INNOVASEA AS
Score · fiscal year 2025
37of 100
How to read this: the company is ahead of 28 % of small companies in the same sector in 2025. What does this mean?
Rank: 2,475 of 3,375 · Sjømat
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 45 and solidity 16 out of 100 among small companies in the same sector in 2025. Methodology
Against the sector
INNOVASEA AS is 12 points below the median for small companies in the same sector in 2025.
Median score 49 among 2,962 companies.
Against small companies in the same sector in 2025: operating margin 2.6% (median 10.0%) and equity ratio 4.7% (median 32.6%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 39 MNOK | 1 MNOK |
| Operating margin | 2.6% | 10.0% |
| Profit margin | 2.4% | 6.7% |
| Return on assets | 3.3% | 2.7% |
| Equity ratio | 4.7% | 32.6% |
| Debt-to-equity | 20.50 | 1.16 |
| Current ratio | 0.82 | 1.55 |
| Revenue growth | – | 16.0% |
| Revenue per employee | 3.25 MNOK | 1.89 MNOK |
The median and “ahead of” refer to small companies in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 37, INNOVASEA AS does better than 28% of small companies in the same sector (2,988 companies) in 2025.
Score 2023–2025
- INNOVASEA AS
- Median: small companies in the same sector
INNOVASEA AS has a score of 37 for 2025, rank 2,475 of 3,375 in the sector.
Strongest: Consistency: percentile 60 against peers.
Weakest: Solidity: percentile 16 against peers, equity ratio 4.7% against a median of 32.6%. Liquidity: percentile 31 against peers, current ratio 0.82 against a median of 1.55.
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 4.7% (median 32.6%).
- Consider strengthening liquidity: current liabilities are 1.2 times current assets. Based on: current ratio 0.82 (median 1.55).
- 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
INNOVASEA AS had an operating margin of 2.6% and an equity ratio of 4.7% in 2025, and ranks 2,475 of 3,375 in Sjømat.
From 2024 to 2025: the operating margin fell from 23.4% to 2.6%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 0 MUSD and 1 MUSD.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 1 MUSD |
| EV/EBIT | 8.0 | 1 MUSD |
| P/B | 1.0 | 0 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
- watch
The equity ratio is very low. Could the company absorb a bad year, and does it need more equity?
Based on: Equity ratio 4.7% (median 32.6%).
- watch
Consider strengthening liquidity: current liabilities are 1.2 times current assets.
Based on: Current ratio 0.82 (median 1.55).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
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 −1.7%. Based on the 7 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 45 | weight 30% |
|---|---|---|
| Solidity | 16 | weight 25% |
| Liquidity | 31 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 60 | weight 15% |
Durability: 44 (average over 3 years)
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is INNOVASEA AS?
The operating margin was 2.6% in 2025, against a median of 10.0% among small companies in the same sector. Return on assets was 3.3%.
How solid is INNOVASEA AS?
The equity ratio was 4.7% in 2025 (median 32.6%). Debt-to-equity was 20.50 (median 1.16).
What is the liquidity of INNOVASEA AS like?
The current ratio was 0.82 in 2025 (median 1.55). Current assets did not cover current liabilities.
How does INNOVASEA AS compare in Sjømat?
INNOVASEA AS ranks 2,475 of 3,375 in Sjømat for 2025. Among companies of the same size (small companies) it ranks 2,148 of 2,988.
From the Central Coordinating Register
- Org. no.
- 914792320
- Legal form
- AS
- Sector
- Sjømat (03.300)
- Size tier
- small
- Employees
- 12 registered 10 March 2026
- Founded
- 1 December 2014 11 years in operation
- Share capital
- 0.03 MNOK
- Business address
- Minde allé 35, 5068 BERGEN
- Municipality
- Bergen rank 9 of 11 in KOSTRA group 12
- 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
- Chief executive
- Sigve Naustdal
- Chair of the board
- Jean-Baptiste Turpin
- Board member
- Sigve Naustdal
- Auditor
- BDO AS
- Accountant
- AZETS INSIGHT AS
Source: Central Coordinating Register, fetched 27 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 | 45 | 52 | 37 | |
| Rank | 1,722 | 1,434 | 2,475 | |
| Operating margin | 10.8% | 23.4% | 2.6% | |
| Return on assets | 11.0% | 19.1% | 3.3% | |
| Equity ratio | 7.8% | 6.3% | 4.7% | |
| Current ratio | 1.22 | 1.17 | 0.82 | |
| Revenue growth | – | −10.8% | – |
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 | 35.2 MNOK | 31.4 MNOK | 3.8 MUSD |
| Operating profit | 3.8 MNOK | 7.3 MNOK | 0.1 MUSD |
| Profit before tax | 3.1 MNOK | 5.8 MNOK | 0.1 MUSD |
| Net profit | 2.9 MNOK | 4.5 MNOK | 0.1 MUSD |
| Financial expenses | −0.1 MNOK | 0.3 MNOK | 0.0 MUSD |
| Total assets | 27.2 MNOK | 31.9 MNOK | 3.0 MUSD |
| Current assets | 25.6 MNOK | 30.2 MNOK | 2.3 MUSD |
| Equity | 2.1 MNOK | 2.0 MNOK | 0.1 MUSD |
| Retained earnings | 2.1 MNOK | 2.0 MNOK | 0.1 MUSD |
| Total liabilities | 25.1 MNOK | 29.9 MNOK | 2.8 MUSD |
| Current liabilities | 20.9 MNOK | 25.7 MNOK | 2.8 MUSD |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 7226006.
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