin | 82.0% | 3.7% |
| Profit margin | 158.1% | 3.5% |
| Return on assets | 12.9% | 9.8% |
| Equity ratio | 50.4% | 29.0% |
| Debt-to-equity | 0.98 | 2.35 |
| Current ratio | 0.43 | 1.31 |
| Revenue growth | −79.7% | 7.8% |
| Revenue per employee | 32.42 MNOK | 2.45 MNOK |
The median and “ahead of” refer to companies in the Morning class Medium in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 54, Wilhelmsen Maritime Services AS does better than 58% of companies in the Morning class Medium in the same sector (581 companies) in 2025.
Score 2023–2025
- Wilhelmsen Maritime Services AS
- Median: companies in the Morning class Medium in the same sector
Wilhelmsen Maritime Services AS has a score of 54 for 2025, rank 1,095 of 2,587 in the sector.
Strongest: Profitability: percentile 81 against peers, operating margin 82.0% against a median of 3.7%. Solidity: percentile 80 against peers, equity ratio 50.4% against a median of 29.0%.
Weakest: Growth: percentile 0 against peers, revenue growth −79.7% against a median of 7.8%. Liquidity: percentile 2 against peers, current ratio 0.43 against a median of 1.31.
Worth a closer look
- Consider strengthening liquidity: current liabilities are 2.3 times current assets. Based on: current ratio 0.43 (median 1.31).
- What lies behind weak growth, 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
Wilhelmsen Maritime Services AS had an operating margin of 82.0% and an equity ratio of 50.4% in 2025, and ranks 1,095 of 2,587 in Transport og lagring.
From 2024 to 2025: revenue fell by 80% and the operating margin fell from 95.9% to 82.0%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 258 MUSD and 326 MUSD.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 320 MUSD |
| EV/EBIT | 8.0 | 258 MUSD |
| P/B | 1.0 | 326 MUSD |
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 2.3 times current assets.
Based on: Current ratio 0.43 (median 1.31).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 10.7% 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.
See interest rates, prices and exchange rates for the sector
Data quality
- watch Reports in a currency other than NOK
Scenario analysis: the sector's weakest year
We have no accounts for 2022, the sector's weakest year, for this company.
The sector's weakest year was 2022, with a median operating margin of 2.9%. Based on the 8 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 81 | weight 30% |
|---|---|---|
| Solidity | 80 | weight 25% |
| Liquidity | 2 | weight 15% |
| Growth | 0 | weight 15% |
| Consistency | 63 | 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 Wilhelmsen Maritime Services AS?
The operating margin was 82.0% in 2025, against a median of 3.7% among companies in the Morning class Medium in the same sector. Return on assets was 12.9%.
How solid is Wilhelmsen Maritime Services AS?
The equity ratio was 50.4% in 2025 (median 29.0%). Debt-to-equity was 0.98 (median 2.35).
What is the liquidity of Wilhelmsen Maritime Services AS like?
The current ratio was 0.43 in 2025 (median 1.31). Current assets did not cover current liabilities.
How does Wilhelmsen Maritime Services AS compare in Transport og lagring?
Wilhelmsen Maritime Services AS ranks 1,095 of 2,587 in Transport og lagring for 2025. Among companies in the Morning class Medium it is number 246 of 581. Revenue changed by −79.7% 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.
- 987316144
- Legal form
- AS · part of a group
- Sector
- Transport og lagring (52.250)
- Morning company class
- Medium
- Employees
- 10 registered 10 September 2026
- Founded
- 28 September 2004 22 years in operation
- Share capital
- 300.00 MNOK
- Business address
- Strandveien 20, 1366 LYSAKER (BÆRUM)
- Municipality
- Bærum rank 1 of 11 in KOSTRA group 12
- Latest accounts filed
- 2025
- LEI
- 549300ED8VF9RLME1V92 renews 16 March 2027
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
Loading roles …
Source: Central Coordinating Register, fetched 1 November 2026. Only names are shown.
