MGS AS
Score · fiscal year 2025
43of 100
How to read this: the company is ahead of 33 % of medium-sized companies in the same sector in 2025. What does this mean?
Rank: 2,686 of 4,157 · Sjømat
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 67 and solidity 0 out of 100 among medium-sized companies in the same sector in 2025. Methodology
Against the sector
MGS AS is 6 points below the median for medium-sized companies in the same sector in 2025.
Median score 49 among 461 companies.
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating margin | – | 10.6% |
| Profit margin | – | 7.5% |
| Return on assets | 12.1% | 7.7% |
| Equity ratio | −15.2% | 41.4% |
| Debt-to-equity | – | 1.37 |
| Current ratio | 25.86 | 1.70 |
| Revenue growth | – | 8.6% |
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 43, MGS AS does better than 33% of medium-sized companies in the same sector (461 companies) in 2025.
Score 2023–2025
- MGS AS
- Median: medium-sized companies in the same sector
MGS AS has a score of 43 for 2025, rank 2,686 of 4,157 in the sector.
Strongest: Liquidity: percentile 94 against peers, current ratio 25.86 against a median of 1.70. Profitability: percentile 67 against peers.
Weakest: Solidity: percentile 0 against peers, equity ratio −15.2% against a median of 41.4%. Consistency: percentile 16 against peers.
Worth a closer look
- Equity is negative. How will it be rebuilt, and what do lenders and the auditor say about going concern? Based on: equity ratio −15.2% (median 41.4%).
- What lies behind weak solidity, and will it last?
- What lies behind weak consistency, 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
MGS AS had an operating margin of – and an equity ratio of −15.2% in 2025, and ranks 2,686 of 4,157 in Sjømat.
From 2024 to 2025: went from a loss to a profit before tax and the equity ratio rose from −22.8% to −15.2%.
This text is generated automatically from the 2025 accounts.
Three simple methods
One method gives a figure: 106 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 106 MNOK |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | not meaningful |
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
Equity is negative. How will it be rebuilt, and what do lenders and the auditor say about going concern?
Based on: Equity ratio −15.2% (median 41.4%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 8.0% 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
- watch Revenue not reported
- watch No revenue but large assets
- critical Negative equity
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 −5.0%. 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 | 67 | weight 30% |
|---|---|---|
| Solidity | 0 | weight 25% |
| Liquidity | 94 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 16 | weight 15% |
Durability: 19 (average over 3 years)
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is MGS AS?
The operating margin was – in 2025, against a median of 10.6% among medium-sized companies in the same sector. Return on assets was 12.1%.
How solid is MGS AS?
The equity ratio was −15.2% in 2025 (median 41.4%). Equity is negative, so liabilities exceed assets.
What is the liquidity of MGS AS like?
The current ratio was 25.86 in 2025 (median 1.70).
How does MGS AS compare in Sjømat?
MGS AS ranks 2,686 of 4,157 in Sjømat for 2025. Among companies of the same size (medium-sized companies) it ranks 308 of 461.
From the Central Coordinating Register
- Org. no.
- 821701252
- Legal form
- AS
- Sector
- Sjømat (03.110)
- Size tier
- medium
- Employees
- 0–4 (not registered)
- Founded
- 22 October 2018 8 years in operation
- Share capital
- 0.35 MNOK
- Business address
- Melingsåsen 77, 5384 TORANGSVÅG (AUSTEVOLL)
- Municipality
- Austevoll rank 1 of 18 in KOSTRA group 2
- 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
- Chair of the board
- Karl-Oskar Njåstad
- Board member
- Sigve Hennø Njåstad
- Board member
- Rakel Hennø Njåstad Bjånesøy
- Board member
- Tor-Harald Njåstad
- Auditor
- FORVIS MAZARS 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 | 9 | 6 | 43 | |
| Rank | 3,532 | 3,889 | 2,686 | |
| Operating margin | – | – | – | |
| Return on assets | 0.0% | 0.0% | 12.1% | |
| Equity ratio | −12.0% | −22.8% | −15.2% | |
| Current ratio | 1.05 | 0.00 | 25.86 | |
| Revenue growth | – | – | – |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | – | – | – |
| Operating profit | 0.0 MNOK | 0.0 MNOK | −0.3 MNOK |
| Profit before tax | −25.3 MNOK | −32.5 MNOK | 10.6 MNOK |
| Net profit | −25.3 MNOK | −32.5 MNOK | 10.6 MNOK |
| Financial expenses | 25.3 MNOK | 32.5 MNOK | 33.4 MNOK |
| Total assets | 324.6 MNOK | 312.9 MNOK | 362.8 MNOK |
| Current assets | 7.3 MNOK | 0.0 MNOK | 44.4 MNOK |
| Equity | −38.9 MNOK | −71.4 MNOK | −55.1 MNOK |
| Retained earnings | −38.9 MNOK | −71.4 MNOK | −60.6 MNOK |
| Total liabilities | 363.5 MNOK | 384.2 MNOK | 417.9 MNOK |
| Current liabilities | 6.9 MNOK | 4.8 MNOK | 1.7 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 6745470.
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