Ode Tjeldbergodden Holding AS
Score · fiscal year 2025
22of 100
How to read this: the company is ahead of 7 % of companies in the Morning class Micro in the same sector in 2025. What does this mean?
Rank in the Morning class Micro: 1,114 of 1,197 · What are Morning company classes?
Place in the whole sector: 2,079 of 2,213 · Sjømat
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 8 and solidity 8 out of 100 among companies in the Morning class Micro in the same sector in 2025. Methodology
Against the sector
Ode Tjeldbergodden Holding AS is 28 points below the median for companies in the Morning class Micro in the same sector in 2025.
Median score 50 among 1,197 companies.
Against companies in the Morning class Micro in the same sector in 2025: operating margin −276.2% (median 13.6%) and equity ratio 1.7% (median 34.3%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 3 MNOK | 3 MNOK |
| Operating margin | −276.2% | 13.6% |
| Profit margin | −2,334.3% | 9.7% |
| Return on assets | −3.2% | 7.4% |
| Equity ratio | 1.7% | 34.3% |
| Debt-to-equity | 58.82 | 1.46 |
| Current ratio | 0.57 | 1.72 |
| Revenue growth | 80.1% | 23.6% |
The median and “ahead of” refer to companies in the Morning class Micro in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 22, Ode Tjeldbergodden Holding AS does better than 7% of companies in the Morning class Micro in the same sector (1,197 companies) in 2025.
Score over time
Score over time needs at least two fiscal years with a score. It will appear when next year's figures are fetched or history is imported.
Ode Tjeldbergodden Holding AS has a score of 22 for 2025, rank 2,079 of 2,213 in the sector.
Strongest: Growth: percentile 82 against peers, revenue growth 80.1% against a median of 23.6%.
Weakest: Solidity: percentile 8 against peers, equity ratio 1.7% against a median of 34.3%. Profitability: percentile 8 against peers, operating margin −276.2% against a median of 13.6%.
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 1.7% (median 34.3%).
- Consider strengthening liquidity: current liabilities are 1.7 times current assets. Based on: current ratio 0.57 (median 1.72).
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin −2,334.3% (median 9.7%).
- 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
Ode Tjeldbergodden Holding AS had an operating margin of −276.2% and an equity ratio of 1.7% in 2025, and ranks 2,079 of 2,213 in Sjømat.
From 2024 to 2025: the operating margin rose from −463.4% to −276.2% and revenue grew by 80%.
This text is generated automatically from the 2025 accounts.
Three simple methods
One method gives a figure: 3 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 16.9 | not meaningful |
| EV/EBIT | 17.0 | not meaningful |
| P/B | 2.2 | 3 MNOK |
The listed basis is the value at listed multiples. The estimate is lowered by 51% for an unlisted company: 20% for lack of marketability and 38% for size (a small-company premium of 4% on the cost of equity).
A mechanical estimate from public accounts, not advice. A mechanical estimate from public accounts with listed multiples and fixed adjustments. Not a valuation and not advice to buy or sell. 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 1.7% (median 34.3%).
- watch
Consider strengthening liquidity: current liabilities are 1.7 times current assets.
Based on: Current ratio 0.57 (median 1.72).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −2,334.3% (median 9.7%).
- watch
The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors?
Based on: Operating margin −276.2% (median 13.6%).
- 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 80.1% (median 23.6%); Current ratio 0.57 (median 1.72).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 49.8% 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.
See interest rates, prices and exchange rates for the sector
Data quality
- watch Extreme margin: check the figures
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 −0.5%. Based on the 10 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 8 | weight 30% |
|---|---|---|
| Solidity | 8 | weight 25% |
| Liquidity | 19 | weight 15% |
| Growth | 82 | weight 15% |
| Consistency | 13 | weight 15% |
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Ode Tjeldbergodden Holding AS?
The operating margin was −276.2% in 2025, against a median of 13.6% among companies in the Morning class Micro in the same sector. Return on assets was −3.2%. The company made a loss before tax.
How solid is Ode Tjeldbergodden Holding AS?
The equity ratio was 1.7% in 2025 (median 34.3%). Debt-to-equity was 58.82 (median 1.46).
What is the liquidity of Ode Tjeldbergodden Holding AS like?
The current ratio was 0.57 in 2025 (median 1.72). Current assets did not cover current liabilities.
How does Ode Tjeldbergodden Holding AS compare in Sjømat?
Ode Tjeldbergodden Holding AS ranks 2,079 of 2,213 in Sjømat for 2025. Among companies in the Morning class Micro it is number 1,114 of 1,197. Revenue changed by 80.1% from the year before.