- Parent company
- WILH. Wilhelmsen Holding ASA (Norway)
- Ultimate parent
- Tallyman AS (Norway)
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 30 October 2026. The parent is the one the company itself reported to GLEIF.
Shareholders (2025)
- Number of shareholders
- 1 (one owner)
- Largest owner
- 100.0%
- Split
- companies 100% · private persons 0% · foreign 0%
- Owned from the same municipality
- 100%
- Group chain
-
Owned by: WILH. Wilhelmsen Holding ASA (100%)
Ultimate owner: Tallyman AS
- WILH. Wilhelmsen Holding ASA · 100.0%
Change 2007–2025:
100% of the shares changed owner (1 new and 1 departed owners). The majority owner changed.
New owners (companies): WILH. Wilhelmsen Holding ASA
Departed (companies): WILH. Wilhelmsen ASA
Majority owner of: Wilhelmsen Ships Service AS (100%), Wilhelmsen Port Services AS (100%), Wilhelmsen Ship Management Holding AS (100%), Wilhelmsen Maritime Services Invest AS (100%), Marine Supply System AS (100%), Wilhelmsen Insurance Services AS (100%), Wilhelmsen Chemicals AS (100%), Wilhelmsen Global Business Services AS (100%)
The portfolio: 4 of the companies it owns shares in have accounts with us, 4 of them as majority owner. The average index is 46. 0 have negative equity and 1 made a loss in the latest year.
Holds shares in: Wilhelmsen Port Services AS (100%), Wilhelmsen Ship Management Holding AS (100%), Wilhelmsen Maritime Services Invest AS (100%), Marine Supply System AS (100%), Wilhelmsen Chemicals AS (100%), Wilhelmsen Insurance Services AS (100%), Wilhelmsen Global Business Services AS (100%), Wilhelmsen Ships Service AS (100%)
Source: the Norwegian Tax Administration's shareholder register as of 2025. Figures may be older than today's ownership. Private persons are not shown by name.
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 6 November 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 65 | 77 | 54 | |
| Rank | 670 | 161 | 1,095 | |
| Operating margin | 90.6% | 95.9% | 82.0% | |
| Return on assets | 8.1% | 23.7% | 12.9% | |
| Equity ratio | 31.1% | 42.8% | 50.4% | |
| Current ratio | 0.74 | 0.36 | 0.43 | |
| Revenue growth | – | 126.9% | −79.7% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (USD). Revenue in NOK is converted from USD at the mean rate for the accounting period 1 January 2025–31 December 2025: 10.3912 (norges_bank). Balance-sheet amounts use the rate on the balance-sheet date. Ratios and growth are computed in USD. Exchange rates at Norges Bank
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 67.7 MUSD | 153.7 MUSD | 31.2 MUSD |
| Operating profit | 61.4 MUSD | 147.4 MUSD | 25.6 MUSD |
| Profit before tax | 17.9 MUSD | 83.4 MUSD | 49.3 MUSD |
| Tax expense | 9.8 MUSD | −5.7 MUSD | 17.3 MUSD |
| Net profit | 8.0 MUSD | 89.1 MUSD | 32.0 MUSD |
| Financial expenses | 32.4 MUSD | 72.5 MUSD | 34.3 MUSD |
| Total assets | 619.9 MUSD | 658.7 MUSD | 646.6 MUSD |
| Current assets | 184.4 MUSD | 110.9 MUSD | 135.1 MUSD |
| Equity | 192.7 MUSD | 282.2 MUSD | 326.0 MUSD |
| Retained earnings | 145.4 MUSD | 234.9 MUSD | 278.6 MUSD |
| Total liabilities | 427.1 MUSD | 376.5 MUSD | 320.6 MUSD |
| Current liabilities | 247.8 MUSD | 307.6 MUSD | 314.8 MUSD |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 6 November 2026, accounts id 6712992.
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