NOVENCO AS
Score · fiscal year 2025
32of 100
How to read this: the company is ahead of 14 % of medium-sized companies in the same sector in 2025. What does this mean?
Rank: 30,297 of 38,671 · Handel
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 38 and solidity 24 out of 100 among medium-sized companies in the same sector in 2025. Methodology
Against the sector
NOVENCO AS is 17 points below the median for medium-sized companies in the same sector in 2025.
Median score 49 among 2,198 companies.
Against medium-sized companies in the same sector in 2025: operating margin 3.0% (median 3.2%) and equity ratio 19.0% (median 32.6%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 346 MNOK | 173 MNOK |
| Operating margin | 3.0% | 3.2% |
| Profit margin | 3.1% | 3.2% |
| Return on assets | 6.4% | 11.6% |
| Equity ratio | 19.0% | 32.6% |
| Debt-to-equity | 4.26 | 2.03 |
| Current ratio | 1.28 | 1.38 |
| Revenue growth | −5.2% | 6.8% |
| Revenue per employee | 5.32 MNOK | 6.45 MNOK |
The median and “ahead of” refer to medium-sized companies in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 32, NOVENCO AS does better than 14% of medium-sized companies in the same sector (2,203 companies) in 2025.
Score 2023–2025
- NOVENCO AS
- Median: medium-sized companies in the same sector
NOVENCO AS has a score of 32 for 2025, rank 30,297 of 38,671 in the sector.
Strongest: Liquidity: percentile 42 against peers, current ratio 1.28 against a median of 1.38.
Weakest: Growth: percentile 15 against peers, revenue growth −5.2% against a median of 6.8%. Solidity: percentile 24 against peers, equity ratio 19.0% against a median of 32.6%.
Worth a closer look
- What lies behind weak growth, and will it last?
- 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
NOVENCO AS had an operating margin of 3.0% and an equity ratio of 19.0% in 2025, and ranks 30,297 of 38,671 in Handel.
From 2024 to 2025: the operating margin fell from 8.0% to 3.0%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 80 MNOK and 239 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 84 MNOK |
| EV/EBIT | 8.0 | 239 MNOK |
| P/B | 1.0 | 80 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 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 | 38 | weight 30% |
|---|---|---|
| Solidity | 24 | weight 25% |
| Liquidity | 42 | weight 15% |
| Growth | 15 | weight 15% |
| Consistency | 38 | weight 15% |
Durability: 48 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is NOVENCO AS?
The operating margin was 3.0% in 2025, against a median of 3.2% among medium-sized companies in the same sector. Return on assets was 6.4%.
How solid is NOVENCO AS?
The equity ratio was 19.0% in 2025 (median 32.6%). Debt-to-equity was 4.26 (median 2.03).
What is the liquidity of NOVENCO AS like?
The current ratio was 1.28 in 2025 (median 1.38).
How does NOVENCO AS compare in Handel?
NOVENCO AS ranks 30,297 of 38,671 in Handel for 2025. Among companies of the same size (medium-sized companies) it ranks 1,892 of 2,203. Revenue changed by −5.2% from the year before.
From the Central Coordinating Register
- Org. no.
- 814709442
- Legal form
- AS
- Sector
- Handel (46.840)
- Size tier
- medium
- Employees
- 65 registered 10 October 2026
- Founded
- 9 February 1963 63 years in operation
- Share capital
- 8.00 MNOK
- Business address
- Rosenholmveien 25, 1414 TROLLÅSEN (NORDRE FOLLO)
- Municipality
- Nordre Follo rank 1 of 10 in KOSTRA group 11
- Latest accounts filed
- 2025
- Website
- www.novenco-marine.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
- Morten Velure
- Chair of the board
- Thomas Jarl Dywremose
- Board member
- Taehong Kim
- Auditor
- ERNST & YOUNG 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 | 58 | 53 | 32 | |
| Rank | 12,247 | 16,256 | 30,297 | |
| Operating margin | 6.2% | 8.0% | 3.0% | |
| Return on assets | 26.9% | 13.8% | 6.4% | |
| Equity ratio | 27.8% | 19.7% | 19.0% | |
| Current ratio | 1.37 | 1.28 | 1.28 | |
| Revenue growth | – | 35.1% | −5.2% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 270.0 MNOK | 364.7 MNOK | 345.9 MNOK |
| Operating profit | 16.8 MNOK | 29.3 MNOK | 10.3 MNOK |
| Profit before tax | 22.0 MNOK | 43.6 MNOK | 10.7 MNOK |
| Net profit | 17.2 MNOK | 33.5 MNOK | 8.4 MNOK |
| Financial expenses | 14.6 MNOK | 6.5 MNOK | 16.1 MNOK |
| Total assets | 136.0 MNOK | 362.1 MNOK | 418.7 MNOK |
| Current assets | 130.3 MNOK | 356.3 MNOK | 414.7 MNOK |
| Equity | 37.8 MNOK | 71.3 MNOK | 79.7 MNOK |
| Retained earnings | 29.8 MNOK | 63.3 MNOK | 71.7 MNOK |
| Total liabilities | 98.2 MNOK | 290.9 MNOK | 339.1 MNOK |
| Current liabilities | 95.2 MNOK | 278.4 MNOK | 324.2 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 6406877.
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