NORMARINE AS
Score · fiscal year 2025
47of 100
How to read this: the company is ahead of 44 % of medium-sized companies in the same sector in 2025. What does this mean?
Rank: 21,829 of 38,670 · Handel
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 37 and solidity 53 out of 100 among medium-sized companies in the same sector in 2025. Methodology
Against the sector
NORMARINE AS is 2 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 2.7% (median 3.2%) and equity ratio 34.6% (median 32.6%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 663 MNOK | 173 MNOK |
| Operating margin | 2.7% | 3.2% |
| Profit margin | 1.4% | 3.2% |
| Return on assets | 6.4% | 11.6% |
| Equity ratio | 34.6% | 32.6% |
| Debt-to-equity | 1.89 | 2.03 |
| Current ratio | 1.53 | 1.38 |
| Revenue growth | 0.3% | 6.8% |
| Revenue per employee | 110.53 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 47, NORMARINE AS does better than 44% of medium-sized companies in the same sector (2,203 companies) in 2025.
Score 2023–2025
- NORMARINE AS
- Median: medium-sized companies in the same sector
NORMARINE AS has a score of 47 for 2025, rank 21,829 of 38,670 in the sector.
Strongest: Consistency: percentile 66 against peers.
Weakest: Growth: percentile 27 against peers, revenue growth 0.3% against a median of 6.8%. Profitability: percentile 37 against peers, operating margin 2.7% against a median of 3.2%.
Worth a closer look
- What lies behind weak growth, and will it last?
- What lies behind weak profitability, 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
NORMARINE AS had an operating margin of 2.7% and an equity ratio of 34.6% in 2025, and ranks 21,829 of 38,670 in Handel.
From 2024 to 2025: the equity ratio rose from 17.6% to 34.6% and the operating margin fell from 5.2% to 2.7%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 49 MNOK and 142 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 70 MNOK |
| EV/EBIT | 8.0 | 142 MNOK |
| P/B | 1.0 | 49 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.
Financial costs were 0.0% 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
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 | 37 | weight 30% |
|---|---|---|
| Solidity | 53 | weight 25% |
| Liquidity | 59 | weight 15% |
| Growth | 27 | weight 15% |
| Consistency | 66 | weight 15% |
Durability: 42 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is NORMARINE AS?
The operating margin was 2.7% 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 NORMARINE AS?
The equity ratio was 34.6% in 2025 (median 32.6%). Debt-to-equity was 1.89 (median 2.03).
What is the liquidity of NORMARINE AS like?
The current ratio was 1.53 in 2025 (median 1.38).
How does NORMARINE AS compare in Handel?
NORMARINE AS ranks 21,829 of 38,670 in Handel for 2025. Among companies of the same size (medium-sized companies) it ranks 1,229 of 2,203. Revenue changed by 0.3% from the year before.
From the Central Coordinating Register
- Org. no.
- 852342072
- Legal form
- AS
- Sector
- Handel (46.322)
- Size tier
- medium
- Employees
- 6 registered 10 July 2025
- Founded
- 5 June 1989 37 years in operation
- Share capital
- 1.12 MNOK
- Business address
- Brogata 14, 6006 ÅLESUND
- Municipality
- Ålesund rank 2–6 of 10 in KOSTRA group 11
- Latest accounts filed
- 2025
- Website
- www.normarine.no
- LEI
- 549300746BSCXZSD5L84 renews 27 September 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
- Chief executive
- Bjørn Fladmark
- Chair of the board
- Carrie Goltry Rorem
- Board member
- Daniel Lawrence Cassiano-Silva
- Board member
- Erik Sindre Pedersen
- Board member
- Else Berit Fladmark
- Board member
- Daniel Thomas Aherne
- Auditor
- MOA REVISJON AS
- Accountant
- ENORA AS
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.
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 | 31 | 47 | 47 | |
| Rank | 26,755 | 20,642 | 21,829 | |
| Operating margin | 3.6% | 5.2% | 2.7% | |
| Return on assets | 4.6% | 6.7% | 6.4% | |
| Equity ratio | 16.9% | 17.6% | 34.6% | |
| Current ratio | 1.20 | 1.21 | 1.53 | |
| Revenue growth | – | 34.8% | 0.3% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 490.2 MNOK | 660.9 MNOK | 663.2 MNOK |
| Operating profit | 17.9 MNOK | 34.4 MNOK | 17.7 MNOK |
| Profit before tax | 9.0 MNOK | 18.2 MNOK | 9.0 MNOK |
| Net profit | 7.0 MNOK | 14.1 MNOK | 7.0 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Total assets | 197.2 MNOK | 269.5 MNOK | 140.9 MNOK |
| Current assets | 197.1 MNOK | 269.4 MNOK | 140.8 MNOK |
| Equity | 33.3 MNOK | 47.4 MNOK | 48.8 MNOK |
| Retained earnings | 18.8 MNOK | 32.9 MNOK | 34.3 MNOK |
| Total liabilities | 163.9 MNOK | 222.1 MNOK | 92.1 MNOK |
| Current liabilities | 163.9 MNOK | 222.1 MNOK | 92.1 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 6523385.
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