Group accounts · 2025
13 of 100
Rank 85 of 87 groups in the Morning class Medium in Sjømat. Groups are ranked only against other groups in the same sector and class, never against single companies.
- Operating revenue, group
- 63 MNOK
- Operating profit, group
- −3 MNOK
- Profit before tax, group
- −19 MNOK
- Total assets, group
- 190 MNOK
- Equity, group
- −9 MNOK
| Key figure | The group | The company alone (2025) |
|---|---|---|
| Operating margin | −4.9% | −276.2% |
| Return on assets | −1.5% | −3.2% |
| Equity ratio | −4.7% | 1.7% |
| Current ratio | 0.87 | 0.57 |
| Revenue growth | −7.7% | 80.1% |
Group index in earlier years: 2023: 40 (76 of 115), 2024: 8 (87 of 87).
Same formulas and weights as the company index. Group and company are never added together, and the group accounts are not part of sector averages or company rankings.
Source: Brønnøysund Register Centre, group accounts 2025 (open data, NLOD 2.0).
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.
- 814911632
- Legal form
- AS · part of a group
- Sector
- Sjømat (03.211)
- Morning company class
- Micro
- Employees
- 0–4 (not registered)
- Founded
- 26 January 2015 11 years in operation
- Share capital
- 148.13 MNOK
- Business address
- Ingebjørgs vei 19, 4633 KRISTIANSAND S
- Municipality
- Kristiansand rank 2–6 of 11 in KOSTRA group 12
- Latest accounts filed
- 2025
- Website
- www.lumarine.no
- LEI
- 5493003QJWOJR51IKV17 not renewed (lapsed)
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 29 October 2026. Only names are shown.
- Parent company
- Parent not reported
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 29 October 2026. The parent is the one the company itself reported to GLEIF.
Shareholders (2025)
- Number of shareholders
- 75 (one owner holds more than half)
- Largest owner
- 82.1% · top three 89.7%
- Split
- companies 99% · private persons 1% · foreign 8%
- Owned from the same municipality
- 1%
- Owners over 60
- 38% of the shares held by persons (median age 58)
- Group chain
-
Owned by: Holding Akvaservice AS (82%)
Ultimate owner: private person
- Holding Akvaservice AS · 82.1%
- DEUTSCHE BANK AKTIENGESELLSCHAFT (Germany) · 4.8%
- Skandinaviska Enskilda Banken AB (Sweden) · 2.8%
- Dina Management AS · 2.5%
- DNB Bank ASA · 1.0%
- Larssen AS · 1.0%
- Hespriholmen Invest AS · 0.9%
- Niga AS · 0.6%
- TH Falkanger AS · 0.4%
- Altitude Explorer AS · 0.3%
- 34 private persons · 1.1%
The company is new in the shareholder register in 2025.
Majority owner of: Ode Sleneset AS (100%), Ode Tjeldbergodden AS (100%)
Holds shares in: Ode Sleneset AS (100%), Ode Tjeldbergodden 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 26 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | – | – | 22 | |
| Rank | – | – | 2,079 | |
| Operating margin | −10,666.9% | −463.4% | −276.2% | |
| Return on assets | −3.3% | −2.3% | −3.2% | |
| Equity ratio | 7.9% | 4.7% | 1.7% | |
| Current ratio | 0.94 | 0.81 | 0.57 | |
| Revenue growth | – | 1,524.1% | 80.1% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 0.1 MNOK | 1.7 MNOK | 3.1 MNOK |
| Operating profit | −11.4 MNOK | −8.0 MNOK | −8.6 MNOK |
| Profit before tax | 40.5 MNOK | −5.4 MNOK | −72.7 MNOK |
| Tax expense | 0.0 MNOK | 0.0 MNOK | – |
| Net profit | 40.5 MNOK | −5.4 MNOK | −72.7 MNOK |
| Financial expenses | −45.5 MNOK | 2.0 MNOK | 68.2 MNOK |
| Total assets | 150.9 MNOK | 145.2 MNOK | 139.4 MNOK |
| Current assets | 70.1 MNOK | 67.5 MNOK | 51.5 MNOK |
| Equity | 11.9 MNOK | 6.8 MNOK | 2.3 MNOK |
| Retained earnings | −247.7 MNOK | −253.2 MNOK | −146.5 MNOK |
| Total liabilities | 139.0 MNOK | 138.4 MNOK | 137.1 MNOK |
| Current liabilities | 74.6 MNOK | 83.0 MNOK | 89.6 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 7226648.
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