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NORDHAVET AS

Org. no. 917921830 · IBESTAD · Founded 2016

Score · fiscal year 2023

52of 100

How to read this: the company is ahead of 54 % of small companies in the same sector in 2023. What does this mean?

Rank: 1,732 of 3,738 · Sjømat

Profile

Lion · Leader

High profitability, high solidity

Position against comparable companies in 2023, not a verdict on the company. Based on profitability 63 and solidity 55 out of 100 among small companies in the same sector in 2023. Methodology

Against the sector

NORDHAVET AS is 2 points above the median for small companies in the same sector in 2023.

Median score 50 among 3,282 companies.

Against small companies in the same sector in 2023: operating margin 21.4% (median 9.0%) and equity ratio 48.5% (median 35.9%).

Source: Register of Company Accounts and Central Coordinating RegisterFetched 26 October 2026Report an issue
Key figures · 2023

The numbers behind the score

The numbers behind the score · 2023
MeasureCompanyMedianAhead of
Operating revenue78 MNOK2 MNOK
Operating margin 21.4% 9.0% 71 %
Profit margin 11.8% 5.5% shown, not part of the index
Return on assets 4.2% 2.7% 56 %
Equity ratio 48.5% 35.9% 59 %
Debt-to-equity 1.06 1.08 50 %
Current ratio 0.88 1.66 31 %
Revenue growth – 10.5% not compared

The median and “ahead of” refer to small companies in the same sector in 2023. The bar shows the share of companies the figure is ahead of.

With an index of 52, NORDHAVET AS does better than 54% of small companies in the same sector (3,284 companies) in 2023.

Over time

Score 2023–2025

CompanyMedian0255075100202320242025
  • NORDHAVET AS
  • Median: small companies in the same sector
Analysis · 2023

What the numbers say

NORDHAVET AS had an operating margin of 21.4% and an equity ratio of 48.5% in 2023, and ranks 1,732 of 3,738 in Sjømat.

This text is generated automatically from the 2023 accounts.

Estimated value · 2023

Three simple methods

The methods give between 67 MNOK and 198 MNOK.

MethodInputMultipleEstimate
P/E Net profit: 6.7 MNOK 10.0 67 MNOK
EV/EBIT Operating profit: 16.6 MNOK
minus net debt 157.2 MNOK		 8.0 debt above value
P/B Equity: 198.3 MNOK 1.0 198 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

Indications · 2023

Worth a closer look

  • watch

    Consider strengthening liquidity: current liabilities are 1.1 times current assets.

    Based on: Current ratio 0.88 (median 1.66).

Indications based on the latest annual accounts from open data. Not investment or financial advice.

Financial costs were 3.8% of the debt in 2023. The policy rate averaged 3.54 % 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.

Stress test · 2022

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

Components · 2023

What the score is made of

Profitability63 weight 30%
Solidity55 weight 25%
Liquidity31 weight 15%
Growth– no data, left out
Consistency45 weight 15%

Index version 2. Data completeness 85%: the share of the weights that had data.

2023

Questions and answers

How profitable is NORDHAVET AS?

The operating margin was 21.4% in 2023, against a median of 9.0% among small companies in the same sector. Return on assets was 4.2%.

How solid is NORDHAVET AS?

The equity ratio was 48.5% in 2023 (median 35.9%). Debt-to-equity was 1.06 (median 1.08).

What is the liquidity of NORDHAVET AS like?

The current ratio was 0.88 in 2023 (median 1.66). Current assets did not cover current liabilities.

How does NORDHAVET AS compare in Sjømat?

NORDHAVET AS ranks 1,732 of 3,738 in Sjømat for 2023. Among companies of the same size (small companies) it ranks 1,521 of 3,284.

From the Central Coordinating Register

Org. no.
917921830
Legal form
AS
Sector
Sjømat (03.110)
Size tier
small
Employees
0–4 (not registered)
Founded
11 October 2016 10 years in operation
Share capital
1.10 MNOK
Business address
Andørjaveien 1810, 9455 ENGENES (IBESTAD)
Municipality
Ibestad rank 17–36 of 36 in KOSTRA group 15
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
Børge Arvesen
Chair of the board
Johannes Arne Arvesen
Board member
Jostein Arvesen
Deputy member
Marius Arvesen
Auditor
CEDRA NORGE AS
Accountant
TØCO A/S

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.

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Figures last fetched 26 October 2026.

Details

Year by year · 2023–2025

Key figure202320242025Trend
Index525155
Rank1,7321,8451,554
Operating margin21.4%14.7%30.1%
Return on assets4.2%2.7%7.8%
Equity ratio48.5%52.0%42.4%
Current ratio0.880.350.34
Revenue growth–−15.2%36.9%

Accounts

From the Brønnøysund Register Centre, in the company's reporting currency (NOK).

Key figure202320242025
Operating revenue77.6 MNOK65.8 MNOK90.1 MNOK
Operating profit16.6 MNOK9.6 MNOK27.1 MNOK
Profit before tax9.2 MNOK2.2 MNOK23.4 MNOK
Net profit6.7 MNOK1.3 MNOK17.8 MNOK
Financial expenses8.1 MNOK8.2 MNOK7.3 MNOK
Total assets408.6 MNOK382.8 MNOK395.3 MNOK
Current assets25.9 MNOK4.0 MNOK25.4 MNOK
Equity198.3 MNOK199.2 MNOK167.8 MNOK
Retained earnings23.8 MNOK24.7 MNOK10.9 MNOK
Total liabilities210.3 MNOK183.6 MNOK227.5 MNOK
Current liabilities29.4 MNOK11.3 MNOK74.4 MNOK

Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 5277729.

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