Arctic Circles AS
Score · fiscal year 2024
Not enough data: Not enough data (below minimum revenue)
Based on the annual accounts for 2024
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 0 MNOK | 3 MNOK |
| Operating margin | 23.7% | 7.7% |
| Profit margin | 21.4% | 3.4% |
| Return on assets | 13.2% | 4.5% |
| Equity ratio | 42.5% | 32.5% |
| Debt-to-equity | 1.36 | 1.56 |
| Current ratio | 0.73 | 1.60 |
| Revenue growth | −22.6% | −4.2% |
The median and “ahead of” refer to companies in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
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.
What the numbers say
Arctic Circles AS had an equity ratio of 42.5% in 2024. The company is not ranked: not enough data (below minimum revenue).
From 2023 to 2024: the operating margin rose from 6.8% to 23.7% and the equity ratio rose from 25.6% to 42.5%.
This text is generated automatically from the 2024 accounts.
Three simple methods
The methods give between 0 MNOK and 0 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 16.9 | 0 MNOK |
| EV/EBIT | 17.0 | 0 MNOK |
| P/B | 2.2 | 0 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
Consider strengthening liquidity: current liabilities are 1.4 times current assets.
Based on: Current ratio 0.73 (median 1.60).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 2.4% of the debt in 2024. The policy rate averaged 4.50 % 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
No anomalies found in 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
Questions and answers
How profitable is Arctic Circles AS?
The operating margin was 23.7% in 2024, against a median of 7.7% among companies in the same sector. Return on assets was 13.2%.
How solid is Arctic Circles AS?
The equity ratio was 42.5% in 2024 (median 32.5%). Debt-to-equity was 1.36 (median 1.56).
What is the liquidity of Arctic Circles AS like?
The current ratio was 0.73 in 2024 (median 1.60). Current assets did not cover current liabilities.
From the Central Coordinating Register
- Org. no.
- 920418570
- Legal form
- AS
- Sector
- Sjømat (03.110)
- Morning company class
- Micro
- Employees
- 0–4 (not registered)
- Founded
- 1 February 2018 8 years in operation
- Share capital
- 0.03 MNOK
- Business address
- Tømmernesvegen 260, 9151 STORSLETT (NORDREISA)
- Municipality
- Nordreisa rank 7–18 of 33 in KOSTRA group 5
- Audit
- Audit opted out from 9 February 2018
- 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
Loading roles …
Source: Central Coordinating Register, fetched 29 October 2026. Only names are shown.
Shareholders (2025)
- Number of shareholders
- 1 (one owner)
- Largest owner
- 100.0%
- Split
- companies 100% · private persons 0% · foreign 0%
- Owned from the same municipality
- 100%
- Group chain
-
Owned by: Arctic Circles Holding AS (100%)
Ultimate owner: private person
The owner: the majority owner Arctic Circles Holding AS (holds 100%) made a loss in 2025. A weak parent can affect the subsidiary through group contributions, loans and guarantees. It is an indication to watch, not an assessment of the company.
- Arctic Circles Holding AS · 100.0%
The company is new in the shareholder register in 2025.
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 | – | – | – | |
| Rank | – | – | – | |
| Operating margin | 6.8% | 23.7% | 19.5% | |
| Return on assets | 4.2% | 13.2% | 12.2% | |
| Equity ratio | 25.6% | 42.5% | 50.9% | |
| Current ratio | 0.65 | 0.73 | 1.33 | |
| Revenue growth | – | −22.6% | 24.1% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 0.5 MNOK | 0.4 MNOK | 0.4 MNOK |
| Operating profit | 0.0 MNOK | 0.1 MNOK | 0.1 MNOK |
| Profit before tax | 0.0 MNOK | 0.1 MNOK | 0.1 MNOK |
| Tax expense | 0.0 MNOK | – | – |
| Net profit | 0.0 MNOK | 0.1 MNOK | 0.1 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Total assets | 0.8 MNOK | 0.6 MNOK | 0.7 MNOK |
| Current assets | 0.2 MNOK | 0.2 MNOK | 0.3 MNOK |
| Equity | 0.2 MNOK | 0.3 MNOK | 0.4 MNOK |
| Retained earnings | 0.2 MNOK | 0.2 MNOK | 0.3 MNOK |
| Total liabilities | 0.6 MNOK | 0.4 MNOK | 0.3 MNOK |
| Current liabilities | 0.3 MNOK | 0.2 MNOK | 0.2 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 5803411.